Module 2.0.0. Trading – a High Risk
Crypto trading is a high-risk venture because of the volatility of the Crypto Market. You stand the chance of losing all your capital with just one trade. Hence, trading of cryptos is often not recommended for a newcomer to the Crypto Market.
Even if you have been in the Crypto Market for a long time, you may still lose all your cryptos in trading if you do not have the requisite knowledge, experience, and emotions of a good trader.
In fact, many cases of scams in the Crypto Market come from trading. Consider this scenario:
After making some profits, a trader becomes quite confident. With such confidence, greed sets in as he decides to take a riskier trading position with the aim of making more profits. With just one wrong step, all the profits he has accumulated are wiped out. If he is trading with clients’ money, he won’t know how to inform his clients about the losses. The next thing is to run away!
This is a common experience in the Crypto Market and you might even have become a victim of this kind of experience.