Know 5 things before spot trading! Or may be a huge loss!

in Tron Fan Club8 months ago

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Assalamu Alaikum

how are you all? I Hope everyone is doing well? Many people want to do Spot Crypto Trading right now! Because this time the market is in a very good position! I will give 5 examples today. Trade according to these examples, I hope it will not harm you!

The first thing I want to say is that the Crypto Currency Market is very high risk, before investing, check and invest yourself, because even if you make a profit, you will have a share of the profit! Even if there is a loss, you will have part of the loss, I am not a financial advisor!

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1- Never trade your portfolio with all dollars! Because you will make a bigger loss while making a profit! Always use your Portfolio 10%-20% Dollar in a coin! Coin crashes most of the time, if you use the entire portfolio dollars in it, all dollars are lost!

2- Never do Future Trade! Future Trade is illegal! And you will profit from it for 10 days! Lose 1 day and all your dollars are gone! Future Trade will never leave you smiling. It's a kind of digital gambling!

3- If you think you will become a big man by trading!
Drop this thought. Always take trading as business! You can go very far slowly! But if you invest huge dollars in trading with the hope of becoming a big man, then your portfolio is going to lose all the dollars.

4- If you are new then learn more about trading first and get ideas then trade! Because you can profit from it but you can't keep the profit!

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5- Do an analysis before buying a coin! How to do? First, check the coin's own Twitter Page to see if they are active, and if Binance Exchange is listed, you must see if there is any Bad News about this coin, such as Delisted!
Many times without our knowledge, Binance delists some coins, causing a huge crash!
And check the Unlocked Date, if the coin is unlocked, the coin can crash a lot, so check it first!

Follow my five examples and then try trading!
Hope you don't have to face huge losses!
So this was my post for today, see you with something new until then everyone stay well!
Allah-Hafeez

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Nice trading advice you have provided friend, that's most appreciated, risking it all is never advised in the market

Spot trading is one of the safest trading method due to lack of leverage. It offers good return if patience is well applied but sometimes loses are eminent and therefore one should be very careful to avoid rugs. Thanks for this great piece

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