hello everyone!
I am quite new to the cryptos, however Im very interested in learning and discovering the trading process of cryptos!
Therefore, I would like to ask crypto traders for some advices about how to better learn the trading process and how to start trading. Thanks in advance!
As a beginner, the following step will help you master cryptocurrecy trading,
1.Learn what moves bitcoin’s price
2.Pick a bitcoin trading strategy
3.Choose how you want to get exposure to bitcoin
4.Decide whether to go long or short
5.Set your stops and limits
6.Open and monitor your trade
7.Close your position to take a profit or cut a loss
Now, on the number list above, one of the greatest advantage of bitcoin is its maximum supply. The total supply of bitcoin is 21 million, a finite supply means that the price of bitcoin could increase if demand rises in the coming years
The number two on the list above, choose from the following trading strategies
Day trading
Trend trading
HODL (or buy and hold)