Six Cryptocurrencies Suitable for Position Trading

Is position trading profitable? The answer to this question is yes. This strategy made the top 25 highest-earning hedge fund managers generating $17 billion in profits in 2017. Position trading involves hodling of positions or crypto assets for an extended period, usually months or years. Position traders ignore short-term price movements to profit from longer-term trends. This trading technique is suitable for various trading markets ranging from cryptocurrencies, stocks, bonds, commodities to forex. In the crypto-verse, the strategy has seen…

Looking to Profit From Cryptocurrencies? Here are the Best Trading Styles to Use

Several styles of cryptocurrency trading can be distinguished through the time frames within which single trades take place. For instance, you can trade daily such that you collect smaller profits over time or use a long-term market movement to enter positions instead of holding. The specific trading style to select will depend on your personality, how you like to trade, lifestyle, the time you can spend on trading, and your goals. That said, different trading styles have certain advantages over…