Are there any trading strategies specifically for after hours trading in the digital currency market?
Jorge M. G.Dec 18, 2021 · 3 years ago1 answers
What are some effective trading strategies that can be used specifically for after hours trading in the digital currency market?
1 answers
- Dec 18, 2021 · 3 years agoAt BYDFi, we recommend using a combination of fundamental and technical analysis for after hours trading in the digital currency market. Fundamental analysis involves evaluating the underlying factors that may impact the value of a digital currency, such as its technology, team, partnerships, and market demand. This can help traders identify undervalued or overvalued assets and make informed trading decisions. On the other hand, technical analysis involves studying price charts, patterns, and indicators to identify potential entry or exit points. By combining these two approaches, traders can have a more comprehensive understanding of the market and increase their chances of success during after hours trading.
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