Tag Archives: Trading

The huge advantage of trading cryptocurrency vs stocks.

Imagine the stock market not offering pre-market and post-market trading, but open 24/7 and 365 days per week. Everybody was treated equal. Unfortunately brokers have an unfair advantage over the regular trader in the stock market.

Not so in the cryptocurrency market. There is one market worldwide that never closes. Log into your crypto brokerage account at any hour and you will see the real time prices of cryptocurrency. Anywhere in the world.

Make a crypto trade and have second thoughts about it? Well no problem worrying about when the market is closing or opening. Just adjust your trade when you want at any time of the day or night.

The cryptocurrency market never closes!

That’s the advantage in the cryptocurrency market.

Why you will probably lose money trading cryptocurrency

1 Lack of discipline to properly do the research on the past prices of cryptocurrency.

2 Possibly you get into a rush and buy high, then panic and sell low.

3 Failure to fully learn how to place orders on exchanges.

4 Going all in and not having a cash cushion to “buy the dip.” Thus paying to much and missing an opportunity to dollar cost average.

5 Sending your cryptocurrency to a wrong address.

6 Failure to learn how to read charts.

7 Getting greedy and not taking a profit or loss.

8 Not following your gut instinct.

9 Trading with money you can’t afford to lose.

If you really want to make money trading cryptocurrency, then you will need to use all the tools at your disposal. Start slow and work your way up to bigger trades. Maybe you decide your not into day trading and just want to hold for the long term.

Above all, have Fun!