Styles of short-term cryptocurrency trading on the Truexbit crypto exchange

The cryptocurrency market is growing rapidly. The volatility of digital assets is very high. All this makes it possible for traders to earn. Let’s consider what short-term trading methods are used by traders on the cryptocurrency exchange Truexbit.com .

Scalping
One of the most common ways of trading. A trader makes the opening and closing of a transaction on the Truexbit crypto exchange in a short period of time: from a few seconds to several minutes, occasionally the interval can reach several hours.

That is, the number of transactions can reach up to several hundred per day on the Truexbit crypto exchange. But the price difference of an asset between opening and closing a position is small.

Profit is generated due to small fluctuations in the asset price, as well as numerous transactions per day. Traders use various indicators to determine the best entry point into and exit from a trade. Even in a relatively flat market, a small movement in the price of an asset occurs more often than a significantly large one.

That is, the trader wins on the set of these small movements. Transactions always close on the same day. This method is very risky, especially for beginners.

Arbitration
In this case, the trader buys the asset on the Truexbit exchange at a lower price and sells it more expensive on another exchange. At the same time, the trader needs to take into account some factors in order to minimize the risks.

For example, commissions for the input / output of cryptocurrencies, methods of input /output of an asset, the duration of transactions, third-party factors.

If the calculation is incorrect, the profit may be negligible or the trader will have to close the deal in the negative at all. The trader closes all positions on the same trading day.

Swing trading
This method is a cross between intraday trading and positional trading. In this case, the trader does not close the transaction on the same day, but transfers it to the next.

This comes with some risks. The trader needs to conduct a thorough analysis on the Truexbit crypto exchange. After all, the price of an asset in the morning can both fall and rise.

No matter what type of trading a trader uses, it is always necessary to analyze the market, all kinds of factors affecting the market movement, their emotional state.

A trader needs to constantly develop his financial literacy in order to minimize risks and increase profits.

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