What Type of Bitcoin Trader is Best?

What Type of Bitcoin Trading Style is Best for You?

Various types of bitcoin trading styles require different methods - selecting the best bitcoin trading style for your bitcoin strategy will increase your chances of being successful.

Different bitcoin styles will generally be categorized into the following categories:

Scalper

Bitcoin scalpers are short term bitcoin traders that open and hold open bitcoin trade positions for a few minutes and these scalper bitcoin traders trade using short bitcoin chart timeframes.

Bitcoin scalping involves opening many bitcoin trades throughout the day with the main objective of achieving small profits oftenly throughout the day.

Scalper must make fast paced decisions of when to open & close bitcoin trades, Scalpers must be very quick to execute their bitcoin trades.

Bitcoin scalpers must be able to process changes in the bitcoin prices quickly in order to make quick and rapid bitcoin trade decisions.

Day Traders

Day traders are also short term bitcoin traders that open and hold open bitcoin trade positions for a few hours & these bitcoin day traders trade using short term bitcoin chart timeframes.

Bitcoin day trading involves opening a number of bitcoin trades throughout the day with objective of achieving small to medium profits from these bitcoin trades during the day.

Day traders will open bitcoin trades and trade frequently during the day. Day traders will open & close all bitcoin trades during the day & day traders will not leave overnight bitcoin positions open.

Day traders are also required to make quick bitcoin trading decisions when trading the intraday bitcoin market short term trends.

Day traders will mainly trade with short term bitcoin chart timeframes such as the 5 minutes bitcoin charts and the 15 minutes bitcoin charts.

Swing Traders

Swing traders are medium term bitcoin traders that open and hold open bitcoin trade positions for a few days and these bitcoin swing traders trade using medium term bitcoin chart timeframes.

Bitcoin swing involves opening a number of bitcoin trades during the week with main aim of achieving medium profits from these bitcoin trades during the tutorial of several days.

Swing traders will open a few bitcoin trades within the week & swing traders will not trade frequently. Swing traders will open and leave their bitcoin trades open for few days in order to catch the medium term bitcoin trend move.

Swing traders are not required to make quick bitcoin trade decisions like the bitcoin scalpers or the bitcoin day traders when trading the medium term bitcoin market trends.

Swing traders will mainly trade with medium term bitcoin chart timeframes such as the 4 hour bitcoin charts and the daily bitcoin charts.

Position BTCUSD Crypto Traders

Position traders are long term bitcoin traders that open and hold open bitcoin trade positions for a few weeks to a few months and these bitcoin position traders trade using long term bitcoin chart timeframes.

Bitcoin position involves opening a few number of bitcoin trades during the year with the main objective of achieving a large amount profit from these bitcoin trades during the tutorial of several weeks or months.

Position traders will open a few bitcoin trades within the year and position bitcoin traders will not trade frequently. Position traders will open and leave their bitcoin trades open for few weeks or months in order to catch the long term bitcoin trend move.

Position bitcoin traders are not required to make quick bitcoin trade decisions like the bitcoin scalpers or the bitcoin day traders when trading the long term bitcoin market trends.

Position traders will mainly trade with long term bitcoin chart timeframes such as the weekly bitcoin charts & the monthly bitcoin charts.

What Type of Bitcoin Trader is the Best Type?

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