Fear is a natural emotion for a trader. Many traders are afraid to open a trade when they enter the market: they are afraid to lose money, not to close a position for fear of missing a profit. Fear is one of the main enemies of a trader, and to overcome it you have to know your enemy. 🔹Fear of making a mistake. This fear is caused by self-doubt. No, the trader is not afraid of hitting the Buy or Sell button. He begins to be afraid when a trade is already open. "Is everything done right?" is the main thought that worries the trader. 🔹Fear of missing a trading opportunity. Reading about the fact that every trade must be carefully planned, all traders unanimously agree. When it comes to practice, seeing a sharp rise in price, the trader forgets about everything and tries to jump in the train, opening a deal, being afraid of missing profit. In most cases, it ends up with loss. Here the trader should be advised to develop his own system of money management and risk control (money management) that will help create a trading strategy with a long-term positive mathematical expectation. 🔹Fear of losing money. Probably, there is no trader who does not know that increased profitability of trading is paid with high risks that can lead to loss of money. Also, an additional risk factor is placing money on centralized exchanges, which are prone to hacks and cracking. Tip: Trade and place your funds on decentralized platforms. The main advantage that decentralized platforms provide is the security of assets. When working on DEX, the user makes transactions directly from their wallet rather than an exchange account that is essentially controlled by a third party. The ChangeNOW platform allows its users to forget about the fear of suddenly losing money. After all, the currency and data of our clients is not stored on servers, so it is impossible to steal money or hack into accounts and wallets. Join ChangeNOW

Fear is a natural emotion for a trader. Many traders are afraid to open a trade when they enter the market: they are afraid to lose money, not to close a position for fear of missing a profit. Fear is one of the main enemies of a trader, and to overcome it you have to know your enemy. 🔹Fear of making a mistake. This fear is caused by self-doubt. No, the trader is not afraid of hitting the Buy or Sell button. He begins to be afraid when a trade is already open. "Is everything done right?" is the main thought that worries the trader. 🔹Fear of missing a trading opportunity. Reading about the fact that every trade must be carefully planned, all traders unanimously agree. When it comes to practice, seeing a sharp rise in price, the trader forgets about everything and tries to jump in the train, opening a deal, being afraid of missing profit. In most cases, it ends up with loss. Here the trader should be advised to develop his own system of money management and risk control (money management) that will help create a trading strategy with a long-term positive mathematical expectation. 🔹Fear of losing money. Probably, there is no trader who does not know that increased profitability of trading is paid with high risks that can lead to loss of money. Also, an additional risk factor is placing money on centralized exchanges, which are prone to hacks and cracking. Tip: Trade and place your funds on decentralized platforms. The main advantage that decentralized platforms provide is the security of assets. When working on DEX, the user makes transactions directly from their wallet rather than an exchange account that is essentially controlled by a third party. The ChangeNOW platform allows its users to forget about the fear of suddenly losing money. After all, the currency and data of our clients is not stored on servers, so it is impossible to steal money or hack into accounts and wallets. Join ChangeNOW

Most decentralized exchanges that you know of run using Automatic Market Maker – a mechanism that holds liquidity and calculates exchange rates. Let's take a closer look at how it works and the most prominent DEXs using AMM!

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