5 Risk Management Strategies
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5 Risk Management Strategies
Minimize your cryptocurrency trading risk with 5 proven strategies: 1% rule, stop-loss orders, diversification and hedging, DYOR, and more.
Consider the 1% rule
When engaging in crypto trading, it's important to consider the 1% rule, which suggests risking no more than 1% of your trading account on any single trade
Set Stop-loss
A stop-loss order is a key risk management strategy in crypto trading, allowing you to define a predetermined maximum loss by selling your asset automatically if it hits a certain price level.
Diversify and Hedge
Diversifying and hedging are crucial risk management techniques in crypto trading to mitigate market volatility and reduce portfolio risk.
