You are viewing a single comment's thread from:

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

Assalamualaikum brother.

I hope that you will be doing well. You have presented a very beautiful post and I commend the efforts that you have done whole creating this informative article.

You are right that the cryptocurrency trading is the process of buying the cryptos at low rates and selling them at higher prices to secure good profits.

But, I will make a bit addition to it, crypto trading is actually the process of taking advantages from the fluctuations in the cryptocurrency markets..

You are right that 2% rule is very much important for the beginner trades for the management of high risks associated with the market.

if you have bought a crypto coin and suddenly the price drops you don't need to panic by getting out of the market right away because it will make you lose big

Very right, we should not be panic of the loss that we have to experience due to the fluctuations in the crypto markets. We should be calm while trading.

Thanks for sharing and good luck for the contest.

Sort:  

Thank you friends, the comments you gave are very good, I hope we continue to be successful and happier.

Coin Marketplace

STEEM 0.19
TRX 0.18
JST 0.034
BTC 89093.88
ETH 3168.62
USDT 1.00
SBD 2.75