10 golden rules for successful use of cryptocurrency
📌Don't spend a large amount of money at once
Cryptocurrency is very volatile. Start with $200 instead of buying $1000 at once.
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.
📌Trade small transactions
Aim for small profits first, and only then increase your deposit.
📌Never 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.
📌Diversification in business
Never invest all your money in one financial instrument, including holding cryptocurrency.
📌Don'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.
📌Make a clear trading plan
A plan should help you decide when to buy or sell.
📌Use Technical Analysis
Technical analysis can be used as a clue - when to enter or exit a position.
📌It 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.
📌Practice on a demo account
If possible, practice on a simulator before you trade with real money.