Many join the crypto world chasing "easy 100x gains," but 90% of beginners lose their money within the first month. Why? Because they treat the exchange like a casino. If you want to be among the 10% who profit consistently, follow this safety checklist:
1. The "Spare Cash" Rule 💰
Never trade with your life savings, rent money, or loans. The market is volatile — you must be psychologically prepared for temporary drawdowns without it affecting your real life.
2. Spot is Your Best Friend, Futures is a Danger Zone ⚠️
Beginners often rush into 10x or 50x leverage to "get rich quick." Stop. High leverage equals instant liquidation if the market moves even slightly against you. Master the Spot market first, where you actually own the assets.
3. Risk Management: The Survival Core 🛡️
Pros aren't those who always guess right; they are those who lose very little when they’re wrong.
The 1% Rule: Never risk more than 1-2% of your total capital on a single trade.Stop-Loss: Always set an order to exit if the price drops. Without a stop-loss, you aren't trading—you’re gambling.
4. Don’t Catch Falling Knives & Forget FOMO 🚫
If a coin is already up 50%, you've likely missed the boat. Buying at the peak because of FOMO (Fear Of Missing Out) is the fastest way to lose money. Wait for a correction or look for the next opportunity.
5. Analyze, Don't Guess 📊
Instead of following "signal" groups on Telegram, learn the basics:
Support & Resistance levels.Trend is your friend: Trade with the trend, not against it.Binance Academy: Use these free resources to build a solid foundation.
6. Keep a Trading Journal 📓
Record every trade: why you entered, where you exited, and how you felt. Analyzing your own mistakes is worth more than any paid course.
💡 Pro Tip: Trading is a marathon, not a sprint. Your first goal is not to "get rich in a week," but to protect your capital. Profits will follow experience and discipline.
👇 What was your biggest mistake when you first started? Let’s share and learn together in the comments!
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