How to Setup Binance Demo Account ...

 Hi all,

Some time ago, I have setup this 4+minutes video tutorial, which explains your how you setup a demo account on Binance. 

Check it out ..

 

Top 5 tips for Crypto Noobs – getting started 📌

1. Storage of private Keys

Always, always, ALWAYS make a note of your private key. This is the key to your money, it is yours and no one can get access to it, like a combination to your own personal safe. Write it down, print it out, and store it somewhere only you know. If you forget the passwords to your wallet, this is your only backstop so LOOK AFTER It!

2. Choose the right exchange.

There are a lot of exchanges out there to choose from, each with their own benefit, each also with their own flaws. You can see recommendations of each on any number of google searches. The best exchanges are ones which are current and proven, ones which are sworn by leading crypto enthusiasts. Do your own research and choose which is the best for you.


"One of the leading and safer exchange today is Binance " --> Check Binance here. 

3. Store your crypto in a cold storage wallet.

Some people choose to keep their money on an exchange, which is fine if you are constantly trading. If not, there is no sense in keeping it on there. Would you leave your wallet on the table at a restaurant when you go to the toilet? No. So take your money back into your control and store it in a paper wallet, or ledger until you are ready to use it again. Many exchanges have been hacked, and all the crypto from peoples wallets stolen, don’t let this be you. 

Learn more about Cold Cryptocurrency Wallets..

4. Do your own research!

This one is extremely important. Whilst it is good to listen to top crypto influencers and enthusiasts to gain knowledge on what is happening in the market and what investments are out there, DO NOT TAKE THEIR RECOMMENDATIONS AS VERBATUM. 

They, like you, are speculators and have no idea what the performance of the advertised cryptocurrency will be. Take their suggestions, look into the cryptocurrency, do some research on the fundamentals, then make your decision.

5. Know when to take your profits.

Set yourself a point at which you are happy to take the profits of your spoils. Don’t, like so many others out there, expect your investment to 100x overnight. Set your own standards as to when you will sell, because crypto is a volatile game and large swings can happen almost instantaneously. 

Better to get out at 50% of profit rather than wait for 100% and instead see your investment plummet before you took out your money. One of the best ways to do this is by selling 50% when any coin doubles. This way you will have your principal amount safe.


Regards

14 Emotional States of Trader by Berzerk_invest

 14 Emotional States of Trader by Berzerk_invest

1.OPTIMISM.
It all starts with a positive outlook on the market situation, which leads the trader to open a trade. The trader is looking forward to future success.

2.EXCITATION.
The market starts moving in the predicted direction. The trader anticipates events and hopes that success is assured.

3.TREMBLING.
The market continues to move in the direction the trader needs, this is a moment of joyful fading. At this stage, the trader is completely confident in his trading system.

4.EUPHORIA.
The point of maximum financial risk. Investments turn into quick and easy profit. The trader completely ignores the risk.

5.ANXIETY.
Oh no, the market is turning! The first signs of movement not in favour of the trader appear. But he does not notice this and believes that the market will recover and the trend will continue.

6.NEGATION.
The expected market recovery did not happen. The trader does not accept what is happening and remains in the position.

7.FEAR.
Reality dictates its own rules, and the trader begins to realise that he is not as smart as he previously thought. Instead of confidence in success, thoughts begin to get confused.

8.DESPAIR.
At this point, all profits are lost. The trader had a chance to take profit, but he missed it. Not knowing how to proceed further, he is trying to do everything to return at least to the break-even point.

9.PANIC.
The most emotional period. At this stage, the trader feels his ignorance and helplessness and is completely at the mercy of the market. The mind is paralyzed, which sometimes leads to meaningless actions in the market.

10.SURRENDER.
The trader has reached the limit of patience and closes the position in order not to increase losses anymore.

11.DESPODENCY.
After exiting the market, the trader no longer has the slightest desire to conclude deals.

12.DEPRESSION.
The trader begins to blame himself for stupidity, for why he did not close the deal on time. Some choose the right path and begin to analyse what went wrong. True traders are born at this stage, studying past mistakes and drawing conclusions.

13.HOPE.
“I can still do it!” Eventually, the trader returns to the realisation that there are indeed cycles in the market. He begins to analyse new possibilities.

14.FAITH.
At this stage, the trader regains faith in his future in the market and starts trading again.