Safety first before trading

[christian07]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

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[stomachgrowls]

Mentioning this article main points.
-Market capitalization
-Trading Volume
-Stop-losses and taking profits
-Safely storing up your cryptocurrency.

These are common things to consider before diving into a particular coin but there are still some fellas
that do risk out on small cap ones and doesnt even use up SL and TP most of the time.It'll vary on each
trader preference on where he do make out some profits.

[target]

Low trading volume of a coin is a sign of a nearly dead coin and it could possibly be the reason why its has low volume in a daily basis but its probably not the case for some old coins which are only manipulated by holders with stashes of it.  

There were new coins with low volume, not far from being a dying coin since its just started and I'm watching it for months because I tried to see how wild the price can be. Noah Coin is created by a team intended for the remittances related to my country and Japan, great coin but low volume but are promoted by celebrities in the country.

[Harlot]

If this was an article about "how to trade in the crypto market" then this will be one of the worst things for a newbie to read on it. Market cap and trading volume isn't even one of the basic things you need for analyzing a trade and stop losses and target prices is something you should have to learn after you have known the basics because you won't really know how to use it if you don't even know how to earn in the crypto industry. Aside from how to analyze a price chart in the crypto industry I think it is important to talk about before entering the crypto market is the crypto exchange where you want to trade in, since not all crypto exchanges are trustworthy both for your money as well as the information they are giving so I think this should be included in the article.

[TravelMug]

I expected something new, but it turns out that this is just another click bait article.

Market capitalisation?  Many of us got burned using this trading strategy, most of the low cap projects also suffer from this worsening market conditions. Stop-Loss? We have heard this many times before so I do hope that new traders learn this or at least 'experiment' how to used this one. I'm sorry but is just a rehearse of thousands of articles floating around.

[leowonderful]

You should also not be using a set percentage below your entry to determine where to place a stop loss, but rather determine it from how much money you're willing to risk compared to your position size. You can use a closer stop and a large order if you're confident that the price is going in the direction you've determined it to, or a far away stop with a smaller position if you're less certain while risking the same amount of money in both circumstances when done correctly. Make sure your analysis agrees with your stop placements as well, and like the article mentions, don't place stops in obvious places because previous lows and highs are often overrun for liquidity because people like to place their stops near these two points.

[Text]

Well, safety tips mentioned in that article are the common advice we see or read on many other articles and every trader should know it. I don't recommend storing your coin/token to an exchange, I only transfer them to it if I'm ready to trade/sell it. We must knowledgeable indeed in keeping our assets, use trusted and legitimate third-party apps and websites only, always check that you are visiting the official sites and avoid phishing links.

[maxreish]

We do study a lot before deciding to do a real time trades, right? But not every traders know about Market Capitalization. For newbies, we have to take a look at coin's Market Cap. It indicates and represents the size of the company and how well the coin is doing with the market.
For some instances, stop loss should never ignore to execute in every trades as it will help our trading to lessen the possible huge loss and save us up from sudden changes or sideways.

[Hippocrypto]

We do study a lot before deciding to do a real time trades, right? But not every traders know about Market Capitalization. For newbies, we have to take a look at coin's Market Cap. It indicates and represents the size of the company and how well the coin is doing with the market.
For some instances, stop loss should never ignore to execute in every trades as it will help our trading to lessen the possible huge loss and save us up from sudden changes or sideways.

Even if you're dealing with trading seriously, taking all sorts of steps before reaching up your goals, you can't prevent those challenges in trading. Everything will be more stressful and crucial, for everybody. That's the essence of doing cryptocurrency trading, and all of us knows how risky it was. All of those is worth rewarding, as you particularly ensure the safety of our funds and of course you should only do trading when you needed; avoid storing funds at exchange sites in order to avoid being compromised.

[LbtalkL]

Stop-loss is really helpful but some exchanges do not have that feature and you need to manually monitor and sell or cancel your orders, the solution is simple to leave that exchange and transfer to a decent exchange having that feature with good volume but the problem is not all coins are available in all exchanges. This is a common mistake of a trader, not setting a stop loss, back on 2017 I guess I sell a coin in 50% loss a very bad mistake and will not do it again.  

[Twinkledoe]

I expected something new, but it turns out that this is just another click bait article.

Market capitalisation?  Many of us got burned using this trading strategy, most of the low cap projects also suffer from this worsening market conditions. Stop-Loss? We have heard this many times before so I do hope that new traders learn this or at least 'experiment' how to used this one. I'm sorry but is just a rehearse of thousands of articles floating around.

Actually, there's nothing new presented on the article. Those are generic things to consider in trading. But if you will immerse yourself in a particular coin for trading, there are a lot more to consider and it varies from one coin to another. In other words, you should not blindly go to trading without any weapon on hand at the very least.

[Wexnident]

Actually, there's nothing new presented on the article. Those are generic things to consider in trading. But if you will immerse yourself in a particular coin for trading, there are a lot more to consider and it varies from one coin to another. In other words, you should not blindly go to trading without any weapon on hand at the very least.

Well, the article is a general guide for beginners entering the BTC or crypto market. Plus, I doubt anyone would actually not know WHERE they should enter or what market they want to enter since that is one of the prerequisites as a beginner trader to determine first. But really, I was kinda disappointed the article didn't include that losses are unavoidable. Like, accepting them first hand before entering trading is a must, since the more you deny or the more you try avoiding them, the fewer profits you could actually gain later on.

[TitanGEL]

Actually, there's nothing new presented on the article. Those are generic things to consider in trading. But if you will immerse yourself in a particular coin for trading, there are a lot more to consider and it varies from one coin to another. In other words, you should not blindly go to trading without any weapon on hand at the very least.

Well, the article is a general guide for beginners entering the BTC or crypto market. Plus, I doubt anyone would actually not know WHERE they should enter or what market they want to enter since that is one of the prerequisites as a beginner trader to determine first. But really, I was kinda disappointed the article didn't include that losses are unavoidable. Like, accepting them first hand before entering trading is a must, since the more you deny or the more you try avoiding them, the fewer profits you could actually gain later on.

Loss are inevitable but we can minimize our losses. Newbies should focus on risk management, there is a saying that it is ok to loss small but to lose big is not ok. Mistakes are good thing but make sure that we can a knowledge from it. In trading your first objective is not to multiply it, your objective should be how are you going to protect it in order for you to able to grow it.

[Genemind]

The best weapon that we can wear before we enter trading is the knowledge about it and dealing with its risks. As for me, we have to look for a legit coin and it's trust rate before trading. Trading with top coins would be an advantage. Choosing a trusted exchange is also necessary. Dealing with every market situation and applying the basic strategy which is to buy low and sell high is also a good point. Trading is a long process of learning and we can discover a lot of things along the journey.

[Assface16678]

The best weapon that we can wear before we enter trading is the knowledge about it and dealing with its risks. As for me, we have to look for a legit coin and it's trust rate before trading. Trading with top coins would be an advantage. Choosing a trusted exchange is also necessary. Dealing with every market situation and applying the basic strategy which is to buy low and sell high is also a good point. Trading is a long process of learning and we can discover a lot of things along the journey.

One of the problems of the traders today is if they know the basics in trading they going to need to wage all of the money they have because they know this is all about risking money to have profit, and that was wrong we are aiming for profit and play safe our money we do not want to waste all of our hard work's and just gone in a wrong trade be careful on that, even the professional traders that have much experience always think about the action because they do, one of the concepts of trading today is earning a substantial profit, trading is all about exchange of currency and winning trades. It would be a bonus if you got a little amount of profit. In trading, you need to look what coin is fit to your wants because sometimes we want to have a secure trading and get an easy money, but we choose bitcoin, bitcoin is a volatile currency too, but it takes time to earn huge amount of money this kind of method is short term that is good for altcoins. Even you are knowledgeable in trading, always research to be more updated on what is happening on the currencies.

[LouVandetta]

Stop-loss is one of the most important thing to know. I've seen quite of beginner traders that jumped in to trade their money without setting their stop-loss first.
They bought  at x price and put a sell order at xx ( a higher price), then they leave it while believing that the price will rise and when their order is filled, they will have the profit as what they've imagined. Without minding the risk if the price goes below that point. And all you get is losses.

Well, and other things from that article is pretty much a must know beforehand especially for beginners. But it's also a good reminder for traders that already has some experiences, to always remember them.

[Bohxz M4p4gm4h4l25]

The best weapon that we can wear before we enter trading is the knowledge about it and dealing with its risks. As for me, we have to look for a legit coin and it's trust rate before trading. Trading with top coins would be an advantage. Choosing a trusted exchange is also necessary. Dealing with every market situation and applying the basic strategy which is to buy low and sell high is also a good point. Trading is a long process of learning and we can discover a lot of things along the journey.

I think every coin in coinmarket can be trusted for the sake of trading; not necessarily for holding if I'm not mistaken. On the other hand, I agree with your statement that we must trade well known coin if we wanted to protect ourselves because some altcoins in coinmarketcap are devaluing gradually.

[Sanugarid]

The best weapon that we can wear before we enter trading is the knowledge about it and dealing with its risks. As for me, we have to look for a legit coin and it's trust rate before trading. Trading with top coins would be an advantage. Choosing a trusted exchange is also necessary. Dealing with every market situation and applying the basic strategy which is to buy low and sell high is also a good point. Trading is a long process of learning and we can discover a lot of things along the journey.

I think every coin in coinmarket can be trusted for the sake of trading; not necessarily for holding if I'm not mistaken. On the other hand, I agree with your statement that we must trade well known coin if we wanted to protect ourselves because some altcoins in coinmarketcap are devaluing gradually.

Safety is necessary not only in trading, but in our daily lives. But in terms of trading, it is the one who will keep you safe from scams and losses. Taking care of your safety is very important for a trader because it can lead you to lose all your money in just a second.

Always check the addresses and your wallet for you to avoid sending money to wrong address. Also inform your friends about the safety that you learned for them to also keep their accounts away from errors.

[Negotiation]

I think somewhere before doing business his safety needs to be fixed Because starting a business without picking it up is very risky for all of us. Before doing business you need to be aware of the market you are trading in and if you are safe in the transaction the person who does the transaction will also not trade with any new services. Also, it can trade with crypto it is very reliable.

[zeze18]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

5. Don't be greedy.
Don't get tricked by any investation's ads that offer so much profits in a short time, it might be a ponzi scheme and if you're not lucky enough you will lost all your investment. So we better to learn step by step the trading fundamentals and get experienced in trading.

[avatar_kiyoshi]

Loss are inevitable but we can minimize our losses. Newbies should focus on risk management, there is a saying that it is ok to loss small but to lose big is not ok. Mistakes are good thing but make sure that we can a knowledge from it. In trading your first objective is not to multiply it, your objective should be how are you going to protect it in order for you to able to grow it.

Risk management is multilevel and does not pegged to newbie or pro. The higher the level of risk, experience in managing risks will increase, also the profit will be higher. Maybe this is what distinguishes a newbie or a pro, but even a professional must learn and be careful.

[Subbir]

what actually safety means trade?
Trading calculation modified on every occasion that then follows everywhere the market news or technical issue you have got to be told initial so trade smart learning means that smart security.

[Republikcoin.com]

what actually safety means trade?

I think those are the basic tips you need to read, buddy. Basic things like market capitalization, trading volume, information, etc. are the basic things you need to know before trading, and that is what he means as Safety before trading.
actually it does not guarantee whether you will benefit from trading or not. but, it is only the basis for knowing whether the coins that you are going to trade are worth trading on or not.

[Trela]

I expected something new, but it turns out that this is just another click bait article.

Market capitalisation?  Many of us got burned using this trading strategy, most of the low cap projects also suffer from this worsening market conditions. Stop-Loss? We have heard this many times before so I do hope that new traders learn this or at least 'experiment' how to used this one. I'm sorry but is just a rehearse of thousands of articles floating around.

Haha, today, the market capitalization and trading volumes are easy to be counterfeited by Exchanges websites. Reading the news, I'm not surprised to find a report on a fake exchange site that attracts investors to sign up and participate in the site. And stop-loss or take profit is useless when you are too greedy.
=> Learn to control your emotions, greed and accept failures before becoming a trader.

Right investors are always assertive when making decisions and do not regret what happens.

[samuraijin]

I just want to trade where the exchange has a high trading volume, for safety I must prioritize it being the first priority, usually I always take advantage of trading pulls it into my wallet, unless my capital leaves it on the exchange to benefit from other trades, this article is a bit helpful but not overall

[KnightElite]

Loss are inevitable but we can minimize our losses. Newbies should focus on risk management, there is a saying that it is ok to loss small but to lose big is not ok. Mistakes are good thing but make sure that we can a knowledge from it. In trading your first objective is not to multiply it, your objective should be how are you going to protect it in order for you to able to grow it.

Risk management is multilevel and does not pegged to newbie or pro. The higher the level of risk, experience in managing risks will increase, also the profit will be higher. Maybe this is what distinguishes a newbie or a pro, but even a professional must learn and be careful.

If you are good in risk management then you are also good in terms of diversification. The traits of a successful trader is they do not put all eggs in just one basket because they diversify. They don't go all in in a specific coin for example a trader have capital of $10,000. A profitable trader will not invest that whole $10,000 in bitcoin alone, he will diversify it in 4 parts or 3 parts. Maybe in Ethereum, Xrp, bitcoin cash or bitcoin.

[MURONDI]

yes, security is very important, but I don't really like complicated, so I rarely use extra security, I like the easy and simple ones, maybe because I'm only a small trader so I don't really care about security, maybe I would be more careful if I use a large capital.

[Karmakid]

Before you do anything with your money like do trading, you should always remember that you will only put an amount that you can afford to lose because when something goes wrong then you will not be frustrated because it is alright for you to lose that money. Learn how to do money management before anything else so it will be easy for other things to follow because you know how to handle your money very well.

[Dart18]

Looks to me like someone already made this kind of thread.
There is a difference though.
He did copy some about the article and posted it in bitcoin discussion.

Here it is.
https://bitcointalk.org/index.php?topic=5210185.msg53365232#msg53365232

[Twentyonepaylots]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

5. Don't be greedy.
Don't get tricked by any investation's ads that offer so much profits in a short time, it might be a ponzi scheme and if you're not lucky enough you will lost all your investment. So we better to learn step by step the trading fundamentals and get experienced in trading.

I often use youtube and facebook and I always see an advertisement of a trading platform which tells to invest and displays the highest trader earned on the ad. So I think this is one of the reason why greediness is often possessed by a newbie or beginner which results more often in huge losses. Learning trading is basic, but experiencing it is very cruel.

[audaciousbeing]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

What you have highlighted as what should be paid attention to in trading is basically something so basic that by default, anyone in crypto whether trading or not should know about. For those who wants to be interested in trading, there is need to even take extra care and note in dealing. As a matter of fact, anyone in crypto trading should be vigilant by default that all platforms should not be completely trusted and the man on the other side is trying as much as possible to take more money from you.

[Reid]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

Yeah that should be first. Safety.
But how actually?

It is not just about marketing, trading or volume. You need to keep your money in safety first.
Get a hard wallet. If needs payment then so be it as long as you know it will be the safest method ever.
Next, do not stay in an exchange for a long time.
Yes, it is more profitable having a lot to be traded but you need also to stop being greedy and keep some of it at some time.
Where it should be? Your created hard wallet. Always there.

[msarro]

Before you do anything with your money like do trading, you should always remember that you will only put an amount that you can afford to lose because when something goes wrong then you will not be frustrated because it is alright for you to lose that money. Learn how to do money management before anything else so it will be easy for other things to follow because you know how to handle your money very well.

Nobody can take care of your money other then you only. If you start trading without having any knowledge then there are bright chances that you will join camp of 'trading losers'. Everyone think crypto trading is very easy, its like buying bitcoin in the morning and selling in the evening.

[gabmen]

Before you do anything with your money like do trading, you should always remember that you will only put an amount that you can afford to lose because when something goes wrong then you will not be frustrated because it is alright for you to lose that money. Learn how to do money management before anything else so it will be easy for other things to follow because you know how to handle your money very well.

Nobody can take care of your money other then you only. If you start trading without having any knowledge then there are bright chances that you will join camp of 'trading losers'. Everyone think crypto trading is very easy, its like buying bitcoin in the morning and selling in the evening.

It's never easy. It may seem like the buy low sell high principle is pretty simple, but it's not. You risk a lot already by making trades. Safety i think begins with things that you can control. Like choosing a reliable site where you can trade, having a secure wallet with private keys and security features like 2fa, and putting in just enough money that you can let go in sour times. Nothing's for certain in trading though there are certain things you can practice to lower your chances of being rekt or worse, getting your money stolen.

[justdimin]

There is a level where risk makes you more money and too much risk loses you money, that gray area where you risk enough to make money but not risk too much to lose money is where everyone should be operating. However, that place is not easy to find and everyone has trouble figuring out where it is because it changes depending on everyone's budget and level of comfort trading.

I personally figured out that I can trade 100 bucks and not worry about it, I can leverage it, I can trade it, I can invest into tokens, no matter what I do with that 100 bucks including gambling itself, I wouldn't worry however if I end up losing that money as a whole, I would probably not do anything for couple of months at least, so find that number for yourself and the method and you will be good to go.

[Apened]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

This topic is helpful, however it takes more time fpr the traders especially to the new ones to understand how to do this. Although this is a very basic setups that every trader should know and to be applied on trading. Nothing is easy it takes time to learn this things but still a worthwhile to read. It all depends on every preference of a trader.

[Meowth05]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

It is required to have enough knowledge first before engaging in any other activity related to crypto otherwise you will get scam by the people who have bad intent. There's a lot of articles that could help you to learn to trade besides you are in the forum that would provide the fundamentals you must know along with some tips. Making an entrance into a thing you don't familiarize with is just the same with gambling knowing that you have no chance of winning.

[Murat]

It's a common thing to take extra caution previously because this is not like a conventional platform for investment and trading, that's why Slow and Steady strategy could make a good thing in this system, I think it's not any difficult thing for a newcomer or an old folk to make trade in this blockchain system, I believe if someone is trying to start with a small volume then it must be a good thing because it will bring to anyone a good result within a short time. so you have to think twice before investing and trading in the blockchain system.

[silversurfer1958]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

I realize that there are many exchanges that meet these criteria, but they are still deceptive. IDAX is an example because you can see that its volume is quite high and has lots of good trading features, stoploss and limit price, ... I'm quite happy with this exchange but I was completely stunned. fever to know the CEO stole more than $ 200m of investors and fled. so we not only analyze the 4 things above, but we also have to look at their community and the support of the support team. That proves that they are a professional team or not.

[pawanjain]

What's new about what you mentioned in OP ? Most of the traders are aware of such things.
The things to consider about is safety is

Keeping your crypto in safe locations
Not mentioning about your crypto balance in public
Diversifying your crypto to minimize the risk

These are points you should have mentioned

[CarnagexD]

Many people getting failed into the world of trading because of having a lack of experience and knowledge and one of the keys to success is learnings. Some people today want to include in the world of trading but one mistake can cause too many losses to your income. It is better first to prepare your mind, emotionally and mentally and next if you think you are prepared enough try to make some demo today there are a lot of trading platform that supports demo to their traders that is the good thing because you can now experience the environment of the trading and the pressure of getting loss your income, lastly always aware how much you earn and how much you lose or win it is not good that you don't know how much you get.

[jrrsparkles]

We should be aware that in this crypto market is full of pitfalls. I seemed to think that this market was pink until I lost over $ 2,000 in an ICO project in 2018. I suddenly realized that nothing could make us rich quickly. . So if there's news or PM groups for you and invites you to invest with high interest, never believe it and block them as quickly as possible.
Besides, I also have advice for new people that be patient to get rich. We may earn less money but in the long run, don't be greedy. Discipline in trading and patience will make us safe and rich.

Without risks we cannot make profits but people who take risks blindly has preparation at all.So there are some factors decide whether our risk is worth or not for the project we are going to invest.First of all taking risk on complete new project is not the smart move because we may earn more or loss completely so with such types we have to stay away.

[CHENIEN]

During this quarantine season, there's a lot of time to read some trading platform programs particularly in bitcoin and also other cryptocurrency processes, for the main time it is suitable to determine if how it works to convert and it's probably good for safety.

[Sadlife]

These hackings is truly a dilemma for traders because how can you earn a good amount of money if you can only deposit little money.
I think there are various ways for an exchange to really secure they're customers funds like Facebook security when an intruder logins to unknown IP the account gets immediately lock out and they also hire bug bounty hunters to always pentest their site for vulnerabilities.

[BuNga_cute]

A very interesting and useful article, after I read the article that was shared in the opening post. Because it reminds me of the basics
that must be known before starting trading, the article is actually shown for the newbie. But for those of us who are seniors enough
also useful, because often it is forgotten. Especially regarding trading volume, many traders underestimate this. While trading
volume is one of the keys to making a profit and avoiding losses. As we know we should choose coins with high trading volume,
so it's easy to make a profit. But there are still many traders who buy coins with a small volume, which eventually becomes a loser.

[el kaka22]

Especially regarding trading volume, many traders underestimate this. While trading volume is one of the keys to making a profit and avoiding losses. As we know we should choose coins with high trading volume, so it's easy to make a profit. But there are still many traders who buy coins with a small volume, which eventually becomes a loser.

Volume is a good indicator but all traders who opt low volume coins not necessarily need to book losses because low volume coins are good for manipulations and people with considering vast capitals easily pumps those coins and book profits just before all others do. This way of manipulations are now a days takes places by group of small traders by informing each other through telegram/discord channels.

I think there are various ways for an exchange to really secure they're customers funds

Unfortunately hackers innovative themselves in rapid manners which makes all of us suffer in a new way one day or other. There isn't any simple solutions available against changing things other than sticking with basic security measurements like, for example, not clicking random links and not holding funds within exchanges as a crypto adopter/trader and an exchange must update their firewall system more frequently.

Not mentioning about your crypto balance in public

But hackers are easily tracking with the help of blockchain and posts on this forum still this is not a big thread as long as hackers start using quantum computing .

[Negotiation]

I agree with you that all of us should adopt these strategies before trading There are risks before doing business Always try to avoid this risk Now is a good time to understand the market from sitting in the home quarantine Before trading we need to look at the coins well It is easier to make a profit if one is likely to increase the price and which one is investing more in a reliable market.

[BlackFor3st]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

In order to be safe in trading, you need to have a decent knowledge on how to trade safely or low risk trading. It cannot be achieve easily as you need to gather the resources that you really need like tools and etc. in order to avoid any fatal mistakes that will cause you trouble like losing your money.

Searching and studying are the basics while experience is an advance knowledge that can be learned differently so if you are a wise person who wants to start a journey in trading then my little advise is take your time in learning the basics, gather the useful resource and lastly be patient and don't be greedy.

[Btc_1856]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

In order to be safe in trading, you need to have a decent knowledge on how to trade safely or low risk trading. It cannot be achieve easily as you need to gather the resources that you really need like tools and etc. in order to avoid any fatal mistakes that will cause you trouble like losing your money.

Searching and studying are the basics while experience is an advance knowledge that can be learned differently so if you are a wise person who wants to start a journey in trading then my little advise is take your time in learning the basics, gather the useful resource and lastly be patient and don't be greedy.

Patience is one of the most key factors in trading and it is very important in every sort of trading whether it is long term or short term. Within days it is impossible for the person to learn skills, trading is completely long way journey which will take a lot of time to analyze. In another way, we have to learn the basic knowledge of the coin which we are going to buy (Fundamental analysis).

[AniviaBtc]

Stop-loss is really helpful but some exchanges do not have that feature and you need to manually monitor and sell or cancel your orders, the solution is simple to leave that exchange and transfer to a decent exchange having that feature with good volume but the problem is not all coins are available in all exchanges. This is a common mistake of a trader, not setting a stop loss, back on 2017 I guess I sell a coin in 50% loss a very bad mistake and will not do it again.  

It is really essential to know the strategies and safety before engaging in trading, most especially when you know that the market is not that stable and many people are having conflict in trading when they don't execute their strategy properly. That's why always think of your safety first before your assets, as it will bring you less loss in your money. Sometimes you just need a discipline and patient in order for you to become more effective in trading.

In exchange you need to have a good decision making and critical thinking skills so that you can manually manipulate your assets, sometimes you just need to find and become comfortable on the exchanges that is suitable for your preferred features. You don't need a perfect exchange, if you're good at managing your coins to prevent loss, then that's enough. Volume of people is also a factor so that you know that the exchange is somehow legit and have a lot of customers.

[wozzek23]

Are we going to focus on safety of our assets at the hands of someone else, or are we talking about safety in trading. Because, they are very totally different two things.

One of them requires you to find a place that is great at security and have awesome prevention systems and barely can ever get hacked but even if that happens somehow manage to bounce back, I always give binance as an example because they have over a billion dollars on their system and that means there must be thousands of people trying to get a piece and as far as I remember they were only hacked just once and managed to return from that.

But, safety during trading could have a million different ways and stop loss is just only one part of it, that topic is a long list of things that you should do.

[Majharul Saiif]

Wherever you depart to work with the first gadget to think about your own safety then you have to go ahead. So you should work with your orifices and ears sunken while trading. Or there is a possibility of being deceived and at the equivalent duration, you possess to relinquish everything.
In other words, think and act, don't think after accomplishing.

[Latviand]

Well, safety tips mentioned in that article are the common advice we see or read on many other articles and every trader should know it. I don't recommend storing your coin/token to an exchange, I only transfer them to it if I'm ready to trade/sell it. We must knowledgeable indeed in keeping our assets, use trusted and legitimate third-party apps and websites only, always check that you are visiting the official sites and avoid phishing links.

He just made another thread about this even if it is already discussed before.

This is a common topic in Trading discussion and you can also found a similar topic like this in "Beginners & Help". But we are already here, always be aware about storing and transferring of your coin based on the relevance of your transactions. If you are ready to make transactions then that's the only time that you will transfer your asset into an exchange that you are going to use.

In trading, you should not be greedy, you shouldn't make decision that you didn't think about for so many times.
Always used a reliable and efficient wallet where you are comfortable to store your money with.

[Dorodha]

You need more than luck to succeed in affiliate business there will be risk wherever you trade. You have to use your intellect and apply knowledge to provide protection. You have to analyze the trading signals well so that you can understand the value of the currency.Bitcoin is the safest way to invest in business it is possible to trade without risk. There is no fear of being scammed. But before that you have to learn about the market by reviewing different sites.

[kolbalish]

No matter what our life is parallel, we have to conserve our own safety. The consequence of trading is also contained in safety because of course, we'll trade in the urge of profit. In the case of loss, it is not apparent to say when this reimbursement will be disbursed. So whatever we have to do, we have to do it very deliberately. Even then, there are many casualties, in which case I think that our own negligence, the strategy was improper or luck was not favorable.

[DevilSlayer]

Many people getting failed into the world of trading because of having a lack of experience and knowledge and one of the keys to success is learnings. Some people today want to include in the world of trading but one mistake can cause too many losses to your income. It is better first to prepare your mind, emotionally and mentally and next if you think you are prepared enough try to make some demo today there are a lot of trading platform that supports demo to their traders that is the good thing because you can now experience the environment of the trading and the pressure of getting loss your income, lastly always aware how much you earn and how much you lose or win it is not good that you don't know how much you get.

The main key in order to have successful trading journey is passion and commitment. When I say passion, it means that you are doing something that you really love with hardwork. I have passion in trading because I love it, it is not just about money; it is about happiness when I'm doing it. Be also committed in terms of learning and studying new information. We should open to the new concepts and knowledge that we can use. Trading is not about luck, it requires foundation and we can build that foundation if we will stay committed and have burning desire to become successful in our trading journey.

For those beginners in trading, forget about the money and focus on learning. What I said is really true because if you focus on earning than studying first, the possibility of capital wipeout is huge. You can focus on earning if you have now basic concepts and foundation especially in terms of technical analysis.

[Yatsan]

It is really in need and a must thing to do to have some precautionary measures to be done before engaging into something that was just certainly new for you most specially for the newbies that have just got their way into getting in this industry and wanted to try doing trading. First and foremost, before doing any trading or investment engagement, you must learn the basics or needed knowledge you must know to better understand the risks associated on the type of work you wish to enter. Doing research and readings through internet as well in this forum would be a great help for there are lots of members that can respond into any inquiries being raised by any member that will surely help you along with the process of learning before you get into starting your own trade.

If you do really want to excel and last longer in this industry specially on doing trades and investments, you must take it slow on learning the basics and do not rush too hard for it might just lead you to failure which you might regret in the future. Trading is a serious matter to be taken for the sake of your money is at stake if it would become profitable or not depending on the attitude you will exert. Knowledge and experience is a key concept you must have to be able to succeed in this type of work so do not rush, just go with the process.

[pragna]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

This is good link that you shared actually. Yes, every trader must know these four things deeply so that they can gainer in trading. Actually those who believe in easy trading they are in fools paradise because in trading every single point is important so to understand these points trader must read more and more and at the same time practical experience also need. Those who connect both of it can be successful trader day by day.

thanks.

[GhadaAlrubaie]

safety is necessary for everything not only in trading!!
One important tip to do is that you should do study a lot before deciding to do a real time trades. You have to take a look at the coin's Market Cap. It indicates and represents the size of the company and how well the coin is doing with the market. However, checking the addresses and your wallet is a must to avoid sending money to wrong address.

[bangkecol]

Nice article share. Beside four things on that article, in the trading activity we must also have money management.
Successfull trader is who have and obey the good money management.

[iv4n]

Nice article share. Beside four things on that article, in the trading activity we must also have money management.
Successfull trader is who have and obey the good money management.

Usually this kind of articles cover just a little part of the entire story behind something. Probably because they know that people don't read too long articles, at least majority just see the headline and highlight parts. Today's journalist are making sensational headlines from day to day, rarely I find some good articles that deserve attention.
Be safe when you are trying something new, not just trading, not just in crypto, you need to learn how to prepare the field and plan your steps, how to minimise the potential risks. Everything connected with money, investing, spending, require attention, more attention before the jump means better preparation, and its how you keep yourself safe.

[beerlover]

There should be some sort of free course that teaches people the main things in the trading world, all the chart readings all the indicators all the basic information about trading that people talk about.

It doesn't mean you have to use them to trade, you can ignore all of that but learning about those basic things would allow you to be a bit better, right now there is really not that many places that teaches you everything beautifully for free, there are ones who suck or there are ones that cost a lot of money, and there are even ones who suck and still cost money as well, there should be some crypto supported and donated place that teaches everything from the very top experts of the topic, which should also be with amazing design and so forth on the video to explain the newbies easily so that they are not confused.

[cryptomaniac_xxx]

There should be some sort of free course that teaches people the main things in the trading world, all the chart readings all the indicators all the basic information about trading that people talk about.

I think there's a lot of free courses online, you just have to filter out everything. It's better to stick to one though, so that it won't make you confuse because of all the information that you are going to digest.

It doesn't mean you have to use them to trade, you can ignore all of that but learning about those basic things would allow you to be a bit better, right now there is really not that many places that teaches you everything beautifully for free, there are ones who suck or there are ones that cost a lot of money, and there are even ones who suck and still cost money as well, there should be some crypto supported and donated place that teaches everything from the very top experts of the topic, which should also be with amazing design and so forth on the video to explain the newbies easily so that they are not confused.

And when you feel confident with your learnings, then you can go out and play, it might cost you some money, but at least you try to apply everything and it takes a lot of practice to master it. Tons of hours are to be spend to gain that experience to go to the next level and be a successful trader.

[Kong Hey Pakboy]

There is nothing wrong in being cautious in trading, so we could avoid getting scam and getting low amount of profits. That is why people intends to learn and understand trading first and how the market charts works before they engage in trading, so it would be easy for them to make analysis and make a successful trade.

[yhiaali3]

Yes, of course, safety before trading and before anything else, it is very important before you start trading that you know where to place your Coins and is this exchange or wallet safe or not, there are many things that you have to do such as choosing an exchange or a safe wallet to store your Coins, as well as dividing Your Coins are on more than one exchange and more than one wallet so that you do not lose them all in case something happens.
Of course, exchanges in general are not safe because they can be Hacked. They can also seize your Coins for unknown reason or ask you to verify KYC or ban your country. The best thing is the hardware wallet and then the app wallets.

[beerlover]

--snip--

Yeah there are ones like I said, there are ones which are free but they are not answering all the questions and teach so little for free, or there are very expensive ones that basically such a teaching that it is live and you can ask any question you want, and there is everything in between.

However there is none that is fully teaching every single thing and free. Now don't get me wrong anything that is worth doing worths money so I am not expecting teachers to actually do it for free but there could be people who can donate for such a cause or even create this right? Binance offered 400 million dollars for CMC as far as we know, how much can few teachers and some equipment could cost them? Yearly 50k at most? Probably not even that much. So I think it could be done.

[panganib999]

It is just right and a must thing to do to take up some precautionary measures such as educating yourself by doing thorough research whenever you are up into something that is just new for you like trading before doing engagement to avoid bad things to come up like getting caught by scammers and hackers because they would surely take advantage of your innocence in this industry and make themselves powerful to conquer your mind so being knowledgeable enough would save you up from such possibilities to happen.

Always think that you are dealing and staking with a real money and your aim is to make profit so you must equip yourself with essential knowledge you can use such as knowing the basics on how to do trading to be able to do necessary actions on how to come up gaining profit and not to gain loss because of doing wrong stuffs. Knowledge is your greatest weapon and power that you must have on doing trading so that you can justify that what you are doing is leading to a right path of the way going to success and not the other way around.

[TheGreatPython]

I can't believe that people have to be convinced to be careful when they are trading, from the moment your money leaves your bank account to the time when it goes back into your bank account you should be careful about every single moment of it.

From the exchanges getting it, to the moment you trade there, to the moment you pay fee's and basically everything you can think of, do not get me started when the money just sits there and does nothing, even that is very risky if you are keeping it in an exchange because who knows if they will get hacked or not, they could totally get hacked! So that is why caution is the most important thing in bitcoin world, be ready to do security more than you have ever done in your life, it really is a whole new level around here.

[Tomcolor]

We can call a coin that has a low volume a death coin because there must be a reason why their coin does not have a volume and if that reason is a suspicious prediction then forget that coin. If I were a smart trader i would never simply believe such a dead coin, again many dead coins are seen to wake up after a few years when everyone thinks it is shitcoin.

[Lorence.xD]

If you want to trade then go trade on the trusted sites, the problem is people wants to find a site that does not take a cut, give the site some slack, besides traffic that is their only way of earning. I do not know much but I hope that is the gist of it. The real safety should be having an emergency fund in the case where you are having a downtime when trading. Regarding scams, most of them could be prevented if you have a common sense but there are elaborate ones out there so doing your research is strongly adviced.

[ChronoLite]

We can call a coin that has a low volume a death coin because there must be a reason why their coin does not have a volume and if that reason is a suspicious prediction then forget that coin. If I were a smart trader i would never simply believe such a dead coin, again many dead coins are seen to wake up after a few years when everyone thinks it is shitcoin.

correct, we should not invest on dead coins. why in the earth we are investing on dead coins where we will not even get our money back by making an investment into those shitty coins. i would rather to get slow but decent amount of money in top coins on coinmarketcap rather than gambling my money into dead coins

[Assface16678]

We can call a coin that has a low volume a death coin because there must be a reason why their coin does not have a volume and if that reason is a suspicious prediction then forget that coin. If I were a smart trader i would never simply believe such a dead coin, again many dead coins are seen to wake up after a few years when everyone thinks it is shitcoin.

correct, we should not invest on dead coins. why in the earth we are investing on dead coins where we will not even get our money back by making an investment into those shitty coins. i would rather to get slow but decent amount of money in top coins on coinmarketcap rather than gambling my money into dead coins

I think still many people are hoping that they can still earn with the use of those dead coins we all know that the bitcoin starts in a zero value so they think if they make an investment into a dead coin or a coin that is has a zero value they think they can earn with this and holding for a long time which is a desperate earner I think because it's already dump why still makes an investment.

This is a great article and I have learned some things. Thanks for sharing

I think you are just new on our forum it's better to read the beginners & help thread first because we push new members to create a constructive post to help every one thank you.

We can call a coin that has a low volume a death coin because there must be a reason why their coin does not have a volume and if that reason is a suspicious prediction then forget that coin. If I were a smart trader i would never simply believe such a dead coin, again many dead coins are seen to wake up after a few years when everyone thinks it is shitcoin.

It's looks like an investment for nothing because they think they can earn with this coins which is near to the zero value and hoping they can earn with this coin for a long time like a 50 years lol.

[nicecrypto]

So much have been said about trading in different platforms and I believe anyone who wants to engage in trading should consider getting the right knowledge about it, in a very comprehensive manner so they will understand it properly, I think op is right about people getting the right information before indulge in trading.

[ChronoLite]

I think still many people are hoping that they can still earn with the use of those dead coins we all know that the bitcoin starts in a zero value so they think if they make an investment into a dead coin or a coin that is has a zero value they think they can earn with this and holding for a long time which is a desperate earner I think because it's already dump why still makes an investment.

it is kind of gambling actually, gamble your money into dead coins hoping to see those coins raise up is kinda coinflip if you do not know what to do for that. it is really good and rewarding if your picks are going through, you can get something huge on that. but what happen if you fail? you will lose and it could be difficult to actually cut loss due to how low the volume is.

[Assface16678]

So much have been said about trading in different platforms and I believe anyone who wants to engage in trading should consider getting the right knowledge about it, in a very comprehensive manner so they will understand it properly, I think op is right about people getting the right information before indulge in trading.

Knowledge regards trading is one of the most essential thing we should have because we want to lose all of the funds that's looks like you are giving a lot of money to them. Also I encourage to the other members to make trade to the known platform to avoid getting trouble regarding with your account because we want to keep all you safe.

Also if you will make trade don't get carried away by the insights and any kind of navigation came from other people because this may risk a 100 percent if your funds.

I think still many people are hoping that they can still earn with the use of those dead coins we all know that the bitcoin starts in a zero value so they think if they make an investment into a dead coin or a coin that is has a zero value they think they can earn with this and holding for a long time which is a desperate earner I think because it's already dump why still makes an investment.

it is kind of gambling actually, gamble your money into dead coins hoping to see those coins raise up is kinda coinflip if you do not know what to do for that. it is really good and rewarding if your picks are going through, you can get something huge on that. but what happen if you fail? you will lose and it could be difficult to actually cut loss due to how low the volume is.

Still even it has a low volume they want to buy and thinking they can earn a lot more it's looks like investment with a chance of 99 percent losing and 1 percent earnings but still it's their choice to get income or loss with those dead coins.

[Janation]

I think still many people are hoping that they can still earn with the use of those dead coins we all know that the bitcoin starts in a zero value so they think if they make an investment into a dead coin or a coin that is has a zero value they think they can earn with this and holding for a long time which is a desperate earner I think because it's already dump why still makes an investment.

it is kind of gambling actually, gamble your money into dead coins hoping to see those coins raise up is kinda coinflip if you do not know what to do for that. it is really good and rewarding if your picks are going through, you can get something huge on that. but what happen if you fail? you will lose and it could be difficult to actually cut loss due to how low the volume is.

I think this is not a gamble at all.

I mean we are talking about dead coins, right? They are already dead, and I don't think you should even risk your money in those dead coins since I don't know who will be even seeing a potential at that I don't even know if people would still check on those changes since they will be more focussed on other cryptocurrencies they are investing.

[Shasha80]

It's scary that more and more are becoming victims of scammers or hackers in the trading world. Therefore I totally agree to do it
safety first when trading, one of which is choosing popular and reliable trading platforms. Then choose potential coins for trading,
and don't buy low volume coins. The next one uses risk management so that the capital used is safer, and lastly, always use the
stop-loss feature to maintain the capital we have.

[nasipadang]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

Actually there are several things related to the success of trading besides the 4 things that a trader should know based on the article above. Experience is needed at the same time and knowledge that we have in trading cryptocurrency, as we know that trading experts have at least 2 years of trading experience. No trader is successful with a small period of time, so don't give up easily and gain experience to achieve something.

[Kasabus]

It's scary that more and more are becoming victims of scammers or hackers in the trading world. Therefore I totally agree to do it
safety first when trading, one of which is choosing popular and reliable trading platforms. Then choose potential coins for trading,
and don't buy low volume coins. The next one uses risk management so that the capital used is safer, and lastly, always use the
stop-loss feature to maintain the capital we have.

Being cautious in everything you do before you trade and while you're into trading helps keep you safe and your assets too. Do not rush into trading thinking that this is a quick rich sheme because once you're into trading, your funds will be automatically in a high risks. Choose the best trading platform once you trade and make sure you are trading those high volume coins and not those dead coins or else you will end up losing your funds.

[coinfinger]

Everyone and their ways, there are people who prefer to buy cryptocurrencies with small market cap, and there are those who prefer the ones that already has a huge market cap just like me. I do think that most of those people that are interested in small market cap cryptocurrencies are just looking for a pump and dump.

There are people who wants to pump coins and once their prices increases they will dump the bag on other investors and traders, and small market cap coins are the prey. Another very important we should know is exchanges, some of them are not really good, and your trading money should be stored separately from the main one; you can keep the trading money on exchanges while the rest stays on personal secure wallet.

[dunfida]

It's scary that more and more are becoming victims of scammers or hackers in the trading world. Therefore I totally agree to do it
safety first when trading, one of which is choosing popular and reliable trading platforms. Then choose potential coins for trading,
and don't buy low volume coins. The next one uses risk management so that the capital used is safer, and lastly, always use the
stop-loss feature to maintain the capital we have.

Being cautious in everything you do before you trade and while you're into trading helps keep you safe and your assets too. Do not rush into trading thinking that this is a quick rich sheme because once you're into trading, your funds will be automatically in a high risks. Choose the best trading platform once you trade and make sure you are trading those high volume coins and not those dead coins or else you will end up losing your funds.

Theres no such thing about being completely safe when it comes to investment no matter how cautious you are but somewhat this is much better compared to those people who do just make out reckless and
careless decisions towards into their investment.Of course we do mind into our investment since we do know that our money is on stake but mistakes are inevitable so you should somewhat expect that losses
cant really be avoided no matter how hard you do try on making the best strategy or analysis out there but what most important is that you do know how to handle out situation which would result for you to
end up on profits on what you've been doing.

[kakonhat]

Safety need for everything not only for a wallet. I think everyone needs risk management safety. Suppose if you invest $1000 and got some standard profit you should backup your $1000 to full free from any tension if don't has much money. And sure before investing you should know where are you investing.

[Arkann]

I believe that for every trader, the most important factor in safe trading is risk minimization, which can be carried out primarily thanks to the stop loss function. But only the correct settings for this function can protect the trader from unforeseen moments of fluctuations in the cryptocurrency rate.

[Salauddin1994]

Ensuring safety before trading is the main responsibility of every trader otherwise the risk is to read more. The site you invest in must be well analyzed you need to verify the reliability of the site and then invest. Also, the amount of investment should be reduced if the site is good then gradually increase. No matter where you invest you need to have a backup so that you can easily recover if something goes wrong later without protection business can never be profitable.

[palle11]

Safety need for everything not only for a wallet. I think everyone needs risk management safety. Suppose if you invest $1000 and got some standard profit you should backup your $1000 to full free from any tension if don't has much money. And sure before investing you should know where are you investing.

Investing properly is another part of managing your resources. You need to do a research on the project because money management won't matter if the project isn't progressing. I bought a coin in the past but after few months it dropped 200% and I was left with nothing .

[SacriFries11]

I believe that for every trader, the most important factor in safe trading is risk minimization, which can be carried out primarily thanks to the stop loss function. But only the correct settings for this function can protect the trader from unforeseen moments of fluctuations in the cryptocurrency rate.

That's right. I agree with your point. It will minimize the losses if they set it in the right spot. Most of scammers take advantage to the people that have lack of knowledge about cryptocurrency. They promise that they can grow their money after they invest. They tell that its a 100% sure that it will double or even triple. There's a lot of things to learn before trading. Its best to know and learn before trading to avoid a lot of mistakes.

[MCobian]

I totally agree that when we trade, don't focus too much on chasing profit, but safety first must be prioritized. Because if we focus on profit,
usually all of our plans fail if it turns out that our strategy doesn't go according to plan. Here mistakes are often made by traders, in the end
blaming the coins that have been purchased. Even though crypto trading is activities that have a very high risk, so actually it is obligatory to
prioritize safety first.

[imstillthebest]

That's right, security should come first. Also, you need to minimize the risks as much as possible, then you will not be able to lose everything.

I know only one way to minimize risks when trading, it is to work only with large exchanges, and everything else depends on luck.

why mate ? is it because large exchange have a tough security and you think you can avoid hacks with that ? well thats a reasonable piece of advice .

when your secure your already minimizing the risk along with that but minimal risk does not meant that you will now not loose any  . theres still a risk , only small  and you can also loose small but thats better than loosing big  .

[onecall123]

That's right, security should come first. Also, you need to minimize the risks as much as possible, then you will not be able to lose everything.

I know only one way to minimize risks when trading, it is to work only with large exchanges, and everything else depends on luck.

You're right, I've been following the rule to minimize the risks but sometimes i'm wondering how others haven't known at least this basic knowledge. It's hard feeling especially when you only have little money to lose so learn act quickly when you need to. Newbie people need to get educated to not fall into this trap. Most people need to be careful though.

[Quidat]

That's right, security should come first. Also, you need to minimize the risks as much as possible, then you will not be able to lose everything.

I know only one way to minimize risks when trading, it is to work only with large exchanges, and everything else depends on luck.

You're right, I've been following the rule to minimize the risks but sometimes i'm wondering how others haven't known at least this basic knowledge. It's hard feeling especially when you only have little money to lose so learn act quickly when you need to. Newbie people need to get educated to not fall into this trap. Most people need to be careful though.

There are really situations on where those people who do only have limited or little knowledge about trading do really make out some profits even into its limited information
yet we cant really deny that luck do really have some part where it can really affect someones trade even though no matter how good he is or noob but there are instances
where you can make money in spite of lacking those capabilities but those luck wont really last long yet sooner or later you would really experience mistakes and which causes
for you to lose money and thats the time you would consider on learning things up to reduce risk.

[gabbie2010]

Safety need for everything not only for a wallet. I think everyone needs risk management safety. Suppose if you invest $1000 and got some standard profit you should backup your $1000 to full free from any tension if don't has much money. And sure before investing you should know where are you investing.

Investing properly is another part of managing your resources. You need to do a research on the project because money management won't matter if the project isn't progressing. I bought a coin in the past but after few months it dropped 200% and I was left with nothing .

Yes two major factors to be considered are money management and choosing the right and appropriate coin for investment, we are all aware of the numerous numbers of coins flooding the cryptosphere, of course there are numerous coins that doesn't worth investing on, any investor that made a wrong choice will amount to losing the investment ie a situation where the coin dumped massively as you rightly said, managing the coin is another factor after making profit as in taking profit at the appropriate time and percentage values while leaving the portfolio to grow.

[dimonstration]

I believe that for every trader, the most important factor in safe trading is risk minimization, which can be carried out primarily thanks to the stop loss function. But only the correct settings for this function can protect the trader from unforeseen moments of fluctuations in the cryptocurrency rate.

Sometimes we tend to forgot to set the stop loss function that results for a big losses, on terms of these instance we should better also have actual emergency fund so whenever we need money for expenses and the market is not doing well we will not opt to sell our potential coins that may still arise in value after it's decline. Don't ever trade all in your money without having extra fund for emergencies and don't forget to stop losses especially if the project were not really for long term investments.

[Pamadar]

I believe that for every trader, the most important factor in safe trading is risk minimization, which can be carried out primarily thanks to the stop loss function. But only the correct settings for this function can protect the trader from unforeseen moments of fluctuations in the cryptocurrency rate.

Sometimes we tend to forgot to set the stop loss function that results for a big losses, on terms of these instance we should better also have actual emergency fund so whenever we need money for expenses and the market is not doing well we will not opt to sell our potential coins that may still arise in value after it's decline. Don't ever trade all in your money without having extra fund for emergencies and don't forget to stop losses especially if the project were not really for long term investments.

Preparing yourself is far better before jumping to this business. Having a good emergency funds will allow you to keep holding your assets
and not to be worried, fear will not eat you up while you are still inside this market.
Regarding to stop and loss you need to know how things works it's a good tools but also can be a reason of your losses, mostly inside crypto
market as the nature is very volatile.

[mersal]

I believe that for every trader, the most important factor in safe trading is risk minimization, which can be carried out primarily thanks to the stop loss function. But only the correct settings for this function can protect the trader from unforeseen moments of fluctuations in the cryptocurrency rate.

Sometimes we tend to forgot to set the stop loss function that results for a big losses, on terms of these instance we should better also have actual emergency fund so whenever we need money for expenses and the market is not doing well we will not opt to sell our potential coins that may still arise in value after it's decline. Don't ever trade all in your money without having extra fund for emergencies and don't forget to stop losses especially if the project were not really for long term investments.

Preparing yourself is far better before jumping to this business. Having a good emergency funds will allow you to keep holding your assets
and not to be worried, fear will not eat you up while you are still inside this market.
Regarding to stop and loss you need to know how things works it's a good tools but also can be a reason of your losses, mostly inside crypto
market as the nature is very volatile.

Stop loss can save you from huge losses, that is what it was intend for.So if you are someone who wants to care about the capital more than the daily profit then it should be an important feature to have and also can be used by the day trader as well depends on the coin which they are trading on that day.

[mnporter2001]

4 things to note are correct but the presentation is quite vague. I think newbies should look to the books that teach trading of their predecessors, which will be how the newcomer can understand the difficulties as well as the process of a real trader. Meanwhile, the traders will understand better about the truth as well as the truth when trading. Such experience will help the new traders define a trading strategy more easily. and of course, the knowledge in the book will still be reasonable as well as much clearer when read in magazines. I encourage you to read this book, The Market Wizards Series by Jack D Schwager

[Bitlover10]

Many people loose their fund in this market even experienced traders also lost everything. From my personal experience only 2 to 5 percent people took profit from this market and other more than 90 percent people lost their money in the market. So risk management is very important in this market. You mose concern should be how to safe your capital. Profit is too far away. First you need to learn risk management.

[Wratheye]

From the very beginning, you need to understand that you do not need to chase quick profits.

[Mpamaegbu]

I'm not going to belabour this topic but honestly it doesn't seem to stop amusing me the way people talk about trading as if it's the only risky business in the world. Come to think of it, every business venture is risky. The only thing with trading was that a lot of people jumped into it thinking it's an easy way out - a Get Rich Quick scheme. Now, those who got stung by the half truth know it isn't so. Perhaps they're the ones crying wolf. If anyone must trade (either Forex or Crypto or both), go get the required set skills for it. It's a job, not a gamble. Get the right education for it.

[glowing10]

From the very beginning, you need to understand that you do not need to chase quick profits.

Understanding and having basic knowledge about trading is essential, do not be greedy and book profits unless it is for long term ,  Stop loss is a must if you need to survive in trading  and this is my personal experience, Do not trade just blindly unless you are aware about it.

[Dorodha]

Quick gains always bring losses the newcomers are more vulnerable and lose everything and leave the market. You need to know the business before you trade and you need to monitor the market well over time. Using your skills you should try to learn the techniques before trading and stay away from new sites these are more scams.

[peterpanda]

Though trading is one of the best way to generate money but it has risk also. Anyone can lose his capital here if he/she doesn't follow the trend of trading very well. many people are losing money daily because they don't know the basic rules of trading.

[Wawa2013]

Trading is the best way to make money in the cryptocurrency world. So many people try crypto trading without proper preparation.
Of course this is very risky, especially when crypto prices are very volatile. So in my opinion it needs careful preparation, and most
importantly, safety first before trading is one of the preparations for trading that must be done. The most basic safety first thing to
do is stop-loss and taking profits in my opinion.

[pokeronlinestatus]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

Research is a normal thing everyone is meant to do before they get into something new, I don’t know why some people would hear about cryptocurrency and they just get in and trading blindly without having a simple knowledge of what they are about to get themselves involved in. It’s really wrong, before you do anything you should first understand everything about that, not just running into what you have no clue about it.

When I decided I am going to start cryptocurrency trading I read a lot online and was even watching videos and also going for some paid courses in my locality to know better. If not that, you’re going to be learning the hard way and be falling into scams.

[metenjean]

Research before trading is good but is not always worth depend how situation with bitcoin first time, what for waste time for checking with some coin before investing and looks good chance to buy, but several later bitcoin have lower price and we have forget how many time research and checking with our coin investing, altcoin always put and depend their price with bitcoin.

[Arkann]

If we take into account the recent research carried out by the Dashlan company, it turns out that almost 75% of the 35 top-rated cryptocurrency exchanges have very strong vulnerabilities and each user is at risk of losing their funds. For example, a significant portion of exchanges do not require both numbers and letters. Also, some cryptocurrency exchanges do not prefer tools that can be used to assess the strength of the password during the registration process. But nevertheless, it is on the trader that security primarily depends, because it is the choice of a cryptocurrency exchange for trading that offers several levels of account protection that will secure the trader's assets.