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Author Topic: What is the best way to profit from trading only one cryptocurrency pair?  (Read 2634 times)

Offline satpol_PP

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Re: What is the best way to profit from trading only one cryptocurrency pair?
« Reply #45 on: September 10, 2024, 11:30:29 PM »
For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
- opening multiple positions?
- or trading with high leverage?

(I know trading with low leverage and exercising patience can still be profitable, but that is not an answer I am expecting to see.)
Cryptocurrency trading is very risky if we not huge knowledge about it. I think before start cryptocurrency trading need gather proper knowledge about it. Without proper knowledge anyone can't success or profit from cryptocurrency trading.

I i think when we saw up market then we can scalping and when we saw down market then we can follow DCA method. I think this is good method. I success several times by following this method.

Isn't it true that the high risk has a greater profit than the low risk, but the potential for loss is also greater. So trading is indeed high risk but we can get daily profits if we do daily trading. The risk of loss is also high because the crypto market is volatile and unpredictable.
The scalping method when the price goes up is indeed profitable, I also do it and buy when the market is down sometimes I also use DCA for the profits from trading.
Yes you told perfect i also think that. I want to tell about future trade. But it was my missing to disclose properly. But still now i believe future future trade is risky. And i think in down market DCA os best method. If anyone follow DCA method properly, when market will up then it will be very profitable there has no doubt. I think you understand which i want to tell about risk. Thankyou.
I read your opinions, it seems I agree with the DCA method, because by buying gradually before the bullish season we will get profit and add to our coin collection and we can sell it during the bullish season Scalping when the market starts to strengthen is a method that is often used. And I get profit from this method.

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Re: What is the best way to profit from trading only one cryptocurrency pair?
« Reply #45 on: September 10, 2024, 11:30:29 PM »

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Offline pieppiep

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Re: What is the best way to profit from trading only one cryptocurrency pair?
« Reply #46 on: September 11, 2024, 08:22:23 AM »
I read your opinions, it seems I agree with the DCA method, because by buying gradually before the bullish season we will get profit and add to our coin collection and we can sell it during the bullish season Scalping when the market starts to strengthen is a method that is often used. And I get profit from this method.
Yes, DCA is the right way for those of us who do not want to take huge risks and be too worried about the price swings. The aim is to buy in stages before the beginning of the bullish phase so that it is possible to accumulate assets carefully as well as benefit from cheaper prices. Then, when the bullish season comes, it is just a matter of reaping the rewards.

 It is also good to scalp when the market is strong, especially when you are capable of reading directional movements. Small gains from day trading are rather enticing and rewarding but you still must remain disciplined so that your feelings don’t control you when deciding. The key here is to continue analyzing the market and fine-tune the operations on the basis of existing conditions.

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Re: What is the best way to profit from trading only one cryptocurrency pair?
« Reply #46 on: September 11, 2024, 08:22:23 AM »

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