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Nairaland Forum / Nairaland / General / Can Traders Still Make Profits Both In A Bull And Bear Market? (178 Views)
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Can Traders Still Make Profits Both In A Bull And Bear Market? by Fisher85tow: 6:11am On Nov 22, 2022 |
In many ways, bull and bear markets don't matter to experienced traders, who don't care much about following trends, making money, reaching all-time highs, or measuring performance. Instead, a smart trader is one who can set clear and realistic goals, build and improve an effective trading strategy, and keep an eye on where cryptocurrencies are going. When the prices of cryptocurrencies go up, markets who own them can make money. But what about when the trend is going down? Even in a bear market, experienced traders can make money because crypto doesn't have to go up for you to make money, it just has to move. What should you do? Cryptocurrency pair trading is often called a "market-neutral" strategy because you can make profit no matter which way the market is going. It involves buying and selling two closely related currencies at the same time in the hopes that one will do better than the other. The idea is that you will profit more money if the value of the currency you bought (a "long position" ![]() ![]() This market-neutral strategy works well for investing in cryptocurrencies because their prices go up and down quickly and often. This is only one strategy to do things. You can use other strategies that don't depend on the market when trading in a bear market. You just need to find the one that fits your trader style. Also, traders who have been around for a while know that markets go through cycles. What goes up will always go down, and the same is true for what goes down. With the right knowledge, experience, and trading tools, a crypto trader with a lot of experience will be able to ride out bear markets and make money in bull markets. Even though the markets are falling, this is a great time to stock up on long-term investments. I am appreciative of the fact that you have taken the time to read this. If you have any questions, please ask them in the comments section below. I'll get back to you with the answer to your question.
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Re: Can Traders Still Make Profits Both In A Bull And Bear Market? by durango760(f): 10:34pm On Nov 23, 2022 |
I'm looking for someone to mentor me in options trading. Any referrals? |
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