Crypto Trading Strategies for Beginners

Cryptocurrency Trading requires proper technique and understanding. You can get some key tips as a guide to start trading.

1. Addition to knowledge of basic trading procedures
2. You’ll need to allocate up most of your day to trade
3. Assess how much capital you’re to risk on each trade
4. Focus on a maximum of one to two cryptos during a session
5. You’re looking for deals an low prices but stay away from penny cryptos
6. Read the market without make moves for 20 minutes
7. Decide what type of orders you’ll use to enter an exit
8. Ensure risk on each trade is limited to a specific percentage
9. Decisions should be governed by logic and not emotion
10. Developed a trading strategy in advance and stick to that strategy

Those are 10 crypto trading strategies for beginners, where in trading the aim is to get a higher profit than the risk. 

Crypto trading is the buying and selling of cryptocurrencies on exchange platforms, where the price volatility is relatively higher. Thus, the profits are obtained quickly in proportion to the risks faced. It takes emotional management in deciding to buy or sell crypto in order to get a profit by minimizing the risk to a lower one. Don't be in a hurry to get rich!, try to get consistent profits even though it's only 2-5% per day. Profit 5% x 30 days = 150%, the result is more than 100%.

How to Trade Crypto

Many traders have expressed their opinions about trading rules and tips in books, newsletters or social media. Some of its ways of trading crypto are:

1. Trading using idle money

Vineet Nanda, Co-Founder of Globalise advises you to start trading with low nominal money. Vikram Suburraj, CEO of Giottus Cryptocurrency Exchange added to diversify investments to avoid absolute losses. So that even though they suffer losses, investors still have residual assets.

2. Check Trading Platform

In addition, to be careful in choosing intermediaries for investing and trading cryptocurrencies. Trading should be done through a trusted platform, so it will not be pending if there is a change in regulations or the company goes bankrupt. It is highly recommended to use the DEX (Decentralized Exchange) platform.

3. Focus on Trusted Cryptocurrencies

One of the most appropriate and safe cryptocurrency trading techniques is trading crypto assets that have been registered with regulations. This is because their trading activities have been regulated and guaranteed by law so they can be trusted. Many tokens failed to publish to the market, but during pre-ICO users had bought a lot of them. Buy coins like Bitcoin, Ethereum, or do you want consistent monthly profit? Staking at DDKoin.

4. Application for Trading Cryptocurrency

For those of you who are interested in trading various crypto assets. Please download and install trusted cryptocurrency trading applications such as Binance, CoinBase or IQ Option.

Reference: MBA-Fintech Solution on FB Official

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