"Basics of Trading in Cryptocurrencies for Beginners"
If you are new to the world of cryptocurrencies, here are the key points you should know before you start trading:
1. Understand the market before you start
Cryptocurrencies like Bitcoin and Ethereum are highly volatile. Keep up with global and technological news as they directly impact prices.
2. Start with small amounts
Do not invest money that you cannot afford to lose. The market is volatile, and learning from experience is more important than making a quick profit.
3. Choose a reliable platform
Use licensed and secure trading platforms, and make sure to enable two-factor authentication (2FA) to protect your account.
4. Learn technical analysis
Learn to read charts and candlesticks, and understanding indicators like RSI and MACD will help you make more accurate decisions.
5. Plan and be disciplined
Create a clear trading plan, determine your entry and exit points, and stick to it regardless of your emotions.
6. Beware of rumors
Do not enter a trade just because you heard about it on social media. Research and evaluate for yourself.
