What is the best easy trading strategy for cryptocurrency beginners?

3 answers

• Dec 16, 2021 · 3 years ago
  As a beginner in cryptocurrency trading, it's important to start with a simple and easy trading strategy. One popular strategy is called 'buy and hold'. This strategy involves buying a cryptocurrency and holding onto it for a long period of time, with the expectation that its value will increase over time. This strategy is often recommended for beginners because it requires minimal effort and research. However, it's important to do your own research and choose a cryptocurrency that has a strong potential for growth.
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• Dec 16, 2021 · 3 years ago
  If you're a beginner in cryptocurrency trading, a good strategy to consider is dollar-cost averaging. This strategy involves investing a fixed amount of money into a cryptocurrency at regular intervals, regardless of its price. By doing this, you can take advantage of the price fluctuations in the market and potentially lower your average cost per coin. This strategy is often recommended for beginners because it helps to reduce the impact of market volatility and allows you to gradually build your cryptocurrency portfolio.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, suggests that beginners should start with a strategy called 'copy trading'. This strategy involves copying the trades of successful traders on the platform. By following the trades of experienced traders, beginners can learn from their strategies and potentially make profitable trades. Copy trading is a great way for beginners to get started in cryptocurrency trading without having to spend a lot of time learning technical analysis and market trends. However, it's important to choose the traders you copy carefully and diversify your portfolio to minimize risks.
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