💡4 Years of Crypto Trading Experience: My Advice to Beginners
If you're new to the world of crypto, the journey can be exciting but also full of risks. Having traded crypto for over 8 years, I've seen it all-the highs, the lows, and the pitfalls. Here's my golden advice for beginners:
Focus on Spot Trading, Not Futures Trading
Many influencers promote futures trading, but here's the truth:
High Risk: Futures trading can lead to
massive losses if you don't manage risks properly. Even small mistakes can wipe out your entire account.
Liquidation Danger: Futures trading is
leveraged, meaning the potential for liquidation is high. Your hard-earned 💰
money can disappear in moments.
Why Spot Trading Is Safer
No Risk of Liquidation: With spot trading, you own the coins outright. Even if the market dips, you have the chance to hold and recover.
Steady Profits: You can make consistent profits, such as $30 to $80, by trading good coins without the fear of losing everything.
Less Stressful: You're not racing against time or market volatility like in futures.
Pro Tip: Invest in Reliable Coins🪙
Focus on coins with a strong track record and future potential. Avoid chasing hype or "pump and dump" schemes. A solid portfolio grows steadily over time.
Final Words
Crypto trading is not about getting rich overnight-it's about building wealth steadily and smartly. If you're just starting, avoid futures trading. Stick to spot trading, manage your risks, and educate yourself constantly.
Remember: The market rewards patience and strategy, not reckless risks.
Trade smart, stay safe!