What mistakes do our beginners make most often?
1. The mistake – not to read the Documentation on the platform before trading.
Our bots have a lot of flexible settings, and it’s impossible to understand everything about their work after asking just two or three questions in a chat.
Financial instruments require respectful treatment, otherwise you will not get profit from them. Spend enough time for self-education – and the result will please you at a distance.
We would especially like to mention such a resource as the Veles User Community in Telegram. Join our chat, follow the News and discussions, make friends – and you will never be left alone with your questions.
2. The mistake – to allocate too much money to the bots deposit.
Trading is a high-risk activity, and even professionals with many years of experience periodically incur losses – they just know how to control their size. We strongly advise you to start trading only with as much funds as you can consider as “tuition fees”. When you are promised “X’s” at trader courses, remember that this is the best possible scenario, but it is far from guaranteed. Study the proposed materials, do not hesitate to ask again the incomprehensible, literally at every step, so that everything works out for you. We provide information support, because Veles earns only when you make a profit.
3. The mistake – not to handle the situation of stopping the bot with an error.
The Veles platform is an intermediary between you and the exchange. In case of all erroneous situations, you need to check how the error was reflected on the exchange itself, and not just “knock” on the bot so that it starts up again. The remaining open position, forgotten orders – all this can lead to loss of funds. Novice traders should always check with the Support for the correct procedure.
4. The mistake – to believe the promises of scammers.
Cryptocurrency is an area where scammers are actively working. Sometimes, you just need to add yourself to a chat on the subject of cryptocurrencies, and you will receive interesting offers (in private messages or you will be added to groups) – quickly, easily and safely earn money, participate in an urgent cashback promotion, or save your funds from a failure on the exchange, or undergo advanced training, and so on. Do not transfer any funds anywhere, check the information in the Community, double-check who is actually writing to you.
5. The mistake – to launch too many bots at once.
It is not recommended to start more bots than you can control manually, without using locks. When setting up locks, experience and a clear understanding of the mechanics of trading are required, and some mistakes by beginners lead to the fact that the lock does not work as expected.
6. The mistake – to launch several bots for the same coin and algorithm.
Please, until you have learned how to set up locks, create no more than one bot for each coin. Otherwise, conflicts and processing errors are possible – the bot will show you profitable deals, but in reality there will be losses on the exchange.
