A big question in many minds is which one should I trade. In Stock or Crypto? And there are many people who have a lot of doubts about it, so I thought today let's clear all your imaginations. Especially those who are addicted to trading. In fact, there is no specific market for trading. And many people think that every market has his own strategy . But actually not at all. You can trade forex crypto markets with the same strategy as you would for stock trading.
Maybe your risk management will not be right, because all markets can never have the same volatility. The stock market in particular is much less volatile. And crypto is 2 or 3 times more volatile than stock market . That's why there will be a lot of drastic changes in your risk management. Risk management is the maximum amount of risk you are willing to take for 1 trade. Because, no one can say whether all his quota trades will be done, and you have to calculate a risk for each trade. And if your risk management is right then you can go far in trading .
Sometimes it happens that you take a trade and the risk of that trade is 100$ and your profit is 50$. That is, if your trade is done well then you will have 50$ profit but if that trade is not done then you will lose 100$. Now many people may think, if there is a profit, then I don't have to count my loss. Actually suppose you took 4 trades in 1 day and out of those 4 you got 2 and 2 didn't. Now you are at a $100 loss versus your average. But then you could not be a profitable trade .
I'm not talking about stocks or crypto specifically here, I'm talking about risk management. No matter where you trade crypto or stocks, you must get your risk management right. And if you say the most important thing to be a successful trader, I would say "get your risk management right" and you must avoid greed. Otherwise you will lose all your everything .
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