🚧 Beginner's Guide to Trading 🚧
With the launch of this bull market🚀, many new members are joining this crypto space with high expectations and emotions to profit from their investments.
Here are a few things to keep in mind before clicking buy/sell.
"Always keep an eye on the market trend"
You have to be careful about the trend whether it is an uptrend or a downtrend.
Do not buy/sell immediately on these two trends, wait for the market to recover and wait for the next signal.
"Control your emotions"
Don't make decisions based on your emotions, while the market is highly volatile, keep your emotions cool and don't make quick buy and sell decisions.
"Invest only in trusted coins"
Like $BTC $ETH $BNB etc. You can check their information in the Coin Information columns. Many Coinbases are reliable but check their Mcap and other information.
"Only spend money you can afford to lose"
This market is so volatile that we cannot predict what will happen next, any coin can be in a good position and suddenly after some dissolution it will fall. So, invest only the amount you can afford to lose.
🔸 "Be careful"
You can calculate your profit and make your exit/entry plans.. Don't try to maximize the sell or buy the dip low because these points are for a very short period of time we can't catch them by botting. So avoid getting too greedy and stick to your plan.
These are some very basic and fundamental tips for riding the waves of the crypto market to avoid huge losses or missed opportunities.