TIPS: MAXIMIZING PROFITS OF Bitcoin SYSTEMS

1. Define Simple Bitcoin Rules and Follow the Trend

The simpler the trading system is the better. If thetrade system is too complicated, it will be very difficult to stick to the trading rules. Complicated bitcoin trading systems are also very confusing. A simple bitcoin system makes it easy to follow the trading rules.

2. Eliminate Risk Quickly and Let Profits Run

Minimizing trading risk is far more important than making money. Our first objective in bitcoin cryptocurrency trading is to make the trade transaction less risky. We do and achieve this by only entering trade set-ups, setting stop loss orders, cutting losses quick & never average down, & letting the profitable trade transactions run for a while, just long enough, but not too long, in order to increase the profits. Profitable cryptocurrency trade positions are only kept and held open as long as the bitcoin system shows the trend is in place, these transactions/positions should be closed immediately once and as soon as your exit signal criteria is generated by the trading system strategy.

3. Select/Choose the Right Crypto Instruments

Once you as a trader have your bitcoin trading system, you will want to begin testing it on a demo trade account. A system will give different results for each bitcoin crypto.

To maximize the profitability of your system find the most active market trading times for a chosen and selected bitcoin instrument and trade during that market session only.

4. Use Bitcoin Trade Funds Management Principles

Always risk less than 2% per bitcoin trade. With compounding, you'll be surprised to see how quickly your bitcoin account grows once you begin to trade with a profitable system.

5. Keep a Bitcoin Journal

Keeping a log of all your trade positions will help you as a trader to become a better & better & will help you as a trader follow the rules of your system. A btcusd trading journal will also keep track of your profitable trade positions & losses and you can analyze & interpret why a trade setup was profitable and why it was not.

6. ==22==SetPlaceAdd take Profit Targets

Establish a daily, weekly, monthly profit targets when trading the btcusd trading market. Once you as a trader hit and achieve this target, stop & take a break from the market. This will stop you from over-trading and will also stop you giving back your profits to the btcusd trading market. Keep your risk to reward ratio high, a 3:1 risk:reward ratio is best. This means opening bitcoin trade positions only when you've the probability of making 3 times what you are risking.

Explanation of trading signals derived & generated by our bitcoin trade system

Example 1: Buy Bitcoin Signal ==22==& Sell Bitcoin Signal Generated By Bitcoin System

Buy signal is generated by the indicator based trading system

Buy signal is derived and generated by the technical indicator based trading system, then an exit trade signal is derived & generated before another reverse sell cryptocurrency signal is generated on this bitcoin chart

Example 2: Two buy trade signals derived & generated by System

Two buy signals are derived and generated during the upward bitcoin trending market

Two buy signals are derived/generated during the upward trending market

Examples 3: Exit Trade Signal Generated by System

Examples of Signals Derived and Generated by a Bitcoin Strategy Method

Examples of Signals Generated by a System

Other Tips

Learn Bitcoin Education

First tip is to learn about the Bitcoin Market (Learn Tutorials), those who don't learn the required knowledge from the various tutorials online will not improve their btcusd results no matter how many tips they have read. By not learning bitcoin trading, these traders will keep making the obvious mistakes made by bitcoin novice traders without even realizing what they are doing, CryptoCurrency is a wide topic and in order and so as to make profits a trader will be required to learn bitcoin trading first.

Get a Bitcoin System

Atrade system is a must for every trader, a trading system is used to figure out what bitcoin trading decision to take. A system gives a trader an edge over others who don't have a btcusd plan. A good plan is one that is back-tested ==22==and proven to produce profitable trade transactions. After coming up with your trading system you should back-test it on a Demo BTCUSD ==22==CryptoCryptoCurrency Account.

Learn Bitcoin Equity Management

Learn about The Various Bitcoin Trade Money Management Lessons Tutorials, don't attempt to trade the online trading market if you do not have bitcoin trading equity management rules. The 2 bitcoin trading management lesson that you must learn are:

What is BTCUSD Capital Management

BTCUSD Crypto Equity Management Methods

Learn about Bitcoin Leverage & Margin

If you don't know what is trading leverage & how it works and how it can affect your bitcoin trading margin, then you'll not make any money in the btcusd trading market and you will lose your money in the btcusd market.

Have a Written Bitcoin Plan

A bitcoin plan will take into account all the above bitcoin trading tips and summarize them within one document that you can use to trade the online bitcoin market.

In General

The first goal should be taking your time to really ascertain what your bitcoin trading goals are and how much money you wish to make. Once this is determined then the following three suggestions will help you on your way to start Bitcoin Trading. ==22==It--isIt'sIt--is essential to keep all the three3 goals in mind when executing all of your bitcoin trade positions but at same time this isn't a black & white guide to bitcoin trading success.

The first thing is to remember that you really need to work with short-term trades until you become profitable & know how to properly monitor these trade transactions. You should trade bitcoin short term because this way you can monitor your bitcoin positions and quickly close any bitcoin trading position whose trading signal setup reverses. In order to truly benefit from the system you have to be willing to take up the effort to watch the btcusd trading market to see exactly how long you can keep your money invested in the online bitcoin crypto market. Making short term bitcoin trading investments will help you as a trader to monitor your trades and control all the risks, don't leave orders open when you are away from your PC computer Desktop PC or when you are going to sleep, close all bitcoin trade positions & only open orders when you can keep track of them.

Although it's very important to increase the amount of trade positions that ==22==you--areyou're investing each time that you trade - some bitcoin trading guidelines should to be followed. The general rule of bitcoin trading tends to be never to trade more than two % of your total bitcoin account equity. This of course makes sense when you as a trader have a lot of capital on your bitcoin account but what if you only have a couple of hundreds. Two % of $10,000 equals out to be $200. Even though it's safer to follow this rule it really does not make a lot of economic sense with smaller bitcoin trading accounts. If you are investing on BTCUSD this is when bitcoin trading leverage kicks in to effect and makes all of the difference. In General the more btcusd trading capital you have to invest the better in terms of bitcoin trading equity management.

The final suggestion is taking a bit of time to ensure that you get all of your bitcoin trading details and particulars correct before opening any trade transaction, this will be the best method. Keeping it simple makes just as much sense in this market than anywhere else. Although this may require more time and effort to build up your bitcoin profits it will save you money in the long term.

Trying to keep your thinking as clear as possible will make your bitcoin trading journey easier but knowing when to breakaway from the norm is also crucial. Moving towards the right path will make success that much more easier to obtain & by studying all of the steps and logic you'll be able to continue earning profits. Bitcoin is not hard to learn but a lot of traders lose money quickly due to and because of not taking the proper steps in preparation and learning.

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