#CongressTradingBan 5 Fatal mistakes beginners make in the crypto market – Avoid them to survive!

If you are new to the world of cryptocurrencies, you are likely to make some mistakes that could cost you a lot. Take a minute and read these points; they might save you from a near loss:

1. Buying during FOMO (Fear of Missing Out)

If you see everyone buying a certain coin and the price is skyrocketing, don’t jump in! The market could crash suddenly, and you may have bought at the peak.

2. Trading without a plan

You enter a trade and don’t know when to exit? This is where the problem starts. Set your goal before entering and determine an acceptable loss percentage.

3. Overconfidence in recommendations

Your friend told you to buy? A Telegram channel recommended a coin? Don’t rely on anyone; learn how to analyze for yourself.

4. Trading with all your capital

You leave yourself with no liquidity! Trade with a portion, and keep a portion as a reserve for any opportunity or loss.

5. Forgetting risk management

Every trade without capital management = a ticking time bomb. Don’t risk more than 5% of your portfolio in a single trade.

Golden advice: Crypto is not a fast track to wealth, but it’s a great opportunity if you enter with a learner's mindset, not a gambler's.

Have you fallen into any of these mistakes? Or do you have a sixth mistake that could benefit beginners?

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