Despite the existence of many different strategies, not all of them give positive results during trading. The main reason for failures is the occurrence of false trading signals, which lead to losses. In order to avoid this, it is necessary to create clear rules allowing to predict all variants of events.

Almost all trading tactics can bring profit, but the high level of risk and difficulty in use can be a serious barrier to increasing profits. The best strategies contain simplicity, guaranteeing positive results, clear trading tactics, they are flexible enough and ready for any market changes. You can get the necessary knowledge and experience on the official website https://bitcoinup.eu/.

The best strategies today for the digital market are: trading on pullbacks, trading on impulses, trading on breakouts. They are able to give a guaranteed profit on any cryptocurrency pair regardless of the circumstances.

A crypto trader's trading strategy is that indispensable tool that allows him to have an advantage over the rest of the digital market participants. Trading strategy is as important as competent risk management, trading discipline and strong nerves. Lack of trading strategy leads to random actions and, accordingly, to random results.

The cryptocurrency market differs from stock markets in that its volatility is much higher than that of stocks, futures and fiat currencies. In 2013, Bitcoin increased by more than 550%. Fluctuations in stock markets are hundreds of times smaller. You have to invest a lot of money to make a noticeable profit in the stock markets. On the cryptocurrency exchanges, it is possible to make a noticeable profit with much less money.

To summarize all of the above, we can highlight the following points necessary for a cryptocurrency trader.

The main components that need to be determined before entering the digital market are the trend direction, changes in trading volume, trend (trend) signals, the direction of large orders in the order book.

It is also necessary to consider the impact of political and financial news in the countries with the greatest influence on digital currencies. China and the US have the greatest influence on cryptocurrencies, so any major cryptocurrency project or bill in support of Bitcoin in these countries can have a significant impact on the rate. China, with its high-growth economy, plays the most important role in Bitcoin. And in light of the findings of a recent Goldman Sachs report, the enormous influence of this country becomes clear.

Almost 80% of Bitcoin trading volume over the past six months has been in the yuan. Surprisingly, only 19% of the trade was in the U.S. dollar and 1% in the euro.

Playing on a cryptocurrency exchange is virtually no different from classic trading. You still have to be aware of all the economic events that are looming in the future. Here, it is important to track the rate and to be able to predict it. You also need to be able to keep a grip on yourself and not get rid of the cryptocurrency at the first rate increase by a few points.

It is worth paying special attention to find a reliable intermediary, which will surely pay you the money you earned. Almost every day new cryptocurrency earning sites open up, but you should always work with proven resources if you don't want to become a victim of fraud.