Here are ten tips for starting out in the world of altcoin trading. This is a rewrite from trading old blog I had a couple years back. It was actually written when I first started trading cryptocurrency. I changed around a altcoin of this, and updated it based on my experiences over the last couple years as an altcoin trader.
Altcoin Trading Terminology
Hope you find this post helpful. Welcome to the volatile world of cryptocurrency trading where markets often change altcoin mere moments. A stable market can be pumped or dumped trading one whale and markets rise and fall in minutes and some times even seconds. Small means different things to different people. If you do this and have a win some lose some attitude, you will almost always have a pleasant trading experience. Tip 2 One thing you can be certain of ,especially when you’re first starting out, is that mistakes will be made.
Some mistakes will be big, some small, and some extremely stupid. You will or should learn from every mistake you make. Get used to the interface and how you interact with your working environment. These are the type of mistakes that can and often will happen. So if mistakes are going to happen, make sure to learn from them.
You should learn from every mistake you make. If something goes wrong, analyze the situtation, figure out what went wrong and learn from the mistake. You can take notes, and keeping a log or journal is a really good idea, but at the very least make a mental note and try not to let it happen again. Mistakes are often the best learning tools. Some trades will work out smoothly and go better than you ever planned or dreamed of.