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Swing trading is a medium-term trading technique that involves keeping positions for a few days to a few weeks in order to profit from market fluctuations.
Position trading is a long-term trading tactic that involves keeping positions for a number of months to a number of years.
Trading based on news events and the publication of economic data is known as "news trading."
Here are some of the popular forex trading tactics up to that point:
Algorithmic Trading: With advancements in technology, algorithmic trading involves using automated trading systems or "trading bots" to execute trades based on predefined rules and algorithms.
Trend Following: Traders using this tactic aim to identify and ride established trends in the market.
Day Trading: This involves making multiple trades within a single day, aiming to profit from short-term price movements.
It's important to note that each trading tactic has its own set of risks and requirements, and there is no one-size-fits-all approach. Traders often combine elements from different strategies to create a personalized approach that suits their risk tolerance, trading style, and market conditions.
Trend trading is one of the most popular - and straightforward - tactics since the only requirement is that you trade in the direction of the current market.