If you do the following, you can participate in the cryptocurrency trading:
1. Don’t play with contracts before you make money from spot trading.
Many people in the currency circle have been deceived by contracts. They always think that the currency circle must rely on contracts to get rich. If they do it with dozens of times leverage every day, most people will definitely lose money in the end. There is no doubt that it is difficult to predict the short-term market. How can you walk by the river without getting your shoes wet? Frequent transactions will result in losses sooner or later, and high handling fees will eat up your principal.
Therefore, I suggest you that ordinary people should not play with contracts before they understand spot trading and make money from spot trading. If you can't make money from spot trading, it means that your trading system has failed, or there is no trading system at all. It will speed up your loss of money.
2. Make a big pie and Ethereum spot, hone your own system, and accumulate principal.
Big pie and Ethereum are the first choices for spot trading. As a leader, it has high certainty and stable volatility. It is suitable for novice transactions and is easy to control. Only if you understand the spot game of BTC and ETH, you can use the profits to buy the leading copycat, because Altcoins themselves are highly volatile and come with built-in leverage, so it is safest to play with profits.
3. Through the baptism of spot, you will eventually make money, and the trading system is perfected. Try to make contracts with small funds.
Don't make contracts easily. Before you are ready, novices really cannot directly operate leverage, and they will definitely die. Therefore, they need to go through the first two steps of precipitation before they can start operations. It is recommended to mainly operate with low-multiple contracts and fixed positions.
In fact, from the perspective of fanatics, you can make a lot of money by doing spot trading. In the bull market, there are a lot of coins worth ten times or a hundred times, which is enough to turn over without using contracts. However, waiting for the bull market is a long process and requires a cycle of two or three years. Many people are just waiting. In the process, in the garbage market, I couldn't make much money by doing spot trading, so I started to play leverage directly in an attempt to get rich. As a result, I was killed by the market. When the bull market came, my principal was gone. Ordinary people make money by relying on the bull market. If it is not a bull market, it is more difficult to make money by playing contracts.
I am a fanatic talking about currency, click on the avatar and add a follow. The exchange of water skirts is free and open to everyone. There are no routines and no orders. I will often share my experience and spot ambush opportunities.
