Can you day trade cryptocurrencies?
Asked 4 years ago
Is day trading cryptocurrencies possible and a viable trading strategy?
Andrew Moran
Monday, December 13, 2021
Although it is a high-risk investment endeavor, you can day trade cryptocurrencies.
Because there is so much volatility and liquidity in the cryptocurrency sector, whether it is Bitcoin or Cardano, it is certainly a day trader's paradise.
Moreover, since this corner of the global financial market runs 24/7, you can execute traders day or night.
Day trading crypto is also easier than trading conventional securities, primarily because news events could break overnight and send crypto prices higher or lower, allowing you to adapt to the situation.
One more thing: Since cryptocurrency is not regulated by the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA), the rules and regulations that apply to day trading stocks do not apply to day trading Ethereum, Dogecoin, or Avalanche.
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