Basic Knowledge
Prologue: The New Era of On-chain Trading
In the rapid evolution of blockchain technology, on-chain trading is establishing a new market paradigm. From the explosive growth of the Solana ecosystem in January 2024 to the landmark launch of the Trump token in January 2025, we are witnessing a transformative era full of opportunities and challenges. This represents not just a technological innovation, but a historic opportunity to reshape financial trading.
Beginner Level: Understanding On-chain Trading
As blockchain technology matures and ecosystems evolve, on-chain trading reveals its unique advantages:
- Market Transparency: Real-time access to all trading data, providing clear market insights
- Innovative Trading Models: Emergence of new trading mechanisms offering fresh opportunities
- Market Opportunities: Continuous flow of innovative projects and investment possibilities
- Risk Management: Technical approaches to identify and control potential risks
Intermediate Level: Mastering Trading Skills
In this rapidly evolving market, learn how to:
- Project Evaluation: Identify quality projects and build evaluation systems
- Risk Prevention: Trading security guidelines for asset protection
- Opportunity Capture: Market analysis and timing optimization
- Trade Management: Master slippage control and liquidity pool analysis
- Tool Utilization: Trading tools guide for enhanced efficiency
Advanced Level: Deep Insights
Master advanced trading skills:
- Market Analysis: On-chain data interpretation and trend analysis
- Technical Principles: Deep understanding of Bonding Curves and liquidity pool mechanisms
- Strategy Development: Build systematic trading methodologies
- Risk Control: Develop comprehensive trading risk management systems
This guide will take you from the basics through systematic learning, helping you master core on-chain trading skills and develop into a professional on-chain trader.
Learning Path
Phase 1: Basic Concepts
- Understand basic concepts of on-chain assets
- Learn different types of assets
- Master asset characteristics and risks
- Understand advantages of on-chain trading
- Recognize market opportunities
- Grasp development trends
- Master common terminology
- Understand community culture
- Improve communication efficiency
Phase 2: Solana Basics
- Learn Solana characteristics
- Master basic concepts
- Understand the ecosystem
- Choose suitable wallets
- Security configuration methods
- Asset management tips
- Basic security principles
- Risk prevention measures
- Emergency response methods
Phase 3: Practical Introduction
- Pre-trading preparation
- Step-by-step operation guide
- Important considerations
- Tool usage methods
- Opportunity identification
- Risk assessment points
- Monitoring tool introduction
- Setup instructions
- Data analysis techniques
Learning Tips
Step by Step
- Follow recommended learning order
- Understand each concept thoroughly
- Take notes and summarize
Hands-on Practice
- Start with small amounts
- Try different tools
- Summarize experiences promptly
Safety First
- Strictly follow security measures
- Avoid greed
- Ensure fund safety
Related Resources
FAQ
Getting Started
How to make your first on-chain trade?
- Ensure wallet installation and configuration
- Prepare sufficient SOL for fees
- Choose reliable trading platforms
- Start with small amounts
How much funds to start with?
- Start small (e.g., 0.1-1 SOL)
- Ensure sufficient SOL for gas fees
- Don't invest more than you can afford to lose
- Reserve funds for emergencies
How to choose a suitable wallet?
- Recommended: Phantom or Solflare
- Download from official sources
- Consider hardware wallets for better security
- Back up seed phrases
How to ensure fund safety?
- Secure private keys and seed phrases
- Use multi-factor authentication
- Regular wallet authorization checks
- Beware of phishing and scams
Trading Related
How to identify quality projects?
- Research project fundamentals
- Analyze team background
- Check community activity
- Evaluate liquidity situation
What is slippage? How to set it properly?
- Slippage is price difference between expected and actual execution
- Beginners recommended: 1% slippage
- Adjust based on liquidity
- Monitor during market volatility
How to handle failed transactions?
- Check wallet balance
- Verify network status
- Adjust slippage settings
- Review failure reasons and learn
How to monitor transaction status?
- Use block explorers
- Set up transaction notifications
- Save important transaction hashes
- Regular asset reconciliation
Risk Control
How to avoid scams?
- Verify project authenticity
- Don't trust high yield promises
- Handle unknown links carefully
- Reference community feedback
How to set stop losses?
- Set based on risk tolerance
- Stick to predetermined stop points
- Avoid chasing pumps and dumps
- Maintain rational trading
How to diversify investment risks?
- Allocate investment ratios reasonably
- Don't put all eggs in one basket
- Focus on different project types
- Build investment portfolio
How to handle emergencies?
- Stay calm
- Pause trading immediately
- Assess losses
- Seek community help
More Resources
Check Beginner Resources for more learning materials and tool guides.