If you are a beginner trying to start your journey into crypto trading and investment, kindly read through these helpful tips;
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š 1. Start Small, Think Long-Term
Donāt dump all your savings in. Invest an amount youāre comfortable losing while learning the ropes. Crypto is volatile ā respect that.
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š§ 2. Learn Before You Trade
Understand key concepts like:
Blockchain
Private keys & wallets
Market orders vs. limit orders
Risk-to-reward ratios
This knowledge protects you from costly mistakes.
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š 3. Donāt Chase Hype
If everyoneās talking about a coin going "to the moon," itās probably too late. Stick to projects with strong fundamentals, not just social media buzz.
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š”ļø 4. Use Secure Platforms & Wallets
Only use reputable exchanges (like Binance, Coinbase, or Kraken) and consider moving your crypto to a non-custodial wallet for better security.
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ā³ 5. Have a Strategy, Stick to It
Set goals:
Are you a long-term holder (HODL)?
A swing trader?
A day trader?
Avoid emotional decisions. Let your plan guide your moves, not fear or greed.
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š 6. Accept That Losses Will Happen
Even the best traders take losses. The key is to manage risk ā never invest more than 1ā2% of your capital in a single trade.
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š 7. Keep Learning
Follow market news, study charts, and learn from other traders. Crypto rewards those who stay sharp and adaptable.
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