#BinanceAlphaAlert 📢I just found a topic on risk management strategy for new cryptocurrency investors. Fundamental strategies: Portfolio diversification: distribute your investments among different cryptocurrencies, do not put your funds in a single project. *Limit each trade to a small percentage of your cryptocurrencies (1-5%). *Avoid ruin risks that occur by investing too much in a single trade. *Set automatic limits to cut losses. Stop-loss 5-15% below the entry price for beginners. *Invest fixed amounts at regular intervals. *Reduce the impact of long-term volatility, e.g., invest $100 weekly instead of $400 all at once. *Beginners should avoid leverage or limit themselves to 2x. *Maintain capital reserves, keep at least 20-30% of capital in cash/stablecoin, this provides psychological security during bearish periods. *Define how much you will take in profits. *Understand the fundamentals of the projects. *Practice with small amounts or a demo account first. *Do not trade based on FOMO (fear of missing out). *And finally, keep a record of all your trades. These are some of the risk management strategies. I hope you understand them $BTC
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