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RE: Steemit Crypto Academy Contest / S7W3 - Understanding Crypto Trading.

@simonnwigwe
Hello dear thanks for participating in the engagement challenge. That the main goal of crypto trading is to make a profit by buying assets at a low price and selling them at a higher price, and that this requires knowledge of market trends, risk management strategies, and technical analysis.

That are important for a crypto trader to keep in mind in order to be successful. These principles include risk management, diversification of portfolio, understanding the market trend, conducting research, and controlling emotions.

It states that understanding the background and purpose of a coin is crucial before investing in it, and that fundamental analysis can help traders determine the reliability and long-term potential of a coin.

Nice to read your post. Some of the reasons I mentioned in your post. Gud luck for contest.

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 2 years ago 

Thanks for your wonderful comment my friend.

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