Tips for Beginners

1: The larger the amount, the greater the loss and profit.

For example, if you bought a currency for $1,000 and the currency's value reached $0.5, you lost half your money. If the currency's price reached $1.5, you made a $500 profit. If you bought it for $1, and it fell to $0.5, you lost $0.5, and if it reached $1.5, you made half a dollar, and so on.

2: Beginner traders who convert each currency have a transaction fee. For example, for $BTC, the fee is 10x. If the currency's price is 105,600 and you want to convert dollars to it, the purchase price is calculated as 106,200. If you want to sell, you are charged 103,700, and so on. For some currencies, the 5x is less, and some are not.

3: Beginner traders: Do not go for term loans or spot trading before learning. Stick to currency conversion and use a 10% or 5% sell limit initially until you learn. Not everyone who Trading income will be profitable, while 80% lose, while 20% make money. Why do the majority lose? Because they operate haphazardly and without learning or monitoring. I recommend learning and understanding trading strategies first, as the future is promising for digital currencies. $ETH

2,758.73

+8.73%