My Top 6 Cryptocurrencies Trading Tips!!💰💰

in #bitcoin7 years ago (edited)

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Hello dear friends,

There are various kinds of cryptocurrencies available in the market some of them are good and some of them are just useless and so i do a lot of research to know the right way of cryptocurrency trading,and in this article i want to share my top 6 tips for crypto trading.

1.Know Your Cryptocurrency:-

Friends the first thing to do before start cryptocurrency trading is know your coin first before investing in it, because there are so many useless coins available in the market that have no good technology and development team behind them,so before investing always collect all details of your coin.

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2.Collect Your Own News:-

Friends in this market so many people are posting fake news about cryptocurrencies rise or fall,they are only want to manipulate the prices according to their pre panned schemes,so always try to avoid these rumours and try to collect your own news about your coins and you can do this very easily by following your cryptocurrencies tweeter or any other official social media account.

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3.Invest Within Your Limits:-

Friends don't invest your personal life insurance policy fund or any important educational funds in this market,one must be prepared to lose all the 💰 money allocated for cryptocurrency trading,

A old saying applied in this and every trading market is:-

"Plane for wrost,but hope for the best" 😊

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4.Set Orignal Goals:-

Always set achievable goals for your investment, because crypto trading is not a scheme that make you rich over night,so don't be so greedy and always set realistic goals like 10%,20%,30% and follow this goal.

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5.Don't Panic:-

Friends this is the most dangerous thing to avoid in this field,if your investment goes down don't panic and give it some time to be mature and overcome this market conditions, because if you Panic you will definitely sell your investment at loss,so be patient and don't panic.

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6.Don't Put All Your Money Into One Coin:-

Friends i see so many people who invest their all Money into a single cryptocurrency for making so much profit from that single coin but this strategy is wrong according to me because, suppose right after your investment in your selected cryptocurrency the market start crashing then you probably stuck with that coin in that market for a short or long term period and loose the opportunity to invest into the other cryptocurrencies that are available at very cheap price in that crash,so always invest your money into many small parts for best results.

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So these are my top 6 tips for cryptocurrency trading i hope you like it Friends.😊😊

You can follow me at :- @thecrytotrader

Don't forget to RESTEEM if you like the post.

(Image source:- https://www.google.com)

Thanks.

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Great tips for trading, thank you for sharing!

Welcome buddy :) nice to see your comment @oceancoinz

No problem, keep up the great posts and advice. Learning is the best when it comes to trading and investments.

Just to say a big thank you CTT and I appreciate the Steem Dollar you sent. Always Following and well done for reaching that big 700 milestone! Awesome! :-D Keep Steeming high.

thanks for the tips buddy

Welcome buddy :)

This post has received a 1.94 % upvote from @booster thanks to: @thecrytotrader.

nice information thank you for sharing valuable information

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