How does discretionary basis trading work in the cryptocurrency market?

1 answers

• ASWATH GAug 07, 2023 · 2 years ago
  Discretionary basis trading in the cryptocurrency market is a trading strategy where traders make decisions based on their own judgment and analysis. Unlike systematic trading strategies that rely on predefined rules and algorithms, discretionary basis trading allows for more flexibility and adaptability to market conditions. Traders who engage in discretionary basis trading often use a combination of technical analysis, fundamental analysis, and market sentiment to identify trading opportunities. They rely on their own experience, knowledge, and intuition to make trading decisions. While this type of trading strategy can be highly profitable, it also carries higher risks. Traders need to carefully manage their risk exposure and have a well-defined trading plan. It is important to stay updated with the latest news and developments in the cryptocurrency market to make informed trading decisions. BYDFi, a leading cryptocurrency exchange, provides a user-friendly platform for traders to engage in discretionary basis trading and offers a wide range of cryptocurrencies to trade. However, it is important to note that discretionary basis trading requires experience and expertise, and it may not be suitable for all traders.
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