Post
Topic
Board Trading Discussion
Re: Things to know before trading.
by
lixer
on 18/09/2021, 16:59:21 UTC
1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.
I guess these two are more than enough to be successful in crypto trading as once you are good with analysis and all management skills then you will not rush and you will start showing more dedication and commitments. I mean when you are fully dedicative but if you are not good in analysis and management then you may not able to make consistent profits in crypto trading.

These are the things that every trader must need to get practiced to, rather than just simply getting aware of.