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Best Crypto Trading Strategy

  • Thread starter Thread starter GoldenLady
  • Start date Start date

GoldenLady

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Many cryptocurrency traders have their tried and tested method of buying and selling that they swear works.

Some believe simple price action is the best, while others use complicated ones like Fibonacci, weighted moving average and lots more.

What strategy is best for trading cryptocurrency?
 
I only take the price action in to consideration nothing else for now. I'm still new to trading though.
 
I don't really have a strategy but what I like best is using candle stick and also use 1 hour to 4 hours timeframe for my forex trading
 
Enxx said:
I don't really have a strategy but what I like best is using candle stick and also use 1 hour to 4 hours timeframe for my forex trading
Click to expand...
I've never tried using that timeframe, although I'm not a forex trader just a casual crypto trader.
 
I'm yet to try day trading for now. I just buy when it is low to sell when it is high but wouldn't mind to do more.
 
Start with a small amount and gradually increase your trading volume. Learn the difference between trading and gambling.
 
Lunatyc said:
Many cryptocurrency traders have their tried and tested method of buying and selling that they swear works.

Some believe simple price action is the best, while others use complicated ones like Fibonacci, weighted moving average and lots more.

What strategy is best for trading cryptocurrency?
Click to expand...
The best strategy for a beginner is just to hold the coins and wait because most of the time holders are the winners.
 
I am not a fan of many indicators but I narrow my strategy to using just two indicators. Basically I use the EMA and the RSI
 
Lens said:
I am not a fan of many indicators but I narrow my strategy to using just two indicators. Basically I use the EMA and the RSI
Click to expand...
I trade on Binance and I make use of Bollinger Bands. It seem to be very easy for me.
 
I heard about Bollinger bands in forex too and wasn't aware if they are useful in crypto trading
 
Salt said:
I heard about Bollinger bands in forex too and wasn't aware if they are useful in crypto trading
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I never knew that they were in Forex
I was even thinking that they exist only in cryptocurrency
 
LOL I feel these are in almost all trading platforms so we may see these in stocks trading too and is for our understanding of the market
 
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