Translation results Crypto Asset Trading Strategy
icon search
icon search

Top Performers

Translation results Crypto Asset Trading Strategy

Home / Articles and Tutorials / judul_artikel

Translation results Crypto Asset Trading Strategy

Capture 1

Table of Contents

Crypto Asset Trading Strategy

In crypto asset trading, there are various strategies that you can use and you choose to be your strategy for profit.

As we know, nowadays someone wants to earn extra income, one of the simple activities that can be done and have the potential to provide instant profits is to trade.

Actually, the trading principle is simple, namely buy when it’s cheap and sell when it’s expensive. The strategy is simple and can make you profit.

What is Trading?

Trading is an activity of trading investment instruments in a short period of time. Trading activity is also a trading activity that can provide profits in a short time span. Even so, it takes precision and knowledge and you must know the risks for traders before jumping into the world of trading.

After we know what trading is, let’s see what strategies you can use in trading crypto assets below.

Daily traders

This Day Trader is trading on a very short timeframe, and it is common to hold a crypto asset for only a few hours or even a few minutes. Usually this Day Trader makes instant profits. If you want to become an instant trader then you have to analyze the graph of the development of your crypto assets.

Swing Trading

If you like to take advantage of the ups and downs of price movements within a week or even a month then you use the Swing Trading strategy. The way to do this Swing trading is that you buy the price of crypto assets when they are low and sell crypto assets when they are high.

Utilizing technical analysis and fundamental analysis is something that is very important for trading, usually swing trading takes advantage of it. Swing trading requires quite a bit of patience because you have to be diligent in monitoring market movements every time.

Scalping

Scalping is more suitable for use if you choose crypto assets with a large volume, usually this technique is done by those of you who already understand crypto assets in depth because detailed knowledge is needed. If you are good at predicting the market, then you are a trader with scalping techniques.

Remember, this trading technique must be focused and alert in 1 to 15 minute intervals and this technique is risky but a quick choice if you want to make a profit in trading crypto assets.

HODL Traders

Are you familiar with the word HODL? Well, HODL trading is a strategy where you buy crypto assets for a very long period of time. It could be months or even a year. In this strategy you just focus on fundamental analysis to choose which crypto assets you want to keep for a long time, for technical analysis usually these HODL traders rarely monitor market movements and rarely monitor their asset portfolios.

Remember, all types of trading strategies that you use must use unused money, yes, not kitchen money! Never stop to learn and get to know more about crypto assets and the blockchain world, you can learn at Indodax Academy.

So, which trading strategy do you like to use? Just use the strategy you chose at Indodax.

Was this article helpful?

Rate this article

You already voted!
Related Articles

Find more articles based on your favourite topics.

INDODAX Market Signal July 31, 2023 Update
04/09/2023
INDODAX Market Signal July 31, 2023 Update

Find the latest analysis on Indodax Market Signal on July 31, 2023. Let’s learn about market trends and maximize your investment potential. Read now!

04/09/2023
Adventure Gold (AGLD) Token Now Available on INDODAX!
01/08/2023
Adventure Gold (AGLD) Token Now Available on INDODAX!

The original ERC20 Adventure Gold (AGLD) Token will officially appear on INDODAX! Don’t hesitate, let’s check it right now and get multiple benefits from this crypto asset!

01/08/2023
Rocket Pool (RPL) Coin Now Available on INDODAX!
01/08/2023
Rocket Pool (RPL) Coin Now Available on INDODAX!

Rocket Pool (RPL) Coin will be coming soon to INDODAX! Immediately check the asset info now and get multiple benefits in the following article.

01/08/2023