6 Common Crypto Trading Mistakes to Avoid while future trading
1. Investing without research: Jumping into investments based on hearsay or hype without understanding the project.
2. Falling prey to FOMO: Investing impulsively due to market hype without a solid plan.
3. Ignoring risk management: Putting all your funds into one asset without using stop-loss or diversification.
4. Trading futures without understanding: Diving into futures trading without grasping the concept of leverage and risks.
5. Lack of patience: Overreacting to short-term market fluctuations and making impulsive decisions.
6. Neglecting security: Failing to use strong passwords and 2-factor authentication, putting your funds at risk.
By avoiding these common mistakes, traders can minimize losses and maximize gains in the crypto market.