These Top Crypto Trader Strategies Can Help You Go From Newbie To Veteran

Due to the sharp decline in the stock market and the one-way nature of cash transactions, more and more people are opting for futures transactions. This is because this market offers traders two options: long and short; traders also have more freedom in the market and the ability to double their capital. Note that Bitcoin (BTC) is also favored by more and more people when the stock market goes through turbulence. It is not easy to actually make money in the cryptocurrency market. To get a share of the market, it is essential to spend enough time to learn well.

We interviewed a senior crypto trader who has been involved in the cryptocurrency market since its inception. He will give you some useful tips for your trading.

Can I consider myself a trader after several successful trades?

The well-known expression “beginner’s luck” also applies here. You can profit one or even several times from opening trading positions by gambling, but unfortunately this is not a viable method. Behind every win can be the next loss. However, most beginners are not mentally prepared to take losses. Novices have also been known to have been caught off guard by the so-called “beginner’s luck”, investing haphazardly and eventually exiting the futures market after being forced to close their positions. To do crypto trading successfully and effectively, you need to understand several aspects:

  1. The current market situation. (Find the meaning behind the candles). Follow news, events and community discussions. This information may influence the market development.
  2. How trading tools work (what types of orders are available, etc.). Understand basic technical analysis and how to read charts.
  3. Learn to read trading signals and understand buy and sell timing. Analyze trading patterns and movements on the chart to build the right trading strategy.

What should I avoid while trading?

  1. Emotional trading. It is recommended to act with discipline. Emotional trading is very common, but if you go “blind”, you will eventually lose your money. Successful traders know how to control their emotions and stick to their trading strategy.
  2. Forgot to set one take profit and a stop loss† Trade without stop loss Where take profitIt’s like driving a car without brakes. For all traders, knowing how to use these tools can maximize their profits. As long as there is still a position, it is always easy to open the next order.
  3. Trading with positions that are too large. Beginners tend to invest in positions that exceed their own limits in the hope of making huge profits, and when the market fluctuates, they immediately pull back. This is the best way for you to make sure you have a clear goal in mind and define your risks when trading.

How do you choose a cryptocurrency trading platform if you are a beginner?

There are almost as many exchanges as there are cryptocurrencies, and some of them are scams or frauds. Some bad exchanges can charge unreasonable fees without any notice, while others’ trading rules are just too complex so traders can waste a lot of time learning.

In fact, if you want to familiarize yourself with the market and trading rules as quickly as possible, trading with a demo account can be a great help. A demo account allows you to practice trading strategies, familiarize yourself with trading rules and analyze the markets. Successful traders are always the ones who learn to analyze the market, keep abreast of market news and constantly try out different strategies.

Is there an easy trading method to make money with cryptocurrencies?

In fact, the answer to this question is both “yes” and “no”. The reason for this is that the market always presents an opportunity to make money for those who follow the market “in the moment”. There are platforms that provide beginner’s guides and strategies for: copy tradewho can help you.

Bexplus is a professional cryptocurrency trading platform that offers demo account and copy trading. This unique trading tool gives investors who are new to the market the opportunity to become a veteran. It allows you to copy investment orders from experienced people, as well as adjust the share of your order copy, the take profit and the stop loss† You can also terminate the copied order at any time. For veterans, you can also benefit from those who follow your strategies.

Why choose Bexplus?

Accredited by the FinCEN MSB (Money Services Business) in the United States, Bexplus is a well-known platform for trading crypto futures products. It offers 100x leverage on various trading pairs like BTC, ETH, ADA, DOGE, XRP. Moreover, it does not require KYC and the fair has attracted as many as a million people worldwide. It is also known for the following features:

  • Demo account with 10 BTC for traders to familiarize yourself with leveraged trading.
  • 100x leverage is offered to maximize trading profits.
  • Copy trading is possible to make the best traders profit for you.
  • A 100% match bonus for every deposit made.
  • A bitcoin wallet with an annual interest rate of up to 21%.
  • No KYC requirements, sign up is done in minutes via email verification.
  • An intuitive and complete application in the Apple App Store and Google Play.
  • A personalized service 7 days a week and 24 hours a day to solve your problems at any time.
  • Possibility of fast withdrawals with no time limit and no deposit fees.

It doesn’t matter if you are a beginner or a veteran, Bexplus is very easy to use for both and you will love investing in cryptocurrency with Bexplus. Click here to register and receive your 100% bonus!

Warning: This article is promotional content and does not constitute investment advice. Do your own research and only invest the money you can afford to lose.

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