Been trading for quite a while now and it took me time to get to where i am today coming from a noob in trading. Trading cryptocurrencies was one hell of an experience for me.
The first cryptocurrency i traded back in late 2018 was bitcoin and i lost a whole lot of money trading it. I guess i didn't learn enough about the crypto market and the volatility involved before delving into it.
Ever since then, i picked another instrument of choice. I went into the FOREX trading. I plan on coming back into trading cryptocurencies but for now i'm still learning about the crypto market.
It was a painful experience though
What was your experience?
You need to understand that the volatility of the cryptocurrency market is much higher than in the Forex market. or on a simple currency market. Using the same strategies on different platforms is a losing strategy. The cryptocurrency market has completely different behavior strategies. Study them and your money and nerves will remain with you.