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RE: Steemit Crypto Academy Contest / S3W4 – Cryptocurrency Trading by @jasminemary

in SteemitCryptoAcademy3 years ago

Cryptocurrency trading is simply the act of buying digital asset when it's low and sell it when it's high for profit.

This for beginners, with future trades you can make profit when the market is falling. You enter sell position and so far as the asset price is falling you keep making profit.

Scalper trader is what I am. As a scalper trader in the crypto market,

Well I also do scalping trading sometimes because I have background knowledge on technical analysis. I mostly do this when I need money urgently. Spot trading opportunities and make little profit from market fluctuations. I prefer swing trading, where you will keep your assets for long term.

Also I had learned how to be patient enough in the crypto market since whatever coin that fails will surely bounce back.

Yeah, with cryptocurrency trading you need a lot of patience. The market is volatile and so when to fall it will definitely rise again, you just shouldn’t depend largely on crypto trading for your survival. Your emotions will let you make hasty decisions.

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