Swing trading is one of the most popular trading strategies in digital asset markets. This guide explores how you can use a bitcoin trading bot to deploy a swing trading strategy.
What Is Swing Trading?
Swing trading refers to a trading strategy that involves entering and exiting positions within several days or weeks. Unlike day trading, which involves buying and selling an asset on an intra-day basis to generate a small profit on each trade, swing traders take positions for a number days to capitalize on larger price moves.
Swing trading is a very popular trading approach for digital currency traders as the price of bitcoin and other digital assets regularly show sharp price swings over the course of a week. These price swings enable traders to generate a profit if they manage to catch the right entry and exit points. Swing trading is, therefore, also a popular strategy to implement using trading bots.
How to Swing Trade Using a Bitcoin Trading Bot
Bitcoin trading bots enable digital currency traders to deploy trading strategies in a fully automated fashion using pre-determined parameters that are set by the user. Continue reading…