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7 Things to Know to Become a Successful Crypto Trader

Shelby10
Dec 11 2020 at 13:56
140 posts
Choosing a good and regulated broker is one of the most important part to become successful in the forex market.
asidefellow
Dec 17 2020 at 10:52
37 posts
You’re right, it is better to avoid trading on borrowed funds. The risk increases a lot with time.
ElliotCooke
Dec 21 2020 at 20:58
341 posts
If you want to become a good crypto trader, you need to make a good and profitable trading plan.
Alisson332
Jan 11 2021 at 11:25
23 posts
Yes, investing in crypto is not as difficult as it sounds. You’ve shared quite an interesting insight into it. Good work.
trollsdindy
Feb 08 2021 at 10:51
23 posts
These are quite insightful points that you have shared here. Building a portfolio and maintaining it takes some time but is important. Thanks for sharing this on the platform.
baytonhinity
Mar 02 2021 at 10:24
20 posts
That was informative and it is good that you decided to share it. Thanks.
LyudmilLukanov
Mar 02 2021 at 12:34
845 posts
In my opinion, crypto trading is more difficult than forex trading especially for new traders.
Marcel Durham (MarcellusLux)
Sep 01 2021 at 10:24
191 posts
At the beginning of the thread, there are rules that are basic and mandatory for any financial markets.
My advice for crypto traders:
don't be scared by volatility and news addiction. This is how the market works and it's absolutely normal. When the moment comes where everyone understands that fluctuation in cryptocurrencies is not a disadvantage, but an advantage that helps to earn money, then the real crypto future will come.
croisssan
Sep 01 2021 at 11:01
939 posts
In general, I deduced my first rules for myself, working on a demo account. Studied on a demo account with a broker Amarkets, and was able to achieve excellent funds.
momo3HC
Sep 06 2021 at 14:00
300 posts
All this advices are good but you can use every single FX rule into crypto too. Like to not risk what you can`t afford to lose and don`t chase the loses. 😉
CraigMcG2020
Sep 10 2021 at 07:02
399 posts
momo3HC posted:
All this advices are good but you can use every single FX rule into crypto too. Like to not risk what you can`t afford to lose and don`t chase the loses. 😉

I agree completely crypto is becoming more like FX. There are ways to trade it up and down and once you have good money management you're onto a winner :)
momo3HC
Sep 15 2021 at 19:36
300 posts
CraigMcG2020 posted:
momo3HC posted:
All this advices are good but you can use every single FX rule into crypto too. Like to not risk what you can`t afford to lose and don`t chase the loses. 😉

I agree completely crypto is becoming more like FX. There are ways to trade it up and down and once you have good money management you're onto a winner :)
And with crypto... a bit of luck too. 😉
necolesilvers
Sep 24 2021 at 07:53
28 posts
momo3HC posted:
All this advices are good but you can use every single FX rule into crypto too. Like to not risk what you can`t afford to lose and don`t chase the loses. 😉
Trading is trading after all, even if the assets change the rules remain the same.
Rectly
Sep 24 2021 at 16:14
1 posts
At the moment, almost everyone knows that such cryptocurrencies and have a desire to get offended by trading, so you will probably be curious to read the article https://invezz.com/news/2021/03/12/georgia-passes-a-bill-to-teach-high-school-students-about-crypto/ thanks to which I learned that Georgia passed a law on teaching high school students about cryptocurrency and I think it's cool. The local ministry said the inclusion of bitcoin in the curriculum could help students better understand the characteristics of money.
skihav
Sep 24 2021 at 16:36
801 posts
As for me, the first steps should definitely be the learning steps. In my opinion, these steps should be the most important.
Connrad Dorsey (yefoledy)
Sep 29 2021 at 13:50
30 posts
Cryptocurrency especially bitcoin has promising future. But crypto trading is another matter in this crypto space
skihav
Sep 29 2021 at 18:13
801 posts
The most important thing to know is that there is almost never an accidental success in this industry. Success is the result of work.
RobSchiz
Oct 04 2021 at 21:13
567 posts
skihav posted:
The most important thing to know is that there is almost never an accidental success in this industry. Success is the result of work.
I agree with you.
momo3HC
Oct 17 2021 at 13:09
300 posts
necolesilvers posted:
momo3HC posted:
All this advices are good but you can use every single FX rule into crypto too. Like to not risk what you can`t afford to lose and don`t chase the loses. 😉
Trading is trading after all, even if the assets change the rules remain the same.
That`s what i mean exactly.
jonathandaniel
Oct 21 2021 at 08:04
53 posts
In my opinion, all these tips must be followed by crypto traders. I just wish to add a few more: Be patient, Know your target, Understand your needs, do a lot of research and be adaptable with the crypto market situation. All these will help in making the right decision regarding staying for a longer period of time or pull out the profit.
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