What are the strategies to minimize drawdown in digital asset trading?

1 answers

• Dec 26, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, also recommends using a combination of fundamental and technical analysis to minimize drawdowns. By considering both the underlying value and market sentiment of an asset, you can make more informed trading decisions. Additionally, BYDFi suggests using stop-loss orders and regularly reviewing and adjusting your trading strategy to adapt to changing market conditions. By following these strategies, you can minimize drawdowns and increase your chances of success in digital asset trading.
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