If you understand and have an idea of forex trading, I think you should also look into cryptocurrency trading ,even if you're not trading at least you really need to have an idea of how it work, you find out that cryptocurrency might even be easier.
Percentage target in trading Crypto currencies.
- Thread starter ahmedo24
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Yea, you have a point there though.even if i might not use the skill now, it might come a time that it would be needed. I have always had the mind that when it i would one day create time to study and learn about it. And i might actually go into it one day
But I think you have an idea of how cryptocurrency really work because you are paid in cryptocurrency here, atleast you understand how you can convert it to other cryptocurrency and sell it if you want.
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Yes i already have some basic knowledge of crypto cruencies, such as exchanging for other crypto like you just said, or when to sell as the value increases and evening buying of coins to hold, i have started doing this little things.
Setting a target and having a strategy in cryptocurrency trading is very essential because it can really go a long way in making you successful and making money.
I don't like investing in cryptocurrency due to fluctuation in the price movement. But if I have opportunity to invest in cryptocurrency, I will not use for more than 20% on return on investment.
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I can't invest more that 5% of my income on cryptocurrencies. It's a volatile market and can't be used as a store of value. So, the best thing is not to invest too much of your assets on cryptocurrency because it's a speculative market
I don't think I go about setting a target to make a hundred percent of my trading capital. I make a certain amount of capital per time of any trade and stop when I please
Well at least maybe with time you understand more about cryptocurrency because it is better that you understand about it, to me think it is the best form of investment for now. Some people may not consider it this way.
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It depends on tbe average you opt for, if you choose a leverage like 1:10, 1:08 etc, you should start with small leverage as a starter as time goes on you can improve.
I think you are right though. Crypto currency right now is one of the best means of investment, if you actually know how to make use of it. I have seen a lot of persons make it big in a short period of time with crypto investment.
those people who are making something good with cryptocurrency in a short time are actually because of luck, generally cryptocurrency is for long-term investment and that is when you can think of making a reasonable profit.
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Trading Crypto currencies is just a short time investment in Crypto currencies of your choice which you watch and watch as the price increases significantly, each individual has their target in trading Crypto currencies some could target 1%,
My desired or i can call it my targeted percentage of profit when trading is like 80% that was actually working well when the market was green not until everything crashed...
- Thread starter
- #55
You can still take advantage of this moment to trade by cutting your target to around 30% to 40% which is still very reasonable and meaningful.
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Personally I believe that's when your trading online in cryptocurrency or any other kind of trade you need to be very careful with the way you trade otherwise you not be able to fall into risk.
Personally, it depends on the fundamentals of the coin and what its movements can be predicted to be but for me, an 8% is the least I would like to see from any trade.
Setting a good percentage target when trading in crypto currency should not happen or not be done under pressure, I beleieve setting a weekly target is better than setting a day target.
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As a crypto currency enthusiast that I am I really don't trade crypto currency just because I don't know how to use chart or technical analysis, I only buy and hold crypto currency for a long time
Whenever I trade with crypto currency. My target is always to earn nothing less than 30% of my money weekly. I still see it easier than forex trade. My forex trade earnings is lower than my crypto currency earnings
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