Crypto Trading for Newbies

10 crypto trading tips to help you trade smarter and reduce risk

1 Do Your Own Research DYOR

Dont rely solely on hype or influencers understand the project its use case team and tokenomics

2 Use StopLoss and TakeProfit Orders

Protect yourself from big losses and lock in profits with automated exit points

3 Avoid FOMO and Panic Selling

Emotional trading leads to poor decisions Stick to your plan and stay calm

4 Start Small

Especially if you area beginner use small amounts while learning the market

5 Practice Risk Management

Never risk more than 12 of your total portfolio on a single trade

6 Diversify Your Portfolio

Dont put all your money into one coin Spread risk across different assets

7 Follow Market Trends and News

Keep up with global news and social media sentiment they can move prices fast

8 Learn Technical Analysis TA

Study price charts supportresistance levels and indicators like RSI MACD and moving averages

9 Avoid Overtrading

Not every moment is a good time to trade Sometimes the best move is to wait

10 Use Reputable Exchanges and Secure Wallets

Only trade on trustworthy platforms like #Binance and store your assets in secure wallets preferably hardware wallets for longterm holding