A 20-year-old trader shares his ways to make money

Recently, affected by international events, the “stock market crash” has been constantly discussed on major stock exchanges. A bubble could also be hiding behind the boom. The gloom in the stock market has prompted a large number of investors to throw themselves into the arms of the safe-haven currency, Bitcoin. However, many traders entered with enthusiasm and left with regrets. Do you really understand the cryptocurrency market? Today we’re going to take a look at a 20-year-old trader who shares his techniques for making profit.

1. Become fully familiar with the market and the environment

We often tend to listen to expert advice, or enter the market when we sometimes only half understand the different crypto market terms. Naturally, the end result will not be satisfactory. In fact, regardless of your industry, when you decide to enter this field, you must systematically acquire the basic knowledge in this field. In the cryptocurrency market, the same applies to this law. Besides, the crypto market is not separated from the global environment. Indeed, only a complete understanding of the market and changes internationally can let you know when to enter the market and when to close your position.

2. Avoid emotional trading

Novices tend to invest in positions that exceed their own limits in the hope of making excessive profits, and when the market fluctuates, they immediately exit. Emotional trading is very common and if you ignore your own case and go blind, you will end up losing your money.

3. Fix a Stop-Loss and a 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 there is still a position, it is always easy to open the next order.

4. Choose a trader that matches your trading strategy

Many people enter the market after learning the basic terms and they go long or short as they choose. In the end, they do not get the expected results. Now, for this type of beginner, the copy trading offered by some cryptocurrency platforms in the market, I think, will be of 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 copy trading.

Its unique order copying system gives any investor new to the market the chance to become a veteran. It allows you to copy investment orders from experienced people, as well as customize the proportion of your order copy, set break-even and loss thresholds, or terminate 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 know the account profit and loss, set the investment ratio, familiarize yourself with leverage trading, grasp the market laws as soon as possible, and explore your way to earn money.

Learn more about Bexplus

Bexplus, a reputable cryptocurrency futures trading platform accredited by the FinCEN MSB (Money Services Business) US, offers 100x leveraged futures trading on a variety of trading pairs such as BTC, ETH, ADA, DOGE, XRP. Moreover, on Bexplus, there is no need to do a KYC. The exchange has no less than a million people worldwide.

It is also popular for the following features.

100x leverage: The fastest way to maximize your profits

The 100x leverage offered by Bexplus allows you to open 100 positions with a margin of 1 and trade in the market with 100 positions. In short, with the 100x leverage effect offered by Bexplus, your profit can be 100 times greater than the profit brought by the initial investment.

Suppose we use 1 BTC to open a long contract when Bitcoin is trading at $40,000. A day later, the bitcoin price rises 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 to your account

In addition to 100x leverage, Bexplus’ 100% deposit bonus campaign also helps low stake investors to earn high profits quickly. If you top up 1 BTC, there will be 2 BTC in your account and you can trade with the 2 BTC to make a bigger profit. Although the bonus cannot be withdrawn, the profits obtained from it can be withdrawn. You can get up to 10 BTC bonus.

A BTC wallet: Up to 21% annualized interest

If you’re hesitating between going long and going short in a fast-moving market, Bexplus offers a safe way to make money – a portfolio that offers 21% annual interest. (Almost the highest interest rate in the industry).

A mobile application: Google Play and Apple Store

Connecting to Bexplus on the phone is very easy, the application is available for both Android and IOS devices. For now, just search Bexplus on Google or App Store, then you can use Bexplus and make instant transactions on your phone.

It doesn’t matter if you are a novice or a veteran, Bexplus is very user-friendly for everyone, and you will love investing 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 the money you can afford to lose.

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