Dear viewers cryptocurrency trading may make you quick rich or poor as well. So, trading without knowing the exact cryptocurrency trading secrets it may harm your financial strength.
Cryptocurrency Trading Secrets
Dear viewers if you want to take advantages from your cryptocurrency, then you have to do smart trading. Otherwise you may loose your hard earned money. If you will invest smartly, you will probably get smart returns.
Today In this article you will learn some best cryptocurrency trading secrets for achieving your financial goal. So, let’s start and see everything in detail.
1. Make Money Management Plan [ MMMP ]
My first advise for successful crypto trading is make money management plan. Divide your investment amount in four (4) sections. Suppose you are trying to invest 100$. Then you have make its four parts. Each should contain 25$ share value.
First of all invest your first 25% amount for buying any cryptocurrency.
Now you have 2 options either your coin price will increase or decrease.
- Price Will Increase
- Price will decrease
Increasing money is good for everyone. But decreasing money may be a cause of financial loss. So I will tell you how to manage 2nd option. Suppose your coin price is start falling. Wait for some time and on enough and targeted price place another buying order with 25% amount.
If price will go more down then you have to repeat the same process. It will make your price averaging. Suppose you bought a coin at 50$ and some time it become 30$. Then you average price will become 30$ which is quite interesting.
Now you have invested your 50% amount and 50% cash or fiat. Check the previous 24 hours volume and trading view chart.
Analyze the upcoming situation and place 1 selling order at high price and 1 buying order a low price.
Now you have 25% free fiat amount for investment and 50% locked for buying and selling. Also, 25% amount coin for future.
After some time check your order confirmation details. And plan next buying and selling orders.
This is the best option to invest and trade cryptocurrency safely follow this.
Never sell your 25% investment in any situation and never buy with your last 25% fiat amount. Hold these two for buying at the lowest price history point and selling on the highest targeted point.
You will get these options once in a year for sure but no body know the exact time so be prepared always.
2. Select the Day Trading Coin
Day trading coin can give 10 to 50% return in 24 hours. So analyze the chart of your portfolio and live exchange coins. Find the highest performing coin. It can be find by filtering the top performing coin.
Buy this coin at current rate and place sell order for profit. This is amazing technique to earn decent income.
Suppose Bitcoin performing very well on a particular day. Then it may be because of any top buyer start buying this coin. So, it’s price will go high for next 1-2 day. Just buy this coin and sell on profit within 24 hours.
3. Find All Time Down Coin To Buy
This is a way to earn good return from the down price buying coin. In this case you may have to wait for some days or weeks for generating returns.
Just check the exchange coin chart one by one. Find any coin the is at the lowest vale of month or year or complete track record.
Now hold it for some time and sell on high price.
4. Sell All Time High Record Holding Coin
We always make our portfolio for holding and trading coins. In this situation check your portfolio and select all time high performing coin.
Sell the coin and book profit. Again buy at some low price and keep portfolio holding continue.
Wait for 2 to 3 months, and this holding can provide you 4 to 5 X written on your investment. Most of the traders invest for long time and sale at their targeted price.
My favourite Cryptocurrency Trading Secrets
5. Stop Panic Buying & Selling
Sometime cryptocurrency price start falling suddenly. This may be a panic situation and we think that we should sell our coins. And we eject all our coins.
But after few hours or days price will start surging and we have to buy these coins again at high price.
Same thing happen on buying criteria. When we see a perticular currency price are surging day by day, we start buying this currency. But as we buy it start falling. And we suffer great loss.
This type of situation is called panic situation. It is very dangerous for buyers and sellers. Just hold your hand back and wait for the final stability. After confirming the stability enter in the market. It will be your good decision and you perfectly make good profit.
6. Buy Coin At Price Drop
I have seen mostly people start selling their coin on price drop. It is a very bad situation. Just understand the concept behind price drop. The main reason of priced office maximum holders are selling their coins.
So, if you will do the same you have to suffer loss. But you may ask if I will sell l can stop my loss. This is not good you have to buy at low price for averaging your total buying price.
Always try to buy coin at low price and sell at high price. This is the best practice.
Doest Cryptocurrency Trading secrets really works
Yes of course cryptocurrency trading secrets really works. I have seen many people following this sterategy and earning decent income regularly. I also, lear these technique and implement in my trading journey.
- Don’t invest complete money at a time.
- Keep saving for price drop.
- Invest at lowest price.
- Don’t do buying and selling at panic situation.
- Have patients.
Main technique behind earning money from cryptocurrency trading is invest at low price. Wait for sometime and sale your holding coin on Profit. Take help from the tradingview chart to check the track record of that particular coin.
In this process select the top performing coin of the day. Invest in the day best performing coin and sale within 24 to 72 hours after getting huge profit.
Yes you can take 10 time returns in 1 year. Just check the recent example. Dogecoin surged 0.6 INR to 6.8INR within 1 month.
Yes cryptocurrency trading is safe to do. It is permitted by the government to invest and hold for profit.