Most people who just get into the cryptocurrency world start with the secondary market.
The two major ways of playing in the secondary market must be deeply understood: spot and contract
Note: The contract only opens big cakes or concubines
If it is a small amount, or an amount that would not matter to you if you lost it, such as 10,000 yuan, it would be about 1500 U in U.
It is recommended to take out 100U of it and put it into the contract account, and then open a position with only 10% each time, with a leverage of 50-100 times, position by position.
If you don't know anything about trading, you can use this 100U based on your feeling. Whether you make a profit or a loss depends on your luck. This 100U is just to let you feel how worthless money is.
After losing this 100U, you need to start learning technical analysis
You can use any kind of technical analysis, or any kind of indicator, or even naked candlesticks. While learning, observe the success rate of the techniques you learn on the historical candlestick chart of the target you are trading.
When you feel that you have a better understanding of K-line and indicators, you can transfer to 100U to guide your trading based on your learning results.
At this point, you still have some gains and some losses. In most cases, you may not be able to strictly follow the content you have learned. In any case, you will soon lose all your 100U.
Next, you need to start learning trading psychology
You need to improve your execution based on trading psychology, and even judge market sentiment through indicators and technology.
If you have enough learning ability and strong execution ability, you can now strictly implement the technical analysis methods you have learned
Then transfer 100U, your chances of winning are greatly increased, but after a period of time, you still lose all the 100U
Next, you should learn some math
The biggest difference between trading and gambling is that the winning rate and profit-loss ratio can be changed through subjective initiative.
Learning technology, psychological analysis, and improving execution can increase your winning rate, but the profit-loss ratio is the secret to making big money with contracts.
For example, the lowest price of the hourly line in 3 days is 1300. The price has retreated to this point many times and then rebounded. So you seize the opportunity and reduce your position at the price of 1302, and stop loss at 1295. The highest price of the historical rebound is 1389. If the market goes in the right direction, it can even break through the pressure level and rush to 1400+. At this time, your potential profit and loss ratio has exceeded 1:10, which is definitely a risk worth taking.
The premise of grasping the profit and loss ratio is to strictly implement the stop loss strategy.
Contract is the best tester of human nature and endurance
Spot, what spot can you buy if you have too little money? If you throw 10,000 in, even if a bull market comes and it multiplies 10 times, you can only get 7 times, how much money is that? It is not worth your effort at all. If time is limited, you can just buy a big cake or a concubine near the bottom of the bear market.
However, how many players in the cryptocurrency circle are here just to make a little money?
If you don't know how to screen strong coins, then I suggest you follow me. Whether it is spot or contract, a little shot may be your limit. The opportunity is short, so you must seize it! Success does not depend on luck, choice is greater than effort, and the circle determines destiny. In the currency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. If you follow me, you are already halfway to success in the currency circle! đ BYLK688
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