I've been trading cryptocurrency for over eight years, and my advice to beginners is to prioritize spot trading instead of diving into futures trading. While many crypto influencers promote futures trading, it carries significant risks and can lead to substantial losses quickly. Without proper risk management, you might lose your entire investment, even if you see small profits initially. Futures trading is especially dangerous because your account can be wiped out in no time. Spot trading, on the other hand, is much safer. It involves buying and holding cryptocurrencies without the risk of liquidation, giving you more control and stability. You can still earn steady profits (around $30 to $80) over time and have the opportunity to recover if the market dips.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.