Trading Systems — Key Questions You must answer first

When designing a scalable trading strategy in cryptocurrency, there are several questions you may want to consider researching:

What is the market structure of the cryptocurrency you want to trade?

Understanding the market structure can help you identify patterns and trends that can inform your trading strategy.

What are the key drivers of cryptocurrency price movements? Understanding the factors that influence the price of a cryptocurrency can help you make informed trading decisions.

What are the best exchanges to use for trading cryptocurrency?

Different exchanges offer different trading pairs, fees, and levels of security, so it’s important to choose an exchange that meets your needs.

What are the most popular trading strategies for cryptocurrency?

There are many different trading strategies that traders use to make money from cryptocurrency, including trend following, scalp trading, and arbitrage. Researching these strategies can help you decide which one might be the best fit for you.

What are the risks and potential downsides to trading cryptocurrency?

Cryptocurrency is a high-risk, high-reward market, so it’s important to be aware of the potential risks and downsides before you start trading.

What tools and resources are available to help you design and implement your trading strategy?

There are many tools and resources available to help traders design and implement trading strategies, including charting software, market analysis tools, and trading bots. Researching these tools can help you decide which ones might be most useful for your strategy.