Back to glossary
Day trading
In crypto world, day trading is the activity of purchasing and selling assets inside a single trading day with the intention of profiting from momentary price swings. Technical analysis, chart patterns, and trading algorithms are frequently used by day traders to determine the entry and exit points for their transactions.
Because crypto prices can change drastically and unexpectedly over the course of a single trading day, day trading in crypto can be extremely dangerous and volatile.
To prevent losses and increase earnings, it requires a thorough understanding of the crypto market, as well as technical analysis abilities and risk management techniques.