10 LESSONS TO LEARN AS BEGINNERS IN CRYPTO AND FOREX MARKETS

Top 10 lesson learned from Investing in Crypto and Forex markets as a beginner

1. You are the Driver

If you want to become rich fast, then you will have to be the driver. You control:

– Your money

– Your mindset

– Your financial future

Don’t allow others to drive your future – you determine your success – or failure.

2. The Fast Lane:

Invent:- Becoming a millionaire doesn’t always have to be a slow process. You can become rich if you:

– Invent

– Bring value

– Offer answers

– Invest in Crypto Currencies, forex or the stock market

Become the solution to someone else’s problem. That’s when you’ll make money.

3. You Need Speed to Win

Becoming a millionaire – fast – depends on several factors:

– Your effort

– Your mindset

– Your consistency

– Your determination

– Finding a good broker to advise you

Don’t focus on the end result, focus on the systems that will bring you to the result.

4. Money is the Illusion

Looking rich is the illusion of true wealth. True wealth is:

– Health

– Freedom

– Relationships

– Good Investment advice

Money doesn’t buy you happiness. Money buys you time, which gives you freedom.

5. The Formula for Wealth

Salary does not build wealth fast.

Wealth = net income + asset value

You build a high net income when you:

– Sell products

– Build a business

– Increase your product prices

– Invest in the markets

Your ticket to the fast lane is when you solve a problem for your customer

6. Your Habits Make you Poor

Your habits may be the reason why you’re poor.

This behavior leads to poverty:

– Refusing to learn

– Seeking to impress

– Living paycheck to paycheck

– Not Investing in the markets

If you want to jump on the millionaire fast lane, you first need a solid plan, or to get a plan from a trusted broker

7. Your Job is a Prison

You sacrifice 5 days (Mon-Fri) for 2 days of freedom (Sat-Sun).

Why your job won’t make you rich fast:

– Salaries grow over time

– It takes time to gain experience

– You have no control over your salary

Time is the ultimate currency. Spend it wisely.

8. Compound Interest

If you just rely on compound interest, you will get rich fast.

How to get rich fast:

– Become a boss

– Build a business

– Invent something

– Trust your money in the markets

Compound interest is based on time. Wealth that is just based on time will be limited.

9. The Money Tree

The salary of your 9 to 5 is the slow lane to wealth.

The 5 Money Trees to Wealth:

– Rental system

– Software system

– Network marketing

– Information system

– Human resource systems

– The stock, Forex and Crypto markets

Building and monetizing systems are the way to wealth.

10. The Law of Wealth

Building millions (in wealth) means you have to service millions (of people).

The 2 Parameters to Optimize income:

1. Amplitude (how much is sold)

2. Magnitude (the price it is sold for)

You earn money when you invest and trust the advice of your broker.

I hope you liked all the highlights.

You can click on the below links and Sign up to either of these brokers who will assist you to become rich.

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You must first have an account to take advantage of Bitcoin
For information on how and where to open the most profitable crypto account the easy way

https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00R9LJ2LDW

I advice any interested investor in forex trade to check out the XM Capital platform, I am a big fan of there trade strategies and I can proudly say I am a beneficiary too. I have also managed to share a lot from there experience and I could start managing my Real trade account personally soon.


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#Compounding.

If we have a 40% win-rate,40% loss rate and 20% break even,we can take advantage of it to leverage our capital quicker,let’s assume you funded with $1000,because we have a 40% and using a RR of 1:4.

We can risk more of our initial funded capital,let’s risk 5% per trade,why such a high risk?

It’s because it’ll only take us 20 trades to lose our initial balance,but remember that’s very much unlikely to happen since we have a 40% win rate and 40% loss rate.

Meaning out of 10 trades,we stand a high chance of losing 4 trades and winning 4 trades with other 2 being break even,but remember it’ll not always like this since the trades will be random.

Let’s imagine worst case scenario,out of 10 trades we just endured 5 straight losses risking 5% per trade on our $1000 account,that means we lost $250 of our account which is 25%,let’s assume the next three trades a winners.

Since we have a RR of 1:4,that means we’re making 4 times the amount we’re risking,so on each winning trade we’ll make $200 which is 20% per trade,but since we had three winners we made $600 which is 60%,so again we used the power of our RR to cover all our loses and now your account is still up with $350.

With this in regard,our psychology has to detach from the account it’s self and focus on how many bullets we are initially having to lose our account in a vacuum,since we made 35% after the deduction of the losses from our winners,now we have to lose 27 consecutive times to blow our account.

But remember,that’s very unlikely to happen either, since our win-rate is 40% and loss rate is 40% with 20% break even,focus on the amount of bullets you still have to kill the market not the money you lost.

After making a deposit,emotionally detach from the money and only risk capital you’re willing to lose.

Note : it’s advisable for individuals who have a fully back tested and forward tested system with mechanical rules proven to be profitable,also those who are trading their private account not funded by prop firms as it exposes high risk.

Get in touch with the brokers in the links above as a beginner in Crypto Currencies and Forex markets so that they can help you with the basics of your first few trades.