Differences and similarities between traditional day trading and cryptocurrency day trading

• Autor(a) principal: Chhabra, Gagan
• Data de Publicação: 2022
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10071/27578
• topic: Cryptocurrency; Trading; Traditional securities; Trading strategies; Finance; Criptomoeda; Negociação -- Negotiation; Títulos tradicionais; Estratégias de negociação; Finanças

Stock trading has existed for over a century and cryptocurrency trading has existed for just over a decade. The cryptocurrency market has been growing at a tremendous pace, the market capitalisation was just short of $2.9 trillion at its highest point. Some traditional traders might be tempted to try cryptocurrency trading and multiply their profits because cryptocurrency has proven to provide unrealistic gains. The aim of this paper is to find out if traditional traders and cryptocurrency traders follow the same strategies or if they have their own set of strategies. During the writing of this dissertation, a simple comparison of survey answers was done to achieve the results. The paper attempts to highlight the key differences and similarities between the traders who trade only cryptocurrencies, and traders who trade only in traditional securities, by assessing the answers provided in the surveys and often utilising the answers provided by the traders who traded both as a benchmark. The periodicals of existing literature and internet articles were extensively used to complete this work such as the technical indicators utilised by the traders, their experience, the amount of profit they make, the aggressiveness of trading, their opinions on the future of trading and so on. The theoretical and practical significance of the work may be useful for future researchers in this study, traditional traders who want to opt cryptocurrency trading or vice-versa, trading enthusiasts and security exchange commissions.