If you are new to the space stay away from leverage and use spot until you have gained experience trading and analysing charts. Newbies often think that leverage is a get rich quick scheme when in reality for inexperienced traders using leverage results in much larger losses
๐#Crypto Advice for newbies no.1 ๐
Risk management:
Never risk what you cannot afford to lose. When trading with or without leverage ALWAYS use a stop loss to protect your capital when a trade isnโt going your way.
Sometimes no trade is the best trade, do not try and force a trade if one doesnโt present itself. Protect your capital until you find a trade which you are comfortable taking.