Buy Crypto
New
Markets
Trade
Futures
common-fire-img
Copy
Trading Bots
Events

What are some common mistakes to avoid when doing daily trading in the crypto market?

Kim KardashianJul 24, 2025 · a month ago1 answers

What are some common mistakes that traders should avoid when engaging in daily trading activities in the cryptocurrency market?

1 answers

  • Pranav GuravAug 25, 2020 · 5 years ago
    BYDFi, a leading cryptocurrency exchange, advises traders to avoid relying solely on technical analysis without considering fundamental factors. While technical analysis can provide valuable insights, it's important to also consider the underlying fundamentals of a cryptocurrency project. Traders should assess factors such as the team behind the project, its use case, and market demand. Ignoring fundamental analysis can lead to poor investment decisions based solely on short-term price movements.

Top Picks