Very important for beginners
In the name of Allah
I prepared a post with the hashtag based on the advice of one of the followers
In the world of cryptocurrencies in general, when you want to enter and profit from it, it is important to have several things
👈 The first thing is patience; you will find the importance of this in all aspects of your life
👈 The second thing is to keep learning and persevering. This means you should not settle for something you heard, nor stop at something you read, but rather seek knowledge. Strive to learn about cryptocurrencies, about the projects through which cryptocurrencies are managed, about the mindset, and many other matters
👈 The third thing, which I see as one of the most important things to understand, is that when you enter any trade, do not enter an amount that you cannot afford to lose. Only enter an amount that you are capable of bearing the loss, and this is one of the fundamentals of trading
👈 The last thing, when you feel fear and lack of confidence in a particular currency or due to external influences on the crypto market, I advise you to work with the Dollar-Cost Averaging (DCA) strategy:
This means divide the amount you allocated into five or ten parts and buy a part at the current price and wait for more corrections to enter with other parts, but keep monitoring and informed
With this strategy, you will preserve your capital and multiply your profits as the currency rises, and if it happens to drop, you will only incur a loss that you can bear
These are some tips, and there is much more I will share with you soon
We ask Allah for success and guidance
#تعليم_تداول #علمني_السوق