It is important to be active specially when you are a day trader or short term trader.
Hi Traders,
This is the 5th part of the series "How To Earn By Crypto Trading" and today we will talk about "How news are so helpful and why"
You can read my previous post here below
"Balance Your Investment And Invest Wisely"
"Create Portfolio For All Of Your Investment"
"Create Your Goal And Make Sell Bid Today"
"Learn Some Basic Of Elliott Waves, When To Buy And Sell"
A day trader satisfy himself with 5%-10% profit by doing short term profit and this can only be done when he get know somewhere that the price of this coin can spike up. Here the work of news starts.
Why news are important ?
A news related to the coin can be a reason of there sudden spike up and fall. This just happen in matter of minutes. The one who get the news can gain high profit or can be safe from sudden fall. All you have to do is read news related to the crypto, as much you can.
If you have remember about bit-connect, when their price was falling suddenly because of the news they have given in their tweeter. Those who got the new earlier saved lot of his money and inactive trader lost almost all their money invested on that coin.
So being active can save lot of your money. We should always be updated with the news related to the crypto market.
How you can gather more news at time ?
The best way is by following the social media pages of your invested coin like on tweeter, youtube etc. Tweeter is also a good platform for news related to the crypto. Tweeter is the very first site to spread the news of any type.
You can also install any app which provides crypto news. There are many on the internet but i can't tell about anyone right now.
Google is also a very good platform, where you can find any type of news. Specific related to any topic or any published on the internet.
Being active is also matters because if you read a news after their impact, is worthless. Try to get the news as earlier you can so you can get benefits in actual at right time.
Re-steem this post so i can cover more minnows and help them to grow.
Please do not take it as a financial advise. THIS IS NOT A BUY REQUEST. It is just my analysis,opinion and result of readings. So before investing in any Crypto currency, do your own research first. I will not be responsible for any losses
Thanks for reading...
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