Post
Topic
Board Beginners & Help
Re: Some Trading Strategies You Could Be Ignoring
by
Mr.suevie
on 29/09/2023, 23:04:03 UTC
1. Dollar-Cost Averaging (DCA):
DCA, as mentioned earlier, involves regularly investing a fixed dollar amount into a cryptocurrency regardless of its price. This strategy mitigates market volatility and encourages disciplined, stress-free investing.
DCA is the best strategy for investment especially for the newbies like us, to me I just feel the strategy is designed knowing that people like us will need it to help and guide us on our investment journey because DCA strategy help to sharping our mindset and also in risk management so that we can consistently invest using small amount of money to accumulate a bit by bit.
DCA would be everyone choice especially when you are not the so called "professional traders" which is very difficult because I don't think anyone actually achieved that height in a short period and you have to read and learn alot of article when it comes to trading but with the DCA strategy is pretty much easy, just buy with a little percentage of your earnings and hold for the price or coins to reach your specific target.