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When one first enters the trading game, it is most often challenging to know how to prepare for it. Even if it is an appealing approach to increase profit, it would not be as fruitful as one may imagine without a fundamental understanding of the basics and a few preparations.
How should one prepare before getting into trading?

OP, 1. NEVER join a paid group.

2. NEVER buy a “secret strategy” from someone who claims that the “strategy” is very profitable

3. Learn from open source information

4. Learn from all perspectives from different traders, and different trading strategies, STUDY/WORK HARD

5. START WITH SMALL CAPITAL

6. If after everything you still are not profitable, save money and Buy the Bitcoin Dip, and HODL 8)

As above, but understand not everyone is profitible or designed for handling trading. You're best off trying but with small capital once you think you've found something that works. If you don't have much capital to start with, you can try paper trading instead (where you trade without money to see how well you do - but that has less risk so is quite a bit different from trading).

Since many experience from massive losing on their trades you better seek the reason on why they lose their money and what mistake they do before that incident happen so that you can learn from others mistake and avoid losing huge for yourself and also the suggestion given above is good about using small capital since from that you may know the complexity of trading and the volatility of the market since for sure once you lose the capital you put you can gain experience which can help you do better trades next time around.

A learner who wants to learn more should be patient and not to be in the haste to start real trading. Make all your mistakes with demo , build your passion for it and don't run away from mistakes. A learner should take low risk, identify what is working then stick to it, with time you will be a professional growing from the mistakes made.


This is another type of trading but called hodling. However talking about hodling, longtime can be boring. A real trader don't want to hodl but to exchange for immediate profit..

Indeed. I think that for a trader to be sharpened and be equipped enough to capable in succeeding in trading, a learner must experience all of the triumphs and failures. After all it is worth it to go through it all because a leaner will value more what is to come.

You can always learn when you face real problems and instead of wasting and investing and losing money it is better to use the simulation models offered by many platforms.
If you want to use it to learn trading and other things, please advise the following simulation software^[1][2].
Not listening to paid advice or people who give paid advice, or at least paying them after making profits.

[1] https://niffler.co/
[2] https://bitcoinflip.app/

I'd like to add this from the posts above before you enter into trading.

There is a good Github link with complete guides about fundamental and technical analysis it would be a good source to learn about them before you enter into trading.

For those who don't know yet here is the link below
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

Since hugeblack already mention the trading simulators there are a few trading simulators under that link including free and paid trading tools that you can use to start trading and practice what you learn from TA and FA guides from that link above.
Don't think it's a simulator you should change your mind to think like you're trading with real money.
Once you learn how the market works then start investing with a small amount first and apply what you learn.

There is no perfect strategy all pros also experienced some losses when trading and no one could predict the price movement it would still depend on your analysis, decision, and luck.

Here's one that is a must and important too of trading. Common mistakes of newbie or new in cryptocurrency trading.

One of the Best Weapons in Trading (https://bitcointalk.org/index.php?topic=5173189.msg52086364#msg52086364)
This is a thread I made a few years ago, it is about risk management. How you properly use a stop loss. It will help you to minimize your losses while maximizing your profits.
This is most mistakes of newbies, they don't have risk management.

If there is anything at all I could add on to, I would also say: Don't download dubious trading bots or anything at all for that matter, from suspicious looking websites. Always look after your own security. Thats how a lot of people get their wallet keys and coins stolen from them. In fact, don't trust anyone or any app at all. If good trading bots actually exist, they will be extremely expensive and/or secret.

Prepare yourself to be disappointed. Don't expect to be making huge profit right away. In fact, be ready to lose whatever you are investing for trading (time and money both). This is why, you should start small. Invest small amount. Execute your trades. Make losses (or profits) and learn from those trades. See what mistakes you have been making and how you can improve yourself. And like others said, there is no such thing as strategies that will make profit for you. One more thing. Make sure you are comfortable and familiar with your trading platform.

First, learn Risk management, then learn mathematics and statistics, and after that dive into Technical analysis and pattern reading, this is by far the best approach one can follow while learning Trading, fundamental concepts aren't that important if you are into day trading but in Swing trading, it obviously becomes pretty important as many events over lap while you are holding your positions and you should know how would these things affect your trading. Also one should always have a plan for trading, an expectation of profit that the person is expecting in a few months or years to come, and should try to hit that target and must not overtrade.

always make research to obtain specific information especially what are the most important things when it comes trading. in fact all the information nowadays can be searched in the internet so don't make all the things rush because you don't know how risky it is mate. And by the way don't forget to practice your skills as well, create a demo account because its a big help for you to experience how all the things really works within the trading field.. Just put more patience in it and efforts to have a good results when you are in the real world of trading.

Trading is like every other occupation. You before trading you must have met the following requirements:

• learning
• Mentorship
• practice on a demo account
• funding

Each of the above mentioned steps requires your key commitment. You don't just go into trading unprepared. Every trade should be built upon knowledge and not by prediction

Emotion and capital.

You have both of it and you only need to keep up with the lessons you will learn as you start trading. What you'll get to see from your trade experiences is how you're going to make it lesser emotional.

But we are all doing it since the day one, predicting the future price. I think what you mean is trading is different from gambling, it would only be called gambling if someone who doesn't have a clue about the market randomly selling or buying without looking at the chart. Experience is always the key to survive, you just have to practice it everyday but only on a demo account until you are satisfied with the results of your strategy. That's how you apply all of the above suggestions.

Know that crypto is always risky so learn how to minimize that risk by doing your own research.

Learn with the basics.

1. Read up Babypips.com
2. Try to look for more informations in youtube about terminilogies.
3. Start with some small capital
4. Apply on what you have learnt
5. Try to be sustainable as much as you can
6. Dont be emotional
7. Learn from your mistakes.

You would eventually find out that you are really learning as long you do make engagement.

Trading is a long process of learning and entering it without enough knowledge has a huge risk. As for me, having the eagerness to know more about trading would be a good start. Learning the basics and risks of it and knowing how to deal with every market situation is an advantage. Proper mindset plus patience are also needed.

Before getting into trading I would first see how much control I have on my emotions and second best thing I will do is, I will calculate how much loss I can bear! Because these are the things which are primary concerns when you enter into the market. The trading is big well where you don’t know where the base is actually. I’m always concerned about the money I throw in because one single mistake of taking it out at wrong time could make us loose everything. So think many times before we invest.  :)

here is a ongoing topic about what you should know before entering trading and i think it is more applicable than to ask here randomly.

https://bitcointalk.org/index.php?topic=5284582.0

and also there is no need to ask as there are tons of topics on going in this section advising you how to handle trading seriously .

never trade if you are still noob unless you wanted to learn the trading in hard way meaning you will just buy coins and willing to lose before gaining .

I believe that’s not called a “Trader”, that’s called a “Gambler”. Plus it might be boring for gamblers, but it will not be boring for HODLers after 10 years when Bitcoin is with a 6-digit valuation per coin. Where will gamblers be? 8)

Understanding the trading skills are very important for the traders, whether they are newbie or new investors or even they had an experience of trading, the trading strategies plays an important role in trading capacities. I preferred you to learn all the trading skills and most of them are taught even when you entered into trading and made some mistakes.

Simply by making use of google and youtube.

Yeah, you can get almost all the required information from internet for your preparation for trading and remember the same is available to everyone but only 2% of people are profitable in trading. Could you think about why? Because, not all the people who aspire about pursuing a career out of trading are not committed and dedicate; they just plan without step by step procedure to follow for reaching their goals.

You may become a profitable trader if you are ready to put all your time and efforts along with a practical plan and approach. Everything available (how to plan and what to learn) across internet but all you need is, your dedication.

Prepare trading psychology, prepare free money for trading because it is very necessary. and most importantly basic-basic trading must also be understood. Don't try trading if you don't understand the basics, because it will only waste your money.

Better to use a demo account to try it out.
Learn Technical analysis and fundamentals, because these two skills are really needed in trading.

Never give up and get bored to learn. failure will always be there. We must learn from every failure because it will make us successful later.

Investors is totally different with gamblers but in some aspect there might be some similarities but overall it would really be different in long term prospect.It all matters on what goal you do have in mind
because your actions would really be basing up on what you are tending to do.Speaking of things needed before you do get yourself into trading is that you should really be prepared
and dedicated with your goal.Do all sorts of things and dont end up on having that gambler like in mind.

I think these are the common things that a beginner must do: learning everything related to trading, know the basic skills, analyze the current trends, and use small money to start buying-selling. Remember that it is the early step of a trading journey, don't too expect or be greedy about earning a big amount of money. Try to focus on learning first, make sure a beginner really knows how to trade properly in this early step. If he already gets enough experience, has sufficient knowledge, and understands how to trade well, then a beginner can use a bigger amount of money as his capital gradually.

Yes, not all are planning to be a profitable traders are not ready to put hard work on learning and practicing. They just wish and finally becoming a losing trader. Being committed toward our goals alone will help anyone to be a successful trader. Most bigness are buying signal from others but they never realize the fact that those signal providers are just another beginners as they are not confident about making use of those signal in trading but they are simply selling it to make money.

Trading can be challenging at times when money is a problem for one to trade. Do not expect to make big profits Immediately you start to trade but take take to trde to learn more without looking at the money but the skill to be acquired. Trading is very interesting when a trader is making consistent profits but annoying when money is being lost on a daily basis.

I think the very first thing that people need to do to prepare themselves to become traders is to read a few books about the topic, one of the great problems that I have with newbies is that they come to this market thinking that they're going to make a fortune in a relatively short amount of time when the truth is that most traders that are successful take a long term approach when it comes to thinking about their profits, however newbies are so desperate to get profits in the market that they forget about taking the right precautions and to protect their capital and only begin to think about it once they have lost all of it.

Patience is one key factor when one decides to learn about trading because for any individual who is  new to trading the concept will look totally strange and would take some time to get the concept sink in but with patience and determination.

The whole concept of trading can be quite confusing its not meant to be gambled because gambling would be too risky. Its just important to be grounded on the knowledge and that's just the surest way of earning

NO, they truly don’t. Gamblers buy Bitcoin to make a quick profit in fiat, investors want profit, but they also want to see Bitcoin become successful, and see the network grow. Gamblers simply don’t care about the network, although they might say the care.

Plus personally, I am investing in science and this little “science experiment” we call Bitcoin. The Core developers are in it for the science too. Shitcoin developers are in it for profit.

Indeed, knowledge is the most important factor when trading, so it is better before deciding to trade, we should learn a lot about the crypto world.
So we understand how to make decisions, remember don't trade in something we don't understand. Once we have the knowledge, we have to
practice trading a lot, in order to determine the right strategy. But unfortunately most beginners are too hasty when trading crypto, they think
crypto trading is just buying coins at a low price and selling at a high price, even though trading is not as easy as it seems. There are many things
to learn, so as not to make the wrong decision. So it's not surprising that most beginners will experience big losses first, then they realize their mistakes.

Before going into trading after acquiring the knowledge you should make up your mind on losses when the occur because its part of the business the fact is losses will serve as the price you will have to pay to learn which strategy obeys the market most and also when to avoid the market.

Have a good control of your emotions and ensure you spend enough time on analysis, do enough back testing and try to compare at least two time frames that is a top down analysis all this can help give you good entry points

The most important thing in starting trading is

• mentally prepare - this is the most important thing, because as you said, sometimes things are not what we think. we can even get a big loss.
• have money you can sacrifice - meaning, you don't use your main money in this. Let's just say this is your first try, and you don't use it for your daily needs, even the money you borrowed. it can make you sincere if you lose the money.
  

after having these two things, what you need is complete information, and also analytical data. you can't get it easily if you don't learn it. however, don't trade like gambling. You need information to know the movements that will occur. You can read some of that information on cointelegraph, or any trusted group you belong to.

For newbie, trading is a new adventure as it is really surprising for everyone whether he is trading since a year or he is trading now. But the aim of the trader should be on his strategies that which strategies he is following and how much he is going to set a target for himself, which coins he is buying? etc all of these should be kept in mind before trading.

The most important thing is to study, that is already said by everyone. However there are other important things that not many people realizes. Yeah sure study it, test it, learn it, be patient and all of that are common stuff that we all know and we all suggest, but what do we miss while we give advice?

We miss the fact that market is volatile and you should always be ready for surprises, which means that you should be ready to expect the unexpected and that is the most hard part of it. I understand that it is not always great feeling, but just when everyone is expecting it to be 50k, you should also be welcoming 40k, if you could be patient like that, then you could profit in crypto.

The most important thing is not to be lazy to read and pay attention to how to trade carefully and both can be found in searches via google and youtube according to what you need regarding trading.
and after that you make the trading plan you want and start with small capital, and besides that learn to analyze the market and manage risk or loss.
if you do it and are also looking for reliable knowledge or information about trading and you take it seriously and study hard then the results will be great.

Very important thing to do and I support that a learner should work on the strategy with demo account because I have done such not just once. I do demo trading from times that I want adding a new idea to my strategy to test on it first because doing that on real account is dangerous not to put yourself in risk of losing your money. But starting a real account do also require that you do start gradual.

A newbie is a newbie and has no experience in trading so basically he has no experience in trading.

This is right. The coins that he will buy will also be the factor if he starts trading. Thinking about this and having a plan is a good start for those newbies which shall be on their stash and as well as what will be the coins for them to trade.

increase your trading knowledge and learn to trade well. before entering the world of trading, it would be better if we understand very well about trading itself, after that we can starting with a small capital first. observe market movements, if we can get a little profit then we can increase the amount of capital to get a bigger profit. don't be in a hurry to get a quick profit, all of that requires a good process and effort so that we can analyze the market well too.

Invest with knowledge. First, everyone needs to be serious to learn and not just they saw others getting profits from trading. Sometimes others just want to be involved because of pure money. With that mindset, they will never look at the risks and will rush everything to make profits.

Honestly, basic knowledge is enough to start. Lots of pointers to read before doing an actual trade will just make a new trader confuse. Let them experience the actual trade with only basic knowledge and allow them to learn things automatically while on the way.

Again, be serious and don't take that as a joke. It will take time to learn but it's worth your time.

If you want to enter in market even if for investing or trading, you should not come without any knowledge meaning the first step you should do is to learn how to analyze and trade on your own, this is a long process so don’t expect any big returns along the way. Once you know the basic things, you can start trading now and don’t forget to continue learning trading is more profitable if you take this seriously.

Start small and start on top crypto like btc.
Once you got the grasp of basic knowledge in crypto trading, you can start discovering other types.
But if you are just starting, focus first on spot trading before going into futures.
Even if you are not getting high profits, but this one is less risky to take for beginners.
Also, when you explore other alts, it is better to learn their background and current status of development.
Because this will give you idea on what's happening with their market. As much as possible, avoid potential pump and dump projects.
You can easily lose your funds in this kind of project. And only experience can teach you how to spot one.

It is true, learning and having the proper knowledge is the first step to do before someone starts trading or investing in crypto. This step is very crucial because it can determine how you do trading/investing, whether it is to be done in the right way or not. Mostly, people who have no proper knowledge will trade or invest with bad plans or strategies. This is absolutely to have bigger risks to lose money. That's why many newcomers who try trading or investing carelessly, will end soon their journey because suddenly lose a big amount of money.

What you need to do is to control yourself, don't take too much money to come in, take a little money first, come in and practice your hands, find the feeling.

Before you start into trading here dude, you supposed to have a small capital at least 20$ and up, or trade what you can afford
to lose. Because here in crypto trading I learned a lot through reading in different forums like this, and the altcointalks as well to feed myself most of the time as an individual traders. And never try to join in any seminar that need to pay for me to learn only, due to I know that  I can learn without a capital of course.

It was not a simple preparation, that's all I can say since trading is risky.
Things needed before trading,
>Plan
>capital
>ENOUGH knowledge and skills

We can't underestimate trading that is why we should have to do this. We know what will be the consequences and to lose from trading is a part of learning which you have to accept but never think this brought you down otherwise, you were not able to reach your goal.

When starting to make trade its better to ready yourself first like keep yourself knowledgeable regarding the fundamentals of trading such as the coin you want to trade, the trading platform you will use, learn such as market patterns, market indicators and technical analysis there's a lot more, of course, those are the basics only. If you think ready avoid getting part of different groups that only knows to give a FUD to prevent you from getting more paranoid when the market is down. If you are a beginner try with the smaller capital to avoid losses of most of your assets. Not all the time green days will come to your portfolio always earn profit even there's a low win trades.

Actually there is no end to learning, as a beginner in Crypto trading i want to tell you that first understand that how crypto market work, know about bitcoin movement, know about chart. Never used your maximum fund in trading, don't panic. Also you can learn something good from internet or YouTube.     

Someone already dropped a good advice which helps: the number one thing you should avoid is paying for any sort of group that is promising you strategies which you are never sure is going to work or not. It would be best for you that you start reading books on trading that' can enhance your skills.

Most of those groups are going to promise you steady profit, but at the end when you have given them your money, you realize that the strategies they're selling to you is worth nothing at all. That’s why it is best that you learn trading yourself and develop your skills so that you can do everything by yourself. And lastly it is important that you start with small capital.

As a trader, we are required to always learn with the market. therefore we must dare to start friendly with risk. To start with, we are in a hurry, of course we have to study crypto before making a deposit, so we will not be surprised by any situation that may occur. after that the most important thing is that we must be able to control the psychology of greed

There are various ways to learn the fundamentals of trading. Videos and lectures, for example, are freely available on the internet. The ideal option, however, is to enrol in a beginners online trading course (https://trustinst.com/beginners-online-trading-course). That manner, one can obtain a well-informed view on trading while having it handled by professionals. It is usually preferable to register in a course that is tailored to one's degree of knowledge rather than relying on unverified material that would be useless to a rookie.

Now there is a special problem in order to find training materials for yourself, so there would be a desire and all the opportunities will be found, and it is also very convenient to use the opportunities that Amarthez provides with the broker

You need to know different ways before you start trading. When you participate in trading you need to do a complete market analysis.You don't rush to buy any coins. It will be seen that you will have a lot of losses.The coin you want to trade with needs to be well researched. It will be seen that there is no loss after you.

Those groups that promises future profits are the people who will be getting rich, not the customers of those groups. There is a very simple question to be asked "if you can get rich by trading, then why are you selling it as well, just do it yourself to get rich?".

Same could be said for trading bots as well, not like there are no bots that may help you make some profit but almost all of them depend on how good you can configure them, which means selling them is the most guaranteed way to make profit while using them doesn't guarantee you any profit at all. All in all, just trade with your own research and be as good as you can be and learn as much as you can, that is the number one thing you should know before you start trading.

If you're not prepared then don't enter the trading industry in the first place. The industry has so many distractions that noobs usually fall victims to because they we're not prepared which why you have to be prepared before entering. The preparation can come in many ways but the most important has to do with you been able to control your emotions.

Emotions has to be the biggest enemy of a trader because if that's not put in place, it can ruined a trader of all his profit and if there's no precaution measures both the capital and profits can be lost as well.  Next will do with mastering the order options available for your trade.

Knowing how to use the stop loss and take profits options are very important in your preparation.

Well, it was already stated in this thread on early pages and I have an addition.
After having a lot of research, fundamental and technical analysis is very important. You need to have practice offline just to gain experience and also knowledge as well. Just try a little amount as capital so that if you will lose you can afford it. Preparing yourself is a very important factor in trading, without this --it will not give a better profit to you while you are trading.

I am sure that how people prepare trading at first may be different enough.
But at least, they may prepare some basic things before doing trading in order to be really aware that we are "trading".
Awareness in trading is very important, we can see how people are likely not aware enough to trade because they only think about getting money and money again and again?
We can see how many people are losing after his first trading?
Because the precariat is very lack. In this case, at least we must be ready with the risks. We must learn more first about crypto and trading. And we must also learn about how to analyze the coins fundamentally and analytically.
Sharing with more professional friends in trading is also very helpful.

Some are in good profit while some did not, that is the reality about trading. becoming into real trading is really challenging and I definitely agree that preparation is very important and many had neglected to take this but rather to jump the boat as fast as they can.

Well, to lose in trading is very common, some use this to learn more but unfortunately, some use this to quit and blame crypto. Yeah, trading is risky as we all know but can't make some people understand that as they just underestimate the market. That is very important to have enough knowledge of the market before getting into this. Money and skill could just be easy to acquire but still are the factors that could affect our trade.

Well, if you don't have the knowledge, skills and capital, i must say that you are not yet prepared for trading. Because as much as i know, trading is very risky, so if someone plans to go into it, he must be willing to learn and be knowledgeable on the crypto market, eager to develop his own trading strategies and skills, and lastly he has the minimal capital that he can manage to lose.

However, trading has definitely its own high risks but if you got all the preparations before getting into trading and has mastered them, i know somehow the risk will be lessen. Of course, there will still be losses but they don't happen more often.

Trading require you to be realistic of your expectations and your ability to make profit.  If you have not come to terms with your capabilities, you are likely going to lose consistently. So,  you have to be sure and be confident in making your own decisions,  do what is necessary to turn in profit for yourself!

Before getting into real trading, it's a good idea to practice on a demo account first, learn trading techniques and analyze how the market will develop in the future. All need concentration and patience to increase knowledge in crypto. Not only that, almost the average trader has had a bad experience. Of course you don't have to go through anything bad, so you should learn more and practice the skills you already have. Then trade from small capital, if there are some mistakes in your analysis, you have a lot of opportunities for your first capital.

Set a goal for your own so you will have target what to be achieved, and you will work hard for it to make it realized. I know we have different preparations before getting into trading but those basics should include acquiring knowledge in crypto trading, understanding the whole price movement in the market, practicing your own skills and strategies until it will be well developed. But that won't be long enough. Trading is quite more different when you put it in experience. You need to be more patient too and never expect much on your first trading because eventually there will be more losses than profits for sure but you can work it own so that by next time, you will be able to maximize the profits already.

Before trading, you should increase your knowledge before starting because most beginners who start trading are usually too excited and immediately trade, maybe they think trading is easy.
because without the right knowledge is like going to war without a weapon. As a result, the lifespan of their accounts only lasts a moment and there are also those who accept heavy losses and then blame the real crypto for their own stupidity and carelessness.
better first learn in depth about trading and start with small capital and learn to analyze, do it with discipline and if it fails, don't give up trying to be better and improve it and so on.

They think that way as they saw people who encourage them either by means of personal conversation

or by watching streams give them hints that it's not hard to work with trading, but in reality, it's not and
the risk is high when dealing with this business.

Good example and for sure no one wants that to happen, going to war without any riffle ;D
Close fist is no longer possible now. Hahaha :P

Step by step and take every knowledge that you can learn while participating in this business, don't rush learning
things the right way is more appropriate for a better chance of success.

Exactly having a dreamy expectations would only result in frustration that can dishearten even the most enthusiastic trader there is. For me, you should trade in a safe play manner so you can insure a consistent profit albeit small.

Preparation is the one that can save you from losses.
But good calculations and estimation will lead you in the profit.
Before starting trading, if you master in these all three, then no one can stop you from winning.
At last choose the best coin and invest upto a certain limit.
Hope this helps you OP.

This is something newbies never really get, knowledge is an investment as well, you not only decide to become an investor the moment you put money in a stock or a cryptocurrency, you do so the moment you decide how do you want to use the time you have available each day, and if I see a person using their free time to have fun while another is reading books about trading I know who has the higher chances of becoming successful before they make a single trade in any market.

^ It is easy to say but it is hard to do when you are in actual trading and I don't know where you will collect the right information that you are talking for. Knowledge and skills are the most common requirements before getting into trading and the last one is capital, if you have these then you are good at trading and have the potential to gain profit in the future. The market is unpredictable, there is no way you can get the right prediction, you must understand first how volatile works and how you will apply the strategy to it.

Whether you have a consistent profit or not, you expect to have a roller coaster experience because not everyone who starts out their trading journey is having a good time.
It's best to think that you'll have a roller coaster ride as you trade and you need to be open to it so that it will add to your experience. And by having that experience as you enter trading, you'll have something to learn which will help you in the long run.

It's always a basic that you should first acquire your knowledge and skills through videos and demonstrations wherein you can actually learn and build your own strategies. The capital even a small amount is good enough already. And from that, you can start engaging in a real trading and as you go on trading, you will continue to develop other strategies that will also work on you. The first trading may be quite harder for you since you are most likely to make losses than gains, but as you go on trading, you will eventually learn how to be a good trader and start earning profits by then.

On my experiences, I don't have preparation too and I just entered the market because of bounty tokens. That made me so devastating as I've come without any knowledge on how to handle tokens and coins. One day I failed on the decision I made of failing to sell my tokens, then one day those asset went out undervalued until today and worst mistakes other of them became dead coins.
Good thing I learned all from those mistake, now I've switched to reliable assets like eth and btc which still remain as my long term holdings.

Before you start trading you should have already gained knowledge about trading and analysis, either its basic to intermediate and capital. It doesn't matter if it is small, actually small capital is the recommended one especially if you are a new trader. Try to make trade for at least a month or more and see if you can earn with your small capital, learn from the markets and learn through different traders.

Never you start trading crypto currency with emotion or anxiety of making so quick just because of must have head testimony of people that have turned millionaire via crypto currency trading because you don't how they started and their trading level skill and how long they have been in trading.

To start a trading you must really understand first about the basics. Second, you must learn to control emotions well, because trading requires extra patience and a race against time. Lastly, start trading with small capital just in case if you are exposed to risk or loss and lose money then you will not lose a lot of money. In addition, by starting a small trade, you will be better able to learn strategies for dealing with unstable markets and practice to analyze the market.

I think the first thing you have to do is to not let people mislead you. If you are going to be a trader,then you have to be ready to do your own research and know whether what you are being told is right or not. You shouldn’t just rush and believe whatever you’ve been told, you should be ready to verify that.

The next thing I would like you to know is that when you are learning don't rush to pay for anything you see online, because most of those things that you are rushing to pay for can be gotten for free if you should do proper research on it. Sometimes you will come to find out that what you are paying for is not even worth it.So you shouldn’t rush and pay for just anything you see, if you don’t know what to do you can ask questions, maybe in this forum, and people will answer you.

Before starting to trade you need to realize that trading is not something that is 1 or 0, this is not coding. You do not have to do what everyone does to make a profit, you could find your own ways to make profit and that will require a lot of research but you can find it. This doesn't mean to ignore all the other people who make profit while trading, of course take examples from them and learn from them and learn the ways they trade as well however doesn't mean that you need to do exactly what they are doing.

This is why I believe that it is the best way to make a profit if you do something that you come up yourself or at least you personally prefer instead of what you think may work for more profit. If you do what you think is "the right way" and not do it your own way then you will end up losing money in any method just because you do not enjoy it, first you need to enjoy doing it yourself.

Before entering this market, I think you should take the time to learn crypto-related knowledge, this preparation is essential. There is a lot of information, free knowledge for you to learn. Don't use all your money to trade, start with a small amount.
Some people on social networking sites always give advice, you should not trust it completely, need to find out clearly before making a decision.

before you must have capital and divided for several case

• fast
• medium
• long term

if you have divided it into 3 parts then you will be fine but the thing to remember you have to set a target on medium and long terms ,if it has been achieved then throw it go  and don't be arrogant to want to get a lot of profit because it takes additional time for that ,different from fast no matter how much profit you have to be willing to do it because there is a high risk of getting a loss
you have to master the placement of these 3 strategies because being a trader is difficult you have to be ready anytime and anywhere to get profit ,It's up to you if you want to use a strategy in a legitimate strategy
what I learned alarm is very useful

The very qualification of a trader is knowing the best timing for his investment, there are many form of strategy that works from different types of traders, getting the idea of splitting your investment is good but just like what you have said, the importance of acknowledging the strategy that you will going to use, short,mid and long-term investment should have good targets not just mid and long but also short term, even its only small amount but having it organized will allow you to rinse it back from time to time.

You need to be ready and you need to make sure that you are will to take the risk; the market is very volatile and the assurance of correct anticipation is not always there for you.

Speaking of this, I never encountered any paid groups being promoted lately when I just started looking around in Google just to get a good read about trading seems like it is only in some selected sites.
Resources out there are free anyway to learn anything. I learned programming without paying any courses anyway, and yes, same goes with the basics in trading when I was still learning the ropes. People think that buying courses would make them instantly expert without any effort done in their end.

I believe that you should  separate it into many coins but just because you are diversifying your portfolio doesn't mean that you should look for different stuff neither. For example, I own a little bit of many high level coins and all of them are long term for me, I do not see myself selling them unless I absolutely have to. It could be me needing money, or it could be project getting a big problem but I will not be selling them unless there is an exception.

For example, the most recent one was SOL, I sold it because they froze the blockchain to fix a problem and yes it was for a good reason but they still showed how centralized it is and that is why I sold and got out right away, I hate centralized coins.

learn trading well, observe and practice, those are some important points in trading. you can start with a small capital first and if you feel you can follow it then you can add more capital. Trading also requires patience and thoroughness so that we don't fall into this ups and downs crypto market. increase your knowledge about trading because it will be very helpful for us to be able to trade well. Trading also takes time to make a profit, so don't be in a hurry to make a quick profit and end up rushing and losing.

Money management and learning is the most important thing which one should have before stepping into trading. Without knowledge you will just lose you money in trading. Trading may look profitable and easy way to earn money but it is only for those who are expert. If you jump in trading without learning it first, you will lose everything.

You should enter the market with sufficient knowledge about trading. Because, when you look at it from the outside, you will think that it is very easy to make a profit by trading, but in reality it is not that easy. You will see many people using social media, influencing people by sharing screenshots of different profits, they will never share important information with you with which you can build your trading skills. So to gain trading knowledge you have to search for free things, you will find a lot of content online which is really important. Traders who prepare themselves before entering to trade can stay in the market for a long time. It is very easy to make a loss in the market if you do not know the market accurately.

IF you enter in grading zone then first you make proper plan in your mind and gain some knowledge about trading from experts then you prepare some funds for trading not a 100% of your assets reserve some funds for backup.
then you entry with small amount first if you got some profits then keep safe your investments and hold your profit for long time. follow signals and entry in proper time and always use stop limits.

You are absolutely correct in this matter sir, trading needs knowledge and skills as much as possible.
This is the problem sometimes with the novice or newbies who came up here in crypto business.
They always in hurry to get profit without doing feeding themselves into learning stage, that is why
in the end most of the time they loss.

Someone recently tried to talk me into this and I laughed it off in amusement. Truth is that if a strategy is that great, the owner wouldn't want to sell it. What some of these signal and indicator sellers do is salesmanship of a strategy that has got a few wins, perhaps during a trending market, and then they think it's a complete winner. The real test of any strategy is during a ranging market, not during a trend.

Demo doesn't have the same near life experience as real trading. I used to think one could become an expert from trading on demo but I know better now. Nothing feels real as trading real life. Demo trade for a few days/weeks, then go life. Just fund your account with little capital and then minimize your exposure by maintaining Money Management (MM). That's the right way to go, for me.

By "real trader" you meant day trader, right? Otherwise, hodlers are also traders. All traders are real, except scammers 😏

And this is something that is incredibly difficult to do, we know that the market is ruled by two emotions which are fear and greed and those two emotions are going to be what causes the majority of the losses a trader will face during their career, after all many people have a decent strategy to trade the markets which if they just followed it will allow them to make some small gains from it, but that is not enough and this causes people to not use their trading system and that is when big losses are incurred.

You must know a lot before you start trading. You need to know your signals to trade.They can never make a profit by trading without a good understanding of the Jairam market There are many who come to the trading platform and trade in an approximate way At one point it was seen that they lost all their profits.So I would say you must have a good knowledge of trading before you get into trading.

Without a clear understanding and the ability to apply my knowledge in practice, it is quite difficult to start trading, so I started with a demo account, which is provided by Amarkets, and this helped me to understand everything and learn a lot.

It's needed to have all the basic understanding and willingness to learn. It's not easy as how it was percept by those people who try to allure new traders. They show easy access to gain profits, but in reality; it needs a lot of time; you need to focus and dedicate your time in order to be established good strategy.

Working in this business is not a game of luck but the determination and will that you really wanted to succeed. Keep all the knowledge that you gain from both successful trades and also from those losses that happened to your trade.

Experienced will solidify your knowledge and it will give you better chances of success.

This is a mistake that many people make in all aspects of their lives, money without a doubt can fix many problems and help you in many circumstances but when it comes to learning money most of the time is completely irrelevant, the only thing you need is time, dedication and a decent source of information, and now thanks to the Internet you have many sources of information which means the only thing you really need is the time and the desire to learn.

Before one starts trading,he or she must have made thorough research on the aspects of trading he wants to indulge in.He must have the mindset of loosing,because if he does not carry that mindset,the market will shock him and give him heart attack when he begins to lose.
He must have in mind that losing is part of the game.

Another thing to do before starting to trade is that you must consult experienced and skillful people in the field to guild you on the area you want to trade. It is their guidance and advice that gives you a a base on how to start,and how to make good profit.

Of course, you will but never think that they will teach you always and it was needed for us to stand alone without the guidance of these people.

Maybe if I was in that situation, I don't ask how to make a good profit but rather to ask how to be safe from losing. We know the sentiment already that we can't avoid this thing no matter how good we are as it certainly comes. And people who will think about a profit always will mostly don't survive as they are badly frustrated once they lose.

I would say that the hardest thing for me while starting out was the fact that I didn't had enough funds to matter. My first ever crypto purchase (well I earned it, not bought it) was 25 dollars. It is really difficult to come from a very poor nation and try to have thousands of dollars in crypto, many people assume that it could be easy if you hit the right thing but when you have 25 dollars, even 100x would mean 2500 dollars, which is very good of course for me but not a big portfolio by any standard.

It took me years to get where I am today, I didn't keep it all on crypto, I spent it on many projects and bought myself some things that I needed (not fun related, just living stuff) and even made my living with it. So I would say that crypto did changed my life but it took me maybe 5 years to be where I am today, hence when starting out, people should realize, it is not easy to get rich in crypto, sure there are some lucky people who made a lot, but that is a very rare situation to be in.

Losing is truly part of trading.

Someone who wants to start trading has to be that open in that mindset. It doesn't mean that because you're going to lose upon entering but it's because the chance of losing is higher for many starters.

It's a good mindset at the beginning for you to don't have that much emotional impact.

Of course, trading knowledge is the main requirement so as not to get caught in a trading situation that is not as easy as imagined. By knowing the previous trading picture, we will be better prepared to accept the risks and rewards. but the best thing in my opinion is the guidance from the closest friends at the beginning of trading

You need to consider that losing is part of this business, even experienced trader also have that bad day in trading, no one can say that they are all set and good when they trade, though there are always different mindsets that each traders have, mistake from experienced traders treated as learning process while with newcomers they are not willing to accept and blame the market and leave.

You need to balance and think of alternative ways. If you made some wrong decisions, having a good backup plan will keep you inside the game and allow you to survive.

Once everything settled, expect good growth and success will take place.

Just like the other's replies, we shouldn't have to make it rush, don't believe those signal/paid groups, and much never think about easy money in trading coz you will just get frustrated. Everything has a sweet success when we work it hard.
Thus, if you have a plan to become or get into trading, never rely on others but rather rely on yourself. You can do a lot of searches online and that is no reason why we hired someone to teach us especially when it asks for money unless if that is your closest friend or a family member as we could still learn.

These are golden rules I would say. Further to above reference points I would emphasise on the fact that trading for short term is not for everyone. Even experts at times can't handle wild fire of crypto trading. Hodling for long term is best strategy if you always wanna win.

Let me share to you first my experienced when I entered into trading mate, Learning is the basic rules in which I did before, I patiently do some research about it here in cryptocurrency, that is why google search was very useful to me when I was a newbie before. In fact, even up to now I continue to learn here via my experienced in trading. And never allow in your mind and heart to become greedy or else you regret it for sure. Just don't aim high earnings always start with small earnings and be satisfy what you are doing while you are starting here.

Everyone can have their bad days or what we call it red days and that's true.

You can't be a trader if you're not open to losses and you might just be an investor and hold your assets so that you won't be losing that much as you start.

It's the right decision if you do that then.

Before starting trading, all traders have the same idea of ​​how to make as much profit as possible. But those who can't solidify their foundation before they start trading by acquiring proper trading knowledge, they can't stay in the crypto market for long, lose their capital and exit the market.

So the guidance of a close friend before starting trading is not enough, it requires proper crypto trading knowledge.

Before getting into something in General, One MUST have the idea what he/she'll be into.
The basics are the MOST important thing to have. Especially when just starting, a lot of newbies tend to skip this as they feel that they don't need it. Being intelligent is not that important, but to be able to understand the nature of trading is enough to succeed. Knowledge, Data gathering, patience and many more are part of the Basics. That's how important to have the basics before entering the world of Trading.

A lot of newcomers don't last as they taught when they trade that's it, They see a low investment entry they'll grab even without proper data to support every decision. As I see it, it seems that only about 30% of the new comers are willing to start from the very beginning no shortcuts and everything.

This is the reason why traders now only exist for short term and after that, they are gone eventually in the market. Too different from those early traders wherein until now they are still active in trading because they learned trading through a step by step process and with experience follows their own strategies that have made them keep into trading until now.

In addition, having a positive mindset before getting into trading is also very important because that will motivate you to keep even better from those frequent losses you might experience as first timer.

The point is to have a strong intention and commitment, as well as to recognize market trends from day to day, especially in crypto trading. We are here like to play to avoid risk and play it safe.
In addition, to really be able to determine the right coin to pick, discipline in reviewing prices is needed.

The spirit to always want to learn makes us smarter in analyzing the market. on the other hand, by using the right strategy and high discipline, it will make us better in trading analysis. if we want to do daily trading, I think major coins can be an option

The most important thing when it comes to trading is to know how much we can lose. Risk management is one of my main focuses in trading and investing. It is much harder to make money than to lose it again. One bad trade could potentially eat away all our previous profits. That is why I think setting budgets is so important. Using all our money in one trade is to risky in my opinion. Diversification is very good for beginners, if instead of doing 1 trade we split our money into 5 different trades we are more protected. The chances of 5 trades turning sour is smaller. The second focus should be to have reasonable goals in trading. Smaller gains in the beginning can help build a portfolio.

I would wish that more people were like you, many people come to this market inspired by the stories they have heard about other people making a huge fortune in just a few months or week and they want to replicate the same results and most of the time they find too late this is not possible, the strategy that you were forced to take due to your lack of funds is in fact the right strategy, take your time with this market and if you let several years pass and you keep investing and getting paid in cryptocurrencies sooner or later you will come close to reach your goals, but this takes time and no one want to wait anymore.

Before get into trading you  need to have knowledge about crypto and be financially balance. Not matter how research you did you will still lose but when you have the money you can trade with different coin either bitcoin or altcoins, and with this method you will no get into lost like that when you did good research about the coin to purchase.

Trading is not an easy task seriously, but some people skip learning and jump directly into trading which always end up in high regret and lost of capital. It's advisable to know the basics and the risk involved in trading also there are different strategies for trading that really helps out on how to manage and control emotions on trading. Having a good knowledge and understanding about trading always lead to profit.

If you do rush up yourself then you would really find yourself to have some problems later on and you would definitely lose up money because you dont know on what you are are doing which you would

really be having a hard time on how to handle up yourself on this market thats why you should really be prepared and make out proper research before you do really make out some engagement on this market.

Do your assignment first and later on that experience of yourself would be your stepping stone for you to make yourself way more better.

It's not so bad to lose some money here and there, that can even be a great thing if you learned something from that. Every school costs, trading school costs as well.
I guess people should read about trading as they do some trades here and there, theory without practice will not get you far, of course, don't forget to risk what you can afford to lose, learn how to have backup plans and funds just in case.
Trading is a game like any other, more you know about it you will be better in paying it, so be open for learning new things and improving yourself and your trading skills.

That is very true. however, for the first time, prepare your mentality and determination.
In the world of trading, it's like a roller coaster, which goes up and down quickly. however, if you don't do your research, you could get on the wrong roller coaster, and leave you unable to play anymore.
in terms of trading, it is not a question of funds. we know that some people start with minimal funds and now have a lot of assets. some people also enter the world of trading with a lot of money, but the trauma in their hearts comes out. however, you need to prepare mentally and your determination. after everything is ready, then do some research, and start trying.

Starting with smaller funds doesn't mean that you could turn it into something big very easily. I am a poor person coming from a poor nation, I am doing fine right now but when I first started my first investment was a very very small amount and then I worked really hard to get my investment higher.

It took me years to get it high enough to say that it is a worthy investment to talk about, before that I was looking for that extra $1 wherever I can find. This is why small funds is not something that I imagine easy to make a profit from.

Sure you could make a huge return if you are lucky, I had a friend who got something for free in exchange of the gas fee basically, and he sold it for 25k dollars as well, it was NFT and it turned to be a very valuable thing, hell even the new owner made a profit because it seems that it may worth as much as 100k right now but we are talking about 40 bucks or something in gas fee turning into 25k because he invested into the smart NFT. But, that is a very very rare situation.

He won't get any experience if he doesn't start so there's a need to start despite being less-experienced in trading. And that goes the start of it so that he'll gain experience, losing or winning.

Definitely.

But even those with experience, they don't also get the best days most of the time as they trade.

Firstly you have to use that money which you have ability to lose and don't be sad after losing it. Because in trading there will be some profit and there will be some loss too, before entering into trading, mentally you should be also ready for the loss, and after that prepare yourself for the coins buying and making the entry on the right time.

At first for sure you'll be hesitating taking that move, high gas fees will kill your excitement but if you push forward and make things possible like what your friend did, look how far did he earned, luck or taking the big risk happened to be more profitable, you have to think wiser in order to follow those good projects and make yourself successful inside this business.

It's not an easy journey that most of the time, being percepts wrongly, it takes time before success will take place.

Hard work will help to establish a good working attitude. It's part of many pieces to succeed in dealing with this kind of business.

You must be ready both for the loss and the profits. Make sure you have good self-control, so you don't do something too exaggerated (overdo) once you lose money or gain money. Trading has no guarantee, we can lose or get profits. Especially for newbies, maybe to experience more losses than gaining profits. It is true if someone must have a strong mentality in trading crypto because he probably experiences a huge loss on his first journey. If he is not strong enough, he may quit suddenly once losing money.

You should be aware specially on losses because this is something that is the main thing that you could really experience when you do step your foot into trading.YOu should be prepared on things like this and making yourself prepared so that you wont really be able to dragged off emotionally because this would particularly the main issue that you would faced because losing money is something that cant really be easily
accepted and as a human then you would just normally have these kind of reactions which supposedly to be normal but it could really be handled that well.

Well my experienced when I start trading is that we should have some money that we can afford to lose, you can learn the basics from the internet there's a lot of them. Then after you learn the basics you can try your first experience by putting a small amount to trade, and the most important is don't get angry when you lose your fund.

Yeah!,the ability to bare in mind that you must lose money or make money will make you venture into trading without fear,and if you are not financially bouyant enough to get your minds off some money that you have already lost,dont even think of trading.
When I started,I bore in mind that risk is always involved in every business,and in trading like this,it is taking the risk that really determines your success.
But before I started,I made research on how to trade without losing,but u later discover that losing,is part of the game,you must loose to have experience and to learn from your mistakes.

Losing can be easily overcome when we say it but when you're in the real scenario and you just lose a huge amount of capital, i swear its never that easy. But you won't get through of it if you'll not take it as part of the risk and challenge that will motivate you not to lose next time. It may not be avoided but somehow, it can be minimized.

For me, i made sure that before getting into trading i have understood already what is trading and how it will be profitable in the long run. If i think that won't really fit me, i should have quit earlier. But there is something into trading that keeps me going on, maybe not just profits alone but also the over all challenge that we need to face positively every now and then.

As you say losing small amounts of money while you trade is part of the price we need to pay to be part of this market, and as long as you learn from those losses then you can become a better trader, the issue here is that many newbies suffer huge losses and then they never learn anything from it and by the time they being to think about their actions they have lost all their money and the lessons they learned from it are superficial at best.

One thing is to make out the time to study, read and make personal research about the trading system to have an understanding of the system. This will give you an edge, over some little things that might be challenging later on. Paid groups for signals is not an option in the crypto market, because changes can happen at anytime and this can be part of price manipulation of a particular coin which might go up at a time and crash. Never invest into the system what you cannot afford to lose. It is better you start with a small capital and grow with it gradually than taking the reverse.