Ready to start trading crypto? This comprehensive guide covers everything beginners need to know to trade safely and effectively.
Getting Started
Before trading, you need: a reputable exchange account, funds to trade, basic market knowledge, and a trading plan.
Understanding Order Types
Market Orders
Execute immediately at the current price. Best for quick trades but may have slippage.
Limit Orders
Set your desired price. Only executes if the market reaches your price. Better for planned entries.
Stop-Loss Orders
Automatically sell if price drops to a certain level. Essential for risk management.
Basic Technical Analysis
Learn to read charts and identify trends. Key concepts include support/resistance levels, moving averages, and volume analysis.
Risk Management Rules
- Never risk more than 1-2% per trade
- Always use stop-losses
- Don't trade with emotions
- Keep a trading journal
Common Mistakes to Avoid
- FOMO buying at highs
- Overleveraging
- Not taking profits
- Ignoring fees