A must-read for newcomers in the cryptocurrency circle! Help you avoid a year of detours!
For you who have just entered the cryptocurrency circle, the following suggestions may help you avoid some unnecessary troubles:
Stay away from domestic coins and domestic disks: Don't be curious, don't try, this is a matter of experience. Be cautious in contract trading: The contract market is not a playground for novices. It is recommended to learn for half a year before deciding whether to get involved. Local dogs are risky, so choose carefully: Although local dogs (referring to small, emerging cryptocurrencies) may bring high returns, the risks behind them are equally huge. You need to examine the sustainability of the team, community, and project. Find a reliable mentor: You may take a lot of detours if you explore on your own. Finding an experienced mentor can help you avoid a lot of detours. Layout in the bull market and sell at the right time: Layout before the bull market, wait for the market to rise, and then sell decisively. This is the basic strategy for making money. Don't rely too much on technical indicators: It is of course good to learn a few basic technical indicators, but more importantly, it is the tempering of your mentality. Being able to hold profits steadily and not be easily overwhelmed by losses is the key to successful trading. At the same time, the exchange's liquidation cooling-off period is set for you. Use this time to reflect and adjust your strategy.
Finally, remember to understand the situation and yourself. Make a complete trading plan, including when to buy, when to sell, what to choose, what trading strategy is, how to control risks, etc. If you have any questions, you may click on my avatar to see the answer. #币安合约锦标赛 #币安新币矿池