The market has no easy profits
The first money I entered with, I bought a currency that was Doge, and this is a meme currency and I currently do not advise investing in this type of currency at all. At that time, its price soared for two days, and I thought I was a great trader after a week... the price dropped by half and I understood that there is nothing called guaranteed profits, and if the market rises quickly... it might drop faster.
Spot trading is the safest way
Here you are actually buying the currency... in your wallet... if the market drops you can wait. No leverage, no loans, no usury... your capital is with you. If you are a beginner, build your account on spot trading... this is what will protect your money.
Greed is your number one enemy
Once a friend saw a currency soaring 70% or more in a day for the TRUMP currency and entered late thinking it would keep rising. But it dramatically dropped afterward and he lost a large part of the trade.
The market rewards those who have patience... and laughs at the greedy.
Work with your mind, not with your emotions
Stick to your plan... not to what people say
Learn and don't rush
Every day I learn something new... technical analysis... risk management... how to balance between currencies.
You are not required to be an expert from the first month... the market is there, take your time.
✅ Work on the spot... especially if you are still at the beginning of your journey.
✅ Stay away from margin and futures... they have usury implications and their risks are crazy.
✅ Don't enter a trade if you don't know where you'll exit.
✅ The market doesn't always go up... and a drop doesn't mean a loss if you hold a strong currency.
✅ More important than profit... is preserving your capital.
In the end, I see that I am still learning like anyone of you... the market needs patience and calm... I don't want people to rush and lose. And of course, all of this is just an opinion, not financial advice.