Yesterday i was working on my trading strategies from a risk management stand point.i plan to scale up
on some of the asset classes I have chosen but I will not encourage you to use margin because I am assuming you are a beginner because as Tim Sykes says
"90% of traders lose". The chances that you are reading this and you know how to trade are
very low that's why this has to be beginner level So that you make mistakes and learn
so that you lose on your trades, but with low risk as a way of learning.. Bitcoin BTCUSD
Is the best asset for beginners but do not use margin
So why is Bitcoin a good buy?
Its following the next 3 steps:
-The price is above the 50 EMA
-The price is above the 200EMA
-The price has gapped up in an uptrend
Because its following these 3 steps we can say that it is in an uptrend
Now does this mean it wont crash? No it doesn't infact it can crash to zero
This is why following recommendations is not a safe strategy you need to learn more about
Trading, risk management and profit taking.
Rocket boost this content to learn more.
Disclaimer: Trading is risky you will lose money whether you like it or not
please learn risk management and profit taking strategies
and feel free to use a trading simulation tool before you trade with real money.