One, Basic Operations of Exchanges (Familiarize within 1-2 days, no technical threshold)
• Registration and Authentication: Choose compliant exchanges (such as Binance, OKX), complete mobile phone/email registration + real-name authentication (KYC), and familiarize yourself with the identity verification process;
• Fund Transfer: Understand the transfer logic of "fiat account → spot account → contract account" and distinguish between USDT and other cryptocurrencies' transfer rules;
• Practical Buying and Selling: Learn how to place spot orders (limit orders/market orders), set stop-loss and take-profit levels, and familiarize yourself with the entire process of buying cryptocurrencies (fiat trading → spot exchange), and selling cryptocurrencies (spot → fiat withdrawal);
• Basic Understanding: Clearly distinguish between spot trading (direct buying and selling of cryptocurrencies, with no leverage) and contracts (leverage trading, magnifying returns/risks);
• Information Query: Know where to look for cryptocurrency market data (K-line charts), trading volume, market value, announcements, and other basic data.
Two, Understanding Underlying Logic (Establish Basic Market Judgments)
• Price Fluctuations: Core driving factors (supply and demand, policy regulation, technological upgrades, capital inflow, market sentiment);
• Exchange Selection: Prioritize compliant, high liquidity, and highly secure platforms, and avoid unlicensed or small-scale exchanges (to prevent running away);
• Cryptocurrency Selection: Prioritize mainstream coins such as BTC/ETH (high market value, good liquidity), and stay away from obscure altcoins (high risk of going to zero);
• Whale Influence: "Whales" refer to large holders whose concentrated buying and selling can temporarily affect the price of cryptocurrencies (such as large sell-offs or buy-ins), so watch out for their operational traces.
Three, Build a Dedicated Trading System (Core Practical Framework)
• Market Judgment: Determine your own analysis method (such as technical analysis looking at K-line/indicators, fundamental analysis looking at project implementation/ecology);
• Trading Rules: Clarify entry conditions (such as breaking key levels, trend confirmation) and exit conditions (stop-loss/take-profit trigger);
• Trading Frequency: Set short-term/medium-term/long-term strategies, avoid frequent trading (reduce fees + lower error rate);
• Focus on Targets: Do not be greedy, focus on 1-3 familiar cryptocurrencies, and delve into their volatility patterns.
Four, Position Management (Control Fund Exposure Risk)
• Basic principles: Do not fully invest, do not heavily invest, and the position of a single cryptocurrency should not exceed 30% of the total funds;
• Build Positions in Batches: Avoid investing all at once, and enter in 2-3 batches (for example, initially invest 30%, add another 30% on pullbacks, and keep 40% as backup);
• Dynamic Adjustment: Adjust positions based on the strength of the market (if the trend is clear, it can be increased to 50%, reduce to below 20% in a choppy market);
• Rolling Position Adaptation: If using a rolling position strategy, strictly follow "add to position with floating profit," and do not easily touch the principal.
Five, Risk Control (Protecting Capital Bottom Line)
• Stop-loss Must Be Set: The stop-loss for a single transaction should not exceed 2% of the total funds to avoid excessive single losses;
• Leverage Restrictions: Beginners should avoid high leverage (≤3 times), and contract trading requires familiarity with the rules before trying;
• Diversify Risks: Do not invest all funds in a single cryptocurrency/strategy, and use stablecoins to hedge risks;
• Scam Awareness: Be wary of phishing links, fake airdrops, and investment scams, and protect your private keys and account security.
Six, Trading Mindset Management (Avoid Emotional Decision Making)
• Refuse to Follow the Crowd: Do not blindly chase highs and sell lows, and do not be lured by "hundred times coins" or "insider information";
• Accept Losses: Acknowledge that trading has mistakes, stop-loss is a normal cost, do not hold on to losing trades, and do not emotionally average down;
• Maintain Patience: Wait for opportunities that meet your trading system without rushing for success (missing out is better than making mistakes);
• Avoid Greed and Fear: Do not be greedy when making profits and do not panic when incurring losses; replace emotions with rules.#市场分析
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