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Crypto_Angel
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As You Decide to become a day Trader 🔥🔥 What is the best time of the day to profit from your trades? Can you make $100 everyday as a day trader ? Making $100 a day trading cryptocurrency is possible, but it requires effort, patience, and discipline. Also , the trading amount plays a huge role too. Moreover , be sure to start with stablecoins, stay connected to the latest news, set realistic goals, choose the right exchange, and trade with a solid plan BEST PROFITABLE TRADING TIME In order to maximize potential profits, it is important for day traders to pay special attention to market liquidity, volatility, and trading volume before placing trades. The best way we have found to get the most favorable trading condition is to day trade crypto between 8:00 am and 4:00 pm in its local time. As stated earlier, Cryptocurrencies are most commonly traded between 8am to 4pm in local time. However, the crypto market is 24/7, your trades are more likely to be executed when there is the highest level of activity. Outside of these hours, when trading is lighter, it can be more difficult to open and close trades Stay tuned for more .. Let's keep Learning and growing together 💪 #Crypto_Angel

As You Decide to become a day Trader 🔥🔥

What is the best time of the day to profit from your trades?

Can you make $100 everyday as a day trader ?

Making $100 a day trading cryptocurrency is possible, but it requires effort, patience, and discipline. Also , the trading amount plays a huge role too.

Moreover , be sure to start with stablecoins, stay connected to the latest news, set realistic goals, choose the right exchange, and trade with a solid plan

BEST PROFITABLE TRADING TIME

In order to maximize potential profits, it is important for day traders to pay special attention to market liquidity, volatility, and trading volume before placing trades. The best way we have found to get the most favorable trading condition is to day trade crypto between 8:00 am and 4:00 pm in its local time.

As stated earlier, Cryptocurrencies are most commonly traded between 8am to 4pm in local time. However, the crypto market is 24/7, your trades are more likely to be executed when there is the highest level of activity. Outside of these hours, when trading is lighter, it can be more difficult to open and close trades

Stay tuned for more ..

Let's keep Learning and growing together 💪

#Crypto_Angel

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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💥With heart filled with satisfaction and immense gratitude, I'm pleased to announce that I am now a Member of the @Binance Product Advisory Council (PAC), a new initiative in Binance . We will try our best in bringing innovative ideas to further drive product improvement and innovation 🎉👏 Thank you all for your support in making one of my dreams come true and special thanks to Binance team who found me worthy to join🧡 🤝 Let's Keep Building together 💪   #safu #BinancePAC #HotTrends
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TRADING RISK MANAGEMENT STRATEGIES Explained The Common risk management strategies: There is no single way to approach risk management. Meanwhile , Investors and traders often use a combination of risk management tools and strategies to increase their chances of growing their portfolios. Below are a few examples of strategies that traders use to mitigate risks. 1% TRADING RULE: The 1% trading rule (or 1% risk rule) is a method traders use to limit their losses to a maximum of 1% of their trading capital per trade. This means they can either trade with 1% of their portfolio per trade or with a bigger order with a stop-loss equal to 1% of their portfolio value. The 1% trading rule is commonly used by day traders but can also be adopted by swing traders. While 1% is a general rule of thumb, some traders adjust this value according to other factors, such as account size and individual risk appetite. For instance, someone with a larger account and conservative risk appetite may choose to restrict their risk per trade to an even smaller percentage. SL/TP order(Stop-loss and take-profit orders): Stop-loss orders allow traders to limit losses when a trade goes wrong. Take-profit orders ensure that they lock in profits when a trade goes well. Ideally, stop-loss and take-profit prices should be defined before entering a position, and the orders should be set as soon as the trade is open. Knowing when to cut losses is essential, especially in a volatile market where prices can tumble rapidly. Planning your exit strategy also prevents poor decision-making from emotional trading. The stop-loss and take-profit levels are also essential for calculating the risk-reward ratio of each trade. TO BE CONTINUED... #Binance
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