Recently, affected by international events, the “crash of the stock market” is often discussed in major stock exchanges. A bubble may also be hiding behind the boom. The gloom of the stock market has prompted many investors to throw themselves into the arms of the safe currency, Bitcoin. However, many entrepreneurs enter with enthusiasm and leave with regret. Do you really understand the cryptocurrency market? Now let’s look at a 20-year-old entrepreneur who shares his methods to make money.
1. Be thoroughly familiar with the market and the environment
We always listen to expert advice, or enter the market when sometimes we only half understand the various terms of the crypto market. Of course, the result is not satisfactory. In fact, whatever your activity sector is, if you decide to enter this field, you should systematically acquire the basic knowledge of this field. In the cryptocurrency market, the same applies to this law. Besides, the crypto market is not isolated from the global environment. In fact, only a complete understanding of the market and international changes can inform you when to enter the market and when to close your position.
2. Avoid emotional trading
Beginners tend to invest in positions that exceed their own limits in the hope of making excessive profits, and when the market fluctuates, they exit immediately. Emotional trading is very common and if you ignore your own case and go blind, you will lose your money.
3. Fix Stop-Loss and Take-Profit
In a volatile market, every winning trader wants to make as much profit as possible, while losers want to recoup their profits. For all traders, implementing Take-Profit and Stop-Loss can maximize their profits. As long as the position is there, it is always easy to open the next order.
4. Choose a trader that fits your trading strategy
Many people enter the market after knowing the basic terms and they go long or short as they wish. In the end, they don’t get the expected results. Now, for this type of beginner, the copy trading offered by some cryptocurrency platforms in the market is, in my opinion, a great help. Copy trading, as its name suggests, consists of following the orders of “veteran” traders. Bexplus is a professional cryptocurrency trading platform that offers high leverage and trading replication.
The unique order copying system gives any new market investor the chance to become a veteran. It allows you to copy investment orders from experienced people, as well as adjust the proportion of your order copy, set break-even and loss limits, or close the copied order at any time. . For veterans, you can also get some benefits from your followers.
5. Choose a platform to simulate and experiment with
Bexplus has set up a demo account with 10 BTC to help investors better understand the laws of market fluctuations. You can determine the profit and loss of the account, set the investment ratio, familiarize yourself with leverage trading, learn the laws of the market as quickly as possible, and check your way to make money.
Learn more about Bexplus
Bexplus, a renowned cryptocurrency futures trading platform accredited by FinCEN MSB (Money Services Business) US, offers 100x leveraged futures trading on various trading pairs such as BTC, ETH, ADA, DOGE, XRP. Moreover, with Bexplus, there is no need to do a KYC. The exchange has less than a million people worldwide.
It is also popular for the following features.
100x leverage: The fastest way to increase your income
The 100x leverage offered by Bexplus allows you to open 100 positions with a margin of 1 and sell the market with 100 positions. In short, with the 100x leverage effect offered by Bexplus, your profit will be 100 times greater than the profit brought by the initial investment.
Suppose we use 1 BTC to open a long contract when Bitcoin trades at $40,000. A day later, the price of bitcoin rose to $45,000. The profit will be ($45,000 – $40,000) * 100 BTC / $45,000 *100% ≈ 11 BTC, which gives a return on investment of 1100%.
100% deposit bonus: top up 1 BTC=2 BTC in your account
In addition to 100x leverage, Bexplus’ 100% deposit bonus campaign also helps low stake investors to earn high profits immediately. If you top up 1 BTC, you will have 2 BTC in your account and you can sell 2 BTC to get bigger profit. Although the bonus cannot be withdrawn, the profits made from it can be withdrawn. You can get up to 10 BTC bonus.
A BTC wallet: Up to 21% annual interest
If you are hesitating between going long and missing out on a fast moving market, Bexplus offers a safe way to make money – a portfolio that offers 21% annual interest. (Near the highest interest rate in the industry).
A mobile application: Google Play and Apple Store
Connecting Bexplus to the phone is easy, the application is available for Android and IOS devices. For now, just search for Bexplus on Google or App Store, then you can use Bexplus and make transactions on your phone right away.
It doesn’t matter if you are new or a veteran, Bexplus is very welcoming to everyone, and you will love to invest in cryptocurrencies with Bexplus. Click here to register and get your 100% bonus!
Warning: This article is promotional content and does not constitute investment advice. Do your own research and only invest money you can afford to lose.