There is not a single book on training novice traders in the market, and I am preparing to share my insights from many years of experience here. I hope everyone gains something from it.
Many novice traders, upon hearing that they can make big money in the cryptocurrency market, take their savings and invest, but everything they do is wrong.
Using leverage in contracts can make you lose money faster, while trading spot will make you lose money more slowly.
100x leverage means your joy and sorrow are multiplied by 100 times, so most novices can't handle it and will close their positions within five minutes, or even a minute, and then their money gradually diminishes. Or they are unwilling to close their positions because of too many losses, eventually leading to liquidation, or they can't stand the losses anymore and close, suffering significant losses.
Trading spot is a bit better. You lose slowly, and the operation cycle is longer, so you can tolerate losing a little. Plus, the market has been bullish these past two years, so everyone can come back.
However, after Trump came to power and the market began to bear, one would find that it could never return. Those who hoarded coins from the last bull market to the bear market must have a deep understanding of this.
Your likes and comments are my motivation to continue sharing.#交易
