A Beginner’s Guide to Cryptocurrency Trading Strategies
There are many ways to make money trading cryptocurrencies. A trading strategy helps to organize the relevant techniques into a coherent framework that you can follow. This way, you can continuously monitor and optimize your crypto trading strategy. When developing a trading strategy, there are two main schools of thought to consider: technical analysis (TA) and fundamental analysis (FA). We will distinguish between trading scenarios that different strategies are suitable for, but before we dive into this article, it is important to understand the differences between these concepts. There are so many different types of trading strategies that it is difficult to cover them all in detail, so we will focus on the most common ones. This article focuses on trading strategies for cryptocurrencies. However, such strategies can also be applied to other financial assets such as forex, stocks, options or precious metals such as gold. Want to tailor a trading strategy for yourself? This art...