#ETHBreaksATH Excellent 👌 Let me give you a simple and clear gradual plan for beginners in spot trading:
🛠️ Gradual Entry Plan for Beginners in Spot Trading
1. Stage One: Learning and Preparation
Open an account on a reliable platform (Binance, OKX, Bybit, or others).
Understand the basics: What is the spot market – How to place a buy/sell order – How to secure your account safely.
Learn to use basic orders:
Market (buy at the market price directly).
Limit (buy at a price you set).
2. Stage Two: Trading with Very Small Capital
Start with a trial amount (for example, only 50–100 dollars).
The goal here is to learn, not to profit.
Try buying relatively large and stable coins (BTC – ETH – BNB).
3. Stage Three: Setting a Clear Plan
Set a target for each trade (for example: profit of 5% – 10%).
Set a Stop Loss point to protect your capital (for example: -3% or -5%).
Do not enter a trade without knowing where you will exit, whether in profit or loss.
4. Stage Four: Capital Management
Do not enter with more than 5–10% of your capital in one trade.
Do not invest all your money in one coin → Diversify risks.
Do not chase losses (Don’t revenge trade).
5. Stage Five: Developing Analytical Skills
Learn to read support and resistance on the chart.
Try simple indicators such as:
Moving Average.
RSI (Relative Strength Index to know overbought/sold conditions).
Keep an eye on news and events affecting the coins.