Cryptocurrency is very hard to predict due to its volatility. Short term volatility for the most part is unpredictable. Unlike stocks, and other speculative instruments, cryptocurrencies come with a built-in highly-reliable indicator as it relates to predictive analysis because their overall values are a product of network effect. And we know that the more people using a cryptocurrency, the more valuable it is.
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There are two answers at your questions on practice trading. There are two websites sparkprofit.com and tiql.co. You can learn trading using these two sites. On tiql you can trade as low as with 1 USD, on sparkprofit you can trade for free. You can talk everything with other traders on these two websites and learn from them.
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You may not be able to predict the price of a coin, because it is difficult to know the rise or fall of coin prices in the future, you may only be able to find out by analyzing the current market situation that is happening, maybe that's the way you can use it.
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Biggest reasons you will lose from a trade are from just poor research and crypto chart knowledge and also from bad patience and also the fees. You can still trade for profit but not net anything because of commission fees.
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First of all, concentrate and give your priorities to your assets and put only the required money to it. Then suppose say 60% of your salary is spent on daily needs or assets, then try savings like about 20% and then you can invest your 15% in trading. And the remaining 5? Well charity maybe!
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I will sell when I get a profit, I never set how much profit I should get because it all depends on the price and market conditions at that time, if the price starts to fall I will sell it even if I get a little profit than i have to hold my bitcoin again, or if the price is still rising then I will hold my coins while watching the market movement.
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Investing in bitcoin in my opinion is not a strong risk. Every year bitcoin only grows. Correction, too, is, but after them it grows again. Given that now there are large injections of money int
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This is what every employee should always do. They need to divide their salary in order to budget their money very well because if you don't have any budget plan then you are going to be broke for the rest of the month because you don't have a directory on where is your money should go. So learn to diversify and divide your salary or money.
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I think this forum is the best place for you to learn about trading. There are a lot of topic about trading disscussion, you can get a lot of experience through these topics. Beside you can find out some trading training courses on the internet to learn more about it.
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Yes you can. If you don't have much experience and skill I think you should use some trading bot or join some trading signal group it'll be better for newbie in trading like you. Cause it'll take really long time to have enough experience and trading skills to find out the best cryptocurrency to invest or the right time to sell and buy. But it'll much easier if you can join a legit trading signal group or have trading bot like Gunbot
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#JOIN
Bitcointalk username: jinx029 Forum rank: member Posts count: 115 ETH address: 0x36C15DC5ed7E119eC1635b8F5BAbE5aC65e90E28
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in my experience you can do buying and selling despite a small amount of bitcoin, should you commit your small amount of bitcoin in alternative section there you can really purchase a good amount of reveal of a inexpensive coins but getting good possibility to increase also it can really give you great revenue ultimately.
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Both stock and crypto worth investing on, recalled stock had been existence for so many years and people are really making fortune from it I.e real traders, meanwhile cryptos too are good for investing due to their highly volatility in nature especially bitcoin, although you have to study this Cryptos very well to know which of them is really worth investing on.
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There are several types of risks you will be exposed to. I can justify each and every of them. But in order to stay positive. Lets just say you would want to look into the financial risks of it being devalued throughout the process.
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If you want to improve trading then you should invest in knowledge and read a lot of things about trading and also study how to do a very great technical analysis because that is only the best way to make a great trading performance is to have a good knowledge in technical analysis. That is the best way to improve trading.
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There is never a free time to tell the truth. Time has to be made manually by the time. Why not, if we do not have any work, then just sit down and waste time. But if you want to do something, the time is automatically festooned. Whether that's the trading and annual campaign.
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I think the best way to improve you trading skills is be patient always and all the time hold you coins until you reach the good price that you want a good profit also always study watch youtube and some videos about tradings
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Trading is indeed a unpredictable job specially here in the crypto world we all know that the crypto market is so volatile sometimes the value of coins flactuates very high or very low we never know when we will earn a good profit or we end at loss. But for the members here who are in trading are already used to it to the volatility of the market.
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One of the popular way to know about the next pump is to be updated for the upcoming events that are related to the coin that you are about to trade or to invest. That is what the most of the people now are doing they are just searching and looking for some huge events that might become a reason to pump up the price.
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trading is the good way to grow your bitcoin and long term investment for sure your get profit, that's all I know to grow your bitcoin except gambling well its quick to earn more bitcoin but its risky, chances you will lose your bitcoin.
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