#TradingTools101 A Short Advice

The world of cryptocurrency trading is dynamic and can be very lucrative, but it also carries significant risks. If you are looking for a short and straightforward piece of advice, this is the most important one: manage your risk relentlessly.

What does this mean? Never invest more than you are willing to lose. Cryptocurrencies are volatile, and sudden drops are common. Before each trade, clearly define your stop-loss (the price at which you will automatically sell to limit losses) and your take-profit (the price at which you will sell to secure gains).

Also, diversify. Do not put all your eggs in one crypto basket. A well-distributed portfolio can help mitigate the impact of a drop in a specific asset.