My advice for traders in the cryptocurrency or traditional markets depends on their strategies and goals, but in general, here are some important guidelines:
1. Analyze the market well before making a decision
Use technical and fundamental analysis to understand market movements.
Follow economic and political news that may affect currencies.
Monitor the behavior of major investors (whales) in the market.
2. Manage risks wisely
Do not invest more than you can afford to lose.
Use stop-loss orders to protect your capital.
Do not put all your investments in one currency, but diversify your portfolio.
3. Avoid emotional trading
Do not let fear or greed affect your decisions.
Stick to your trading plan and do not get influenced by random daily fluctuations.
Wait for well-studied opportunities instead of random trading.
4. Focus on the appropriate time horizon
If you are a day trader, focus on technical analysis and short-term trends.
If you are a long-term investor, focus on the fundamentals of the assets you are investing in.
5. Continuously monitor the market and update your strategies
Markets change rapidly, so stay informed about analyses and forecasts.
Use tools and platforms that help you track real-time data.
6. Avoid high leverage trading without experience
