When I ventured into the world of trading Crypto , I had no rules . I had no strategies . Needles to say, I failed miserably . That is why I am helping the Crypto neophytes with knowledge to successfully navigate the world of cryptocurrency trading and Investing
HERE ARE MY 2O RULES for BEGINNERS for CRYPTOCURRENCY SUCCESS
1. Educate Yourself First:
- Before diving into trading, thoroughly understand the basics of cryptocurrency, blockchain technology, and how the market operates.
2. Start Small: - Begin with a modest investment. As a new trader, gaining experience is more crucial than making large profits.
3. Diversify Your Portfolio: - Spread your investments across different cryptocurrencies to mitigate risks associated with market volatility.
4. Set Clear Goals: - Define your financial goals and risk tolerance. Establish both short-term and long-term objectives to guide your trading strategy.
5. Use Reputable Exchanges: - Trade on well-established and secure cryptocurrency exchanges to protect your assets from potential security threats.
6. Stay Informed: - Keep abreast of market trends, news, and developments in the crypto space. Stay informed to make well-informed decisions.
7. Risk Management is Key: - Set stop-loss orders to limit potential losses. Only invest what you can afford to lose.
8. Avoid Emotional Trading: - Emotions can cloud judgment. Stick to your trading plan and avoid impulsive decisions driven by fear or greed.
9. Utilize Technical Analysis: - Learn the basics of technical analysis to understand price charts and identify potential entry and exit points.
10. Have an Exit Strategy: - Know when to take profits or cut losses. Having a clear exit strategy helps you avoid emotional decision-making.
here is the link to my book , " How to Become a Smart Crypto Investor " https://www.barnesandnoble.com/w/how-to-be-a-smart-crypto-investor-jef-benson/1143174744#
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Crypto Beginners Mentor
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My first book on Crypto was titled "How to Become a Smart Crypto Investor". Honestly , I believe there are two types of Crypto traders and investors:
The Smart vs the Gamblers
The Strong Vs the Weak
The Factual vs The Speculator
The earner vs the loser
To belong to the winning team, you must master just one THING
one THING
not two or 4 or 5
1.
And it's
You must Master your EMOTIONS .
I am here to guide you . #Fo!low, #like and #share my post. You can become a smart Crypto Investor
Hello , this is going to be my first post. I have been on this space for over 3 years. I have made gains and lost heavily . I have realized that the key to Crypto success is knowledge plus knowledge and plus knowledge . When I first started I only wanted to make money no wonder I lost money instead of making money
Today, I have honed my skills, wrote 4 books on Crypto Trading and Investing . I want to help beginners to avoid the mistakes I made.
So, If you are a beginner , consider me your mentor. #follow, #like and #comment on my post.
With me as your guide, you can't go wrong.
Well, this is an introductory article , stay tuned for real classes .