Essential Guide for Cryptocurrency Newbies:

Get familiar with trading software: First, you need to have a deep understanding of the various functions of the trading software, including the trading interface, indicators, and tools for querying currencies. Learn the trends of each sector every day. You don’t have to rush to buy, but you must observe and review to lay a good foundation. As the saying goes, "If you want to do your job well, you must first sharpen your tools."

Clear self-positioning: Choose an investment model that suits you based on your personality (such as whether you are impulsive), family environment (single or married with children), and capital attributes (salary income, family funds or leveraged funds).

Allocate funds reasonably: Divide the funds into several parts, and use part of the funds to trade first to accumulate experience. When you lose money, you should summarize the reasons and continuously optimize your model. Avoid blindly investing or continuing to invest without summarizing your experience.

Independent thinking: Cryptocurrency trading is a lonely thing, and you must cultivate the ability to think independently. You can communicate with others, but you must have your own judgment. Everyone is responsible for their own cognition.

Expand investment cautiously: When you feel that you are making stable profits, don't easily increase your investment. This may be that the market temporarily fits your model, not that you have fully mastered the skills. When adding money, leave room to avoid major losses.

Experience can grow: Without several doubling and halving experiences, some truths cannot be truly understood. When you have experienced these and can make stable profits, it means that your cognition has exceeded your account funds. At this time, you can consider increasing investment and expanding the scale.

Set an investment period: Give yourself a reasonable investment period. It is not necessary to make a big profit within a certain period of time, as long as you don’t lose money. Don’t let cryptocurrency speculation affect your life. You still have many roles and responsibilities in reality.

Stay awake: Once you enter the cryptocurrency circle, it is as deep as the sea. You must understand the risks and uncertainties. Don’t lose yourself, remember your other roles and responsibilities in real life.