1. Trading time is unlimited, meaning true 7*24 hour trading without market closure. This flexibility allows investors to trade at convenient times, but it also has a downside: it requires professional investors to invest significant time in monitoring price trends and interpreting market news.
2. Trading rules allow for spot trading, buying high and selling low to profit from price differences, or contract trading with leverage, where both bulls can operate. This is quite flexible, but to make money, you need a high level of technical support.
3. Trading fees apply to any investment transaction. These fees are collected by the platform, and there are also fees in cryptocurrency trading. Due to the presence of leverage, the fees can be relatively high for each transaction, and different platforms have different trading contract specifications.
4. The T+0 trading model allows for buying and selling at any time, without strict time restrictions on investors' trading.
5. There are no limits on price fluctuations. Shenghui believes that while the absence of limits can lead to high returns, it also comes with high, uncontrollable risks. When market news triggers reactions, there may be phenomena of skyrocketing or plummeting prices. Whether one can seize the opportunity for profit at that time depends on technical skills.
6. The coins in your wallet can be withdrawn to your own wallet anytime, without time limits and no fees.
Also, before engaging in formal trading, it’s best to master the following four points:
1. Learn to assess news and interpret market information. When major market news comes out, it is usually when cryptocurrency prices fluctuate the most, potentially either rising or falling sharply. Traders need to make judgments. For beginners, it is advisable to observe during major news events.
2. Learn to analyze technical aspects, grasp knowledge of technical indicators, which require long-term accumulation. Make a study plan for learning moving averages, KDJ, Bollinger Bands, candlesticks, volume-price relationships, capital flows, etc.
3. Make a good trading plan. Avoid frequent trading, as it not only incurs high fees but also affects the trading mindset and leads to irrational judgment.
4. Good risk control is essential. During trading, implement stop-loss and take-profit measures to control risks, keeping both profits and risks within an acceptable range. When the price reaches the stop-loss or take-profit point, the system will automatically help us close the position, meaning selling. Additionally, controlling the size of trading positions is the domain of the master.
It can be said that I have tried 80% of the methods and techniques in the market. I will share the most practical ones from actual combat—the candlestick trading method, which has proven effective time and again! A profit of 30% in a month.
I was once a novice, recklessly entering the cryptocurrency space, chasing highs and cutting losses. The result was relying on courage and luck, and ultimately losing the hard-earned money due to inadequate strength.
I once followed so-called cryptocurrency teachers to do contracts and learn technical analysis. At very critical points, I followed the teacher to take short positions on Bitcoin contracts and nearly faced total loss! I finally realized that choosing the wrong guide and not systematically learning spot trading led me down many unnecessary paths! Without solid professional skills and understanding the rules of the cryptocurrency space, it is difficult to achieve sustained and stable profits through trading.
After much deliberation, I ultimately chose to systematically study natural trading theories and also learned data analysis in the cryptocurrency space, combining volume-price relationship analysis. I finally established a three-dimensional integrated trading system that suits me and am continuously improving and practicing it.
Before the arrival of a bull market, in order to help more new entrants in the cryptocurrency space avoid the mistakes I made, and to seize the once-in-a-lifetime opportunities of a bull market, I specially compiled twelve guiding principles for novice traders. I hope this can help beginners grasp some trading rules and principles, avoid unnecessary detours and traps, and expedite achieving stable profits.
The opportunity has come, assets have doubled! Follow Brother Li closely and easily earn big money.
Continue to pay attention to: RPL, SPELL.