CryptoCurrency Security Standard (CCSS) Tips

How To Stay Safe In The Crypto Space. 

Crypto space can be so emotional if you're yet to understand the importance of these FACTS

Learning
Beginners guide
Risk management

Learning: In this space, the power of learning can and should neither be overlooked nor underrated. If you don't dedicate yourself to learning, you'll learn the hard way which might even results in liquidation and unnecessary losses. Spend quality time watching your training video especially on Technical Analysis and possibly rewatch them but try to avoid Tutorial Purgatory.


Beginners Guide: If you're not informed, you'll definitely be deformed, this means loss of assets in the crypto space. Here's one of the key fact you should know if you're a learner.
After analysing your trade you shouldn't test it on futures but spot. Futures expose you to lot of loses and profit, understand the risk involved before you get carried away by the huge profit. Here's the secret why people keep losing money to the market. Once you lose in your first trade, there's that possibility you become emotional and once your emotion hypes, you keep losing more money. So if you lose in a trade, cool off first before entering another trade. Your asset is lost forever but there will always be more chances to trade again.


Risk Management: Am of an opinion that risk management should be well understood before starting to trade. This is very important because you can grow your small capital into a huge portfolio if you deploy a proven risk management strategy. Understanding how much to trade and how many trades to enter at a time can help you stay safe from liquidation. Understand when to increase and when not to increase your leverage. If you're greedy, Crypto may and most likely  will not work smoothly for you.