In order to take trades successfully, you must adopt some additional skills and strategies. If we want to fully realize the objective with which we enter the market, we must follow some basic rules of trading. If you want to be a good and successful crypto trader, you need to follow some basic rules that will help you make the right decisions and make successful trades.
Expertise or experience is very important in the crypto market as you can predict the next movement of each coin. This is of course very important to survive or succeed in the crypto market. Because it is very important to know what the next movement of the coin might be because it allows you to trade correctly and it allows you to have all hands. You may lose your precious money otherwise.
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[source](https://pixabay.com/photos/stock-trading-monitor-business-1863880/)
We usually check the price of Bitcoin. And take trades accordingly. But more important than that is to check Bitcoin's dominance and liquidity. Because if you can review them properly then you can trade very successfully. And you can gain success by trading successfully.
Trading successfully requires certain basic rules that will make you an exceptional and successful trader. For that you must divide the money in your wallet into three equal parts. Which means you have to invest in three different levels. But it must be remembered that you should never trade with full money at once. Invest small amounts in different coins at a few stores and then buy them by dollar cost averaging.
We know that sometimes cryptos become unstable. So you must focus on BTC dominance and liquidity to maintain your portfolio in this volatile market. Because these issues are one of the main topics of crypto trading. Because one aspect you must keep in mind is that when you see Bitcoin's dominance waning, you'll notice that altcoin prices will start to rise. The liquidation heat map shows how much liquidity is available on the chart. As a result, from here you can easily get an idea of where the price of the coins will go.
Likewise, if there is high liquidity on the upside, the price will naturally reverse. And if liquidity goes down, you have to remember that the market will go down to capture that liquidity. Especially those who are successful traders today trade by following this principle. Whales, institutions, ICTs and others always trade in the same pattern. Because of which they are successful. If we can follow these principles properly then we can also complete the trade successfully. As a result we will get a good quality return from it.
To be honest we all want success but we don't look at the basic things that need to be achieved to achieve success. Basically we always want to get profit in less time and with less effort. The biggest truth is that we don't make ourselves experienced but follow someone who is experienced and trade blindly. We don't have the mentality to make ourselves experienced or skilled. But of course to be a successful trader we need some basic skills through which we can profit by trading very easily. And these fundamentals must be accepted by us.
