Forex trading types can be broadly categorized into position trading, swing trading, day trading, and scalp trading. Position trading involves a long-term call of the market, while swing trading is about short to medium-term market call. Day trading is about buying and selling currency pairs the same day. At last, scalp trading remains the mini version of day trading, involving multiple buy and sell transactions within minutes or seconds. Among all these, you need different strategies. In position trading, you can take time to understand the currency pairs that have been performing over a long period. Place bets on them. In swing trading, try to bet in stable to slightly volatile currency pairs. Whereas in day and scalp trading, you have to be swift and unleash quick profit potentials.