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Lesson Four:
What are the ways to work within the cryptocurrency market?
To work in the cryptocurrency market, there are two main methods as follows...
The first method is investment or holding, where the investor buys the digital currency and keeps it for a period of time until its value rises, then sells it. To succeed in this method,
the investor must understand the cryptocurrency project they wish to purchase and evaluate the strength of the team behind it....
There is a wide range of projects in the market that vary between games, environmental protection, agriculture, and projects that support alcohol, loans, and pornography. Therefore, the choice depends on the investor themselves.....
The second method is speculation, which is the hardest and riskiest type of trading. This method requires the investor to learn many aspects such as technical analysis, financial management, planning, and risk management. The speculator also needs complete control over their emotions and psychology. Now, the matter is more complicated than some may think; this type of trading requires effort and long hours of monitoring the market and dealing with its fluctuations and cycles, taking into account external economic conditions and important news.....
As for the invested funds, they are very important when trading cryptocurrencies. Investors often use spot trading in English. In this type of trading, when buying a digital currency.....