The first question is often how to get started. Start by educating yourself on the basics of cryptocurrency and blockchain technology. Understanding the basics, such as how the blockchain works, methods for storing tokens (including different types of wallets), and strategies for avoiding scams (such as honeypots), is critical.

Educational resources can include online courses, books, or reputable websites such as Binance Academy and Investopedia. Regardless of the source, it is important to verify the information. Verify the credibility of any advice, even if it comes from a trusted person.

Another common question is how much money to start with. For beginners, it is advisable to start with a relatively small amount. This approach allows you to gain experience and understand market dynamics without risking a significant portion of your savings or becoming disillusioned with the crypto market early on.

It is important to remember that smaller investments have lower potential returns and carry proportionally less risk.

As your familiarity with crypto trading increases and you gain a better understanding of the market, consider gradually increasing the amount you invest. Diversifying investments across different cryptocurrencies and strategies can also help manage risk effectively.

This advice is ubiquitous, yet it seems that many do not heed it: refrain from trading on emotion and resist the urge to seek revenge on the market. Stop these practices immediately. If necessary, leave the trading platform and return later with a clear mind.

Kepp a trading journal: document every action taken in the market, including all trades and mistakes. While this practice may not be enjoyable, it is instrumental in fostering continuous improvement.

Commit to ongoing growth and education. Numerous free resources are available to aid in this endeavor. Engaging with these materials can enhance understanding and proficiency in crypto trading.