The ABCs of crypto trading.
First: Learn the ABCs of trading, and allocate time in your life for continuous training.
Second: Do not trade with money that you urgently need.
Third: Do not invest all of your capital in one currency, regardless of its type.
Fourth: Do not invest all of your capital at once, but divide it into separate payments, and buy at different prices, the last of which is lower than the beginning.
Fifth: Stay away from ready-made recommendations and do your own research before investing in any currency.
Sixth: Beware of falling into a state of FOMO, which is the fear of missing out on an opportunity. This psychological state occurs when a large number of traders devote themselves to buying a specific currency and its price rises. Disaster occurs when new traders enter and buy at the top, then they are cashed out and lose their money.
Seventh: Control your psychology while trading, especially if you are a fan of rapid speculation, because there is a great possibility that you will experience intense fear during the fall in the price of a particular currency, so you will feel panic (exaggerated fear), and the result will be selling at a loss.
Eighth: If you want to invest in the long term, choose currencies that have a successful project, a strong team, and famous partners in the crypto world.
Ninth: If you want to keep a specific currency, be very careful not to fall into fraudulent currencies (scam currencies), because keeping them is a waste of money.
Tenth: In the world of digital currency trading, you must be patient, because profit in the field of crypto requires a long breath, and whoever seeks quick profit will not achieve his goals in the digital currency trading market.
