Do you want to make money cryptocurrency trading? Of course, you do right, well you have come to the right place because I can show you how it is possible and give you the information you need to start making money successfully trading cryptocurrencies.
Why Choose Crypto to Trade?
I choose to trade crypto for a lot of reasons. In the past, I have traded stocks, options, futures, FX but in my opinion, none of them come close to what I can achieve with crypto or are as exciting either. Trading crypto you can do on your own terms there is no trading window, you can trade whenever you like, the crypto market is open 24hrs a day 7 days a week. Crypto does not sleep, this gives you the freedom to trade when you like.
Because crypto is so dynamic and volatile you can trade less and make more money compared to other markets. The trading platforms I use to trade also have mobile versions so you can trade anywhere you can receive a signal. Trade anytime, anywhere, Choices = More Freedom.
Crypto is the future of currency so I want to be ahead of the herd and be in the know when it comes to digital currencies. These are some of the reasons I choose to make money cryptocurrency trading.
Strategies for Success.
You need a good strategy, yes true but that is only a small part of it. There are heaps of good strategies out there you just need one that has an edge. The key to successful trading is not in the strategy it is being consistent with your edge. So many people give up on trading because they think they have found the holy grail of strategies, haven’t tested it properly and as soon as they have a string of losing trades blame the strategy and give up on it, try another one only to give some more back to the market until eventually, they blow up their bank. You need to become consistent and know your strategy and learn to play the game of probabilities the right way. Learn to do this and the market will give you money when it is available.
It doesn’t need to be complicated. The chart above is NOT how I use tech analysis, in fact, I keep it very simple. I use mainly price action and just a few indicators, nothing like the above chart looks.
The strategies I use work on Any Time frame and any market, so if the crypto market stopped tomorrow by some strange act of God, I would just go back to trading FX because the strategies work on Any Market. But I choose crypto because I can trade less and make more than on other markets.
How much time do I need to spend to Make Money Cryptocurrency Trading?
Depending on what sort of trader you are will depend on how much time you will spend in front of the screen. You do not have to spend hrs a day watching the screen to make good money from crypto. I mainly trade the 4hr and higher time frames, but if you want to be a scalper and trade the minute charts you can it is your choice, I personally don’t do this. I choose not to spend that much time in front of the screen trading, I have better things to do with my time.
Realistically I spend around an hour in the morning scanning the market to create a watch list, then depending on the size of my list that determines how much time I spend watching for setups to make entries. If I have a large watch list I spend more time of course but these setups will not all be on the same time frames. Just say I have a trade setting up on the 4hr I only need to look around that 4hr closing time. So It might go onto my watch list around 10 am then I have to look again around 2 pm. If it is a trade I am watching on the 8hr time frame it might go on my list at 10 am and then I would have a look at 6 pm again to see if it has given me an entry signal.
Once you have all your systems in place and follow your trading plan and routine it is really up to you personally how much time you spend trading. I choose to make things as simple as possible so I don’t need to spend a great deal of time making money from the market. I can then spend my time doing the things I truly want that to me is living a life of real wealth.
What is really Takes
To make money cryptocurrency trading takes more than a good strategy and time spent trading. All markets are driven on Fear & Greed and if you let emotions control you I guarantee you will fail.
Trading can be emotional but you need to take the emotion out of it to be successful. Psychology plays a big part in being a success as does discipline. I believe these are way more important than strategies. If you a feeling sick, tired or have other factors playing on your mind you have got no place in the market. You must focus grasshopper!
The system I use I have made 100% mechanical so it takes the subjectiveness out of the decision-making. It either ticks the box or it does not – No maybes, this helps me to control my emotions. This combined with consistency ensure I can take money from the market when it makes it available.
So you thought you would buy some bitcoin, jump online, open an account and make a million dollars – Really. Well if you want long term success it does not work like that, but you can Get Rich Slowly if you are prepared to do what it really takes. Not to say you won’t have some BIG Wins along the way but it takes more than just a bit of luck time and strategies.
But if you want it bad enough you can have it and I am here to help you achieve that if you want it, just send me an email to email@example.com and I will do what I can to help you achieve your True Wealth, you know the Wealth you Dsire.
Be the Best you can Be