5 Important Aspects of Mastering Trade Must Know

Many of us have different thinking ideas for successful trading but how many or are actually effective for success? All of us traders need to know what good trading or successful trading depends on. When you want to be a successful trader you will discover all those doors one by one. It is normal for the market to go against you again and again or in your favor, but in the opposite situation you have to be successful by applying your strategy, that is why you will be considered as a successful trader.


So let's know what things will help you in a successful trade.


Analysis: (Analysis will be before each of your trades) First of all you have to do this work. You need to choose a currency pair that indicates a clear market condition and has a good chance of making a profit. You need to adjust the trading method and the risk ratio of each trade through proper analysis. Sometimes you have to move slowly from the position where you will trade in a single currency, otherwise, you will be forced to trade in a difficult situation. Understand the type of analysis and select specific indicator tools.


Order: When you choose the right currency pair and the right movement, your trading system will change a bit, but you have no reason to worry, you will be in favor of the market and will be able to take profit. The thing to worry about is when you open a trade without any analysis and you are worried about the market movement, exactly what to do at the moment. In the case of orders that cannot be mistaken, e.g.


# Trying to understand market movement clearly with many indicators.

# Trading based on indicators only.

# Not resorting to any method in case of trade open.




Money Management: Almost all traders are aware of money management but very few traders take advantage of it. Without being too complicated, think about the size of your next trade and whether it is capable of your current balance. Some issues need to be left out of the head, such as money management issues,


# My account needs small money management.

# I have my own trading method in my head so I don't need any other method.


Risk Management: The focus of traders is to open the right trades just as it is important to close the trades that come out of the trades at the right time. Risk management will help you determine exactly where your stop will be and where the profit point should be. There are more things to follow in risk management:


# Increasing the stop or profit by moving away from the strategy by predicting the trend.

#Or move away from the original strategy with partial profits.


Trading Psychology: This point is a little more sensitive and complex. Basically, the psychological issue plays a very important role in trading. Which, of course, made the video an overnight sensation. So for good trading, you need to be as systematic as you need to be mentally prepared. So trade well with the right benefits of the above. Thanks;

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Posted By alexsalazar : 07 September, 2020
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Cryptocurrency Trading 2020 – History, Evolution, Future Prospects: Everyone in your peer group is talking about Bitcoins and altcoin, but you don’t know anything about it. Some say their future is bright, while some criticize their volatile nature. But, you, on the other hand, just do not know anything. How this Bitcoin came, and what is block-chain? How did it start? Should you invest in it or not?     Nothing! But, don’t worry!   Here in this article, we would be resolving all your doubts and queries. We would first start with the foundation, i.e. how this all crypto trading started. Then, we would briefly describe the current market scenario of cryptocurrencies and Bitcoin, the largest crypto. After that, there would be some cool predictions about this emerging market, followed by a conclusion post.   Birth of Cryptocurrency Trading   1980 The idea of digital money first came into the mind of a cryptographer, David Chaum. He invented an unprecedented algorithm which was able to exchange information and data between two parties, which placed the foundation of electronic cash transfer. He called it “blinded money” developed with a “blinding algorithm“. The transferred data couldn’t alter and was secure, but unlike crypto trading, it centralized.   Then, later on, David, with his team, founded Digicash, which generated currency from the same concept. But soon after that, Netherland’s central bank intervened, and Digicash had to discontinue.   1998 After David developed the concept of web-based encryption data transfer, a software developer named Wei Dai, introduced the notion of digital currency, called “B-money”, on a white paper. The idea was to transfer money among the digitally created pseudonym groups. It was very much similar to today’s cryptocurrency trading concept.   One attempt also made by David Chaum’s friend and blockchain expert Nick Szabo. He created a cryptocurrency called Bitgold, using the same blockchain and cryptographic technology, which is used today.   But Bitgold was unable to fetch people’s attention and soon closed its operations.   2008 After so many failures in the crypto trading industry, in October 2018, a paper named Bitcoin – A Peer to Peer Electronic Cash System was posted on a cryptography discussion group, which explained the working of Bitcoin blockchain network. It was published by someone called Satoshi Nakamoto. His identity is still a mystery, and many believe that he holds around 700,000 – 1,000,000 Bitcoins (BTC).   During the time this technical paper was published, someone also bought the domain name Bitcoin.org, and Satoshi launched the software for BTC mining.   2009 January 2009, first BTC transaction occurred, when Satoshi transferred 10 bitcoins to one of his friends, Hal Finney. 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The mystery about these BTCs is unsolved till date.   2011 Till this time, Bitcoin gained significant popularity, and this led to the emergence of other counterparts in the crypto trading industry. Several rival digital currencies entered the market this year. Litecoin, Swiftcoin, and Namecoin were some of them.   Today, ethereum, Ripple, Tero, Monero, and Dash are some of the best cryptos. These alternative cryptos are called altcoins, and there are around 1500 altcoins currently.   These altcoins came as a response to the limitations of Bitcoin. Speed, cost, privacy, and scalability were some of them.   Around this time, Mt. Gox, a cryptocurrency trading platform, was also launched. In June 2011, Mt. Gox got hacked for the first time, costing 2000 BTCs.   The hackers attracted by its pseudo identity feature, which made it easier for them to hack the systems.   However, this doesn’t halt Bitcoins and other cryptos. The prices were gradually increasing day-by-day.   2013 The Bitcoin price touched the $1,000 mark, but shortly after that, it started to crash. It went up to $300 and went like this until 2016.   2014 Another major event occurred when Mt. Gox got hacked again. But, this time the system automatically went offline, and within minutes some 850,000 Bitcoins were cleared.   The value of these BTC that time was a whopping $450 million. Now, calculate it’s worth currently. It would be in billions.   2015 This year marked the launch of second-biggest cryptocurrency- Ethereum. It was launched through an ICO* (Initial Coin Offering), which is the same as an IPO. The only difference is while IPOs are for shares, ICO is for cryptos. Ether raised $75 million funds, which is record highest for any crypto trading platform.   *ICO: It is a fundraising platform, where investors can buy cryptocurrencies at a predetermined price. Mastercoin launched the first ICO in 2013.   2016-Present After that Bitcoin gradually became stronger day-by-day. It was evident that more people were investing in it. The crypto ATMs also came into existence and increased in number drastically till 2018. Many companies, like uber, started accepting crypto payments.   During this time, the cryptocurrency trading became a vast $300 Billion market.   But, since then, the crypto market has also become one of the most volatile and unpredictable markets in the world.   So, this was the history and evolution of cryptocurrency and the market. We have tried to cover every significant event and occurring from the inception. But, one should also be aware of the current scenario.   Present Scenario Presently, different nations are dealing variedly with cryptocurrencies and their usage. While many advocate it as an alternative form of money, many have taken a wary and banned it.   For instance, countries like China & Ukraine have banned the use of cryptos in their countries. However, countries like Japan & Australia see good potential in it and are recognizing them as legit. India, the largest Bitcoin trading nation, banned crypto trading back in 2017 but, just recently in march 2020, it lifted that ban too.   So, this was the scenario of some nations. The current condition of crypto, in any country, would be one of the three situations mentioned above.   But, what matters above all is what could be the future of crypto in the world? What do experts say? What are the predictions? We would try to answer all these questions.   Future of Cryptocurrency: All Prospects We all know the future can’t predict. It becomes more difficult to say something about cryptocurrency, which is already too volatile. But still, people having expertise in a similar field can tell us some things more accurately than us. According to them, cryptocurrencies mean to grow, and no one can stop it.   As you must have seen, Bitcoin has covered a long journey. From being exchanged for two pizzas to taking over the world in 2017. It has come a long way. Similarly, Analysts predict some significant changes for the cryptocurrency trading market and altcoins too. Below is the list of top of them.   People using Crypto One of the famous predictions we have today about is people would start using crypto as an alternative form of currency soon. We already can see how people are shifting towards digital transactions. And sooner or later, people would move to non-cash non-fiat currency transactions too. 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