Cryptocurrency Trading Rules And Strategies For Beginners.

Hey Guys
Its jack of all trades here lol, who is willing to share his investment strategies in the cryptoworld.
You see jack here has been receiving some very nice profits from investing in crypto currencies, and as a way of appreciation he decided to share the strategy with his fellow steemians and cryptocurrency investors in addition to this he has been teaching and preaching the cryptocurrency word to his friends at no fees.

Before we get started.
This is to all the people out there who have not yet planned on investing in cryptocurrencies yet, you do not wanna miss out, this is one of the largest trains/ boat/ plane call it what you like that will bring a significant change to the world,

its time you stop ignoring it , if you cannot fight it better embrace it.
Yall out there gonna be like

out of regret hahahahaha and am gonna be like

So lets get started.
Rules Of Investing

1. Never invest in money you cannot afford to lose

2. Never put all your eggs in one basket.
   

3. Always buy low to sell high.

4. Greed and fear should not control you or else you gonna end up like the guy below
   
   , applies mostly when you are trading.

5. Patience is of the essence.
   

6. Never invest in a coin without doing research of its purpose , community cryptocompare and reviews reddit

Investment Strategies
1 Buy And Hold.
To execute this approach all you need is a wallet this is an encrypted account where you can store your coins, only you can access your account by descrypting it using your passwords or the recovery keys given to you, that is if you loose your password. So always keep your recovery keys safest, offline is best, where only you can access, with this key anyone can access your wallet.
The buy and hold approach require patience and good scouting on coins, remember dont invest in any coins some coins depreciate and might get buried.
You can sell at any one time whenever you feel its the right time to do so, but never sell out.

2 Diversify Your Money Into Different Coins.
I will not say much about this strategy since i previously wrote about it, this is where rule 2 applies, dont put your eggs into one basket this approach generates more profits than that of holding even in bitcoin does per weak.
Read my article on Crypto Diversification dont forget to upvote, resteem and follow.

3 Compare Rates On Different Exchange Sites
Am going to share a secret one that i use to tutor my crypto currency students.
I realized that different exchange sites have different exchange rates, so i did my research and came up with pairs of exchange sites that have completely different rates of the same coins.Here are the pairs
-)Changelly/Gatehub
-)Cryptopia/Bittrex
Above are some of the exchange sites i use to trade.
Illustration of the Changelly/Gatehub pair
At times on Changelly xrp (ripple) is trades at a higher price compared to Gatehub
So what do you do? Rush and Log into Changelly exchange your xrp into **ETC(Ethereum Classic) ** here you will get more etc compared to that you would get by exchanging the same pair on gatehub.

After this send your ETC (Ethereum Classic) to gatehub and trade ETC/XRP please note the initial trade pair was xrp/etc.
Trade the 15.1514 Ethereum classic into ripples at a the chart price see below.

Indicated in white 67.884375 is the chart price
Indicated in the green are the currency being traded in our case xrp/etc
You see initially we exchanged 1000 xrp on Changelly to 15.1514
Once you trade the 15.1514 etc to xrp at the 67.884375 price you will get 1028.5161.
Your Profit is 1028.5161- 1000= 28.5161 xrp.

4 BUY LOW SELL HIGH
This is rule number 3, always buy low to sell high, do the reverse and that's a loss you will record.
Mostly I prefer trading on

• Gatehub

• Cryptopia

• Bittrex

• Changelly
  Trading On Gatehub
  Buying Low, Identify the support line on a chart,

• Support line - is the downside imaginary line that markets tend not to break, what happens is they touch this points on a bearish move and retrieve back to the upper side, heading for the line of resistance . N/B its not all times the market trend line/ candlesticks touch the support line.
  Whenever you are buying place an order at a price close to or at the point of support. See below.
  **What If the trend line breaks the line of support?? this line of support is most likely to be the the line of resistance at the new market grounds. See below.
  

• Resistance line - The upper imaginary line where the markets trend line/ candlestick touch and retrieve down backwards. N/B its not all times the market trend line/ candlesticks touch the support line.
  If the market breaks the point of resistance and starts playing on new higher grounds this line of resistance is more likely to be the line of support for the new grounds.
  Patience is of the essence.

Disclaimer

• The shared strategy is ones @brianadams way of trading and multiplying net worth and number of coins.
• Please do your own research before getting into an trade, this is for the best of your investments.
• This is my own personal opinion, expressed according to my own personal understanding.*
  

Remember we Rise By Lifting Others.