After ten years of speculating in currencies, I have made half profits and half losses. After reflection, I summarized 10 iron rules and gave them to those who are new to the industry [Volume 1] $BTC
1. Don’t rush in:
It's hard to avoid feeling itchy when you hear that others are making a lot of money. Don’t rush to get on the train, learn the basics first and understand the ways of speculating in currencies, and then consider investing.
2. Be wary of chasing the rise and killing the fall:
Going with the flow often backfires. You won’t know until someone else buys it, and it may already be too late. The best policy is to wait patiently for the best opportunity before taking action.
3. Diversify investment risks:
Don't put all your eggs in the same basket. Investments should be diversified and choose multiple currencies to spread risks and ensure investment safety.
4. Set a stop loss bottom line:
Know the maximum loss you can afford, and don't go all-in. Set a stop loss point in advance and stop the loss immediately once it is reached to protect the principal.
5. Continuous learning and improvement:
Learn more about the currency circle, understand the fundamentals of currencies, and listen to the advice of professional players. Do not blindly listen to rumors and gossip to avoid misleading.