In recent years, with the rise of the digital currency market, various cryptocurrencies represented by Bitcoin have emerged like mushrooms after rain, and their rollercoaster-like market trends have attracted a lot of attention from the entire market, drawing a large number of investors into the cryptocurrency space. However, among these investors, some have made significant profits while others have lost everything. Therefore, trading skills are particularly important for investors. So, how can one quickly learn to trade cryptocurrencies? Below, I will detail how to quickly learn to trade cryptocurrencies. I hope investors can learn trading skills through this article.

How to quickly learn to trade cryptocurrencies?

Trading cryptocurrencies can be complex or simple. We can simplify complex things, but it is not advisable to make simple things overly complicated, as this can affect decision-making, lead to hesitation, and cause missed opportunities. When you realize you missed the chance to enter the market after a rise and then a pullback occurs, it can be very passive.

To quickly learn how to trade cryptocurrencies, we first need to learn to use trading platforms and become familiar with buying and selling.

Learn to read naked candlestick patterns; for short-term traders, positions can be built during a downturn rather than rushing to buy when prices are rising. For example, if the price drops by 10%, 20%, or 30%, you can build a small position or wait. After waiting for 15 minutes and checking the 1-hour chart, when the price drops to a certain level, we can then plan to buy. Gradually sell during the rise to develop trading habits.

Chasing highs and selling lows is behavior typical of inexperienced traders, and this is a big taboo. Regardless of the situation, the cryptocurrency market is still a trading market, and where there are rises, there will also be falls.

When there is a drop, there will naturally be a rebound. This is a market rule and a consensus among traders, which forms the operation of the market.

Learn to read naked candlestick patterns; for short-term traders, positions can be built during a downturn rather than rushing to buy when prices are rising. For example, if the price drops by 10%, 20%, or 30%, you can build a small position or wait. After waiting for 15 minutes and checking the 1-hour chart, when the price drops to a certain level, we can then plan to buy. Gradually sell during the rise to develop trading habits.

Chasing highs and selling lows is behavior typical of inexperienced traders, and this is a big taboo. Regardless of the situation, the cryptocurrency market is still a trading market, and where there are rises, there will also be falls.

When there is a drop, there will naturally be a rebound. This is a market rule and a consensus among traders, which forms the operation of the market.

Tips for learning to trade cryptocurrencies:

1. Use spare money for investment; avoid borrowing money to trade cryptocurrencies — investing money + investing energy.

2. Strictly screen for valuable coins and create a reasonable funding allocation plan that aligns with reality — Yangyang investment strategy.

3. Averaging down — It is normal to have pullbacks after entering the market, so funds should be allocated reasonably and entered in batches.

4. Refuse to go all in; allocate positions reasonably. Do not put all your eggs in one basket to effectively reduce risk.

5. Stay informed — Keep an eye on cryptocurrency news and the latest updates in finance and economics. The earlier you know, the more insightful you become, and the more money you can make.

6. Think inversely, do not go against the market or the big players, but go with the flow and act accordingly.

7. Open contracts without over-leveraging, use leverage between 20-50, avoid using 100x leverage easily, do not seek to get rich overnight, but strive for steady profits.

8. Control your own positions — Managing your positions is more important than anything else. If you are unsure, do not trade easily. If you don’t trade, there is no risk, and you won’t lose money. Frequently check your assets to see if they are well managed and if the management is reasonable.

9. Keep your bottom line and your top line in mind, do not fear, the cryptocurrency market will only help you grow; maintaining the right mindset is more important than the operation itself. Remember the great methods of trading cryptocurrencies, and you won't have to worry about not making money!

Finally, Xiaoxun reminds investors that before trading cryptocurrencies, they should first study and understand why cryptocurrencies exist. Generally speaking, speculation for quick money may be the reason many people enter the market, but the deeper meaning of cryptocurrencies is about decentralized financial control, design, and fund settlement. For example, cryptocurrencies are like money with wings; with the help of encryption technology, users no longer need to rely on banks but can become their own banks and use free applications on their phones. Therefore, after understanding cryptocurrencies, investors will feel more confident when entering the cryptocurrency market.

I am Xiaoxun, mainly focusing on contract trading, with spot trading as a supplement.

Xiaoxun only engages in real trading; the team still has positions available, so jump in quickly.