10 tips You should consider for correct trading in digital currencies
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Thread: 10 tips You should consider for correct trading in digital currencies

  1. #1

    10 tips You should consider for correct trading in digital currencies

    10 tips You should consider for correct trading in digital currencies.

    1. Invest according to your financial ability, it is best to start by not venturing or borrowing large amounts of money to invest in digital currencies.

    2. Avoiding anxiety and rushing to decide on each transaction, losing trades can be successful in the future and vice versa.

    3. Do not invest in a single digital currency, but trade in many relatively stable digital currencies, which will help you achieve many profits.

    4. Do not trust the false news about the trading of digital currencies that comes from some investors within some of the platforms or from some of the different social media, you do not know the extent of their actual experience in this field yet.

    5-Draw for yourself the path of success through specific trading objectives such as pursuing certain currencies and knowing the best price for them to buy as well as the best price for sale in the short and long term, and always be a good researcher for articles concerning the trading of digital currencies both in the near and distant future.

    6-Try to learn the field of analysis, either technical or basic, you should learn how to analyze a particular digital currency yourself, or rely on sites that provide technical analysis through certified experts in that field,

    7-You must learn from the mistakes you have made before, so that you can develop your trade, without learning the mistake will recur again.

    8-The trading of digital currencies and investment in that area should not be based on luck or speculation, because the investor and the successful trader is looking for information anywhere to benefit from it.

    9-believing in the field of digital currencies, you must be fully confident in this market, which is relatively new to investors, and must not be seen as a way of fast-win only, but it is a way for the future and success in it.

    10-In the end, dear reader, do not make the trading of digital currencies your concern, because that will really disrupt your life, you must at leisure to practice different activities away from investment, and this gives you the opportunity to review your strategy in trading.

  2. #2
    Nice set of advices.

    Inter-currency hedging and using a small leverage are most important. Alternative crypto-currencies with small trading volumes are particularly stochastic, so you must not trade them alone or any of them alone. Volatilities are an issue, unless trading is of casino-type, with an attempt to catch (or lose) intra-day pips.

  3. #3
    In the recent days’ of methodological progression, traders can get pleasure from the improved facilities to make investment in various fields apart from real currencies. A trader can consider of making investment in crypto currencies and various derivative products as well as real currencies. However, before you can make investment in any field try to work with the regulated platform and you must try to choose strategies as per your trading needs here.

  4. #4
    Join Date
    Aug 2018
    These most important and according to me are....
    1. put a lot of research in these market, there is little known of the market

    2. Always put your word to be right according to the much you have in your account that would be very easy for you to learn trading without fear for you dont really fear losing much

    3. Make sure you trade cryptocurrencies with updated information, these is why people lose because the are caught off guard because of some news that popped in the market.

    4. if you are not earning enough now, do it as a side Job.

    5. Learn from those who have understood the market..

    6. invest low, very low , since the market knows how do dash fast , you can look for low investment and it can make you some good money.

  5. #5
    Thank you for these ideas, they are useful!
    Actually, there are two main elements of any operation with digital currencies: crypto exchange and crypto wallet.
    Crypto exchange is a special marketplace where you can buy or sell your tokens. The list of tokens available depends on particular exchange, but the most popular coins like BTC or ETH are available at any exchange. Trading terminals provided by crypto exchanges are also often used by crypto traders attempting to benefit from short term price fluctuations. Despite the huge profit expectations, crypto trading is always associated with a huge risk due to the high volatility of crypto assets.
    Another important element is crypto wallet. For sure, you can also store your coins on the wallet provided by the exchange, but in this case your funds would b exposed to risks related to cyber threats. In case if crypto exchange would be hacked (which is quite common nowadays), you will lose all your coins. Thus, it would be better to use separate wallet. There are different types of wallets, including online wallets, software wallets and hardware wallets (or the “cold wallets”).
    It seems to be quite difficult to familiarize with all this, especially if you are novice in the sphere of crypto, but in fact it is easy enough due to the large number of detailed articles and guides describing all these aspects in details. That is why it would be enough to spend 2-3 days to understand the key points and basic principles of operating with crypto.

  6. #6
    These are all really good tips! One thing I would add is that we also need to recognize red flags that might indicate scams - we can frequently run into untrustworthy entities and projects.

  7. #7
    . Do not invest money that you cannot afford to lose.

    2. Never invest money that you can't afford to lose.

    3. Always trade only what you understand.

    4. Trade only after you have done your own research.

    5. Don't buy anything unless you are willing to hold onto it until you sell it at a profit.

    6. If you don't know what you're doing, then hire someone who does!

    7. When you make a mistake, admit it.

    8. Learn from other people's mistakes.

    9. Be patient.

    10. Have fun!

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