🤑How do I make a profitable trade in Perps?
To make a profitable trade with perpetuals in crypto, follow these steps:
Research: Analyze market trends and price charts for potential movements.
Use Leverage Cautiously: Start with low leverage to minimize risk.
Set Entry and Exit Points: Decide when to buy and sell based on your analysis.
Manage Risk: Use stop-loss orders to limit losses and only risk a small portion of your capital.
Stay Informed: Monitor news and events that could affect prices.
Be Flexible: Adjust your strategy as market conditions change.
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