5 Essential Tips to Succeed in Crypto Trading Competitions

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Crypto trading competitions are becoming increasingly popular to test your trading skills and improve your crypto knowledge in a fun and exciting environment. Trading competitions are conducted through derivative exchanges such as Phemex or specified trading platforms, like League of Traders. The competitions offer traders a variety of ways to Even better, there are numerous ways to earn money. They offer grand prizes that can range anywhere from 100 USD to 100 BTC (~USD 120,000,000). Trading Competitions also usually offer low stakes bonuses such as a 10 USD Friend Invitation Bonus or Daily Prize Draws. Because of these bonuses, along with the opportunity to gain valuable experience against peers, many traders see competitions as a way to win no matter what. 

Are you a novice or experienced trader who has considered joining a crypto trading competition but don’t know where to start? Have you heard about the many rewards that come with crypto competitions but are unsure of how to compete? Well, you came to the right place.

The question is not if you should compete. The real question is: How should you compete? Due to time constraints and level of competition, trading competitions require a different approach from what you would apply to your everyday portfolio. The following tips will help you begin your competitive crypto trading journey.

Proper time management is vital for successful participation in a trading competition. Since trading competitions are only open for a short period of time, it is important to acknowledge the time constraints when crafting your strategy. Maximize trading activity during the competition