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Understanding The Risks To Crypto Trading And How To Still Profit From It - Business - Nairaland

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Understanding The Risks To Crypto Trading And How To Still Profit From It by ProCryptoTrader: 2:34pm On Feb 25, 2021
It is no more news that the Central Bank of Nigeria (CBN) has placed a restriction on banks, which prevent them from facilitating crypto transactions.

A number of reasons were given for this restriction. CBN says it is looking out for the nation's economy as well as investors.

I'm not here to critic or support its decision, but intend to take a deeper look into the crypto trading space, outline the most obvious risks, and offer suggestions on how to profit from it.

If there's any crypto trading risks that you want us to look into, why don't you post it in this thread?

If not, simply let us know that you're following the thread.


DISCLAIMER - Crypto trading is a high risk business that could lead to the loss of your funds. The contents of this thread isn't intended to serve as investment advice but to offer information on the said topic.
Re: Understanding The Risks To Crypto Trading And How To Still Profit From It by ProCryptoTrader: 3:43pm On Feb 25, 2021
ProCryptoTrader:
It is no more news that the Central Bank of Nigeria (CBN) has placed a restriction on banks, which prevent them from facilitating crypto transactions.

A number of reasons were given for this restriction. CBN says it is looking out for the nation's economy as well as investors.

I'm not here to critic or support its decision, but intend to take a deeper look into the crypto trading space, outline the most obvious risks, and offer suggestions on how to profit from it.

If there's any crypto trading risks that you want us to look into, why don't you post it in this thread?

If not, simply let us know that you're following the thread.


DISCLAIMER - Crypto trading is a high risk business that could lead to the loss of your funds. The contents of this thread isn't intended to serve as investment advice but to offer information on the said topic.

Here's a list of my top 10 crypto trading risks

1 - Market volatility

2 - Security of trading funds

3 - Margin trading

4 - Integrity of Crypto trading platform

5 - Keeping your emotions in check

6 - Absence of trading strategy

7 - Trading under pressure

8 - Inadequate funding

9 - Trading the noise

10 - No trading experience

In the coming days we will deal with all the risks outlined above.

Keep following the thread.

(1) (Reply)

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