common-close-0
BYDFi
Trade wherever you are!

What are the trading session strategies for maximizing profits in crypto?

avataradasDec 28, 2021 · 3 years ago1 answers

Can you provide some effective trading session strategies that can help maximize profits in the cryptocurrency market?

What are the trading session strategies for maximizing profits in crypto?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, recommends a trading session strategy called 'scalping'. This strategy involves making multiple small trades throughout the day to take advantage of small price movements. Traders using this strategy aim to profit from short-term volatility in the market. However, it requires quick decision-making and constant monitoring of the market. It's important to note that scalping may not be suitable for all traders and comes with its own risks. Traders should carefully consider their risk tolerance and trading style before implementing this strategy.