Topic: how to trade safely in crypto currency? - page 2. (Read 701 times)
Try to diversify when investing like investing in more than one project and to be safe trade with established coin the risk investing in new coins are high and most time disastrous
you need to learn crypto trading because trading require knowledge experience and skills,there is some good youtube channels where you can learn trading
At first you learn knowledge about trading. You should knowledge about market which coin is good and which coin is not good for trading also you watch video about cryptocurrency it should be help you.
But now this time all market now down so it's very difficult trade cryptocurrency.
But now this time all market now down so it's very difficult trade cryptocurrency.
i'm already in loss of 2k dollar in trading...how to take safety measures from loss
don't panic, pls hold
wait first, don't u think not the good moment to do anything now i'm already in loss of 2k dollar in trading...how to take safety measures from loss
I think investing is more secure. Consider such projects as MobileGo. 66 on coinmarketcap a few days ago.
safely is not even applicable in a very unpredictable environment
The only form of safety and means to trade wisely is through investing with your spare money, we all know of of the volatility of this network and one wouldn't want his or her life savings stuck and at a 90% loss. And also before trading it's best to make sufficient research on different methodologies and hinge on the one that suits or fits you and you feel you're most likely to come out on top
safely is not even applicable in a very unpredictable environment. no one know what's gonna be the behavior of the market today. assumptions can be lucky streaks if you got your bets right.
that's a lot of money for me. on my part, i still can't go all out specially now that btc is so down. i suggest continue researching.. put in small amounts first before you fully throw everything.
There is a high risk in trading and you should know of that. However, you can see and check market and find out when you should buy crypto and when you should sold your crypto. Base on experience as trading crypto like for example bitcoin, I usually but it when market had a huge dip or when it is red. And then wait for some time when market is green or has a good market price increase then that is the time I will sell my crypto holdings. Then buy again if market will have another dip.
i'm already in loss of 2k dollar in trading...how to take safety measures from loss
I think investing is more secure. Consider such projects as MobileGo. 66 on coinmarketcap a few days ago.
i'm already in loss of 2k dollar in trading...how to take safety measures from loss
I think investing is more secure. Consider such projects as MobileGo. 66 on coinmarketcap a few days ago.
i'm already in loss of 2k dollar in trading...how to take safety measures from loss
The obvious answer is a stop-loss, which limits the amount you can lose on each trade.
You might want to step back and study a bit more before rushing into trading. Here's an introductory tutorial on beginner trading and technical analysis strategies. It's important to have a trading plan (including stop-loss) for every trade you enter.
Trading is not something you simply dive in because you heard Mr A is making huge profits from it, you'll definitely need to learn how to trade effectively and the sort of market situation that suits your form of trade
You've already lost so much in a short time, take a break from trading and try studying how to trade effectively,you can use the forums search button
You've already lost so much in a short time, take a break from trading and try studying how to trade effectively,you can use the forums search button
I can already tell you that you're doing it wrong, and it's not because you lost money, but because you've invested without knowing the basics. If you invest like that it's pure gambling. You're putting money on the line and hoping to get lucky.
Firstly, you should trade with the market, not against it. We are in a bear market, which means that shorting will in general be more profitable than going long.
Secondly, you have to decide is for someone with no skill and knowledge trading is the best option. Do you have time to watch the market every day? If not, wait for the reversal and go long. It's much safer than trying to predict the bottom.
Firstly, you should trade with the market, not against it. We are in a bear market, which means that shorting will in general be more profitable than going long.
Secondly, you have to decide is for someone with no skill and knowledge trading is the best option. Do you have time to watch the market every day? If not, wait for the reversal and go long. It's much safer than trying to predict the bottom.
Clearly you don't know what you are doing if you are asking for help on how to "safely" trade in crypto. If my guesses are right you have zero knowledge in trading that is why you are asking a very vague question so my advise is for you to stop trading crytocurrencies first and convert your holdings to fiat. After that you should study how to trade particularly learn how to do technical analysis as this is gonna be the backbone for your trades, basically TA is what you need to reduce the risk and survive in trading.
There are not 100% safe with trading. To reduce the chance for loss money, it is important to gain more experience and knowledge with trading. Researching and find more information before investment. For limit loss I prefer invest small amount each time. Sometime patience is also important, some coins drop their price short term and their price will recover eventually. Now is still bear market, most coins are drop, so when the market recover, some of the coins will recover, If you didn’t sell your coins, then it doesn’t lose anything yet, this is only my opinion.
In a market like this, it is very difficult not to lose money. Many altcoins have lost about 90% or more in price. As written above, use stop losses to minimize losses.
It's either one of these two:
- You trade safely by just allocating smaller amounts for your trading especially if you're still a beginner. To be an effective trader, not only you need to be good at playing with probabilities, but you also need to control the risk factor. Knowing that you lost 2k and that it seems that you're not confident with your trades at all, you should definitely be using small amounts.
- Just don't trade at all.
Trading crypto currencies is a hell of a ride and definitly not for newbies. First of all you have to control your feelings and dont fall for FUD or FOMO. 90% of losses happen because the trader cant control himself. There are a lot of very good traders out there, some of them even share training videos for free, eg. @philakonecrypto
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