Crypto = Strategy
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From Zero to Profits: This is a working strategy, or rather, one that delivers results. Before that, you need five things—if you have these, God willing, you will start making money or profits in your Crypto Trading.
1] The first thing is Educate Yourself. Bro/sis, there is no shortcut here. If you want to make money in crypto or be good at trading, you must start by building yourself with knowledge. Seriously, no matter how much money you have, without knowledge you will keep struggling in the crypto market and making unnecessary losses.
So, the most important thing everyone should know, as most already do, is that you must seek knowledge before investing in crypto if you want financial security and peace of mind. Knowledge plays a huge role in this space. This space is actually controlled by those with knowledge, while the ignorant get played.
2] The second thing is Concrete Goals. You must set clear goals for yourself. Because your emotions control about 80%-90% of every decision you make in crypto. So, you must set clear goals if you want to trade successfully in crypto.
3] The third thing is a Trading Plan. Every successful trader you know in the world definitely has a trading plan. This is something everyone has their own version of, so you should create yours too. For example, for me, I allocate specific days and times in the week to do my trading. I don’t trade anytime I want, especially when the market doesn’t have much volatility.
Most of the time, I trade from night until early morning. If I want to trade a particular token or coin, I add it to my favorites section, then do volume analysis on it for some time before entering a trade. If I see demand — either massive or small — I use my trading plan to decide. So you should learn to do the same.
4] The fourth thing is a Demo Account. Brother, if you ask for advice, I say start by learning trading using a demo account before risking your real money. A demo account uses free virtual money designed for you to practice trading, to make profits or losses without actually losing or gaining real money.
Many exchanges offer new users demo accounts to help educate them. It’s like practical training with fake money, not real money, to avoid losses.
5] P2P = Real Profits! The most important thing you should always do is, whenever you make money in crypto, make sure you withdraw your earnings if you need to. Even if you make profits in the crypto market, your profit isn’t secure until you do P2P withdrawal and see the funds in your account.
Most times, when someone makes a successful trade with good profits, their emotions can trick them into immediately entering another trade to try to make more profit, which can lead to losing both their capital and profits altogether.
Therefore, taking profits is one of the best strategies I believe in when it comes to cryptocurrency. There are more chances of losing by not taking profits than by taking profits in crypto. So, you must work with this strategy if you want to benefit in this space.
God willing, soon we will share more advice we think will help you in crypto trading. Everything we say is based on experience, so it’s good for you as a new trader or someone wanting to start crypto trading to work with these.
