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Milad
@miladshahbaba
A Quick Guide to Working in the Market ---- Part1 You probably already know that any kind of market can be exciting due to its high volatility and potential for rapid growth, but it might be a good idea to go over the basics together. Because losses can hit you harder than you think—sometimes closer than you’d expect! In this thread, we’ll go over the fundamentals
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Milad
@miladshahbaba
1/12 The Basics – Blockchain: A chain of blocks used to record transactions. – Cryptocurrency: Digital money. – Mining, Tokens, Smart Contracts. Do some reading: Check out the official Bitcoin and Ethereum websites, as well as free online courses
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Milad
@miladshahbaba
2/12 Setting Goals and Budget – Short-term (Trading): Daily/hourly fluctuations. – Medium-term (Swing): A few weeks to a few months. – Long-term (HODL): Months to years. My suggestion: Allocate no more than 5–10% of your extra capital to crypto.
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Milad
@miladshahbaba
3/12 Choosing an Exchange – CEX (Centralized Exchange): Like Binance or Coinbase—you sign up, verify your identity, and they handle everything. They’re easier to use and offer support, but they hold onto your private key (your transaction password).
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Milad
@miladshahbaba
3/12 Continued... DEX (Decentralized Exchange): Like Uniswap or PancakeSwap—you trade without signing up or using a middleman. Everything runs on the blockchain, so you’re in full control, but you might pay higher fees, and the interface might not be as user-friendly.
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