03461715484Steps to start trading and avoid losses Here are some tips$BTC Starting trading in cryptocurrencies is a big and exciting step, but it is very important to handle it with caution and awareness to avoid losses. Here are practical steps and advice to start safely:

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Step 1: Learn First

Understand the basics: Learn what cryptocurrencies are (like Bitcoin, Ethereum), and blockchain technology.

Learn analysis: Start by understanding technical analysis (chart analysis) and fundamental analysis (project news and the surrounding economy).

Read from reliable sources such as: CoinMarketCap, CoinGecko, and Investopedia.

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Step 2: Choose a Reliable Trading Platform

Popular platforms for beginners include: Binance, Kraken, Coinbase.

Check for security, ease of use, and trading fees.

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Step 3: Use a Demo Account First

Some platforms offer demo accounts to learn without losing real money.

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Step 4: Do Not Invest More Than You Can Afford to Lose

Start with a small amount.

Do not use money allocated for essential needs.

Step 5: Plan for Risk Management

Set an acceptable loss percentage (Stop Loss) for each trade.

Do not risk more than 1-2% of your capital in a single trade.

Step 6: Beware of These Common Mistakes

Chasing the trend (FOMO): Do not enter a trade just because everyone is talking about it.

Not using a stop loss.

Trading under the influence of emotions (greed or fear).