I want to talk to you today about something that will benefit beginners in the field and shorten months of experience.
Firstly, this field has an unlimited earning potential, but it can also result in significant losses that can leave you paralyzed. As a business owner, you need to enter with more money than you actually need and be prepared for the possibility of major losses. You must have a strong heart and not be afraid of any downturns. As for starting capital, it is relative. For example, $300 in a rising market can easily double, allowing you to increase your capital. However, in a falling market, starting with $2000 can be
considered good for beginners. Your success will depend on correct entry points, proper money management, and the length of time it takes to earn profits.
Secondly, once you have the money, you must choose a secure platform to invest in. There are different opinions about which platforms are the safest, some recommend Binance and others suggest many other platforms. The most important thing is to be aware that all platforms play on your psychology. Therefore, you must know all the platforms and what they offer before making a decision. It is also essential to be disciplined in buying, for example, buying when the candlesticks are green, and not be swayed by emotions after buying.
Your mindset to sell should make you feel that your work will not be repeated. Red candles and price drops may make you think you are losing money, but remember that trading platforms make their profits from transactions, buying and selling fees. Look at the millions of transactions per day, and you'll understand what I'm saying. You must secure your account with all possible methods for your safety.
Thirdly, when you want to buy a currency, you should be smart. You can search for information on a coin, for example. If you don't listen to me, it's like getting married without asking about your partner. There are many sites like CoinMarketCap that rank coins and talk about what's new and what they will add to the market. Look at the
number of holders, the number of portfolios that own the currency. The more holders, the better. Also, check the market capitalization, which is the currency's value and its ability to grow. If you find a strong and relatively new currency, with a market cap of, say, one hundred million, it could reach a billion, ten times more, or even double soon. Also, look at the social community of the currency, such as Twitter, Reddit, and how interactive and believers they are. Check the watchlist, which indicates who is keeping an eye on the currency. This is a strong indicator that reassures you. Also, look at the chart of the currency. Does it have a natural rise and fall? You don't want to choose a currency that is always falling. Choose a currency that has small ups and downs. Once you have made
your selection, search on YouTube. If you find many videos about it, it's a strong indicator.
Fourthly, after settling on, say, ten currencies, the next important step is the entry zone. This means you should be strategic when buying. It's important to buy at a low price so that you can sell at a high price. Wait for the currency to reach a low point, and then buy. Don't buy at a high point, as this will cause you to lose money. Look at the chart, and you'll know when the currency is at a low point.
Fifthly, when you buy, set your target and wait for it to happen. Don't panic and sell as soon as the currency falls a little. Be patient, and wait for your target price to be reached. Once you reach your target, sell, and enjoy your profit.
Remember that investing in cryptocurrency is risky, but if you are smart and strategic, you can make a profit."
And there is no opportunity that will be missed by you, you will find currencies falling on the monthly frame, from its peak by ninety percent or more. Choose from your currencies that have the most decline, and if you have, for example, $10,000, enter with only a thousand at this time. Your goal should not be high, for example, you aim for a twenty percent profit and then exit or take your capital and profit for you are the units that are above a thousand dollars, and so on, according to your strategy. If it drops another fifty percent, do not reinforce it and buy another thousand. You came out as a winner. If it goes down, you still make money because its average price is strong, and your units have increased. I am talking about
strong currencies, folks, meaning that they will not disappear, for example. And please, do not activate a stop loss because it is a trap from my point of view. A nice red candle could make you sell at a level you have set, and then it goes back up a bit. The best thing you can do is to reinforce it in the fall. If it drops another fifty percent, it is even better. In the rising market, you buy, but there is no guarantee in the currency market. In a rising market, everyone hits each other, teacher. You cannot trust anyone and the recommendations in an ascending market. You collect your initial capital and set your own goals, for example, five times your capital. Trust me, it will happen, but if you buy from below, you could even get ten times your capital. And large currencies are not
meme coins, even when they reach your target, any currency that goes up must go down. Do not hold onto a currency and love it, for you will lose. Your goals are determined by yourself. Someone may be able to wait for years, and someone else may want to collect their profits in two months. It is up to you. If you want a quick deal, I advise you not to be daily. Buy and make a sell order and wait a week, but do not come every hour and say you are losing. You will feel frustrated and may sell daily, hoping to enter another currency that you see is rising. Trust me, your loss will increase, and you will say it is a scam.
In the end, the secret in this field is not like understanding analysis. The secret is good capital and good entry points with a defined and patient goal, away from greed. Thank you, my brothers, and may God bless you.
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