For some time now I have closely watched the work cryptocurrency to feel where the market is. I was an ordinary primary school teacher taught me – where you wake up, pray, brush your teeth and taking breakfast, a bit shifted to wake up to pray, and then knock on the Internet (since coinmarketcap), to see which assets have kriptovoy red.
The beginning of 2018 was not great for altkoinav and related assets. Their performance was crippled bankers agree that the crypto-bubble is about to burst. However ardent followers cryptocurrency still "HODLing" and, frankly, they reap a large number.
Recently bitcoin retreated to near $ 5,000; Bitcoin Cash approached $ 500, and found peace Ethereum 300 dollars. Almost every coin has broken from visitors who were still in the stage of excitement. At the time of this writing, Bitcoin is back on the rails and sold it at $ 8900. Since the beginning of an upward trend, many other crypts have doubled, and a market capitalization of $ 400 billion from the recent $ 250 billion crest.
If you slowly razagravaetsesya to cryptocurrency and want to become a successful trader, the tips below will help you.
Practical advice on trade cryptocurrency
• Start modestly
You've heard that the price of cryptocurrency soaring. You also probably have received the news that this upward trend may not last long. Some naysayery, for the most part respected bankers and economists, usually go to in order to call them to get rich quick schemes with no stable basis.
Such news can make you invest in a hurry and not to use moderation. Little analysis of trends in the market and the currency held for investment can guarantee you a good return. Whatever you do, Do not put all your earned cash into these assets.
• Understand how the stock exchange works
Recently, I saw a friend of mine posted on Facebook a tape of one of his friends, who continued to trade on the exchange, and he had zero idea of how it works. This is a dangerous step. Always check the site you are going to use, before you sign up, or, at least, before you start trading. If they provide the dummy account, which will be available, use this opportunity to find out what it looks like on the dashboard.
• Do not insist on all trade
There are more than 1,400 cryptocurrency for trade, but with them it is impossible to understand. The spread of the portfolio on a large number of the crypt, than you can effectively manage, minimize your profits. Just select a few of them, read more about them and how to get their trading signals.
• Be sober
Kryptovalyuty with & # 39 are unstable. This is both their benefit and advantage. As a trader, you need to understand that the wild price swings are inevitable. Uncertainty about when to make a move one trader makes ineffective. Use hard data and other research methods, to be sure, if the carry trade.
Successful traders belong to the various Internet forums to discuss questions about trends and market signals. Of course, your knowledge may be sufficient, but you need to rely on other traders to get more relevant data.
• Substantially diversify
Almost all tell you to expand your portfolio, but no one will remind you deal with currencies with a real use. There are a couple of false coins with which you can quickly fight, but the best of the crypt, which can be controlled, – those who decide to existing problems. Coins of the real use is usually less elastic.
DO NOT diversify too early or too late. And before you make the step to purchasing any crypto-asset, make sure you know its market capitalization, price changes and daily on the & # 39; the trading volume. Saving a healthy portfolio – it's a great way to get to these digital assets.