In fact, products like contracts have been around for a long time. In the past, gold spot, crude oil, and foreign exchange all had hundreds of times leverage. At that time, we didn't know how many people fell under this hundred times leverage. I entered the gold spot market in 2010 and began to engage with finance and trading from that time. I was a trader at that time and witnessed too many people being liquidated. I also experienced several liquidations myself. Of course, the insights and techniques in trading are all accumulated through practical experience. The contracts in the cryptocurrency circle now are essentially just a different variety. The trading principles are actually consistent. My advice to those currently trading contracts and newcomers who want to enter the cryptocurrency market is: remember, remember! All investment funds must be under the premise that you can bear the total loss. After entering the market, remember not to increase your capital after consecutive profits and continue to execute your strategy. If you are experiencing consecutive losses, you must stop for 3 days before looking at the market to trade. Being able to control your hands is the basic condition for profit. Welcome newcomers to come and chat with me for insights.
I am Xiao O, a professional analyst and educator, a mentor and friend on your investment journey! As an analyst, the most fundamental thing is to help everyone make money. I am here to resolve your confusion and losses, speaking with strength. When you are lost and don't know what to do, follow Xiao O, and I will guide you.
