What are the most common mistakes made by beginners in the cryptocurrency trading?

1 answers

• Dec 20, 2021 · 3 years ago
  One of the most common mistakes made by beginners in cryptocurrency trading is not using a reputable exchange. There are many exchanges out there, but not all of them are trustworthy. It's important to do your research and choose an exchange that has a good reputation and a strong security track record. This will help protect your funds from hackers and other security threats. Another mistake beginners make is not using proper security measures. It's important to use strong, unique passwords for your exchange accounts and enable two-factor authentication whenever possible. This will add an extra layer of security to your accounts and help prevent unauthorized access. Lastly, beginners often make the mistake of not keeping track of their trades. It's important to keep a record of all your trades, including the date, time, and price of each trade. This will make it easier to calculate your profits and losses for tax purposes and help you make more informed trading decisions in the future.
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