Bitcoin: 2 trading tips for BEGGINERS!Bitcoin has been in a $30,000 to $67,000 global consolidation for more than a YEAR. You can see on the chart that Bitcoin was down -31%, -36%, -58%, -25%, -52%, -19%. If you use a leverage larger than x2, you could be liquidated multiple times!
Do you want to increase your deposit? Use risk and money management! These are simple rules that help to calculate the risk of your position and the amount of money to buy CRYPTO.
For example, Bitcoin price is $40k and you see a sqeeze under the trend line. Knowing that 60% (6/10) of the time such trend lines break UP, you can divide your capital into 10 parts and buy Bitcoin for 20% of your money with a target of +25% to $50k. That way, the chance of losing your money is minimal (-1-2%) and the profit will be +5% to capital. If you have $10,000, you will earn +$500 per trade. Not bad, don't you think?
In addition, you can also use the short positions, it means to earn on the falls. To do this you:
1. have to understand the basics of trading
2. need to have a desire to study and earnr
This is a short and basic description of risk and money management principles. Trading is easy, but knowing the basics is essential.
If you still have questions how to use the RISK and MONEY management to increase your profitability - write in the comments or to the DM .
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. Always make your analysis before a trade.
