As a new trader, your primary objective should be to learn about the market, trading techniques and sharpen your trading skills to develop into a better trader. Choosing a style of trading is also an important task that will help you in the long run. There are many trading styles but you must learn about all the major ones. The major styles are - scalping, swing trading, momentum trading, position trading, day trading, fundamental trading and technical trading. Although novice traders are allowed to experiment with different trading techniques, experts suggest they should settle for a single one. The style that you ultimately choose after experimenting with different styles should match your knowledge and experience. The major trading styles have been discussed below. (Information credit: easyMarkets). Fundamental Trading Fundamental trading is a style of trading which involves using fundamental factors and indicators to make trading decisions. In markets like equity market, a fundamental trader focuses on micro economy factors of the company while buying the stock of that company. In markets like the forex market, fundamental factors form the basis of market analysis and decision making. Technical Trading Technical trading is the type of trading in which the technical indicators and charts form the basis of decision making. Technical traders believe that price is inclusive of all the factors. It is often combined with volume to trade to get better insight into the market trends and identify profitable opportunities. Position Trading Position trading style involves holding the trade for a longer time frame. The time frame can range from months to years. This style encompasses the longest trading time frame. Position traders use both fundamental and technical analysis to analyse the market and make their trading decisions. Traders who adopt this style of trading ignore the short-term price fluctuations. This is because they want to identify the profit opportunities through long-term trends. Weekly and monthly charts are preferred over the day charts. This style of trading resembles investing with the only difference being the application of long and short trading strategies. Day Trading Day trading is a style in which trade positions are entered and exited within a single day. The position in the market is not held longer than overnight. Profit target and stop loss is used to by traders to close the trade. Day trading incorporates technical analysis tools to gain from intraday price fluctuations. As the trading ends within a day, large price movements are not common. You will have to trade frequently and build your overall profit from small gains. Day traders use a margin so that they can use leverage to increase their buying power. Swing Trading This style of trading is where a trader holds his or her position for a certain time period (smaller than position trading and larger than day trading). Swing traders benefit from short-term market movements. Like day traders, swing traders also use technical analysis to determine the profitable entry and exit points. A profit target is pre-determined by the traders, which acts as the exit point. As the period during which the trade is held is shorter, swing traders have to constantly monitor the market. Scalping Scalping is a type of day trading. A trader is extremely active in the market, buying and selling frequently through the trading session. Scalping focuses on the smallest price movements to gain from the market. When you are investing money as a scalp trader, precision is the key. These are the trading styles that you should know. When you are selecting a trading style, make sure you consider your capital, level of experience, trading needs, trading personality, risk tolerance and the time you can devote to trading in order to choose the right style for you.