Learn trading crypto! This is what you need to know.
#cryptotrading #daytrading #tradingcrypto #whytrading #daytrading #swingtrading
Whether you are mining up your own coins or investing for the future, basic knowledge of trading is necessary for your investments in crypto.
When you trade cryptocurrencies, whether it is day trading, swing trading or long-term investments, you want to find the best entry. And if you want to make even more money, you want to sell at the right time. Because crypto is violent, basic knowledge is important when it comes to buying or selling.
# What type of crypto trader are you?
When you trade cryptocurrencies, you can do it in different ways. There is a difference between spot and leverage. Leverage trading requires more knowledge and is not something I recommend if you have not studied crypto trading through a reliable education.
Study trading through MBA Trading Academy.
# Spot trading: You buy coins without risking losing your coins. The worst thing that can happen to spot trading is that your coins go down in value. The positive thing is that you never lose your coins.
# Leverage trading: You buy your coins but risk losing all your coins. However, you can make more money on leverage trading than you can with spot trading. If you go in with 10x and the coin goes up in value by 10%, you multiply it by 10 and then get 100% in profit. If the coin goes down by 10%, you will lose all the money you have entered with on 10x. On some platforms such as Binance, you can trade with 125x leverage. Keep in mind that the higher the leverage, the higher the risk you take and may lose all your money.
* For example: If you invest with €100, 10x. Then your €100 will be worth €1000! After the investment is made, you will receive a liquidation level that your coins may not go under. If you go below this level, you will lose your money.
** NOTE: It is IMPORTANT that you understand that you can lose all your money if you do not possess the right knowledge while trading on leverage.
What is the most important thing to learn when it comes to trading?
In trading, there are 16 different steps you should have knowledge of if you want to be successful with leverage trading. If you do not want to trade with leverage and just want to buy coins on spot trading, there are 3 important things you should learn about.
# 1: Support and resistance
# 2: Candelstick analysis
# 3: Market structure.
PRO TIP:
# 1: Do not shop ATH!
# 2: Shop at support level!
# 3: Plan your investments.
Where can I learn trading?
I always recommend taking a course. But all information is also available online for free. Google and YouTube have a lot of information you can read about. Via MBA Trading Academy, you have all the videos gathered in one place and have support when you need it. You have access to the course 24 hours a day so you can watch the clips whenever you want.
NOTE: **I do not give financial tips and you invest your money at your own risk. **All links is referral links.











