New users within the crypto space should understand that crypto trading is different from gambling where a mere prediction can yield result. As a newbie within the crypto space kindly check the following before you go into trading.
1. Learn about the volatile market
2. Learn how to analyze chart
3. Take your time to practice demo trading before going into real trading.
4. Do not be greedy, take profit when it’s best to do that, do not hope to get the whole world at a time.
You need to understand the learning process takes long, you have to be calm and follow through the process, if you’re too interested in the profit and not the skill or you don’t have time to do so, you can opt in for copy trading where you get to copy trade from elite traders and make profit, though copy trading is not available on all exchanges just few exchanges like Bitget has it.
Good luck newbies❤️
6. Dont make yourself that easily believe into others trading analysis or recommendations
7. Dont get impulsive with your trading decisions
8. Dont get yourself that being impatient
9. Proper financial or capital management
10. Patience
These things might really be that just simply the basics but when you are on the actual situation or condition then it would really be that so damn hard to follow these principles.
This is why it would really be always best that we should be mindful on the steps that we are really that doing because if you dont then you would really be finding yourself on a tough spot.
Set out some goals or targets on hitting up a specific profit period on which it would really be just that depending on how well you do make out those decisions.
It might not be simple but its not something impossible to do so. It all matters with discipline.