Topic: trading tips and advice - page 5. (Read 659 times)
Well I think defining risk tolerance and knowing own needs are the primary facts you should keep in your mind. Again having goal and to be stuck to it with proper determination is also important.
there are many risks that will be accepted when we are trading, there are benefits received when the price of coins rises, but if the price decreases we will experience losses, so can not be predicted
Thanks for your query. I too think when anyone makes up their mind in investment they should use that money they can afford again if they lose as this world of crypto currency trading has high risk possibility.
Business means risk. You are at risk because you are moving towards profit. But to gain profit from the risks, you have to earn skill.
If it’s reliable and it’s should be good for those who are interested to invest on trade. You need some analysis skill for trading and always you need to be patient.
Normally there is no risk no gain. You have to take risks to earn profit. Wherever the risk there is so much profit there. Still you have to try to invest in risk free. There is a need to do more research for this.
trading is the main income source of this business, but you must understand the correct timing otherwise you will never able to earn profit so I will advice you to have the proper knowledge regrading the market and then get involved with any kind of serious trade until then don't invest on large amount
thank you so much for asking our advice, I would like to say you that you never should invest more than you can afford cause ups and downs keep happening in this market, risk is always available so bad time can be arrived any time so think before you invest
This risk is everywhere, where ver you invest. Whether it is crypto currency or fiat currency. This game is even more exciting just because of its high risk. Never lose hope and follow latest updates.
It will depend on your strategy. You know this is a very risky place. You may have to take some big risks. But if you are lucky you will be gainer.
Currently, the wise choice in cryptocurrency is to play the hype cycle. Well, actually it has probably always been like that with some exceptions like bitcoin and others. But right now, there is so much FOMO that it is very easy to just find a new coin that has low/zero pre-mine, semi-transparent and available team (even that isn't always needed), a good sales pitch. then, accumulate that coin with POW or by doing bounty and sell it as soon as possible becaue that is just what is happening right now.
I don't like it and I personally haven't taken advantage of the hype cycle as much as I should if I want to make money.
I don't like it and I personally haven't taken advantage of the hype cycle as much as I should if I want to make money.
A very good tip in trading is that never be too emotional as it can get the better of you. Always assume the worse case scenario in every trade, take calculated risk because it is better to be too careful in trading than losing all of your capital. Studying the market up and down trend can help you tremendously as you will see potential coins to trade with and potential bear traps along the way.
yes, it is a good decision, and you should take your advantage, a good tip is you should analyze every movement of your coin and be patient.
remember, that fluctuations never stop, buy with other assets if your coin is good !
remember, that fluctuations never stop, buy with other assets if your coin is good !
I think you should keep your money for now and stay away from trading until the market gets stable. While waiting for the market to be stable, you can go to youtube and watch some trading videos for beginners or take a trading course online.
I will suggest that use your profit on further investment. Because i prefer keeping myself safe first. Then It won't affect a lot if the coin falls.
You have made the right decision by taking profit. This is the best thing to do, trading with the balance and if profit comes, you will be fine and if not, there is a backup.
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?
It is the possible thing in trading, you can turn $500 to $600 within a split minutes.But there's also some chances that it can drop lower than your said price and it mostly happens to the coins that aren't really so popular.
Yes your decision is good, like you said it works better on a good coin. Just make sure next time you trade with the amount you can afford to let go if something happened and also, study the coin well before trading on it.
for example i trade with 500$ 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?
Now it is better not to trade, you need to wait for the bull market. If you trade it is worthwhile to put a stop-loss and trade for short. You can trade in a long time if you are willing to wait.
Just do not buy right away for the full amount. If the price falls, you can dilute it. On the Internet, there are many interesting videos about this theme.
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