HOW TO TRADE CRYPTO

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Cryptocurrency has many appealing benefits. Some of this is thanks to the blockchain technology

previously mentioned. It is a strictly monitored process with encrypted transaction and control.

The new digital revolution of money!

Lower risk than

traditional currencies

 

Cryptocurrency doesn’t

work the same way as

FIAT money does.

Instead of a ‘pulling’

mechanism, it ‘pushes’

the amount that is

needed to be paid or

received to other

cryptocurrency holders

without any further

information needed.

Protection

from fraud

 

Cryptocurrency is not

viable to be used for

fraud. Due to the fact

that your personal

information is kept

hidden from prying

eyes, this protects you

against identity theft.

Universality

 

It wasn't until traders

visited other countries

that they found out

how to trade items with

one another. Thanks to

various innovations and

developments, we now

have multiple methods

to trade and exchange

money worldwide.

Transactional

Property

 

Cryptocurrency

transaction is fast and

global. It is possible for

you to send your

cryptocurrency to

someone in your

neighborhood, or even

if they are living on the

other side of the world.

Nine Rules of Crypto Trading

Only invest what you can lose.

Reports of frustration and losses came at the cost of broken monitors, smashed laptops, and heavy monetary losses.

While the rules are in the more particular order of importance, it’s safe to assume that this is the most important rule,

the rule to rule the rules. As soon as your money is converted into cryptocurrency, consider it lost forever. There is

absolutely no guarantee you can get it back.

Always pay attention to Bitcoin.

Most altcoins are tightened more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial

Crisis. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in

price.

Diversify.

The potential to earn more is increased with the amount of money you invest in a coin, the potential to lose more is also

magnified. Another way to think about it is to look at the cryptocurrency market as a whole; if you believe that this is just

the beginning, then more than likely the entire market cap of cryptocurrencies will increase.

No one ever lost money taking a profit.

Get into the habit of taking profits and scouting for re-entry if you want to continue reaping potential profits.

Don’t invest blindly.

There are people in this world who would sell a blind person a pair of glasses if they could make money. A good investor

will always do his or her own research in order to take full responsibility for the potential investment outcome.

Information coming from a trustable source is great information.

Don’t FOMO.

This is a spot that people most frequently lose money on. But the reality is, the combination of 1) being greedy, 2)

investing blindly, and 3) FOMO were likely large contributors to the purchase at an all-time high. Even in the crazy world

of cryptocurrency, if a coin pumps that quickly, it will correct — it’s a matter of time.

Categorize your investments and look at the long picture.

In the process of your research, you’ll eventually realize you’re coming across a few different categories of coins. For

some of them, you believe they have good teams, big vision, astonishing publicity and a track record for successful

execution. Great! Put these into medium or long-term holds and let them marinate into a delicious tenderloin. When the

price dips, don’t even consider panic selling because anything in your medium or long-term portfolio should remain

untouched for a set amount of time.

Never accept a total loss.

Always learn from your mistakes. Always estimate the situation and try to figure out why it happened. Take that

experience as an asset for your next move, which will be better because you know more now than you knew before. We

all start off as amateurs, and we have all lost money throughout our trading experience. Don’t let the losses control you,

because the reality is they’re making you a better trader if you choose to learn from them.

If you are doing active trading, set stop losses.

If you are doing active trading, set stop losses.

P.s Please don't keep that none of this is investment advice. Invest at your own risk!

Past performance is not necessarily indicative of future results. All investments carry risk and all investment decisions of an

individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in

profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any kind of

investing they choose to do. Hypothetical or simulated performance is not indicative of future results.


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