To the extent that cryptocurrency market it thrives, more and more people join it, and there are different voices about investing in cryptocurrencies. Credible, a pseudonymous analyst, tells his 319,500 Twitter followers that Bitcoin is about to rise above $130,000, while Kevin Zhou, chief operating officer of Galois Capital, stressed that people should be sane. It is natural for different people to have different opinions. Here are some tips on how to invest in cryptocurrencies from a trader with 20 years of trading experience.
Enter the real field and learn in the candlelight
The only way to learn to trade is to get in touch with reality. You cannot learn to trade cryptocurrencies by reading articles without doing anything else. So the first step is to open an account on the crypto exchange and carefully see how everything works there. To open an account on a cryptocurrency exchange, as a beginner, you can start with bexplus: an easy to use exchange. Bexplus is a leading crypto derivatives trading platform offering 100x leverage futures trading on a variety of trading pairs: BTC, ETH, ADA, DOGE, XRP, etc. The interface of the platform is simple and convenient so that you can accurately follow the trend of Japanese candlestick charts.
Choose a platform to fully simulate and experience
Entering a trade without knowing the rules can cost you a lot of money. It is necessary to spend a few moments to understand the rules of trading. The demo account Bexplus’ unique 10 reloadable Bitcoin allows beginners to practice their investment portfolios, learn to analyze the market and use the set of tools with the demo account. Everything can be achieved on the demo account. You can master the rules of the crypto market faster on the demo account. From the crypto novice to the veteran, the demo account can give you a hand.
Keep an eye on the market as well as other great traders
You have purchased the cryptocurrency of your choice and now you are ready to take advantage of it. Now you just need to keep an eye on price movements so that you can take advantage of it in time. Subscribe to trusted news sources like cryptonoticias.com to stay up-to-date with the latest news from the ecosystem. At the same time, if for every new trader entering the market, there is a well-functioning and profitable “guide” to guide you along the way, it will be very easy to make money.
The “copy trading» provided by Bexplus will surely be a good help. In Copy Trading, the system can help you automatically copy the trades of other great traders. You can also customize the size of the copy order, set the take profit and stop loss range, and cancel the copy order at any time based on your own situation. The platform has a strict selection mechanism for excellent traders. You can choose the traders you want to follow based on the number of followers and their profitability. The platform ensures that you get the most out of your earnings.
Earn passive income in highly volatile markets
Passive income is especially important in highly volatile markets. Keeping your funds in a safe place will allow you to overcome volatility and earn returns. Bexplus BTC Wallet provides a safe haven to store your bitcoin. In addition, the 21% annual interest rate offered by the wallet is also attractive. And the wallet using multi-signature access helps ensure your assets are safe. No KYC, which also gives traders maximum privacy.
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Never invest more than you can lose
Remember to invest a small amount of capital, set your take profit and stop loss prices, and control your risk. It’s important to determine your risk tolerance and invest only the money you can afford to lose. For small amount investors, you can also choose a tool to maximize your profits: futures trading with 100x leverage.
Leverage is the amount by which you can multiply your position during trading. Bexplus 100x leverage allows you to open a position of $100 with $1 and trade with that $100. Assuming we use 1 BTC to open a long contract when Bitcoin is trading at $40,000. A day later the price of Bitcoin increased to $42,000. The profit will be ($42,000 – $40,000)*100 BTC/$42,000*100% ≈ 4.76 BTC, which makes the ROI 476%.
Meanwhile, with the Bexplus 100% deposit bonus, the initial investment of the traders would be doubled (1BTC=2BTC), as well as the profits. Take the example above, the profit will be doubled to 4.76 BTC*2 = 9.52 BTC, with a ROI of 952%.
bexplus it is designed to be a customer-centric platform. All traders, no matter whether they are newbies or veterans, can enjoy their time and earn their profits. ¡CLICK HERE to register now, make profits with the best traders and enjoy a 100% bonus!
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