1) First of all: Understand the platform
Know how to enter and exit the trade.
Understand the difference between:
Spot = Buying the currency and owning it.
Futures = Trading with leveraged contracts (very high risks, I do not recommend it for beginners).
Learn the platform interface: chart – orders – order book – buy and sell button.
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2) Do not trade without a plan
Ask yourself before entering:
Where will I enter?
Where will I exit if I lose? (Stop Loss)
Where will I take profit?
No plan = endless losses.
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3) Capital size matters
Don't put all your capital into one trade.
The best: Use only 3% to 10% of your portfolio in each trade.
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4) Don't chase strong rises (don't fomo)
The movement that rises quickly often corrects afterwards... wait for entry from support, not from the peak.
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5) Use supports and resistances
Support = potential buying area.
Resistance = potential selling area.
The more the price touches resistance without breaking it → the greater the chance of a decline.
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6) Learn only one or two indicators
As a beginner:
RSI: Shows you whether the currency is overbought or oversold.
MACD: Gives you signals that change direction.
And don't overload on indicators... one clear indicator is better than 5 without understanding.
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7) Don't leave the trade without a stop loss
The stop protects you from big losses.
Start even with a small stop.
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8) News is important
Before trading:
Is there an important announcement?
Is there a listing schedule?
Is there a network update?
News changes direction suddenly.
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9) Record your trades
Write:
Reason for your entry
Reason for your exit
Your profits and losses
This is the best way to develop.
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10) Calmness is more important than analysis
The market tests your patience, not your intelligence.
Don't get stressed and think with a cool head before hitting the buy button.$BTC
