What are the best cryptocurrency trading strategies for beginners according to Jillian Cohn?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! When it comes to cryptocurrency trading strategies for beginners, Jillian Cohn suggests starting with a solid foundation of knowledge. It's important to understand the basics of blockchain technology, different types of cryptocurrencies, and how the market works. Additionally, she recommends starting with small investments and gradually increasing them as you gain more experience and confidence. It's also crucial to stay updated with the latest news and trends in the cryptocurrency market to make informed trading decisions. Remember, patience and discipline are key in this volatile market.
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• Dec 17, 2021 · 3 years ago
  Alright, here's the deal. If you're a beginner in the world of cryptocurrency trading, Jillian Cohn advises you to focus on a few key strategies. First, she suggests starting with a long-term investment approach rather than trying to time the market. This means identifying promising cryptocurrencies with strong fundamentals and holding onto them for the long haul. Second, she recommends diversifying your portfolio to spread out the risk. Don't put all your eggs in one basket, as they say. Finally, she emphasizes the importance of setting clear goals and sticking to your trading plan. Don't let emotions drive your decisions. Stick to the strategy and stay disciplined.
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• Dec 17, 2021 · 3 years ago
  According to Jillian Cohn, a cryptocurrency trading expert at BYDFi, the best strategies for beginners involve a combination of technical analysis and risk management. She suggests learning how to read charts and identify patterns that can signal potential price movements. Additionally, she advises setting stop-loss orders to limit potential losses and taking profits at predetermined levels. It's also important to stay updated with market news and sentiment to make informed trading decisions. Remember, the key is to start small, learn from your mistakes, and continuously improve your trading skills.
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