Are you trying to trade the crypto market? Do you feel your strategies don’t bring results no matter how hard you try?
In this post, we’ll share with you 5 types of crypto trading strategies that work and how to find the best one. There’s no right or wrong when it comes down to what strategy suits your needs—so get ready for some new insights into which ones might be perfect as they pertain specifically toward cryptocurrencies!
1. Trading Positions:
Position traders are a bit more patient than other strategies. They can hold positions for weeks or even months and rely on fundamental analysis such as economic reports (NFP, GDP), retail sales numbers etc., to help them make decisions about when is the right time to get in/out of stocks based off what they see happening with those indicators before going into further detail how these people use technicals analysis techniques like trend following buy-sell signals that might come from price channels running through various asset classes which will allow you ample opportunity while still being able take advantage should an uptrend continue so long term investors don’t have too much trouble finding gains but also protect themselves against drops.
2. Long Term/Swing Trading
Swing traders are always looking for that one big move. They believe in capturing the biggest profit possible by waiting out any fluctuations and letting their investments ride it out until after you’ve seen all of those green lights at once! It includes trading breakouts, pullbacks, support & resistance and other key areas. Most of the traders who work professionally and veteran traders who offer crypto signals also prefer swing trading as it gives more accuracy to their trading style.
3. Intraday Trading
Day trading is all about capturing the volatility. You do this by sitting on either a 5-minute or 15 minute chart and waiting for prices to move just enough so that you can sell them at their peak value before they drop back down again – making your profit from both sides of any given trade! Day traders aim primarily intraday moves because those are where money really gets made; but if an instrument has broader support/resistance levels than what’s being traded (as many markets do), then those might also be worth considering as potential spots ‘to get out quickly.’
Day traders are interested in fast profits, so they don’t care about the long-term trend or economy. They only identify their bias for whether to be “long” or “short” during trading hours and trade accordingly.
4. Scalp Trading
Scalping is a high-risk way to trade, and as such it’s not for everyone. But if you’re looking for quick gains without much time investment then scalping may just be the ticket!
The main tool in my trading arsenal – order flow from where I’m getting all of those great quotes about what people want right now ( buy & sell orders).
However, scalping is not recommended as the transactions costs end up eating away the most of the profits and human speeds cannot match the speed of machines so chances are, it may not work out.
