📉 TOP-5 Mistakes of Beginners in Trading That Can Be Costly
Starting to trade cryptocurrency is easy. But keeping your deposit is a whole different story. If you are just getting into trading — read carefully 👇
🔻 1. Trading "on emotions" Greed, fear, euphoria — the worst advisors. 📌 Decisions should be made with a cool head, based on strategy, not intuition.
🔻 2. Lack of stop-losses Many think: "I’ll just watch and close the deal in time". 📌 No. Without a stop, the market can wipe out your entire deposit in seconds.
🔻 3. Chasing the hype Bought because everyone is talking about it on Twitter? 📌 The news is already priced in. You’re the last one in line.
🔻 4. Using high leverage without experience 10x? 20x? Looks great — until the first loss. 📌 Start small. Learn to control risk first.
🔻 5. Lack of a plan and trading journal 📌 Without keeping records, you won’t understand what works and what doesn’t. This is a path to nowhere
🔐How to Safely Store Your Cryptocurrency: Tips for Everyone.
💰The world of cryptocurrencies offers freedom, but with it comes responsibility. To avoid becoming a victim of hackers and losing your assets, it's important to store your coins properly.
💼 1. Use cold wallets for long-term storage Cold wallets are not connected to the internet — this makes them virtually invulnerable to online threats. Ledger, Trezor — popular options.
📱 2. For active trading — only trusted hot wallets If you trade frequently, use hot wallets with 2FA (two-factor authentication) and biometric protection. Binance Wallet — a great choice with enhanced security measures.
🛡 3. Enable all available security measures
2FA (Google Authenticator, not SMS)
Anti-phishing code
Withdrawal address whitelist
Login notifications
🎣 4. Beware of phishing and scams Never click on suspicious links, even if the message appears to be from Binance.
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