Broex | Журнал

​What a novice crypto trader shouldn't do?

Crypto trading is a profitable, but very complex occupation with many nuances. Most of those who are new to the crypto market make mistakes resulting in loss of the deposit. The reason is insufficient preparation of newcomers, unwillingness to learn, but desire to earn easy money.⠀

❓What kind of mistakes do beginners make and how to minimize the risks?

When a beginner is starting out, the most important thing for him is to try to avoid mistakes, because someone already did them once, which means you can foresee and avoid failures.

❓Intuition and luck or experience and training?

Trading digital assets may seem simple and straightforward to novice traders - buy at the minimum peak, sell at the maximum peak. However, the crypto market is one of the most rapidly moving (volatile), and even a professional expert sometimes has difficulties predicting the bounces correctly.

Nevertheless, the pros in trading are guided by experience and strategy. Of course, intuition plays a significant role, but it's also based on experience and gained knowledge. That is why crypto trading needs to be constantly trained - you need to read the experts' literature and take advantage of their invaluable experience. Not only technical analysis is important to use competently, but also fundamental analysis, so it is always necessary to follow the news in the world.

You can apply your knowledge in practice, as demo accounts are designed for beginners.⠀

🔺Haste and ill-considered investments.

"Don't put all your eggs in one basket" is a very old saying, but it's as if it was specially invented for trading. If you invest all your funds in one cryptocurrency, even the most popular one, everything can end up in a bad way. The same applies to the first deposit. Invest as much as you can afford to lose.

To avoid such mistakes, seriously study the rules of funds diversification, the basics of risk and money management.

www.tgoop.com/cryptobroex/1893

1.6K viewsedited  Mar 22, 2022 at 15:23

​What a novice crypto trader shouldn't do?

Crypto trading is a profitable, but very complex occupation with many nuances. Most of those who are new to the crypto market make mistakes resulting in loss of the deposit. The reason is insufficient preparation of newcomers, unwillingness to learn, but desire to earn easy money.⠀

❓What kind of mistakes do beginners make and how to minimize the risks?

When a beginner is starting out, the most important thing for him is to try to avoid mistakes, because someone already did them once, which means you can foresee and avoid failures.

❓Intuition and luck or experience and training?

Trading digital assets may seem simple and straightforward to novice traders - buy at the minimum peak, sell at the maximum peak. However, the crypto market is one of the most rapidly moving (volatile), and even a professional expert sometimes has difficulties predicting the bounces correctly.

Nevertheless, the pros in trading are guided by experience and strategy. Of course, intuition plays a significant role, but it's also based on experience and gained knowledge. That is why crypto trading needs to be constantly trained - you need to read the experts' literature and take advantage of their invaluable experience. Not only technical analysis is important to use competently, but also fundamental analysis, so it is always necessary to follow the news in the world.

You can apply your knowledge in practice, as demo accounts are designed for beginners.⠀

🔺Haste and ill-considered investments.

"Don't put all your eggs in one basket" is a very old saying, but it's as if it was specially invented for trading. If you invest all your funds in one cryptocurrency, even the most popular one, everything can end up in a bad way. The same applies to the first deposit. Invest as much as you can afford to lose.

To avoid such mistakes, seriously study the rules of funds diversification, the basics of risk and money management.

BY Broex | Журнал