Day trading is a trading strategy in which a trader will open and close all their positions before the markets close for the evening. In doing so, they avoid some of the risks and added costs associated with holding a position overnight.

As opposed to day trading, position trading involves holding onto an asset or maintaining a position for a long period of time. Often, this can be anywhere from weeks, months or even years. Position trading differs from the other trading strategies listed here as it is not a day or short-term strategy.

A swing trader will use a mixture of technical and fundamental analysis to spot 'swings' in an asset's price movements. A 'swing high' is when the price of an asset swings upwards, and a 'swing low' is when it moves downward. As opposed to the two previously mentioned trading strategies, swing trading does not have a fixed time scale but is generally used by traders in a two-day to weekly window.

Similar to other trading strategies, trend trading is dependent on the prevalence of a particular trend, and can therefore be a short, medium or long-term strategy. As a result, traders need to be able to recognise when to open and close their positions in order to maximise profits.

Scalping is a form of day trading and involves opening and holding a position for a very short amount of time - generally a few minutes but sometimes just a few seconds. Traders who use a scalping strategy are known as scalpers.

The economic calendar is used by investors to keep track of the most significant events that move the market, such as economic indicators and policy decisions