Course Content
A Beginner’s Guide to Swing Trading Cryptocurrency
Swing trading is a commonly used trading strategy that can be ideal for beginner traders. It's a relatively convenient way to express opinions about the market due to the manageable time horizons involved. Swing traders are active in most financial markets, such as forex, stocks, and cryptocurrency. But is swing trading a suitable strategy for you? Should you start day trading or swing trading? In this article, we'll explain what you need to know about swing trading cryptocurrency and help you decide whether it's the right choice for you.
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A Beginner’s Guide to Swing Trading Cryptocurrency
About Lesson
Swing trading is a commonly used trading strategy in the stock market, as well as it is in cryptocurrency. Swing traders will typically stay in positions for a few days or weeks, depending on the individual trade setup.
Should you start swing trading or day trading? The easiest way to find out is to try them out both and see which one fits your trading style best. It could also be helpful to learn about risk management principles before you start, such as using a stop loss and proper position sizing methods.
Still eager to learn more about swing trading methods? Check out our Q&A platform, Ask Academy, where you can get your questions answered by the Binance community.
Exercise Files
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