3 Best Crypto Trading Strategy for Beginners

We are currently in the early stages of the bull run, and many new people will be exploring the crypto industry and looking for ways to take advantage of the bull run. So, I decided to write this article.

I would advise you to read this article till the end as it will help you to profit from the bull run. This is not your ordinary article, I have laid out a very specific and easy-to-follow strategy that most traders do not talk about in the crypto trading space.

In crypto trading, the market can easily give you $100,000. But the question is, can you keep it?

To answer this question, it is important to have a profitable and working strategy, a good risk management strategy and a good mindset to be able to keep the free money that the market will give you, otherwise you will lose it.

In this article, I will focus on the top three crypto trading strategies that are perfect for beginners. You don’t need months or years of experience to benefit from these strategies.

Three Best Crypto Trading Strategy For Beginners

New Coin / Token List Trading Strategy

This is one of the easiest ways to profit from the market. When a new coin is listed in a popular or top exchange, the coin/token will rise.

For example, ORDI, a BRC-20 token listed on Binance, increased by more than 50% after listing on Binance.

And since then it has increased by more than 1,700%.

If you invested just $100 before the listing, you would have made $1700 by now just by buying ORDI before it was listed on Binance.

Another example is the JITO Token – JTO. Since JTO was listed on Binance, the token has increased by more than 90% in a few days.

There are too many examples to show; you can also do more research on new coin listings.

How to know when a coin will be listed

If you like this trading strategy, you may ask yourself, how will you know when a new one is going to be listed?

Well, depending on the exchanger you use, they will announce the coin/token a few hours before it will be listed.

For example, four days ago BYDFI announced that they will list the MARSH/USDT trading pair.

Binance announced that they will list 1000SATS/USDT trading pairs a few hours before this post.

To take advantage of this strategy, you need to get in early. So, you should follow your exchanger on all social media platforms so that you can get in early once the announcement is made.

Swing Trading with Spot

To benefit from this strategy in this next bull run, you need to think long term. If you don’t have patience, you will lose your money instead of profiting from it.

This is how the strategy works: you will have to hold the coin/token for a few days or weeks and sell when you make a profit.

We are currently in the early stages of the bull run. All you have to do is go to the spot trading section on your exchange account (You can use BYDFI), select a trading pair, buy and hold.

If your tolerance is low, I would advise you to buy tokens or coins in the top 200 of Coinmarketcap, although the profit may be small. But if you have a high risk tolerance, you can search for tokens or coins above 300 in Coinmarketcap.

For example, if you bought ETC when it was $18 and held for five days, you would have made an extra $5 on each token before the price dropped.

Again, this is the beginning of the bull market, so the sign will rise again.

Launchpad Listing Trading

In crypto, when a project is launched, and the company wants to raise funds, they either use ICO, IDO or Launchpad.

Launchpad listing enables blockchain-based projects to generate revenue by selling tokens at a discounted price.

Pyth Network – A crypto project in partnership with Bitmat (an exchange), for example, offered PYTH token flash sales at a 30% discount.

This means that once the coin is listed on the platform, you will be in 30% profit because the coin was sold or you bought the coin at a 30% discount. So you can choose to hold the coin if you believe it will rise in price or sell it at a 30% profit.

I could go on and list more crypto trading strategies, but these are the ones I think are easy for beginners to follow.

Please avoid trading:

Future trading Arbitrage trading

In the beginning, you can lose all your money if you don’t have the right knowledge, so stick to the three crypto trading tips I outlined.

Again, nothing in this article is financial advice. Take this as educational content, and please do your research.

Tips to help you stay profitable

If the market gives you money and you can’t keep it, it will take it back. Here are some tips to help you keep what the market gives you so you don’t lose it;

Set profit goal

In crypto, what goes up goes down. To stay profitable, you need to set clear targets for you to profit because the market will reverse. Nothing lasts forever in crypto.

Avoid FOMO

If the market leaves you, don’t jump in because you feel like you’ll lose money if you don’t. If you jump in when the market is already about 40% higher, I would advise you to look for another pair. to trade because you can be used as liquidity; those who bought earlier can take profit when you enter.

Patience

Many times you can enter a swing trade and the market will start going against you and immediately you will be in a drawdown, if you did not have patience you can close the trade at a loss. You need to have a strong mindset to be able to keep your tokens even when they are in a draw.

Know the token or coin holding

There are too many scams in the crypto industry; If you want to invest in any token, please check the token very well. Check out the official website, all social media platforms, Coinmarketcap, and more. Make sure the token is genuine before investing in it.

If you enjoyed this post, please share. Thanks, and happy trading.