#ChristmasMarketAnalysis
WHAT EVERY NEWBYE SHOULD KNOW BEFORE TRADING IN THE CRYPTO MARKET.
Just as I made a lot of mistakes and lost a lot ($) when I first started trading here, I believe that many newbies make the same mistakes I did.
Yes, there were times when I almost gave up. But it was always my fault, sometimes for thinking it was easy to earn higher interest rates than banks pay, sometimes for believing the "motivating" words of influencers (liars and mercenaries) paid to deceive, among other mistakes.
Today, I feel a little more confident. Controlling anxiety is no longer a problem. The greed of thinking that you can make a lot of profit quickly no longer takes up space in my head. For these and other reasons, today I decided to give some basic tips to those who are starting out.
First of all, try to understand the market and its high volatility. Study the currencies, their respective projects and market trends carefully before investing.
Start by operating with little capital, in the short term, on the Spot market, in more consolidated currencies, investing every time they fall and withdrawing profits every time they reach between 10 and 15%.
Use secure digital wallets and do not share your private keys. The security of your assets depends on you.
Spread your investments between 4 and 8 assets, this way it is easier for you to manage risks and minimize losses. Do not put all your money in a single cryptocurrency.
Be wary of promises of guaranteed returns and unmissable offers. Do your own research.
Have a clear plan for buying and selling. Do not let yourself be carried away by panic or market euphoria.
Stay up to date with market news and regulations. Up-to-date information can make a difference in your decisions.
Never invest money that you cannot afford to lose.
By doing this, I believe you will be better prepared to navigate the world of cryptocurrencies in a conscious and safe way.
Have a great week and good luck to all! 🚀
$BTC $BNB
