Here is a summary of the most important points that can help new traders understand the real reality of cryptocurrency trading when listed on Binance or any other platform:

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### What you should know about listing new currencies:

1. Basic prices at listing:

- Opening price: The price at which trading begins based on supply and demand.

- Lowest price: This is often the ICO/IEO price and does not mean that trading starts from here.

- Highest price: The price that the currency reaches at the peak moment (usually within the first minutes).

2. The Truth Behind the Huge Profit Numbers:

- Advertisements of huge increases like 2400% are not realistic for most average traders.

- Actual trading starts at the opening price, which is much closer to the high than the low.

3. The usual scenario:

- High demand leads to a higher opening price.

- The peak moment is very short and is followed by a quick price correction.

Most traders are surprised by the rapid fluctuations of the market.

4. Common mistakes:

- The belief that the currency can be bought at the initial offering price and sold at the highest price.

- Emotional entry into the market without understanding the mechanism of supply and demand.

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### How do you protect yourself as a trader?

1. Understand the market:

- Follow the market movement before listing and know the initial offering price.

- Know that real trading starts at the opening price.

2. Be prepared for fluctuations:

- The market is very volatile during the first moments of listing.

- Don't invest more than you can afford to lose.

3. Avoid emotional decisions:

- Don't rush into buying new coins because of the hype or expecting huge profits.

4. Rely on a clear strategy:

- Define your goals (do you want to trade quickly or invest for the long term?).

- Use stop loss orders to reduce risk.

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### Conclusion:

Trading when new currencies are launched is full of challenges and risks. Don’t be fooled by the big profits announced and focus on the opening price, understand the market dynamics, and make informed decisions. Smart trading is based on knowledge and patience, not emotional expectations.

#Trade_Carefully#Learn_Before_Trade#Cryptocurrencies 🚀