👀 For the #principiantes 😵💫 diving into the world of trading, the only thing you need to know are these keys to avoid losing money when starting.
1️⃣First: Watch a tutorial on YouTube about how the Binance platform works and its tools, and if you know nothing about Japanese candles, do not invest, research (it seems complicated but it is not).
2️⃣Second: Understand that the crypto market is influenced by human psychology or the manipulation of whales (millionaires who usually buy many cryptos in the early stage when the price is somewhat cheap) or it can be both at the same time.
3️⃣Third: Do not invest at the beginning in any crypto without first checking its history; you can review it on Coinmarketcap (yes, you will have to learn the basics, surely in 15 to 30 minutes of some tutorial is enough).
4️⃣Fourth: Look for patterns that repeat of highs and lows (this is called resistance), it will help you know when is a good time not to invest, to take profits, and minimize risks.
5️⃣Five: Do not trade in the futures market if you are new; you will likely lose all your money in a single move.📉 (even traders who consider themselves experts tend to lose a percentage of their capital here).
6️⃣Six: Do not follow anyone you see on Binance; often they are people trying to manipulate the market in their favor.
🔴 If I see that my post has positive comments and good reception, I can create a YouTube channel to support you. 😉
Ask me anything you need to know and follow me to stay tuned for more valuable information. 👍🚀