Through a long period of trading, I present to you a set of important tips that everyone should know:
- Do not buy a currency at its peak because it will certainly drop, and even if it drops for a correction and then rises again, you will not gain anything.
If you are an investor, always buy at the lows and set a sell order at the appropriate selling points, and activate a stop-loss before support. Never sell at a loss, even if the currency drops below the stop-loss as long as you have a defined stop-loss. But make sure the stop-loss is at the right point so that there is a range for the currency to fluctuate in order to protect your money from any sudden drop.
If a currency that rises quickly catches your attention, do not rush to buy because it may be before the peak and will reverse downward unless you are sure it is the beginning of an upward trend.
If you are someone who is dedicated and wants to be a trader, make sure to buy after supports and sell at resistance, meaning do not be greedy and do not forget to set a stop-loss before support.
If you are a beginner, try to follow professional individuals who publish forecasts for currency rises to know how to determine the appropriate selling and buying points and stop-loss. But make sure to check the publication date.
Always invest in well-known currencies that have projects like
$XRP $SOL $ETH #BTC #ADA But make sure you bought at the lows or during the correction or the downward reversal.
If you have any questions or inquiries, please ask in the comments.
Wishing you successful profits and green investments, God willing.
