OKX is the worst trading app. Worst customer support ever. | shuaib6727 on Binance Square

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OKX is the worst trading app. Worst customer support ever. 

Lubna Shahzadi

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OKX scammed app , dont buy Usdt in OKX . I got scammed 850,000 pkr . So i cpmplaint in FIA cyber crime but OKX not help me refund my money. So necer treade again on OKX 🤮

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"Why most of the traders lose money in crypto: A few big reasons" Lack of Strategy: Many people jump into crypto without a real trading plan. They just buy because of hype or fear of missing out (FOMO). Emotions Over Logic: Fear and greed control a lot of crypto traders. They panic sell when prices crash and FOMO buy when prices pump — usually the worst times to do either. High Volatility: Crypto is extremely volatile. Prices can swing wildly in minutes. Without risk management (like stop-loss orders), even a good trade can turn into a big loss fast. Over-Leverage: Platforms let you borrow (leverage) a lot of money to trade. If you're wrong by even a little bit, you can lose your whole investment — and more. No Risk Management: Beginners often bet too much on one trade instead of diversifying or setting safe stop-losses. Following the Crowd: Many lose because they follow random advice on Twitter, TikTok, or YouTube instead of doing their own research (DYOR). Scams and Rug Pulls: Crypto has a lot of fake projects and scams. Many lose money investing in tokens that disappear overnight. Unrealistic Expectations: Some expect to turn $100 into $1 million overnight. When that doesn’t happen, they take reckless risks.

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"Reality of Trading Signal Providers"

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10 MISTAKES TRADERS OFTEN MAKE Trading cryptocurrency can be highly profitable, but it also comes with risks, especially for beginners. Here are the top ten mistakes traders make in crypto: 1. Lack of Research (DYOR - Do Your Own Research) Many traders rely on hype, influencers, or social media without researching a project's fundamentals, roadmap, and team. 2. Emotional Trading (Fear & Greed) FOMO (Fear of Missing Out) and panic selling cause traders to buy at the top and sell at the bottom instead of following a solid strategy. 3. Ignoring Risk Management Failing to set stop-loss orders, overleveraging, or investing more than they can afford to lose leads to huge losses. 4. Overtrading Trading too frequently due to excitement or impatience leads to higher fees, mistakes, and emotional exhaustion. 5. Not Understanding Market Cycles Markets move in cycles. New traders often buy during euphoria and sell during fear instead of taking advantage of dips. 6. Using High Leverage Without Experience Many traders use high leverage to maximize profits, but it also increases the risk of liquidation. 7. Ignoring Security (Leaving Funds on Exchanges) Not using hardware wallets or enabling 2FA results in hacks, scams, or lost funds. 8. Chasing Low-Cap Coins Without Liquidity Investing in low-liquidity tokens without proper research can lead to being unable to sell when needed. 9. Ignoring Fundamental and Technical Analysis Trading without understanding chart patterns, support/resistance levels, and news-driven price movements leads to poor decisions. 10. Not Having a Clear Exit Strategy Many traders fail to take profits or set targets, leading to missed opportunities or holding assets that eventually decline. Would you like insights on how to avoid these mistakes effectively? $BTC

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don't worry. it will keep dumping

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