Topic: trading tips and advice - page 3. (Read 672 times)
The most effective way to increase your potential income in cryptocurrency world is to know how the market works, and you should invest a lot of patience in order to avoid huge lost in the future. When it comes to day-trading/long-term investment you have to buy everytime you see the market at very low value, and sell it whenever the market is at high this will be able to maximize your profit margin.
Keep in it in a piggy bank and it will stay the same way. 
Look, with every investment there is risk alongside it. It is just larger in the crypto currency industry. You are risking more by trading it though. Holding it wont make you much so better just do the risk.
How to keep yourself safe? Better see to it that the money you will be using is not for rental payment or electric bill and any other bills.
That means it is just an excess of what you are making. That way there will be not much regret when you lose it.
Look, with every investment there is risk alongside it. It is just larger in the crypto currency industry. You are risking more by trading it though. Holding it wont make you much so better just do the risk.
How to keep yourself safe? Better see to it that the money you will be using is not for rental payment or electric bill and any other bills.
That means it is just an excess of what you are making. That way there will be not much regret when you lose it.
for example i trade with 500$ after some days that particular coin raise up my 500$ turn to 600$ i can use 400$ to invest and use the other for home purposes but i think it can work if only the coin have a good value but when the coin worth nothing your 500$ might come down to 200$ that's the risk in trading sso please is this decision of mine good or bad?
In day trading, You will need to be online almost every 30 Minutes, What I feel you should do while trading, you should increase the number of your coin when the price goes down so as to when it will come up you can profit.
I think that everything is as easy as ABC because you need to sell when the price is high and buy when it is low. To my mind, it is better to trade according to the standard rules known for years
All trade in the crypto currency is a kind of "roller coaster": a trader buys a coin during a Dump and sells during a Pamp. The more coins he has in his portfolio - the higher the probability of making a profit! This is how all known financial funds work, and ordinary traders also work. All the complexity in one - to properly compile a crypto-currency portfolio. I hope that at the moment there are a lot of top coins already collected in your portfolio and are you waiting for Pump?
trade is certainly very big chance of his profits. profits can be per day thus percent. Advice to know is. If the price suddenly suddenly suddenly drastically. of course you do not panic to sell the assets because I think it is a very reasonable thing. Do not panic if you become a trader.
Crypto market is very volatile, it is very likely for you to face loss any time. However, there is a very huge chance for you to make huge profit if you invest on the right coin. My suggestion is to reinvest from the profit you make, not all of it, but the least amount which you can afford to lose. In this way you can maximize profit and reduce chances of going bankrupt.
The desire to trail is at all. But my personal experience has shown huge costs of temporary and just the loss of money. I realized that I was better at investing in ICO.
Trading strategy depends on the level of risks you want to take. If you are into high risk, yes you can reinvest your capital and profit. The safe bet and lower risk option is to take back your capital and reinvest with the profit you have made.
Like every single person that participated in this business said, Patience is the key, it is really proven. But if you are new here, do not invest all your money because this is not assured profit and not all people here gains profit, set aside for your future and enjoy life. Cryptocurrency is just a part time where you can get income that doesn't require much of your time.
If you are completely new to trading, first just observe the coins in which you want to invest, see how they react to the news background by studying the basics of technical analysis and only after that go to the market with your money.
The market of digital currency itself is very unpredictable and volatile, so the risk power is key, as any time you are likely to face a loss, just as any time you are also likely to win. So, the key here lies on your researches, nothing else. Always try to reinvest from profit, bit by bit, and if progress is postive carry on.In this way you can maximize profit and reduce chances of going bankrupt.
The best thing in crypto trading or any other currency trading is you invest the money which is not very necessary for you now and in time of trading, you remember to put your currencies in more than one tokens or project. When you get a decent price, then withdraw some of your money which you must and other currencies you trade in another investment. Invest in a portfolio whenever you get higher value from a project. don't put in just a project and also not to trade all of your currencies on the whole. And your idea is not very suitable to be successful.
Try to minimize your own risk and invest your currency in a secured project. I think crypto market will give you more profit with a little risk to invest in crypto and get benefit from it.
Everything is depends on your strategy. You have to take some big risks as this marketplace is very risky.
I completely agree with the fact that the market is very risky, always think about it, so that in the end it does not happen that you will simply lose all your savings, I hope you remember this simple truth.
The main thing when participating in cryptocurrency trading is to have a precise plan of action and follow this plan always. You also need to have an iron character. Psychology is almost the most important thing for a trader.
That is a good strategy, always taking away your profit from trading when your investment multiplies. I also did that before and it really is advisable to take home those money you win as much as you can because trading is not all about winning. Those take home profit can also use as a back up in times of losses.
I think that is for short term investment, if you know that it increase and you can get an profits you will take it away or save. But of course there's an long term investor that truly waits more time to gain a huge profits. If you know the coins that you choose are having a potential you should do a long term investment.
there are varieties of traders. such as long term and short term. In short terms, those who buy low and sell are only 20% to 50% of the cost. And in the long term, those who are dissatisfied with the low-priced market will want to wait for them to increase their value before they sell.
But if investing requires totality, without forgetting personal needs and I suggest you do not invest in all your capital, but set aside for investment. if the token goes down then you will starve and lose all your investment.That's why you doesn't need to used the money for daily needed in crypto trading or what because there is a huge risk that you may lose it. Use the money in trading or invest that you can afford not all your money.
That is a good strategy, always taking away your profit from trading when your investment multiplies. I also did that before and it really is advisable to take home those money you win as much as you can because trading is not all about winning. Those take home profit can also use as a back up in times of losses.
for example i trade with 500$ after some days that particular coin raise up my 500$ turn to 600$ i can use 400$ to invest and use the other for home purposes but i think it can work if only the coin have a good value but when the coin worth nothing your 500$ might come down to 200$ that's the risk in trading sso please is this decision of mine good or bad?
Choosing a good coins to invest in can gives you a good profits, but it is very hard to predict which one is have to rise or fall, although youve chooce the good one, but when is the right time, in some ways risk exist. So when you earn good profits, dont cut your capital to a home purposes, because the additional profits can earn another profits by rolling up all in the markets.
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