Be aware of risks associated with crypto investing
Crypto investing has become a globally-accepted market and a very popular way to trade and invest profitably. However, as with […]
Should I buy bitcoin or altcoins?
Choosing between bitcoin and thousands of different altcoins can be overwhelming. There are several key differences in the characteristics of […]
Crypto Investment Strategies for Beginners
Investing in cryptocurrencies can be a daunting task. With so many different tokens, exchanges, and instruments available, it can be […]
Do I Need to Trade Actively to Make Money with Crypto?
Daytrading is a strategy where a trader buys a cryptocurrency at a low price and sells it for a higher price within a single day. This allows traders to capitalize on small price movements in the market by using high amounts of leverage, as well as short-term trading strategies. This method can yield gains of 10% to 100% or sometimes even more, depending on when the token was bought and which factors caused the price movement to occur during that period. However, according to a study by the University of California, only 1.6% of traders were profitable after fees. Due to daytrading’s low success rate, many financial advisors instead recommend the ‘buy and hold’ method, which has proven to be successful for many traders. In simple terms, traders aim to time the market by buying crypto at the lowest price possible, then selling it at the highest price possible. The day-trader is often lured by potential gains but it’s worth considering that impatience, inexperience and plain over-excitement can increase risk and potentially lead to steep losses. Well-known investor Peter Lynch once said, “Far more money has been lost by investors trying to anticipate corrections than lost in the corrections themselves.” The pitfalls of day-trading Informed decision-making is paramount and applies to all aspects of investment. It’s important to weigh the good, the bad and the ugly before taking any action. Day-trading may sound exciting and fun, but very few want to actually acknowledge the pitfalls involved. Let’s use gambling as an example; the guy in the pub loves talking about his big win at the horse races last week but somehow fails to mention his losses over the past year. Similarly, a trader who has experienced the high of making big money that one time will have no issue discussing the trades that led to his financial gain, but will often leave out details of his ‘failed trades’ or trades that resulted in financial loss. On top of that, day-trading requires high capital or leverage so traders can maximize profits. It also requires close attention and an in-depth knowledge of the market. These things are by no means impossible but must be considered carefully prior to engaging in any trade. One must also take into account the emotional and psychological aspects of trading. If or when trades go south, there is expectedly a natural impact on the trader’s thoughts, feelings and behaviour. We are human, after all. This can lead to more mistakes and that’s where the slippery slope starts, often involving making hasty decisions in a desperate attempt to recover any losses. Many big fund houses and fund managers shy away from day-trading due to the risk involved, and because the risk-to-reward ratio just isn’t attractive enough for them. Furthermore, the fees incurred can be pretty high as well. For example, if a trader makes 10 trades a day with a $10,000 capital, each trade has a 0.2% fee for both taker and maker. This equates to: $10,000 x 0.2% = $20 $20 x 10 = $200 A total of $200 will be spent on fees, using up roughly 2% of the capital. Alternatives to day-trading Day-trading is not the only way to earn money in the crypto space. By using tools like Huobi Earn, Huobi Prime Pool or Huobi Grid Trading, investors can lower the risks involved and still make a decent amount of passive income. 1. Huobi Grid Trading Huobi has a grid trading function that enables investors to plan, buy and sell prices for different cryptocurrency pairs. This function removes the emotional aspect of trading as investors are not involved in the buying and selling process, therefore reducing the chances of making mistakes. Investors can either use an AI bot — which automatically plans the prices between grids —or manually key in the parameters they have in mind. The benefits of this include: […]
Why choose to invest with Huobi Global?
Massive value growth 1. Massive value growth One of biggest reasons why people invest in crypto on Huobi Global is the huge growth of value in the crypto market in the last 10 years. $1,000 invested in Bitcoin 10 years ago is worth about $20 million today. While Bitcoin itself may not see the same growth rates in the future, many new tokens can give returns of 500% or 1,000%. The total market cap of the crypto market grew 6 times between November 2020 and November 2021 from $500 billion to over $3 trillion. Compare this to the NYSE, which has returned about 8% returns on investment every year. 2. Easy accessibility Crypto exchanges and services like Huobi Global are much more accessible than traditional banks. There are no fees, queues or forms, and you can do it all online and through the Huobi mobile app. You only need to provide an email and phone number to create an account, and user ID verification with an appropriate ID document can be completed within days or hours to give you full access to Huobi Global’s services. 3. High security Huobi Global is one of the world’s earliest crypto exchanges and has been helping people trade securely since 2013. Our security systems have been effective at preventing hacks and other incidents, and we are proud to say that our users have never suffered from any financial losses due to platform security issues. On top of all this, Huobi Global has devoted millions of dollars towards a fund to insure our users against this type of hacking risk. 4. Low fees Huobi Global offers some of the lowest trading fees on the market. The fees for normal users on our spot exchange are just 0.2%, meaning that our users get to keep more profits for themselves with every successful trade. Our P2P marketplace charges zero fees, so you can use your preferred payment method to buy and sell crypto for fiat in our own local currency. Many banks charge monthly fees, transaction fees, ATM fees, and fees to have a bank card. 5. 24/7 markets Unlike stock markets that open and close according to the timezone they are in, crypto markets are open 24/7. That means it is easy to trade no matter what timezone you are in, and no matter what day it is. 6. Constant industry growth The crypto industry is always growing and adding on new and exciting investment opportunities, often with very dynamic growth potential. Bitcoin launched in 2009, and Ethereum introduced smart contract functionality in 2015. DeFi became mainstream in about 2019, and NFTs, GameFi, and blockchain metaverses were hot topics in 2021. 7. Global market Investing with Huobi Global gives you access to a global market without borders. You can trade, form communities, and make profits with people from all over the world, without experiencing cross-border delays, long waits for your payments to clear, or exorbitant foreign exchange rates. Moreover, crypto is not subject to any one nation’s economic policy decisions and risks, but tracks the global sentiment of supply and demand as a whole. 8. Diversification of risks The saying goes: don’t put all your eggs in one basket. Getting into crypto investments means that you will be able to diversify any investments you already have. While stocks, bonds, property, and even holding on to fiat cash are all valid investment choices, adding crypto to your holdings means that you will be less likely to lose all your money in a single market event. 9. Privacy Huobi Global keeps your personal and account information private and secure. You alone are responsible for managing your personal information and financial information. New to Huobi? Register for a Huobi account and receive a ‘Welcome Bonus’ to help you start your investment journey! If you’re an existing user, check out Huobi Earn, where you can start earning interest from your idle cryptocurrencies!
Huobi OTC Now Supports Multiple Fiat Currencies Block Trades
Huobi OTC Desk now supports block trades with fiat currencies (USD/EUR/GBP/AUD/CAD/CHF/HKD/JPY/SGD) and crypto (USDT/USDC). Stay for three minutes and learn […]
Huobi supports Dominica’s Digital Identity Program to Promote Dominica’s Digital Economy
Roseau, Dominica / March 6, 2023/ Huobi announced a partnership with TRON and DMC Labs to support the launch of […]
View and Transfer Your Assets
Go to Rewards Hub to win up to 5,672 USDT rewards! >>Web click here >> APP click here Open your Huobi App and tap Assets at the bottom right corner of the homepage. On the page top, select the currency (e.g. USD) you want to view in detail, then the asset details of this currency will appear on this page. If you need to transfer funds between your accounts, tap Transfer. To transfer funds, just select the source and target accounts, enter the transfer amount, and then tap the bottom button Transfer.
How to Trade Spot on Huobi
>>Web click here >> APP click here >>Spot Trade now Web 1. After you have logged in to your Huobi account, click “Trade” on the bottom of the main page, and click “Spot”. If you want to get your order quickly fulfilled, you can place the order at market price by clicking “Market Order” and enter an order amount. Your order will be fulfilled at the best market price.
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