Things to know before trading.

[Marvelman]

If you are just holding a coin then certainly you aren't trading you are only investing in the project. Even though both can be analyzed using both fundamental and technical analysis trading is very much different from holding. In holding you have to do a deep research about the project while for trading all you need is getting a good point in the market where you can comfortably buy or sell placing your stop loss and take profit  for risk management purpose

But evan if you are a crypto investor then you certainly do want to look for opportunities to sell a certain percentage of your coins. The goal here is not to keep the coins forever, it is to sell a certain percentage of your coins while making money. This is what we all are striving to achieve in the end - to maximize the return for our investments.

[1714991880]

1714991880

[1714991880]

1714991880

[1714991880]

1714991880

[BIT-BENDER]

This are not technical guides to make someone safe in trading, I think I would use your guide in investing -basically- than trading, I have started trading without the use of demo and your guides are something that are part of me but in the real Field of trading they really don't help when in difficult circumstances.
I think newbies trader have to learn trading more than anything, like the real trading and not guides in investing. So for a trader or a semi trader I think you haven't traded much to have enough experience to give out.

[Kontibruno]

Trading is a two-way thing: it can be very rewarding and it can wipe you out completely. There are basic things about trading that every aspiring trader must be aware of. Trading requires skill and a lot of practice. There is so much you can learn from your coach while being trained. However, the main knowledge is gained by constant practice! practice! practice!

Secondly, you must have control over your emotions and have financial discipline. Above all, do not commit more than 10% of your trading capital to any trade and trade with money you can afford to lose.

[Oshosondy]

it can be very rewarding and it can wipe you out completely.

Trading can result to gain or loss, but it can result to loss because the chance of it to result to loss is more than the chance to gain, only people gaining from trading are experienced traders that have suffered losses in the past, there is no how someone will just start and not have emotions and losses.

Secondly, you must have control over your emotions and have financial discipline.

This is the reason I like to just hold because there is much financial discipline for holders than traders, if someone start to trade, emotions will set, result to financial indiscipline and losses.

[Alisha-k]

I do advise people not to invest on what they can afford to loose, having this clear understanding, make a progress to research about it, make consultation both in person and online, resist any iota of fear and verify the authenticity and genuity, put down your wallet keys written in a book and make it confidential, know your tax billing schedule and choose a considered reasonable trading platform that best suite your choice.

Investing what you can afford to lose has saved a whole lot of persons from emotional trauma. Building confidence over time as you rightly stated will give you Mastery over the years and build your account irrespective of the number of times an account was blown

[Tessnik]

The old rule remains the primary rule; invest what you can afford to lose, trading is one of the riskiest part in cryptocurrency investment as you can lose all your money in one trade. If you don’t have a good trading skill i will advise not to rely on trading signals as it is most time wrong unless you can combine it with your own market analysis.

[pooya87]

If you don’t have a good trading skill i will advise not to rely on trading signals as it is most time wrong unless you can combine it with your own market analysis.

Signals are always wrong and if by some  coincidence they become right that means the shitcoin was small and they successfully pumped or dumped it after giving the so called "signal" since the sheep following them listened!

[worle1bm]

- Hodling is easier than Trading.

Only if you have patience and invested in the best cryptocurrency like bitcoin because hodling a shitcoin won't benefit you anything.It is easy compared to trading but going all through panic sell and FUD is not that much easy for many but those who have hold btc for long term don't need to worry anything.

[GeorgeJohn]

The old rule remains the primary rule; invest what you can afford to lose, trading is one of the riskiest part in cryptocurrency investment as you can lose all your money in one trade. If you don’t have a good trading skill i will advise not to rely on trading signals as it is most time wrong unless you can combine it with your own market analysis.

Yes of course trading involves risk and without Risk you can not make it in all ramifications of investment, apart from having good quality or skill of trading before you could make it, so relating it to other business oriented, the more you are serious to a business the more the business yields profit, been a perfect trader depends on your experience of market, the movement of candle sticks, all these determine the profit and lose which involves in trading investment, it's very obvious that cryptocurrency trading have handicapped people because of inability to understand it's rudiments or concept.

[juliepower]

Things to know before trading:-

Before making trading I think take a time to learn basics about the trading so educate yourself or handle basic first, take a knowledge before you invest it helps you, more knowledge is the first key of trading for beginners don't jump blindly in trading. when you properly understood, then it can help you make a lot of money, but you can also lose all your money because there is risk also.Make your plan, set your times and stick with your plans. Don't plan in a greedy way think realistic expectations. Learn to stop the risk or loss. Take advice an expert. In trading you need to be have patience don't be take decisions in hurry. 🙏