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.
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.
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.
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
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.
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.
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.
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.