Get ready for harsh realities! 🎢 Inspired and excited to start trading, most beginners face a lot of losses. Do you think it's easy? Ha! Making money quickly is what drives newbies, and they fall into a bunch of traps.

Here are the main ways in which newcomers lose their money:

1. FOMO - fear of missing out 🤯

The fear of missing out on a great opportunity drives people to invest in what they hear, without analysis. They see that others are shoveling money and want it too, but this often results in losses. Guys, don't be fooled by the hype, but use your brain!

2. Lack of knowledge🤓

Oh, how many naive souls simply stumble into crypto without even understanding the basics. They don’t understand where they are investing and how it works. Do you want to avoid losing everything? Learn! Understand what you're doing before you click the "Buy" button.

3. Pump-drain schemes💣

Scammers raise the price of cryptocurrency, creating hype, and then sell everything and leave you with your nose. You buy at high prices and then BANG! - and everything falls. Avoid these schemes, don't be fooled by quick take-offs!

4. Phishing and fake sites🕵️‍♂️

Fake sites that look like legitimate platforms are waiting for you. Share your keys or login details and say goodbye to money. Double check the URL and do not give out personal information.

5. Ponzi schemes 🕳️

Oh, how sweet the promises of guaranteed profits sound! Fraudsters promise mountains of gold, but it’s all a hoax. Beginners invest money and are left with nothing. Don't believe too good promises!

6. Unregulated exchanges and tokens 🎲

Investing in unregulated exchanges or unknown tokens is a game of Russian roulette. Some exchanges may be unreliable, and new tokens may be just duds. Be careful!

How to stay safe in the crypto jungle:

- Learn: Learn about cryptocurrencies and how they work before investing.

- Verify information: Double check sources and sites.

- Use trusted platforms: Use trusted exchanges for transactions.

- Don't give in to FOMO: Don't invest under the pressure of hype.

- Protect your assets: Use strong passwords, enable two-factor authentication, and store funds in secure wallets.

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