Unrealistic profit expectation
Unrealistic profit expectation is the common problem for novice traders as they are speculating huge profits without financial calculation with proper tested strategy.
Misinterpreting risk
There are always risks in such type of trading as the market price is not centric to any party because the market forces allocate it. Most of the traders do not have calculative risk and strategies to control.
Untested trading plan
Most of the times, few traders fall trapped with lucrative trading schemes, which leads them to massive loss ultimately. Thus, you should be aware of the trading plan you choose, before implementing in the live account.
Believing rumors
There are some news flashes in the market, which is not real, and traders get trapped while taking entry or exit from the trade.
Unappropriated guidance/reference
A better mentor always generates a better result. However, if our reference or broker is not well equipped for the trading, then it may incur losses for you. Therefore, you must refer valid and genuine links only. Cryptocurrency trading needs to be carried out with great care as it may give excellent result and adversely, it may bring massive loss as well. Therefore, you need extensive research and analysis before placing any order in cryptocurrencies. Moreover, such type of trading concerns high security also. Thus, the thematic content of this blog generates trading tips along with assisting in eluding the general faults. Unicoin DCX is a secure platform which makes easy for you to buy cryptocurrency, sell, and store the cryptocurrency and buy Bitcoin, buy Ethereum, and more.