How to trade cryptocurrencies without losses?
First, let's discuss this, is it really possible to trade cryptocurrencies without losses at all? Although this may seem like an illusion or an "introduction to selling something" to a beginner, it is a reality and I am striving for it in my copy trading account as I have not closed a single deal at a loss so far, thank God.
Second, you need to be a programmer or "hire a programmer"! In fact, you cannot enter a field without having certain tools. A doctor has a scalpel, a carpenter has a hammer, and a trader must have at least one bot that gives him signals to enter and exit currencies. If you are not a programmer, try to hire a programmer on any of the freelancing platforms (such as Upwork), but first you need to form an idea that can be put into automated logic for the bot. Try to study the charts on different frames, try to deduce an idea for trading. For example, do you want to buy the lows? Or the highs? Or do you just want to buy the tails of the liquidation candles? The cost of the bot usually ranges from $500 to $1,500. Here I have a great idea for you, which is to have several friends share the cost and all get the bot together, so each person pays a small amount and gets the bot and they win together.
Thirdly, you do not need to trade futures at all! Although futures make you think that you are making profits, you will not be able to withdraw your profits at all, why? Because you earn based on loans. Therefore, the profit is limited and the chances of losing are endless. The best is to trade spot. You can earn 10% in a single trade by trading spot, and if you can maintain this rate for only 6 months, you will achieve 10X and if you continue for a year, you will achieve 100X, is that not good?!
Fourthly, do not buy any currency outside Binance. For 7 whole years, this platform has been the most liquid, the most reliable, and the most secure. So, there is no need to buy any currency outside the platform unless you want to lose your money.
Fifth, follow me for more tips!