above all, you should always set a stop loss, even if it's a loss; at least you won't lose all your entries. a tip for beginners 👍
Mayerrr
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Bearish
#activo /I have just entered the world of cryptocurrencies and I have been reading everyone's posts. In one of them, I fell into the madness of making quick trades. At first, it went quite well, but then what was bound to happen occurred due to greed, a cross liquidation that wiped out my assets.
#wct Do you know about?🙀💥😻 let me tell you about this coin 💫
WalletConnect Token (WCT)🔥
- *Current price*: The price of WCT is approximately $0.3196 USD, with an increase of 0.98% in the last 24 hours. - *Market capitalization*: The market capitalization of WCT is $59.5 million USD, with a fully diluted market capitalization of $319.6 million USD. - *Supply*: The total supply of WCT is 1 billion tokens, with 186.2 million tokens in circulation. - *Use*: WCT is used to incentivize the community of users, applications, and wallets to contribute to a better on-chain future through shared incentives ¹.
*Where to buy WCT*
You can buy WalletConnect Token (WCT) on various centralized cryptocurrency exchanges, including: - *Binance*: The most popular exchange for buying and trading WCT, with a trading volume of $9,246,132 in the last 24 hours. - *Bitget*: Another popular option for buying and trading WCT. - *MEXC*: Also offers trading pairs for WCT.🌟🌟
#OrderTypes101 How many types of Orders are there? Do you know what they are or how to differentiate them simply? Here’s a quick overview 😉
Types of orders in cryptocurrency trading:
1. Market Order: Buy/sell at the current price. 2. Limit Order: Buy/sell at a specific price. 3. Stop-Limit Order: Combines stop and limit. 4. Stop-Loss Order: Automatic sale if the price drops. 5. Take-Profit Order: Automatic sale if a target is reached. 6. Trailing Stop Order: Adjusts the selling price according to the market. 7. Fill or Kill (FOK): Immediate execution or cancellation. 8. Immediate or Cancel (IOC): Partial execution or cancellation. 9. Good Till Cancelled (GTC): Active until execution or cancellation.$BTC $ETH $BNB
- Centralized exchange platform, where an entity controls and manages the transactions. - Examples: Binance, Coinbase, Kraken. - Advantages: - Higher liquidity and trading volume. - More user-friendly interface. - Greater variety of available assets. - Disadvantages: - Higher risk of hacks and fund theft. - Less control over one's own funds. - Possibility of censorship and asset freezing.
*DEX (Decentralized Exchange)*
- Decentralized exchange platform, where transactions are conducted directly between users without intermediaries. - Examples: Uniswap, SushiSwap, PancakeSwap. - Advantages: - Greater security and control over one's own funds. - Lower risk of hacks and fund theft. - Greater privacy and anonymity. - Disadvantages: - Lower liquidity and trading volume. - More complex user interface. - Greater complexity for new users.
In summary, CEX offers a more traditional and user-friendly experience, but with higher security and control risks. DEX offers greater security and control, but with a more complex experience and lower liquidity.😉
#TradingTypes101 Do you want to know how to start trading? Here are some tips to help you get started 🥳👍🏻
*1. Research and educate 📚*
- Learn about financial markets: understand how stock, currency, commodities, etc. markets work. - Study technical analysis: learn to read charts, identify patterns, and use technical indicators. - Study fundamental analysis: learn to analyze the economy, industry, and companies to make informed decisions. - Keep your knowledge updated: follow the news and market trends to stay current.
*2. Define your goals 🎯*
- Set clear goals: how much do you want to earn? In how much time? - Set realistic goals: do not set impossible or unrealistic goals. - Create a trading plan: establish a strategy and an action plan to achieve your goals.
*3. Manage risk 🚨*
- Set loss limits: determine how much you are willing to lose on each trade. - Use stop-loss: set a stop-loss price to limit your losses. - Diversify your investments: do not put all your eggs in one basket. - Do not exceed your limits: do not get carried away by emotion and do not exceed your loss limits.
*4. Diversify 🥚*
- Invest in different assets: diversify your investments across different assets, such as stocks, bonds, currencies, etc. - Invest in different markets: diversify your investments in different markets, such as stock markets, currencies, commodities, etc. - Use different strategies: employ various trading strategies, such as day trading, swing trading, etc.
*5. Stay calm 😌*
- Do not let emotions take over: do not be swayed by fear or greed. - Stay calm in times of volatility: do not be carried away by emotions during market volatility. - Make rational decisions: make decisions based on analysis and logic, not on emotion.
#WLD is at its largest drop. What are you waiting for? It's time to sell your $WLD or use spot to take it down. It's going to the ground, do it NOW!!!!💥💥
$LPT It's crazy 😲 it rose in just a few hours and is now at its sales peak. Another bounce is expected, and it will go up much more. It's your opportunity to buy and sell high 🤩💵🤑🤑🤑🤑
Those that rise to the moon always end up on the ground!!💥 The coins that rise very quickly also crash faster, these coins will not account for their fall in the next few hours💥😶🌫️ If you have them, it's time to sell SELL THEM!!!!💥💵$TRB $BMT