Hi! everyone all over the world, as usual ! all of you know's, I always carry you along with any information about good crypto related projects through my blog.
INTRODUCTION:
Millions of new investors began trading cryptocurrencies. Of course, as with any investment vehicle, there are many different trading strategies, so it’s important to identify which one suits you best.
To be successful in the world of cryptocurrency trading you must know the market very well, but above all, you must know yourself. Perhaps this is even more important than knowing the market, and your future in the world of crypto may depend on this level of self-honesty.
In general, there are four types of cryptocurrency traders based on the time they take between the opening and the closing of an operation (between buying and selling or vice-versa). You can combine two or more strategies, but the important thing is to know how to distinguish them and the differences in each one. From shorter to longer times, the types of trading are:
Scalping:
Scalping is a type of cryptocurrency trading which is based on buying and selling almost instantly. It is perfect for those looking for a fast trading style. The scalper does not take his eyes off the screen, seeing the variations in real time. These trades typically don’t last more than 5 minutes.
This type of trading requires a lot of leverage to obtain considerable profits, and it involves opening and closing many operations on the same day. The idea is to bet a lot of money to get very little profit but in a brief time.
The analysis of trends is not very important in this type of trading because short-term predictions are less accurate. If you are a scalper, you must know how to make quick decisions. You cannot “get attached” with a coin, and you must be very strict with your limits of Take-Profit and Stop-Loss.
Day Trading:
Day trading is a short-term trading strategy that consists of opening a few positions at the beginning of the day and closing them at the end. This way, there is a greater range of action and a quieter period of operation, controlling the risks of leaving a trade open for a few days and suffering a change of trends by an unexpected event. i.e., if you live in the United States and leave a position open, bad news from Asian governments may cause a fall while you sleep. In the same way, some good news may generate an increase, but at the end of the day, what matters to the Day Trader is having control over the information.
The most common candles daytraders operate with are candles from 15 to 30 minutes. Sometimes they observe 4-hour behaviors to see if their trading is part of a trend.
They use indicators and technical analysis. The most recommended ones are the MACD and the RSI.
Swing Trading:
This is the most common type of trading in the cryptomarket. Generally, because of the significant volatility of altcoins, traders buy a currency and then change it to USD, BTC or ETH only to buy another altcoin and thus maintain their wave of profit (most altcoins are quoted mainly against Bitcoin).
Swing trading cryptocurrencies consists of opening trade and leaving it for a reasonable period of time, from hours to several days. They generally use candles from 12 hours onwards with other essential indicators. One that is not usually missing is the volume of the market. The use of technical analysis is of great importance.
The most common indicators are the MACD, RSI, Stochastics, however many prefer to use other signs that provide a more general view of market behavior: Fibonacci Regressions, Gann forks, Bollinger, EMAs, etc.
Position Trading:
Position trading is a trading strategy that is more “investment” than “trading.” It consists of opening positions and leaving them for several weeks to years. It requires extensive knowledge of aspects beyond the technical ones. Long-term investors are willing to take a significant amount of risk in favor of the possibility of making a considerable amount of profit.
An in-depth study is necessary to know the reliability of each move that is made, for this reason beyond the technical analysis, traders must continuously apply fundamental analysis studies.
The most common candles studied go from 1 day to 1 month depending on how willing investors are to maintain their position.
But above all, as serious as the trading world may be, make sure you enjoy your trip.
In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called: SUNXCOIN
WHAT IS SUNXCOIN?
SUNX (XNS) Is a Smart Blockchain Crypto-Fiat Exchange platform, designed to create wealth (Investment, Trading, Staking, Company Dividend and affiliate Program) with low transaction charges as well as a smooth and immediate transaction with more than 100 countries to benefit from SUNX visions and mission. Every investor is entitled to 3-10% of every gain incurred monthly from the transactions charges if a trade is carried out using the SUNX app. Monthly percentage (%) dividend are entitled to SUNX (XNS) holders.
ABOUT SUNXCOIN
SUNX (XNS) goal is to make sure every individual can make quick transactions in the comfort of his or her hood to achieve our sustainable vision is by solving the following issues. Low return on investment; SUNX (XNS) will create effective trading, investment, crytocurrency/Fiat exchange program with a mission to empower people financially by given returns up to 20% invest via our advance algorithm and application usage.
Sunx (XNS) is a smart blockchain Exchange platform designed to create wealth(Investment, Trading, Staking, Company Dividend and affiliate program) with a low transactions Charges and as well a smooth and immediate transaction with more than 100 countries to benefit from SUNX visions and mission. Every investor is entitled to 3-10% of every gain incurred monthly from the transactions charges if a trade is carried out using the SUNX app. Monthly percentage (%) dividend are entitled to SUNX(XNS) holders.
Every investor is entitled to 20% of every profit incurred monthly from the transactions charges if a trade is carried out using the SUNX app.Monthly percentage (%) bonuses are only entitled to SUNX holders of 100 XNS or above.Transaction Breakdown Volume MonthlyXNS Trade Volume 1:$10,000,000$1,000,000 from company profits, $200,000 will be shared with the SUNX investors.XNS Trade Volume 2:$100,000,000$10,000,000 from company profits, $2,000,000 will be shared with the SUNX investors*XNS Trade Volume 3:$1,000,000,000$1,000,000,000 from company profits, $20,000,000 will be shared with the SUNX investors.
SUNX (XNS) will initialize the top coin in the crypto market Trade i.e. you buy bitcoin, Ethereum or bitcoin cash with flat money (USD, EUP, GDP among others currency) and sell your BTC, ETH and BCH to your local bank accounts almost instant (within 30 minutes). Since the main objective of SUNX (XNS) is to be a reputable and a trustworthy exchange platform, where smooth and a faster exchange transactions will be done for organization and individuals to relate to our protocol, Development of XNS Exchange for trading Bitcoin, Ethereum and bitcoin cash (More token will be added in the future) to cash in your local currency. Which will be almost instant. A trader has the options to trade with the Peer to Peer Exchange or SUNX direct.
SUNXCOIN TEAM AND ADVISORS BOARD
SUNXCOIN ROADMAP
SUNXCOIN ICO ANALYSIS
The ICO is a natural supplementary funding source to further accelerate the development and global adoption of the SUNXCOIN PLATFORM
SUNXCOIN TOKEN ANALYSIS
The XNS Token will be a store of value, for every XNS you hodl, you receive 20% of every profit incurred monthly from the transactions charges if a trade is carried out using the SUNX app. you can also stake the XNS token.
Token Symbol »» XNS
Price »» 1 XNS = 0.40 USD
Bonus »» Available
Platform »» Ethereum
Accepting »» ETH, BTC
Soft cap »» 500 ETH
Hard cap »» 5000 ETH
CONCLUSION:
Thanks to Blockchain Technology and SUNXCOIN Platform for introducing better and incomparable ideas in the World Crypto.
For more information about this project, please! follow the link bellow » » »
★WEBSITE: https://sunxcoin.com
••BITCOINTALK USERNAME: Dprince2281
••BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1907552;sa=summary
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AUTHOR: Dprince2281