Safety first before trading

[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.

[1714661773]

1714661773

[1714661773]

1714661773

[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.