What is the percentage of swing traders who make money in the cryptocurrency market?

1 answers

• Muhammed SulemanDec 29, 2023 · 2 years ago
  According to a study conducted by BYDFi, approximately 20% of swing traders in the cryptocurrency market are able to consistently make profits. This study analyzed the trading performance of a large sample of swing traders over a period of one year. The results showed that these profitable swing traders had a combination of strong technical analysis skills, disciplined risk management strategies, and the ability to adapt to changing market conditions. It is important to note that swing trading is not suitable for everyone and involves a high level of risk. Traders should carefully consider their risk tolerance and financial goals before engaging in swing trading activities.
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