What you’ll learn
- Allocating trading capital
- The importance of time preference
- Difference types of crypto trading strategy
Earning crypto requires a trade-off between risk, effort and expectation. Trading crypto has the potential for significant returns but it requires a significant amount of both risk and effort.
Many people will make the mistake of simply opening an account with a cryptocurrency exchange, depositing funds and placing trades, without thinking about the interplay of those three elements.
What it takes to earn crypto from trading
It may seem like an obvious question, but if you are considering starting to trade crypto, the first thing you need is a clear objective. That objective will be a function of:
- the amount of capital & your expectation for it
- your risk tolerance
- time you can commit to learning & managing your trades/investments
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