Post
Topic
Board Nigeria (Naija)
Re: What should a new beginner in crypto market do?
by
Yablee0
on 08/02/2025, 04:43:23 UTC
As a new beginner in the crypto market here are some few things you should do.
-watch educational videos,YouTube channels like,Data dash,and crypto Tv.
-check websites like,coin telegraph and coin desk.
-understand  the cryptocurrencies and how they work.
-select a well established exchange like bybit,coinbase and binance,to buy and sell and store your cryptocurrencies
-create a secured wallet to store your cryptocurrencies,such as ledger,trezon and metamask.
-enable 2 factor authentication.
-begin with a small investment to get familiar with the market.
-define your investment goals,time horizon and risk management.
-understand the market volatility.
-set stop-loss orders.
-stay informed.
-join online communities.
Regardless of all these stated, they still can't guarantee you success in crypto trading especially as a newbie or new comer like you. Even expert on trading are still not finding it easy to scale through due to it high volatility in nature talk more of a new beginner.

Crypto trading is the most complicating aspect in the crypto currency businesses, is more of gambling, you are at the high chances of losing than gaining.

I rather suggest, you invest in a long-term investment that is more save and insured instead of risking your hard earned money on trading that is more likely to be gamble or a get rich scheme.