Wiserr
Guest
starting a crypto trading is a good idea, I believe you will earn enough when you have a good experience on it, you don't even need to include Allah in this if you have experience you can do it all alone.
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That is a very save and conservative way of doing spot trading without getting your hands burnt.But it would be very much good if the investment is much and ones bench mark is low.It may really be a wise decision to have your own personal trading plan to know how much you need every month from trading because this can relieve you from being greedy when trading, making at least 3% of your investment is not a bad idea as a spot trader and 20% as a future trailer.
This is what most people are doing.. trying to gain more than 5 percent per trade is greed to the highest ordered, since the market is unpredictable it's better to take a profit when is upto 3 percent..That is a very save and conservative way of doing spot trading without getting your hands burnt.But it would be very much good if the investment is much and ones bench mark is low.
Trading in the cryptocurency market calls for contentment and great discipline,because when it come to the issue of returns,if you are not discipline enough,you might even loss the ones you ahevgotten.This is what most people are doing.. trying to gain more than 5 percent per trade is greed to the highest ordered, since the market is unpredictable it's better to take a profit when is upto 3 percent..
Cryptocurrency market is something that is very tricky which is why when it comes to trading you should try as much as you can to know how to minimise your loss when you're trying to maximize your profit.I don't see anything wrong in going into crypto trading, but one must remember that there are signals and trends to study, so one needs the knowledge of how it works first before going into it to avoid loosing one's capital. And one must make sure to invest what he or she can afford to lose. It is just my opinion.
Lolz, discipline is needed perfectly because I remember when I will see good profit ,but instead of me to take the profit at that particular time I'll believe that the market will continue to go up but I will end up even losing.lolz.Trading in the cryptocurency market calls for contentment and great discipline,because when it come to the issue of returns,if you are not discipline enough,you might even loss the ones you ahevgotten.
That is just the fact,because if you are just trading bases on impulse,then one might encounter some of these things.But ones a daily target has been kept,then whatever happens after then will be left for another day.Lolz, discipline is needed perfectly because I remember when I will see good profit ,but instead of me to take the profit at that particular time I'll believe that the market will continue to go up but I will end up even losing.lolz.
Hmmm.. well I advise that we should just learn and understand the basics of cryptocurrency, is not even advisable to trade base on emotions but how you can professionally interpret chart and act on it... how much do you make as a crypto traderThat is just the fact,because if you are just trading bases on impulse,then one might encounter some of these things.But ones a daily target has been kept,then whatever happens after then will be left for another day.
Though i have not traded that amout (one hundreds dollars) at a time for investing in crypto currency before but i think you shoukd be able to get at least $1 gain daily.I tis always a great thing to make proper research before you invest your money into any kind of investment and this advise is not just limited to crypto investments. Many people lose money while trading in stocks, This is because they usally do not research and study the market properly themselves.
It will depend on the amount of trade you are entering in a day.. you should not really concentrate in the profit for now but they should only have a target amount of money you want to make from cryptocurrency every month and be discipline and stick to what percentage you want to make.. Don't be greedy to need ,500 percent every month because you may lose.
I am not that into trading,what i normally do is to buy when i have some cash at hand and save it in my wallet,the reason is for future appriciation,i normally keep it for a long time.Hmmm.. well I advise that we should just learn and understand the basics of cryptocurrency, is not even advisable to trade base on emotions but how you can professionally interpret chart and act on it... how much do you make as a crypto trader
The best I can advice is that you shouldn't trade more than three times every day because you may even be at risk of overtrading which may be dangerous, most people will always like to trade at least two times a day and even if they are able to make 10% from each trade they are ok with that.Yes, cryptocurrency profits depends on the actual amount you use to trade and how many times you carry out trade. many investors invest again and again and this raises the chance of losing money if they do not invest wisely.
The best I can advice is that you shouldn't trade more than three times every day because you may even be at risk of overtrading which may be dangerous, most people will always like to trade at least two times a day and even if they are able to make 10% from each trade they are ok with that.
But generally you do not have to stay all day monitoring the market ,a lot of people will just buy a coin and set a stop loss and take profit order and forget about the trade and move on with their daily activities.Yes, I do agree that over-trading can be a bad idea. However, over-trading is not always bad IF you are paying attention to trading and the situation or conditions of the market. Right now I have a fixed target set and this is why I am not trading much. I have lost money due to over-trading because I bought cryptocurrency at night and left it. The next day when I woke up, I found that the prices have dropped, so the problem is not over-trading per say. The real problem is buying cryptocurrency and leaving it to fluctuate and not monitoring the market (going to sleep at night after buying the cryptocurrency).
But generally you do not have to stay all day monitoring the market ,a lot of people will just buy a coin and set a stop loss and take profit order and forget about the trade and move on with their daily activities.