I did trade crypto some years ago, and it did not go well for me. I used to buy a lot of new shit coins then, and most of the time, I sold them either at a loss or the coin got out of the market. But I had never put all my investments in one coin, I split them between some "good coins" and played with the rest. Also, you need a good budget to start trading, you can't even focus on risk management if you have only 100$ or 200$ in your account.
In my opinion, 1000$ is the standard amount if you want to start trading with proper risk management and planning, don't take my words as an investment suggestion, do your own research.
Topic: How do you manage risk in crypto currency - page 2. (Read 277 times)
Please I want to know the risk management in cryptocurrency an how to calculate them for both investor and trader.
I don't know how much you like to read but, being in a discussion platform where most of what we do is verbal communication, i take it that you are cool reading and i think, you ought to read some books on finance to get insights on how to handle your financial activities.I'll recommend "The richest man in Babylon by George Clason" and "Rich Dad, Poor Dad by Robert Kiyosaki".
There are several tips to money management and how to sort put investment opportunities or how to invest at large.
When it comes to trading?
It's generally analysis as per what's cool with you. I don't know what to really say to you on this one but, you've got to study the charts and when your not fully convinced on the signs and your indicator don't seem to hit it just right, you could just jave to let it slide.
Also, in the event of a lose, double thoughts could mean, leave the market. You have to agree or just don't.
I think to calculate the risk you need to learn about fundamental analysis and learn how to trade before you can able to calculate the risk.
There are lots of guides out there to learn how to trade but if are lazy to use search button you can use this link below it should be enough all you need is already there.
,- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
There are lots of guides out there to learn how to trade but if are lazy to use search button you can use this link below it should be enough all you need is already there.
,- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
Please I want to know the risk management in cryptocurrency an how to calculate them for both investor and trader.
Im not sure if this can be specifically quantified for risk assesment it will always depend on your budget. If you are a trader whose fund for example is $100, and you dont want to get burn a lot. Then use that to buy a particular stock. Now if its value goes down beyond your loss assumption let say 20% only then at $80 just sold it. If thats your allowable money to risk with. Depends on your apetite actually and time for this kind of loss. But if you are an investor, you should not look into prices like traders do cause you are doing long term. Even it goes down more than 50% just leave it. You are investing for long term goal and dont mind the drop.
Please I want to know the risk management in cryptocurrency an how to calculate them for both investor and trader.
Jump to: