Day trading cryptocurrency is one of the most profitable and straightforward methods of making money from the cryptocurrency market. Many traders nowadays are learning how to enter and exit the market in a single day, and they've taken advantage of the volatility in coin prices to make significant profits. This article will teach you the fundamentals of cryptocurrency day trading and how it works.
"Day trading" is a term that refers to any trading strategy that does not involve taking positions over a single day. During a trading session or day, traders make sure that all of their transactions are opened and closed within the same time frame.
To make money, day traders look for market volatility. There is no opportunity for short-term price movement (volatility). With each stock movement, a trader's potential profit or loss increases proportionally.