The crypto market is growing, and many new projects come to it and bring something new to the industry as well as more opportunities for making a profit for investors. Trading is not all about buying and selling assets at a higher price – there is a deeper and more complex essence. Trading cryptocurrency implies knowing the market and what affects it, knowing how to use different trading strategies, when it is the best time to use them, what tools are suitable for this or that strategy, etc. Experienced traders make a profit even on a downtrend.
If you want to learn about this industry in detail, we suggest you read the White blog. It is a resource with loads of interesting articles, educational material, charts, guides, etc. It will help both novice and advanced traders. Beginners will find the basic skills, while experienced users will discover more details on trading complex strategies and tools.
Now let’s switch to cryptocurrency trading strategies.
Here are the most popular trading strategies:
- Scalping
- Range Trading
- High-Frequency Trading
- News and Sentiment Analysis
- Arbitrage
- Technical Analysis
We suggest discussing one of the most popular strategies – scalping.
Scalping
Following this strategy, users receive many small portions of profit during the day. It may be up to hundreds of small wins a day, which together form a significant amount.
Scalping is a strategy that allows receiving a profit as fast as possible. Thanks to high liquidity, traders use every price fluctuation to buy cryptocurrency and sell it many times a day. Trades may occur within minutes or even seconds. Of course, they can also last for hours.
This strategy implies that you monitor the market situation and the news background, finding out what can affect the asset’s price and then capitalize on the asset’s trading volume growth. Trading bots help monitor the market situation thoroughly and not miss out on any chance to make a profit. You can try this strategy on the cryptocurrency trading platform WhiteBIT. Automated bots are included, so you can configure them in your account.