These are some important tips in the area of currency trading
I hope you benefit beginners in this area
First: Do not invest in any currency before studying it thoroughly and searching for it in depth
This should not be a tip anymore but a mandatory for every investor.
Second: you should always buy at the lowest possible price try to buy the currency when it decreases
To the lowest levels and avoid buying on the rise or when it is at the top of the rise
They may go down at any moment and dramatically
It varies to the situation of the market. It may look high but could also be the lowest price. What might happen is you will be FOMO and would buy after a hike.
Third: Avoid panic when the currency devaluation and do not rush to sell it because it may return
To rise again you must be very patient during trading
This goes back to number 2 factor. It will depend on the economy of crypto currencies. The quick sell could also save you from being zeroed at the end.
Fourth: Do not buy one currency with all the head of the owner, this is very dangerous, which fall
The currency will result in your loss of everything you own or a large percentage of your money
Fifth: Do not rely on a single trading platform and put all your money, but must
To rely on a range of platforms known worldwide
Put it in many basket as long as you can still handle it. There are situations where investors are getting confused into what is what. The price might get jumbled. Pick the best out of many.