1️⃣ How to choose the right currency for trading? 3 important factors
Confused about which currency to choose? Focus on these points:
1️⃣ Volume and liquidity: Choose a currency with high trading volume, so you can enter and exit trades easily.
2️⃣ Volatility: Some currencies move a lot during the day = more opportunities for profit (but there is risk).
3️⃣ The project and the team: If you plan to hold for a while, check if the project has clear goals and a strong team.
Reminder: Don't just enter because everyone is talking about it, always do your research!
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2️⃣ Common mistakes beginners make in trading
If you're just starting out, watch out for these mistakes:
❌ Entering without a plan
❌ Ignoring stop loss
❌ Being influenced by emotions (fear, greed, FOMO)
❌ Chasing trades after it's too late
❌ Putting all your capital into a single trade
Start small, learn from the market, and stay calm and flexible.
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3️⃣ What does market liquidity mean? And why does it affect your decisions?
Liquidity = Ease of buying and selling without significant price change.
A currency with high liquidity:
✅ You can buy and sell quickly
✅ The spread between buying and selling is small
✅ The market is more active and it's easier to exit a trade
A currency with low liquidity = Difficulty in selling + Risk of getting stuck.
Tip: Always check the trading volume before entering any currency.
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