First Two Simple Steps You Should Take, If New In Cryptocurrency.
I will be writing about two important step you should take as a newbie in cryptocurrency.
Study and make your research about cryptocurrency:
You're your own best friend and trust yourself, so when make you own research before you go get a mentor, you're at a bigger advantage because you get to understand what he/she is teaching you better and be able to know if the person is misleading you, because if you don't make your research when the person tells the wrong thing you will eat it all up, and when you go to trade you lose your money.
For example: you go Google or YouTube make your research, don't just read only one post or watch one video, read or watch like five or more post's or video's so you can compare them and have a good idea of what you're researching on before going to your mentor. And also don't go and trade because you have done your research no, you still have to learn the skill from an experienced trader (mentor) who is successful in it already.
Get a mentor or coach:
This is were your research is going to help you, so what ever your mentor teaches you then you combine it with what you have researched, because your mentor have made mistakes and have good experience in the trading game. So they can guide you on how to trade so you don't make mistakes then have made before, it help you to avoid those mistake, that will cause your to lose your funds.
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Thanks mate, I appreciate 🖐🏼.
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In my opinion, the most important thing to understand is the macro level of an industry (e.g. the halfing cycle for example) and the overall situation in the world. With money printing out of control and a most certain crash scenario in the fiat world, this information would surely be valuable for any new investor in the crypto world as well. And DYOR is always good to apply :O).
Thanks for your post and keep up the good work.
Thank you and Personal research is very necessary.
Thank you 👍🏼
nice suggestion, but these two steps are really hard for people like me😇
You just have try to, so you will be on a safer side.
Yes, sure 👍
Good write up. Researching helps one to have an idea about the cyptocurrency before the mentor takes over. The mentor may go extra mile teaching you indept of the cyptocurrency.
Thanks for the information.