How to avoid major losses (a guide for everyone)
I was following several losses of my colleagues on the platform, I want to leave you with some recommendations to increase your chances of success (and not loss).
Diversify the Portfolio: Do not put all your investments in a single cryptocurrency. Diversification helps reduce risk, as different assets have different risk profiles and use cases. Look for coins that are more resistant to falls such as BTC, SOL, and BNB.
Use Stop-Loss Orders: Set stop-loss orders to limit potential losses in case the market turns against you. This allows you to protect your profits without having to constantly monitor the market.
Stay Informed and Beware of Scams: Avoid excessive promises and never provide personal data to unknown platforms. Stay up to date with the best security practices and financial education offered by Binance or other trusted sources.
Thank you, see you soon.