Is perpetual trading in cryptocurrency suitable for beginners?

3 answers

• Dec 20, 2021 · 3 years ago
  Perpetual trading in cryptocurrency can be quite complex and volatile, making it challenging for beginners. It requires a deep understanding of market trends, technical analysis, and risk management. Additionally, beginners should consider their risk tolerance, time commitment, and financial goals before engaging in perpetual trading. It is advisable for beginners to start with simpler trading strategies and gradually gain experience and knowledge before venturing into perpetual trading.
  492246
• Dec 20, 2021 · 3 years ago
  Perpetual trading in cryptocurrency is not recommended for beginners who are unfamiliar with the crypto market. It involves high leverage and constant monitoring of positions, which can be overwhelming for beginners. Instead, beginners should focus on learning the basics of cryptocurrency, understanding fundamental analysis, and practicing with low-risk trading strategies. Once they have a solid foundation, they can consider exploring perpetual trading.
  457153
• Dec 20, 2021 · 3 years ago
  As an expert from BYDFi, I would say that perpetual trading in cryptocurrency can be suitable for beginners under certain conditions. Beginners should start with a small capital and use proper risk management techniques to protect their investments. It is crucial to have a clear trading plan, set realistic profit targets, and stick to disciplined trading strategies. Additionally, beginners should continuously educate themselves about the market and seek guidance from experienced traders or mentors.
  503126