The important rules that every investor should know!
Every person is trying from morning till night to become financially independent. There are some exceptions who want to earn money through hard work and there are some people who want to become big men overnight. But one thing we must admit is that every investor who invests in the crypto market has the desire to become a millionaire and build their wealth. When investors invest in these digital assets they have a kind of idea and they want to become millionaires fast. However, this kind of thinking is common to most people and due to that greed, many people are constantly investing in various places and most of them are being cheated.
Some of the investors who are in digital assets invest out of greed after hearing from people, while there are some people who invest without realizing it to become big men overnight, and there are some investors who are very experienced and who use their skills and experience to make money from the market. doing In simple words there are many experts and beginners among crypto investors. But it is also true that there are many investors among us some of whom know the rules of how to trade. Again there are many investors who do not know the rules of how to make a profit by trading.
But one thing we must accept is that those who have been in the market for a long time and understand the reality are the ones who have become very experienced and who have educated themselves day after day in crypto. But to be honest there are many investors who are very new to the market and hence they cannot control their emotions and manage the market risk.
There are many crypto investors who get overly greedy and engage in futures trading or leveraged trading to become big men overnight. But such trades are like complete gambling. Just as one can become a big man overnight in gambling, one can also become a fakir in the same way. But leverage trading is never profitable. Think about it, if you could become a big man overnight through leverage trading, then all the people in the world would not be spotting idly.
One thing to keep in mind if you want to become a big man overnight then you must make someone a fakir and become a big man. But honestly, who wants to be poor and who wants to lose everything and make you rich? You use your conscience and think that the crypto market and any other financial market is never designed to make you rich overnight. At the end of the day if you get addicted to this kind of leverage trading you will no longer invest and you will be known as a gambler. Consider the reality that a gambler will never get rich.
Avoiding leveraged trading I think is very important for all crypto holders. Observe those who do such trades. Especially that opportunity is currently available through copy trade. You will see that investors who made a profit in one week suddenly saw a huge loss in 1 week. Because we know digital currencies are known for volatility. We know how other altcoins crash massively when Bitcoin crashes for some reason. Then many people liquidated. So always think about investing instead of trading. So along with that we must also avoid frequent trading and completely avoid such leverage trading and trade it using practical knowledge and skills.
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Doing your individual research is one important rule every crypto investor should know, by carrying out thorough investigation the investor can reduce the likely hood of falling victim to poor investment or cybertheft
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Great article from you, I really found it quite beneficial and no doubt I agree with you absolutely, am sure every investor would find this article of yours to be helpful due to the ñice tips you have shared. Welldone
Crypto is not a game that should be played for a day instead it's a journey that we need to follow to make available portfolio and whoever has been part of this market for the last few years understand it well