These are important lessons I have learned on cryptocurrencies along the way 😊:
Always adjust accordingly and never forget to set stops.
Always alter hence and in no way overlook to set stops. Even if it is a bull run withinside the crypto-verse proper now ---and
rockets are everywhere, there may be shitshows and also you do not need to be stuck in it.
Do not use your mobile phone to negotiate. Yes for tracking cryptocurrencies, but not for trading.Practice opportunity management. Leverage is fine as long as you know the VAR. Speaking of leverage, this is definitely one of my personal rules. Higher leverage = shorter time frame. Low leverage = better time frame.
If you're going to use x25 or higher, be precise and fast in action. If you use TF and need a cold trade that you want to hold for the long term, use low leverage or zero leverage. We also know the difference between isolation and cross-margin. Ignorance can lead to death. (I mean...death in your wallet lol)
- But, If you are new to cryptocurrency...use your burn account to experiment and burn money in exchange for experience. It is usually less than about 1% of a home's assets. People say this is an account where you put the money you can afford to lose. However, when you are ready to make a huge investment in this market, use this statement to avoid sacrificing your wealth.
- Be punctual.
This market is open 24/7 and could cost you your money or life savings if you're not careful.
Remember, you are trading/investing to have more time, not less.
If you don't have anything to trade, there's always a stablecoin like USDT.
- If you're running around the markets here because PSE, global markets, or FX are treating you badly, that's ok. What is not normal is system switching. Master at least one trading style to gain an edge. I'm not an investment expert when it comes to cryptocurrency, but the ZFT technology trading system works like a charm here. Make sure you know your style. It's easy to make millions here, but the opposite is true.
The broker I prefer to use for Cryptos is Binance. There are various alternatives and means, as well as ways to make money, low fees, and good liquidity. They also have other things that might be helpful for those looking for a different way to invest. To create an account, you can sign up here: https://accounts.binance.com/en/register?ref=YSQN7BB4
If you're new to trading or have been interested in a long time since you've been hyped by a friend who made a huge profit, but doesn't know where to start, go for a YouTube tutorial on how to get started. )
Good luck and Do your best! 😊
