A post useful for the beginners:
A lot of the beginners don't know what and where to start. They come with a concept in mind that trading has a lot of money and we can be millionaires or billionaires in a month. That's where their trades are wrong, and they lose everything in the beginning.
Here are some prerequisites that you need to do before starting your first trade:
1. Learn to read charts.
2. Read the background of the coin, and it is based on which coin.
3. See the daily chart of a few coins, their high and low prices, or if they're consolidating (moving in the same price range).
4. Start with scalping (buy/sell in 15 minutes or less).
5. Get small profits of $2 to $5.
6. Make use of stop/loss.
7. Use indicators such as EMA, RSI, Bollinger Band, and MACD.
8. Trade on low-priced coins because when they go bullish, they'll provide more gains and vice versa.
9. Some good and profitable coins are $BONK , $PEPE , $LUNC
10. Always do your own research and don't fall for the community posts for any coin.
Note:
Every person has different thinking and trading according to the method they're comfortable with. May be you don't get comfortable with my method but at least you can know from where and how to start.
