YOU, BEGINNER... Don't know where to start investing and start building your multi-million dollar wealth?!!
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I will introduce you to some essential topics for your gain! SHORT and LONG TERM!
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Short Term (Day Trade and Swing Trade)
1. Technical Analysis
Use tools like moving averages (MA), RSI, MACD, Fibonacci and Bollinger bands.
Identify chart patterns such as triangles, flags, and head and shoulders.
Keep an eye on support and resistance levels.
2. Volume and Liquidity
Prioritize high-volume assets to avoid order execution issues.
Monitor breakouts accompanied by a significant increase in volume.
3. Risk Management
Use stop-loss orders to limit losses.
Do not risk more than 1-2% of total capital per trade.
4. Market Sentiment Monitoring
Analyze news, social media and general investor behavior.
Use indicators like the Fear & Greed Index to understand the general mood.
5. Short-Term Indicators
Focus on time frames like 1H, 4H and 1D.
Combine different indicators to validate signals (e.g., RSI + MACD).
6. Events and News
Monitor regulatory announcements, blockchain updates, and exchange listings.
Take advantage of the volatility generated by this news for quick trades.
7. Discipline and Emotional Control
Don't chase losses (overtrading).
Strictly follow your entry and exit strategy.
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Long Term (Hold and Fundamental Investments)
1. Fundamental Research
Evaluate the project behind the cryptocurrency: team, purpose, use cases, and competitors.
Study tokenomics (total supply, circulation, inflation/deflation).
2. Portfolio Diversification
Never concentrate all your capital in a single asset.
Include different categories: Bitcoin, altcoins, stablecoins, and DeFi projects.
3. Long-Term Risk Management
Set partial profit-taking targets at key milestones (e.g., +50%, +100%).
Hold a portion of stablecoins for future opportunities.
4. Stake e Farming
Take advantage of passive income mechanisms such as staking and yield farming.
Choose reliable protocols with security audits.
5. Dollar-Cost Averaging (DCA) Strategy
Regularly invest fixed amounts, regardless of price, to reduce the impact of volatility.
6. Secure Storage
Use offline wallets (hardware wallets) to protect your assets long-term.
Diversify storage methods (online and offline).
7. Market Monitoring
Keep an eye on regulations, technology updates, and strategic project partnerships.
Monitor market cycles (bull and bear markets).
8. Patience and Vision for the Future
Invest only what you can afford to lose, with a long-term mindset (3-5 years or more).
Focus on cryptocurrencies with potential for global adoption, such as #Bitcoin❗ and #Ethereum(ETH)