Trading goals, do you have them?

Do you know what you really want to achieve when trading? Have you set any goals to work towards? Do you know why you want to achieve the set goal? Do you know what it takes to have a chance to achieve your goals? If you do not have goals and a plan on how to achieve what you want, then you are like a sailboat without a rudder in the ocean, you will only move away in the direction in which the winds and currents will take you. You have no control! Setting goals is an important step in achieving the things you want in life. Of course you can achieve things without setting goals and creating a plan that many have, however by setting goals and a work plan you become more focused and self-aware in the details to speed up your progress.
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We can break down goals into all the different categories such as personal health and fitness, spiritual, family and relationships, career, education, investments and finances, to name a few. Within each category we choose to create goals, you need to create subcategories. Thus, for financial purposes, one of the subcategories would be trading objectives. Now as a general statement, all those who decide to become a trader want to make money. It is a statement given to myself, but it is not a necessary goal because I have never met anyone who decided to become a trader in order to lose money. So what are goals and what is the right way to create them to achieve them?
All desires in life arise from dreams, desires and needs. From these dreams, desires and needs, goals are created. The process begins with creating a dream list without allowing your mind to place limits on those dreams. Don’t let your current situation or current state limit your thoughts about your dreams.
Make your dream list, because there are no obstacles. Once you create a dream list, the next process you need to do is review your dream list and review each item and see if it is a realistic dream, desire or need within your current conditions in your life. If the dream was to live in a $ 2 million home on the ocean off the coast of Florida and your current job was earning $ 25,000.00 a year and you had very little savings, that dream would not be a realistic dream in the current conditions in your life .
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Now if you are willing to make a drastic change in a profession that would bring you more income or find a way to improve your savings by becoming a discerning investor or trader, you will have a more realistic chance of achieving your dreams and goals. The key is to make sure your dreams and goals are realistic and compelling. Some of the goals you create will be easy to achieve, while other more important goals must be a challenge, you must push yourself out of your comfort zone.
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So, you have decided that you want to become a day trader in order to earn extra money, which you would need to buy your dream home. One of your goals now is to own a house on the sea. When creating goals, you need to write them down on paper or better yet on your computer for easier updating. When writing your goal, you need to be as descriptive as possible. Don’t just write I want a house in Florida on the ocean. Be creative with your dreams and goals, let your imagination run wild. What style of house do you dream of? Ranch style or two-story house? 4,000 square feet or 10,000 square feet? what are the colors How many bedrooms and bathrooms are there? Can you visualize the schedule? Is there a pool in the yard? If so, is it in the shape of a kidney or a rectangle? If so, write. The more details the better.
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There will be times when you create one goal and you find that you have to set another goal that will be needed to achieve the bigger goal you created. Think of goal setting as a recipe needed to create a fancy meal or to bake a cake. If you omit something from a recipe, you gamble on the outcome of that recipe.
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If you are planning to become a profitable day trader, what are the obstacles that might stand in your way? What does it take to help you achieve your goal of becoming a day trader?
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Examples of some obstacles would be:

1. Have enough money to fund your trading account.

2. Have the proper education to become a profitable trader.

3. Does your spouse or partner support your idea of ​​becoming a day trader?

4. Whether your current work schedule or profession is causing a problem at work

towards achieving your goal?

5. Is there a local or online support group?

6. Finding the right broker for my needs.

Here are some examples of some of the obstacles you need to overcome to be on your way to achieving your goal as a day trader. To overcome the obstacles you may have, you will need to work on possible solutions. If one of your obstacles is your need to find more liquid cash to fund your trading account. You need to think carefully and think of ways you can do this, you may have had an old collection of coins or other collectibles that you could sell to raise the necessary capital. If there is a will, there is a way!
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Each person will have their own obstacles that need to be overcome. Always be sure that this is money you can afford to lose and that it will not change your current lifestyle.
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Don’t set unrealistic deadlines on your goals and dreams. Some of your goals may be on time without deadlines, other simple types of goals will have deadlines. Looking at the above obstacles you can see that some of the above can be overcome in a few days or at most a week. Proper education can take months or more. Even so, owning one is still beyond the reach of the average person. The goal of having a home on the ocean can take several years to achieve, which can be assumed, as the goal of becoming a successful day trader.
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By breaking down what it takes to become a successful day trader comes the need to refine smaller goals. Creating daily tasks that help you achieve your goals is crucial. Make a daily plan of attacks and work that you plan every day. Stay focused and look back on each day to make sure you are progressing. Always create smaller goals, which you can achieve day by day, which will give you energy and encouragement to work on achieving a bigger goal. Some other key components you will need to work on are psychological components. If you need to improve to have more patience, create a goal in descriptive written details to show great patience while trading. If you need to improve your determination, do the same exercise as with patience. The key is to become more aware of what is really needed to achieve your goal.
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It’s not as simple as just saying I want to become a successful trader. First you will find the recipe and collect all the ingredients and combine them. The key to achieving your goals is to take the time and make sure you do whatever it takes to get to the end result. Everyday work on all the small details and concentrating and giving the key focus to the daily task and monitoring the daily progress.
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Quick overview for goal setting

1. Make a dream list

2. Review the list to see if the dreams are realistic, practical and compelling.

3. Write a descriptive detail of your dreams in a positive statement because it has already come true.

4. Make a list of all the obstacles you will need to overcome to achieve your goals.

5. Make a sub-list of goals that can be worked on and that can be achieved within a week.

6. Create a daily plan of attacks and work that you plan.

7. Make a list of daily tasks you will work on each day.

8. Review each day, week, and month to review your progress.

9. Always adjust your goals more when you achieve the set goal.

10. Always have continuous goals that never stop.

11. If you encounter a stalemate, problem, or stalemate, always look for another angle to try.

12. Never give up! If there is a will, there is always a way


Cryptocurrency – stay informed

Cryptocurrencies seem to be the hottest investment products that exist. Eavesdrop on any conversation of your friend, it’s about bitcoins. All workplace conversations also apply to virtual currencies. A popular word about online chat rooms is also about cryptocurrency these days. A quiet economic revolution is happening, thanks to the growing popularity of these virtual currencies.
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It goes without saying that if you want to become great in the world of bitcoin, then you have to have a nose for news. Now that you’ve narrowed your list down to a few cryptocurrencies, you’ll need to analyze and decide which ones have the potential to trade more and faster than others. That’s why you have to keep up with the news. You will scan information about blockchain trends from various sources. These days, several business channels are devoting exclusive time to these trends.
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Another potential source of information may be others involved in virtual currency trading. Meet a few of them who are very good at trading and choose your brain for valuable information. The Internet is a great way to get in touch with such experts. You can find them through online forums. Keep up with them regularly. Similarly, you can subscribe to websites that specialize in cryptocurrency trading. This way you can ensure that you do not miss any important news.

Good sources of information on cryptocurrencies can be obtained from various organizations. They offer a wealth of information about the blockchain ecosystem. The organization’s website offers extremely detailed information on digital currencies.

Saving your coins

Security is another thing that is crucial whenever you deal with cryptocurrencies. Since you will need to create and use several passwords for different accounts, we suggest using a password manager. Make sure you use a strong antivirus on your computer. A good firewall is also a must to ensure perfect security of your data and online transactions.

Another important thing to keep in mind is to never find out how much cryptocurrency you have traded online. This applies both offline and online. You should also never make a mistake when clicking on links to anyone in crypto groups. You could easily end up downloading a virus on your computer. It is known that most pages in these groups contain viruses.


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The future of cryptocurrencies

When you look at a cryptocurrency-based currency market, it will seem exciting, worrying, and mysterious at the same time. The pioneer, Bitcoin, has gained immense popularity in recent years. The currency no doubt fell significantly, but regained its position. Moreover, ICOs for new currencies based on cryptography are emerging at a rapid stage.
A lot of money is invested in the Bitcoin industry
We cannot ignore the fact that huge amounts of money are being invested in the domain. But according to financial experts, the whole future looks a little skeptical. The future of cryptocurrencies is based more on predictions of technological trends and speculations. There are some proponents of cryptocurrencies who see a bright future, while others warn people about the future of cryptocurrency.

Replacement of national currencies by 2030

Some of the leading futurists believe that cryptocurrency will remain and rule the financial market. Cryptocurrencies are projected to replace national currencies by almost 25% by 2030. Cryptocurrencies are considered more efficient, especially because of the way they work. So, replacing national currencies will not be a big deal.

In 2009, when Bitcoin was introduced, it showed great potential and was successful. Over a period of one year, it is booming and its growth is still ongoing, making it a legal currency and asset in several countries. In the last few years, several other cryptocurrencies have emerged and their popularity has led to the legitimization of new assets or currencies in addition to conventional currencies that function in the global financial economy.
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We cannot deny the fact that there will be lost money in a currency economy based on cryptography. But it is also believed that there is a great possibility of making a profitable income.

You can’t expect cryptocurrency-based currencies to work like cash

Crypto-type currencies operate on blockchain technology and are not tied to any centralized government unlike traditional currencies. Some experts often call it the blockchain economy. The tax administration considers cryptocurrency to be property rather than real currency. It would not be wrong to say that Bitcoin is more or less similar to selling real estate.

When you sell your Bitcoin, you pass on discrete digital information to someone else. There are several Visa companies that have already facilitated the use of cryptocurrencies for regular transactions. But cryptocurrency is still something that needs to maintain a strong position in the mainstream economy.

How To Survive And Succeed In The Forex Market With The Help Of An Automated Trading Advisor

The foreign exchange or Forex market is one of the world’s largest markets in terms of volume and amount of transactions. Forex certainly provides plenty of opportunities to make a significant amount of money quickly.

However, there is an equal amount of risk in losing just as much and at the same rate. This article aims to introduce you to automated Forex trading to improve your chances of survival and success in this relentless market.

The importance of psychology in Forex trading

There are many trading strategies you can adopt or develop to increase your chances of success and give you a better chance of survival. Whatever strategy you choose, psychology plays a key role in the success or failure of any Forex trader.

This is the psychological aspect of Forex trading that most traders find most challenging to master. It is estimated that less than one in ten Forex traders survive to become successful in this market. The main factor in the failure of the vast majority of people who try Forex is the psychological aspects of trading.

Even those new traders who have followed the recommended steps to get started tend to suffer from mindsets. They did their research on the basics of Forex trading; they opened a demo account; tested several strategies; and chose the one that gave the best returns. However, even with all the preparations, when it comes to trading their real money, that is a completely different story.

Opening a store too early, closing too late or vice versa is common for an inexperienced trader. Results? The ‘perfect’ strategy that worked every time on the demo account suddenly implodes and your capital starts to decline. Of course, strategy is not what implodes; it is the trader’s reaction to the psychological aspects of trading their valuable capital.

Automatic Forex Trading

One of the important aspects of Forex trading is that the process can be automated. In that way, all the pressure from the trader and his too many human flaws is removed! Automation puts jobs in the hands of an expert advisor (EA).

So what is EA? It is MQL-programmed software designed to work in conjunction with the Metatrader Forex trading platform. It is implemented by linking EA to the appropriate trading chart and allowing it to trade according to your strategy.

The beauty of EA is that it will automatically run your stores, without hesitation as a human trader can. He will stick to your strategy without suffering the psychological aspects of Forex trading produced by nine failed traders out of ten. It will continue to trade 24 hours a day (while markets are open) as long as you keep it online.

EA programming and setup

You can teach MQL yourself to program your EA or hire a computer programmer to do it for you. You can find talented developers at affordable prices on sites like Fiverr or Upwork.

When you program your EA, you need to put it online and allow it to work non-stop. Instead of running your computer all the time, consider using a virtual private server (VPS).

The VPS can be located anywhere in the world and allows your EA to operate 24 hours a day for around $ 10 a month. You may even be able to find a broker that offers a free VPS service. Once you get your VPS, sign up, install MT4, connect your EA to the relevant trading card and start automated trading.

Optimizing your trading

No matter how effective your strategy is, you will always have some losing trades. The key to success is optimizing your EA to minimize these losses. To do this, you can use MT4 trading copy programs. These programs copy Forex trades from one MT4 platform to another, and you can set the program to copy only successful trades.

You want to install two MT4 platforms, one for your real money account and one for your demo account. EA runs on a demo account, and the copy program is loaded on two MT4 platforms. Setting a copy program to only copy successful stores (positive values) will significantly increase your share of successful stores. All your losing stores stay in the demo account – and this is the best place for them!

Which time frame should you choose to trade and which is the most profitable?

Most Forex traders have no idea how and why Forex prices move and make key mistakes in the way time frames trade. In this article, we will look at three popular time frames and see what is the best time frame to trade in your trading strategy.

In Forex markets, all the basic news about supply and demand will be displayed in the price action, and therefore the views of all traders, so let’s divide the price action into 3 time frames.

Long-term trends

Major currency trends that last from a few weeks to many months and reflect the economic and political health of the country’s currency. These big bases are slowly changing from expansion to contraction and that is why these trends have been going on for so long.

Medium-term trends

While big fundamentals prevail in the long run, in the short term the emotions of traders can jump prices to much higher or lower, and this can be seen in medium trends, within a large trend that can be either with the main trend or opposite. Typically, these trends will last from a few days to about a week.

Short-term trend

This is an action within a day and is not really a trend at all, just a random price action. In one day prices can go anywhere and go.

What is the best time frame for trade?

From the above, it is clear that trading long-term trends can give you the largest amount of profit with the least business. All you have to do is enter the trend and keep it – but long-term trend tracking really suits a trader who is patient and disciplined.

Trading medium-term trends can be very profitable and requires less patience and discipline than trading long-term trends. You can make money in both time frames, and the one you choose will simply depend on your personality.

I haven’t mentioned daily trading yet and it’s the most popular time frame for trading, but it doesn’t offer you a real chance of success. There is a large industry that sells waste robots and other so-called low-risk daily trading and scalping strategies, but they do not make money and daily traders lose.

If you want to win in Forex trading, do not make the mistake that most people make and trade in the short term – trade in the long run and you will have chances on your side and you will be able to make a great second income.

DigitalTicks Exchange – Advanced cryptocurrency exchange

DigitalTicksExchange: Advanced cryptocurrency exchange !!!

DigitalTicksExchange is simply not another crypto-crypto trading platform. It is designed by retailers for retailers. The idea started back in December 2017. DigitalTicksExchangeteam is preparing the FIRST CRYPTO EXCHANGE OF GOODS. The team aims to provide the best trading platform for the cryptocurrency market.

Mission and vision of DigitalTicksExchange

With the main goal of being among the 3 best cryptocurrency exchanges in terms of market capitalization, the team applied robust, more powerful and best-in-class technology required by the advanced cryptocurrency exchange 2018 with the intention of being the best online cryptocurrency trading platform. Our team is committed to offering the most flexible exchange platform to traders and brokers and thus achieving a step closer to the goal of being the only exchange office tailored to customers with ease of trading cryptocurrencies and crypto commodities.

With the increase in the number of crypto exchanges around the world, the cryptocurrency exchange market has seen many new users attracted to trade in these currency exchanges, but the main challenge for any cryptocurrency exchange is to tackle exchange security and build trust and confidence users. DigitalTicksExchange, with its multi-cryptocurrency exchange and advanced security audit systems and regular vulnerability testing, plans to become one of the most trusted digital currency changers worldwide.

The DigitalTicksExchange team consists of retailers, industrialists. Entrepreneurs, Blockchain enthusiasts. To make the exchange successful, DigitalTicksExchange innovative developers have made every effort to understand the needs and requirements of retailers, from beginners to professionals. The platform is customized in a way that is easily used by all market participants, whether it is a hedge, scalper, arbitrage or speculator.

Here is a list of some unique features that would be offered on DigitalTicksExchange

Semi-algorithmic functionality

One order portfolio overview

Hot key function

Multiple trading instruments

Multi-device compatibility

DigitalTicksExchange Token (DTx)

DTx is a DigitalTicksExchange UTILITY Token. The DTx Utility token can be purchased using Bitcoin, Ethereum and bank transfers. The pre-sale of this token started on March 25, 2018, and the public sale on April 15, 2018. The sale of tokens ended on June 15, 2018.

The team is pleased to announce its successful token sales. During the token sale, the team sold a total of 64 million tokens, raising $ 30 million. It currently has more than 30,000 members of the DigitalTicks community and the number is growing much faster.

Advantages of trading on DigitalTicksExchange

The DigitalTicksExchange trading platform is much smoother and offers a great user interface with multiple features required by traders. One of the main advantages of using our platform is that the stock exchange will not charge any transaction fees in the first few months. This can be a great profit opportunity for high frequency traders. We will also offer quantity-based incentives for those high-frequency traders who are moving forward. We love our users and want to create a fair market for all our registered users and thus help them trade cryptocurrencies for profit by providing regular research reports prepared by our team of expert researchers.


With incentives such as the Volume Based model, the Maker-Taker Concept DigitalTicksExchange is focused on providing ease of trading and charging a fair price for trading. Aiming to be at the top, DigitalTicksExchangeteam is dedicated to providing all the tools and support that each of its traders needs to trade the cryptocurrency market. The stock exchange will be fully developed and launched at the end of August 2018 or earlier. The team believes that DigitalTicksExchange would be the most advanced cryptocurrency exchange platform for exchanging different cryptocurrencies – cryptocurrencies as well as goods in crypto. !!!!

The success of Forex trading – the story of two traders: one made huge gains, the other lost – why?

I once knew a 72-year-old sheep farmer who barely read the news and had no formal education, and yet made huge profits trading Forex by turning just $ 5,000 into over $ 70,000 in just over a year. . On the other hand, I knew a guy with a math degree who tried three times to make money on Forex trading, deleted his account within a month and lost about $ 16,000.

I told you the results, but if you only knew their profession and educational ability, you would probably assume that this little old woman has no chance against a guy with a math degree; if you thought the guy had a chance of winning, you need to read the rest of this article. I will now explain the traits you need to win and the reason why most traders lose money.


A guy with a degree in mathematics approached the market with the idea that he was smart and could beat the market. He was intelligent, so he believed that gave him the right to succeed, but he soon suffered several losses (like all traders) and he hated to make mistakes, so what did he do?

He refused to reduce them and let the losses flow, which is a cardinal sin in Forex trading and he was wiped out. His ego made him lose, he thought technology and intelligence could beat the market and when he got a call to wake up several consecutive losses, he couldn’t control his emotions and that led to his death.

The winner

The lady who made money was a simple, direct person who was very disciplined in running her farm and she took it to her shop. She wasn’t the smartest – but she had common sense.

She knew she would have losses, but she knew from her education that if she kept them small, she could get some jobs she could keep track of, cover them, and make a total profit. If you learn the basics of Forex trading, you will find that the best system you can use is simple, and the key to winning is a modest attitude and discipline and that is exactly why she made money.

Why You Can Win In Forex Trading

If you understand this article, you will see that the knowledge you need to win in Forex trading is easy to learn and that the real key to your success is market respect and disciplined trading, successful FX trading is within everyone’s reach if they learn to trade on the right way and we hope that this article will give you an idea of ​​the right way to approach trading in global foreign exchange markets.

The 6 Most Common Mistakes New Bitcoin Merchants Make

Are you thinking about starting in the world of crypto trading? If so, make sure you avoid the most common mistakes. You will be better than most crypto merchants by avoiding these mistakes. Interestingly, almost every trader makes these mistakes without even realizing it. Without further ado, let’s check out those common mistakes. Read on to find out more.

1. Emotional decision making

Beginners tend to trade emotionally. But the thing is, trading has nothing to do with your emotions. In fact, if you make decisions based on your emotions, you will be on the path to failure.

2. Buy high and sell low

Another common mistake that beginners make is buying expensive and selling cheaply. You don’t want to become greedy while doing this job. What you need to do is buy at a low price and sell high. This is the only way to make a profit by trading bitcoins.

3. Sell at once

Due to the two mistakes mentioned above, beginners buy or sell their Bitcoins at once instead of buying and selling them gradually in small quantities. If you ask an experienced trader, he will ask you to sell 20% of your Bitcoin after 50% profit. But the problem is that new retailers are too willing to sell. So they don’t have the money to buy dips. Some of them sell all their Bitcoins at once.

4. Buying the wrong currency

The new store buys cryptocurrencies that make tons of promises using big words. But they do not know that these currencies do not provide any technical innovations, such as Litecoin, NEO, Tron and EOS, to name a few. The problem is that they are fairly centralized blockchains. So you may want to avoid them.

5. Putting eggs in too many baskets

Due to a previous mistake, beginners tend to invest in many cryptocurrencies. This is not a good idea because it can make it harder for you to make money. Ideally, you may want to invest in 3 to 4 coins. In the world of cryptocurrency, you can’t afford to put all your eggs in tons of baskets.

6. Putting all the eggs in one basket

Another common mistake is to put all the eggs in the same basket. Ideally, you should have a well-diversified portfolio. In addition, you may not want to deposit all your cryptocurrencies in the same wallet or exchange office. What you need to do is use at least three wallets. This will help protect your investment.

In short, these are just some of the common mistakes that new cryptocurrency traders make. If you follow these steps, you are less likely to make these mistakes. As a result, your investment will be secure and you are more likely to make a profit instead of suffering a loss. We hope that these tips will help you start as a new trader and make a big profit.

5 tips and tricks you should know to be a successful crypto trader

If you are investing in cryptocurrencies for the first time, we suggest that you gain at least a basic understanding of the industry. In this article, we will give you 5 tips and tricks to help you become a better investor. Keeping these tips in mind will help you succeed as a beginner.

1. Look for reputable news sources

You will find different opinions about the world of cryptocurrencies. According to some people, crypto is nothing but a whim, while others think it is a great investment, especially if you want to invest your money in the long run.

If you are sure that you can benefit from Crypto, you should stay in touch with reliable sources and do not listen to those who do not believe. To be successful as an investor, you should consider some facts and then continue to invest your money wisely.

2. Prepare for volatility

Unlike ordinary currencies, cryptocurrency is not so stable. A few months ago, the value of one of the most popular cryptocurrencies called Bitcoin was around $ 40,000. But now it has dropped to $ 30,000. So, what you need to do is make your decision wisely. If you become greedy, you can suffer great losses.

Even if you ask professional crypto traders, they will say that even they do not master this art. So, you have to be careful when investing in cryptocurrencies because cryptocurrencies are quite unstable.

3. Consider other Altcoins

When it comes to cryptocurrency, you are not limited to bitcoin. So it is not a good idea to put all the eggs in one basket. In other words, you should invest your money in other types of cryptocurrencies.

So, what you need to do is do your homework and find out which ones work well. In other words, you should choose the top 5 cryptocurrencies and invest your money in them.

4. Learn more about hot and cold wallets

Although cryptocurrency is a digital currency, you can still store them online in your hot wallets. But if you are just starting out, you may want to give preference to offline wallets because they are quite useful and versatile.

On the other hand, it is true that cold wallets offer protection against hackers. So, if you want to diversify your assets, we suggest you get acquainted with both hot and cold wallets.

5. Be careful

Although cryptocurrencies have high security standards than conventional currencies, we suggest that you follow precautions. So, what you need to do is be careful when it comes to investing large amounts of money in a digital currency of this type.

You should learn about the different methods for handling your transactions and see how you can effectively manage your cryptocurrency responsibly.


In short, you may want to follow these 5 tips and tricks if you want to be successful as a cryptocurrency trader or investor.

Practical tips on how to trade cryptocurrencies

For some time now, I have been closely monitoring the performance of cryptocurrencies in order to gain a sense of where the market is going. The routine my primary school teacher taught me – where you wake up, pray, brush your teeth and have breakfast, moved a little on waking up, praying and then on the web (starting with coinmarketcap) just to find out what crypto assets are in red.

The start of 2018 was not nice for altcoins and related funds. Their performance was crippled by the frequent opinions of bankers that the crypto bubble would burst. Nonetheless, fiery followers of cryptocurrencies are still “guarded” and truth for the will, reaping the big ones.

Recently, Bitcoin returned to nearly $ 5,000; Bitcoin Cash came close to $ 500, while Ethereum found peace at $ 300. Almost every coin was hit, except for the newcomers who were still in the excitement phase. At the time of writing, Bitcoin is back on track and is selling for $ 8,900. Many other cryptocurrencies have doubled since the uptrend began, with a market capitalization of $ 400 billion compared to the recent $ 250 billion.

If you are slowly warming up to cryptocurrencies and want to become a successful trader, the tips below will help you.

Practical tips on how to trade cryptocurrencies

• Start modestly

You have already heard that cryptocurrency prices are skyrocketing. You’ve probably also received the news that this uptrend may not last long. Some proponents, mostly esteemed bankers and economists, usually call them plans to get rich quick without a solid foundation.

Such news can make you invest in a hurry and fail to apply moderation. A small analysis of market trends and currencies of valuable reasons to invest can guarantee you a good return. Whatever you do, do not invest all your hard earned money in this property.

• Understand how stock exchanges work

I recently saw a friend of mine post a Facebook post about one of his friends who continued to trade the stock market, and he had no idea how it worked. This is a dangerous move. Always review the page you intend to use before registering or at least before you start trading. If they give you a fake gaming bill, take this opportunity to learn what the dashboard looks like.

• Don’t insist on trading everything

There are over 1,400 cryptocurrencies to trade, but it is impossible to deal with all of them. Expanding your portfolio to more cryptocurrencies than you can effectively manage will minimize your profits. Just pick a few of them, read more about them and how to get their trading signals.

• Stay sober

Cryptocurrencies are unstable. This is their ruin and grace. As a trader, you need to understand that wild price fluctuations are inevitable. Uncertainty about when to make a move makes someone an inefficient trader. Use solid data and other research methods to be sure when to trade.

Successful traders belong to various online forums where cryptocurrencies are discussed in connection with market trends and signals. Of course, your knowledge may be enough, but you need to rely on other traders for more relevant data.

• Diversify meaningfully

Almost everyone will tell you to expand your portfolio, but no one will remind you to deal with currencies used in the real world. There are a few bad coins you can deal with for quick money, but the best cryptos you can deal with are the ones that solve existing problems. Coins used in the real world are usually less volatile.

Don’t diversify too soon or too late. And before you decide to buy any crypto asset, make sure you know its market capitalization, price changes and daily trading volumes. Maintaining a healthy portfolio is a way to get great benefits from this digital asset.