Crypto Day Trading Tutorial

Is It Possible to Day Trade Bitcoin?

How to Day Trade Cryptocurrency

  • Range trading requires traders to pay attention to the candlesticks in order to identify support and resistance levels. All trading movements are based on the analysis of what areas are oversold and what are overbought.
  • High-frequency trading is a method build on math algorithms. It is performed with the use of trading bots and other automated tools. This type of trading seems convenient from afar, but it is more challenging to execute. Furthermore, the algorithm requires intense monitoring and regular adjustments and tests to cope with the changes that always happen in the market.
  • Scalping is another method used in day trading. It is all about making a profit of rapid changes in cryptocurrency prices. Leverages usually boost results here, but risk management strategies are used too. Additionally, margin requirements should be taken into attention. This technique is high-risky, and traders have to react quickly while using it.

Which Crypto Coins Are Good for Day Trading?

  • Bitcoin
  • Tron
  • Binance Coin
  • Tether

What Percent of Day Traders Are Successful?

Conclusion

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