5 Best Crypto Trading Strategies – Coinmatics
The strategy is based on balanced trading, which means that the assets are allocated among several cryptocurrencies.
It is assumed that the rises of some currencies compensate for the falls of others. For example, Bitcoin and altcoins can act like this. Dogecoin and Monero, Ripple and Ethereum have proven to be useful in the creation of a crypto portfolio.
Statistical arbitrage is a more complex modification of the previous strategy. The scheme is the following: you buy a currency on an exchange, change it to coins on another and, eventually, sell for fiat.
The point is to use a price correction lag between those exchanges, getting a 5% profit.
Using the strategy, one takes advantage of price differences between exchanges.
For example, you buy some crypto on Bitfinex, then go to Poloniex and sell it at a higher price.
The shortcoming of the strategy is that a fee should be considered since it can be high enough to eliminate the profitable differences. Generally, a price discrepancy of 2% or more is a sign of a lucrative deal.
The essence of the strategy is an immediate profit. For example, you buy 100 XRP at $0.23. After a few minutes, the rate grows up to $0.24, and you sell. The profit is just $1, but It didn’t take much time.
The strategy is good for trading in small volumes — the risk is minimum.
You pick a successful trader and copy his trading operations.
There two questions arising: where can I find such a trader? And how can I get to know about his deals?
For these purposes, special crypto trading platforms were designed.
Traders can register on and start providing information via these web-services, while others can subscribe to the best of them, according to the chart, and copy after them.
Coinmatics is one of such platforms. The company has launched the Auto-trading service automating the process of copying deals after traders, which makes trading accessible and profitable even for beginners.
We hope that the article will help you to choose an efficient strategy.
Coinmatics. Trade with The Best.
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Published at Wed, 13 Nov 2019 11:57:34 +0000
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