TRADING TIPS FOR BEGINNERS (FUTURE MARKET) 🫰

Start Slowly – Start with a small capital, say US$ 100.

Currency Choice – Choose a currency that is less volatile.

Leverage – Use leverage no higher than x10.

Leverage Limit – Make sure you never exceed leverage by more than 50% of your capital (e.g. with US$ 100 in your portfolio, your leverage should not exceed US$ 150 = US$ 15 x 10).

Avoid Trading at the Same Price – Never buy or sell any currency at the same price with all your margin.

Split Margin: Split your margin into 4 parts ($15/4 = $3.8), meaning you will open long or short positions with $3.8 x 10 = $38 USDT.

DCA Strategy: If you opened a long position and the currency dropped by 5%-10%, buy it again with $ 3.8 x 10 (this is called Dollar Cost Averaging or DCA), so your entry point is now lower. The same applies to short positions if the currency rises by 5%-10%. Your position will now be USDT$ 76 and you will have USDT$ 100 as balance.

If the currency breaks through your breakeven point with profit, close it. If it drops again by 5%-10% or more, DCA again. (Never DCA for 1-2% drops).

Charts: Choose a duration like 1H, 4H, 1D). Analyze the chart to see how the currency is behaving.

RSI Indicator: As you are a beginner, use the RSI indicator for durations (1H, 4H, 1D, etc.). If the RSI score is below 20, it is oversold and can go up a bit which is safe in the long run. If the RSI score is above 90, it is overbought so it is safe to go short.

Stop-Loss: Never trade without SL; it is a life saver during crashes.

Patience is the key. Stay updated about the market. Enter and exit trades on time and never trade as a back-to-back player. Once you make a profit, relax and wait for the next safe entry.If you suffer a loss, relax and don't rush to recover; you could end up losing