Effective Steps to Invest

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Avatar for dansontela
1 year ago

HELLO friends in the ReadCash this time I will again make posts related to finances. For me talking about finance is never inexhaustible, because the issue of finance is one of the issues that is quite interesting to discuss. What else is the conversation in the current era of modernization? Where strategies and instruments for financial management in the form of investing are already available in the form of fairly sophisticated applications.

Therefore, it is very important for someone who wants to invest through technological facilities to learn in advance the level of goodness and trustworthiness of the available facilities. It is important to realize this condition so that potential losses can be anticipated as early as possible. In order for the investment plan to be carried out to get the maximum benefit. And also profit is the ultimate goal of an investment activity. Recognizing risk, is one way to maximize profits.

Because one of the strategies to get the maximum profit in investing is to recognize the risk first from the investment itself. Not a few people who invest are trapped in investment activities that are less effective and efficient. This means that potential risks are rarely taken into account, and they are only focused on profit targets. So that it does not take into account the costs that occur, which should be anticipated and can also maximize profits.

For example, for a trader, when making a transaction on one of the securities (crypto) he has. Sometimes the trader does not estimate the burden of fees deducted from each transaction he makes. Because every service provider for buying and selling cryptocurrencies, it is certain to determine a fee with a certain percentage for each transaction that occurs. This condition can actually be anticipated by a trader by taking a technical analysis approach. So that the crypto can be held for a certain period of time.

Of course, determining the right price to sell or buy through technical analysis, after passing the selection based on the real conditions of the crypto fundamental itself. So that the trader does not become a player who is only fixated on selling or buying at any time of the crypto itself. However, he can be said to be an investor who invests in one type of crypto asset with conditions for a certain period of time. So that the daily cost burden, the effect of buying/selling crypto can be reduced.

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Avatar for dansontela
1 year ago