As cryptocurrencies continue to grow in popularity, several traditional investors are now considering stepping into this nascent space. And with crypto mining being a capital-intensive venture, many prefer trading since it is an activity that requires little capital to get started. However, as a beginner, you need the right skill set and guidance to become successful. In this guide, we will discuss why it is important to seek expert guidance. We’ll also reveal the top crypto traders you should consider following on Twitter to give you market insights.
The Need for Expert Guidance
The cryptocurrency market is known for its high volatility. This means traders can lose all their money just as fast as they earned it. However, while you continue equipping yourself with the right trading skills, you can minimize the chances of not blowing your account by seeking guidance from seasoned traders. Such individuals have spent several years sharpening their skills and are now providing beginner traders with trading tips to become profitable as well.
While some expert traders provide trading tips on all cryptocurrencies, others are focused on specific digital assets. Nonetheless, the information they give can help you enter the market more confidently. The best part is that these traders do not charge you for their advice.
Here are the seasoned crypto traders to follow on Twitter:
Now that you know the importance of seeking expert guidance, it is time to take a look at some of the leading cryptocurrency traders that share trading tips on one of the most popular social media platforms, Twitter, or should we call it X? Nevermind.
With more than 150,000 followers, Hsaka (@HsakaTrades) is a well-known crypto trader primarily focusing on Ethereum and Bitcoin. He, however, shares insights regarding altcoins from time to time. On his Twitter account, you can obtain information about spot trading, perpetual swaps, and futures.
To keep things interesting, Hsaka Trades regularly shares funny memes related to the crypto industry.
If you like reading crypto news, you have probably come across market insider and crypto trader Josh Rager. With over 130,000 followers, Rager’s Twitter account (@Rager) has been tweeting trading tips and news for more than four years. The crypto trader majorly focuses on Bitcoin. He owns an analysis platform called Blackroots.
Although Josh Rager’s account might not be as fun as that of Hsaka Trades, you can always be sure to get in-depth market data that can help you make some cash.
@LomahCrypto is a popular altcoin trader boasting about 116,000 followers. He mostly tweets information that new traders can use to enter the spot market. On top of market data, Loma shares technical analyses daily. To get more trading tips from various experienced traders, you can join his Telegram channel known as The Haven.
For pure fundamental and technical analyses, you should consider following Crypto Yoda (@cryptoyoda1338). He analyzes both Bitcoin and altcoins. Crypto Yoda’s account has over 250,000 followers, who are constantly updated about trending cryptocurrencies and when to buy and sell them.
Always Do Your Homework
There are several Twitter accounts sharing trading tips and offering advice. Some of them are owned by seasoned traders with proven results, while others just share false information that, if taken blindly, can cause serious financial losses.
Many experienced traders usually warn their followers not to take their opinion as financial advice. That’s because no one can actually tell in precision where the market will head next. Therefore, conduct your own research and compare it with the expert traders’ views. If they align, then you can use their information to open positions in the market.
With proper trading skills and expert guidance, crypto trading can prove to be a profitable venture for many. However, you should keep in mind that this is a high risk-high reward activity. Therefore, consider investing the amount of funds you are comfortable losing.
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