4 THINGS YOU MUST KNOW BEFORE YOU TRADE CRYPTO
source; pixabay
- Learn the basics of crypto currencies : if long-term crypto is what you desire, understanding the basics is a mandate. People who skip the basics cash out quite alright but in a short time they soon lose everything because they jumped the steps. You have to have knowledge about basic things such as ;
A. Proper risk management
B. Profit- taking plan
C. Market sentiment - Know the basics of investment
- Have financial discipline
- Be mindful of who you listen to when gaining knowledge or information on crypto.
In my next post, I will be talking about how to become an expert in crypto in a short time as a newbie.
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Those are four good points. Crypto has such a short window for many coins and tokens, so it is difficult to know which ones will be around in the future. Which I think makes 1B so important. Always take the money. Bank the profits. I look forward to the next post since I am still a newbie in crypto!
I'm glad you found the write-up useful. You speak like a pro though. Looking forward to seeing more of your comment on the next post