The Contract Communication Bureau is here! Whether you are a novice just entering the cryptocurrency world or an experienced trader, you can gain a lot here.

Beginner's Pitfall Guide

1. Don’t be greedy with leverage: Don’t be tempted by high leverage when you first enter. For example, 100x leverage may bring extremely high returns, but even a slight price fluctuation can lead to total loss. It is recommended that beginners start with low leverage (such as 5-10x) to practice, and gradually adjust after becoming familiar with the market.

2. Understand the trading rules: Each trading platform may have different contract rules, such as delivery time, fee calculation methods, etc. It's important to understand these clearly. Otherwise, trading carelessly can easily lead to hidden losses 😣.

Advanced Strategies for Experienced Traders

1. Combine multiple strategies: Instead of just going long or short based on market trends, try hedging strategies. For example, when holding spot assets, hedge against price decline risks through contracts to lock in profits.

2. Pay attention to market sentiment: In the cryptocurrency world, market sentiment has a huge impact on prices. The opinions expressed on social media and industry forums may hint at market trends in advance. But be sure to discern carefully, and don’t be misled by false information 🚫.

General Risk Warnings

1. Strictly set stop-loss orders: This is your lifeline! No matter how confident you are, always set a stop-loss level. Market conditions can change rapidly; don’t let a single mistake ruin all your efforts.

2. Control your position size: Don’t put all your eggs in one basket, and definitely don’t operate with a full position. Reasonably allocate your funds to maintain control amidst market fluctuations.

While the cryptocurrency contract market is full of opportunities, risks are always present. Let’s share experiences and improve together, play contracts rationally, and steadily make money

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