11 Things you should know when entering the Cryptocurrency market.
Maybe many investors come to the market in the mood that the market will be rich quick, we will reach the target few even several tens of several hundred thousand $ 1 month. There are people who take a lot of money to play, some win some jobs at home trade. At the command, the hands are eaten in the fall, psychological sewing and bad luck and of course, most of the following months are nothing but the body of wild raspberry. I would like to share with you some things as follows:
This is a game of psychology and probability, no one is 100% sure of all possible outcomes, we can only try to win as much as possible and lose the least possible (both numbers money and odds. Try to control the cycles of psychology and accept that there are times when the cycle is suddenly broken by the unexpected.
Manage losses, do not enter orders when not know how many stop loss or at least lose money in the worst case.
Always learn and see the market as a battlefield between intellectuals playing together rather than a casino where gamblers sew. Good knowledge and psychology are the strongest weapons in this market.
Point orders when there is reason and a clear analysis, not just because they are cheap or emotional.
Do not set too high interest rates create a bad psychological burden for the trade. 10% -20% -30% a month is appropriate. trade because it is passionate, the rest of the money to earn talent.
Determine that the test with a baby account until long enough to understand the market to where to invest with larger capital.
If you do not have too much time for trade you can hold. Set yourself the principles of investing. (Time, fund, etc.)
Use free money to invest. Do not borrow money, mortgage assets to play. Determining if the loss will not affect the current life.
There are many individuals and organizations who use coin to become a fraudulent and profiteer. Because of the current crypto market, the government does not yet have specific laws to protect its market participants. Always improve your understanding and learning to not become victims of these scams.
Now there are many ways to enter the cryptocurrency market without capital like airdrop and bounty. If you have reasonable time funds and clear goals, you can earn the relative income.
If you join and earn the interest. Know how to use it properly. You can reinvest as well as learn new skills for yourself. After all, money is just a tool for us to be happy. Enjoy the real value around you.
If you see my post is worth or want to say personal opinion please Upvote, comment down below me and you will exchange the same !! And if you find my article valuable, let #share let people around you know and understand more about entering the trap market. The last thing I want to send to myself and you. .
HAPPY TO BECOME SMART INVESTORS.
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