Cryptocurrency Trading Skills (Part 2)
4. In-depth Analysis of News
The currency market has a vast amount of information transmitted every day, making it very important to conduct in-depth analysis of this information. As a qualified investor, the most basic skill is to learn to discern the authenticity of information, especially since some half-true and half-false news can be very misleading. Sometimes, a piece of news can directly affect the directional judgment of the market.
5. Summarize Experience and Find a Method That Works for You
Watching fish at the edge of the pool is not as good as stepping back and weaving a net; if you don’t enter the tiger’s den, how can you catch the tiger cub? We always envy others for being able to invest and earn so much in the currency market. We always watch others operate enthusiastically, but we ourselves dare not enter the market, fearing that we will lose everything after entering. Here, the hidden dragon suggests that if you have sufficient knowledge and skills, when in life can one have such rare opportunities to fight?
The two major factors that dominate the market, technology and news, are topics of ongoing debate among investors. Whether technology or news leads the market is not the case; it is the human heart that dominates the market. Without profit-driven motives and without greed playing tricks, there would be no traps and struggles. To operate in the market, one must deeply understand the strategies of advancing and retreating, attacking and defending, to remain steady as a rock in the wind and to turn danger into safety when in a trap.
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