Before you trade in cryptocurrencies, first make it clear whether you are investing or speculating. You often check in various groups to see which coin is rising and you are about to get on board. How much money have these people made today? You will not make money trading in cryptocurrencies this way. You are excited when the market is good. You are depressed when the market falls. This is not the purpose of trading in cryptocurrencies. At least you should divide your funds into two parts. One part is used to invest in some valuable and currently undervalued coins. The other part can be used for speculation. At present, the people who can really make money in the cryptocurrency circle are long-term investors.
Recently, many coin friends have asked how this coin is? Can I buy it? In fact, when you ask, ask yourself three questions first.
1. Why do you think this coin is good?
2. What is your profit target for this coin?
3. Where is your loss position for this coin?
Coin trading is not speculation, there are only two steps: buying and selling.
