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10 golden rules for successful use of cryptocurrency

๐Ÿ“ŒDon't spend a large amount of money at once

Cryptocurrency is very volatile. Start with $200 instead of buying $1000 at once.

๐Ÿ“ŒSecurity

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 

๐Ÿ“ŒTrade small transactions

Aim for small profits first, and only then increase your deposit.ย 

๐Ÿ“ŒNever 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 

๐Ÿ“ŒDiversification in business

Never invest all your money in one financial instrument, including holding cryptocurrency.ย 

๐Ÿ“ŒDon'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 

๐Ÿ“ŒMake a clear trading plan

A plan should help you decide when to buy or sell.

๐Ÿ“ŒUse Technical Analysis

Technical analysis can be used as a clue - when to enter or exit a position.ย 

๐Ÿ“ŒIt 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.

๐Ÿ“ŒPractice on a demo account

If possible, practice on a simulator before you trade with real money.

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