Libra Association Announces 21 Founding Members

15m
dcebrief

Crypto impersonation scammers migrate from Twitter to Instagram

22m
cryptoslate

RSK Increased Its Merged Mining Rewards; Bitcoin Miners to Gain More?

27m
cryptonewmedia

A Wild Centrality Appears in the Top-60 Market Cap — But Why?

1h
beincrypto

Klaytn launches $1M prize pool blockchain app developer competition

1h
cryptonewmedia

HSBC Enacts a Letter of Credit on a Blockchain in Malaysia

1h
cointelegraph

6 Commonly Asked Cryptocurrency Tax Questions » The Merkle Hash

2h
cryptonewmedia

Threatened by Libra, US Central Bankers Reconsider a “FedCoin”

2h
beincrypto

SEC Restarts Clock on Proposed ‘Bitcoin and T-Bills’ ETF

2h
coindesk

Crypto.com sparks cryptocurrency adoption in the US with sweeping expansion

2h
bitcoinwarrior

Gate.io adds Ontology (ONT) to interest earning program

2h
cryptonewmedia

Bitcoin’s 18 Millionth Coin Will Be Mined This Week

3h
beincrypto

Bitcoin Bear Flag Could Cause Crypto Asset To Retest February 2018 Lows

3h
cryptonewmedia

Litecoin new favorite among crypto sextortionists, report

3h
bitcoinwarrior

What is SoloGenic?

3h
nulltx

New Gov’t Initiative to Put South Korean Trade on Blockchain by 2021

3h
cointelegraph

Bitcoin Bear Flag Could Cause Crypto Asset To Retest February 2018...

3h
newsbtc

humankind will swim in it |

3h
cryptonewmedia

Bitcoin Will Break Out Again in November, Suggests Cryptocurrency Trader

4h
beincrypto

Grayscale: Q3 Saw Record High Inflows, Growing Institutional Interest

4h
cointelegraph

Blockchain is the future: humankind will swim in it

4h
bitcoinwarrior

What is Algorand (ALGO)?

4h
cryptonewmedia

CME: Bitcoin Futures Interest Still Strong

4h
bitcoinnews

Ford Uses Blockchain Tech to Track “Green Miles” Driven By Vehicles

4h
cointelegraph

Lisk Reduces Block Reward by One Third, Further Slowing Growth

4h
beincrypto


Covering the Basics: How to Maximize Crypto Trading Profits

Cryptocurrency trading is attracting a lot of new investors for all the right reasons. The market is livelier than ever, and there are plenty of opportunities to make money through trades. That sign of rapid market growth is more apparent with more ICOs and a growing number of crypto investors entering the market.

Maximizing profit is an objective for both new and experienced investors. We actively seek ways to profit more from the different coins available on the market. While there are advanced strategies to help you solve market challenges and maximize profit, covering the basics can actually be incredibly effective in increasing profit. The big question is: which basic elements can you tweak?

Choosing the right broker is a crucial first step towards having a pleasant trading experience. When you trade through a credible exchange or a capable broker, you always get the best prices. At the same time, you benefit from low spread and can better protect your investments in the long run. Privacy is another thing that top brokers provide sufficiently.

There are also added benefits that reliable brokers now offer. Instant deposit and withdrawal processing, faster exchanges between coins, and other added features are useful for streamlining your trading experience.

Thankfully, choosing the right broker to engage is easy. You have more exchanges to choose from, which means you can easily compare services and features among the best options. You also have complete freedom when defining your personal requirements. To make it even better, the top investment site ‘InvestinGoal’ now has a list of best brokers to help you get started.

Risk management is another important basic to cover if you want to boost profit. While it is nearly impossible to profit on every single trade, there are ways to manage your risks and boost profit at the same time, starting with trading within your budget. You need to have a clear plan before entering the market.

That plan needs to include how much you are willing to invest, the target profit you are aiming for, and the amount of risk you are willing to absorb. The plan depends highly on your risk profile and the trading style you want to adopt. For example, experienced traders often seek small but repetitive profits rather than a rush to a big win, because the former comes with fewer risks.

The cryptocurrency market is unique because there are no tangible fundamentals to analyze. The value of cryptocurrencies is based on digital assets and market volume, hence the relatively higher volatility. In order to make wise investment decisions, you need to focus on that value.

The more you trade, the better you’ll be at understanding the value of cryptocurrencies. Reading market volumes and understanding market movements will be your second nature after the first few trades.

With these basics covered, maximizing your profit in the cryptocurrency market will be a lot easier. You can begin implementing advanced strategies and expand your cryptocurrency portfolio to more coins and higher trading volume.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments