- Jibril Letters
- Posts
- How to start trading Cryptocurrency as a beginner Step by step Guide
How to start trading Cryptocurrency as a beginner Step by step Guide
Cryptocurrency is revolutionizing the financial world. Did you know that millions of people are now using crypto not just as a payment method but also as a tool for financial freedom? through investing and trading . in this guide l will give you 4 steps to get you started on the journey
Step 1: Register with Hotcoin
This is a beginner friendly cryptocurrency exchange that you can use. To stay ahead of 99% of the traders: to get connected to the crypto world you need to have an account with a crypto exchange
Make sure you use the links below to get extra benefits Like FREE and trading bonuses
Step 2: Deposit
Hot coin offers three types of deposit You can deposit through
- Crypto network
- Credit or debit card
- P2P trading
I Advice you deposit via a crypto network or credit / debit card because the P2P trading platform is not yet available in many countries but guess what this could also be your opportunity you can inquire from the customer service centre, you might become the first P2P trader in your country and this could be an opportunity for you
The amount you deposit totally relies on your risk tolerance. Meaning Cryptocurrency is so volatile you should deposit the amount of money you are comfortable with, don’t fear to start small
Step 3: Strategy
There are many strategies that I used in the cryptocurrency space you should choose which one resonates with you your risk management tolerance and the one that is going to work for you.
If you ask me for a strategy I use and I also digit to my students is the two-hour crypto investor.
The 2hr Crypto investor only spends two hours in the whole week for crypto This gives you time for your Trades and investments to play out it reduces panic and stress of the market The two-hour crypto investor also removes trying to predict the market.
If you want to check it out you can contact me it’s just being told one on one it is not a course, it is not a book if you want to have it you have to contact me and I will book a session with you where will you go through it.
Here is the strategy I can give you right now, its part of the two-hour crypto investor
- 80/20 Rule: This is a capital distribution strategy where 80% of your capital goes to spot trading while only 20% goes for future leveraged trading
- Fundamentally Strong projects: This is a watch list strategy where we pick strong fundamental crypto projects and we put them under our watch list.
- Cheap and expensive zones: On your chat mark the cheap zones and the expensive zone The extreme end of the chart I will wear these zones are the upper part is the exact expensive zone and the lower part is the cheap zone, now you have an idea of where to buy and send
- Weekly time Frame: On the weekly time frame Mark all the turning points of the price, we will use them as entries and exits
- Entries: We use dollar cost average to enter the market, we don’t wait for the bottom Because we can’t tell when is the bottom
- Profit taking: As the price of the cryptocurrency is pumping, we keep on taking partial profits, we don’t wait to sell at the top because we don’t know when or what the top is
The above is the strategy I have been using to be able to make crypto as my biggest source of income for the past three years. It. is not a get rich quick scheme but it works. Because a real fundamental and utility projects always. But when it comes to the bear market or a crash of the market they also calm down. So, this presents countless opportunities...
REMEMBER: The above strategy is used by investors and Spot traders of all levels, don’t try it with futures/Leveraged trading unless you are an advanced trader.
Step 4: Consistency
Being consistent is what will repute you ahead of 99% of everyone Even those who have this very information. Consistent does not mean you should you know at the two-hour crypto investor we only spend two hours a week but this is what we do
- Set an alarm and preserve your time on the calendar: This should probably be a weekend because the market is not so volatile to influence your decision
- Set entry and exit limits: Entry below the current price on our key levels and exits above the current price on our key levels: These will help you to enter the market or exit the market during the week even without your presence
Enjoy your trading I want to leave you with one more thing this is not a great rich quick scheme but if you follow what I’ve told you consistently there is one thing for sure You will withdraw money from this market.
Email Me for the 2 Hr Crypto Investor: [email protected]