5 ways to follow and become a successful cryptocurrency trader /investor

A crypto-trader is someone who profits from short-term changes in the market price of cryptocurrencies, altcoins, and value tokens. The goal, of course, is to buy when prices are low and sell when they rise higher. Trading can be lucrative, and many people have made fortunes doing it. This article will reveal the five things you must understand if you want to become a successful crypto-trader. 1. The Relationship Between Risk and Reward A successful crypto-trader must understand the relationship between risk and reward. Risk management measures volatility and the likelihood of negative outcomes to a trade. However, a successful trader should never run away from risk because risk and potential returns are positively correlated. The greater the risk you take, the greater your reward will be if you come out on top. 2. Technical Analysis Crypto-traders rely on technical analysis to identify and predict trends and patterns in the value changes of a currency. Technical analysis h