Bybit is happy to announce a new series of educational tutorial videos in collaboration with renowned crypto trading analyst Jacob Canfield. Over the course of the next couple of months, Jacob will talk about various aspects of crypto trading strategies. In this video, he talks about the importance of mastering risk management in trading.
You can find the full video below, but here is a rundown of some of the main points Jacob talks about in the video.
Psychology vs. strategy
The importance of both psychology and strategy to trading, and how ultimately, one is more important than another.
Why margin trading?
How margin trading can be both fun and profitable, but also the potential risks involved.
The key advantages of Bybit
What features really set Bybit apart as a cryptocurrency derivatives exchange.
Sticking to rules
The importance of making rules when trading and sticking to them.
The key aspects of risk management
Taking us through some of the fundamentals of risk management, including advice on margin trading, risk per trade, position sizes, and the ’80/20 rule’
Check out the full video from Jacob here:
* This content does not represent the views of Bybit. As such, it should be not be seen as trading and financial advice, it is merely an opinion. Trading is done at your own risk.