Cryptocurrency is a notoriously volatile industry, regardless of what coin you’re trading. During periods of extreme volatility, it’s easy to become disheartened when trades don’t go your way. It’s also easy to become overconfident when you get lucky, falsely attributing it to your trading strategy — when, in reality, the price often rose or fell for reasons other than you assumed.
Despite the uncertainty, there are sometimes still strategies you can use to trade certain tokens successfully. Ether (ETH) is arguably where you might be able to succeed this year. Here are three tips that might help.
Daniel O’Keeffe worked for three years as a compliance analyst for JPMorgan (NYSE:) and State Street (NYSE:). He holds a master’s degree in computer science from the University College Dublin and a legal degree from the University of Limerick.