Post
Topic
Board Trading Discussion
Re: Guide to Crypto Trading Strategy and Risk Management
by
DavidStone
on 15/02/2019, 09:49:23 UTC
NewConsort things if you want to become a successful cryptocurrency trader and protect yourself from available risks in trading, set yourself a stop loss. It will help you avoid losses because of a sudden drop in price. Stop loss means a rate of the price when you automatically stop your trading. For instance, if you purchased Bitcoin Cash for $ 100 and set a stop loss of 50 %, it means when the price drops to $ 50, a broker will sell your deposits. In such a way, you protect yourself from available risks.