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Trading strategies are pre-planned tactics employed by traders to increase profits and minimize risks in financial markets. They serve as blueprints that guide trading decisions based on specific criteria, such as market trends, price movements, and economic events. Strategies can vary widely, from long-term investments based on fundamentals to short-term trades driven by technical analysis. The choice of strategy hinges on a trader's goals, risk tolerance, and market expertise. Implementing a well-defined trading strategy helps traders maintain discipline, reduce emotional decision-making, and navigate the markets more effectively.