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March 04, 2018, 02:30:34 PM |
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Obviously there are big difference between saving money and investing money, which have totally different purpose, and lead to different roads. Saving money may be looks more safe, but not the correct way for building your own wealth. People always searching for the easiest ways to invest them money , same time the more safe ways is , the more better to do .In last ten years we all heard about bitcoin millionaires, they spoken about how easily , quickly and non-stoppable they built them wealth by investing in cryptocurrency. May be that’s why crypto-currency trading becomes that much famous, but before you start trading in cryptocurrency must be aware that everything in life has its advantages and disadvantages, both together you cannot separate it.
Why trading in cryptocurrency the best way for invest money
Exchanging rate for crypto-currencies different types becomes higher than the beginning time of it in 2009, there are many economist predict that rate will reach new level in 2020. That’s why investing in crypto-coins is the best way to grow your wealth, we all hear about crypto-coins millionaires stories, and how they start with small amount of money and gain a wealth after few months, because of when they sell the crypto-coins they have, find out the price becomes higher than the time they bought it. Above all of that trading in crypto-coins won’t effect in your daily life routine, you won’t need to a long time to it, extra advantage whatever your age you can start your own trading strategy now .We all heard about 19 years old bitcoin millionaire and 67 years old millionaire too, both have different Circumstances, but both successfully gain wealth from trading in crypto-coins.
Important tips before trading in crypto-coins
1- Start crypto-coins trade only when you know why you’re starting and have a clear strategy for afterwards. You must have a long term strategy before starting investing money in crypto-coins trading, decide which coins to buy first, coins are not created equal, so don’t treat them the same way. Don’t make sudden moves, waiting for the inevitable correction after the peak of a price rise might allow you to buy in at a much better price and see more sustainable profits when the price rises again.
2- Have a clear target, for each trade you have to set a clear target level for taking profit, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed, that’s will help you to make a quick decision ,and know which suitable for you and which not , when you should buy ,and when you must sell to gain more importantly.
3- Do technical analysis, you need to learn analyzing of price and volume data and trying to predict future trends based on that. If you know how to read a chart, you’ll clue you into good spots to buy and sell. If you don’t know follow the people who know ,and make sure before taking any step it service you targets.
4- Buy low and sell high, truth is you must have a good reason to buy or sell, same time this step must service you big goal. Whatever the crypto-coins types you trading in make sure the sell price higher than the buy price, you cannot sell according to economic news, or some opinions, keep moving according to your strategy and keep in mind slow profit better than quick ones.
5- Never share your private keys or passwords, honestly you must share your public address to be able to receive coins, but never share your private keys or passwords with anyone. If you can avoid being online when you enter your private keys and passwords, that is even better.
6- Always double the link. Make sure every time you use the right link. Some scam sites will use a similar domain or a very close Twitter address to run phishing scams. Other times many hackers’ uses fake links to steal your profits .That’s why you must double check everything.
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