Step-by-step guide for beginners. Learn the basics before you risk real money.
Cryptocurrency is digital money that runs on blockchain technology. Bitcoin (BTC) is the first and largest. Ethereum (ETH) is second. There are thousands of others (altcoins).
Trading means buying and selling assets to profit from price changes. You buy low, sell high (or sell high, buy low with short positions). The goal is to make more on winning trades than you lose on losing trades.
Spot trading: You buy actual crypto. You own it. Lower risk.
Futures trading: You trade contracts. Can use leverage (borrow money). Higher risk, higher reward. Beginners should start with spot.
Entry: The price you buy/sell at.
Stop Loss: Automatic sell if price drops (limits your loss).
Take Profit: Automatic sell when price reaches target.
R/R (Risk/Reward):
You need an exchange to buy, sell, and trade crypto. Here are our recommended exchanges with sign-up bonuses:
Sign up on multiple exchanges to compare prices and take advantage of different bonuses. Always use 2FA (two-factor authentication) for security.
The #1 reason is NOT bad signals — it's bad risk management. Read this section carefully.
Never risk more than 2% of your account on a single trade.
| Account Size | 2% Risk | Stop Loss Distance | Position Size |
|---|---|---|---|
| $1,000 | $20 | 1% | $2,000 |
| $5,000 | $100 | 2% | $5,000 |
| $10,000 | $200 | 2% | $10,000 |
Our Kelly Calculator tells you the mathematically optimal position size based on your win rate and risk/reward ratio. Start with Quarter Kelly (25%) for safety.
Example: $10,000 account, 2% risk = $200 risk. If stop loss is 2% away, position size = $200 ÷ 0.02 = $10,000.
Subscribe to our Telegram bot or check the website for real-time signals. Each signal includes: entry price, stop loss, take profit, and a score (1-10).
Before entering, calculate how much to buy based on your risk tolerance. Use the 2% rule or our Kelly Calculator.
Place your entry order, set your stop loss, and set your take profit. Do this immediately. Don't wait "to see what happens."
Don't watch the chart. Don't check your phone every 5 minutes. The signal either hits your stop or your target. Trust the math.
Write down: entry, exit, why you took the trade, how you felt, and the result. Review weekly. This is how you improve.
Using 10x, 50x, or 125x leverage. One small move against you and you're liquidated. Start with 1x (no leverage) or max 3x.
"It'll come back" is the most expensive sentence in trading. Always use a stop loss.
After a loss, you trade again immediately to "make it back." This usually leads to bigger losses. Walk away.
Chasing a pump because "it's going to the moon." By the time you see it, it's usually too late. Wait for the next setup.
You don't need to be in a trade every day. Quality over quantity. Wait for high-probability setups.
Successful traders follow rules. They don't let fear or greed dictate their decisions. Here's how:
Losses are part of the game. Even the best traders lose 40-45% of the time. What matters is that your wins are bigger than your losses.
Write your rules down. Tape them to your monitor. If your rule is "2% max risk," never break it. No exceptions.
Each trade is a coin flip. You can do everything right and still lose. That's okay. Over 100 trades, the math works in your favor.
Write down every trade. Review weekly. This is how you find patterns in your behavior and improve.
Start with $100-$500. Learn the mechanics before risking serious money. You can trade with small amounts on any exchange.
Most exchanges offer demo accounts. Practice with fake money until you're consistently profitable. There's no shame in paper trading — it's how professionals train.
Always. Every time. No exceptions. A stop loss is your seatbelt. You don't drive without one.
Don't put all your money in one coin. Spread your risk across 3-5 positions maximum.
Understand support/resistance, trend lines, volume, and basic indicators (RSI, MACD). You don't need to be an expert, but understand the basics.
Follow crypto news. Major events (regulations, hacks, partnerships) move the market. Our dashboard shows real-time market data and news.