Tips for opening positions that new contract traders must read (I)
In the contract trading of the cryptocurrency circle, some tips for opening positions may give new traders some inspiration. First of all, the choice of opening time is quite critical. If you want to increase the success rate, it is wiser to open a position after a sharp drop or a sharp rise. The logic behind this is that there is often a trend of rebound after a sharp drop in prices, and the possibility of a callback increases after a sharp rise in prices. It is easy to get a lot of money by finding the right time in this market.
In addition, the choice of the duration of each contract should not be ignored. For those contracts with a short time span, the market may have passed before it came, or the original profit may be quickly withdrawn, so the opportunity is missed in vain. Therefore, for some new traders, it is better to try to play the long-term as much as possible.
In addition, the adequacy of funds is a factor that must be considered. In the field of cryptocurrency contract trading, which is full of variables, without sufficient financial support, it is very likely to be eliminated in the fluctuations. "If I didn't blow up the position, I would have made a lot of money" can be seen everywhere in the square
At the same time, learning to analyze the market is a crucial skill. The complexity and uncertainty of the market require traders to have this ability so that they can better grasp the trading opportunities. Finally, always keep in mind the existence of risks. In the currency circle, risks are everywhere, and one careless move may lead to a complete loss.
Of course, these techniques are just some experience. In actual operation, more factors need to be combined for comprehensive judgment. I hope that novices can take fewer detours on the road of contract trading.
