Advanced trading strategies involve sophisticated techniques used by experienced traders to enhance returns or manage risk. Some popular strategies include Scalping, where traders make numerous trades to profit from small price changes; Swing Trading, which aims to capitalize on volatility over several days or weeks; and Algorithmic Trading, using complex algorithms to automate trading decisions based on multiple data points. Other strategies like Options Trading and Pairs Trading leverage market discrepancies and correlations to minimize risk and maximize potential gains. Each strategy requires a solid understanding of market dynamics and robust risk management to be successful.