Effortless Cryptocurrency Trading Strategies

4- Margin Trading (day trading) is never recommended if you don't have good knowledge about crypto-currency trading

3- Listen to The Crypto-currency experts, but decide for yourself where you want to invest your funds.

2- Take Calculated Risks - Risk Management plays a BIG role when you are trading. Do not invest all your funds in just one coin. Distribute your funds over other good coins and If you have a sure call invest more in that particular one.

1- Never Sell any coin at a Loss. It will take time, but it will come back to the price you bought in some days so never sell it at a dip.
Patience is the key to Trading.

When I started getting the hang of cryptocurrency trading, I started doing researches before buying any coin to know if they have potential to increase or not and not waste my time waiting for it to rise.
I also research before I sell any altcoin I have in

Remember, the whole point of crypto-currency trading is; finding the best entry and exit points.

Another research tool I use is the Block Explorer of these coins. Some may have rich lists or largest wallet tabs. Keep tabs on movements within these addresses. Are the largest wallets getting larger over time or are they being depleted? I then screenshot the top 25 richest addresses, and a few days later I will screenshot the top 25 again. Compare the lists and determine if the coins are being accumulated?

THEN I WILL READ THROUGH the announcement itself to find out where the coin has come from and where it is heading —I focus on their roadmaps, Slack and telegram channels, active devs and their Twitter page. Now I will go over to their website and have a look at their explorers.

I usually end up removing the coins from the list of remaining ones that do not have at least a decent standard for all of the above

I usually ️head over to Bitcointalk, and read through the announcement threads of every single coin that I have left on my list.

I ALSO NOTE DOWN THEIR 24H VOLUME. Then I will cross out the coins that are lower than 2% market cap to volume ratio (e.g., If X has a market cap of $100k, it’s 24H volume should be $2000 or more).