In 2017, Apple co-founder Steve Wozniak received more than 2500% profit from the sale of his bitcoins at a rate of about $ 20,000. And all because a little over a year ago he managed to buy them for $ 700.
When choosing a trading strategy in the cryptocurrency market, a trader should proceed from his trading experience, personal qualities of character, the size of the deposit and the availability of free time to complete transactions. The more strategies a trader is familiar with, the richer his experience, and the more profitable situations he is able to see in the market.
For market participants, the psychology of trading and free crypto signals is especially important, which shows the methodology, technology, principles and direction of the “movement” of a trader in any of the financial markets. Possession of knowledge in this industry allows a trader to achieve maximum results.
Trading in both the foreign exchange and cryptocurrency markets is not limited to the ratio of the US dollar to other currencies or cryptocurrencies.
Having become one of the main tools for analyzing the market situation in the stock market, the Elliott Wave Theory has also become widespread among traders working in the foreign exchange market. The main reason for the high interest of forex traders in wave analysis was its fundamental principle, described by Ralph Elliott in his book The Wave Principle, published in 1938.