How to Play Contracts in Cryptocurrency Market Safely? A Must-See Learning Strategy for Beginners! Hello everyone👋, we all know that the cryptocurrency market is high-risk, but we still want to try contracts. So how can we play it safely? Today, I will share some super practical strategies with you👇
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Why is the cryptocurrency market difficult to play
1️⃣ Contract Leverage Pitfall: With high leverage, if you operate with your entire capital and succeed 100 times, one mistake can wipe you out
2️⃣ Policy & Withdrawal Risks: The government does not allow individuals to trade cryptocurrencies, and withdrawals might be frozen due to involvement in criminal cases, which is really frustrating
3️⃣ Shortcomings in Trading Skills: If your skills are not up to par, making a profit is almost impossible
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Here Comes the Coping Strategy
1️⃣ Reduce Leverage: Before perfecting your skills and trading system, only use leverage below 3x. Open positions with 1% of your capital each time and set a 5% stop loss. For example, if you open a position of 1U, your stop loss would only be 0.5U, making your trading training cost extremely low💰
2️⃣ Coping with Policy Risks: Although the government does not allow cryptocurrency trading, it does not mean that trading cryptocurrencies is illegal. There are many ways to handle withdrawal issues, such as applying for a U card in Hong Kong or using international financial platforms for transfers🧾
3️⃣ Improve Trading Skills: There are many tutorials to learn from, and it takes time to consolidate your knowledge. You need to learn trading skills, mindset management, and position management, so don't give up easily💪
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Specific Learning Suggestions
☑ Small Investment: Start with an investment of 100U in the cryptocurrency market, with each position being below 1U or even 0.5U. Focus on mastering one technique, such as moving averages or naked candles, and if your backtesting success rate is over 50%, keep practicing for 3 months while continuously optimizing🔍
☑ Continuous Optimization: If you are still not making money after following your trading system💸, optimize your strategy or keep practicing. If you practice a hundred or a thousand times, one successful trade can help you break even
☑ Maintain Confidence: I have practiced like this multiple times, going from losing more than gaining to steadily making small profits. The learning cost in cryptocurrency trading should not exceed 100U; the lower, the better! Especially for young people and college students, while learning trading is challenging, it could be a new path 🚀
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Everyone, don't rush to learn trading; find a stable job and practice slowly. The market is always there; even if the cryptocurrency market is not doing well, there are futures and stock markets. Lower your learning costs, and hard work will pay off—never blindly invest large amounts as tuition fees!
