What you’ll learn
- News & Information based trading
- Momentum/Position Trading
- Day/Swing Trading
- How to use a Trading Journal
Trading crypto comes down to managing risk. Learn Crypto has dedicated seven previous articles to explaining why trading crypto is risky, with the previous article – looking at simple crypto trading strategies – underlining the importance of matching your risk appetite, experience, free-time and commitment to the appropriate type of crypto trading strategy.
For most beginners that should start with suggested simple trading strategies, using variations on Cost Averaging, which are relatively passive (so you don’t need to be constantly monitoring your trades and responding to changes in the market).
If however, you have the time, risk appetite and commitment, there are, of course, more complex trading strategies. The aim of this article is to introduce the main types – with the pros and cons – then introduce some general best practice for someone looking to begin active crypto trading such as keeping a Trading Journal.
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