Are you an expert? Your ideas and strategies on how to get successfull in cryptocurrency trading will be highly appreciated. Care to help us who are new into this? Drop your ideas here please! Thank you.
one of the best things about trading cryptocurrencies is that you can start with a very small amount, use this to your advantage. you can invest 0.001
BTC which is less than $10 with current price and start trading with that. it is 10 times the minimum trading amount allowed on most exchanges and it is also bigger than deposit fees for bitcoin but not withdrawal fees of most exchanges.
never make a trade based on emotions, such as feeling you missed out on the rise or missed out on selling. in other words don't do panic trading.
try to have a good reason for every coin that you buy and sell when you reach your desired profit not your wished profit. that would be being greedy which never ends well in trading.
in the end it is all about experience. you start with that small amount and make it into 0.002
BTC then 0.004
BTC and when you felt confined, you can invest a bigger amount or be cautious and turn this 0.001
BTC to 1
BTC!