Top 5 Betfair Trading Strategies for Crypto Watchcurrencies

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JuiceStorm.com supported Adam Todd and the Digitex Futures since before the ICO on January 15th 2018. Support for the Digitex Futures was withdrawn 4th August 2020.

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Choosing Betfair Trading strategies can be tough, especially if you’re starting out. You’ll need to ask yourself several questions starting with how hands on you want to be, how great a return you’re looking for and how quickly–and how much stress you can handle. Choosing a Betfair Trading strategy is probably one of the most important decisions you will make as a trader, so it pays to do some research before you commit.

Top 5 Betfair Trading Strategies

Ahead of the Barcelona Betfair Trading Conference tomorrow where we’ll be spending two full days talking about Betfair Trading, we thought it would be timely to take a look at the five most popular types of Betfair Trading.

From day Betfair Trading to swing Betfair Trading and scalping, all the below strategies give you the option of going long and short. This means you can profit from both bull and bear markets. Check out the top five Betfair Trading strategies below.

1. Day Betfair Trading

As the name suggests, with day Betfair Trading, a trader will open and close their positions within one day. When it comes to traditional Betfair Trading like stocks and bonds, this means closing before the markets at the end of each day. However, cryptocurrencies never sleep. So, if you’re day Crypto Watchcurrencies, it pays to study the price charts and history of your chosen coin.

There may be more price action when the Asian region awakes, for example. If you’re day Betfair Trading on west coast USA, you may want to think about adding rules like limit and stop orders so that you can close your position automatically even when you’re sleeping at a better price and prevent suffering losses.

It’s definitely not recommended to hold an open position without having a mechanism in place to close it as this can be extremely risky. Stops and limits will ensure that any possible losses don’t go beyond a day trader’s acceptable level.

Day Betfair Trading doesn’t necessarily mean that the trader holds just one position within the day. It’s possible to carry out multiple trades by paying close attention to the markets. If your analysis is successful, you can make quick profits from small price movements. Since it requires a lot of time and rigorous studying of the market, day Betfair Trading is a full-time job and not for the hobbyist.

2. Position Betfair Trading

In contrast to day Betfair Trading, in position Betfair Trading, Betfair Traders can keep their positions open for a long period of time, even months or years. Position Betfair Trading is a long game. It’s not time-intensive and Betfair Traders are not susceptible to market fluctuations, spikes or slumps. They’ll take a position either long or short and wait for the market to go their way.

Position Betfair Traders make far fewer trades than day Betfair Traders, as such, it does not have to be a full-time job. However, position Betfair Trading is not for the novice trader since trades are generally of higher value involving higher profits and, of course, higher risk. Position Betfair Traders who can’t keep their initial maintenance margin topped up will be liquidated on any futures exchange.

Position Betfair Traders usually rely on deep technical market analysis and will often use tools such as Fibonacci analyses or True Range Breakout Indicator (TRABOS) to identify support and resistance levels.

3. Trend Betfair Trading

Trend Betfair Trading, as the name suggests is about pinpointing a particular market trend and trying to capitalize on it. Trend Betfair Traders can go short, long, or medium term on trends. They need to understand how to open or close a position at the best time to ensure maximum gains.

Like position Betfair Trading, trend Betfair Traders rely on large amounts of fundamental and technical analysis. This type of Betfair Trading can be challenging even in more established markets and much more so in the volatile crypto market.

4. Swing Betfair Trading

A strategy that must be mastered, swing Betfair Trading generally follows a window of a couple of days or up to a week. A swing trader has no fixed time scale like a position trader but will aim to capitalize on movements in the asset price.

When it swings low and the price goes down, swing Betfair Traders will aim to buy more of the underlying asset, selling off at a profit when it swings high again.

Swing Betfair Trading is particularly suitable to volatile markets like cryptocurrency where massive highs and lows can be registered in a very short period of time. This, of course, means more swings.

5. Scalping

Digitex Futures CEO’s favorite style of Betfair Trading, scalping is a form of day Betfair Trading that requires enormous discipline and practice. It involves holding positions for very short amounts of time–sometimes even just seconds–and making profits on even small price fluctuations.

Scalpers look to build up small amounts of profit over time. For this, they are particularly attracted to highly liquid markets with tight bid/ask spreads. Scalpers must be able to control their emotions and be strict about when they exit trades so that any losses don’t wipe out a profitable streak. Most scalpers use automated Betfair Trading and bots to increase their order execution speed.

The Digitex Futures one-click ladder Betfair Trading is designed especially for this. Traders can see the price movement on either side of the ladder and stay in the zone executing orders with just one mouse click without losing valuable seconds.

Scalping is rendered almost impossible on most cryptocurrency exchanges since commission fees wipe out the profits a scalper makes. With no commissions, Digitex will be a haven for full-time scalpers. Moreover, having market makers programmed to lose means that they can target the market maker losses and actually have an edge built in their favor.

Scalpers are exposed to less risk than highly leveraged position Betfair Traders since they only hold their positions open for a short time. These types of active Betfair Traders on the Digitex exchange will be rewarded with highly liquid markets from the reallocation of tokens taken from liquidated positions.

Wrapping It Up

There are many types of Betfair Trading styles and all will be possible on the Digitex exchange when we open for Betfair Trading. Each has its pros and cons. So ask yourself which type of trader you see yourself being, how much time you can dedicate to it, and what your goals are before you decide.

Don’t forget that Adam will be giving a workshop at the Barcelona Betfair Trading Conference this Thursday at 10 am. Come on down and say hello, participate, and ask questions if you find yourself nearby!