๐ Beginner's Guide to Trading Crypto ๐ฐ
Thinking of trading crypto? Hereโs what you need to know before jumping in ๐
๐ What is Crypto Trading?
Buy low, sell high โ sounds simple, but timing and emotion matter. The market runs 24/7 ๐ตโ๐ซ
๐ก Start with Big Coins
Begin with Bitcoin or Ethereum. Avoid random coins that promise 1000% gains ๐ช
๐ง DYOR โ Do Your Own Research
Not all coins solve real problems. Read, learn, then decide ๐
๐ Donโt Bet Big
Start small. Only invest what you can afford to lose ๐ธ
๐ Pick a Strategy:
Day trading = High risk, high stress ๐ฌ
Swing trading = Hold for days/weeks ๐ฐ๏ธ
Dollar Cost Averaging (DCA) = Safer, slow and steady wins ๐ข
โ ๏ธ Manage Risk
Use stop-losses
Never risk more than 2% per trade
Donโt go all in ๐ โโ๏ธ
๐ Learn the Basics of Charts
Support/resistance, moving averages, volume = tools to guide your moves ๐
๐ง Market Psychology
Fear = Buy zone
Greed = Caution
Donโt follow hype blindly ๐ซ๐
๐ซ Avoid Common Mistakes:
โ FOMO
โ Overtrading
โ Ignoring your plan
โ Stay patient. Learn. Practice. Survive.