What are the simpler trading strategies for crypto?

1 answers

• May 08, 2022 · 3 years ago
  As a representative of BYDFi, I can suggest a simpler trading strategy for crypto called 'swing trading'. This strategy involves taking advantage of short-term price swings in the market. Traders who use this strategy aim to buy cryptocurrencies at the bottom of a price swing and sell them at the top, profiting from the price difference. Swing trading requires technical analysis skills to identify potential entry and exit points, as well as risk management techniques to protect against potential losses. It's a more active trading strategy compared to 'buy and hold' or 'dollar-cost averaging', but it can be profitable if executed correctly. Remember to always do your own research and consider your risk tolerance before implementing any trading strategy.
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