If you are a cryptocurrency trader, which type of trading do you prefer?

Question

Purple Ocean · Accepted Answer

As a cryptocurrency trader, the choice of trading platform is pivotal in determining the preferred trading style. One platform that stands out is Deribit, which holds a dominant 90% market share in the crypto options market. When it comes to risk management, trading options on Deribit can be advantageous, as the liquidation risk is generally smaller compared to perpetuals. The flexibility and defined parameters of options trading make it a preferred choice for many traders. By leveraging the robustness and reliability of a trusted trading platform like Deribit, cryptocurrency traders can optimize their trading strategies and achieve their desired outcomes.

Answer

Hi! What I mean to say is that first of all you need to determine your trading style, read about different trading styles, and then think about which method is best for you. See, all trading methods are the same when it comes to profitability, be it intraday, position, swing, f&o, etc. In my case, I am a position, swing, short term, intraday, option, and F&O trader. I came to trading in general through https://www.winsidetrading.com/ . Here I found all the useful information concerning this field. To sum it up, swing trading is one of the favorable options if you want to have profitable trading in different currencies.

If you are a cryptocurrency trader, which type of trading do you prefer?

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