But at the same time, you should not turn a blind eye to the general rules:
- Any operation should be carried out calmly, without succumbing to unnecessary emotions. Excitement and the greed that follows it are the real enemies of the trader. It often makes no sense to wait for an already appreciated rate to rise a little more. Especially if the forecast says that the price will fall soon. It is important to have time to sell coins before the fall actually happens.
- The list of quotes should be monitored regularly – this is the main source of data on the exchange.
- It takes patience to wait for the signals you need to buy or sell. This type of trading is risky, because impulsiveness can bring serious losses to the user.
- It is advisable to keep half of the assets in BTC, since it owns almost half of the cryptocurrency market.
- Part of the funds must be left in fiat currency. Even if a collapse occurs, coins can be bought inexpensively for fiat.
- You should not keep large sums on the exchange account. If the coin was bought for long-term storage, it is better to withdraw it to a cryptocurrency wallet.
- Among other things, it will not be superfluous to track the capitalization and volumes of cryptocurrencies in the market. These data will make it possible to make at least an approximate forecast of the course behavior.
And our course will explain these rules and strategies in more detail so that our students have a better understanding of crypto trading.
