Five rules very important in trading

[GIFTMICHAEL]

Knowing when to buy cryptocurrency and when to sell is very important. The cryptocurrency market is volatile therefore you should always do your research and keep your eyes alert for any Chane in price. Even the slightest change in price can make a difference.

This is one of the major challenge people are facing.
Knowing when to buy and sell at the same time is very important for a successful venture.
Always sell at the best stable price as well to avoid losing customers.

 

[EMMANUEL]

All the highlighted rules are awesome, if there's a falling in any crypto all you need is to be patient, don't be in a hurry to depose or sell it off, I so much agree to this and the other part of you checking vividly and understanding the rate and trend of the particular crypto will help you to have full insight of what you are about to get into.

 

[Ridorz]

Thank you for the informative and educative article you share, it's useful. I can understand everything you said and more knowledge about any business/investment is very important because it's not advisable to just jump in to a business.

 

[Hassan14]

This is five rules i think are very important for anyone trading cryptocurrencies

1-Never buy a coin at high price always buy coins in the lowest price possible
2-Never buy a coin before you make a research about it
3-Never panic when a coin fall in price and don't sell it fast because it can rise at any moment
4-Never buy a coin with all of your invested money at least buy with half of your invested money or less
5-Don't trade in one exchange always use defferent and trusted exchanges

You have shared very good information. These rules are great for trading because it is very important to understand them in order to be a good trader so that you can be successful. I think in my heart that this content is very good that you have shared. Yes, my knowledge has increased a lot by reading this.

 

[Ojonuyo]

In addition to what I had talked about earlier and also to contribute to what others have said. Like you have said it is wrong and destructive to acquire a coin with all your saved money. Crypto currency is risky hence, I advice you save part of your money while investing some, just in case anything happens.

 

[Abigael]

This is five rules i think are very important for anyone trading cryptocurrencies

1-Never buy a coin at high price always buy coins in the lowest price possible
2-Never buy a coin before you make a research about it
3-Never panic when a coin fall in price and don't sell it fast because it can rise at any moment
4-Never buy a coin with all of your invested money at least buy with half of your invested money or less
5-Don't trade in one exchange always use defferent and trusted exchanges

Those are very good rules to follow when trading cryptocurrencies. I usually try as much as possible to buy crypto at the lowest price possible.
Number 3 is something that I have seen many people say that they have faced it. Panic selling really happens to many people and can lead to so much regret when the crypto price rises so high after you have sold yours.

 

[Sammyesx]

One lesson I always follow is never to buy a coin at high price, because the aim of going into FOREX is to make profit, so buying at high price will reduce the probability of making profit, unless the price continues to go high.

 

[Lagazine]

This is five rules i think are very important for anyone trading cryptocurrencies

1-Never buy a coin at high price always buy coins in the lowest price possible
2-Never buy a coin before you make a research about it
3-Never panic when a coin fall in price and don't sell it fast because it can rise at any moment
4-Never buy a coin with all of your invested money at least buy with half of your invested money or less
5-Don't trade in one exchange always use defferent and trusted exchanges

Don't be on a hurry to buy a coin and always be calmed whenever those coins fall in price. Crypto trading is a well recognized method of gaining more income through cryptocurrenies with ease.

 

[ranaabubakar263]

When you want to trade it is important to know what you are going to trade and what you are going to do. You need to know everything so that you can invest whenever you want. If you have experience you should not lose. If you want to be more profitable, then you must search.

 

[iamgroot]

Thats a good pointers to remember as a beginner, ill take note of that. But the people i knew who are traders always lose not because of that, but because of greediness. I hope the #3 will apply on ripple after winning the case(i wish)

 

[LaylaG]

Although I'm still learning on how to trade Forex , bitcoins and other cryptocurrencies and the only rules that have been covering my trading since is that no matter how things seems to be I should never be greedy when trading Forex,and the only things that I've been able to govern me on my greediness level is that no matter how the market might favour me I should try as much as possible to make 10% of what I invested Daily and should go out of the market, with this I will never try hard to make so much and end up losing everything.

 

[Godleads1]

The first two rules are quite intriguing i.e don't buy without making research and don't be too hasty to sell when there seems to be a drop in price. This means taking time to know more about what you intend to invest on.

 

[Henrywrites]

I can't believe people spend all of their funds to buy coins. I mean this is crypto currencies and the value can go up or down at any given time. Such is the need for us to have a mindset that we should spend what we can bear when the price starts dropping. Again, it's lack of understanding on how the market works will make one invest on any crypto currency without a deep research on how it works.

 

[Richard92]

Buy less and sell high, always make profit, make your customers your number one priority, always know when buy and when sell, always know where to buy and where to sell, always know how to buy and how to sell. As a business owner who is involved in trading, making use of this basic rules will keep you at the top of your game.

 

[Goldentaby]

All the highlighted rules are awesome, if there's a falling in any crypto all you need is to be patient, don't be in a hurry to depose or sell it off, I so much agree to this and the other part of you checking vividly and understanding the rate and trend of the particular crypto will help you to have full insight of what you are about to get into.

#1 Swap the amount that you can afford to lose.
# 2 Diversify the wallet with your crypto
Chances are that at least one of them would earn you a higher profit if you invest in various crypto assets.
# 3 Use the conventional financial market with technical research, avoid loss and other components.
#4 Don't try to recoup your investment if you lose.
#5 Lock your purse keys in a safe spot.

 

[Rainlover207]

That number3 seems not clear but the rest are okay because when you buy a coin and its falling it better to sell quickly so you wont make more loss.

 

[Abbas ali]

Top 10 Rules For Successful Trading

• Always Use a Trading Plan.
• Treat Trading Like a Business.
• Use Technology.
• Protect Your Trading Capital.
• Study the Markets.
• Risk Only What You Can Afford.
• Develop a Trading Methodology.
• Always Use a Stop Loss.

 

[haider00]

This is five rules i think are very important for anyone trading cryptocurrencies

1-Never buy a coin at high price always buy coins in the lowest price possible
2-Never buy a coin before you make a research about it
3-Never panic when a coin fall in price and don't sell it fast because it can rise at any moment
4-Never buy a coin with all of your invested money at least buy with half of your invested money or less
5-Don't trade in one exchange always use defferent and trusted exchanges

Thanks for your guideline.These are very important points for trading . I do not know about coin and currency trading but try to understand these points.

 

[Sarfraz Ali123]

i think number two and three are not good option.
bitcoin is very nice trading currency...
i think it is not risky
This is the most common way of earning money from cryptocurrencies. Most investors buy coins such as Bitcoin

 

[Ryeetar]

Five rules you need to know as a trader.
1 make sure your goods is consumable.
2 have a good rebranding.
3 sell at affordable price.
4 make a good advertisement strategy.
5 hire the services of good laborers.