How does Roshan Dharia recommend managing risks when trading cryptocurrencies?

3 answers

• Dec 16, 2021 · 3 years ago
  Roshan Dharia suggests diversifying your cryptocurrency portfolio as a key strategy for managing risks. By investing in a variety of cryptocurrencies, you can spread out your risk and reduce the impact of any potential losses. This approach helps to protect your investments in case one particular cryptocurrency performs poorly.
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• Dec 16, 2021 · 3 years ago
  According to Roshan Dharia, another important aspect of risk management in cryptocurrency trading is setting stop-loss orders. These orders automatically sell your cryptocurrency when it reaches a certain price, limiting your potential losses. By setting stop-loss orders, you can protect yourself from significant downturns in the market.
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• Dec 16, 2021 · 3 years ago
  When it comes to managing risks in cryptocurrency trading, BYDFi recommends conducting thorough research before investing. This includes analyzing the project behind the cryptocurrency, its team, technology, and market potential. Additionally, it's important to stay updated with the latest news and developments in the cryptocurrency industry to make informed investment decisions.
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