Whether you’re a crypto expert or just getting your feet wet with investing, there’s plenty to be aware of when trading your way through the cryptocurrency industry. Unlike in traditional markets, cryptocurrency trading is chock full of volatility, nefarious players, and irrational price movements.

In this article, we’ll teach you about some of the common mistakes in cryptocurrency trading and how you can avoid them.

Mistake #1: Chasing Pumps aka FOMO
Probably the most common (and easiest) mistake to make in cryptocurrency trading is buying into a coin after it’s already risen a significant amount. Investors that bought into Ripple (XRP) and Tron (TRX) at the peak of their runs in 2017 definitely felt the pain just a few weeks later in 2018. It may be your instinct to throw some money in the ring when you see a coin shoot up 30-40% because it’s “hot.” Don’t.