It is necessary to know the rules of trading, otherwise you are at risk of losing all your capital. Here is a set of rules that I consider necessary:1- The first advice is to invest a little in yourself and learn new skillsfrom trading experts, especially from people who work with specialized platforms or sites known for their credibility, so that even if you pay some money, they will return to you with trading skills and strategies that are useful to you.2- Do not chase green candles and do not buy after currencies rise suddenly. Green candles are selling areas and red candles are buying areas. Know that buying is at the bottoms and selling at the peaks. It is good to enter after the correction and at a support point and if there is a clear accumulation. It is better and safer.3-Rely on fundamental analysis in your analyses, as it is the primary driver of the market, while technical analysis is subordinate to fundamental analysis.4- Avoid storing cryptocurrencies in digital currency trading platforms: The general rule is to store in wallets and trade in exchanges5- Do not put all your eggs in one basket. Your emotions and enthusiasm for a cryptocurrency should in no way lead you to bet on one currency. It is always better to invest in several digital currencies. Distributing assets over several places protects against a major loss in the event of a decline in the currency. One of the most important points of risk management is the rule of not putting all your eggs in one basket.6-Do not enter against the general direction of the trend. Do not enter against the trend, regardless of the temptations, and do not go against the general trend. If the price is in a downward channel, it does not make sense to enter by buying. We look at the price channel on today's chart and then four hours.7- You should not risk more than you can bear to lose, as it is unreasonable to trade and trade in the digital currency market, which is known for its major collapses and fluctuations that afflict large capitals, as it is a high-risk market with high fluctuations. Always keep a portion of your moneyin the wallet frozen in fixed currencies such as USDT.8- Do not enter into deals in random currencies or trade in bad platforms. Perhaps your financial management was correct and your analysis of the currency was good, but the failure of the currency due to the lack of any project for it or the lack of sufficient volume will lead you to a loss as a result of the death of the currency and its deletion from trading platforms.9- Do you have a strategy for trading cryptocurrencies? If you do not have a specific strategy for trading digital currencies, you will continue to flounder. Set a trading strategy for yourself and respect it.
