5 THINGS TO HAVE IN MIND WHILE TRADING CRYPTOCURRENCIES.

in bitcoin •  21 days ago

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Trading cryptocurrencies involves a high level of risk , understand every concepts involved before trading. As cryptocurrencies would differ from traditional markets .cryptocurrencies are highly volatile markets so trade with caution.

  1. Have a plan: before you carry out any trade on any cryptocurrency exchange, make sure you have a specific plan that you would stick to while trading.

2)Know your limits: always know when to exit the trade either taking your profits or losses.

3)Take your time : study the trade you want to make, by properly carrying out your technical analysis very well.

4)Capital mangement$ : when it comes to money always think twice. trade with what you can afford to loose.

5)Do not fear: eliminate every form of doubts and fear in your mind to avoid FUD from captivating your minds.

always remember after the lows come the highs

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