What is the recommended amount to risk per trade in the cryptocurrency market?

1 answers

• Mar 15, 2022 · 3 years ago
  At BYDFi, we recommend that traders risk no more than 2-5% of their total capital per trade in the cryptocurrency market. This allows for potential profits while also managing the risk of significant losses. It's important to have a well-defined risk management strategy in place and stick to it. Remember, the cryptocurrency market can be highly unpredictable, so it's crucial to set realistic expectations and not get carried away by the hype. Always do your own research and make informed decisions based on your own risk tolerance and investment goals.
  556278