Post
Topic
Board Trading Discussion
Re: Trading as a newbie?
by
nurilham
on 06/03/2023, 21:23:46 UTC
Trading in the cryptocurrency market requires detailed knowledge of the trade.First of all, everyone should learn the basics of trading because it is seen that many times many people face losses by buying the wrong coins.But those who want to buy and trade any coin for a long time must choose the right coin.The market should be scrutinized to buy the right one.
What do you mean by 'detailed knowledge'? What the beginners need is basic knowledge about trading and they must know about crypto market. If the beginners already have enough knowledge about the basic things of trading and crypto market, they can start to buy and trade crypto coins. However, they also need to understand the coins they buy/trade. Every type of crypto coin has its own characteristic and its own level of volatility. The risk level also depends on the type of coins. If it is a top crypto coin, it will be safer. But if it is new altcoins or meme coins, it will be riskier.