Which strategy is more effective for trading cryptocurrencies, market or market on close?

3 answers

• Dec 25, 2021 · 3 years ago
  Both market and market on close strategies have their own advantages and disadvantages when it comes to trading cryptocurrencies. The market strategy allows traders to execute trades at any time during market hours, providing flexibility and the ability to react quickly to market movements. On the other hand, the market on close strategy allows traders to execute trades at the closing price of the market, which can be beneficial for those looking to capture the overall market sentiment. However, it's important to note that the effectiveness of these strategies can vary depending on market conditions and individual trading goals.
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• Dec 25, 2021 · 3 years ago
  In my experience, the market strategy tends to be more effective for short-term trading, especially for day traders who rely on quick execution and taking advantage of intraday price fluctuations. On the other hand, the market on close strategy can be more suitable for longer-term investors who are looking to capture the overall trend of the market. It's important to consider your trading goals, risk tolerance, and time horizon when deciding which strategy to use.
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• Dec 25, 2021 · 3 years ago
  According to a study conducted by BYDFi, the market strategy has shown to be more effective for trading cryptocurrencies compared to the market on close strategy. The study analyzed historical data and found that traders who used the market strategy had higher average returns and lower volatility compared to those who used the market on close strategy. However, it's important to note that individual results may vary and it's always recommended to do your own research and consider your own risk tolerance before implementing any trading strategy.
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