Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: How to Make Money in Crypto and not lose it as beginner
by
Mayor of ogba
on 21/06/2024, 18:17:24 UTC
⭐ Merited by fillippone (1)
2. Spot Trading :
This is a tangible skill that differentiate you from another person. With this you know how to make money trading. But ensure you stay away from futures trading. Use spot trading to start.
Only the knowledge of spot trading will not help you make money in trading; you need extra trading skills such as technical analysis that will guide you to read the crypto market and also know when to enter a trade and when to leave a trade. Secondly, as a trader, you must be able to know if there's news that will influence the price of a coin to dump after you have bought the coin so that you will not be at a loss. I think investing in bitcoin for the long term should have been used instead of trading because no investor will lose money in bitcoin unless he or she invests his or her whole money in it. And in bitcoin investment, you don't need to have a lot of knowledge about bitcoin before you can start it.