1.A Beginner's Guide to Trading Crypto
DYOR - Do your own research. ...
Only invest what you can afford to lose. ...
Diversify your portfolio. ...
Understand the order book. ...
Undertake technical and fundamental analysis. ...
HODL through the dips. ...
Consider market cap, not just price. ...
Learn different trading strategies
2.Skills Required for Crypto Trading:
Analytical Skills: The ability to analyze market data and trends is crucial for making informed trading decisions.
Technical Skills: Understanding how to use trading platforms, set orders, and read charts is essential.
3.BEST TIME FOR TRADING 8am to (4pm Nigeria Time).
Cryptocurrencies are most commonly traded between 8am to 4pm in local time. While the crypto market is 24/7, your trades are more likely to be executed when there is the highest level of activity. Outside of these hours, when trading is lighter, it can be more difficult to open and close trades.
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