Lens1000
VIP Contributor
Traders who are unsuccessful usually enter a trade without any crypto trading strategies, nor the idea of knowing when to sell for a profit, and how much loss they are willing to risk
Unsuccessful trader trade on crypto market on instinct.
You should calculate the expected returns as it will allow you to think through the crypto trade. Setting STOP-LOSS and TAKE -PROFIT exit orders. Traders would usually calculate the probability of a gain or loss by using historical data of the cryptocurrency and breakdown from more experienced traders
Most cryptocurrency exchanges will allow you to be able to set a stop-loss, but at the same time, you will not be able to set a take-profit order , which is a big issue
Most exchanges lacks sufficient tools that should be used to manage your trade. Using an automated cryptocurrency trading platform is also necessary to calculate your expected returns
There are all-in no-one crypto trading automation platforms that allows you to set your preferred entry and exit orders.
What's your own take on the subject?
Unsuccessful trader trade on crypto market on instinct.
You should calculate the expected returns as it will allow you to think through the crypto trade. Setting STOP-LOSS and TAKE -PROFIT exit orders. Traders would usually calculate the probability of a gain or loss by using historical data of the cryptocurrency and breakdown from more experienced traders
Most cryptocurrency exchanges will allow you to be able to set a stop-loss, but at the same time, you will not be able to set a take-profit order , which is a big issue
Most exchanges lacks sufficient tools that should be used to manage your trade. Using an automated cryptocurrency trading platform is also necessary to calculate your expected returns
There are all-in no-one crypto trading automation platforms that allows you to set your preferred entry and exit orders.
What's your own take on the subject?