*(3) Types of traders in the cryptocurrency market & Some tips so as not to lose your money.
- The first type
He is the manipulator I call sniper or trader opportunities and short deals
The disadvantage of this type of trading is that it is difficult and involves risks and technical analysis in the currency of success rate of 50% and it is necessary to rely on the news in parallel with the analysis
Even if most deals succeed 90%, failure of 10% of transactions would take a large percentage of profit and sometimes part of the capital also
- Type II
It is the trader I call a trader, a farmer who searches for strong currencies and buys and stores them until the price rises and sells them
This kind of "trading" is easy and anyone can do it and it also carries risks but it is less of the first type
The disadvantage of this type is the wait for a long time and the accompanying psychological effects in addition to the risk of the collapse of some of the stored currencies or decline in value permanently for any reason known
- Type III
The trader is the farmer and the sniper at the same time that he buys and stores strong coins and at the same time prepares his gun (part of his capital) to catch opportunistic opportunities in short deals and uses the profits collected to support stored savings and also to extract part of the invested capital
Tell us what kind of traders are you ???
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Interesting post, thanks!
U R welcome
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