Cryptocurrency traders are investors who buy and sell digital assets such as Bitcoin, Ethereum, Litecoin, and others with the aim of making a profit. They use trading strategies to take advantage of price fluctuations in these volatile markets.
Types of Cryptocurrency Traders
1. Day Traders: They carry out buying and selling operations on the same day, closing their positions before the market closes.
2. Swing Traders: They hold their positions for a few days or weeks, looking to take advantage of broader price movements.