1. Start learning and understanding

Before you begin trading, it is important to learn the basics of cryptocurrencies:

• What is blockchain?

• What is the difference between currencies like Bitcoin and Ethereum?

• What are digital wallets and what are their types?

2. Start with small amounts

In the beginning, do not risk large amounts. Only use money that you can afford to lose, as the market is highly volatile.

3. Monitor the market and its analyses

• Use technical analysis tools (such as: RSI, MACD, support and resistance lines).

• Follow daily news, as statements from governments or influential figures (like Elon Musk) can significantly impact the market.

4. Diversification is important

Do not put all your money into just one currency. It is better to diversify your investments to reduce risks (Bitcoin, Ethereum, and reliable altcoins like Solana or Chainlink).

5. Use stop-loss orders

To protect yourself from sudden crashes, set automatic sell orders at specific loss points.

6. Separate investing from trading

• Trading: Buying and selling cryptocurrencies short-term for quick profits.

• Investing: Buying cryptocurrencies and holding them long-term.

7. Don’t follow the “hype” (FOMO)

Avoid buying just because everyone is talking about a certain currency. Often, currencies rise significantly and then crash quickly.

8. Monitor whale movements

Some platforms show the movements of large wallets (Whale wallets).