bitcoin cryptocurrency day trading and swing trading
What is bitcoin cryptocurrency trading?
The process of buying and selling bitcoin and alt coins on the exchanges is bitcoin cryptocurrency trading.
Bitcoin Cryptocurrency Exchanges:-
There are serveral big exchanges to buy and sell bitcoin listed below:
- Cex.io
- Binance.com
- Bitfinex.com
- Bittrex.com
- Poloniex.com
Day Trading
Usually day traders close all their trade within 24 hours. for example, a trader buys cryptocurrency coin dated 28 June 2018 at 2:00 PM and sell it before 29 June 2018 at 2:00 PM either he is profit or loss. Day traders do not analyze any technical or fundamental analysis, they just buy it and sell it without analysing the market. There are more chances of loss in the day trading.
Swing Trading
Swing traders are the traders that on the basis of technical and fundament analysis, market news and volume of the market. He sells the cryptocurrency when he sees profit in it. for example, a trader buys cryptocurrency coin on Day 1 and see the profit on Day 1, he will sell it or it may sell days, weeks or even months. There are more chances of profit in the swing trading.
Bottom Line
Neither day trading is bad approach nor swing trading. It is personal preferrence of the trader.
Good work bro...
I think this is the best time for buying bitcoin. Because now it's price is low. @uamir72023 You can join Steem Tuner Discord This community is helping new steemians a lot in many ways. Here you have a chance to win SBD by participating in contests like #weekly-curation-lounge,
#invitation-challenge,
#weekly-contest,
#3-days-contest,
#photo-contest,
#steem-tuner-live-contest, there is one more contest that might be interested to all of you, and this is #ulog-contest So don't miss this opportunity. .
Join Now in Steem Tuner Discord
Good information about crypto currency nice work
Great article sir
Thanks.
nice info bro keep posting.
Source
Generic comments could be mistaken for spam.
More information:
The Art of Commenting
Comment Classifications
Nice post
Intraday trading strategy nice
Nice post bro
@umair72023 Yes.. great you are right. !!
great work @umair72023