Where To Trade Crypto: The Best Platform To Swing Trade Crypto

FinanceFeeds Editorial Team

Swing trading is one of those strategies that is available on exchanges, such as NAGAX, as it offers the option for a multitude of strategy variations through its features.

Cryptocurrencies are on trend right now, to say the least. That is why there has been an upsurge of new platforms and exchanges that welcome new and existing traders to delve into the world of crypto trading. While there are many significant factors to look for when deciding which one will be the most suitable for your investment needs and ambitions, like security and a user-friendly interface, it’s important for a crypto trader to have an abundance of options when it comes to their strategy.

Swing trading is one of those strategies that is available on exchanges, such as NAGAX, as it offers the option for a multitude of strategy variations through its features.

First, let’s understand what we mean by the term swing trading.

Swing Trading

Swing trading is a strategy where a trader aims to benefit from a financial instrument’s change in price direction. It requires traders to maintain their position for a short to medium period of time. It accommodates a blend of two diverse spectrums of crypto trading: day trading and long-term trading.

Day trading refers to very short term crypto trading where traders buy and sell, even multiple times, in a single day. The aim from this type of strategy is to profit from the price fluctuations of cryptocurrencies and bypass their volatility. That’s why it heavily relies on technical analysis, which means as traders cannot afford to focus on the underlying value of cryptos, they instead pay more attention to their past trends to predict how they will move in the future, and determine accordingly when to buy and sell their digital assets within the day.

Long-term trading refers to investors who opt to buy and sell their assets over a much longer period of time, which normally means years on end. They don’t necessarily focus on the price fluctuations of a cryptocurrency on a weekly or monthly basis, and hold on to them for years. Such types of traders usually rely on fundamental analysis, which unlike technical analysis, does focus on the underlying value of a digital asset, through a number of vital metrics. Since cryptos are held for a significant amount of time, their price and underlying value end up converging.

Investors who are involved in day trading need to be very hands-on with their investments and aim to have consistent returns from their crypto trading. On the other hand, long-term investors do not need to constantly have their mind on their digital assets, and only make one  decision regarding their investment and stick with it for years.

Swing trading investors do not solely focus on either of the two, but instead rely on both for their profits. They don’t follow the extreme spectrum of day trading or long-term trading. It sees traders hold their position from a couple of days to a number of months. In this way, the aim is to gain an advantage from both strategies and analysis, meaning that it still requires a lot of knowledge around metrics and price patterns, and a lot of patience in understanding all the data that is necessary to go about swing trading.

Why is NAGAX the best platform to swing trade crypto?

NAGAX, although one of the newest crypto trading platforms, has gained massive popularity and already has over one million users. It offers competitive trading conditions and allows for traders to choose their most practical and beneficial trading strategy that will acquire them the highest returns from their investments.

NAGAX supports a variety of cryptocurrencies, including the most popular and well-known ones, such as Bitcoin and Ethereum. It gives its users a simple, clear and easily navigable interface, a fully-secured crypto wallet and systems and a reasonable fee structure that allows traders to put their main focus on choosing the right strategy for them and get going with their crypto investments.

The most important thing to know before choosing your crypto trading strategy and experimenting with swing trading, is not only to have figured out the best crypto exchange that will cover all your strategy needs, but also to focus on gaining as much knowledge and information as possible on your own. The crypto market, due to its volatile nature and new concepts and trends, can be a tricky one to get accustomed to, and the more you learn about it, the more comfortable you will feel with investing your money in digital assets.


Risk Warning: Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds. Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you cannot afford to lose.

  • Read this next

    Executive Moves

    FXPA elects Joe Hoffman as new Chair in its 10th anniversary

    “The opportunity to serve as Chair of the FXPA is truly an honor, and I am committed to upholding the exceptional work of a FXPA. Given the recent market fluctuations due to global tensions, inflationary pressures, shifts in monetary policy, as well as the outcome of the US election and the risk of recession, brings the potential for more FX volatility in 2024. I am dedicated to expanding the FXPA’s membership and I’m excited about collaborating with all members to echo the unified voice of the FX market.”

    Market News

    Eurozone Fights Stagnation Whilst Stock Indices Rally

    European stock markets are defying economic gloom as they continue to soar to all-time highs, showcasing resilience amidst broader economic challenges.


    Lisk Partners with Indonesia’s Communications Ministry to Boost Web3 Startup Ecosystem

    Discover the strategic partnership between Lisk and the Indonesian Ministry of Communications and Informatics, aimed at propelling local Web3 startups to new heights through comprehensive support and education.

    Executive Moves

    Admirals appoints founder Alexander Tsikhilov as CEO

    “Striking the right balance between sourcing new talent and developing and harnessing the strength and capabilities of our current workforce, is key to achieving our vision.”

    Executive Moves

    GCEX appoints Ignacio Corral and Helen Man to UK operation

    GCEX has announced the appointment of Ignacio Corral and Helen Man to its UK FCA-regulated operation based in London as the firm further expands its global business on account of increasing demand for its digital prime brokerage services.

    Retail FX, Uncategorized

    Public.com to shut down UK operation after eight months

    Public.com’s UK withdrawal reflects broader market dynamics, where increased competition among retail investing platforms, including newcomers like Robinhood and Webull, pressures companies to consolidate their efforts in their most profitable or strategic markets.

    Industry News

    UK FCA commits to swifter enforcement actions

    “Reducing and preventing serious harm is a cornerstone of our strategy. By delivering faster, targeted and transparent enforcement, we will reduce harm and deter others. We will also make greater use of our intervention powers to stop harm in real time.”

    Digital Assets

    Ultimate Crypto Trading Software: Zent Launches Innovative Platform For All Institutional Needs

    Zent, a pioneering software provider for financial institutions, has unveiled its all-in-one platform for high-speed crypto trading across popular exchanges. The “ultimate tool tailored to institutional teams and trading volumes” offers distinct advantages, eliminating hurdles like delays and market impact.

    Digital Assets

    OKX officially launches Turkish crypto trading platform

    “With a crypto adoption rate close to 50%, Türkiye represents a very dynamic and promising market for the industry as it continues to develop. The population’s high level of engagement and understanding of digital assets makes it an ideal environment for OKX, and we’re strongly committed to helping continue to grow this already vibrant ecosystem.”