#Write2Earn #CryptoTips #BinanceSquare
🧠 1. Education first
Understand the fundamentals of blockchain and cryptocurrencies.
Learn about the types of analysis:
Technical analysis: price patterns, candles, indicators (RSI, MACD, etc.).
Fundamental analysis: utility of the project, team, adoption, news.
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🛠️ 2. Use reliable tools and platforms
Use recognized exchanges: Binance, Kraken, Coinbase, OKX, etc.
Use charts and tools like TradingView for technical analysis.
Consider trading bots or alerts if you are actively trading.
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📊 3. Manage risk
Never invest more than you are willing to lose.
Use stop-loss and take-profit to limit losses and secure profits.
Diversify: don't put everything into a single coin.
Limit leverage, especially if you are a beginner.
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🕰️ 4. Define a strategy
Day trading: open and close positions on the same day.
Swing trading: holding positions for days or weeks.
Scalping: take advantage of small movements in short time frames.
Hodl (long-term investment): buy and hold.
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📅 5. Consider the context
The volatility of cryptos can spike due to news, regulations, or tweets.
Macroeconomic events and central bank decisions also impact.
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🧘 6. Emotional control
Eliminate greed and fear: they are enemies of good trading.
Don't chase losses (avoid "revenge trading").
Stick to your plan even when the market tempts you to improvise.
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📚 7. Keep a record
Note all your trades: date, coin, entry/exit price, reasons.
Evaluate what worked and what didn't.
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🔐 8. Security above all
Use two-factor authentication (2FA) on your accounts.
Store your crypto in cold wallets if you don't trade daily.
Beware of projects with exaggerated promises or without transparency.