Scalp trading is similar to day trading except you’re only keeping trades open for 1-3 minutes at most and make maybe 1-5 pips profit in the forex markets. A lot of forex and spread betting sites don’t like accepting scalp traders because they can jam the markets, usually don’t cover the spread size and they are difficult for the sites to process and cover.
Swing traders take advantage of short to intermediate term trends which could last anywhere from 1 – 30 days.
The disadvantages do position trading is that you need a combination of technical and fundamental analysis skills, compounding has a much smaller effect on your profits and you have a lot cash reserve tied for up an extended period of time. In conclusion, different trading styles suit different people’s needs and their risk ratios.
Swing traders tend to be the more experienced of spread bettors and will use technical indicators such as Fibonacci Retracements and Stochastic Oscillators to find price reversal and trends emerging.
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