Do you follow some crypto trading rules? If you don’t have any, you should use these five golden rules for successful trading.
Crypto trading isn’t about getting lucky a few times. If you want to find success with trading cryptocurrencies, you must base your good results on fundamentals, good habits, and experience. Making money as a crypto trader requires some discipline, and that means following some trading rules.
1. Invest Only What You Can Afford to Lose
Like with any other type of investment, crypto trading is a risky business. And sometimes traders take a loss even if they did everything “right.”
Take the recent crash in January 2018, also known as the Bitcoin Crash and the Great Crypto Crash, for example. After an unprecedented boom in the precedent year, in 2018, the price of Bitcoin fell by nearly 65% in the first month of the year. The results? Broken monitors, smashed laptops, and the most massive monetary losses ever suffered by the traders on that market. So, markets like the crypto market are unpredictable sometimes. That’s why this is perhaps the most essential rule in crypto trading: don’t invest more than you afford to lose!
Whenever you are trading, there’s no 100% guarantee that you’ll get your money back. Loses don’t just come from other investors’ better strategies but can also be caused by extraordinary factors, such as hacks, bugs, or even government regulations.
So, before every investment you make, take a step back, and re-evaluate your current financial situation. If you can’t afford to invest at all, don’t take any desperate decision such as using a credit card, taking out a mortgage, or applying for loans. Simply wait for the moment when your financial situation allows you to invest.
2. Diversify Your Investments
One golden rule that all pro investors know is that you should never put all your eggs in one basket when it comes to investing.
Although you have a greater potential to get a more substantial amount of money when you invest in a single coin, the risk of losing more money is equally magnified, if not bigger. So, the smart thing to do to avoid losing a lot of money if a particular coin takes a hit is diversifying your investments and investing in different currencies.
Let us give you an example to help you understand the importance of diversifying your investments. Between January 2016 and January 2018, different coins enjoyed different levels of success. While Corgicoin has increased by 60,000 times, Verge currency increased by 13,000 times. However, Bitcoin only increased by 34 times. So, if you had invested in Bitcoin, this would have gotten you impressive gains, but investing in other coins too would have helped you gain potentially more significant amounts of money.
3. Choose a Reliable Broker
Choosing the best crypto trading Forex broker is a battle half won. Hundreds of online brokers offer crypto and Forex trading options. By no means, however, should you choose the first broker you find online.
The best broker is reliable and genuine. Keep in mind that your money will be at stake, so you’d want to know that you can trust your broker with them. Also, make sure that your broker is regulated. This is the best way to know that they are reliable and checked. Regulated brokers also offer the best digital security measures, best execution prices, and excellent customer support if or when you need it. Another crucial thing you should look for in a broker, mainly if you are a beginner, are demo accounts and learning resources on how to trade cryptocurrency.
So how do you choose the best crypto broker from such a large pool of online brokers? The best way to find a reliable broker is to do your research. Look online and find everything you can about that broker, including reviews and recommendations from other more experienced traders. If you find anything that seems sketchy, don’t choose that broker because you might sign yourself up for a bad trading experience that will make you lose a lot of money.
4. Avoid FOMO At All Costs
FOMO is the weak spot in investing that makes investors lose money most frequently. It only takes a bit of media hype, a few opinions from investment “experts,” and a little bit of insecurity from your part to make you make a wrong decision. In fact, the same recipe is what made Bitcoin prices rise from $10,000 to $20,000 in December 2018. Now, investors may look back and think that if they had waited one more month, they could have bought the cryptocurrency at $9,000 instead of waiting until the coin hit $20,000 again.
This is often a mix of greediness, investing blindly, and FOMO.
Never heard of FOMO before? You should get familiar with the term because, as an investor, you’ll have to fight it off all the time. FOMO stands for Fear of Missing Out. So, as an investor, you may fear that if you don’t buy now, the coin will hit an all-time high, which may sometimes not happen, and the market may actually move completely different, bringing results that you weren’t prepared for.
Now, here’s the deal: even in the most fast-changing market, like the cryptocurrency world is, if a coin’s price hits an all-time-high that quickly, it is only a matter of time until it will correct. So, don’t let FOMO take control of your investment decisions.
5. Don’t Invest Blindly
We’ve already mentioned investing blindly before, but let’s make sure you understand what it means and how to avoid it.
Investing blindly means going with the trends or listening to other people from the cryptocurrency world when it comes to your investments. Now, don’t get us wrong, some traders may genuinely want to help and give you a pro tip that actually works. But most of them often share their “opinions” to exploit less-informed investors. They might tell you to buy a particular coin only so that they can exit safely. So, only use your knowledge and experience when you make your investment decisions.
Statements & Policies
Summary of Disclosures
By accessing CryptoCurrencyNews.com (hereinafter referred to as “this website”) you hereby affirmatively represent to Market Jar Media Inc. (“Market Jar”) that you have read and understood the entirety of the following statements and policies
If you do not agree to these Statements & Policies, you may not use the CryptoCurrencyNews.com website and affirmatively acknowledge that you have not used or viewed content on the CryptoCurrencyNews.com website
Market Jar is neither an investment advisor nor broker-dealer. The information presented on the CryptoCurrencyNews.com website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on CryptoCurrencyNews.com constitutes advice easeor a recommendation.
The opinions and analyses included in this website are based on factual information obtained from public filings and other sources deemed to be reliable and are provided “as is” in good faith. Market Jar makes no representation or warranty, expressed, implied or statutory, as to the accuracy or completeness of such information, which may be subject to change without notice.
Safe Harbor Statement
This website contains forward-looking statements applicable to future anticipated performance, growth, and plans of the companies on whose behalf we disseminate information. As such, any specific statement on this website that are not statements of factual history should be viewed as forward-looking statements. These forward-looking statements can be generally identified through phrases such as “possibly”, “anticipates”, “estimates”, “potentially”, “intends”, and other words of similar connotation. Statements in this website that speak to a company’s business intentions, objectives, strategies, and or intentions should also be viewed as forward-looking statements. All forward-looking statements are subject to uncertainties that could result in different outcomes than those described in forward-looking statements.
By accessing this website, you indicate your agreement to these Statements & Policies. You affirmatively represent that you have read and understood the entirety of the following Statements & Policies. We reserve the right, at our discretion, to change, modify, and add or delete portions of such Statements & Policies at any time.
The entire contents of this site are protected by worldwide copyright laws and treaty provisions. The contents of this website are for non-commercial individual reference only and may not be used for other purposes or otherwise copied, displayed, downloaded, distributed, modified, reproduced, republished or retransmitted without the express written consent of Market Jar.
Information subject to change
Information on this website is updated regularly by Market Jar without notice. However, the information is not intended to be complete and cover all matters and developments concerning the company and its activities and the company cannot guarantee either the currency or completeness of the information at all times and assumes no responsibility in this regard.
All stock quotes are delayed at least 15 minutes unless otherwise noted. All stock quotes or cryptocurrency price quotes (collectively “Quotes”) and historical price data are provided by a third party service provider and are provided for information purposes only and not for trading purposes. Market Jar makes no representation or warranty regarding the accuracy or completeness of any Quotes or historical price data and has not verified the adequacy, accuracy or completeness of the information provided on this website. We strongly recommend that you seek independent professional advice before investing in any companies, stock or cryptocurrency mentioned in the articles on the website.
Notice to investors
The information on this website is not intended as a solicitation for funds or an offering of securities and should not be construed or interpreted as such. The information on this website is not intended to modify, qualify, supplement or amend information disclosed under applicable securities legislation of the U.S. or Canada. No securities commission or other regulatory authority in either the U.S. or Canada has in any way passed upon the information on this website and Market Jar makes no representation or warranty to that effect.
Market Jar supports the use of social media, however any third party content posted through social media channels maintained by us should not be taken as an endorsement of such information. Links to websites and other resources operated by third parties (“Third Party Information”) other than Market Jar are provided solely as a convenience to the user. We do not control such Third Party Information and are not responsible and disclaim any liability for the content, products, services or information offered by any third parties. The inclusion of links to such Third Party Information on the page does not imply endorsement of any content, products or services offered, advertised, endorsed or promoted by any third party, or of any company or person. If you decide to access any Third Party Information or acquire any third party products or services, you do so entirely at your own risk, and you may be subject to the terms and conditions and the privacy policies imposed by such third parties. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of included information. Although believed to be reliable, management of Market Jar has not independently verified any of the data from third party sources.
Ownership and Interests
Cryptocurrencynews.com is owned by Market Jar. Market Jar, and its directors and officers do not own any of the cryptocurrencies or tokens mentioned in this article.
Amounts Paid To Market Jar Media Inc.
Market Jar Media Inc. has or expects to receive the following amounts indirectly from the issuer’s set forth below.
Sponsored Posts = $197 USD
Press Release = $197 USD
Amounts noted above were received or expected to be received directly from Market Jar Media Inc., which was directly engaged by the issuers set forth above.
Neither Market Jar nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment advisor or broker-dealer or associated person with a registered investment advisor or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company or any cryptocurrency on the CryptoCurrencyNews.com website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. Therefore, information on this website is not intended to be, and shall not substitute, an offer to sell nor the solicitation of any offer to buy any security.
The opinions and analysis included in this website related to the profiled companies represent the personal and subjective views of the author of the articles, and are subject to change at any time without notice. The information provided in the articles on the website and the content has been obtained from sources which the authors believe to be reliable. However, the authors have not independently verified or otherwise investigated all such information. None of the authors, Market Jar, Market Jar Media Inc., or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The opinion, analysis, articles and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission, the Canadian security regulatory authorities, or any other regulatory authority before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.
Information obtained from public filings and other sources are deemed reliable; however, Market Jar take no responsibility for verifying the accuracy of such information and makes no representation that such information is complete and correct. Market Jar makes no representation or guarantee that any forward-looking statements will prove to be accurate. Persons using the CryptoCurrencyNews.com website are encouraged to consult with independent financial advisors with respect to an investment in any company profiled in the website. Investors should therefore verify independently information provided in the CryptoCurrencyNews.com website by completing their due diligence on any company in which their clients are contemplating an investment. Such information to be reviewed could include the company’s annual reports, regulatory filings, and press releases on the sec.gov or www.sedar.com website or directly from the issuer.
The content published on this website is intended for and only to be used for reference purposes and is neither an offer nor a solicitation to purchase or sell any security or instrument or to participate in any particular trading strategy. No such information provided through the CryptoCurrencyNews.com website constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific person. Users of this website agree that they are not using any content of this website in connection with an investment decision.
THERE CAN BE NO ASSURANCE THAT CONTENTS PUBLISHED ON CRYPTOCURRENCYNEWS.COM IS ACCURATE OR WITHOUT ERROR. ANY PERSON WHO MAKES USE OF SUCH CONTENT AFFIRMATIVELY ASSUMES ALL RISKS FROM USING THE CONTENT. CryptoCurrencyNews.com does not guarantee it reviews, and is not responsible for confirming the accuracy of information submitted for inclusion on this site. INVESTORS ARE STRONGLY ADVISED TO CONFIRM THE ACCURACY OF ANY INFORMATION OBTAINED FROM THIS SITE PRIOR TO MAKING ANY INVESTMENT DECISION.
OTC Risk Warnings
Because many securities traded Over-The-Counter (OTC) are relatively illiquid, or “thinly traded,” which tends to increase volatility in market prices, an investment in an OTC security involves a high degree of risk. These speculative and illiquid securities are often difficult for investors to buy or sell without significantly affecting the quoted price. It should be noted that the liquidation of a position in an OTC security may not even be possible within a reasonable period of time.
Dependable information regarding issuers of OTC securities, their prospects, or the risks associated with the business of any particular issuer or an investment in the issuer’s securities may not be available. For this reason, it may be difficult to properly value an investment in an OTC security or accurately determine the risks involved with investing in such a security. For more information about investing in microcap securities, please read the content on the SEC’s website, including the SEC’s investor publication titled “Microcap Stock: A Guide for Investors” available at https://www.sec.gov/investor/pubs/microcapstock.htm.
Issuers of OTC securities quoted on the OTC Link system are not required to provide any kind of information to investors. While many issuers register OTC securities with the Securities and Exchange Commission (SEC) and regularly provide reports to investors in connection with such registration, they are not required to continue such registration or regularly provide such reports because their securities are quoted on OTC Link. Securities may continue to be quoted on the OTC Link system if issuers are delinquent in their reporting obligation to the SEC or other federal or state regulatory agencies. Quotation of a security on the OTC Link system does not in itself create any ongoing filing or reporting obligations with the SEC for any issuer. In fact, issuers may not even be aware that their securities are quoted on the OTC Link system.
The information on this website has been prepared for information purposes only and does not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, ICO or related product, nor does it constitute an offer to provide investment advice or other related services by Market Jar Media Inc., or any of its principals, agents, owners, members or anyone else affiliated with the company, either expressly or indirectly. In preparing the information contained on this website, no individual financial or investment needs of the recipient have been taken into account nor is any financial or investment advice being offered. Any views expressed in on this website were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change and Market Jar is under no obligation to provide notice of such information or update such views.