Tips for Beginners:
1. Start Small
- Begin with a small investment to avoid big losses while learning.
2. Use Low Leverage at First
- High leverage can bring big profits but also big risks. Start with 3x–5x leverage before increasing.
3. Always Set Stop-Loss
- Never trade without a stop-loss to protect your money from sudden market moves.
4. Don't Chase the Market
- If you miss an entry, wait for the next opportunity instead of entering late.
5. Trade Only When Focused
- Avoid trading when emotional, stressed, or distracted.
6. Follow Market Trends
- Trade with the trend, not against it. The trend is your friend!
7. Learn from Mistakes
- Keep a record of your trades, analyze mistakes, and improve your strategy.
8. Stay Updated
- Check crypto news, follow experienced traders, and stay informed about market trends.
9. Avoid Overtrading
- Too many trades can lead to losses. Stick to 1–3 quality trades per day.
10. Be Patient
- Trading is a skill. It takes time to master, so don’t rush.
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These points will help new members build confidence and trade safely.