How to set up a sub-account on Huobi Global
Using one account for all your trading activities can be confusing. For example, you may want to HODL some of your tokens in one account and… Read more
How to use point cards on Huobi Global
Have you received point cards in your Huobi account but are unsure what to do with them? In this lesson, we cover what point cards are,… Read more
How to view your trading activity on Huobi Global
1. You can see your trading activity in the Position Zone located at the bottom of the Huobi Futures trading interface. You can move between the… Read more
How to earn more tokens with Huobi Wallet
Staking on Huobi Global enables you to participate in proof-of-stake (PoS) protocols while earning significant passive rewards. However, as the threshold for participating in DeFi products can often be high,… Read more
Play-to-earn games: Making earning fun
Anyone who has ever told you not to waste your time playing video games may very well change their tune once they learn about play-to-earn (P2E)… Read more
What are the different account types on Huobi Global?
Huobi Global enables its users to access various crypto-related financial services through separate accounts. Traders use the different accounts to divide responsibilities and manage transactions more… Read more
How do I withdraw assets safely from Huobi Global?
Withdrawing assets from Huobi Global is simple. If you haven’t done it before, you can use this lesson as your guide. We will use USDT to… Read more
5 simple habits to keep your Huobi account safe and secure
Huobi Global is known for its strict security measures. But just as technology is constantly evolving, hackers keep finding ever more sophisticated ways of accessing users’ accounts… Read more
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 every kind of investment, crypto investing… Read more
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 bitcoin and altcoins that will affect… Read more
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 overwhelming for a beginner to start.… Read more
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: With Manual Settings, investors can adjust the ‘quantity of grids’ that will affect the profit margin per grid. More grids = lower profit margins, fewer grids = higher profit margins. 2. Huobi Earn Huobi Earn is a high-yield savings account where you can deposit your cryptocurrencies and earn interest. This is a great way to earn passively as it requires no trading, maintenance or fees. Investors can select from a wide range of cryptocurrencies that Huobi Earn supports and by depositing cryptocurrencies, investors will earn an interest. As interest is earned, investors can opt for it to be automatically compounded back or accumulated into their exchange wallet for selling. There are also options for higher interest, though they come with a minimum lock period. You can choose a flexible account from which you can withdraw any time, or a special featured account for when new coins are introduced onto the platform. 3. Huobi Prime Pool… Read more