First of all, we need to know that before investing in digital currency contracts, novices will first consult a lot of information to understand the digital currency contract model, and even open an account to test the waters. After operating several times, they feel that they are still not suitable for this market because they lack many details and skills.

Secondly, the operation skills of digital currency contracts also need to have stop loss and stop profit control. Setting stop loss and stop profit is not only for novices, but also for experienced digital currency investors. It is a very necessary digital currency contract operation skill, because digital currency belongs to investment and financial management. Since investment has gains and losses, different personal situations have different acceptable losses. Setting stop loss is based on the investor's own situation.

The cryptocurrency market is popular and pursued by many investment enthusiasts for its huge profits and excitement. But how much does it cost to trade cryptocurrency contracts?

(1) In fact, many investors start with a certain amount of capital. This is not because they have little capital, but for safety reasons. They then increase their capital investment little by little depending on the situation until they reach a suitable capital ratio.

(2) A widely accepted view in the financial management community is that contract investment assets should not exceed 20% of total investment assets. In other words, if a person is prepared to invest 1 million yuan, then the amount of money used in contract operations should not exceed 200,000 yuan.

Can contracts make money? Three important experiences in contract operation!

Experience 1: Reasonably control your positions. Because only by properly controlling your positions can you have a chance to make stable profits, otherwise, your account will only fail. Generally, 20% of your funds will be put into the market. If your account funds are only 50,000 US dollars, and if the margin is 1,500 US dollars per share, then it is best for you to enter a standard lot of 6-7 lots each time, regardless of whether it is long or short.

When the market conditions are good and the entry orders are profitable, you can add to them little by little, and the position should not exceed 40%. On the contrary, if the entry orders are losing money, do not add to them against the market unless you have plenty of funds to support it.

Experience 2: Set a stop loss before entering the market. Generally, 50-100 points is appropriate, or below the support point and above the resistance point. Not setting a stop loss means that every order you make may lead to the death of your account.

Experience three: Understand the nature of the market and avoid guessing the top.

Many investors are accustomed to looking at daily and weekly charts and short-term operations, treating BTC's long-term fluctuations as short-term operations, and treating BTC's short-term fluctuations as long-term operations, completely ignoring the difference between short-term and long-term transactions. This is incorrect. If you continue to operate like this for a long time, your losses will become greater and greater in the future.

Through the above analysis, we know what skills novices need to master when operating digital currency contracts. The above skills are only part of them. Also, when choosing a platform, you should choose a formal platform, etc.

How can you make money by speculating in cryptocurrencies?

Some big guys say to get on board in time, some big guys say to buy and ignore, and some big guys say to just give up. I think these are all profitable.

80% of people lose money while 20% make money. The market gathers the money of most people into the hands of a few people, so there is the concept of making money. If everyone makes money, where does the money come from? If you cannot accept that your money may go into the hands of others, then give up. If you don't buy, you won't lose money. If you don't lose money, you will make money.

80% of people don't know what coin to buy, just follow the crowd, 20% of people study the rules and master the rules. Knowledge is power, this sentence is always correct. If you want to make money, enrich your brain and improve your cognition.

80% of people cannot hold BTC for a long time, and only 20% can hold it unwaveringly. When you yourself have no faith in it, how can you expect it to bring you benefits!

Tips for beginners to trade cryptocurrencies:

1. If you don't make money from cryptocurrency trading, don't get out. Divide the funds into 20 parts and distribute them. If the price goes up, buy back. If you make money, sell the money you bought back. You will make a profit. If the price goes down, buy back. If the price goes up, sell the money you bought back. The money in your hand has increased in terms of the price of Bitcoin and US dollars.

2. If you are fully invested and have no follow-up funds, don't be afraid. Sell a quarter of your trapped funds at a high price, and follow the method in 1 to sell high and buy low. Over time, you will get out of the trap and make money.

3. Don’t exit until you make money. This is the principle. Unless you are very sure that the price will fall, you can clear all positions. Then buy back all at a low price. Don’t make sacrifices. However, the risk is high. If you close your position and cannot buy back at a higher price, don’t worry about the 1%-3% profit. Make up for the position decisively. Otherwise, you may watch the price go up.

4. When speculating in cryptocurrencies, it is taboo to cut your position and chase the rise of other cryptocurrencies. In other words, you must not look at the mountain from this mountain and think that the other mountain is higher. When you reach the other mountain, you will find that you are halfway up the mountain. Not only did the original coin rise, but you did not make any money, and you were also trapped by the current rising coin. Hold on to your mountaintop and endure the loneliness. There will always be a chance for you to soar to the sky.

5. Distributed margin call: Divide your funds into 20 parts. No matter what the price is, open one position first. If the price of the currency rises, you can buy one more position. If it rises again, you can buy more. If you make money, you can clear your position or part of it. If it falls, you can buy one more position, and then buy two more positions to lower your cost price. When the price rises back to the price of the first position, you can clear your margin call funds and you will make money.

6. This has always been the rule in the currency circle. How can we seize the opportunity?