I've been trading for a bit over 3years now, I wanted to give some tips to new people in this field.
1️⃣: Risk Managment.
Never trade with money you can't afford to lose.
When you start trading ONLY use money that you're willing to burn
Personally I started with $20, Think of it as paying for a course, along the way you teach yourself, you start to notice patterns, You start to learn where to find news about crypto etc..
2️⃣: Spot trading.
Learn what spot trading is there are plenty of Youtube videos out there, Learn how and when to put a stoploss, Which coins are safer.. etc
Do not start future trading until you grasp and master spot trading.
3️⃣: Free money doesn't exist.
Never & I mean NEVER give your money to anyone out there, Learn about the different ways people use to scam others. Always use your brain, If this person knows a way to make millions as they claim they would have sold everything they own to trade with that money, They wouldn't come to you if they knew the secret to whealth
4️⃣: We never always win.
Losses are a must for wins, Don't panic sell when you see you lost $2 or even $5 or which ever amount, Learn to control your emotions, What goes up must go down & over time it will have to go back up. Very common mistake people do is as soon as they buy 5mins later they see they lost 50cents they panic sell
5️⃣: Step by step.
While buying crypto, Don't go all in on your first purchace, What I'd do is I'd invest half of my capital and wait for dips over time, If the market starts going up I put more capital and take small profits till I decide I've had enough.
That's all! Hope I was able to help you guys, Remember it's a skill you gain not a method you learn! There isn't a certain way to trade so be creative! Have fun on your learning journey & Trade safely, Enojoy!
#Beginnersguide #begginers