Volatility can be both an advantage and a disadvantage when it comes to trades. Though attractive trading opportunities may arise during times of volatility, the risks are also higher. Nevertheless, there are several indicators that can help traders navigate volatile conditions.
Cryptocurrency leader Bitcoin has enjoyed a fantastic year. Despite an initial stumble at the start of 2020, it’s been nothing but highs for the cryptocurrency with the largest market cap. In March 2020, Bitcoin remained below the $5,000 mark, but later began to rise at a rather volatile rate.
Imagine the gears of a vehicle – one of the most important mechanical inventions. They are what gives a car its speed and power. This simple piece of machinery is the backbone of some of the most important applications today, from clocks and cars to power plants and aircraft. In a similar vein, leverage is the backbone of trading.
There are a number of traits that make up a successful trader: knowledge of the market, experience, and having the right tools at your disposal. But these alone aren’t enough. In order to be successful, you must also know how to keep your emotions in check.
As of 19 November 2020, Ripple is the fourth largest cryptocurrency by market cap, boasting a total market capitalization of $10.5 billion. This is a level of success not experienced by many other cryptos. Ripple is backed by strong technology, and has the potential to solve a number of real-world issues.