How to Trade Crypto

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There are two types of trading strategies applicable to traders operating

in the cryptocurrency market:

Two types of traders

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Long-term trading

 

Long-term traders buy and hold cryptos on

a long period of time. They may hold a

cryptocurrency for weeks, months or even

years. They study price trends over a long

period allows long-term traders to make

informed decisions and avoid suffering from

short-term declines in value.

 

If you believe the value of a cryptocurrency

will grow steadily over a long period and don’t

want the stress that comes from short-term

value dips, then this method might be your

best choice.

Short-term trading

 

Short-term trading avoids the security of

long-term trading for the chance of taking

advantage of short-term rate fluctuations and

involves buying and selling cryptocurrencies

over the span of a few hours to a few days.

 

Taking advantages of the natural volatility of

cryptocurrencies by getting in and out of a

trade quickly, then this method might be for

you.

Nine Rules of Crypto Trading

Only invest what you can lose.

Reports of frustration and losses came at the cost of broken monitors, smashed laptops, and heavy monetary losses.

While the rules are in the more particular order of importance, it’s safe to assume that this is the most important rule, the

rule to rule the rules. As soon as your money is converted into cryptocurrency, consider it lost forever. There is

absolutely no guarantee you can get it back.

Always pay attention to Bitcoin.

Most altcoins are tightened more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial

Crisis. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in

price.

Diversify.

The potential to earn more is increased with the amount of money you invest in a coin, the potential to lose more is also

magnified. Another way to think about it is to look at the cryptocurrency market as a whole; if you believe that this is just

the beginning, then more than likely the entire market cap of cryptocurrencies will increase.

No one ever lost money taking a profit.

Get into the habit of taking profits and scouting for re-entry if you want to continue reaping potential profits.

Don’t invest blindly.

There are people in this world who would sell a blind person a pair of glasses if they could make money. A good investor

will always do his or her own research in order to take full responsibility for the potential investment outcome.

Information coming from a trustable source is great information.

Don’t FOMO.

This is a spot that people most frequently lose money on. But the reality is, the combination of 1) being greedy, 2)

investing blindly, and 3) FOMO were likely large contributors to the purchase at an all-time high. Even in the crazy world

of cryptocurrency, if a coin pumps that quickly, it will correct — it’s a matter of time.

Categorize your investments and look at the long picture.

In the process of your research, you’ll eventually realize you’re coming across a few different categories of coins. For

some of them, you believe they have good teams, big vision, astonishing publicity and a track record for successful

execution. Great! Put these into medium or long-term holds and let them marinate into a delicious tenderloin. When

the price dips, don’t even consider panic selling because anything in your medium or long-term portfolio should remain

untouched for a set amount of time.

Never accept a total loss.

Always learn from your mistakes. Always estimate the situation and try to figure out why it happened. Take that

experience as an asset for your next move, which will be better because you know more now than you knew before. We

all start off as amateurs, and we have all lost money throughout our trading experience. Don’t let the losses control you,

because the reality is they’re making you a better trader if you choose to learn from them.

If you are doing active trading, set stop losses.

For any coins not in your medium or long-term holds, always set stop losses. This is important for several reasons — the

most obvious is decreasing your losses.

P.s Please don't keep that none of this is investment advice. Invest at your own risk!

Past performance is not necessarily indicative of future results. All investments carry risk and all investment decisions of an

individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in

profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any kind of

investing they choose to do. Hypothetical or simulated performance is not indicative of future results.

 

RISK WARNING - TRADE RESPONSIBLY: Derivatives are leveraged products that incur a high level of risk and can result in the loss of all your capital and may therefore not be suitable for all investors. You should not risk more than you are prepared to lose and before deciding to trade, please ensure you understand the risks involved, take the level of your experience into consideration and seek independent advice if necessary. We strictly do not provide trading advice. To read our full risk disclosure statement, please click here

 

 

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