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Is It Really That Easy To make Cash Trading Cryptocurrencies?

  • Thread starter Thread starter Good-Person
  • Start date Start date
There is nothing like making easy cash money from anywhere especially not from cryptocurrency trading because one silly mistake is going to liquidate all of your assets.
 
I think it is quite easy to make money as a trader but it is also very risky For instance you buy a certain coin for trading, but what if instead of rising, the coin starts going down and does not gain value even in months?
 
All crypto traders will not on every trade make a profit, sometimes they even often lose. Crypto trading requires preparation of both skills and a fresh or fit mind and body, Telling the truth will not make beginners trapped in crypto trading losses.
 
Crypto trading becomes easy if you know exactly what you are doing. This is by taking some time to learn. That way, you know how to analyze the market well so you know what time to trade and which coin to focus on.
 
It's not that easy as it also requires some expertise but the truth is that if you can made proper use of important trading indicators then you will be able to minimize your chances of making a loss
 
Crypto trading is never easy. It is similar to forex trading. None of them is easy. But you can get better with time. I have seen someone trade on Binance and he has made a lot of money on it. I only use Metatrader 4 and 5 to trade as I am yet to understand Binance trading
 
Ub40 said:
Even though I am not trading crypto at the moment, but I don't think crypto trading is as easy as you have presented it. I say this because there are some trends signals to read and understand so as to make money. That is just my opinion though. Thanks for sharing.
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It's never really easy to get into cryptocurrency trading even with the volatility of the market and make profit always. Most traders get liquidated.
 
Okay, so I traded in cryptocurrencies and now it seems like crypto trading might seem like a very easy way to make money, but it is not that easy. I lost $10 and despite the fact that I made some recovery, the recent crypto price fluctuations caused me to lose money once again.
 
I believe it is simpler to make money trading cryptocurrencies than any other sort of online market trading, such as FX or stock trading. There are a plethora of opportunities with cryptocurrencies that you won't find in the exchange or stock markets.
 
Good-Person said:
Well, apparently, it looks like making cash trading cryptocurrencies is far much easier. You tend to invest $100 in cryptocurrencies and then you make a a good profit depending on the percentage of the gains in the crypto market and then you withdraw the entire sum of money. You may re-invest the capital once again and you may even trade every hour. Of course you will suffer from lossm, but only IF the price fluctuates. This is not something that is happening with all the coins right now. So, trading in crypto and making cash is actually easy if you become a crypto trader?
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In this bullish market, it's very much possible to double or even triple that sum with proper trading techniques and risk management. Its also important to secure your profits it you want to do such.
 
Well, despite my little experience in cryptocurrency trading, in my opinion, I think it's not exactly that easy. It must be considered also the fact that cryptocurrencies can have sudden unexpected fluctuations from one moment to the next.
 
I think the thread creator is writing from experience. I would like if you could share your trading strategy and how you managed to make profit in crypto trading on the long run.
 
I will say it is not easy even if you are not involved in any manual work,but it requires thinking and plan,which are mental stress so I feel it is not easy making money by trading crypto
 
Good-Person said:
Okay, so I traded in cryptocurrencies and now it seems like crypto trading might seem like a very easy way to make money, but it is not that easy. I lost $10 and despite the fact that I made some recovery, the recent crypto price fluctuations caused me to lose money once again.
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If you can find people who give out reliable signals for free, it's possible to minimize your losses. You need to learn how to read charts so you can also differentiate the good and bad trades.
 
I have been trading in crypto, but I do not know what is wrong with crypto. Me and many other investors have faced the exact same problem: the value of crypto coins fluctuates a lot and all investors end up suffering from loss. This means it is definitely not an easy thing to make money just by trading crypto because right now the market is down.
 
Good-Person said:
I have been trading in crypto, but I do not know what is wrong with crypto. Me and many other investors have faced the exact same problem: the value of crypto coins fluctuates a lot and all investors end up suffering from loss. This means it is definitely not an easy thing to make money just by trading crypto because right now the market is down.
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Its more preferable to start with swing trading if you are new. What I do is buy low and set sell targets without looking back. Trading everyday is just confusing.
 
GoldenLady said:
Its more preferable to start with swing trading if you are new. What I do is buy low and set sell targets without looking back. Trading everyday is just confusing.
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I have bought the coin when the prices are low, but I still have a big problem trading. Whenever I buy a coin, the price fluctuates a lot. I have even tried setting a low-profit range when it comes to selling coin but to no vain!
 
What I can say is that it is very much easy, this can only happen when you have a good understanding of trading but if you do not really know how to trade or to generate signal then you should not consider trading because you will be losing your money since cryptocurrency deal with technical analysis.
 
I have never trade online but I'm beginning to have a little ideas on trading. Trading isn't something easy, you need to have enough time before going into such online business.
 
From my experience , what I can say is that it is possible for you to make money as a cryptocurrency trader but you have to also understand that you have to be ready to learn and understand everything about cryptocurrency.. it may not be easy if you are generating signal on your own.
 
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