Do you want to learn how to become a successful Bitcoin trader whether you’re a beginner or professional?
Let’s show you an easy way to go about it.
Knowing how to become a successful crypto trader will save you the long months and years that may be wasted doing the wrong thing.
Think of it as top trading tips that will guide you through your journey of amassing your first profit and consistently making more profit than losses.
So, what does it take? Read on to find out.
What is Cryptocurrency Trading?
We’ll like to believe you’ve heard about Bitcoin (BTC), Ethereum (ETH), or even Tron (Trx).
If that’s the case, cryptocurrency trading is the process of buying and selling digital coins like Bitcoin, Ethereum, etc.
There are over 2,000 cryptocurrencies in the market today, and that means you can trade Bitcoin against these assets and fiats like Naira, the dollar, euro, pounds, etc..
The aim of trading any coin is to make a profit, however, it may not always be the case if you do not have good trading skills.
Good trading skill is what will make you a successful Bitcoin trader.
So, how can you acquire these skills? Here’s the part you’ll find really interesting.
How to Acquire Good Trading Skills
The best way to acquire good trading skills to join a reliable cryptocurrency trading company that will teach you all it takes to be a good trader.
BiTA (Bitcoin Traders’ App) is such a company and it has been specifically created to kindle the trading interest in youths and also improve their skills.
To that accord, BiTA is backed by a team of technical analysts who have traded the financial markets for the past 10 years.
Therefore, you’ll be learning from the experiences of these traders and acquiring knowledge to avoid pitfalls that could potentially lead to losses on your part.
But don’t just take our word for it, you can also come to rely on the testimonies of over 200 students that have been trained by this company.
Below are screenshots of trades taken by BiTA students:
What more does BiTA Offer? Check these out!
BiTA Coin Signals
BiTA also offers Coin Signals to its users to ensure even though those who have little or no time to learn the trading processes can still earn.
The Coin Signals come with features including:
- Exact price to buy a coin.
- Exact price to sell a coin.
- Where to set your stop loss.
- Conditions that will warrant you exit the trade.
Unarguably, these are interesting features, which means you too can quickly register here to receive BiTA’s Coin Signal on a daily basis.
Buy and Sell Bitcoin with BiTA
The buy and sell of Bitcoin in Nigeria has become easier than ever with BiTA.
If you have some funds in your bank account, you can easily use the BiTA app to purchase Bitcoin and other cryptocurrencies.
And if you’d found it difficult to buy or convert 1 Bitcoin with Naira, it can be a thing of the past.
Bitcoin Trading Tips
Apart from gaining basic technical and fundamental analysis skills, here are other Bitcoin trading tips that will make you a successful trader:
- Have enough savings before trading
- Do not trade with your savings
- Know your profit and losses limit
- Determine your risk to reward before taking a trade
- Understand the season and market structure
- Stay updated with the latest news and events
- Learn from your mistakes and move past them
How Much Do Bitcoin Traders Make?
Bitcoin traders make thousands and even millions of dollars daily or on a weekly/monthly basis.
This means a professional Bitcoin trader in Nigeria could make millions every single month.
However, an average trader may earn around 300,000 to 500,000 naira weekly..
How much you make is entirely dependent on your level of skill, capital, and ability to control your emotions.
BiTA will teach you this and many more to ensure you get the best results in your trades.
Therefore, the first step on how to make money with Bitcoin in 2020 begins with acquiring the right skill.
How Do You Become a Bitcoin Trader?
You become a Bitcoin trader by learning what cryptocurrencies and blockchain are.
You’ll also need to acquire trading skills to mitigate your losses and make more profit in your trades.
It’s worth noting that Bitcoin trading is a practical thing, hence, you’ll be learning and trading at the same time until you master the skill.
And fret not, it’s always advisable you start trading with a small capital such as $10 to enable you to learn how to curb your fear while you learn.
We’ll like to believe that your goal to become a Bitcoin trader is to actually make money and not lose your profit and capital.
With that in mind, join a reliable company that will guide you through your journey of becoming a successful cryptocurrency trader in Nigeria and the world at large.
These are the tips on how to become a successful Bitcoin trader and they should guide your every step through the crypto market.
Acquiring good trading skills will make you a more confident Bitcoin trader and also increase your portfolio consistently.
And most importantly, you’ll take more planned trades and not be swayed by FUD (Fear, Uncertainty, and Doubt or FOMO (Fear Of Missing Out).
It all begins by falling back on a reliable cryptocurrency company to get your first lesson on trading.