Today is another great day and l’m here again to share my experiences and opinions with the the great community. I have being into crypto currency for a while now and have realized so many things. One thing I have realized is that crypto is one of the easiest way we make money especially through trading, investing and earning.
With all the benefits associated, l have also noticed one main concern most of us face especially the beginners and that is the the basic tips on how we can make success with crypto currency investment or trading. I therefore decided to write an article explaining some of the basic tips that can help us improve our skills in crypto currency investment or trading.
Let’s now start, first of all you have to always invest some time to study the crypto currency market or the particular coin before you finally invest some funds. This tip is very useful because the crypto currency market is volatile and you can’t go far without studying the market price of your selected coin you dream of investing. Now, when you are studying the crypto market, you don’t invest when the prices are rising, you take your time study the bull period and invest when there is general market down. At this point, don’t panic when the general market down continues because it’s expected that after every bull run in the crypto market, there is always a correction period before another bullish run starts.
Secondly, you also need to understand the relationship between risk and reward before investing in crypto currency market. How effectively you manage risk measures your chances of making profit or loss in that particular trade. Don’t ever try using hot cash to invest in crypto currencies because it might give you emotional regrets when the market fails you. Also don’t run away from the risks because the risks and potential returns are directly proportional thus the greater the risks, the greater the reward shall be if you make it successfully.
Another Important tip we should take very serious is to always check out the latest news and events in the crypto market through various platforms like here in Publish0x. News and various rumors most at times have effects on the market prices of the various coins concerned or the market as a whole. These latest news and events mostly create lucrative trading opportunities and need them seriously to make effective decisions about our investment or trades.
Remember as a passionate crypto currency investor or trader you analyse your moves, learn from your mistakes and focus mainly on your long term success rather than looking considering only short term profit.
These are just the most basic and Important tips to help improve your crypto currency trading skills and as time goes on, l would be adding some more deeper tips to these ones. I know most of us are more experienced in the crypto world and l would be glad if you can also share your experience below in the comment box so that we all learn from one another and make it successfully together.
I will use this opportunity again to conclude my article and again thank all my readers and all the members of Publish0x for supporting me to this far. I would also appreciate any advice from any member concerning my piece l just wrote so that l improve upon my writing on the next articles.
Thank you all for reading my piece and remember to stay safe in this era of the pandemic…
Have a nice day.