by TradingStrategyGuides | Last updated Nov 15, 2019 | All Strategies, Cryptocurrency Strategies, Most Popular | 13 comments
With last week’s price move we updated this article to make sure you take advantage of this price action.
Today’s article is all about a cryptocurrency trading strategy and day trading bitcoin.
You’ve probably been hearing so much about it.
There are tons of cryptocurrency trading strategies that promise to make you rich. Our team at Trading Strategy Guides understands that now everyone wants a piece of the pie. That is the reason why we have put together the best Bitcoin trading strategy PDF.
We also have a complete strategy article with a list of all of the best trading strategies we have created.
The truth is that bitcoin is the hottest trading market right now.
Trading crypto can be extremely lucrative.
If you’re good at it, it’s an opportunity to work from wherever you want, whenever you want.
Most people aren’t cut out for trading. It’s mentally draining and psychologically taxing.
Above all else, successful cryptocurrency traders are separated from the losing traders by one main thing: risk strategy.
Risk strategy is simply the art of considering the risk during every one of your trades, every time.
Risk strategy is your approach to managing risk while you’re trading.
It’s a rule book that you follow, to the letter, every time you enter a trade.
Take it from Peter Brandt, one of the most well known, respected technical traders.
Absolutely correct Patrick.
I lose on about 50% of my trades.
My presupposition on all trades is that they will lose money.
Peter enters every trade knowing there is a risk.
Prices are substantially more volatile than traditional assets, which means the swings are ripe for traders who know what they’re doing – and perilous for those who don’t.
If you are ready to step up and take your crypto trading to the next level, there’s a lot to learn, but it’s nothing you can’t handle.
Remember: Most traders will lose money trading crypto. Position yourself ahead of the pack by learning how to trade like a pro.
If you are just jumping in for the first time, you should start small and scale your exposure over time.
Staying safe should be your top priority.
Day trading cryptocurrency has boomed in recent months.
High volatility and trading volume in cryptocurrencies suit day trading very well. Here we provide some tips for day trading crypto, including information on strategy, software and trading bots – as well as specific things new traders need to know, such as taxes or rules in certain markets.
We also list the top crypto brokers in 2019 and show how to compare brokers to find the best one for you.
Scared of missing out? Here is a quick plan to get you trading cryptocurrency quickly;
Congratulations, you are now a cryptocurrency trader! Remember, you can run through the purchase or sale of cryptocurrencies on a broker demo account. Unfortunately, you cannot practise on an exchange.
Trading crypto generally revolves around speculating on it’s price, rather than owning any of the actual coins.