Top
image credit: Unsplash

6 Crypto Trading Types & Strategies You Need To Know

October 21, 2022

Category:

Although people have been trading stocks for centuries, cryptocurrency is still a relatively new form of investment. As a result, there are few tried-and-true strategies for predicting the future price of crypto assets. However, that doesn’t mean you shouldn’t try. In this article we’ll look at some of the most popular crypto trading strategies and discuss why they work (or don’t).

1. The Day Trading Strategy

The day trading strategy is the most popular and easiest of the bunch to understand. It involves buying and selling at the same time, but with different amounts. You could open a position for $1000 in Bitcoin, for example, and then sell that same amount when you want to exit your position (this is called “closing”).

Read More on Small Biz Club