How to do Technical Analysis for Cryptocurrency Trading on BYDFi
As the popularity of Bitcoin and other cryptocurrencies grows, so does the number of traders in the crypto market. Cryptocurrencies' high volatility allows traders to make good money on price fluctuations, but relying solely on luck or intuition in trading is a bad idea. A trader needs to analyse the market constantly. Fortunately, there are several methods of market analysis available today. One of these methods is cryptocurrency technical analysis. Charts really are the 'footprint of money'. - Fred McAllen, Charting and technical analyst.
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5 Easy Strategies for Beginners to Earn on Cryptocurrencies in BYDFi
If you're just making your first steps on the cryptocurrencies market you may benefit using these simple strategies.
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Top 10 Cryptocurrency Traders To Follow with BYDFi: Best TradingView Chart
There are dozens of highly skilled crypto traders freely sharing their ideas for you to learn from. You just have to know where to find them. Here, we’ve compiled a list of 10 top crypto traders to follow on TradingView who share their charts and knowledge on a regular basis. Remember: don’t just copy trades It’s never a good idea to copy crypto trades. You can’t possibly know all the nuances that go into someone else's setup. You also won’t manage the trade like the owner will. Traders are always going to have different ideas. Different time frames, setups and methods all lead to polarizing outlooks. Use the ideas of traders on TradingView as a point of reference – don’t just blindly follow. Watch and learn from the TradingView charts. See what has been done well, start to learn what works and what doesn’t. Use the trades of others to fuel your trading knowledge and become the best trader you can be. Take what you learn and apply it to your trading on BYDFi, whether you’re trading spot or margin.
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How to Trade Stablecoins Safely on BYDFi
The supply and overall volume of stablecoins has been on the rise recently — even more so with the newly found interest in digital currency of the U.S government. Earlier this year, the Federal Reserve announced that it was considering issuing its own digital currency. Federal banks have already been authorized to hold stablecoins in bank reserves. Who knows if a stablecoin called Fedcoin is coming on the way? Similarly, the European Central Bank might seriously study the possibilities of the digital euro by mid-2021 as well as ways to integrate it into the current Eurosystem. If a final decision is to take place by the governments, stablecoins are expected to boost the spread and efficiency of e-commerce and potentially reshape the current economy. Read on to discover why stablecoins are gaining so much attention, and how you can start trading stablecoins on BYDFi.
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5 Popular Crypto Day Trading Strategies - Can I Make a Living by Day Trading Cryptocurrency with BYDFi
As a trader, you can choose between a variety of trading strategies. While some are suitable for short-term earnings, others offer better long-term investments. However, if you are interested in minimal investments and short-term results, you should consider day trading. Day trading isn’t a new concept, per se. It has been around in financial markets for decades now. More importantly, day trading is broad in that you get to deal with various assets, including but not limited to stocks, forex, and cryptocurrencies. However, day trading with crypto is not as simple as it seems. It would be best to consider a few aspects before starting your cryptocurrency day trading hobby or career. In this handy guide, We want to help users to understand the basics of day trading in the context of crypto trading.
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How do Swing Traders Make Money in BYDFi
Trend trading and day trading could easily be the most popular trading strategies out there. Across the world, in different markets, thousands of traders are involved in both. However, something that does not quite get the reputation it should is swing trading. The fundamental trading strategy can potentially generate a lot of profit and works with a multitude of asset types. Cryptocurrencies are the kind of assets you can swing-trade. In this guide, we have explained the basics of swing trading in the context of the crypto ecosystem. We hope this helps you get the required jump-start in the domain.
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How To Short Crypto in BYDFi
Were you left wondering how to keep profiting when cryptocurrency markets entered their recent correction phase? Look no further and learn how various crypto shorting strategies can help you hedge risk while significantly improving profit opportunities. So let’s get you started on how to short cryptocurrencies like Bitcoin and Ethereum, or even Dogecoin.
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Trend Trading Strategy with BYDFi
Have you tried a trend trading strategy that goes like this? You identify an uptrend. You go long. The trend reverses — and you get stopped out. Then you start wondering… “Is the trend really my friend? If so, why do I keep getting stopped out?” Here’s why: A new trader looks for a trend and enters a trade. But… A seasoned trend trader looks for a specific type of trend, stalks the best entry, let the market comes to him — and then enters a trade. Now if you want to trade trends like a pro, then this trend trading strategy guide is for you.
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How to Trend Trade Crypto for Beginners in BYDFi
Capturing gains by riding the momentum of market trends takes on a whole new meaning in the world of cryptocurrency. Yet tried and true strategies have many crossover points between traditional and crypto trading. In this article, you can learn the fundamentals of trend trading and see how they apply to digital assets like Bitcoin.
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