Here are some tips from a novice trader who lost half his money but made it back many times over:
1- Beware, beware, beware of greed. If you find yourself the winner of the deal or the currency increases by a small percentage, you can sell it and benefit from the gain, and when its price falls again, buy it again because the market is very, very volatile during the rise and fall of Bitcoin, and if you look at the price of most currencies a month ago In March, you will find it less than 20% of its current price, and its current price is determined due to speculation
2- Do not pay attention to people’s analyzes on this platform because they are directed. Example: A person who bought pepe tells you that the currency will increase 50% within minutes and shows you the drawings to create, but when the currency falls, no one will benefit you.
3- Bought at a stable decline and sold at a stable rise, and here I mean the word stable (resistance level).
4- When using financial leverage, you must have an amount of 10 times the amount used in the leverage so that you can support the deal in the event of an unexpected decline. That is, when you enter a financial leverage of $10, you must have $100, and it is preferable that the leverage does not exceed 5 or more. 10 to avoid liquidation risks
5-Select a group of currencies in your favorites, know the ceiling and bottom for each currency, and analyze it yourself
6- Do not participate in paid groups because the owners of these groups have something that makes them rich in the content they provide for what they provided in the first place.