Hello guys
Today i am going to to teach you how to trade on poloniex. There has never been a better time to learn how to buy and sell on the explosive cryptocurrency markets than right now! I hope you guys know what is trading and others main definitions of the tradings .
In order to get started, you will need to have some Bitcoin or other cryptocurrencies, have set up an account with Poloniex.com (Its free Its free!) and transferred them into your account there.
Once you have registered an account, secure it with Two-Factor Authentication using the Google Autheticator. This will protect your account from unauthorized logins. Its better to do it before get hacked.
It is extremely important that whenever and wherever you use bitcoin, you use as maximum of security as possible.
Ok guys and this is very important
Disclaimer: Remember, trading is high risk - so ONLY invest money you are comfortable risking. I can not guarantee results and it is possible to lose some or all of the money you invest. Any investment contains risk and is 100% the responsibility of the investor to assess the risks/rewards involved.I am here just share my experience with you all.
let’s jump right into it with some basic rules - memorize these basic rules and take them to heart as these will guide you in all your trades.
Rule #1 - Don’t be greedy!
The whole philosophy of the trading is SMALL, incremental profits that add up to a big profit by the end of the month. Too many people want to go for the home run right out of the gate, and that is not how you are going to succeed in trading. Slow and steady always wins the race, whereas trying to go too big can COST you money. Remember it always if you want big you have to rake right risk.
Rule #2 - Only trade when you see what you want!
Don’t be desperate for a trade! Only trade when you see what we teach you below. And don’t ever feel like you lost out or missed something because you didn’t take a trade and "missed the party". There will ALWAYS be another "party"! And the next one might just be yours - so keep a level head and follow the directions!
Rule #3 - Know your numbers!
Every trade you do has fees. The reason we trade on Poloniex is because the fees are almost insignificant and that enables you to have more profit and easier success with your trades.
But if you don’t know your numbers, you will have no idea when to punch in or punch out of a trade. And that’s why the Poloniex Profit/Loss with Fees Calculator is your BEST friend. Without that calculator you are in the dark and have no idea when you’ve hit your targets for a trade. With it, you can trade like a rock star and have massive success.
So EVERY trade you do, put it in the calculator and KNOW YOUR NUMBERS! And you should do great!
I will explain about profit/loss with fees calculator later.
will catch you at the next Trading post follow me