In the last years, investing in digital currency was easier than it is today due to the low number of traders and the little news and information in this field. Nowadays, with increasing in the price of these crypto currencies and the spread of deceptive news about it, many traders are attracted to this exchange to trade and earn big profits by buying Bitcoins. Most of these exchange make irreparable mistakes and suffer heavy losses due to lack of information and experience in the field of digital currency trading and may lose their main capital in this way. So you attract traders to your exchange is. In the following, we will examine the most important ways to attract traders to your exchange so that by using these ways, the possible losses of traders can be somewhat prevented.
Mistakes of traders before entering the crypto currency market
Most traders start making mistakes before entering the crypto currency business. These mistakes of traders can discourage them in general and take them away from this area. So you must know these mistakes to attract traders to your exchange.
1-They start buying Bitcoins with money that they cannot afford to lose
Bitcoin trading , like any other market, fluctuates. Throughout the history of digital currencies, capitalists and traders have seen many positive and negative emotions. Some people have made large investments in this way and many people have lost large sums of money along with them.
Markets are not always fluctuate and may have a steady and positive trend for a long time; but an irreversible negative emotion can destroy all the capital and perhaps the profit you have made so far. When buying Bitcoin, you should know that this market, like other capital markets, has its own ups and downs, and you may suffer a lot of profit or a big loss in a short time.
So the most logical way to attract traders to your exchange is that tell them not enter this risky market with money and capital that plays an important role in your life and losing it can make your life difficult.
2-Without knowledge and program, they start buying Bitcoins
In this program, specify the amount of capital you can work with and select specific hours for the activity. Also, specify your path and goal in general.
You do not need to be a professional at the beginning to know everything; but you should have some knowledge of general concepts and be relatively familiar with market behavior. If you start without any knowledge in critical situations because you do not know the fluctuations, you cannot make the right decision.
Gaining too much information and research can also be problematic. This will make you think that you know all the ins and outs and that you can trade without any hassle. But until you gain experience and determine your strategy, the path to success will not be smooth for you. There are many things to learn in the market.
3-They are looking for a shortcut to make more money
There is no way in the world of economics to make people rich overnight. Bitcoin is not a giant magic lamp. Most novices expect to earn a huge income and solve all their financial problems in a very short time with very little capital.
One of the main factors that have created such perceptions in people is the virtual world and people who in this context are exaggeratingly promoting this emerging field of economics. They create the belief in the minds of traders attract traders to your exchange who have just entered the market that buying Bitcoins can change their financial situation overnight. To attract traders to your exchange you must get rid of them from these imagines.
4-They do not know the extent of the damage
Many traders continue a negative trend occurs. Because they think it’s a temporary process, but the right way to attract traders to your exchange is that tell them use the stop tool for damage, get out of that deal and give themselves a break. The sooner they apply this process, the sooner the loss will stop. But try not to take long breaks until the next deal. In other words, the damage should not paralyze them.