Today
market trend: Bearish sell
Resistance points and Support points going down and moving average also tell a about market down
Current price aur previous price market ke down hony ka ishara de rahe hain
If you cannot learn about market trend then you will face loss
Always keep patience and get a huge profit in your trading
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
10 Golden Rules of Crypto Trading
Crypto trading can be overwhelming, especially if you are new and don't know the "rules" yet. Just like in other investments, you need to dip your toes into the water and go deeper as you gain more experience. The good news is that we've got your back! We have compiled ten golden rules to help you along your trading journey.
Let’s dive in and explore.
1. Invest in research before investing your money
To increase your chances of success, you first have to do thorough market research on the cryptocurrencies you are targeting. Since the value of cryptocurrencies keeps fluctuating, observing their market performance trends enables you to target the coins with the highest chances of fetching a profit.
Unfortunately, most newbies invest in coins based on hype. This strategy is a big mistake! There are many hyped cryptocurrencies, Initial Coin Offerings, and Ponzi schemes that only need your money. Take responsibility for your investment by gain as much knowledge as possible before you buy a coin.
2. Only invest as much as you can afford to lose
There’s no fun being in this market of you are risking your livelihood. Perhaps you have seen some investors who take loans to invest in cryptocurrency. While this has worked for a few, it’s not for everyone.
The crypto market is a double-edged sword. The high volatility can lift you from zero to hero. Also, you can lose your entire investment.
Furthermore, crypto trading is susceptible to other factors such as government regulations, hacks, among others. Never go into debt. Only invest as much money as you can "afford" to lose.
Rules of Crypto Trading
3. Never FOMO
FOMO is a short acronym for “Fear of Missing out”. Most traders are overcome by this feeling when they see the price of particular cryptocurrency surging upward, and since they don’t want to miss the opportunity to profit, they jump in. The problem with this approach is that they end up buying coins at extremely high prices, and this can reduce their chances of gaining profit.
To drive the point home, here is an example. In 2017, the Bitcoin price increased from $3000 in September to about $20000 in December. You could have made over 100x times your original investment. Many investors noticed this opportunity late and bought Bitcoin near its all-time high. When Bitcoin crashed, these traders watched their money burn, and some eventually closed their trades at the bottom.
Never FOMO. It can not only lead you to irrational decisions but also unnecessary losses.
4. Don’t let your emotion get the better part of you
It’s easy for anyone to get caught up in the excitement that comes with a winning streak, or depression due to massive loses in a raw. In both cases, the ultimate result is the same – it leads to careless trading, which can be costly in the long run.
If you open the trading charts, and you feel your mind cloudy or full of other things, do not trade. Trading when you're not mentally in the game will only hurt your trading strategy. The market will eat you up and spit you out a more unfortunate person.
5. Diversification is key to success in cryptocurrency trading
In the last few years, we have seen many cryptocurrencies achieve more than 100x gains. One such example Verge(XVG) that increased by 13000x times! These numbers are just too good, and any investor can easily be tempted to put all his eggs in one basket.
Putting all your eggs in one basket is a recipe for tragedy. By investing in one cryptocurrency, you are taking unnecessary risks. Currently, the crypto market has over 2900 cryptocurrencies, and spreading your investment means more chances to win big.
Diversifying your investment portfolio goes a long way in decreasing your risk. Remember to choose assets that are negatively correlated to optimise your long-term portfolio properly.
6. Know the charts
As an active cryptocurrency trader, chances are you will be trading various crypto markets. You will need to understand the information you analyse for every trade. While there are many tools available out there to make your trading more straightforward, nothing beats the charts.
Charts provide traders with numerically-heavy data in the form of a simple visual. Unfortunately, novice traders flip through timeframes, continually changing their trading tools without precise know-how of what to look for or how to find high probability trade setups. We encourage you to learn more about crypto charts and how to use them.
7. Never risk more than 5% of your trading capital
Inexperienced traders do not survive in the crypto markets because they do not use correct money and risk management principles. If you risk too much, you will have a short career in crypto trading.
No one wins every trade. The less than 5% risk rule helps keep the losses at a minimum, especially when a trader is experiencing harsh market conditions, while simultaneously allowing for maximum returns.
For instance, if a trader risks just 1% of his current account balance on each trade, he will need to lose 100 trades in a row to wipe his account- and this rare. Also, if you risk 1%, you should set your profit goal on each successful trade at about 2%. This way, you can achieve substantial returns in the long run.
8. Use a stop-loss
We cannot emphasise the importance of a stop-loss. Not setting a stop-loss technically gives you an excuse to keep a lousy position open ( hoping that things will get better). We all know, in the crypto markets, bad situations rarely improve.
A correctly placed stop-loss helps you cut losses and eliminates the risk of losing all your trading balance on a single bad trade.
9. Always trade on reliable cryptocurrency platforms
The cryptocurrency platform you choose for your crypto trading ventures is also crucial for your long-term success. Consider platforms with high liquidity and trading volumes along with a robust trading engine.
Ensure the platform has robust security features. There’s no point in investing a sizeable chunk of your finances, win big, then lose all your gains to fraudsters.
10. Take profits at a regular interval
Since the crypto market is highly volatile, it’s common to see a coin gaining 20–30% in just a few hours. In such cases, investors may get greedy and hope the rise continues. Unfortunately, by failing to redeem profits at regular intervals, they miss out on quick gains.
Whatever your trading goal is, greed never wins. To be successful in the long run, you need to take profits at a regular interval. You never know when the trading asset will retrace and take back all the floating profits you left in the market.
Final tip
Successful crypto trading is not a gamble; it’s a strategic game. You need to calculate every move before you execute it. Make a trading plan and trade your plan.
Now that you know the golden rules of crypto trading, do you have any tip that has worked for you in the past that you wish to share with other traders? Leave a comment below.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
ahmadjarar (2020-09-08), Anam47 (2020-09-08), ary420 (2020-09-08), furi (2020-09-08), ismailtanveer (2020-09-08), Raheel654 (2020-09-08), Shaban935 (2020-09-08)
Today market Analisisss...
The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit
So could the trading in Sell and get a huge profit.
As this pair we know that .Big movement of every pair also because of news. News of donald trump is most important. About USA and Chaina trades...
I am doing trading on this pair . After the analysis of moving arevages . Parabolic SR.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Today
market trend: Bearish sell
Resistance points and Support points going down and moving average also tell a about market down
Current price aur previous price market ke down hony ka ishara de rahe hain
If you cannot learn about market trend then you will face loss
Always keep patience and get a huge profit in your trading
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Today market Analisisss...
The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit
So could the trading in Sell and get a huge profit.
As this pair we know that .Big movement of every pair also because of news. News of donald trump is most important. About USA and Chaina trades...
I am doing trading on this pair . After the analysis of moving arevages . Parabolic SR.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Anam47 (2020-09-08), furi (2020-09-08), ismailtanveer (2020-09-08), Raheel654 (2020-09-08), Usama123 (2020-09-08)
Today
market trend: Bearish sell
Resistance points and Support points going down and moving average also tell a about market down
Current price aur previous price market ke down hony ka ishara de rahe hain
If you cannot learn about market trend then you will face loss
Always keep patience and get a huge profit in your trading
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Anam47 (2020-09-08), ary420 (2020-09-08), furi (2020-09-08), ismailtanveer (2020-09-08), muzammal786 (2020-09-08), Raheel654 (2020-09-08), Usama123 (2020-09-08)
points and Support points going down and moving average also tell a about market down
Current price aur previous price market ke down hony ka ishara de rahe hain
If you cannot learn about market trend then you will face loss
Always keep patience and get a huge profit in your tradin
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Anam47 (2020-09-08), furi (2020-09-08), muzammal786 (2020-09-08), Raheel654 (2020-09-08), Usama123 (2020-09-08)
Today Market anlisss...
all routine of the chart and indicator I have come to know that today the market will move on up way so all my brothers I will suggest that we should choose the option of buy for trading Hope you will follow me and will get more money because I posted this after checking the market carefully Good luck....
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Today Market anlisss...
all routine of the chart and indicator I have come to know that today the market will move on up way so all my brothers I will suggest that we should choose the option of buy for trading Hope you will follow me and will get more money because I posted this after checking the market carefully Good luck....
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
ary420 (2020-09-08), furi (2020-09-08), Kumar (2020-09-08), Mishal (2020-09-08), sadiaibrahim (2020-09-08), Unregistered (2)
Today Market anlisss...
all routine of the chart and indicator I have come to know that today the market will move on up way so all my brothers I will suggest that we should choose the option of buy for trading Hope you will follow me and will get more money because I posted this after checking the market carefully Good luck....
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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