Spend your time studying cryptocurrencies, blockchain technology and financial markets, so you can understand what you are investing in your resources. Learning is a continuous process, as digital currency markets are constantly evolving and influenced by many factors, such as technological developments, hard forks and new regulations. Crypto Daily guides you in these matters.
A trading plan is a strategic trading management project. Your plan must include risk appetite, the goals you want to achieve, risk management rules and more. Obviously, it must include the markets you choose to operate on, such as bitcoins , ether, litecoin and ripple .
For those who start, we recommend starting with a demo account to learn the basics of trading. You can use the demo account to test your trading plan in depth and improve it if necessary, before moving on to a real account. From Crypto Daily you will get all the supports and suggestions regarding all these.
Be cautious when operating on cryptocurrency markets, placing market orders that are in line with your trading plan. This will help you to avoid the pitfalls caused by the emotional factors that could influence your decisions both when trying obsessively to recover your losses, and when you feel too safe after having closed a trading operation in profit.