1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL.
2. I understand how to BUY and wait for the price to go up.
But I don't understand how you make money on SELL.
For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?
Depends on what you are dealing with and we know that trading could really be either;
SPOT or FUTURES
If we do speak about spot, then it would really be just that normal that you would really be needing to buy low and sell high for you to make profits on which it would be simply having that
kind of acts on buying when the price is low and selling when the price moves up which it is really the basic principle.
If we do speak about futures, then it would be pertaining on the position that you are really chose whether SHORT OR LONG. If you have assumed that the price of Bitcoin or whatever
coins that we do have in the market would be going down and then you do position yourself SHORT and on the time it dumps then you are making money with that
or profits and on the time that you do find yourself that contented with those profits then you could anytime close that position but take note, futures
trading is very that risky and better stay away or not mind on engaging if you are still noob in this industry.