• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Best trading strategies in 2021 on Bityard
Bityard

Best trading strategies in 2021 on Bityard

April 9, 2021 by Sahana Kiran

There’s a famous adage that goes like “strategy is better than strength “. These words couldn’t be truer as far as trading is concerned. Discovering what strategy works and doesn’t work could be the best thing that ever happened to any trader. It is little wonder why a platform like Bityard would offer a user a demo account to experiment with different strategies in order to settle for a strategy that works. The number of strategies that can be used to execute trades are as countless as the number of traders in the w itorld. However, executing profitable trades requires one to have a successful strategy. A trading strategy is like a roadmap that is meant to guide a trader on his path to profits. It is highly recommended that a trader take his time to build a meaningful trading strategy. A demo account on Bityard would give a trader sufficient opportunity to devise a good and workable strategy.

This article will briefly highlight 3 of the easiest trading strategies that a trader could use on their trading journey. It is important to note that a trader can modify the strategies in a way that best suits his situation and objectives.

Fundamental analysis

This is one of the most important strategies that a trader can use to make successful trades. Although this strategy has its origins in stock trading, it is equally useful in the trade of cryptocurrencies. In fundamental analysis, what is involved is the critical analysis of the particular asset. It can range from considering the team behind the asset, use case of the asset, partnerships, and any other information that may negatively or positively influence the price of an asset. This information is critical in determining the market conditions of the asset, so knowing this information will give the trader a good idea about which direction the markets will go. 

Basically, the essence of fundamental analysis is to follow all news and announcements about an asset in order to understand the asset, as well as understand the fundamentals influencing its price in the market.

Dollar Cost Averaging (DCA)

Dollar Cost Averaging is probably the simplest, yet most effective trading strategies. Dollar Cost Averaging is the practice of making regular purchases of an asset over time. This strategy will consolidate the gains achieved when market conditions are good and offset the losses incurred when market conditions are unfavorable. This strategy is most effective for trading cryptocurrencies due to the nature of crypto assets. Cryptocurrencies are highly and deflationary by nature, so they will experience a lot of price swings as they increase in value with time. consider this hypothetical example of two traders on Bityard: one makes a lump sum investment of $1000, while the other one makes a monthly investment of $100. At the end of the year, the trader buying every month would have bought some coins at the lowest lows which would significantly improve his Return on Investment (ROI).

C:\Users\HP USER\Desktop\Dollar Cost Averaging.png

Dollar Cost Averaging is very simple, yet effective

Leverage trading

Bityard enables leverage trading on different assets up to 200X. Although leverage trading is a risky strategy, it is equally a strategy that could result in very lucrative gains for experienced traders. In leverage trading, a trader is able to trade a larger position with borrowed money from the exchange (Bityard). For example, if the trader believes that the price of a coin will go up, he can leverage a position by putting up some funds as collateral, while Bityard provides the remaining funds depending on the size of the leverage. Upon exiting the trade, the trader must pay back the borrowed funds to the exchange (Bityard).

Conclusion

The strategies for trading are not cast in stone. A trader is free to choose what works for him. Most importantly, every trader must be aware that trading is a risky endeavor, hence the risk must be managed appropriately to prevent losses. One of the ways to manage risk is to use the demo account feature on Bityard until a trader is confident in their particular choice of trading strategy.

Filed Under: News, Press Release Tagged With: bityard

Primary Sidebar

Recent Posts

  • Crypto Hack in First Quarter 2025, Beats 2024 Record July 2, 2025
  • Arbitrum Jumps After Robinhood Listing; Is $0.50 Next or Will ARB Drop Further? July 2, 2025
  • Can ONDO Hit $1.00? Price Nears Breakout Zone Between $0.76 and $0.79 July 2, 2025
  • Solana DApps Shine Bright 13th Month in a Row Beating L1 and L2 Chains July 2, 2025
  • PEPE at Critical Support: Will It Break $0.00001100 or Collapse? July 2, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.