Traders make money by identifying trends and then ride them and move their stops when a higher high (HH) is made in an UPTREND, or a lower low (LL) is made in a DOWNTREND.
How to Succeed at Crypto Trading
Even though traders scramble to buy real Cryptocurrency, there is a faster way to trade these digital currencies: trading cryptocurrency contracts for difference (CFDs). With CFDs, you can be more flexible in your trading, have an opportunity to quickly get in and out, use stop-loss orders, and develop hedging strategies.
For example, Litecoin quoted in Bitcoin - This is where the trader has an edge, because the affordability and flexibility of CFDs, together with the various cryptocurrency rates, quoted either in USD or other cryptocurrencies, offer ways to hedge and limit excessive market risk. CFD trading offers many benefits over real Cryptocurrency transactions.
GAINING FROM AN UPTREND
In an UPTREND, the market rises and makes a sequence of higher highs (HH) and higher lows (HL). Identify when the previous, higher high (HH) is broken, Identify the new higher low (HL), and Move the stop loss to the new HL.
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GAINING FROM A DOWNTREND
In a DOWNTREND, the market falls and makes a sequence of lower lows (LL) and lower highs (LH).
- Identify when the previous lower
- low (LL) is broken
- Identify the new lower high (LH)
- Move the stop loss to the new LH
- Enjoy the Benefits of Crypto CFD Trading