Bitcoin trading strategy

 Bitcoin: How to choose a trading strategy

Choosing the right trading strategy is the key to success. There are many strategies, but you should only use one or two, as it can be confusing to focus on different...

In the user's guide, we have described a few strategies that you can choose from. You can also develop your own strategies. 

The right strategy depends on the time horizon you want to operate in. Therefore, you should first decide whether you want to work with longer or shorter time horizons. 

You can choose higher leverage with a shorter time horizon, for example by using cash flow strategies. Choose the one that suits you best and start looking for contributions to that strategy.

You can trade many alternative currencies on By bit. If you keep looking through them, you will surely find an entry that matches your preferred strategy. 

Some traders just wait for the perfect opportunity in Bitcoin and ignore the other coins..... it's up to you.

Find your style

As I mentioned earlier, there is no need to use more than one strategy, as it can be confusing and you can find a trading opportunity almost any time. 

The trading style depends on many details, for example, your free time, your risk tolerance, your trading plan, etc. Over time, you will understand your needs and expectations and see what the market has to offer. 

In this way, you will also discover what your trading style is: are you a swing trader, a day trader, or a scrapper? Time will tell.

If you are a conservative player, you will probably start as a swing trader with lower leverage and a longer time horizon. There is no rush, you have time to learn and patience.

 You prefer to wait days or even weeks for a single trade to make sure it will be a winner. You are the "I don't want to risk my money" type and you are absolutely right. 

Money is important in life and you earn it through hard work..... it should be appreciated!

If you like to take risks but have a long-term plan in mind, you should try day trading. Choose a strategy from the user guide, set average leverage, and start analyzing the chart. 

You know that there are many trading opportunities during the week and you are ready to take them. You just need one more confirmation that you can combine 2 strategies to find your entries. 

You are smart and wise enough to understand the nature of the crypto-currency market, and that's great.

If you are a carpe diem nut, you should definitely go for scalping. You like to have fun and life is a gamble for you, right? The crypto-currency market will become your new playground. 

Scalping is very risky, which is exactly why you love it. Sitting in an open space for days is too boring for you. Win or lose the trade in a few minutes and look for the next one in the meantime. Money comes and goes easily, so let's play!