The Tips Every New Investor and Trader Should First Follow

When it comes to Investment or trading in the crypto market, it is usually confusing if you are a beginner or have traded or invested before in the crypto market, but stopped along for some time.

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In the crypto space, there are vast opportunities for everyone to make money, which will be pleased for me to tell you that when you want to make money in the crypto space you need money to make money and the right resources that will guide you through.

Here in this post, @josepha has shared with you the rightful tips you should follow as a beginner Investor or trader who wants to succeed in the crypto space and the financial markets at large.

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Tips For Beginner Trader/Investor

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• BE FINANCIALLY BALANCE

As I said earlier, to make money in the crypto space you have to use money and make money in the crypto market which is just like every other financial market. Once you missed airdrop, which is a means by which you can earn cryptocurrency for free, then think of using your money to invest.

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Now, before you think of investing, in crypto, you have to make sure you have a financial balance. It is good you have some savings to allow your capital to keep increasing.

Having emergency funds somewhere outside the one you have decided to use for Investment can help you grow your portfolio as you will not be withdrawing your profit. Instead of withdrawing you will be reinvesting it.

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• HAVE A DETERMINE GOALS

Setting a goal for yourself will give your investment a purpose that you will be determined to achieve. Your determined goal can be turning $100 to $1000 in less than 3 months. Before setting your goals you should think of the things that are more important to you and then likely you have to accomplish them.

When it comes to crypto trading and Investment, I always advise those am mentoring to set a goal for themselves by writing them down and looking at them each time they want to trade. Goals are simply the results that you want to achieve.

If for example, your goal is to turn $100 to $1000 in less than 3 months, then you should strategies and set a plan on how you will achieve the $1000. The truth is a person without a goal is like a person chasing his/her shadow.

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• HAVE A MENTOR

You can't learn everything all by yourself. Having a mentor can ease your stress and put you on the right track. As a beginner look for someone that can be coaching you for time. With a good mentor by your side, you will excel in whatever you want to do in the crypto world.

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It is just like someone who joins Steemit without having a mentor and someone who joins having a mentor, the user with a mentor will learn faster than a user without a mentor. Get in contact with someone legit and well-oriented to teach you all the basics things ought to know.

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• DON'T BE AFRAID OR TOO BIG ASK FOR HELP

Feeling shy, or too proud, will deprive you of learning. Knowledge an Englishman said, is power when it comes to investing, what you should first do is acquire the knowledge and skills regarding the industry in which you want to invest in.

The crypto industry is so large and full of different words that are similar to each other that it is difficult for one to know everything. For example, you can see someone who knows how to analyze the market very well, but he/she may not be good when it comes to Investment and diversification which you shouldn't be afraid or too big to ask for help.

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Conclusion

_{Today, in this post, we have learned the tips that every new trader and Investor to get along with in the crypto space. Note; this is not investment advice but serves as a piece of educational information.}