Maximize Your Earning Potential Using A CRYPTO and Stock Trade (#Must read by beginners)

in #cryptotrading2 years ago

Hi everyone,
Foreign currency and CRYPTO trading is a very lucrative investment option, but the inexperience and lack of knowledge in foreign currency trading makes beginners a little apprehensive about the whole affair. They fumble when it comes to opening and closing trades in the market. Also, they are unable to tell the high-earning positions from the unprofitable ones. Using a trade software might be the best option for most beginners until they get a deeper insight knowledge into the working of the Forex market and are able to trade independently. Here are the 7 tips that you must read before investing :
Tip#1 Have a purpose to trade
It is important for you to have a motive or purpose for entering into crypto currency trading. Whether it be day trading or to scalp, a motive is always vital to drive you towards it. Get the idea clear that in crypto currency someone wins and someone loses. The crypto currency is controlled by large whales and it is highly volatile. So when you make a small mistake, all your notes are in the hands of big whales. So sometimes it is better not to gain anything from certain trades than welcoming losses.
The best way to protect your crypto currency is to keep off from some trades.
Tip#2 Make target for profits and losses
The simple yet tough thing we need to know is when to get out of the trade whether we are on profit or loss of Bitcoin. It is important to set a stop loss level which can help in cutting your losses, this is one of the traits that all investors must have. This is also the same case for profits. Don’t be greedy, set a level for profits too so that things will stay right.
Tip#3 Stay alert during FOMO
Fear of missing out is one of the most common reasons why cryptocurrency traders fail in the art. Most of the people see crypto currency trade from outside and start assuming things that they are going to run into profits. But this is not the realistic picture of cryptocurrency trading. Your fear of missing out can be a good opportunity for others to catch hold of the digital currencies. So stay alert in such situations.
Tip#4 Keep tab on your risks
Be wise enough to not to run behind making massive profits, but rather stay put and gather small profits and be on the crypto currency trade on a regular basis. It is a good idea to invest less on your portfolio in a market which is less liquid.
Tip#5 Go with market cap than affordability
One common mistake all beginners do is that they buy a coin when the prices are low. But the decision to invest in a coin should have little with affordability and more with the market cap. It is better to use a coin’s market cap to choose or decide to invest or not rather than using its price. The higher a coin’s market cap is, the more suitable it is for investing in crypto currency trade.
Tip#7 Crowd-sales
With Initial Coin Offering, startups offer the public an early chance to invest in their idea through a crowded sale. They are in return going to get tokens at a lowest price to sell them at a higher price during the exchanges. ICOs can be quite successful with regard to the records showing some tokens ended up more than ten times the value of their projected returns. So keeping an eye on the team behind the project and analyzing their ability to deliver on their promise is vital.

DO YOU WANT TO LEARN MORE SECRATE TIPS TO EARN $1000 IN JUST ONE WEEK: Click the link below

tinyurl dot com/57zwxt2r (Copy & paste the link and remove the dot wih actual . )

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