#skills on how to trade crypto currency
To trade cryptocurrency on Binance, it is important to develop certain skills and knowledge. These include understanding market analysis, risk management, keeping up with news and updates, developing a trading strategy, practicing patience and discipline, and continuously learning. Market analysis involves analyzing market trends and charts to identify potential trading opportunities, while risk management involves setting stop-loss orders and determining risk tolerance. Keeping up with news and updates can give an edge in trading. Developing a trading strategy aligns with goals and risk tolerance, and practicing patience and discipline are also important.

Dear Users

The market may further dip.

Here are few techniques I like to apply

1. Just keep booking profit, if you have little money, by taking entry exit wisely.

2. Only trade with little money and try to first make it 10x - 100x by developing required skils.

3. Keep compounding your money like even if you have initially 1000 dollar and you daily just book 1 % profit subsequently on your resultant money then just in two years, you will have (1.01)^730 = 1427 * 1000 = 1427000 dollars.

4. Keep shorting also but with a small amount because fear has more magnitude then greed

5. Always invest in distributed manner like first 40 % and then if required 30 % like this, it will help you in optimizing your position.

I hope that above points wil help you to create a fortune.

Follow me for more insights

#BEARISH📉 #skills

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