Similar to traditional currencies like the US dollar, British pound or Japanese yen, they can be used to buy goods and services. However, unlike other forms of legal tender, they exist only digitally and are not issued or controlled by governments or central banks. Buying cryptocurrency solely because of social media discussions is a mistake. Such actions are due to FOMO (Fear of missing out) — fear of lost opportunity or lost opportunity syndrome. Our […]

Taking losses is an inevitable part of trading, so make sure they are well calculated and accounted for as part of your trading plan. However, always manage your risk appropriately, especially when trading leverage. Liquidation can happen extremely quickly when these setups don’t play out. Placing a stop loss for a fade trade is difficult, as there is no clear position like a range high or a key support level. Start comparing brokers by selecting […]

In fact, it is estimated that almost 95% of all day traders eventually fail. Most traders during their early days tend to rely on crypto trading signals from people who call themselves experts on social media platforms. These people might end up giving you wrong information, which might result in very significant losses. As a wise cryptocurrency trader, you should always conduct your own research before you follow their signals. The decentralized nature of cryptocurrencies […]