Newbie here who is hoping to get bitcoin soon to start trading! I know quite a lot about crypto because I have spent every possible moment studying while being a stay at home mom, listening to podcasts while Im at playground or do housework etc.

Im selling an iPhone here and asked for a loan so I can start my trading journey (hopefully soon) but the trading strategies got me thinking. How well do you define that for yourself? Or think about it? write down or on the wall or whatever?

This is my knowledge on Trading Strategies. There are several types of crypto trading strategies, such as day trading, range trading, scalping, high-frequency trading, dollar-cost averaging, and arbitrage trading.

Day trading is a popular strategy that involves entering and exiting a position in the market on the same day within the crypto trading hours. The aim of this strategy is to book profits amid intraday fluctuations in the price of cryptocurrencies.

Range trading involves buying cryptocurrencies at a lower price and selling them when the price reaches a higher level. This strategy is used when the market is moving sideways, and there is no clear trend.

Scalping is a fast-paced strategy that involves buying and selling cryptocurrencies within a short period, usually a few minutes, to make small profits.

High-frequency trading is a computerized trading strategy that uses advanced algorithms to buy and sell cryptocurrencies within a fraction of a second.

Dollar-cost averaging is a passive strategy that involves investing a fixed amount of money in cryptocurrencies at regular intervals, regardless of the market conditions.

Arbitrage trading involves buying cryptocurrencies in one market and selling them in another to make a profit. This strategy takes advantage of the price differences between different markets.

It's important to choose a crypto trading strategy that aligns with your trading style and goals. Using multiple strategies can provide a more comprehensive analysis of the market. However, it's crucial to carefully consider which strategies to use and how they fit into your overall trading plan. Remember to conduct primary research and set investment goals before investing in crypto.

The popular trading strategy that you might want to consider is dollar-cost averaging (DCA). This strategy involves investing a fixed amount of money into a particular cryptocurrency at regular intervals, regardless of the current market price. By doing this, you can gradually build up your holdings in that cryptocurrency over time, while potentially minimizing the impact of short-term price fluctuations. DCA is a relatively passive investment approach that can be useful for long-term investors who want to avoid getting caught up in the hype and volatility of the market. Of course, it's important to do your own research and make sure that DCA is the right strategy for you before making any investment decisions.