The operation experience summarized by the experts of currency speculation! Please save it!
1. Choose the currency. When choosing the currency, the experts of short-term currency speculation generally follow the following principles:
1. Choose popular currencies: popular currencies usually have higher volatility and larger trading volume, and are easier to achieve short-term profits.
2. Choose potential currencies: potential currencies usually have better development prospects and broader application scenarios, and the short-term increase may be greater.
3. Avoid junk currencies: junk currencies usually have no actual value and application scenarios, and are likely to plummet or return to zero, which is extremely risky.
2. Formulate an investment plan. When formulating an investment plan, the experts of short-term currency speculation generally follow the following principles:
1. Determine the investment goal: such as a short-term profit of 20% or 30%, or long-term holding of a certain currency, etc.
2. Determine the investment amount: According to the investment goal and risk tolerance, reasonably determine the investment amount, and do not blindly follow the trend or be greedy.
3. Determine the timing of buying and selling: Through technical analysis and market research, choose the best timing of buying and selling to obtain greater returns.
3. Conduct technical analysis Short-term cryptocurrency experts usually use technical analysis to predict market trends, mainly analyzing the following aspects:
1) K-line chart: By observing the K-line chart, you can understand the trend and trend of market prices, so as to choose the best time to buy and sell.
2) Moving average system: By observing the moving average system, you can understand the support and resistance levels of the market, so as to choose the best time to buy and sell.
3) Trading volume: By observing the trading volume, you can understand the market's popularity and capital flow, so as to choose the best time to buy and sell.
4. Control risks Short-term cryptocurrency experts pay great attention to risk control and generally follow the following principles:
1. Strict stop loss: Once the market price falls to the preset stop loss level, it will immediately stop loss and leave the market to avoid further loss.
2. Reasonable diversification of investment: Diversifying funds into multiple currencies can reduce the risk of a single currency and increase overall returns.
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