How To Invest In Luno | Luno Trading
Here are a few of the most common strategies we’ve seen people employ when investing and trading in crypto. Which one works for you will depend on a variety of factors – your tolerance for risk, the time you want to commit, and so forth. It comes down to individual circumstances. Just because it’s worked (or not worked) for someone else, doesn’t mean it will necessarily have the same impact for you.
HODLing is when you buy a lump sum of cryptocurrency and store it securely for potential long-term, long-range, and long-odds growth.
This is a variation on HODLing that mitigates against some of the risks inherent in that particular strategy.
Day Trading offers a great deal more nuance than HODLing, but also requires a far greater time investment.
Swing trading and scalp trading
Swing trading cryptocurrency is similar to day trading, but you hold your positions longer than a single day – until the market trend (or swing”) you are seeing runs its course or shows signs of a reversal.
Scalp trading is when you take a position for much shorter periods of time, whether seconds or minutes.
Those attracted to the idea of short-term trading strategies (like day or scalp trading) but lacking either the time or patience to actually do it, can also automate their trading processes to react to changeable market conditions on their behalf.
Do you want to invest in Luno or grow your money and make the good profit without loosing? Chat with us on WhatsApp using the WhatsApp icon. We will be waiting to help you grow your money.
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