If you are beginner in Crypto first understand following things
✅ 1. Understand the Basics First
Before trading:
Learn what cryptocurrency is (Bitcoin, Ethereum, altcoins).
Understand blockchain, wallets, exchanges, and how orders (market, limit, stop) work.
Use platforms like CoinMarketCap, TradingView, and YouTube educational channels.
✅ 2. Choose a Reliable Exchange
Use beginner-friendly and secure exchanges:
* Binance ( Best Exchange)
* Coinbase
* Bybit (for futures, once you're ready)
> Enable 2FA (two-factor authentication) for security.
✅ 3. Start with Spot Trading, Not Futures
Avoid leverage and complex instruments at the beginning. Focus on:
Buying low, selling high.
Trading major coins like BTC, ETH, or SOL for lower volatility.
✅ 4. Use a Simple Trading Strategy
🔁 Swing Trading Strategy (Great for Beginners)
Timeframe: 1H, 4H, or daily chart
Indicators:
RSI (Relative Strength Index): Buy when RSI < 30 (oversold), sell when RSI > 70 (overbought)
50 & 200 EMA crossover: Bullish when 50 crosses above 200
Support/Resistance Zones: Identify levels where price often reverses
🧠 Example:
1. Price approaches strong support zone
2. RSI < 30 → potential bounce
3. Wait for bullish candle confirmation
4. Enter trade with stop-loss just below support
5. Take profit near next resistance zone
✅ 5. Risk Management Rules
Never risk more than 1-2% of your capital per trade
Set stop-loss always
Don’t overtrade — 1–3 quality setups per week is enough
✅ 6. Keep a Trading Journal
Track each trade:
Entry and exit price
Reason for trade
Profit or loss
What you learned
✅ 7. Avoid These Common Mistakes
Trading with emotions (revenge trading, FOMO)
No stop-loss
Using too much leverage early
Following random signals from social media
✅ Gradually Scale Up
Start small:
Trade with a tiny portion of your capital (\$10–$100)
Once consistent, you can slowly scale up
✅ Stay Updated & Keep Learning
Follow reputable traders on binance square, YouTube
Read news from CoinDesk, Decrypt, The Block
