I have been losing money in the early stage of cryptocurrency trading! Fortunately, I have gained enough experience in these years and slowly made it back! After these years of hard work, I have summarized 7 iron rules, which are all practical and practical. If you think they are unreasonable, you can scold me!
1️⃣ The wisdom of cryptocurrency trading, learn to follow the trend. Don't rush for success, let time prove the value. Pay attention to the 84-day moving average, its rise may indicate the arrival of the main rising wave.
2️⃣ Fund management, the foundation of cryptocurrency trading. Don't bet everything on one throw, allocate your funds reasonably, and only invest a part of it each time, so that even if you fail, the loss is within controllable range.
3️⃣ MACD helps to gain insight into market opportunities. When DIF and DEA form a golden cross above the 0 axis, it may be a good opportunity for you to enter the market; on the contrary, if the two lines cross downward, you need to reduce your position cautiously.
4️⃣ Trend is king, the essence of cryptocurrency trading. Choose those currencies that continue to rise, follow the trend, and let your income rise steadily. Short-term surges and plunges are often accompanied by high risks.
5️⃣ Be cautious when adding positions, and add positions when you make a profit. When the market pulls back, don't add positions easily to avoid falling into a deeper quagmire. When you make a profit, adding positions appropriately may further expand your profits.
6️⃣ Volume and price indicators are a powerful tool for currency trading. Pay attention to the relationship between trading volume and price, buy decisively when the low-level volume breaks through, and sell in time when the high-level volume stagnates.
7️⃣ Reviewing is a habit, and making money is guaranteed. Review regularly every week to check whether your investment strategy is effective, adjust the direction in time, and ensure that your road to currency trading is getting wider and wider.
Risks and opportunities coexist in the currency circle. If you haven't found a suitable team and leader, you might as well contact Caishen through the homepage, and share free dry goods and benefits with you. Remember, opportunities are always reserved for those who are prepared.
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