I think I don’t need to explain how popular crypto trading is now – even the healthcare app developers started to develop crypto apps.
Every day more and more users invest large sums of money in crypto, make accounts on crypto exchanges, etc.
But did you know that 80% of them (I mean newcomers) lose money?
Because of the lack of experience, the absence of strategy, etc.
And it is not bad! Every person, even the most successful crypto trader, was the beginner.
And if someone tells you that it is impossible to earn on crypto, don’t believe.
It is possible but to do this you need to follow some important steps.
Step 1. Experience
No, I don’t mean you should wait one or two years and gain the experience all this time.
I advise you to spend just one or two weeks of reading and searching.
And only when you think you understand what is buy price, stop loss, etc, you can go to the next step.
Step 2. Preparing
Now it is time to make the account on the cryptocurrency exchange.
If you are a newcomer, I will advise you to make the Binance account.
Then, it is important to find the best bitcoin wallet for your assets.
I advise you to choose the non-custodial mobile wallet in the beginning, and then, when you have a lot of earned crypto coins, you can buy the hardware one.
Step 3. Trading
And now I will tell you two ways of successful trading.
Actually, there are two of them when you are an experienced trader – you can trade by yourself or with crypto signals. But, if you are a newbie, it is better to start with free crypto signals channels.
Remember that not every existing channel is legit.
You need to pay attention to the way traders communicate, the pricing, cross-promo (it will be good if you don’t see it), the past activity, available reviews, Reddit discussions, etc.
As I told you before, it is possible to earn with crypto but it is a very complicated process.
Of course if you want not just to play and risk but to earn.
Follow our steps and good luck with trading!
The post Profitable Cryptocurrency Trading – Myth or Reality? appeared first on Entrepreneurship Life.
Mohit Tater 2020-05-25 09:00:14
The post Profitable Cryptocurrency Trading – Myth or Reality? appeared first on Market World.