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Topic: Basic Crypto Trading Strategies for New Digital Asset Investors (Read 178 times)

legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
all the strategies mentioned above are only hodling that is suitable for all people, whether beginners or professionals,
and many professional traders use hodling strategies, they hold on to profits, this enters trading strategies, saves trading profits for hodling and harvests them when the market is headed for a bullish peak.
legendary
Activity: 2282
Merit: 1041

I didn't know there is a demo account that we can play with in crypto.

Among the strategies, its the Swing that a newbie will probably have to take than directly getting into day trading and leverage, its not even easy for experienced ones. I can even just trade once in two weeks depending if there is really something that shows in the chart. If not I can cancel the order and check the chart once again to make sure I can buy at overbought level.
legendary
Activity: 2702
Merit: 4002
Since the talk is for beginners, I don't think this is the right board for it, but as a beginner, it is better to learn things using testnet coins or through some simulators [1][2] to ensure you don't lose your money.
Once you have gained the basic knowledge, check the regulations of the platform you want to trade, which is one of the fundamental reasons for choosing a platform.
You can then choose the trading strategy as you did with the simulators.
If you believe in this technology, Hodling until you achieve your goal.

[1] https://bitcoinflip.app/
[2] https://niffler.co/
sr. member
Activity: 1092
Merit: 250
I am HODLing team.  Grin Easiest to do. I can't do technical analysis and arbitrage for now really hard to do. Not much different price between exchanges to do arbitrage and we sometime must think if it is really profitable or not. That is why for now i only buy bitcoin when i have money, and then hold it.

That's a good way if it's not capable in technical analysis, it's better for HODling, because by trading it we have to be right in our analysis, we know that everyone can't do it this way but buying bitcoin and holding it is a good way because of the future we are still long.
sr. member
Activity: 2506
Merit: 368
These type of trading strategies have been discussed a lot of times.

This is quite helpful to those newbies who don't have any idea about of trading. Trading may not be that easy but once you learn the basics you are doing good as long as you know how to manage the risk. It takes a lot of times to totally master the trading on your own, well, some of us don't have that talent of gaining expertise in just a short period of time.
sr. member
Activity: 460
Merit: 254
A new investors who have zero knowledge in digital assets should used demo account for trading.
there are several exchanges out there that server demo account for a newbie.
So they can practice and see the market's movement before they will trade with their real money
That was a very helping and useful piece of information. What can be better than using one’s skill in an environment like real time? It is a good way for traders to increase their knowledge and come up with some working strategies of their own. Other than that, they should also choose a potential asset like bitcoin and then try to do a deep study of this holding. Research is significant for success.
MI6
hero member
Activity: 1260
Merit: 504
Betking.io - Best Bitcoin Casino
I am HODLing team.  Grin Easiest to do. I can't do technical analysis and arbitrage for now really hard to do. Not much different price between exchanges to do arbitrage and we sometime must think if it is really profitable or not. That is why for now i only buy bitcoin when i have money, and then hold it.
hero member
Activity: 1666
Merit: 502
For daily traders, traders who often take market action, are more directed at the market situation and newsroom. Whereas in my opinion HODL trading or even traders who are not often marketed are more technical analysis. In technical analysis crypto which plays an important role is the history of previous values, so this is suitable for long time holders.
full member
Activity: 1498
Merit: 146
For new crypto traders the long term trading will works much better,or they can should give more effort in the beginning itself to learn TA and start doing the trading more often.Swing trading should be the part of it while holding it because there is no better market condition for the traders to make profits other than sideways market movement.
full member
Activity: 236
Merit: 117
Most crypto trading strategies will include technical analysis, so if you aren’t familiar with this, then you need to start studying. Technical analysis can work in these markets, but you need to be quick in your analysis, and decisive in your trades.

Along with some technical analysis, it is good if you know some trading strategies. Some of the basic Cryptocurrency Trading Strategies are:

Swing Trading

Swing trading is a popular cryptocurrency trading strategy that depends heavily on technical analysis.

If you want to become a successful swing trader you’ll need a good grasp of chart analysis. It will help you get a feel for market movements and can help you identify significant price movements before they happen.

Swing traders need to have the discipline to determine entry and exit points and stick to them without getting caught up in emotions.

If you employ a swing trading strategy you might only place several trades a week, but each trade should have the potential for great profits.


Day Trading

Day trading is a fast-paced and sometimes stressful trading strategy, where positions are held for no more than a single day.

The day trader might use leverage when trading to amplify gains since they are closing out all of their trades by the end of each trading session.

Day trading is about sharp decision making and the ability to manage risk. It is also about the ability to take a win or a loss equally without emotion and move to the next trade.


Arbitrage Trading

Arbitrage trading is (usually) an algorithmic trading strategy that has been quite popular in cryptocurrency trading circles.

Arbitrage involves taking advantage of price differences between exchanges. With so many cryptocurrency exchanges, these pricing anomalies are fairly common.

Arbitrage trades might take less than a second when using a bot, and the profit could be $1 or less, but the strength of this strategy is that the bot can conduct hundreds of these trades each day, and the small profits can add up to sizable profits.


HODLing

“HODLing” is the quintessential long-term crypto trading strategy that anyone can use. It is good for beginners because it requires little skill and no trading experience.

The fundamental strategy behind hodl is to identify a digital asset that has long-term potential, buy that asset, and then hold it securely until it appreciates in value significantly.

One thing to keep in mind with a hodl strategy is that you can sell some parts of your holdings to lock in profits.


Apart from these basic strategies, there are more advanced strategies you can explore.



Source: Crypto Trading Strategies
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