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Tips on trading on the stock exchange for beginners

This article is for beginner traders like me, fighting hamsters who want to start trading on the crypt currency exchange but don't know where to start or are just afraid (and do it right).


About the nuances of various trading strategies, stop losses, exchange glasses will be a separate material. And here I want to share important tips, aimed more at the behavior and attitude towards trading cryptographic assets. I have collected these recommendations after reviewing a huge amount of resources, some of them will be my personal conclusions, and some of them belong to experienced traders such as Chris Dunn.


Let's start with the main one. If you want to make a lot of money easily and exit the market right away, give up the idea. The Easy Money stage has passed and it is unlikely to be repeated in the near future. The market has almost found a balance and you can double or triple your initial capital only in the long term.


According to statistics, only 5% of traders increase their assets from year to year, the remaining 95% close positions at zero or with losses. Do you need it? Live in constant tension and shudder at any news that could bring down the value of your investment.


Trading is both a profession and a lifestyle. It takes a lot of time to learn how to understand market signals, "read" charts and correctly determine trends. You will have to read professional literature, monitor news and stock market reports. A lot will have to learn anew, including working on their psyche and stress resistance.


Hopefully, this cold water has cooled your fervor, and you will continue reading, realizing all the risks that lie ahead.


Once you start your trading activity, you need to learn not to be afraid of market collapses, price adjustments, and possible loss of all your investments. Fear, greed and doubt are the three companions of any trader. Learn to get along with them - there will be a chance to become successful.


Do not trust anyone. Neither experts who offer "real" schemes of quick earnings, nor "pros" who tell about their unprecedented earnings last week.

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Do not follow blindly advice from chat rooms on exchanges, forums and various messengers. Including these recommendations. Divide everything in two! Put all in doubt. Each decision should be made by you without any outside influence. To think for yourself is an important step to success.

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