Trading can be an extremely profitable venture. There are many who trade different markets and are able to make a living. People in this position are able to "print" money as they need it. Over time, their accounts can grow to levels few are able to ever dream about.
While this can generate huge returns, many have blown up their trading accounts. The advantage to trading is that anyone can enter. A problem arises in the fact that anyone can enter.
Since anyone can participate, people look at it and jump right in. Markets do not care about experience, background, or intellect of the trader. It is neutral in that regard. What it does enjoy is making people lose.
Professionals do not approach things in this manner. Instead, they train and practice to improve their skills.
Cryptocurrency Offers Traders Huge Potential
Cryptocurrency offers a major advantage that attracts a lot of traders: volatility. It is not unusual for these digital assets to move 10% or more in a few hours. That is something you do not see in the stock market.
Volatility is a traders best friend. It is hard to make money when an asset is not moving.
While this can lead to huge losses, traders often see huge gains when they are on the right side of market moves. As asset that has sideways price action does not offer potential for profit. This is why traders seek out those which make big moves.
Of course, this is often enhanced by leverage.
Practice Trading
Some of the best traders, regardless of the asset, find that practicing is the best way to enhance their results. This is where a partnership with a project like SanR enters.
For those interested in improving their trading skills, this is an easy way to get real time experience without risking ones wallet. By utilzing a website that mimics, one can get the real world experience before putting money on the line.
Any endeavor is enhanced by repitition. This is where trading based upon indicators is improved. Having the confidence in the indicators one opts to utilize is crucial. There is also a feel to trading. It is more than just a mechanical process. The best traders become familiar with the price moves of certain assets. Cryptocurrency is no exception.
Trading Competition
Anyone who practiced any type of trading, often called paper trading, knows that it differs greatly from the real thing. Emotions are absent when money isn't on the line.
This is addressed by adding trading competitions and contest. These "epochs" are cycles that last two weeks. There are rewards for each period.
Of course, being cryptocurrency, there is incentivization. People who are practicing their trading can also earn the SAN tokens.
This could be viewed as a get paid to learn project. The partnership with Leofinance means that people who are interested in enhancing their trading skills can enjoy the expansion of the ecosystem.
If you found this article informative, please give an upvote and rehive.
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Posted Using LeoFinance Alpha
One of my free secrets of hive class actually covers beginning trading! In fact I've sent people free cryptocurrency too trade and learn with.
What happens, maybe I find someone who is able to trade their way into a huge investment?
You never know.
Posted Using LeoFinance Alpha
I'm yet to do more exploration on SanR but I believe the partnership it has with LeoFinance is paving a way for lions to practice and enhance their trading skills without the risking real assets.
It is a way for poeple to learn some of the basic of trading.
Posted Using LeoFinance Alpha
That's right. Guess I need to give it time and explore to learn how to trade better.
Very true TM. I've had seasons I covered close to 4 digit dollars from trading within the hive layer 2 markets. Really an underestimated gem here. Great initiative with SAN
That is an impressive returns. That will help the wallet over time.
Posted Using LeoFinance Alpha
Trading cryptocurrencies can be very profitable when we're on the winning side of the market. It takes practice to understand the key fundamental or technical analysis to operate with when trading. Good to have a way to practice and enhance our trading skills through SanR.
Yes the fundementals are crucial. Something most people are not familiar with.
Posted Using LeoFinance Alpha
How do I join this San thing?
You just have to learn how to use decentralized finance which we've already got a chance with each of our accounts to access it.
I do a free class that shows how to do basic training however this is something else.
Sign me up! I've been playing around with defi for a bit. Nothing heavy, dipped my toe into Thorchain, Aave, and of course played with Polycub.
Look at my recent posts at the bottom for my discord link. Love to share how hive works and make new friends that play with trading investing and earning more on hive...
The Discord link on your latest post is making me sign up for an all new Discord account, but I've already got one: jd741
Let me.know when you are free and let's get you set up...
https://sanr.app/
Posted Using LeoFinance Alpha
Have always been very scared to trade, the thought of losing sometimes can be crippling. It is the fastest way to generate wealth for sure on the crypto space though
U can start with Hive engine by trading some of your token
It takes a special breed.
It is the simplest yet hardest thing in the world.
Posted Using LeoFinance Alpha
You didn't specify how to earn the San or is it a click bait
Enter the tournaments they hold. Every two weeks. They are called epochs.
https://sanr.app/
Posted Using LeoFinance Alpha
You have to compete with others, people who placed on the top rankings will be rewarded with SAN tokens, currently we are having an event giving out bonus rewards for Leofinance club users stand a chance to win extra SAN and LEO by signals casted before the 18th of July!
As time goes by one gets to learn many new things as I didn't know anything a year ago now I have learned many things and will continue to learn in the future.