What is bitcoin cryptocurrency trading?
The process of buying and selling bitcoin and alt coins on the exchanges is bitcoin cryptocurrency trading.
Bitcoin Cryptocurrency Exchanges:-
There are serveral big exchanges to buy and sell bitcoin listed below:
- Cex.io
- Binance.com
- Bitfinex.com
- Bittrex.com
- Poloniex.com
Day Trading
Usually day traders close all their trade within 24 hours. for example, a trader buys cryptocurrency coin dated 28 June 2018 at 2:00 PM and sell it before 29 June 2018 at 2:00 PM either he is profit or loss. Day traders do not analyze any technical or fundamental analysis, they just buy it and sell it without analysing the market. There are more chances of loss in the day trading.
Swing Trading
Swing traders are the traders that on the basis of technical and fundament analysis, market news and volume of the market. He sells the cryptocurrency when he sees profit in it. for example, a trader buys cryptocurrency coin on Day 1 and see the profit on Day 1, he will sell it or it may sell days, weeks or even months. There are more chances of profit in the swing trading.
Bottom Line
Neither day trading is bad approach nor swing trading. It is personal preferrence of the trader.