1_ Before entering any currency for trading, take a look at Bitcoin and Ethereum to make sure the market is positive, as everything depends on them.
2_ Trade strong currencies and forget about the shit coins, because they are strong, strong, and even if they weaken one day, they will not come back stronger the next day.
3_ When trading, do not enter with all the capital. “Beware.” Divide the capital into three parts: one third for trading, one third for reinforcement in the event of a decline, and the rest for emergency situations at the big dump to reinforce from below at the bottom, where there is strong support.
4_ When going down, do not reinforce except at a stop loss, and the stop loss should be below 10% of the entry price. I do not recommend activating the stop loss under any circumstances. Just reinforce at the right place.
5_ When strengthening and noticing the currency rising, I advise exiting at your first entry price. You will have gained a good profit and then avoided the loss completely.
6_ The thing that makes the trader lose the most is greed. Try to kill greed and make a decision between you and yourself that you will be satisfied with a small profit margin even if you are a billion percent sure that the currency will rise.
7_ Learn, learn, learn the physiological forms of charts, draw rising and falling trends, draw resistances and supports. I repeat, learn them well, because many times you will find yourself face to face with currencies that you do not know whether they will rise or fall, and nothing will save you except your knowledge of them after God Almighty. Valuable advice.
8_ What worries you the most as a trader is that you enter and the market goes down. You exit and it goes up. Take the solution from me after you are comfortable with the currency going up and entering it. Close the application or computer and activate the alert bell in the application at Stop Loss and at the target you want to target and always keep an eye on the notifications on the phone. If you hit Stop Loss, run and boost. You hit the target. Congratulations. Valuable advice. Work on it.
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