Should I choose contract or spot in the cryptocurrency circle?
This depends on your trading experience and stress resistance. It is recommended for beginners to play spot first, which is less risky and can slowly understand the market temperament and trading skills.
Don't rush to make quick money. Practice first, accumulate experience, and then consider contract trading.
When you first enter the industry, it is normal to be eager to make money, but don't forget that trading is mainly to learn things. Just like the oil seller, the skills are acquired through practice. You have to understand that you are here to grow, not to get rich overnight.
Make a trading plan and protect your wallet. If you play contracts, don't invest too much. For example, if you only have 100,000, then use 10,000 to test the water.
Contract trading is like a roller coaster, exciting but dangerous, and you may lose money quickly if you make a profit quickly. Don't be overwhelmed by short-term fluctuations, and look far ahead. When the market is convulsed, stay calm and don't act impulsively.
Position control and stop loss are compulsory courses. Newbies can start with a small position, such as opening only 2% each time, and then set a stop loss point. When the loss reaches a certain level, withdraw, and don't let a failure hurt you.
To survive in the cryptocurrency circle, you must rely on steady progress and continuous learning. Only with a clear mind and a calm mentality can you stabilize the rudder in the wind and waves and slowly approach your small goal of wealth.
