As a newbie in the cryptocurrency industry, what do you need to pay attention to?

Most people who are new to the currency circle are in the secondary market.

You must have a deep understanding of the two major ways of playing the secondary market: spot and contract.

Note: The contract is only for big cakes or concubines.

If it is a small amount of money, or an amount that will not matter to you if lost, such as 10,000 yuan, it is about 1,500 U when converted into U

It is recommended to first take out 100U of it and put it in the contract account, and then only open 10% of the position each time, with a leverage of 50-100 times, on a position-by-position basis.

If you don’t know anything about trading, you can use this 100U based on your feeling first. Whether you lose or make money depends on your luck. This 100U is just to let you feel how worthless money is.

After losing this 100U, you need to start learning technical analysis

Any kind of technical analysis can be used, or any kind of indicator, or even a bare K-line. While learning, observe the success rate of the technology you learned on the historical K-line chart of the target you are trading.

When you feel that you have a better understanding of K-lines and indicators, then transfer to 100U to guide your trading based on your learning results.

At this time, you are still making losses and profits. In most cases, you may not be able to strictly follow the learning content. No matter what, you will soon lose 100U again.

Next, you need to start learning trading psychology

You need to improve your execution based on trading psychology, and even judge market sentiment through indicators and technology.

If you have enough learning ability and strong execution ability, you can now strictly implement the technical analysis methods you have learned.

Then transfer 100U. At this time, your chance of winning will be greatly increased, but after a period of time, you will still successfully lose all the 100U.

Next, you should learn some math knowledge

The biggest difference between trading and gambling is that the winning rate and profit-loss ratio can be changed through subjective initiative

Learning techniques, learning psychological analysis, and improving execution can improve your winning rate, but the profit-loss ratio is the secret to making big money from contracts.

For example, the hourly level was 1300, the lowest price within 3 days. The price retraced to this point many times and then rebounded. So you seize the opportunity to reduce your position at the price of 1302 and stop the loss at 1295. The highest price of the historical rebound is 1389. If If the market goes right, it can even break through the pressure level and reach 1400+. At this time, your potential profit and loss ratio has exceeded 1:10. This is definitely a risk worth taking.

The prerequisite for grasping the profit-loss ratio is to strictly implement the stop-loss strategy

Contract is the best test officer to test human nature and endurance.

Spot, the amount of funds is too small. Why buy spot? If you throw 1W into it, even if it increases 10 times in a bull market, how much will it cost if you get 7 times the price? It’s not worth your investment at all. If time is limited, just buy big cakes or aunties near the bottom of the bear market.

However, how many players in the currency circle want to make a small amount of money? #BTC #合约挑战 #币圈新人

It takes three years to enter the industry, five years to master it, and ten years to become the king. Trading is not about getting rich in one go, but about making reasonable profits that can be long-term, stable, sustainable, and highly probable, so that you can continuously obtain wealth. Professionalism creates value and details determine success or failure.

I am the God of Wealth, a veteran in the currency industry, and I only tell the truth. If you are interested in the currency circle and want to get started quickly but feel confused, please follow me and contact me through the homepage. I will provide you with real, valuable advice to help you move forward steadily. Let’s explore, grow and create brilliance in the currency circle together!