7 Things to Know to Become a Successful Crypto Trader

Jan 18, 2020 at 10:13
Vues 2,505
37 Replies
Membre depuis Jul 23, 2020   posts 869
Mar 02, 2021 at 12:34
In my opinion, crypto trading is more difficult than forex trading especially for new traders.
Membre depuis May 19, 2020   posts 416
Sep 01, 2021 at 10:24
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.
@Marcellus8610
Membre depuis Oct 20, 2018   posts 300
Sep 06, 2021 at 14:00
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. 😉
momchil_slavov@
Membre depuis Jul 20, 2020   posts 399
Sep 10, 2021 at 07:02
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 :)
Membre depuis Oct 20, 2018   posts 300
Sep 15, 2021 at 19:36
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. 😉
momchil_slavov@
Membre depuis Jun 14, 2021   posts 28
Sep 24, 2021 at 07:53
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.
Membre depuis Sep 24, 2021   posts 1
Sep 24, 2021 at 16:14
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.
Membre depuis Sep 26, 2021   posts 30
Sep 29, 2021 at 13:50
Cryptocurrency especially bitcoin has promising future. But crypto trading is another matter in this crypto space
Just do it now
Membre depuis Oct 20, 2018   posts 300
Oct 17, 2021 at 13:09
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.
momchil_slavov@
Membre depuis Feb 20, 2021   posts 53
Oct 21, 2021 at 08:04
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.
Membre depuis Mar 25, 2019   posts 21
Oct 22, 2021 at 14:56
Learnt a lot over the last few years but still reluctant to fully commit to crypto trading. I often sit out of the market for extended periods of time and also TP far too soon. However I find my portfolio going the right way and as long as that is true I'm not fussed on how long it takes
Membre depuis Dec 09, 2013   posts 139
Oct 22, 2021 at 15:32
These are some good tips you have given in this post. I am a crypto investor as well. I hope it is going to help me and it would help many traders like me over here. Keep posting such good posts with trading tips regarding cryptos. Thanks in advance.
Membre depuis Aug 05, 2021   posts 401
Nov 05, 2021 at 14:55
Thanks for the tips! I recently started to dabble in crypto and I'm feeling confident that it will be a good investment.
Membre depuis Jun 14, 2021   posts 53
Nov 08, 2021 at 06:17
How cool and informative the information is. Thank you for sharing it. I just want to add that self-control and risk management are other two factors that need to be considered in order to become a successful cryptocurrency trader.
Membre depuis Jun 16, 2020   posts 57
Nov 11, 2021 at 03:54
These 7 points are very interesting. I believe that another most important thing to consider is 'time your investment'.
Membre depuis Dec 14, 2019   posts 22
Nov 12, 2021 at 11:24
Guess that everything you have described in this article is one hudnred percent true. I just want to add that nowadays traders want to start trading crypto because of the high potential in this field. Forex market recedes to the background today, because of this reason. Many traders believe that they can earn lots of money on crypto trading, however they don't understand that the risks are equal, and if you will make unwise moves, you will lose everything you have. In my opinion, if traders really want to start trading crypto, they must dive into this activity as well as they earlir dived into forex trading.
Membre depuis Jun 09, 2021   posts 44
Dec 06, 2021 at 06:36
I agree with all the points except the last one. New traders often take such tips as a license to over-trade. Rather than placing multiple trades, you can devote your time on analysing fewer trades properly so that you can earn a good profit from that.
Membre depuis Jul 19, 2020   posts 788
Dec 06, 2021 at 07:39
Very good information. Absolutely helpful. This is what you need to know to do crypto trading.
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