Quote from: KingsDen on Today at 06:40:00 AM

Quote from: NosaEd91 on December 30, 2022, 03:31:30 AM

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

There are many trading strategies which people have used overtime to make good profit out of the crypto-currency market, but one thing with the market is that it is ever dynamic. And once it is changing a particular working strategy might stop being effective over time. This is why it is important to have more than one working strategy and such strategy should be tested and retested in order to be reliable.

So when this strategy fail a new one should be developed. And it's just text little or no difference between an existing strategy and a new one that will be developed.

Yes, we might say that our current strategies are working well but a few years from now, it never works and become obsolete. As the market trend and behavior are changing, it was quite advisable to develop new strategies as well to make it more effective, otherwise losing is really possible. And not only that, but we also have to level up our knowledge and skill with the help of these new trading tools to become more efficient. New trading tools and strategies will find out more profitable but of course, that also matters in our decision-making as this will varies even though all of us are using the same strategies.