Protect yourself in trading

[tobiasisanjuan 45]

A successful method of protecting yourself is to limit your risk of exposure, never to place a large amount of funds in one position. Consider the speed at which a successful cryptocurrency trader buys and then sells, it happens in a matter of minutes, this is important information that you need to create an understanding and plan for. While this is easy to understand when you take a step back to review everything that is happening, crypto prices go up and down throughout the day, if you are slow to move you can potentially lose all your money, even cryptocurrencies. they are "guaranteed" to win. By limiting the size of your positions compared to the total funds invested, you can focus on the total number of positions you are buying and selling, rather than value. If the daily volume and volatility induce you to move, start trading. Learn to be patient and wait for proper operations.

[younes Phénomèn 113]

Yes I agree with you
Wrong trading involves many risks, which can adversely affect you
So you should focus carefully before entering into trades
good luck for everbody

[Niaz sidhu 5]

Yes i agree  we do not waste large amount of funds in one position 

If its sells down than you potentially go down .

So plan before invest a large amount  

[Sadia_rupa113 426]

 

Yes,i agree with you.trading is a good idea to establish 

our life.but before trading,we have to know about trading,

business Planning. So we should take carefully about trading. 

Cause wrong trading is dangerous for you.

Edited December 3, 2020 by Sadia_rupa113

[James bond 75]

Yes I believe you
Wrong buying and selling entails many risks, that can adversely have an effect on you
So you need to focus cautiously earlier than stepping into trades
desirable good fortune for everbody

[Amr90 1064]

Waiting for the right opportunities is a good thing and also you should not rush to enter deals randomly, the crypto and Forex market is highly liquid and if you do not have the opinion of the required money and basic information, the market will not be merciful to you.

[huesca123 946]

On 10/4/2020 at 4:48 PM, tobiasisanjuan said:

Learn to be patient and wait for proper operations.

That is probably the 1st most important thing when trading or before entering a trade. Its also probably the hardest to master. Discipline, Patience & Money Management is also a key factor when trading.

 

In reference to position size, use 2 - 5 % of your account per trade. Never trade without a stop loss. Learn when is the best time to trade whatever your trading, for the most volume. Different currencies have best times to trade. Usually the best time to trade is the UK trading session & the USA / NY trading session.

[Choudhry Farhan 119]

Yes my dear its a good think always use a low amount in new one site when you feel or you are trustful this platform not scam then increase your amount level to get good profit