Some advice about cryptocurrency trading.

rupok (80)in Steem Alliance • 2 years ago

Hi all my friends of this wonderful community. How are you all? I am fine by the grace of Almighty Allah. I hope you are also doing good.

The condition of the cryptocurrency market has been very bad for a long time. But after waiting for so long, the market condition seems to be slightly better for the last two or three days. Many of those who have been patient for so long may think that the bull market has started. Seeing this situation, many people have fallen into cryptocurrency trading. Many are dreaming of golden days ahead. My post today is mainly for those members who want to do cryptocurrency trading.

I am not a trading expert. What I am going to say today is from my own experience. Many people find trading very profitable. Thinking that it is profitable, he jumps into trading with all his savings. Then, as usual, he lost his all money and sits upset. Do you know why this problem occurs? The main cause of this problem is jumping into something without having a good idea and getting too greedy. There is no need to run every time when you see profit.

Before doing any work, the rules of that work should be known well. To start trading you need to know how to do market analysis first. If you can't do market analysis then my advice to you is stay away from trading. Because only those who rely on rumors without knowing market analysis come to trading. Among them, 99 percent of people lose their capital. And Cryptocurrency trading is a very complicated subject. Here you don't just need to know market analysis. Also you need to stay updated about all the important economic news from all over the world. Because any major economic change can cause major changes in the cryptocurrency market.

That's why if you want to do trading then first of all you should learn market analysis. Then check your skills through dummy trading. At the same time stay informed about the news of all the important economic changes in the world. Once you have mastered all these things, you will be ready to start trading.

However, no one can guarantee you that you will be able to make profit in trading if you know them well. Because as I said before the cryptocurrency market is a very complex place. Because many people who know market analysis have lost a lot of money here. As a result, if you want to come to cryptocurrency trading, you have to come with the mentality of accepting losses. And my advice would be that you should never take all your savings into cryptocurrency trading. You will come down with such money that even if you lose money, you will not have any problem.

That's all from me. Hope to see you in the next post. Till then it’s good bye.

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