Bitcoin Forum

Learning about trading with cryptocurrency is good and also everyone is interested to learn about it. You can get started this process without money, but once you get more than one wins under your belt it is very easy to dump money into the investments recklessly. Of course, making more money with crypto trading is easy and also it is very important to be careful. If you are new to crypto trading, this article will give tips before starting your trading.

To Know More, Visit Here <> Steps to Check Before Trading Cryptocurrencies (https://read.cash/@JamesIrvin/8-things-to-consider-before-trading-cryptocurrencies-11f6a644)

Cryptocurrencies are relatively new to us even though they have a history of more than 10 years since the introduction of Bitcoin. Cryptocurrencies represent a type of technology, a company, or an asset through the NFT. It is important to have a clear understanding of cryptocurrencies, how they operate on the blockchain and the associated technologies. Since cryptocurrencies are between economics and technology, we must be knowledgeable in both of these fields.

Everything feels risky during a recession. A lot of people might be drawn to btc now as it hasn't crashed as bad as the rest of the stock market is starting to (or some even haven't recovered yet)...

But I still consider bitcoin a lot more risky than other assets.

Yes, it is risky, but it also brings higher yields. Besides, what's life without a few risks? ;)

OP, there are numerous online sources where beginners can inform themselves about the basics of trading. I would definitely recommend learning the basics of technical analysis. But real knowledge will only come with experience, so you need to roll up your sleeves and get to work. No pain, no gain!

I didn't bother to read the article, but I can tell you the most important thing to know about trading: most traders lose money.

This is the thought of most newbies when they see people excelling in bitcoin investments. They all think that it's easy as they put money and it'll just grow eventually in the quickest time that they can ever imagine.

I say that description like this is misleading the newbies. For experienced trader and holders, this isn't much of a worry but to the new ones, this is worrying. That's why they're losing more money because of descriptions like this.

Agree, trading cryptocurrencies require lots of patience to wait and precise calculation to determine whether to buy or sell, take a long or short position.
in this term mean knowledge and information are fundamental for everyone who wants to dive into the trading world.
because without it traders will fail to predict market movement, then the chance to lose in the market even higher.

Crypto and stock have different risk. Id say crypto is more volatile, and unstable. Fundamentals really have huge impact on crypto market, while technical analysis sometime useless for some coin that is so volatile. They can also do trading without much learning blockchain. Trading only involves on market. As long as their good on analysis and parameters, does it matter to know the basic of bitcoin like sending and understanding blocks of it how it works? When their purpose is to gain profits from chart analysis?

Are you referring to free coins or airdrops which they give to some users? If yes, it is a small amount of money and requires a lot of patience to save more amount of that for you to be able to trade. In trading, it will somehow require you to deposit money into your account but if you are just a newbie in trading you must consider learning how trading works and you should explore the site you want to trade your money.  Keep in mind that trading is also risky  so we better be careful.

We have to consider our preparation. In every opportunity that we encounter, we should always think how prepared we are? Trading cryptocurrency is not a gamble wherein even you really don't have an idea if you know the rules, you can win instantly. In some ways, you can beat the market but most of the time you lose if you don't have knowledge and preparation.

We need to think about our arrangement. In each open door that we experience, we ought to consistently consider how set we up are? Exchanging digital money isn't a bet wherein even you truly don't have a thought in the event that you know the standards, you can win right away. Some, you can beat the market however more often than not you lose on the off chance that you don't have information and arrangement.

Crypto market is extreme risk and high volatile before starting trading you need to follow some instructions which is common in market.

Patience
Dont invest more than you can afford
Have proper knowledge on crypto
Also don't be greedy

I would always recommend to plan before trading if you are investing in a coin research as much as you can only then you can understand how to trade like at what price you need to buy and sell, if you are all set then mive on to trade.

Before trading you should know that your going to have a lot of sleepless night, I am no expert to trading but I always consider how much is my capital and how much I am willing to lose if the market went into a crash you should also set what altcoin your going to buy and do a thorough research on it, never buy in an impulse or in an overly hype token or coin some do fake pumps and you might get into traps, lastly beer and trading at the same time don`t mix well.   

I went through the article and want to make some comments. Securing email is important even if a person doesn't plan to trade, so it's not trading-specific. Moreover, did you mean 2FA for the exchange (say, email and phone) or actually for email? I think it would be too annoying for email if one uses it all the time (like I do), but extra security for exchange, on the other hand, it a good idea. Secondly, the article is clearly shilling for Koin Bazar, an exchange I've never heard of and couldn't find in the top-100 or even top-200 exchanges on coingecko. So calling it "very well established" is a vast overstatement. Moreover, the article contains a lot of mistakes which are sometimes just annoying, but other times make the text confusing (for instance, "if you can afford your lose then don't invest more".
Overall, the arguments are rather tips on how to keep the money safe than on how to profit from trading.

I disagree with 'take an expert advice', as a trader you have to make your own decision. You have to know where you should buy and sell based on your analyst, don't take a decision based on someone else suggestion.

I've heard a story, there is a lecturer who instructs two students to invest in the stock market. But he gave different assignments to the two students, where student A was to invest and was placed in a place that was far from information and student B was placed in a place that had a lot of information, be it newspapers or suggestions given by experts.

But do you know who gets the most profit? student A who get the most profit. The reason is quite simple, student A made a decision with his rational sense, but student B made a decision with his emotional sense because he had a lot of information which in the end will confuse himself. A good trader is when he experiences a loss he will blame himself and evaluate all the mistakes that have been made. You will not blame yourself if you take a dicision from other people suggestion.

Crypto trading is most profitable way to generate profit from crypto. It is looks soo much tricky but is it really tricky. Different people different Opinion.  But in my opinion maybe its not. Reason, in every platform in every work what we need? Learning, expertism, experience,  tricks, intelligence thats it. Without that things we can't be successful in any platform sp thats a thing what we need in cryto trading if you learn and achieve technical thing in crypto trading platform then definitely you will get better result. That's it.

The most important thing is that you make up your mind that you just MIGHT lost the money that you are investing/trading. If losing this money won't affect your day-to-day life then Proceed. If you are gonna end up with a hell of a debt then Quit.

At the end of the day - it's your money. Your Winning or Losing won't affect us.

Learning to trade cryptocurrency is fun, and anyone can learn to do it. You can get started without a ton of money, but once you get a couple of wins under your belt it’s easy to justify dumping money into investments recklessly.
While you can, of course, make money with trading it’s also important to be very careful. This is particularly true if you’re new to cryptocurrency, and that’s why in this article we’re going to give you some tips to follow before you start trading!
1. Secure your email address
2. Learn proper wallet safety procedures
3. Find a reputable exchange
4. Set reasonable goals for yourself
5. Don’t invest more than you can afford
6. Learn at least a little about TA and FA
7. Be careful with what you don’t understand
8. Don’t get greedy
Follow these tips and remember to treat failure as a learning experience and you should do okay.

^ Thank you for the link that you have shared but I disagree with what you have said that crypto trading is very easy to gain profit. Trading is not just easy to gain money, it will probably have a rekt if you are expecting too much on it. However, the link was so helpful if you have to search for a good article to start trading and that is a good practice to first a knowledge on how to trade before you will step up in trading. For me, gambling activity and trading activity are the same things that involves risk if you will hoping to gain money on this.

These are the thing that we need to consider, IMO...

* Price (start trading when the market is not bullish)
* trading platform ( must have to use reputable and high volume exchanger)
* Capital ( please keep in mind that more capital, more gains)
* Self-preparedness ( knowledge, skill, and strategies)

Everything must be secured first prior to start trading otherwise, you only suffered losses. If are not prepared yet, better not to push ourselves because this is not just an easy task and probably, not an easy money scheme, we need to work on it in order to achieve what we aim for.

Bitcoin is more safer asset as of today, with the banks printing trillions daily its only a matter of time until the imminent hyperinflation.
That's why big companies such as grayscale, micro strategy, fidelity, goldman sach is moving their wealth into Crypto because its safer store of value. Trading it will be more profitable considering a lot of demand coming from institutional investors.

I totally agree with the previous comment. ⬆️ @Yamifoud
I would add that when you are ready to trade crypto the fees are important. We must try to reduce the payment of fees so that it does not affect our profits.
Generally, exchange platforms have incentives for traders, events and bonuses where they can earn more. For which it is appropriate to be attentive on these exchange platforms and take advantage of these prizes.
Another way to earn is on P2P platforms always check if you can buy crypto at a good price.

That's the problem we have been seen in today's time. People are eager to invest all their precious savings without much proper knowledge which backfires on them.

I think the first thing to consider as well as understand before trading cryptocurrencies is the risks involved. Most people join crypto because of what they have heard so far,  hence joining without first knowing that the crypto space is volatile, and once their goals isn't met they will likely join the bandwagon to call is various names. So I believe, understanding the risk is a good way to start and with that, one can proceed further to know more about trading. Another vital point to take note of is, trading what you can afford not all your savings or loans, but the money you feel you are okay with; this will save you a lot of stress and heartaches.

Assumption that everyone invests everything they have is not that likely, maybe it happens because news coverage around the world covers stories about this but I think that they are only a small percentage of the population, remember Bitconnect and OneCoin, that is some of the examples. I think the real problem is not knowledge but lack of mentorship and lone wolf attitude, without mentors, you will be navigating the investing path blind and being lone wolf is bad thing because you do not have information that might come from others that may help you in the future.

I manage to read the article OP has provided. I couldn't disagree with all of those reminders but just only one thing that is vague for me. We are talking about trading bitcoin here. Thus, is vague to understand why the article are reminding readers not to invest more? Investing and trading are two different things.

When we  gain profits from trading, it's because we do a good trading plan and make a good use of TA, FA and stop loss right usage. Investing is another field thus making some profits, too.

And remember, trading takes time to learn. Tools, experience and confidence are really significant for a better trading.

All your 8 posts are sending links,creating thread just to advertise your Site.

why not share here for free than luring People to Add views in your site.

But that's fine if  your Link is legit though i doubt that there will be visiting your link here.

It is really worth it to own bitcoin as an asset and trading it in the market can be good depending on your trading skills.

You're right that technical analysis is important when you trade so that you have a signal when to trade depending on the proper season or right price of bitcoin.

If you made mistakes at your first trading journey, keep your heads up and learn from your mistakes. Trading is about learning how to make your money grow effectively so that you can make bitcoin much profitable for you. I know that some people think that trading is easy but try so that you know how it really works.

for me the most important thing is the potential of the coin and the price.
This is the most important thing for you because the price can adjust how much capital we have and the potential for coins also has an effect. because we can see if the potential for a good coin will not make a loss even though we have to buy at high or low prices.
besides that, maybe the volume factor also needs to be considered and where the exchange token is traded

Those who can afford to take risk and have extra money should only trade with crypto because for any beginners it is very easy to lose entire money. Always learn first, gain knowledge and trade with best of the coins initially and if require should be able to hold if entered at wrong time and market falls then may take some time to recover. So, should be ready to book losses or hold till you recover the loss.

There is so abundant to consider. Cryptocurrency trading is a reasonable aspect. But you have to be prudent or you have to fall into the hands of scams. The fundamental purpose of trading is to formulate a profit. With that in the psyche, you have to stride forward with a lot of considerations in mind. The massive entity is that if there is a loss, you have to accept it and proceed to trade and this will improve the experience.

Newbies tend to say and perceive that doing trading is just easy as it looks like it is a fast earning process that is why many people are getting interested on doing trading but many are failing for they have underestimated trading and perceive it as an easy process that you can just gradually earn profit by some sort of clicks here and there. Well, that is just normal but newbies must know the reality that trading is a risky process to take and it is not just as simple as you think it is. You can be easily fooled and deceived of you will think of it as a piece of cake that you can just easily manage. Well maybe for well experienced trader it can already be easy but coming from a newbie, then you are stating it to be new which can be misleading for other newbie to start with and that can result to lots of failure along the process for they did not expect circumstances to come along the way of doing trades. Trading is a risk to take and failures are always expected if you will not take it seriously and without having prior knowledge about it.

Knowing what job we enter will make us realize the need to study and put more effort in making it works. The market is too volatile that requires us to be extra careful in what coin to buy and when we should do the trade. As much as possible we should allow ourselves to improve by having effort to learn some trading skills. Others just think it's easy but once they really doing it and using it to make a living, it's quite stressful if there is no gain. So being able to set goals and try to learn more each day will help us alot.

In the article you wrote, you recommended Koinbazar, which I myself do not really understand about the exchange. Which is natural considering that you seem to be Indian.  Actually for the selection of exchanges is to adjust the taste of the users As a person from SEA, I certainly prefer INDODAX and Binance because they are more friendly and also have undoubted quality.
Koinbazar is good for Indians but not necessarily the best choice for people in other countries, we can choose Binance as the best exchanger for international scale. And if you prefer not to deal with Centralized Exchange, then DEX can be a safe choice for your transactions as a trader.

One shpuld always take into account that online crypto trading is as risky as regular trading, if not more risky. It is easy to be fooled by cryptocurrency when you're seeing your friends earning high profits in this industry, but make no mistake, those profits would cost you time, effort, and sometimes money too to get good at it. So trade at your own risk, and read books that will help you gain better knowledge at this craft.

Any trading in assets implies risks that will be in any case, since there are no ideal transactions and there is always an option that you will lose everything, so one of the main rules when investing in cryptocurrency is a one-time investment should not exceed 5% of your capital as it is extremely risky for everyone. unreasonable

the most important thing is your mental preparation, if you want to be rich then you need to prepare to be poor first
after that is the management of emotions because of this factor that many people lose because they cannot hold back their emotions to get rich from trading in a short time

Trading is not a easy task so there are so many things that  need to considered first before doing trading. Before we do trading we need to research first on how to be succesful on trading we need to self study and discipline beause scammers are everywhere.

Many people who are trading for the first time miss this preparedness. They have not learned basic knowledge about trading techniques, so losses will continue to occur. They will only learn from the experience of losing trades. Beginners usually don't have a definite strategy and goals to achieve. The more capital, the more they will lose if they are not ready to trade. Basic knowledge is very important and learning Technical analysis and Fundamentals is a requirement that must be done, although not so specific.

Beginners are only tempted by the huge advantages of trading Cryptocurrency, especially Bitcoin and all without adequate knowledge and trading at the wrong time.
and actually all trading is very risky including Cryptocurrency and it all depends on their own knowledge and analysis before starting it and that's the most important thing.

What we should need before trading cryptocurrencies is learning for some lessons, so you know how to start. You need to learn more about buying and selling, especially how to buy low and sell high. That is the key beside the other key such as discipline, improving your trading skills, and the other things. It is hard, and it will not happen in just one night, so you need to be patient before seeing that you can make a profit. If you can have skills in trading, that will give you the profit which you want. But remember that the crypto market will still run, even if you leave the market for a while.

And the most important one?is the Attitude and character in Trading,We must know our limits and controlling our desire,It's indeed that in Trading we all need profit ,Lots of profit but we must also consider that the Higher you seek is the Lowest you may get if Greed Gets your Whole personality.
Knowledge and Will is the Power for trading,You can't Gain with pure Knowledge and you cannot also win if pure Will,Both has their part for our success.

So to anticipate the possible lose of money, we need knowledge and right understanding to approach the trading life more effectively than before. I also think that patience and right timing are important in trading activities. Maybe contentment is another aspect the trader must learn during tradings.

There's a lot of complicated things to consider before engaging yourself in Trading.

1. Trading Knowledge
- This is the first and foremost to avoid money losses. If you're going to learn while trading, then that's risky for your money and mental health, unless you could do multitasking productively.

2. Funds
- You need this to make profits with your knowledge on Trading. This will fuel your wits in Trading to multiply your funds as much as you can in the long run.

3. Mental Health
- Strong mental is a must as well to avoid too much losses whenever you make a bad decision, because you don't need to make bad decision twice just because you got mad after a huge loss.

The only thing that I have learned before I started trading Cryptocurrencies were the knowledge on how to operate the exchanges properly and how to cash in without spending too much gas fee. I also joined many campaigns before I even started trading since it would be a good idea to stock up or get many Alternate Cryptocurrencies before trading.

You really need to have some experience in doing so, you need to sacrifice your time and little money to know exactly what are the things to consider when trading with cryptocurrencies. But you need only to invest time and money that you will have no problem when it's gone or something has gone wrong with your investment because it's just for practice purpose to gather some experiences.

Those factors are the one who need to bare by the people who wish to start their very first trade since if they didn't try to learn that or apply on theirselves provably they will miss so many opportunity to earn and most likely they will buy on hype and get rattled by the people who spread fuds and tell about negativity to make us sell on the dump or hold and seek for more almost impossible huge profit percentage.

After the first profit, many beginners begin to consider themselves to be cool traders who easily got used to this most difficult craft, but this is a mistake. You should always be mindful of the risks and trade very carefully.

Trading will never be easy at any time, I often to read the sentence in the trading book and I believe that. For those who says especially someone who just new to trade and they a lot of profit in trading, most likely they are lying or they are gambling with just get profit.

I said it is not just trading crypto but almost trading place will be like that. Need more time to get consistent profit, you have to learn many things especially your psychology. Yeah, there will be many people who will learn the strategy first insted of psychology where as the psychology is the main factor to consistent at least you will not leave and give up after you got lost a lot of money.

This is very important factor to trade carefully. Learn the basic as this will guide the trader on how trading works. As others claims trading is easy but they don't know in just span of time they will lose their money. So when you read the article you will learn, you’ll get some information and reminders to bring before trading cryptocurrency. However, educate yourself, not too emotional and not to be greedy when taking a profit.

Cryptocurrency trading is really good and newbies that are still starting should know how they can manage their risks, even if they are going to lose a few times when they start their trading (which is definitely going to happen) it will be good if they are able to avoid too much of the losses and save their money to continue another day as they also continue to gain more experience.

This particular skill is a skill that will take them a log way, even at a time when they have been become well experienced in trading cryptocurrencies, they will still be in need of this particular skill.

At least have a profit and loss calculation, if you miss the calculation then we will be trapped in trading, whatever it is, will have a big risk, whether you have capital or not at least have a strong mentality to stay focused on your stance while trading, the market price also determines your results, if the market price is dropping it is very difficult to predict and analyze the price on the exchange ..