What are the best Crypto trading strategies in India?

In past few years, Crypto currency has boomed up in India like anything. Even compared with other Asian or European countries, the rate at which it’s growing is almost unimaginable. Early considered to be almost illegal and banned by the government, now the supreme court has even announced the ruling government to draft and regularize crypto currency in Indian market. At this rate, many financial experts are speculating that crypto will play a big role in future.

Like any other assets in the market, trading crypto definitely need investment of time and capital to bring some good returns. In this article, we will share 5 crypto trading strategies that are most suitable for Indian market

In scalping, trader buy and sell small variations in short period of time, making small profits. This kind of strategy is best suited for amateur or causal trader who are not willing to invest large portion of their capital. The idea of scalping normally goes against the traditional trading norms where a trader holds on to position for a very long time observing the market situation expecting for a big turn up in price. But in scalping, trader focus on the number of wins rather the size of the win. Sometimes, scalping is good for quick wins but in long term, it makes a trader less experienced as they are less exposed to the true nature of market and apparently not understing the trends thoroughly.

Range trading strategy makes profit by target the gap between high price and low price within a specific duration of time. It will estimate the uptrend/downtrend of price in market and then it will target the oversold or overbought areas. The said range could be narrow or wide depending on how much trader is willing to risk. Rage trading requires a lot of analysis and study of market trends, it is risky but has great potential to bring good returns if traded wisely.

Day trading or sometimes also called Intraday trading, as the name suggests is the trading done multiple times the same day. Earlier it was only limited to brokerage or big investment firms but as the technology evolves and automated trading is getting more common, many casual traders have started day trading. The main goal for this strategy is not to make huge returns but to take advantage of minor price leverage when the market is open.

High-frequency Trading or HFT might fall under a little more complicated side of the strategy as it uses powerful computer programs and set up to mine huge amount of currency order in a short period of time. Due to its complexity, its mainly used by big firms. The larger the order, the larger the profit. It increases the liquidity of market by increasing the price spread. It creates huge opportunity for small time traders by buy and selling of their lots

Crypto trading is more or less similar like commodity trading. Various factors in and out of the market will affect the price of all the crypto. In any form of trading, being able to predict the bullish and bearish nature is very crucial. The only way one could do it is to follow the major factor which drives the trend, to avoid any Major risk.

Crypto trading is new and has a lot potential, particularly in a market like India with 1.38 billion population. But with greater profit comes ever greater risk. Since the government has just recognized its value and not yet set regulations, there are many possible frauds which you might encounter. To ensure a safe and profitable trade you can find a reliable platform. You can also start with a demo account with Mitrade where you can practice and get familiar with various tools.