A Must-Read Article for Cryptocurrency Newbies
Here are the 5 basic skills needed to make money in the cryptocurrency market through professional trading:
1. Choose the trend, 2. Choose the coin, 3. Timing, 4. Take profit, 5. Position management
Choosing the trend: The importance of trends is self-evident. Finding the right trend and following the big direction is crucial; as the saying goes, even pigs can fly on a windfall. The trend of cryptocurrencies is relatively clear, with halving occurring every four years, creating a cyclical trend, compounded by the factors of the Federal Reserve's monetary policy. Understand these two aspects and choose trends that benefit your trading, grasping the big direction is not a problem.
Choosing a coin: After choosing the right direction, you need to choose which coin to buy. Most coins accumulated at the bottom of a bear market will perform well in a bull market, but there are also projects like EOS that are notoriously poor performers. So, choosing the right coin is crucial.