Through this article I want to give a few basic tips and tricks that can be used by Bitcoin Cash players to get PROFIT in Bitcoin Cash trading!
NOTE FOR FOREX PLAYERS
Many Bitcoin Cash traders who were previously forex traders were a little confused when they first tried to participate in the Buy and Sell Bitcoin Cash market. Bitcoin Cash trading is very different from forex trading because even from the terms the way of trading is different. If from forex we know 2 terms: Long and Short. Long is targeting prices to go up to get profit and Short is targeting prices down to get profit.
Whereas in Bitcoin Cash trading, it is much more like buying and selling goods online, namely the existence of BUY and SELL. BUY means actually buying goods in the form of Bitcoin Cash and SELL means actually selling goods in the form of Bitcoin Cash. So that the profit is simple, namely the selling price minus the purchase price. So there are no terms Margin Call and PIP in Bitcoin Cash trading. The existence of selling goods for profit or loss.
BITCOINCASH TRADING TIPS
In trading Bitcoin Cash, we must have a goal so as not to be confused, because sometimes beginners, especially Bitcoin Cashner Idealists, are often confused about having to collect Bitcoin Cash or just chasing profits in selling Bitcoin. If you have decided to become a Bitcoin Cash Trader then sorry you have to bury your Bitcoin Cashner Idealist soul deeply. Remember we are here collecting Dollar from the difference between buying and selling, not goods in the form of Bitcoin Cash.
TRADING ENGINEERING IF THE MARKET CONDITIONS ARE SUPER POSITIVE
Positive market conditions mean that there is a tendency for Bitcoin Cash Price to continue to rise throughout the day. For example this morning the price is 3,700,000, a few hours later 3,800,000 the next 4,100,000 and so on. In this condition Bitcoin Cash trading tends to be easy. Why ? because you simply buy at a low price and sell it at a price slightly higher than the purchase price. Just enjoy the profit until the market increase is finally saturated, so you have to stop buying and wait for the price to fall back down.
TRADING ENGINEERING IF THE CONDITION OF A SUPER NEGATIVE MARKET
Now this is what Bitcoin Cash traders are most afraid of. What if prices continue to fall? This morning 4,200,000, a few hours later 4,100,000, another 4,000,000 hours? If you try to buy and then try to sell at a price higher than the previous purchase price, you will definitely be a loss because no one wants to buy your Bitcoin far above the market price unless the buyer is really in need. Remember buyers are also smart people who know what a reasonable purchase price is when buying. But market conditions that tend to fall in fact if we are SMART enough have its own advantages.
TRADE ENGINEERING WHEN STAGNAN
Stagnant market conditions tend to be boring but this has its own advantages for small medium traders. Why ? because the price is so predictable! Just put the net buy price at low and the selling price is slightly above the purchase price then you will get profit. Repeat every hour. The bitcoin cash market tends to be like playing ping pong - tik tok tik tok tik tok. Every tick tock is the sound of your profit.🤗
CAUTION Bitcoin Cash trading is a high-risk activity. The price of Bitcoin Cash is volatile, where the price can change significantly from time to time. Please use extra consideration in making a decision to buy or sell Bitcoin Cash. All Bitcoin Cash trading decisions are independent decisions by the user.
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