Last week I overheard a comedian say that crypto is the recent blood money (LOL).
And I don’t blame him. I mean, I watched my friend grow from a thousandaire to a millionaire in the past year from trading crypto.
Honestly, many folks are cashing out big from cryptocurrency trading and it’s not late for you to join in.
Interestingly, making huge profits is not the only benefit of crypto trading.
Read this post to the end to see why you should learn cryptocurrency trading.
Also, I shared some tips on how you can get started.
Are you ready? Let’s jump into it!
Why Every Young Nigerian Should Learn Cryptocurrency Trading
1. Extra Income
This is a no-brainer. Cryptocurrency trading is a sure way to make extra income.
In fact, for some traders, it is their major source of income.
The cryptocurrency market is very volatile and offers very high returns.
If you know your onions, you can earn over 50% return on a coin in a few months.
Rather than complain of unemployment and an unfavorable business environment, Nigerian youths can learn how to and start trading cryptocurrency.
2. Keep Up With Trends
Another reason why every young Nigerian should learn cryptocurrency trading is to keep up with trends.
Believe it or not, many industries are adopting blockchain technology and cryptocurrencies alongside.
Since the launch of bitcoin, the first cryptocurrency, adoption has only been on the increase.
What does that tell you? Cryptocurrency trading is the future of finance. The earlier you get on board the better.
3. It’s A Skill
Need I say more? Cryptocurrency trading is a skill. One that will boost your earning power.
See? If you learn it well, you will not only make money trading for yourself but people will pay you to trade for them or teach them to trade.
And I’m not talking about ‘any-how’ people o but those that can spare huge sums to trade crypto.
Additionally, Linkedin and Stack Overflow surveys show that Blockchain ranks among the top skills that employers have been looking for in the past three years.
Therefore, learning cryptocurrency trading will give you an edge in the job market.
Now, how cool is that?
4. No Limits
If you own a shop, you know how frustrating it can be when you have to lock up even when you still have stuff to do.
With cryptocurrency trading, that’s not a problem at all. The market is open 24 hours a day, seven days a week.
No centralized governance controls the market. Trading goes on between individuals, on cryptocurrency exchanges all over the world, every minute.
Furthermore, the cryptocurrency market is liquid because transactions are dispersed across multiple exchanges.
And as such, even small trades can have a huge impact on market prices. So cool!
Moreover, you can choose to trade either long-term or short-term.
Both options are profitable and there are several platforms that will help you meet your trading goals.
You can take advantage of crypto markets that are falling in price, as well as rising.
Gladly, cryptocurrency trading enables you to connect with other crypto gurus thereby expanding your network.
6. The More You Know, The More You Earn
Earlier, I mentioned that people have become richer from trading crypto.
But that’s only one side of the story because there are some who have lost fortunes in crypto too.
How come? They didn’t understand the market. Always remember that cryptocurrency trading is not gambling.
To reap the profits you desire, you must take your time to study cryptocurrencies and their behavior.
There is a lot to learn; market corrections, massive liquidity levels, the tokens market’s particularities, and so on.
So, the more you understand the market, the more profitable it gets for you.
Moving on, I’ll give you some tips on how to learn this skill.
How To Learn Cryptocurrency Trading
Here are a few ways you can learn crypto trading:
a. Register with an academy that provides courses on Cryptocurrency Trading
A good example is CTMastery.com, an academy that provides comprehensive courses that will take you from a beginner to a pro in crypto trading.
Also, on this blog, www.nigeriabitcoincommunity.com, you’ll gain more insight into the blockchain, coins, and exchanges.
b. Identify with a crypto community like ‘Inside Crypto’ on YouTube to stay updated with trends.
Another good one is TradingView, where analysts share their trading ideas.
c. Get a mentor (follow who know road😊). Jude Umeano is a top Nigerian Crypto trader that you can learn from.
You’ll find him on YouTube.
d. You can also learn from experience. But ensure you’ve learned the basics before you venture into trading.
Cryptocurrency trading comes with both wins and losses.
The goal is to have a positive win/lose ratio where your wins are more prominent than your losses.
Endeavor to stay on top of your game; manage your risks, keep training and follow the markets, news, and crypto experts/influencers.
Cryptocurrency trading is a worthwhile skill. It will fatten your pocket and increase your network.
I hope you take the bold step to learn it.
Here’s a quick way to start 👇