๐Don't spend a large amount of money at once
Cryptocurrency is very volatile. Start with $200 instead of buying $1000 at once.
๐Security
A shared email account is not suitable for registering on cryptocurrency exchanges. It's better to register a separate email and use it only for digital coin transactions.ย
๐Trade small transactions
Aim for small profits first, and only then increase your deposit.ย
๐Never buy on margin (credit)
If you got it right - you can get considerable profit. If you are wrong - you will owe much more than you invested.ย
๐Diversification in business
Never invest all your money in one financial instrument, including holding cryptocurrency.ย
๐Don't hold losing positions
If the value of a cryptocurrency declines - consider selling all or half of it. Don't let small losses turn into big ones.ย
๐Make a clear trading plan
A plan should help you decide when to buy or sell.
๐Use Technical Analysis
Technical analysis can be used as a clue - when to enter or exit a position.ย
๐It is better not to keep large amounts of money in cryptocurrencies.
There is always a risk of hacking. Therefore, it is best to keep money in OWNR Wallet.
๐Practice on a demo account
If possible, practice on a simulator before you trade with real money.
