Technical analysis: Learn some basic technical analysis methods, such as studying price trends, trading volume, moving averages and other indicators to assist in judging market trends and entry and exit timing.

Project fundamentals assessment: In addition to the general understanding of the currency mentioned above, it is also necessary to conduct in-depth research on the project's competitors, market share growth potential, future development plans, etc. to assess its long-term investment value.

Market liquidity: Pay attention to the market liquidity of the currency you invest in. Currencies with poor liquidity may have difficulty finding buyers when you want to sell them, resulting in failure to realize cash in time or a sharp drop in price.

Contract trading risks: If you are involved in contract trading, be careful of the huge risks brought by leverage. Excessive leverage may lead to an instant liquidation.

Risk management tools: For example, using derivatives such as options to hedge risks, but this requires high levels of expertise and operational experience.

Social media opinions and community dynamics: Understand the social media opinions and community activity related to the currency. Sometimes negative news may indicate potential risks.