How to become a savvy investor in Forex and Crypto trading Markets (as a beginner )

How to become a savvy investor in Crypto Currencies and Forex markets Trading as a beginner

Hey, beginners in Crypto Currencies and Forex Trading ! Want to be savvy investors?

Then it’s time to brush up on some essential financial terms and to learn a few processes.

First of all, understanding these five necessary terms can help you make better decisions when investing in crypto currencies or forex.

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5 Financial Terms Everyone Should Know

1. ROI: Return on Investment –

Measures the gain or loss generated on an investment relative to the amount of money invested.

2. Market Cap:

The total value of all shares of a cryptocurrency in circulation; a useful metric for evaluating the worth of a company or currency.

3. Liquidity:

Refers to how easy it is to buy or sell an asset – something to be aware of when looking to enter or exit a position.

4. Volatility:

Refers to the price swings a particular cryptocurrency experiences on any given day over a specified time period; something to be aware of when assessing trading risks or long-term investment possibilities.

5. Price-to-Earnings Ratio:

A valuation ratio that measures a company’s current share price relative to its earnings per share; often used by investors as an indication of the relative value of a company’s stock.

These are just five of the many financial terms that could empower you as you travel through the world of crypto currency and forex trading.

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Knowledge is power, no matter which of these two industries your in.

So keep learning, adapting and growing – and never stop exploring the limitless possibilities of the crypto and forex markets!

Crypto and Forex Class 101

Many traders would like to trade for prop firms but they really don’t understand about drawdowns.

Drawdowns is what most prop firms are keen on and not profits.

Drawdown is used to calculate your risk factor.

For example if you deposit 1000 in a trading account and you initially incur a loss of 100 and then you further recover and push your account to 1500.

Your equity drawdown will be 10%.(This is a higher risk )

Equity drawdown is the drawdown which you incur before closing all your running trades while balance drawdown is the one you realise after closing all your trades.

So before engaging any prop firm note carefully what their drawdown is based on.

Equity or balance?

Do not hold onto your losses.

This will absolutely destroy your portfolio.

Your stop loss saves you from losing money.

Otherwise you will be left with nothing at all.

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The only profitable trading strategy is to know the direction/trend of the market and to avoid trading against the trend

Most importantly patience is the key, don’t chase a trend wait for pullbacks and place trades at the end of a pullback.

Nobody controls the market , it’s automatic,it’s like a robot.

And some times you may need just that, a robot to help you with your trades.

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3. It automatically analyzes the market data.

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Don’t Just Trade For The Sake Of Having A Running Trade On Your Screen.

If You Don’t See A Set Up Don’t Trade.

Save Your Capital For When There’s A Set Up.

That’s Where Growth Begins.

It Takes Just As Much Effort To Realize There’s No Trade Just As It Takes To Realize A Trading Opportunity.

Some Of Us Had To Learn This The Hard Way.

That’s Why I Use My Mistakes To Enhance Your Trading Intelligence….

Trading is a brutal game.

I don’t sugar coat it.

If you come into this industry looking for quick money, it will chew you up.

Turning it into a career will take you down many dark roads and test you in ways you would never expect.

It is not for everyone.

The only profitable trading strategy is to know the direction/trend of the market and to avoid trading against the trend.

And when you do make some money, it is important to keep some offline.

Having secure custody of your crypto and forex is essential.

This is particularly true not only for institutional investors who often hold and trade large amounts, but also for beginners in Crypto Currencies and Forex Trading.

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Most importantly patience is the key to sustainable longevity in the markets.

These are what any savvy traders should know, especially Beginners in Crypto Currencies and Forex