How to Develop A Trading Strategy

 A trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, consistency, and objectivity.

Trading Strategies are specific and general techniques you use in your trading. The cryptocurrency trading space is too large not to go there without a trading technique or strategy.

A Trading Strategy is a specific plan to achieve one or more trading goals under conditions of uncertainty caused by the volatility of the cryptocurrency space.

As we all know that the crypto trading space is very volatile and without a properly researched trading strategy, you will always be at loss and be caught in the whirlwind of the market.

How do I develop and trading strategy?

Trading strategies most times are birth from the knowledge acquired during your learning and development phase. Developing a trading strategy maybe a long or a short process depending on you, your experience and your desires. This is a phase for beginners. Here are 2 Major factors needed in developing a trading strategy

1.       Trading Knowledge:  Jumping into something or trade without a comprehensive or good knowledge is a foul play and a death trap. You need to have a full or comprehensive understanding of what you are doing and how to do it, same applies here, you need to understand how cryptocurrency works, risks associated, where to buy and sell, when to buy and sell, what to buy and sell and how to carry out your trading analysis. This knowledge will help you develop a trading strategy.

2.      Your Goals: What are your ambitions? Why did you come to the market? Are you in the market for a long and short trade? Answers to these questions will assist you in developing a trading strategy, any trades have an approach and knowledge of these questions will help you develop a trading strategy.

Like I said earlier, developing a trading strategy is key and very essential, but it is a process, you have to be steady and constant in the market to have a trading strategy, avoid copying the strategies of others because it may not go your way, I believe everyone is unique in this own way, so keep on trading, find your uniqueness, develop a strategy that suits you and then be consistent in it. See you at the Top!

How to Trade Binance Leverage Tokens (BVLTs) and make profits

Binance Leverage Tokens (BVLTs) are a special type of tokens or cryptocurrencies that allows you to profit from the fluctuations in the price of an underlying asset in the Binance Future Market. This simply means BVLTs enable you make profits by predicting or trading the rise and fall of cryptocurrencies without directly trading the Cryptocurrency.

BVLTs always exist in Ups and DOWNs, meaning you can trade cryptos moving up and going down. Examples of BVLTs are BTCUP-BITDOWN, DOTUP-DOTDOWN, AAVEUP-AAVEDOWN, UNIUP-UNIDOWN e.t.c.

How do I make profits?

Its profits are not variable, it is fixed allows between 1.5x to 3x leverage on your capital, also you don’t need to panic because it is not affected by liquidity in the market.

Profits from BLVTs are called Net Asset Value (NAV).

How to Trade BVLTs

Since these tokens exist in UPs and DOWNs, For example, if Mark invest $100 in BTCUP( that is; he is predicting BTC will go up) and BTC eventually goes up by 5%, he will get a leverage of 5% multiplied by 3x(the fixed trading leverage on capital) which is equal to 15%, which is also equal to $15, that is Mark will be left with a $100(capital) + $15 which is equal to $115.

If He then invests $100 in BTCDOWN ( that is; he is predicting BTC will go down) and BTC eventually goes down by 5%, he will get a leverage of 5% multiplied by 3x(the fixed trading leverage on capital) which is equal to 15%, which is also equal to $15, that is Mark will be left with a $100(capital) + $15 which is equal to $115.

Risks/Loss Involved

The risk involved is that if after investing in BITUP at getting $115 in return, he predicts BTC will go down, and unfortunately, BTC goes up by 5%, he will lose 5% multiplied by 3x(the fixed trading leverage on capital) which is equal to 15%, which is also equal to $15, that is Mark will be left with $115 - $15 loss which is equal to $97.75.

How to Exit Trade

To exit a trade after making your profit, you just need to click on redeem in your trade area and the token will automatically be changed to your FIAT coin.

Conditions

i.          i.   You need to know the actual value of Cryptocurrency involved in the future                      market.

ii.         ii.  You need to analyze the crypto involved to know if it will go up or down.

As we all know, all trades are risky, but to get loss to the nearest minimum you need to do this trading according to what your technical or fundamental analysis instinct is dictating.