Keeping informed is undoubtedly essential for anyone who in one way or another operates in the market, but that need to keep upd

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Keeping informed is undoubtedly essential for anyone who in one way or another operates in the market, but that need to keep updated becomes a problem with dire consequences when so much information exceeds our capacity for objective analysis and creates more doubts than confidence in how, when, where to operate. With all the news, rumors and data circulating about cryptocurrencies, it is easy for many investors to feel overwhelmed, experienced successful traders are well aware that some of the most common pitfalls are due to information overload and quick decisions.

Over-information, not to be categorical, is one of the biggest mistakes cryptocurrency traders make when trading the market and can lead to a lack of objectivity and poor practices that as a result cause investors to lose money following "hot opportunities". Not stopping to study and understand the dynamics of the cryptoasset market and trading strategies, even if they are too complicated at some point, can lead to unconsciously falling into the "herd mentality" as a result of the indiscriminate promotion of all kinds that we find on social networks. This can be especially detrimental to new cryptocurrency investors, as they may end up losing their investments and motivation to continue.

It is important that when you "launch" into trading the market you bring your own trading strategy and stick to it, rather than trying to trade by the news, we are friends with the market but the market is not our friend, the market exists to take our money, those who have the power over the media in one way or another are going to try to manipulate it.

Using a countless number of indicators is another blunder, focus on only a few indicators that are part of that strategy that you must have already tested, having too many indicators bring more doubts than answers when some enter in contradiction with others, it will only bring confusion and profit dilution, ending up analyzing an infinite number of variable will only cause you to miss the opportunity to have a winning entry, we always end up thinking "... I should have entered ....." when it is already too late.

Tradingview is a great tool to help traders understand the market and develop their initial trading strategies. Paper trading is another great way to develop beginning traders without having to use real money. Specializing in cryptocurrencies can help beginners better understand the product and identify patterns and indicators that can help them develop a very simple system for making profits. Resources like these platforms can be invaluable for new users trying to make informed decisions about their investments. If you are a new investor hold on tight, it's going to be a wild ride!..... but WONDERFUL!

Another aspect that many confuse when looking for information to operate in the market is that the news are not fundamental (referring to fundamental analysis), can that news "X" be part of a fundamental but never the fundamental itself. The over-informed trader loses focus, loses the overview of the market leading him to make even riskier trades, as a result of these mistakes, many traders have lost money and end up making "revenge trades" that have cost them a fortune due to their emotional nature.

Panic buying and selling because "what if "that one said", "what if the other one stated" is a theme that many investors and traders have shared stories about. Relying too much on technical indicators, news and other sources of information, instead of taking basic steps to manage risk and capital will only lead to irrational decisions that can cause you to make consistently losing trades.

Thinking "...is that I was not lucky..." when we operate in the market is the beginning of a bad way, do not overinform yourself, for you to earn money in the market someone else has to lose it, do not fall into that "herd mentality" that I spoke to you previously, do not let yourself be manipulated by those who create and control the market. Adopt, if you feel it necessary, a more conservative approach, focus on technical indicators and long term investments, avoid revenge trades and panic buying/selling. Good Profit.

Related to the links, what is marked in parentheses are the invitation or referral codes that in some cases are necessary to receive the reward or bonus. The promotions offered by the different tools, applications and platforms tend to vary over time, I recommend that you do your own research.

Some of the best Hardware Wallet or Cold Wallet: Remember that it is one of the few places where your cryptoassets will be truly secure.

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Some tools:

  • CoinMarketCapNELT6UUC) - The world's most recognized website for monitoring crypto asset prices with several very interesting sections (Indispensable tool for traders).
  • TradingView- Charting platform and social network (Indispensable tool for traders).

Some cryptocurrency exchanges (Uncensored):

  • StormGainBNS16466839) - Very useful especially for beginners because they can start without investment and without risking their own money. Upon registration you receive a bonus of . The capital is acquired with the Bitcoin Cloud Miner. Go to the Bitcoin Cloud Miner section, click the green Activate button to get your first mining reward, repeat the operation every 4 hours, withdraw when you reach $10 (in BTC). The capital obtained in mining will be used only to invest in the platform, the profits obtained by the operations if they are withdrawable to the portfolio of your choice.
  • QuantFuryJRRU2593) - After registering, you receive free cryptocurrencies or a share of a company (such as American Airlines, Uber, Apple or directly Bitcoin or Ethereum) worth up to
  • ) - Upon registration you receive a bonus between , non-withdrawable, only for trading, valid for 6 days, profits are withdrawable to the portfolio of your choice.
  • rBPYVZS) - After registering on the platforms you begin to receive different types of bonuses.
"You will ask yourself: And if I take a risk and lose...? I will ask you: AND IF YOU RISK AND WIN? Success begins with thought, because sooner or later the man who wins is the one who believes he can do it. Do not be afraid of mistakes or failure, winners are not afraid of losing, losers are, in most cases the risk comes from not knowing what you are doing, so trust yourself, learn, be patient, manage your emotions and above all, enjoy the journey, what the wise man does at the beginning, the fool does at the end" - Anonymous.
Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.

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