How to Minimize your Risk in - Crypto Trading
Hello all Steemians,
I hope all you are doing well and earn a decent income from Crypto Trading. But few things you must always in your mind while trading in Cryptocurrencies or investing in. As you know that this market is too volatile and can ruined you and you can loose your all of hard earned money that does not means that you have not been involving in crypto trading do but with proper guidance and proper goal.
There are few example that will blow up your mind:
Bitcoin started with $0.001 and it’s highest price reached at more than $19,000 and again drop more than 200% so if any newcomer enters on that price than he will surely says that Crypto investing is bad and who have buy at below $5,000 price than he thinks that Crypto trading is better than any other investment.
So you must learn from this movement that you have clearly known your entry and exit time.Invest only in top Crypto currency like Bitcoin, Ethereum, Litecoin, Ripple and other top 20 currency only. Never go in any ICO investment and also choose best Cypto trading platform like Binance, Bittrex etc.
Never do leverage trading if you have not any professional knowledge about derivative trading and how it works.
Do not waste your time in any signal website or telegram channel just improve your own technical analysis skill on Tradingview platform which is free to use basic function and even many premium also.
Always use stop loss the golden rule of trading is “ Minimize your loss profit automatically generated” so before put any trade you must clear about your stop loss and profit limit this will resist your loosing all money.
Thanks for visit my blog.
lijep post, to bi stvarno pomoglo ljudima da znaju više o dobivanju profita na kriptoteku.
Hvala ti prijatelju
samo kupi i nemoj da prodajes,drzi dugo poziciju,ne plasi se pada bitcoina
ti kupujes zlato i to se cuva ,kada dodje na 1000 posto profita prodaj pola ,poziciju drzis 5 do 10 godina
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I wish I knew those things a couple years ago!
Don't remember past and only learn from it.
bitcoin bull run strat coming days
already started...
Good to new commers.
follow @miniearning for updated crypto world.
@ajaygautam As per my view Choose what cost will be your stop-misfortune cost before you begin any exchange. Since the movement happens on the blockchain it will stay open and straightforward, however it offers a layer of insurance against instability.
I don't think so
You are very intelligent but i don't agree with one of your thoughts u said only invest in top currencies thats not a good deal bcz there Mcap is already at the How to Minimize ur risk and loss we r here for gains not for technology i don't say tech is useless crypto is revolution but we also need to buy new undervalued great projects that how we gain insane amount of profits
That's how I was feeling about it too. Sometimes betting on a small coin pays out. This post has a good set of guidelines for people just getting into cryptos
Thanks @masscollective
You are right but i should want to say who have not research on any new coins and invested if you are professional trader than you must know parameter of become a good coin in future but not for new comer.
These points apply only on newcomers so they can not persist or take any loss of their hard earned money.
Thanks for alerting some points for investing in crypto and ICOs,
Thanks Again
You welcome @vbmanvar
For me I find that if you must be a successful trader you must be willing to learn( market psychology, etc) and also devote time, lots of time.it takes time to sieve through the news and spot an upcoming bull, it takes time to do fundamental and technical analysis. If you can't commit I'd say just stick to buying and hodling.
News also affect the price and also decide(sometime) bull/bear market but before than newcomers must learn basic or fundamental and technical analysis like chart, candlestick and indicators.
I know how to minimize stress when trading cryptocurrency.
Dont do it yourself. Do it like me and get a trading cat.
Intelligent Cat.