What are the best strategies for trading USD/CHF on tradingview in the cryptocurrency industry?

3 answers

• Dec 16, 2021 · 3 years ago
  When trading USD/CHF on tradingview in the cryptocurrency industry, it's important to consider both technical and fundamental analysis. Technical analysis involves studying price charts, identifying patterns, and using indicators to make informed trading decisions. On the other hand, fundamental analysis focuses on economic factors that can impact the value of USD/CHF, such as interest rates, economic indicators, and geopolitical events. By combining these two approaches, you can develop a well-rounded trading strategy that takes into account both short-term price movements and long-term trends.
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• Dec 16, 2021 · 3 years ago
  One effective strategy for trading USD/CHF on tradingview is to use a combination of trend-following and breakout strategies. This involves identifying the overall trend of the currency pair and looking for opportunities to enter trades when the price breaks out of key levels of support or resistance. Additionally, it's important to set clear entry and exit points, as well as implementing risk management techniques such as stop-loss orders to protect your capital.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a systematic approach when trading USD/CHF on tradingview. This involves setting clear trading rules and sticking to them, regardless of market conditions. It's also important to stay updated with the latest news and developments in the cryptocurrency industry, as these can have a significant impact on the value of USD/CHF. Additionally, BYDFi suggests using proper risk management techniques, such as diversifying your portfolio and not risking more than a certain percentage of your capital on any single trade.
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