All points are important and do not neglect any of them.
1. Learning first:
Don’t rush into trading before you learn the basics like reading Japanese candlesticks, using technical indicators, and understanding trading strategies. Read books or watch educational videos.
2. Risk Management:
Do not risk more than 1-2% of your capital on a single trade.
Always use stop loss to protect your money.
3. Avoid greed:
Don't try to make big profits in a short time.
Day trading can be risky, so stick to a clear plan.
4. Choose currencies carefully:
Focus on coins with strong projects and future technology, and avoid suspicious coins.
Do your research and fundamental analysis before entering into any currency.
5. Avoid emotional trading:
Don't panic or get greedy when the market goes up or down.
Stick to your strategy and plan.
6. Portfolio diversification:
Don't put all your money in one currency, spread it across several projects.
7. Use the demo account:
Try your strategies on a demo account before using your real money.
8. Learn from your mistakes:
Record successful and unsuccessful trades, and review the reasons for success or failure to improve your skills.
9. Be patient:
Successful cryptocurrency investing requires patience and discipline.
10. Beware of rumors:
Don't make decisions based on the news alone, and be sure to check the sources.
Following these tips will help you build a sustainable trading style that will avoid big losses.
