Actually, you don't need to learn too much; you just need to know how to use some basic crypto tools.
There are so many coins in the crypto world; you need to be clear about which ones to buy and how to buy them.
Otherwise, relying on gut feelings to trade will not be a long-term solution.
I have been trading cryptocurrencies for 10 years, turning 50,000 into 28 million.
I want to earn my first million in the crypto world, and I can only use this method with a small principal. I want to earn my first million in the crypto world, and I can only use this method.
Method!
If you have enough funds, then earning a million is not difficult at all. If the funds are too small, the only help I can offer is contract rolling.
Position management. Usually, if a popular coin rises by 30% in a day, and you only have $50 to $100 in small funds, you can choose.
Choose to go long with 20x leverage when the price is low, and continuously roll over profits (i.e., reinvest profits).
If the increase really reaches 30% on that day, then your earnings could be between $5,000 and $10,000. For example, recently strong-performing coins.
Coins like turbo, not, people, etc., are very suitable for rolling over operations.
However, the risk of 20x leverage is high, and even a slight market correction may lead to losses. Therefore, using 10x leverage might be a better choice.
Choose, although the expected returns will decrease, but the margin for error will significantly increase.
Once the rolling over is successful, even if you make mistakes later, your loss will be limited to the initial $50.
If you have a certain market perception or skills, and you are lucky, then even with only $50, you might double your money.
On the contrary, if you lack luck and skills, even with 500 million in funds, you could still lose everything.
Therefore, even if you start from trial and error, you only need to invest $50 instead of blindly putting in a large amount of money.
Why am I able to earn money through trading cryptocurrencies?
My thinking is like this! Managing positions and mindset is very important in trading.
I have 10,000 yuan, and I usually divide it into three parts, investing 3,000 yuan each time.
If I see a direction clearly, I will act decisively. Many people don't know whether to go long or short, and this is when your skills are tested.
Self-control is essential. Go long when the market is down, short when it is up, while maintaining patience.
If you open positions frequently, the probability of losing money can be as high as 70%.
The principles of trading are actually quite simple, and do not involve high leverage operations.
This is the core of position management: only use one-third of your funds. Even if you lose once, you still have enough principal to continue operating.
Do you really have the ability and skills to get rich overnight with high leverage?
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