What to pay attention to when entering the cryptocurrency world!!!
Use Binance: Although you still need to stay vigilant, Binance, as the platform with the most complete ecosystem, best liquidity, and relatively most standardized operation, is indeed the choice with the lowest overall risk. Your advice is pragmatic.
Go with the trend: This is the first rule in trading. "The trend is your friend," never try to catch a falling knife. Judging the direction of the trend and trading along that direction is the foundation for making profits.
Be patient: This is the highest realm of trading psychology.
Refrain from blindly taking action, wait for your high-probability opportunities.
Refrain from pride and restlessness after making profits, maintain consistency in your strategy.
Refrain from the impulse for revenge trading after losses, stay calm.
If you do not analyze the market, you are just a lamb to be slaughtered.
Reading several books about trading is better than anything else.
Invest in yourself: Spend money on books, systematically learn technical analysis, fundamental analysis, market psychology, and money management. This knowledge is a weapon that others can never take away from you.
Establish a system: Through learning and practice, form your own validated trading system (including when to enter, when to stop loss, when to take profit, and how to manage positions).
Be self-responsible: Be responsible for every trade you make. Know why you made a profit and understand where you went wrong when you lose, then correct your system.
In this market full of traps and malice, give up all illusions and dependencies, establish rules through your own learning and practice, restrain your temperament, and be responsible for yourself. This is a lonely path of self-redemption. $ETH #加密市场回调
