Trading basics for stocks and crypto 📈: 5-Step Guide ⚡️ Hamster Academy

⚡️Hamster Academy⚡️

Hey Hamsters! 🐹 Can you imagine that if you had invested 10 years ago a mere $4,000 in Bitcoin, you could’ve been a millionaire at today’s Bitcoin prices? Did I catch your attention? Today we’ll be talking about the basics of trading — both in the stock market and in the exciting world of crypto. We'll start with traditional stock trading (or "STONKS"), discussing the importance of education and understanding the market, different types of investments like stocks, ETFs, and mutual funds, and basic trading strategies. Next, we'll guide you through opening a brokerage account, choosing a reliable broker, and the benefits of using educational resources or simulated trading platforms. We'll also explore developing a trading plan, from fundamental and technical analysis to setting entry and exit points, determining position sizes, and implementing risk management strategies. After covering stock trading, we shift gears to crypto trading with a 5-step guide: setting up a crypto exchange account, funding your account, choosing the right cryptocurrency (from Bitcoin to altcoins and meme coins), selecting a trading strategy (like HODL or trading breakouts), and securing your assets through proper storage options. Learn about the risks and rewards of crypto trading, the importance of choosing a trustworthy exchange, and the best ways to store your assets safely. Whether you're interested in traditional stocks or the volatile world of crypto, this video will equip you with the knowledge to start your trading journey confidently. Don't forget to like, comment, and subscribe to Hamster Kombat for more insights and tips 💪

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🚀 Watch every video closely to get clues that you can use later

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Excellent guide on the fundamentals of trading for both stocks and crypto! Your 5-step approach provides a clear and practical roadmap for beginners looking to navigate these markets.

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