Although the crypto community works for the common good, some individuals want to make money quickly by fraud and false declarations or scams. The simplest way is to create hype in online discussion forums, with the goal of increasing the price of the coin and selling their own coins at a higher price. Many of the users of these forums are just as inexperienced and gullible as you can be, so it is a good strategy to follow good judgment and objective information based on your own research. In the case of bitcoin readings this is important.
Don't lose your temper
In such a dynamic market, everyone can quickly make a mistake, even by following all the advice imaginable in the books. Unless you have really invested too much which is the first thing not to do, any losses should not have a dramatic impact on your life. You should consider every profit or loss as a lesson for the future. Take it one step at a time. Stay calm and trade.
What is the most profitable way to trade cryptocurrencies?
Well, as you have seen there is no real answer to this question. You can easily learn more about trading methods by doing research on the Internet, by following the steps you will avoid scams.
Have you ever wondered if it was possible to speculate on the cryptocurrency market with only $ 10? Indeed, Admiral Markets now has several crypto currencies in its financial assets, possible to trade, such as:
- The Ripple
- Cryptocurrency trader
Bitcoin: is it too late to profit?
Considering the meteoric rise of the most famous money crypto, it is normal to ask the question: is it too late? Nothing is certain in trading. There are only probabilities and risk management prevails. What is certain is that Bitcoin has not finished surprising us.
Have you ever thought that it would be interesting to bet on cryptocurrencies with very little money, in the hope of seeing the explosion of a cryptocurrency like that of Bitcoin? You just have to decide your acceptable loss level, namely your Stop Loss. Once you know where to place your Stop Loss, all you have to do is:
- Enter the number of pips or points in the "S / L" part of the "Lot Size Calculation" included in the Mini Terminal
- Enter in the lower part "Fixed cash risk: EUR" the amount in euros that you are ready to risk
- Click on "Set lots"
Then the Mini Terminal calculates in less than a minute the number of lots necessary to represent a stop loss of 10 $, according to your criteria. Now you just have to take action by clicking on the BUY button on the Mini Terminal of MetaTrader 5 Supreme Edition. You can then see that your position is open on the market with an automatic stop loss representing $ 10 of risk at the level of the chart you have chosen.
Do you want to invest in Bitcoin without buying Bitcoin?
The value of Bitcoin, like that of any other commodity, depends on supply and demand. Bitcoin is not supported by any physical asset, which makes it very difficult to assess, except by applying technical analysis to facilitate short-term Chartist configurations. This is where trading systems and sound risk management come in. This is your advantage over other investors who still have to learn Bitcoin CFD trading.