Shaf
Verified member
One of the ways to make money with cryptocurrency is by trading it actively. Some people choose to use other methods such as investing in ICO's and IDO's, being hodlers who buy low and sell high, going for airdrops or working on the development teams of different projects, arbitrage and many more.
To trade crypto, you need to start with a good knowledge of how to read the charts and make a good analysis for whichever pair you are using. You should also understand how things like risk management, portfolio allocation work so you don't lose all your capital at once. You should also decide what type of trader you want to be, either a scalper who trades short time frames, a swing trader or a holder.
You can also trade futures, but it's very important that you have a proper understanding of how trading on spot works before trying this so you don't get liquidated.
It also helps to follow the news and upcoming events both in cryptocurrency and other related markets as sometimes, it can help you avoid losses by staying out of a trade or changing your bias.
To trade crypto, you need to start with a good knowledge of how to read the charts and make a good analysis for whichever pair you are using. You should also understand how things like risk management, portfolio allocation work so you don't lose all your capital at once. You should also decide what type of trader you want to be, either a scalper who trades short time frames, a swing trader or a holder.
You can also trade futures, but it's very important that you have a proper understanding of how trading on spot works before trying this so you don't get liquidated.
It also helps to follow the news and upcoming events both in cryptocurrency and other related markets as sometimes, it can help you avoid losses by staying out of a trade or changing your bias.
