Continuously Losing in the Crypto Market? These are the Difference Between You and Professional Traders

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PR Manager

Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.

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May 4, 2022


With the “big diving” of the stock market and unidirectional of spot trading, more and more people choose to embrace the futures transactions. Because the futures market allows traders to go long and short, traders have more freedom in the market and the possibility of doubling their wealth. At the same time, Bitcoin (BTC), the risk aversion currency, is also favored by more and more people in the turbulence of the stock market.

However, admission is easy. It’s not easy to really make money in the cryptocurrency market. Too many traders entered the market with their ambitions, and were finally liquidated. To really get a share in the market, it is essential to pay for a certain time and energy to learn. 

Today, we interviewed a senior crypto trader who has been engaged for more than 20 years in the cryptocurrency industry. He is going to give you some useful guidelines in this article which will be of great help to your trading.

Can I Consider Myself as A Trader after Several Successful Trades?

The well-known rule of the “beginner’s luck” applies here as well. You can profit once or even several times from opening trading positions at random, but, unfortunately, it works differently. For successful and effective cryptocurrency trading, you need to understand several aspects:

1)Current market situation. (Analyze the meaning behind the Candlestick.) Keep track of news, events and community discussion. This information may impact the market trend.

2)How trading instruments work (what types of orders are available, etc.). Understand the basic technical analysis, how to read charts. Analyze trading patterns and movements on the chart to build the right trading strategy.

What Do I Need to Avoid During Trading?

1)Emotional trading. Trading with discipline. Successful traders learn how to control their emotions and stick to their trading strategy. 

2)Forget to set take-profit and stop-loss. Trading without a stop-loss or take-profit is like driving a car without breaks.

3)Trading with too large positions. Make sure to keep a clear goal and define your risks in trading.

How to Choose A Platform for Crypto Trading as A Beginner?

There are as many exchanges as cryptocurrencies, and a good deal of them are scam or shited ones. A bad exchange will charge unreasonable fees without any notice. Some exchanges, even famous ones like Binance, are believed to manipulate the market or pull the plug deliberately. Also, some exchanges’ trading engines and rules are just so difficult, it takes traders much time to just learn to use them.

In fact, if you want to be familiar with the cryptocurrency market and trading rules as soon as possible, an exchange with a demo account may be a good help. With a demo account, you can practice trading strategies, familiar with the trading rules, learn to control your emotions and analyze the markets. Successful traders are those who learn to analyze the market, keep themselves abreast of market news, and keep trying out different strategies.

Is There An Easy-win Trading Method to Make Money on Cryptocurrencies?

Slight a tricky question because the answer is both “yes” and “no” at the same time.

The fact is that the cryptocurrency market is very volatile, therefore, it literally always provides an opportunity to make money for those who follow the market “at the current moment of time” and know how to use trading tools correctly. In fact, there are some platforms on the market that provide copy trading strategies, which may help you. Bexplus is a professional cryptocurrency trading platform that provides high leverage and copy trading.

Its unique copy trading gives every investor who has just entered the market the opportunity to become a veteran. It allows you to copy investment orders from experienced people, as well as to customize the proportion of your order copy, set take-profit and stop-loss, or terminate the copied order at any time. For veterans, you can also get some benefits from your followers. 

Know More about Bexplus

Accredited by U.S. FinCEN MSB (Money Services Business) , Bexplus is a reputable crypto futures trading platform. It offers 100x leverage futures trading on a variety of trading pairs such as BTC, ETH, ADA, DOGE, XRP.  Meanwhile, It doesn’t need KYC  and is popular among 1 million people worldwide. It is also known for the following features.

No matter if you are a novice or veteran, Bexplus is very friendly to both , and you are sure to enjoy investing in cryptocurrencies at Bexplus. Click Here to register and get your 100% bonus!

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PR Manager

Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.

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