How To Make $1000 A Day Trading Cryptocurrency

 18 months ago, I knew nothing about crypto but I am now at an advanced level. I believe that learning from a former beginner like myself would benefit you a lot since I understand every thought that goes within a beginner’s mind. I would be able to teach you everything from A to Z.

Through mentoring, we will teach you about everything that we have learned through our years of trading. That includes how to day trade, how to tell if a coin is a good investment, how to implement risk management, how to perform technical analysis, and much more!

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Unlike those basic financial gurus who are trying to sell a course, we will get straight to the point and provide you with the info that you need.

Crypto when mastered can be taken as a career

with the help of experts not only will you be able to trade with crypto but generate huge income along the line

Here Are The Top 3 best bitcoin trading strategies.

The best bitcoin trading strategy is one that is perfectly aligned to your own individual goals, risk appetite, and available capital. However, there are a few strategies that have become popular with bitcoin traders. These include:

HODLing

Perhaps the most famous bitcoin strategy is what is commonly known as ‘HODLing’ or ‘holding on for dear life.

The term was first coined in 2013, when bitcoin’s price was falling and a user incorrectly typed ‘holding’ rather than ‘holding’, to indicate he would not be exiting his position. It has since evolved to become a strategy that revolves around maintaining a long position on bitcoin, in the hope that it increases in price over the long term and returns to the peaks of 2020

However, bitcoin is notoriously volatile, which means that this strategy could result in losses. This is why the strategy is rarely recommended without a strict plan in place.

Hedging bitcoin

Individuals who already own BTC might consider hedging their bitcoin risk if they believed that there was going to be a short-term decline in the market price. Hedging is the practice of opening strategic trades to decrease or eradicate the risk to existing positions.

In this case, you’d hedge an existing holding by opening a position to short bitcoin, which involves selling the asset for the current market price in the expectation it will decline. If the market price did fall, you’d then buy it back for the lower price and profit from the difference. This would mean that any loss to your original bitcoin holding would be offset by the profit to your short bitcoin trade.

There are a few financial instruments traders can use to hedge their bitcoin exposure, but a vast majority of traders choose to hedge with contracts for difference (CFDs). As a derivative product, there is no obligation to own the underlying asset in order to trade. So, you wouldn’t ever have to sell your bitcoin to place a short trade, unlike with traditional short selling, which would involve borrowing bitcoin to sell.

Want to practice hedging bitcoin? Start building your strategy in a risk-free environment Learning from these experts

It is important to remember that there are significant risks if you decide to hedge your bitcoin using a short-selling strategy. This is mainly because there is an unlimited downside risk — when you sell a bitcoin, there is no constraint on the amount the market can move against you and how much loss you might incur as a result. So, it is crucial to have measures in place.

Trend trading bitcoin

A trending market is one that reaches consistently higher highs or lower lows. The strategy is suitable for different timeframes, as essentially you hold your position open for as long as you believe the trend will continue — whether this is hours, days, weeks, or months.

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For many, bitcoin itself is a trend. It experienced a huge surge in popularity in 2017, which caused it to reach a high of $19,763.50 in December that year. The driver of the trend was that people didn’t want to miss out on the new big thing, experiencing what is known as FOMO, or a fear of missing out. As such a popular market, it is vital that trend traders stay abreast of any news and events that might influence its price.

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