Important tips for successful cryptocurrency trading
As in all financial markets, caution is in order and it is important to follow the advice and comments from the experience of others to come out of the trading and investing process with success and profit. the eye.
Before we come to the advice, let's first see what is the process of cryptocurrency trading?
It is true that we hear more about trading money (forex), stocks or commodities than trading cryptocurrencies. However, these digital assets can be a turning point in investing. Cryptocurrency trading is for the investor to invest himself in the upward or downward movements of the cryptocurrency, in order to lock in their profits. When you work through a special platform, you have the option of trading CFDs, up or down, because you can profit from the production process. profit if the increase occurs, so it is a short-term situation.
Check their legal status, read reviews from other users, etc., to make sure you are dealing with a trusted platform. Don't bet all your capital on one
cryptocurrency 
Your feelings and enthusiasm for cryptocurrency should not lead you in any way to bet on this special asset.
This advice is true even in the long-term investment situation known as hodling; (hodling is the term used to describe the storage of cryptocurrencies for a long time), and it is a process that requires more time than trading, because it does not depend on many movements recorded by the market. He will say that the risk of a failure or a sudden change in direction can not go away, so the loss is significant if you do business or invest in cryptocurrency.
Therefore, we recommend that you change your investment options, whether that means avoiding investing all your money in one digital currency, or avoiding buying the same cryptocurrency several times in a row. Develop a clear portfolio management plan, for example by opening several openings at the same time, actually by calculating the percentage of capital to invest in each project, etc.
Don't buy sudden jerky movements or deep dives
Cryptocurrencies are known to attract many traders and investors. And no one wants to really feel sorry for not investing in bitcoin and get back the heartache that passes when the opportunity is complete when the price of bitcoin is below $5 in 2010 when one bitcoin is worth at the time of this writing. Article (July 2022) $22,000.
Entry or exit from the market of some large investors, often called whales, when significant social events sometimes lead to sudden highs or lows. Often, such rapid development is observed in a short period of time, for example, when a popular cryptocurrency is listed on a new trading platform. Don't let yourself be tempted