Bitcoin Trading – How do I make money when I start?1. November 2020
Trading is an activity surrounded by mystery and aura. This is primarily due to the fact that it can – in theory – generate potentially large revenues.
A reality that attracts many newcomers to the world of cryptomoney. For there is no better place to record impressive perfected returns… if your choices don’t end up turning your investments into profits for others!
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The market for cryptomoney is exciting. Not only because it is innovative, but also because it is the source of profits that only it can offer. Just look at the Bitcoin Era curve and you’ll see the obvious confirmation of this. A fact that does not fail to attract new investors with overwhelming motivation. This is directly related to an adoption that can only grow in the coming years.
But it is not enough to know how to identify a rise and a fall on a cryptomoney price to become the king of traders. And all the enthusiasm in the world will never be enough to exempt oneself from the necessary preparations. Because the operation that will make you rich will be the result of a well-thought-out strategy. And if that’s not the case, you might as well go and play Lotto!
How to start trading?
From an external point of view, the principle of trading may seem quite simple. Especially when market movements register strong variations, sometimes over very short periods of time. This prompts the novice to grab his calculator to add up these theoretical returns and get the figure of what his next fortune will be. This until the transition to practice comes as a painful reminder to his portfolio.
Getting Started in Crypt Trading
It’s true that the 25% that this cryptomony has just registered would have probably allowed you to earn more than 2000$. That is if you had decided to enter yesterday, instead of hesitating about this green candle. That’s why you’re going to take a stand right now. Just before its 60% collapse a few hours later…
And what used to be an adrenaline rush becomes a real nightmare of your savings gone up in smoke. A fatality that could have been only the theoretical part of this story if the right choices had been made from the beginning.
Can you improvise your trading operations?
Trading is a stressful activity that requires a good dose of composure. This is true whether it is the world of cryptomoney or its more classic version for stocks. But taking into account the fact that the losses to be considered must be estimated in proportion to the volatility to which one is exposed.
Because making profits in this field cannot be exempt from anticipating price falls, which are often very rapid. This could boil down to preparing for a landing before launching into a vacuum.
This in the form of imperative techniques such as the implementation of Stop Loss to secure your investments at any time. You still need to know where to position them so that it doesn’t turn into a premature exit that is even more catastrophic…
The trader’s main enemy is stress. Especially when it is accompanied by poor risk management. And that all this is not based on any real strategy established upstream. This can sum up almost all the trading operations carried out by newcomers to the world of cryptomoney.
Some will tell you that it is a must. Most probably because they don’t know the right method to be profitable from the very first transaction!
Profitable trading made easy
All this is based on an almost mathematical principle. The rule could be summed up as the maximum subtraction of human reactions. All this in favor of a measured and precise addition of tools with flawless regularity. Especially when it concerns a beginner or an investor who doesn’t have the time to actively take care of it.
Because high volatility rhymes with high reactivity. All of this is to ensure that the end point of this digital adventure takes shape in the form of profitability. A presence at all times that it can be very judicious to delegate to a partner of choice. And this with complete confidence, thanks to its experience and proven results in the field.
A turnkey formula that Le Trading du Coin offers in the form of a monthly subscription. This gives you privileged access to the CryptoTrader application, real-time signal reception and a multitude of other services such as copy-trading.