How to trade cryptocurrencies for beginners:
Follow this method and the secrets of trading cryptocurrencies to make money
Steps and precautions for trading cryptocurrencies for beginners
1. Invest with spare money: Make sure that the funds invested will not affect your daily life. Invest with spare money, even if you lose money, it will not have a significant impact on your life.
2. Choose a formal platform: Choose a platform like AAX that has strong technical endorsement and global recognition to ensure the security of funds and the smoothness of transactions.
3. Learn basic operations: Before operating any trading platform, read the beginner's guide or user help first, familiarize yourself with the platform operation process, and avoid blindly starting.
4. Multiple strategies: Try and observe various small and beautiful trading strategies, continue to learn and summarize the trading methods that suit you based on your own experience.
5. Invest in mainstream coins: In the early stage, you should focus on investing in mainstream coins, such as BTC, ETH, etc. Don't easily get involved in altcoins, even if their application descriptions look very tempting.
6. Use market software: Learn more about market information and circle dynamics, and learn to use market software to track market trends.
7. Establish investment principles: gradually form your own investment principles and strictly abide by them, which will help you stay rational in market fluctuations.
8. Set up stop-profit and stop-loss: set up stop-profit and stop-loss in each transaction, control risks, and avoid losses caused by greed.
9. Be cautious in contract trading: contract trading is risky, and novices should try to avoid it unless you have enough experience and risk control capabilities.
10. Reduce short-term operations: pay more attention to large market trends. The income from a large market may be equal to the sum of multiple short-term operations, avoiding overall losses due to short-term failures.
Correct manual buying method
1. Buy with pending orders: after entering the trading page, place a pending order to buy at the support point according to the current market trend, and do not chase high. Even if you place an order at the market price, you should choose to buy at the callback point.
2. Enter the warehouse in batches: divide the funds into 4-6 parts, gradually build a position, and reduce the risk caused by market fluctuations. This strategy of entering the warehouse in batches is also the basic logic of many trading software.
Summary
Following these steps can help you move forward steadily in cryptocurrency trading. But remember, there is always uncertainty in the market, so keep learning and be cautious, and do a good job of risk control.
