In very simple terms for my subscribers. Many beginners face the issue of having to wait a long time on the spot market for the price to rise or fall. This is normal: the spot market is more suitable for medium-term and long-term investing than for quick trades.
To trade more effectively:
Determine your trading style.
If you want quick trades - study futures on Binance (you can trade both for rises and falls there). But remember: this is a tool with increased risks.
If you want less stress - stay on the spot market, but use the 'average price' strategy (buy in parts).
Work with levels.
Place limit orders at support and resistance, rather than waiting on emotions. This way, trades will be more precise.
Risk management.
Use stop-loss - even the most experienced traders make mistakes; the main thing is not to lose everything on one trade.
Don't chase quick money.
Many lose their deposits precisely because they try to 'outsmart the market.' Better a small, but stable profit than sharp rises and falls.
