Post
Topic
Board Altcoin Discussion
Topic OP
What should newbies pay attention to when trading with virtual currency?
by
artdisrupt
on 07/01/2021, 12:35:27 UTC
looking at the high volatility of the alt season with Doge opening the floor gate for the alt season session. there are lot of risk involve  in the market ,  for example pay attention to the exchanges you which to trade your prefer crypto currencies , that been said , liquidity of the exchange should be a looked into , because this determine the rate at which your orders such as buy or sell  are executed , take for example you prefer to trade in an exchange that has low liquidity , if the price of BTC is at $38,000  and you wish to  sell  your holdings , due to low liquidity your asset might not be sold at that amount you want . so this should be what you need to be aware while applying risk management in this alt-season. supporting or contradicting opinions are welcome for discussion.