๐ What a beginner should know before they start trading cryptocurrencies If you are new to the crypto world, it is important to take your first steps in an informed and responsible manner. Here are some essential things that every beginner should be aware of:
๐น 1. Understanding risks Cryptocurrencies are very volatile. Prices can rise or fall sharply. Invest only money that you can afford to lose.
๐น 2. Basic terms Familiarize yourself with concepts such as:
Spot trading
Types of orders: Limit, Market, Stop-Limit
Liquidity, volatility, market capitalization
These will help you better understand market movements.
๐น 3. Fundamental and technical analysis Fundamental: news, partnerships, project updates.
๐ INJ starts to move beautifully today! The price shows a slight rise and it seems that the market is starting to regain confidence again. For me, as a beginner trader, it's motivating to see that INJ is stabilizing and trying for an upward push.
We started the morning with a nice surprise๐ฅฐ I received 2 coupons of 7.7 and 7.8 $HOME ๐ With amplified enthusiasm, I go on to participate further in guess the word of the day #wodl #Home
I analyze the ecosystem @Linea.eth and the utility of the token $LINEA . Their technology is becoming increasingly important in the crypto space. I look forward to the evolution #Linea and the developments to come๐
๐ก Try before you risk: Why every beginner should do demo trading๐ช
If you are new to the world of crypto trading, it may seem appealing to dive straight in with real money. But the truth is that beginners need to practice on a demo first.
Why?
1๏ธโฃ No real risk: You can test strategies and orders without losing money. 2๏ธโฃ Fast learning: You understand how charts, orders, and leverage work without stress. 3๏ธโฃ Build confidence: You'll know how to react when the market moves quickly. 4๏ธโฃ Mistakes don't cost: Every error becomes a lesson, not a financial loss.
Win #Home by Learning and Earning. Study the module on Binance Academy - "What is Defi App (HOME)?", complete small quizzes and earn! I already have 50 Home ~ 1.22$ $HOME #academybinance
I have finished the beginner module on Binance Academy "The Fundamentals of Crypto and Blockchain" An important step in personal development!๐ช I received a certificate of completion and symbolic $NFT #academy
Binance Academy offers an informative module about the Injective project. If you watch the video and answer questions, you can receive a reward in the INJ token. #injective #LearnAndEarnQuiz
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๐๐ฐ Just earned my first Write-to-Earn reward on Binance โ 1.01 $USDC ! ๐โจ It may seem small, but itโs a HUGE step toward consistency and long-term growth in the crypto world ๐๐
Every big journey begins with a tiny win โ and today, that win is mine ๐๐ฅ Iโm not just earningโฆ Iโm building skills, leveling up, and stacking progress day by day ๐ผ๐
๐ก Keep learning. Keep improving. Keep grinding. These small victories today will turn into major milestones tomorrow ๐ฅ๐ต
I reclaimed 2 red envelopes by inviting friends to participate in the Pay Campany promotion. Reclaim 1 red envelope right now, share with friends to win! https://app.binance.com/uni-qr/4dCP5nor?utm_medium=web_share_copy #LฤฐNEA #USDT #pay
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