Ask Leo is day trading a strategy to adopt as the cryptocurrency market is fluctuating?

Day trading in a time like this seems to be a very good investment skills that traders can emulate and use to achieve their short term investment goals
Day trading can be very profitable and can practice under any market conditions but it is very important to apply the right amount of experience,
Day trading can be defined as a stye of trading in which traders open and close positions on the same day. Day trading strategies involves you as an investor to be more active and it's require traders to be present online throughout the trading session monitoring the live price charts,
This kind of trading strategy is a trading style that involves the opening and closing of a position within the same day and investors did not need to wait for a longer period to make his or her profits,
With the volatility and fluctuation of cryptocurrency many investors have decided to adopt the day trading strategy and see it as best in a time like this ,

What are the necessary things you need to know when day trading

• As a day trader technical analysis is very important in other to create trade ideas.
• As a day trader is is also important to study the volume price action and follow the charts 📉 pattern,
• It is also good to provide a technical indicators that tells you when to enter the market and to leave the market especially when the market is no longer favorable.
• Risk management is also one of the things a day trader must put into consideration before the adoption of day trading.

is day trading the best strategy?

In cryptocurrency investors strategies might be different form one another depending on what works for you and what you see as best strategy for your kind of investment maybe long term goal or short term
For some Investors it may be the best and for other it may be the best but as for me it is better for a trader to study well before chosen a strategy for his or her trading activities,

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