How are Crypto Signals Revolutionizing Crypto Trading?
Meta: More than 90% of people who start crypto trading end up losing their investments. Crypto trading signals are here to end this. Read more to find out how.
Cryptocurrencies are one of the most popular trading assets today. Their popularity stems from the many success stories we’ve been listening to about overnight crypto millionaires. But the reality is not so sweet. A lot of people who invest in crypto end up losing their money.
To be more precise, more than 90% of rookie crypto traders end up losing out on their investments. The only reason is impulsive decision-making and inexperience. But that does not mean trading crypto is not a good way of making money.
On the contrary, it’s one of the best ways to earn financial freedom, but only if you know how to do it. But you need to draw a line between trading being a source of income and turning it into an addiction.
Why Do People Lose Money in Crypto Trading?
The ‘90%’ figure I’ve mentioned above is just a sugar-coated one so you wouldn’t find yourself appalled right as you started reading this post. But yes, upon scratching the surface, you might discover that the percentage of people losing money in crypto is even higher than that.
So, who are the lucky chosen ones who manage to make a profit and earn a handsome amount of money from crypto? That’s a compelling question, but let us first ascertain why so many people are losing money in this seemingly lucrative venture.
There are more than a few contributing factors. All of them can be summarized into one sentence: a lack of trading experience. But take a look at the breakdown:
1. Investing More than You Can Afford to Lose
There are a few set-in-stone rules here. Not investing more than you can afford to lose is an important one. This does not mean that crypto trading is a gamble. It’s clear and simple risk management.
Do not invest the money you need in the near future. That means don’t invest your rent, don’t buy crypto with your rainy-day funds, and so on. Set aside a part of your money that you’re sure you won’t need in the coming months.
2. Not Starting Small
You need to step on the first rung to get to the top of the ladder. You cannot expect yourself to land on the top straight away and not fall face first. Always start small. Invest with a reasonable amount that you can afford to lose and consider your first few months in trading as just a testing phase. Once you see yourself making solid, reliable profits, only then start pouring in more money gradually.
3. Not Having a Solid Trading Strategy
What is a trading strategy you may ask? It’s a pre-defined, tried, and tested method of buying and selling cryptocurrencies with adequate risk management measures in place. All in all, a trading strategy is a roadmap to make money in crypto trading.
If you’ve invested some money in Bitcoin just expecting it to go up and sell it off in the future, know that you have a very weak, or almost non-existent, trading strategy. Learning and developing a solid trading strategy may take you years of trial and error until you find a reliable way of making money. So, how do you, a freshie in the crypto world start off making a reasonable amount of money out of crypto right away?
Seems like you’ve got to learn and wait for a few years before you can earn a decent amount. This is where crypto signals enter as a game-changer.
Trade Crypto Profitably with Crypto Trading Signals
In the end, it all boils down to buying and selling cryptocurrencies at the right time and in the right amount. This is all that you need to make money. But you can only learn to do this after years of training and self-education.
Remember the few lucky chosen ones we talked about above? These are the star traders who started trading off on the right step and waited patiently to develop a trading strategy. With years over years of experience in spot, swing, and futures trading, these expert traders have made handsome amounts of money from crypto trading.
What if I told you that these expert traders are willing to share their expertise and literally walk you through profitable trades? A way to learn trading from the experts in the industry while at the same time making handsome, reliable profits?
Sounds too good to be true, right?
Where to Find the Best Crypto Signals?
Wait! Before you scurry off to Google searching for crypto trading signals, please know that this market is full of scammers. Real, profitable crypto signal groups are a few and rare, and finding them is like finding a needle in a haystack. But I’m going to save you that trouble.
I’ve discovered a few crypto trading signal groups that are real and are helping people make money from crypto in real life. The first one is Universal Crypto Signals (UCS). Continue to read an authentic review of this signal provider and discover more about it. Universal Crypto Signals boasts a pretty impressive win rate, the proportion of its total trades that were profitable. UCS has maintained a 90%+ average win rate over the last few months.
Verified Crypto Traders (VCT) is another crypto signal provider that’s known for its profitable trades and the expert traders it has on its panel. Verified Crypto Traders have maintained their position as a top signal provider for some years now. Their team has averaged a 2000% yearly ROI over the past 4 years. Impressive!
While the contents of the last section will urge you to hurry and join these signal channels right now, we still recommend you do your own research. Read more about each signal provider and learn about their history of making profits before you make your decision. Before I end this post, I’d like to mention that this is not financial advice and is only meant for your education.