I say goodbye to Trading; it's complicated to keep putting in money and not earning anything, just making your account reach 0 every time. The market is manipulated in the blink of an eye, and the little you have gained, you lose.
$ETH Before you start trading, there are several key things you should know to have a solid foundation and avoid unnecessary risks. Here is a list of the most important things you should know:
1. The Risk of Trading
• Trading is risky: The chances of making money are not guaranteed and you often lose money. It is essential to understand that you can lose part or all of your investment. • Risk management is key: Never put all your capital into a single trade. Use tools such as stop loss (to limit losses) and only risk a small percentage of your capital in each trade.
2. The Impact of Emotions
• Emotions can cloud judgment: Fear and greed are two very common emotions in traders, and can lead to impulsive and wrong decisions. It is important to maintain discipline and stick to your strategy. • Avoid overtrading: Do not overtrade because of the pressure to make quick profits. This can lead to unnecessary losses.
3. The Importance of Continuing Education
• Never stop learning: Markets are constantly changing, so it is essential to continue educating yourself on new strategies, tools, and analysis. Read books, take courses, and stay up to date with market news. • Practice with demo accounts: Most trading platforms allow you to open demo accounts where you can practice without risk, which is ideal for familiarizing yourself with the platform and testing strategies.
I am not a professional trader, I am still learning, but something I have noticed is that if at the beginning of a week the price of cryptocurrencies starts to drop, for example on Monday
It always happens that it turns into a bearish week
And also the opposite, if it is Monday and the markets rise and rise, the whole week becomes bullish.
So it is likely that there will be a strong drop in cryptocurrency prices
But we can also profit from this drop in short futures
The best coin for trading is XRP, take advantage of this drop$XRP $XRP