Hi,
I’m trying my hand at swing trading cryptocurrencies. The volatility in the crypto markets seems perfectly poised for swing trading.
Would anyone like to share some successful strategies? Looking at ratios of cryptocurrencies or price in relationship to the dollar or euro? How often do you trade?
I’m trading on Kraken. What do you think about Kraken as an exchange (esp the rates)?
Any other advice?
(I can afford to lose the money I’m playing with. And I can login 1-2x/day to make trades)
Thanks!!
99% of my trades are coin-to-coin and it's much more profitable than coin-to-dollar.
About frequency - 1-2x/day logins is risky. If you can't login more often, then at least put a portfolio/price monitoring app at your phone. I'm following the market almost all the time I'm awake.
About exchanges - for some pairs I prefer smaller ones like Hitbtc and Cryptopia where you can have more 'control' over the order books.