🎯🎯🔥🔥Beginner’s Guide to Crypto Trading: Key Steps for Risk Management and Profit Protection.
I recommend starting by observing the market trends for 5-10 days. This will help you understand the baseline of a coin and how it behaves under normal conditions. If there’s a major global event, the market tends to react sharply, and coins can drop significantly. Therefore, global news research is crucial.
This is the first step: researching and understanding market trends.
Second, focus on spot trading. If you decide to trade futures, limit your margin to 2x to avoid unnecessary risk. High leverage can wipe out your funds quickly in the event of a sudden market downturn, which can sometimes lead to a 50% drop in price following big news.
Try this strategy for one month with a small amount, like $100 or $200 USDC. If you start making profits, set a trailing stop-loss to protect those gains.
🚨 **Crypto Shake-Up! Binance to Delist Major Tokens – Act Fast Before September 18, 2024!** 🔥
🚨 **Urgent Crypto Alert!** 🚨 Major Cryptocurrencies Set for Delisting on Binance by September 18, 2024!
**Attention Crypto Enthusiasts!** 🔥 On **September 18, 2024**, Binance will be removing five key cryptocurrencies from its platform. If you're holding any of these tokens, it’s crucial to act fast to protect your investments. Here’s the full rundown on what’s happening, why Binance is taking this step, and how you can safeguard your portfolio. 💰⚡
exactly we thought investing 100$ can be converted into millions within a couple of time so it's not true. if it's increased 2-10X so book profit and invest into another project that is just starting to increase. Otherwise the portfolio will be in the loop only.