Skills of a Successful Trader in 2023 | Use Benefits of Trading on Biswap! – 🌐 Biswap News Portal

Hi, Biswappers! Robi is in touch✌️

The crypto market can be described in the following words: you are standing on a thin rope between the two tallest skyscrapers, and you don’t know where the next gust of wind will sway you. So not to become a lame duck and to stand confident on the rope, I’ll give some valuable tips. Let’s start!

What Skills Make You a Successful Trader?

How many successful traders do you know? And who is your favourite one? Are they just full of luck, or do they have psychic powers? Maybe… but I have confidential information that they boosted the following abilities!

🔍 #1 Sherlock’s Strategy

Imagine that you are playing chess with the most unexpected opponent and need a strategy and plans for all the letters of the alphabet. It is similar in the crypto market. To stay afloat, you must consider every step and contingency to adapt to its conditions. Think like Sherlock, earn like a tycoon!

🔥 #2 Passion for Analysis

Or just good math skills. To predict prices in the future and invest profitably, you need to deeply analyze financial data, trends and patterns of the crypto market. Based on this research, it’s necessary to make a specific conclusion that will help you avoid risks in the future and have an idea of further price movements.

🦠 #3 Immunity to Risks

Or readiness and awareness of possible consequences. As I have already mentioned about the rapid changeability of the crypto market, prices change every second. To protect yourself from unexpected financial losses, use stop-loss limits. Set the asset’s cost in advance and minimize the loss of funds and your nerves.

🤳 #4 Self Research

Ready-made articles about research, which you can often come across, may not correspond to reality, misinform and confuse a trader. One of the essential habits of a confident trader is an independent search for information and market analysis. Before building a strategy:

📎 Analyze all the factors affecting price movements: economic, geopolitical, market fluctuations, and changes in interest rates.

📎 Remember that a trader needs to rely on his knowledge, as their lack can lead to considerable losses.

📎 Always DYOR and expand your knowledge!

🛡 #5 Resistance to External Impact

Traders are highly exposed to working under psychological pressure and stress. Artificial psychological manipulations control the crypto market to achieve a specific goal. One such manipulation is FOMO (Fear of Missing Out). Since our emotions control us, we must prepare for this and develop mental stamina — a key to solid strategies and a significant income!

Exchange Benefits for BSW Holders!

By the way, I’d like to refresh your mind and tell you the advantages and updates of the Biswap exchange! Now you can swap via expanded options:

⚙️ Dollar Equivalent Section
⚙️ The Percentage Slider
⚙️ Pinning your favourite tokens
⚙️ Expert Mode for advanced users

Try out the renewed Exchange Page and enjoy lucrative benefits:

⭐️Low exchange fees starting from 0.1%
⭐️Up to 50% Fee Return
⭐️Buying crypto with fiat via Mercurio and Binance Connect
⭐️Quick & Safe transactions (CertiK Audit, GitHub, SAFU)

Summarizing thoughts

The crypto market is a test of the endurance and skills of every trader. And an important factor is perseverance and the desire to earn successfully. To stand on a tightrope between two skyscrapers or to defeat an opponent in chess requires constant practice and a passion for self-improvement. Boost your skills with Biswap in 2023!