Best Trading Strategies for Funded Bits’ Crypto & Forex Programs

Scale Up with Smarter Trades, Flexible Tactics, and Zero Capital Risk

Despite the volatility of the cryptocurrency and forex markets, traders are doing their best to adapt their strategies profitably. Whether you’re doing crypto trading or forex trading, having clear steps in mind and a comprehensive strategy is extremely important with our long-term goals in mind, especially with Funded Bits prop trading programs.

Funded Bits is one of the new prop firms that have come up allowing traders to access whopping sums of capital without any personal risk. Traders can now unlock access to $10,000-200,000 and go into high volume crypto and forex trades with up to 80-90% profit share. But, traders still have to make sure they are defining their trading strategies properly if they want to get funded easily.

Below, you’ll find the best trading strategies tailored for Funded Bits, which align with their trading rules and are designed to help you thrive in both the crypto and forex markets.

Strategy 1: Scalping – Achieving Fast Profits in Volatile Markets

Scalping is a well-known trading strategy that traders use in cryptocurrency and stock trading (forex) markets. In Funded Bits, scalping serves as a great option because of the trading volatility with crypto assets like Bitcoin (BTC) and Ethereum (ETH) as well as the forex pairs EUR/USD and GBP/USD.

Implementing Scalping with Funded Bits:

• Capture fast market shifts around entry and exit points with sharp cuts.
• Swift access to market entry and exit can be enhanced through focusing on high liquidity pairs and cryptocurrencies.
• Time frame: 5-10 trades around a session on 1-minute/5-minute charts.
• Stop-loss Risks: Take large losses while trying to protect major losses and a capital with tight stop-loss orders.

Scalping suits traders that can make immediate decisions and close the trade within a short time frame. Funded Bits features advanced tools such as TradingView and MatchTrader which assist scalpers in identifying trends and entering the trade opportunistically.

Strategy 2: Swing Trading – Capturing Medium-Term Trends

A swing trader usually targets the mid-term movement of an equity, thus holding the position for days, and in some cases, even weeks. This often occurs in the crypto, and forex markets, where prices swings occur frequently.

How to Implement Swing Trading with Funded Bits:

Trend Identification: Determine by using technical indicators such as moving averages or by using the RSI (Relative Strength Index) to check if a trend exists.

Support and Resistance Levels: Major resistance and support are used for making the entry and exit decision.

Holding Period: As the trends develop, a position can be held for several days or weeks to capture the trend price in the right profit range.

Risk Management: The wider the stop loss allowing for price swinging is fine, as long as the other elements of risk management are covered.

Swing trading, in comparison to the other types of trading, is quite preferable to people who do not wish to actively participate in market movements with days spanning across them. Swing traders are further provided with a large capital base in Funded Bits, which they can intelligently analyze technically.

Strategy 3: Position Trading – Profit from Macro Trends

Position trading is usually a long-term trading style, aiming to hold a position for several weeks, months, or even years. This method is particularly effective in the crypto and forex markets, where macro trends have significant impact.

How To Use Position Trading With Funded Bits:

Fundamental Analysis: Perform a fundamental analysis of the crypto and forex markets with a focus on long-term projections. With crypto assets, analyze the technology, the rate of adoption, and the regulatory landscape for various cryptocurrencies.

Long Term Charts: Analyze daily, weekly, and even monthly charts to spot trends and make trading decisions.

Exercise Patience: Position traders need the ability to endure short-term volatility of the market to capture significant movement over time.

Risk Management: Manage risks by implementing proper stop loss strategies so that you do not incur losses beyond a set threshold.

Position trading is ideal for those traders who do not want to spend excessive time in front of a screen but have well researched beliefs about the long-term growth of a currency or crypto asset.

Strategy 4: Breakout Trading – Take Advantage of Price Movement Beyond Certain Levels

A breakout trading strategy revolves around making a trade – either buying or selling – after the price has surpassed a certain level of support or resistance. Forex and crypto traders frequently exploit breakouts due to often accompanying sharp increases in price.

Steps to Take on Breakout Trading with Funded Bits:

Detect The Important Price Levels: Employ various technical analysis methods such as trendlines, price channels and even pivot points to look for breakout chances.

Follow After The Breakout: After a substantial level is broken, take up the trade as price momentum will be in your favour.

Validate with Volume: Volume indicators can help to validate the breakout and avoid false breakouts.

Place Stop Loss and take Profit: Place your stop loss just below the breakout point and achieve your take profit based on price movement expectations.

Breakout trading best suits traders who like to capture rapid, significant shifts in market prices and are willing to act immediately upon movement beyond critical thresholds.

Strategy 5: Trend Following – How To Confidently Ride the Trend  

Following a trend is one of the best approaches for traders within the crypto and forex worlds. This approach focuses on initiating trades in the direction of the active trend, with the intention of closing them at reversal signals.  

Implementing trend following strategy with Funded Bits balances can be done in the following ways:

Determining the Trend: Check for the direction of the market movement using indicators like moving averages and the ADX (Average Directional Index).  

Trade with Trend: After confirming the trend, open the trade with it and maintain the position for as long as it lasts.  

Trailing Stop: Implementing trailing stops enables the locking in of profits while guarding against losses.  

Risk Management: Using stops with an unfavorable risk-to-reward ratio ensures profitable trades within less clear trends.  

For traders with high certainty in a certain direction of a market, following the trend until it exhausts is best suited.  

Focusing on consolidating trends formed by the crypto and forex markets where prices bounce between set support and resistance are referred to as range trading. Range trading became a very effective созskill  in these markets.

Strategy 6: Range Trading – Master the Market When It’s Going Nowhere

When price gets stuck between support and resistance, range trading steps in. Here’s how to start your range trading strategy on Funded Bits:

Marking Out Support and Resistance Areas: Mark the price level boundaries with horizontal lines or Fibonacci retracement levels to identify price regions where frequent bounces occur.

Buy Around Support and Sell Around Resistance: Take long positions near support levels and short positions near resistance levels.

Provide Confirmations Using Oscillators: The RSI and the Stochastic Oscillator can help determine if an asset is overbought or oversold confined within the trading range.

Exit During Breakout Moves: Change your range trading strategy to breakout trading when the price goes beyond the defined support or resistance level changing to new ranges.

Consistent range trading is effective for a trader when the market is oscillating and lacks strong directional trends as it offers multiple entry and exit opportunities.

Strategy 7: Risk Management – The True Strategy Behind Every Strategy

Every approach taken requires effective risk control. Funded bits offers features like the 5% daily drawdown cap helps mitigate losses while maximizing returns thus increasing capital shielded return potential.

Effective Risk Control Practices:

Tightly Defined Stop Losses: Always place a stop-loss when opening a trade to avoid losing more than the trade limits.

Risk Value: Achievable target from trade must be proportional. Achieveable– goal attained for each 1% put at risk to earn value higher than 3%.

Diversify Your Trades: Prevent risk from becoming excessive and manage your positions across different assets and markets.  

Manage Your Trades Affordably: Do not exceed the use of leverage, trade with only the capital that you’re willing to lose.  

Smart risk management protects trading capital and enables sustainable growth. It should come before any attempts at high returns.  

Conclusion: Every Trader can use their Trading Strategy With Funded Bits  

Funded Bits provides sufficient capital and flexible resources for all types of traders, be it scalpers, swing, or position traders, and even those prioritizing risk management. With generous funding, superior trading infrastructure, robust risk management mechanisms, and the ability to tailor trading strategies to individual styles and objectives, advanced trading becomes effortless.  

No more risking your own money. No more strategy limits (as long as you follow fair play). Just clean capital, fast payouts, and flexible trading rules – backed by a trader-first platform.

Ready to trade your strategy with zero personal risk?

Explore funded accounts, trading tools, and a no-nonsense payout system at FundedBits.com.