A Must-Read for Newcomers: Learn About the Cryptocurrency Market from Scratch, Understand This Order First

Newcomers in the cryptocurrency market, don't rush in! 90% of liquidations fail due to "the wrong order". To survive, start with spot trading.

Why is spot trading the best starting point?

The risk is vastly different: in spot trading, you can lose your principal at most, while in futures, a 10% drop with 10x leverage can lead to liquidation and debts. Newcomers should first practice the skills to stay alive: learn to buy and sell, basic market analysis, and wallet transfers—there's no need to rush into leverage and margin trading just yet. Gentle fluctuations help cultivate market intuition, avoiding emotional swings from the dramatic ups and downs of futures.

The pitfalls of futures are unavoidable for newcomers.

Can you distinguish between full position/isolated position, U-based/margin-based? Have you calculated the funding fee that is charged every 8 hours? With high leverage, even a slight price difference can trigger a forced liquidation; these hidden thresholds can deter 80% of beginners.

The correct path: Level up in stages

In the first 1-3 months, focus on spot trading: buy BTC/ETH on mainstream exchanges, understand market capitalization rankings, and complete 10 transactions plus wallet transfers.

After 6 months, then consider futures: the prerequisite is consistent profits in spot trading, and you should be able to explain funding fees and liquidation rules. Practice on a demo account for 1 month, and in live trading, only use leverage within 5x, with a single position not exceeding 2%.

Remember: surviving comes first before making money. When you can explain the logic behind Bitcoin halving and the Ethereum gas fee mechanism, then it won't be too late to discuss advanced strategies.

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