#TradingTypes101
Tips for Beginners
1. Start with an amount you can afford to lose:
The most important rule in trading is not to invest more than you can afford to lose. You need to be mentally and financially prepared that you might lose it, especially since the market is volatile. Do not risk your essential expenses or necessary funds.
2. Learn technical and fundamental analysis:
Technical analysis teaches you how to read charts and predict price movements, while fundamental analysis teaches you how to evaluate a project based on its utility, team, partnerships, and future plans. Don't buy a coin just because it's rising; understand it first.
3. Diversify your investments:
Do not put all your money into one coin, even if you are confident in it. Diversification reduces your losses if one of the coins drops.
