Cryptocurrency knows many different trading strategies to execute a successful/profitable trade, one of the easier and common seen strategies that will cover here is ‘swing-trading’.
Swing trading is a style of trading where technical analysis is the most important aspect. Unlike day-trading or hodling your shares, a swing trader keeps hold of his assets for a couple of days to multiple weeks in an attempt to make profits in a short to medium timeframe.
A swing trader makes investments based on the potential risk & reward. The goal is not to wait for your shares to have ten-folded in price. Instead, the idea is to set yourself up for a smaller amount of profit than the predicted price range. When profit has been made and you have successfully executed your trade, continue analysing the charts and look for the next profitable entry.
This guide will cover how to get started on Binance, 2-FA protection and more handy things to know before getting started trading. What is binance? Binance
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