#TradingTypes101

Quick Guide to Cryptocurrency Trading

1. Define Your Strategy

Choose a trading style that fits your personality and goals - whether it's long-term holding, swing trading, or day trading. Set clear rules for entry and exit, stop-loss levels, and profit targets.

2. Risk Management & Diversification

Avoid high leverage early on. Do not risk more than 1-2% of your portfolio on a single trade. Diversify assets - such as major coins like BTC/ETH, some promising altcoins, and stablecoins to balance against volatility.

3. Use Technical Tools

Learn key indicators - support/resistance levels, moving averages, RSI - to improve your trade timing. Use stop-loss orders to protect your capital.

4. Prioritize Security

Choose reputable exchanges, enable two-factor authentication, and use cold wallets or hardware wallets for major assets. Avoid scams and shady schemes.

5. Keep Learning & Maintain Discipline

Practice through paper trading before risking real money. Track all trades and fees. Stay informed, manage emotions (avoid fear of missing out), and adapt your plan as the market evolves.