Cryptocurrency trading attracts more and more people. However, it is not an easy task to reach success in this field and earn crypto. Trading is not just about buying and sell cryptocurrency at a higher price – it is a science, meaning that a serious approach and learning are the key to success. Some crypto trading live strategies imply generating income on the dropping market, speculation, forecasting, etc. Every trader’s movement is taken from in-depth knowledge of what he is doing and a strong base of analytical information and research.
Before buying a cryptocurrency, it is necessary to research the market comprehensively and determine promising assets. Many crypto projects conduct efficient marketing campaigns to raise investors. Still, you should not be guided only by their promises – remember, crypto investment is risky. You should not make any decision until you analyze a project’s potential on your own. Then you will not find yourself in a trap in the end. We would like to talk about how to earn crypto in this market and give you some simple and crucial recommendations. Interested? Keep on reading.
How to Trade Cryptocurrency?
Crypto rates change rapidly, and there is no rule they follow. Check out any crypto chart, and you will see how price changes during the day and over a longer period – months, years, etc. Due to those price changes, traders purchase and sell cryptocurrency and generate income. Traders who operate large amounts use automated programmes. Bots can are set according to the user’s needs – a trader sets the level of price at what a bot needs to buy or sell crypto assets automatically. Bots allow for generating income from even the smallest market fluctuations without missing out on profit opportunities during the day.
Based on rates fluctuations, these practical trading methods have been developed:
- Arbitrage
- Intraday trading
- Swin
- Scalping
- Position trading.
The above methods differ in the time frame in which they open and exit the market. Some are intensive, meaning that many trades are closed in one day (day trade), while others (swing and position) mean holding coins for a longer period without selling them.
To learn these strategies in-depth and understand how to earn crypto, visit the WhiteBIT blog. The exchange also allows practising demo trading using demo tokens.
