đ Trading crypto involves volatility. Here are tips:
â Educate Yourself: Learn blockchain basics and specific cryptocurrencies.
â Have a Strategy: Are you short-term or long-term? Stick to it.
â Start Small: Begin with an amount you're okay losing.
â Diversify: Mix established coins and potential high-reward coins.
â Use Technical Analysis: Chart patterns can predict price moves.
â Stay Updated: News influences prices. Follow reputable sources.
â Secure Investments: Use hardware wallets; enable two-factor authentication.
â Avoid FOMO: Don't buy impulsively due to hype.
â Set Stop-Losses: Limit potential losses.
â Avoid Emotion: Fear and greed can cloud judgment.
â Review & Adjust: Update portfolio based on market changes.
â Risk Management: Only invest what you can lose.