Things to know before trading.

[Issa56]

Many people have been investing in cryptocurrency, and some have been complaining that they are losing money, particularly newcomers, so I believe this will really help you as a trader. The following will guide everyone to be a successful trader.

There are four keys to successful trading.

1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.

3. You must give yourself time: Because cryptocurrency requires patience and dedication, you should not rush to make money at the same time This is impossible since if you buy a coin now, it may take weeks or months for it to pump, so don't expect to make money quickly with cryptocurrencies. Give yourself time to investigate and plan. Because trading is a long-term endeavor, you must devote sufficient time to learning.

4. Dedication and commitment: If you truly want to be a good trader, you must be able to devote all of your time to it. Since you are making money from it I believe it really worth giving all your time.

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[livingfree]

About dedicating all of your time in trading, well there's truth on it.

But with those traders that I saw, they're not really dedicating all of their time on it. Successful traders allocates around 4-5 hours of their time at the best timing that they can.

And with that period, they have to make money from it. I guess it still ends up on #1.

[Rruchi man]

3. You must give yourself time: ...Because trading is a long-term endeavor, you must devote sufficient time to learning.

Super emphasis should be placed on this. The time factor is very important and beginner traders should understand that trading is not as easy as they they thought and that if they check properly the background of the traders that they are drawing inspiration or motivation from to trade, they would find out that the vast majority of them have dedicated ample time to trading and developed strategies modified and best suited to them.

Patience is very important, because in the duration of time you will be tried, there will be both sad and happy days while you trade,  but the patience to understand that there is a very important factor called "time" in learning is what will count.

Give yourself time.

[Jercyhora2]

I agree with the idea of the owner of this post. Although I have read and watched those ideas a few times, they are very effective especially in handling losses.

I also want to add this youtube video that has given me a lot of help to minimize losses and increase my profits per trade:

Trade Like a Casino for Consistent Profits by Adam Khoo

[traderethereum]

Number 3 and 4 look similar but I agree with all of them.
Learning and practice will be included in the number 1 as, by learning and practice, you will have a good strategy that you can use to trading.
Commitment and consistency in learning and practice can help you improve your skills from time to time to help you become a pro trader.
There is no stop time to learning more about trading because the market will always move up and down, and if you do not learn more, you will not have a chance to make a profit.

[Xinarae*]

Agree, point 3 is the most effective for trading it is not possible for a businessman to be successful without patience and control of emotions. It is foolish to come to crypto to make quick money those who come to power faster are more vulnerable it is not possible to proceed without analysis so even if I fail in the long run without rushing I will have to wait and see what happens next try to know the trading strategies.

[TheGreatPython]

1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.

3. You must give yourself time: Because cryptocurrency requires patience and dedication, you should not rush to make money at the same time This is impossible since if you buy a coin now, it may take weeks or months for it to pump, so don't expect to make money quickly with cryptocurrencies. Give yourself time to investigate and plan. Because trading is a long-term endeavor, you must devote sufficient time to learning.

4. Dedication and commitment: If you truly want to be a good trader, you must be able to devote all of your time to it. Since you are making money from it I believe it really worth giving all your time.

Only four? I believe that we must need at least 100 such principles we need to learn and practice before start risking in crypto trading. Because, market volatility requires high precious approach to get sustaining profitable experiences.

Still, I agree one new trader does not require all the high level things at once but they must need to be open to learn anything new and required. Continuous learning is more vital thing is crypto space. We need to be proactive to analyse each and every step of trading so that we could handle market pressure more efferently toward profit making.

[carrigan]

Great solution, I agree with your opinion. An important point before starting to trade is to really understand the basics of cryptocurrency. In addition, you also need to train your emotions so that they can be more controlled. Trading takes time, not just an instant in an instant, therefore you must be patient and control your emotions as well as possible. After you have mastered these 2 things, the next thing to do is find the right strategy for you, this is important so that you are not confused and swayed by unstable market conditions so that your goals can be clear. Lastly, don't forget to be disciplined and consistent with the strategy you have chosen.

[Mohsin420]

Trading is not easy thing because trading is most risky for successfull trader we need to learn about market how to move market some thing which know everyone for successfull trading do own technical analysis chk market next movement and most of the important thing we know about coming up news which make every coin pump

[kumala_abi]

if I may summarize it, actually there are 3 things that we must master in trading, where all three form a pyramid, the first at the bottom I put psychology, where psychology is the main determinant of a trader's success. then in the middle is money management, where we have to measure the RR for each of our transactions. and the top one is analysis, where actually analysis occupies the smallest percentage that determines our trading success

[TheListener]

Yes for successfull trader many thing  know about trading because trading is more risky without any knowledge first learn then earn so we need know about market movement and do technical analysis with out any issue any time so first learn about trading then start trading

[fullhdpixel]

Agree, point 3 is the most effective for trading it is not possible for a businessman to be successful without patience and control of emotions. It is foolish to come to crypto to make quick money those who come to power faster are more vulnerable it is not possible to proceed without analysis so even if I fail in the long run without rushing I will have to wait and see what happens next try to know the trading strategies.

I also agree with that point. We crypto traders are too impatient and expect to get rich within days which is possibly the worst way of looking at crypto trading. People who trade in the regular stocks market are not even earning 1% daily and we crypto traders are not happy with a 5% jump because we are expecting to double the money we are investing.

Keeping your goals realistic and giving time is important in crypto trading as it is with almost anything in life. Setting unrealistic goals and being impatient only makes you upset even when you end up with small profits in a trade.

[Rigon]

Yes you must know all these things before trading. Because if you don't know all these things then you can't survive by trading. You just have to be more discriminating with the help you render toward other people And must possess courage. For example, when you go to future training, you must buy or take short with low leverage.However, there must be a stop loss. Again during Spot If you buy a coin during training and if the price of that coin goes down a lot later, then you have to be patient.Patience cannot be lost here. If you lose patience and sell those coins later, you will not make a profit by trading.

[layoutph]

Learn first how to read chart. I remember I bought 3 ETH for 30usd.. I sold it all when ETH reached 20usd. One of my biggest mistake as a newbie

[palle11]

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.

At every trading time, our stop loss is encouraged for us to use and if you don't apply it, you can not stay in the market for long before you make your huge mistake. We need not to trade with stoploss because that is the real money management that I know. Looking only at leverage and exposing the stoploss is not money management.

[Jilapikhamu]

And last believe in yourself not to panic trade 

[Ararbermas]

Correct, dedication and commitment is the most important if you truly want to become successful in trading, especially if you have a lot of patience it's a big advantage to be honest , wherein the only thing you need to do is to educate your self how trading really works and on that way afterwards for sure you can build strategies as well for your journey and no need to worry because you know how to handle the situation.

[teosanru]

Actually, the very basic reason why newbies are losing money in cryptocurrencies is that they think of this as a get-rich-quick scheme. They think just like anything they will a secret token whose value would go 20x tomorrow and put all their money into just that one token and then these people complain about losing money. It's obvious that if you would make such foolish choices you will end up losing money. Also, some unprofessional try trading thinking that trading is just buying and selling, these people saw a couple of videos of some so-called trading gurus and now think that all they have to do is buy low and sell high and that's it. They absolutely forget that the basic essence behind trading is to find how to buy low and sell high. If you make a proper investment in cryptocurrencies, dollar-cost averaging your investment, there is no way you can lose money in it.

[famososMuertos]

Point 3 is the one that makes you different, it is the one that makes you earn money and it is the one that tells you; Yes, I am going to dedicate myself to this.

Digital investments give profit every 1 second for a person with a high degree of intelligence and ability to calculate, but if you use the right tools you can start making money with 0.001 seconds.

It is a fallacy that has spread in the discourse, that the pump is necessary to make money. As well as believing that by giving 3, 4 tips you are already solving the equation to be a winner.

[Johnyz]

Learn first how to read chart. I remember I bought 3 ETH for 30usd.. I sold it all when ETH reached 20usd.
One of my biggest mistake as a newbie

This is the biggest mistakes of every newbie, they are too greedy and they always forget to analyze before invest simply because they are too dependent and they trust trading signal that much. There’s a lot of things to learn first about trading, it can’t happen within a day so always have your patience and trade with your analysis.

[perfect999]

Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

I don't think there is any place to find which strategy works for you and which doesn't. You need to trade continuously and with time you realize what's working.

I have seen so many threads in this section that are focused on finding a working strategy. People need to understand that no single strategy can work for everyone because everyone is unique in the way they trade, take risks and handle losses. Traders with high risk-taking ability will rather fancy their chances in the altcoins market.

[zahed]

Thanks for share some guidelines specially newbies can learn in these your four strategies. Trading seems not gamble so those who consider with gamble, point two and three is important key for new commer traders. Newbies mistakes in strategies so there always loss.

[Hypnosis00]

Learn first how to read chart. I remember I bought 3 ETH for 30usd.. I sold it all when ETH reached 20usd.
One of my biggest mistake as a newbie

This is the biggest mistakes of every newbie, they are too greedy and they always forget to analyze before invest simply because they are too dependent and they trust trading signal that much. There’s a lot of things to learn first about trading, it can’t happen within a day so always have your patience and trade with your analysis.

It is somewhat to know that trading was not for impatient people, in fact, I was experiencing this kind of action as I badly think that it drops more but suddenly the pumps just come after selling, it is really regretting. This simply means that we can't make a good trade if our emotions drive us and this is the most common scenario that happened to the newbies.

However, if we are willing to change this kind of mindset and learn those wrong decisions, we certainly make it right. It sometimes happens ( or was common) to experience losses first just to know where we are wrong and that is what we need to find and correct.

[Slow death]

trading is not easy, the person needs to spend hours on the computer and at the end of the day the results can be unpleasant and the person cannot give up the next day because it is the only way to make the money multiply and the person make a profit, and even when a person trades for the long term, there are ups and downs that make the person want to give up, but when the person thinks he has to continue because this money is at stake, the person looks for willpower. trading can sometimes be a big headache

However, if we are willing to change this kind of mindset and learn those wrong decisions, we certainly make it right. It sometimes happens ( or was common) to experience losses first just to know where we are wrong and that is what we need to find and correct.

I agree, but it is not easy to accept losses and continue anyway until correcting where we went wrong, sometimes it can take time to get it right and in this period of time between mistakes, the person is very sad because he is seeing the failure every day

[Alert31]

Trading is good for people with a lot of patience and commitment because it needs a lot of time to focus on selling and buying on the market especially if you are doing daily trade. Also trading is risky, so you should accept the fact that you can't avoid losses, avoid being greedy because it can help you earn more.

[Kayum10029]

There are a number of things you must pay close attention to before you start tradingIf you do not pay attention to all these issues, you may face losses in trading.Don't be overly greedy, have a preconceived notion of trading, be patient, keep up-to-date with information, and above all, keep your emotions in check.

[Text]

Another of the mistakes I notice newbies make when it comes to trading is they get carried away with hype and FOMO.  It would have been okay if it was interesting but they should also do their research such as knowing the true purpose of the project, they should avoid pump and dump schemes and not stay with just one source of information.  We know that when there are rising coins/tokens the prices go up, but when we ride the flow they suddenly fall and they think everything is over and they are carried away by their emotions so they make the wrong decision and panic selling immediately so they end up with losses.

[CryptopreneurBrainboss]

3. You must give yourself time: Because cryptocurrency requires patience and dedication, you should not rush to make money at the same time This is impossible since if you buy a coin now, it may take weeks or months for it to pump, so don't expect to make money quickly with cryptocurrencies. Give yourself time to investigate and plan. Because trading is a long-term endeavor, you must devote sufficient time to learning.

Don't confused investment with trading, trading has more shorter timeframe than investing so it doesn't much have to do with patience instead it has more to do smartness. How smart are your strategy to outsmart the market that's what trading is all about.

The market is no respecter of anyone so you'll need to update your strategy constantly to be in line with the current sentiment of the market. I'm pretty sure the same strategy used for bullish market won't be the same for bearish market and as a traders you should be capable of making profit in all market condition and not just the favourable ones.

Trading has much to do with experience, to become a professional trader you must have spent a decent amount of time in the market and it return it helps you make quick and accurate decision novice coming into the market won't be able to make due to their lack of experience. That's where the dedication comes in as you'll have to be willing to dedicate a decent amount of your time to learning.

[barbara44]

There are a number of things you must pay close attention to before you start tradingIf you do not pay attention to all these issues, you may face losses in trading.Don't be overly greedy, have a preconceived notion of trading, be patient, keep up-to-date with information, and above all, keep your emotions in check.

Don't be greedy? I mean someone who enrolls multiple accounts in signature campaigns shouldn't be giving such advice to others. Sorry about getting personal but this is just another post made for the count.

Although talked about multiple times, I feel like there are still a few things I must mention that are essential for any trader, especially one who trades cryptos.

1- Knowledge obviously
2- Ability to read charts (technical analysis) & fundamental analysis
3- A good balance between greed and ambitions.

[Pasa32]

As i recently saw a post about trading that i needs full concentration and constant time. But i have to say and seen there are many traders even they are not giving much time to trading, but they are good at trading, and earn a lot and took a great profit from it. I think they have a good fortune that's why.

[jostorres]

It is somewhat to know that trading was not for impatient people, in fact, I was experiencing this kind of action as I badly think that it drops more but suddenly the pumps just come after selling, it is really regretting. This simply means that we can't make a good trade if our emotions drive us and this is the most common scenario that happened to the newbies.

However, if we are willing to change this kind of mindset and learn those wrong decisions, we certainly make it right. It sometimes happens ( or was common) to experience losses first just to know where we are wrong and that is what we need to find and correct.

That's why most experienced traders are some of the calmest people. A trader who panics quickly and gets excited with small losses/profits will never really go a long way. Such people are usually teenagers who have the energy to do everything but lack patience. Actually now that I think of it, this is also the reason who so many young guys get addicted to gambling. They want to get rich quickly.

Knowledge about trading and strategies can be learned but the attitude required to trade and the calm mindset is not something you will learn from anyone.

[checkmatesir]

Trading needs constant attention and your more time than you think. It is a way for earning and if someone wants to earn more he should have to give more time. As it is like business, if you want to make more money, then you should invest more and you should give more time to the trading as compared to other things.

[wahyu wida]

It is somewhat to know that trading was not for impatient people, in fact, I was experiencing this kind of action as I badly think that it drops more but suddenly the pumps just come after selling, it is really regretting. This simply means that we can't make a good trade if our emotions drive us and this is the most common scenario that happened to the newbies.

However, if we are willing to change this kind of mindset and learn those wrong decisions, we certainly make it right. It sometimes happens ( or was common) to experience losses first just to know where we are wrong and that is what we need to find and correct.

That's why most experienced traders are some of the calmest people. A trader who panics quickly and gets excited with small losses/profits will never really go a long way. Such people are usually teenagers who have the energy to do everything but lack patience. Actually now that I think of it, this is also the reason who so many young guys get addicted to gambling. They want to get rich quickly.

Knowledge about trading and strategies can be learned but the attitude required to trade and the calm mindset is not something you will learn from anyone.

indeed psychologically, people who are psychologically established are people who are old enough. Indirectly, daily behavior does have an impact on our behavior when trading. Teenagers do have big ambitions and a high spirit of speculation, because they don't think long and even seem in a hurry. therefore for the first time they must be willing to learn and don't think here quickly find a lot of money

[tvplus006]

...indeed psychologically, people who are psychologically established are people who are old enough. Indirectly, daily behavior does have an impact on our behavior when trading. Teenagers do have big ambitions and a high spirit of speculation, because they don't think long and even seem in a hurry. therefore for the first time they must be willing to learn and don't think here quickly find a lot of money

This obviously depends on the fact that adult traders are cautious about risks, since they risk not only their balance sheet, but also the well-being of their family. While young traders are not burdened with family obligations and often risk risk their deposit. And in case of failure, they can count on the financial assistance of their parents.

[ipanks]

As i recently saw a post about trading that i needs full concentration and constant time. But i have to say and seen there are many traders even they are not giving much time to trading, but they are good at trading, and earn a lot and took a great profit from it. I think they have a good fortune that's why.

Some traders do not need to analyze too long to know when entering the market because they can get to where the market will move. But some others will need a long time before they can enter the market. That will depend on how we analyze the market and the purpose of trading is we want to make money and I am sure that we have our own target in making a profit as long as you know how to analyze and the time to trade, you will have a chance to make a profit.

[Cling18]

A positive and proper mindset before trading is also an advantage. We should always consider the fact that losing is part of trading and it isn't always about gaining a good profit all the time. Dealing with the market changes would help us cope up with the pump and dump easily. Trading by knowledge and skills is still better than trading based on our emotions.

[tygeade]

Also, I would like to add, it is okay if you lose money. A lot of people gets upset when they lose money and it is understandable money is a big part of our lives and when you lose some then it becomes a big problem for you and for everyone around you, and that's why it is totally alright if you get upset.

However if you could at least pump yourself back up, and realize that it is money and you can earn it back, no matter how much money it was, if you got it once then there is a good chance you could have it again, in rare cases it is quite difficult, but most of the time every human in the world faces moments where they can make more money in a quick period of time than they do for years, I remember a month where I made more money than I made in 5 years total, which is why do not be upset and wait for the next time you are going to end up with profiting for this.

[perfect999]

Learn first how to read chart. I remember I bought 3 ETH for 30usd.. I sold it all when ETH reached 20usd.
One of my biggest mistake as a newbie

This is the biggest mistakes of every newbie, they are too greedy and they always forget to analyze before invest simply because they are too dependent and they trust trading signal that much. There’s a lot of things to learn first about trading, it can’t happen within a day so always have your patience and trade with your analysis.

Too much greed or panicking too quickly are both hindrances for a crypto trader. If you have decided to trade in this volatile crypto market, you must be well prepared to see the ups and downs every day. If you have a tendency to panic too quickly then surely crypto isn't meant for you. I cannot believe someone managed to buy 3 ETH for 30 bucks but still ended up losing overall.

The technical and fundamentals of trading can't help you one bit if you are too emotional about trading. I would suggest any new traders work on their emotions and then learn other things. Someone with strong control over emotions might earn more than a technical expert who panics too soon.

[RealMalatesta]

A positive and proper mindset before trading is also an advantage. We should always consider the fact that losing is part of trading and it isn't always about gaining a good profit all the time. Dealing with the market changes would help us cope up with the pump and dump easily. Trading by knowledge and skills is still better than trading based on our emotions.

Trading with data on your hand also helps you keep your emotions in check. If you know that a particular project is really good but because of the lack of attention is undervalued right now, you will never panic about its price because you know in the future the value will do justice to the price. No decent project can remain underpriced forever. Similarly, no garbage token can remain on top for a long time because it has nothing but the hype behind it, something like dogecoin or shiba Inu.

Knowledge will come with time but at least you can gather data available to assess a particular project.

[sherenikaw]

Managing assets that are owned properly is the responsibility of the individual so we are indeed required in order that to be more careful and also understand more about the crypto market. Trading is a profitable thing and can also be learned so use it well to get the desired profit. it's true that there are several things that need to be understood before trading so that our assets are more secure and avoid losses. always cultivate positive thoughts and do not rush to make decisions in trading. we must remember our goal to be more careful and patient to wait for the right time.

[Maslate]

First, must know your capabilities if you are really prepared to take the risk.
2nd, must know your capital, the money from your pocket, not from others.
3rd, you already have a prospect exchange to use in trading and have to familiarize it already,
The last one, set up a plan and then go.

We all need these things as this will help and guide you in what you are doing. Many had failed because they never know what to do next. If you want to succeed in trading, never think that was so easy but rather to think that this is very challenging as this urges you to decide and act wiser.

[Hippocrypto]

They're complaining to something that's nobody to be blame but our personal decisions. In trading we should be smart enough to take precautions specially in times of no assurance.
Before you're going to sell an asset, always consider the top gaining factors so you'll able to decide what's best to fit with your satisfaction.
Risk factors needs to be corrected before taking actions.

[Silberman]

Many people have been investing in cryptocurrency, and some have been complaining that they are losing money, particularly newcomers, so I believe this will really help you as a trader. The following will guide everyone to be a successful trader.

There are four keys to successful trading.

1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.

3. You must give yourself time: Because cryptocurrency requires patience and dedication, you should not rush to make money at the same time This is impossible since if you buy a coin now, it may take weeks or months for it to pump, so don't expect to make money quickly with cryptocurrencies. Give yourself time to investigate and plan. Because trading is a long-term endeavor, you must devote sufficient time to learning.

4. Dedication and commitment: If you truly want to be a good trader, you must be able to devote all of your time to it. Since you are making money from it I believe it really worth giving all your time.

If am being honest I really think the third point is the one were the majority of newbies fail, it is true there are many that do not learn to use any strategy and they do not know about risk management, but I find out there are also a good number of newbies that do take the time to learn those two aspects of trading but where they fail is that they expect to make huge profits immediately and sometimes the market does not cooperate and you need to be patient, but they cannot do that then make a bad trade and then everything goes downhill from there.

[24Kt]

First, must know your capabilities if you are really prepared to take the risk.
2nd, must know your capital, the money from your pocket, not from others.
3rd, you already have a prospect exchange to use in trading and have to familiarize it already,
The last one, set up a plan and then go.

We all need these things as this will help and guide you in what you are doing. Many had failed because they never know what to do next. If you want to succeed in trading, never think that was so easy but rather to think that this is very challenging as this urges you to decide and act wiser.

Also, before you trade big, start small. Learn the ropes, tips and tricks before being confident to shell out large amount of funds. You can only learn those via experience and not from hearsay of others. The actual experience is different from what you are reading, even if there are existing self-help or guides, when you enter the trading, it will still be different. That's when you learn your own tricks on how to attack the market as it deviates from one coin to another.

[Cherylstar86]

They're complaining to something that's nobody to be blame but our personal decisions. In trading we should be smart enough to take precautions specially in times of no assurance.
Before you're going to sell an asset, always consider the top gaining factors so you'll able to decide what's best to fit with your satisfaction.
Risk factors needs to be corrected before taking actions.

Indeed. We must not blame others for our own mistakes. It's our decision why we experienced it. When we trade, we must have knowledge about it, we must know how to read chart for us to know what steps we need to do or for us to make our own strategies to earn money. In trading, we must need to be smart and expect risk. And lastly, we must control our emotions for us to avoid panic during dump and pump of price.

[CryptoDROI]

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.

When it comes to active trading, risk management is a must. It can help you cut down on losses and protect your account from complete and total destruction. A successful trader must be using risk management techniques- which is integral to effective trading. If you don't, you'll end up with massive successes followed by just as huge failures.

Planing your risk management method is an essential step before you begin trading.

While taking risks is always a part of trading, it's essential to stay in control. Having a strategic approach to cutting losses is the key to maintaining profits.

If you don't want to risk losing, you will need to incorporate risk management practices like stop orders or profit-taking.

Thank you for your remarks. I just wanted to poke more about risk management cause I think it can't ever be overemphasized.

[Rajamuda]

Another important thing is that we must have high intentions, such as equipping ourselves with more knowledge about the ins and outs of trading. besides that, we really need to trade according to the abilities and potential that we can take, such as doing step by step from the bottom to getting higher in level, here crypto is clearly promising in trading, the right coin can be a profit driver.
And don't forget that we must remain optimistic but still realistic, success does not come instantly once we decide to trade, there are other important things that we need to keep learn and to minimize risk while trading.

[iv4n]

Things to know before trading is trading require money, and when the money is involved you can make more, but you can also lose it. People who get into trading without thinking about all aspects will soon find themselves in problematic situations, and problematic situations in trading often mean some loss.
Trading can be a nice source of income if you how to do it, and to come to that you need to learn and practice trading, the only way to develop your skills.

[gabbie2010]

These are indeed  valuable points to know as a new trader, personally I had a trading strategy which I tweaked to my trading style coupled with candlestick patterns and Price Action.
I also deployed the use of stop loss in my trading using support and resistance zones where I place my SL above or below those zones while considering risk to reward ratio of each trades.
I had given a lot of time and dedication towards finding a suitable timeframe that suit my style of trading, finally settled with daily timeframe to pick signal while using 1 hour timeframe to enter trade.

[SquallLeonhart]

That's why most experienced traders are some of the calmest people. A trader who panics quickly and gets excited with small losses/profits will never really go a long way. Such people are usually teenagers who have the energy to do everything but lack patience. Actually now that I think of it, this is also the reason who so many young guys get addicted to gambling. They want to get rich quickly.

Knowledge about trading and strategies can be learned but the attitude required to trade and the calm mindset is not something you will learn from anyone.

Getting rich quickly is something that older people do believe in as well, just not the same method. If you look at all those people that got tricked or scammed in one of those ponzi schemes or pyramid schemes you will realize that they are usually older people, because they believe in the project itself and that is the main problem. I have to say that we should not be really getting involved with anything like that no matter what our age is, and what we believe in.

I get that it is not something simple yet I do believe that it is also quite difficult to fall for something that tells you ways to get rich quickly. The only way to get rich is by hard work, if you have a lot of money to begin with, that makes it easy, if your parents are rich, that makes it even easier, almost every single rich person you see on forbes richest list are people who already had money, just had even more. However hard work is definitely the only method, young or old.

[Yamifoud]

These are indeed  valuable points to know as a new trader, personally I had a trading strategy which I tweaked to my trading style coupled with candlestick patterns and Price Action.
I also deployed the use of stop loss in my trading using support and resistance zones where I place my SL above or below those zones while considering risk to reward ratio of each trades.
I had given a lot of time and dedication towards finding a suitable timeframe that suit my style of trading, finally settled with daily timeframe to pick signal while using 1 hour timeframe to enter trade.

In general, it was not just to know the things needed to start trading but it was also important to keep motivated and aggressive to learn more on trading rather than being contented enough as what we know at the start. Some strategies diversion might often happen if we can no longer see the effectiveness of this.
Personally, I do the check all the time frame for further analysis but honestly, it can't be all good enough. But at least, we have a higher chance for a profit opportunity than to do nothing.

[Hendra gunawan]

Learn technical and fundamental analysis. Trade on coins that have good fundamentals. Then technical analysis to find out the right time to buy or sell coins. In addition, prepare patience when the coin price decreases, don't panic.

[Rb48]

These are just some of the goal setting shareware that you can use. Before you start trading, you need to research the coins you are going to trade.You need to see the trading volume in the market. You have to look closely at how many dollars have been bought and sold in 24 hours.Need to know about the signal. You have to do a lot of time analysis with coins.

[Wicked17]

Many people have been investing in cryptocurrency, and some have been complaining that they are losing money, particularly newcomers, so I believe this will really help you as a trader. The following will guide everyone to be a successful trader.

There are four keys to successful trading.

1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.

3. You must give yourself time: Because cryptocurrency requires patience and dedication, you should not rush to make money at the same time This is impossible since if you buy a coin now, it may take weeks or months for it to pump, so don't expect to make money quickly with cryptocurrencies. Give yourself time to investigate and plan. Because trading is a long-term endeavor, you must devote sufficient time to learning.

4. Dedication and commitment: If you truly want to be a good trader, you must be able to devote all of your time to it. Since you are making money from it I believe it really worth giving all your time.

I think ill go with # 1 and #4 We really have to find a good strategy for our self because we don't have the same mind and goals. Even though our goal is to make profit still we have to consider if that strategy would fit to us. Commitment is always a part of success. Putting a lot of effort to study and of course dedication will make you succeed in trading.

[Fredomago]

-Snip-

I think ill go with # 1 and #4 We really have to find a good strategy for our self because we don't have the same mind and goals. Even though our goal is to make profit still we have to consider if that strategy would fit to us. Commitment is always a part of success. Putting a lot of effort to study and of course dedication will make you succeed in trading.

Commitment in anyhow always gives you the benefits. If you focus and you really aim to succeed, using your commitment to do your research will allow you to understand better.

We all have the same view, but we have our own ways of understanding our advantages. Creating your own strategy comes after you learn how all the fundamentals will guide you and help you in succeeding from this venue of investment.

Keep analyzing before concluding it helps to lessen the chance of losing your money.

[Yatsan]

First things first before engaging into trading or whatever it is you are up to, be mindful to study the basics and the fundamentals for it will serve as the foundation you need and it will help you to survive on the long run. Before doing trading, it is best that you are already have prior knowledge about it and not that you are just learning it on the actual process of doing the trade because it is risky doing trials since money is involved. Learn to assess the situation so that you better know to handle your funds and do not let your emotions run into your decision making because it will make things worse.

[Oilacris]

First things first before engaging into trading or whatever it is you are up to, be mindful to study the basics and the fundamentals for it will serve as the foundation you need and it will help you to survive on the long run. Before doing trading, it is best that you are already have prior knowledge about it and not that you are just learning it on the actual process of doing the trade because it is risky doing trials since money is involved. Learn to assess the situation so that you better know to handle your funds and do not let your emotions run into your decision making because it will make things worse.

Study with the basics and this is a must thing to be done because diving into something without any proper knowledge or awareness because this would surely make you have lots of losses instead.

You wouldnt know until you do experience it and also the rest of things needed for you to be a better trader is something that you do gain or get on real experience in trading and the rest
will really be depending on how you do absorb on what you do learn on the way.

To make yourself more better then you should open up yourself into such sudden changes and make learnings from your mistakes.

[Botnake]

First things first before engaging into trading or whatever it is you are up to, be mindful to study the basics and the fundamentals for it will serve as the foundation you need and it will help you to survive on the long run. Before doing trading, it is best that you are already have prior knowledge about it and not that you are just learning it on the actual process of doing the trade because it is risky doing trials since money is involved. Learn to assess the situation so that you better know to handle your funds and do not let your emotions run into your decision making because it will make things worse.

Study with the basics and this is a must thing to be done because diving into something without any proper knowledge or awareness because this would surely make you have lots of losses instead.

You wouldnt know until you do experience it and also the rest of things needed for you to be a better trader is something that you do gain or get on real experience in trading and the rest
will really be depending on how you do absorb on what you do learn on the way.

To make yourself more better then you should open up yourself into such sudden changes and make learnings from your mistakes.

Having a strong trading foundation gives us a higher chance to succeed here. a lot of people have tried but sadly, only a few just left while the others are quitting. Well, that learning couldn't just stop but instead, it was a continuous process. The more experience we have, the more we gain knowledge. People who are afraid to take risks will certainly not learn anything but only just a doubt.

That is why, if we wanted to become successful in trading, we need to work it hard, learn the basics first and then improve it until we are totally knowledgeable enough to take risks more.

[awik p]

Many people have been investing in cryptocurrency, and some have been complaining that they are losing money, particularly newcomers, so I believe this will really help you as a trader. The following will guide everyone to be a successful trader.

There are four keys to successful trading.

1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.

3. You must give yourself time: Because cryptocurrency requires patience and dedication, you should not rush to make money at the same time This is impossible since if you buy a coin now, it may take weeks or months for it to pump, so don't expect to make money quickly with cryptocurrencies. Give yourself time to investigate and plan. Because trading is a long-term endeavor, you must devote sufficient time to learning.

4. Dedication and commitment: If you truly want to be a good trader, you must be able to devote all of your time to it. Since you are making money from it I believe it really worth giving all your time.

I think ill go with # 1 and #4 We really have to find a good strategy for our self because we don't have the same mind and goals. Even though our goal is to make profit still we have to consider if that strategy would fit to us. Commitment is always a part of success. Putting a lot of effort to study and of course dedication will make you succeed in trading.

There is no best strategy in the world of trading, the best is one that each trader can understand. so we have to look for a strategy that fits our personal trading style. after that I think psychology will play an important role to make our trading more leverage in getting profit

[LUCKMCFLY]

I think that one of the fundamental things before operating is:

1.-Define if you are going to be an Investor or a Market Speculator.
2.-Reflect on your degree of knowledge and understanding about the market, why the movements, whales, shorts, longs.
3.-Define and know very well each Exchange tool if what you are going to do is speculate in the market, if your strength is in short-term trading, or medium or long term.
4.- Have good technical knowledge to use the indicators correctly.

I believe that having these qualities can begin, since what will be risked is money, and I believe that nobody likes to lose their money.

[bamb]

In addition to what has been suggested, I will add not to trade against a trend!  Watch out for trending sub-section of Cryptocurrency and position yourself, the market is usually favourable to Cryptocurrency trend and provide support towards it.  Things change quickly in Cryptocurrency so, we should change according to trend and not waste precious time on trade that is not going anywhere!

[Pasa32]

I want to highlight one of them which is the time, that trading needs more time, as it is like business, when you are employ at somewhere and giving time to your duty you will earn more, same in the case of trading, that when you gives more time to trading you will earn more, So, it would be  better to learn all these things before start trading.

[blockman]

I want to highlight one of them which is the time, that trading needs more time, as it is like business, when you are employ at somewhere and giving time to your duty you will earn more, same in the case of trading, that when you gives more time to trading you will earn more, So, it would be  better to learn all these things before start trading.

I agree about having more time in trading. It's not just you'll buy and sell when you're in profit, although there's similarity on it your goal as a trader is different from the usual investor that just sits and waits until their investments go into profit.
And while you're giving time as you trade, you're also learning at the same time while looking with those charts and giving your own analysis to it so, at the same time, there's a dual purpose of what you do.

[Shenzou]

I think that the problem with new traders is that try so hard to deviate from the simple ways and try to trade some low dead currencies where they should be putting their money and their time into well known and profitable ones, and this comes from the lack of information and lack of judgment and this because they are impatient and just want to get into the action where they should be taking more time into researching the right things.

[Oilacris]

I think that the problem with new traders is that try so hard to deviate from the simple ways and try to trade some low dead currencies where they should be putting their money and their time into well known and profitable ones, and this comes from the lack of information and lack of judgment and this because they are impatient and just want to get into the action where they should be taking more time into researching the right things.

They are trying to buy up things which is cheaper or simply they are trying to accumulate cheap coins basing up on their own budget which they do presume that once this coin had pumped then this would
really be giving out some riches on their part but the sad reality or truth is that they do basically been holding tons of shitcoins into their wallets.

Lots of things need to be considered first before you would make yourself sustainable on this market and some would really be gained through experience which would really takes
time and effort on your side.

Dont rush up and dont always think about profits. Mind off on how you gonna handle yourself well despite of harsh market conditions.

[Silberman]

First, must know your capabilities if you are really prepared to take the risk.
2nd, must know your capital, the money from your pocket, not from others.
3rd, you already have a prospect exchange to use in trading and have to familiarize it already,
The last one, set up a plan and then go.

We all need these things as this will help and guide you in what you are doing. Many had failed because they never know what to do next. If you want to succeed in trading, never think that was so easy but rather to think that this is very challenging as this urges you to decide and act wiser.

Also, before you trade big, start small. Learn the ropes, tips and tricks before being confident to shell out large amount of funds. You can only learn those via experience and not from hearsay of others. The actual experience is different from what you are reading, even if there are existing self-help or guides, when you enter the trading, it will still be different. That's when you learn your own tricks on how to attack the market as it deviates from one coin to another.

This is yet another problem with newbies, they think they can start their careers here and obtain profits immediately when most of the time this is not the case, it takes months and sometimes more than a year before a person is able to adjust itself to the huge volatility of the market, so when they are faced with those conditions they do not have the experience to deal with them and then they lose money they would not have lost if the had decided to start slow and with a small amount of money until they learned the ropes.

[BruceLee98]

Consider Why You Are Investing in Cryptocurrency.
Get a Feel for the Industry.
Join an Online Community of Cryptocurrency Enthusiasts.
Read Cryptocurrency White Papers.
Timing Is Key.

[New.in.trading]

very good points mentioned here. These go for everything in trading, far beyond btcusd or other cryptos. These go for forex and stocks and bonds and futures and everything. Basically for everything in life.

[dimonstration]

I think that the problem with new traders is that try so hard to deviate from the simple ways and try to trade some low dead currencies where they should be putting their money and their time into well known and profitable ones, and this comes from the lack of information and lack of judgment and this because they are impatient and just want to get into the action where they should be taking more time into researching the right things.

It's taking advantage of the coins that are popular now, at first it is hard to just go on and left some coins we invested with for long but we mist accept the fact that their era is long gone and tgere new set of coins that can help us recover losses from those overdue if we will able to buy them before the hit start or ends. Those who discover new coins that have potential and is booming now like those in NFT is a good deal to start recovering from ICO old coins that don't  have values anymore. Being able to adjust in trading helps alot.

[isaac_clarke22]

~

#1 might be something to be overlooked at, but take it from my experience that short-term trading didn't work for me. Back when I was day trading, I was kind of stressing out myself 8 hours staring at the charts and turns out I made bad decisions on what coin to buy.
I reverted back to long term and it worked for me. I just work in my full time job before starting to look a little bit in the charts.

~

Dedication to one stuff that you aren't good at won't make any difference at all. Even if I dedicate myself to day trade, but it doesn't really work for me, I won't earn more.

[sarmrakib]

Learn technical and fundamental analysis. Trade on coins that have good fundamentals. Then technical analysis to find out the right time to buy or sell coins. In addition, prepare patience when the coin price decreases, don't panic.

Its really a good effective suggestion you have given .We need to research the project regarding the coin and also analysis the technical things which always help us to get a good return .However we need to analysis the chart as well which helps more than trade on blindly .So i think that's the main thing what i mentioned is very need to know before trading on crypto.

[el kaka22]

It is not easy to become a trader, that is the number one thing that everyone should realize, we are talking about a very tough business and you would really need to end up being online almost every day at all times and get ready for it at all times as well, like even when you are sleeping, you should leave the situation in a way that you will not lose much until you wake up, and then when you wake up every day is a big stress because you are a trader and there are things you can't do, like price going down is not something you can prevent, but you can prevent losing too much money with those kinds of things.

So, I would say that knowing that traders job is a hard one and not an easy one and you may end up earning money but also end up losing a lot time to time, all that stress and anxiety is number one thing. If you are ready for that, then you can start, but believe me you may quit half way because of all the stress.

[Kelvinid]

It is not easy to become a trader, that is the number one thing that everyone should realize, we are talking about a very tough business and you would really need to end up being online almost every day at all times and get ready for it at all times as well, like even when you are sleeping, you should leave the situation in a way that you will not lose much until you wake up, and then when you wake up every day is a big stress because you are a trader and there are things you can't do, like price going down is not something you can prevent, but you can prevent losing too much money with those kinds of things.

So, I would say that knowing that traders job is a hard one and not an easy one and you may end up earning money but also end up losing a lot time to time, all that stress and anxiety is number one thing. If you are ready for that, then you can start, but believe me you may quit half way because of all the stress.

That was actually our personal choice, many did their best to become a good trader while some just did a short stay and leave trading after they realize that it was not an easy life to become a trader, facing on the computer everyday, spending most of the time on it just for the sake of money. That it feels no happiness but more on stress.

Knowing ourselves is the very first thing to do, we can't tell that we also succeed because someone did it, but possibly it will not happen to us. But mostly, we did some trials just to evaluate ourselves and this was commonly happening to newbies.

[kapalmabur]

Learn technical and fundamental analysis. Trade on coins that have good fundamentals. Then technical analysis to find out the right time to buy or sell coins. In addition, prepare patience when the coin price decreases, don't panic.

Its really a good effective suggestion you have given .We need to research the project regarding the coin and also analysis the technical things which always help us to get a good return .However we need to analysis the chart as well which helps more than trade on blindly .So i think that's the main thing what i mentioned is very need to know before trading on crypto.

By doing analysis and research before trading it really helps,
indeed before trading in cryptocurrency we must know many things because maybe it will support us,
What is clear is that doing analysis and research first is important but after all it comes back to each person's decision

[koang]

Knowing ourselves is the very first thing to do, we can't tell that we also succeed because someone did it, but possibly it will not happen to us. But mostly, we did some trials just to evaluate ourselves and this was commonly happening to newbies.

True, Don’t compare your grades with the grades of someone else. If you feel you did the best you could,
your results are a mirror to help you in learning who you are and what you’re good at.
We only know what we're exposed to. Failure only exists if you understand the game.

[arbifahrozy]

I think every trader should have his own strategy, whether if he made a mistake then it doesn't matter he should learn from it and next time he have to be careful about with having new trading startegy. As people can say that trading is easy but it is nor that easy it needs time and the person full concentration. So, risk management is also important in trading.

[Mahanton]

I think every trader should have his own strategy, whether if he made a mistake then it doesn't matter he should learn from it and next time he have to be careful about with having new trading startegy. As people can say that trading is easy but it is nor that easy it needs time and the person full concentration. So, risk management is also important in trading.

We could really create our own strategy as we do engage with trading or simply when we do get sufficient experience.We can stood on our own and we should not really
forget on knowing the basics and of course other things needed which would be discovered when you do make trades. There are lots of things to be considered
and always mind off about those mistakes where you should learn from it so that  you would make yourself more better as you do gain experience.

[famososMuertos]

..//..:

~

Dedication to one stuff that you aren't good at won't make any difference at all. Even if I dedicate myself to day trade, but it doesn't really work for me, I won't earn more.

Hi,
Earning money and paying bills with this income that is what drives a person to perform a non-traditional work activity, at the point that everything depends on you, unlike a job that you can be lousy at what you do but still get paid.

And that's what I mean by "dedication" I don't know where I say in my post that you should be dedicated to trading if you don't pay your bills, your responsibilities.

From theory to practice in unconventional jobs there is a lot of effort, a lot of sacrifice, perseverance but if the skill does not come definitely let it go, of course.

_________________
Edit:

I think that one of the fundamental things before operating is:

1.-Define if you are going to be an Investor or a Market Speculator.
2.-Reflect on your degree of knowledge and understanding about the market, why the movements, whales, shorts, longs.
3.-Define and know very well each Exchange tool if what you are going to do is speculate in the market, if your strength is in short-term trading, or medium or long term.
4.- Have good technical knowledge to use the indicators correctly.

I believe that having these qualities can begin, since what will be risked is money, and I believe that nobody likes to lose their money.

+1

[bct-user]

As people can say that trading is easy but it is nor that easy it needs time and the person full concentration. So, risk management is also important in trading.

It is true that risk management is a necessary thing in trading. A trader must have good risk management to avoid big losses in trading. One of the ways to prevent it is to set cut loss. For a day trader, it is very helpful to ensure he doesn't lose his capital easily. When the price of a crypto coin drops to a certain rate, commonly it can execute "cut loss" automatically. There is a cut loss feature on the exchange.

[livingfree]

I think every trader should have his own strategy, whether if he made a mistake then it doesn't matter he should learn from it and next time he have to be careful about with having new trading startegy. As people can say that trading is easy but it is nor that easy it needs time and the person full concentration. So, risk management is also important in trading.

Newbies will literally make a mistake with their first trades. But as they commit a mistake that's how they're going to formulate their strategy and what's a better approach that they can do from the market.

Those people who are saying that trading is easy might be the, trading experts and not trading at all.

[koang]

Newbies will literally make a mistake with their first trades. But as they commit a mistake that's how they're going to formulate their strategy and what's a better approach that they can do from the market.

Those people who are saying that trading is easy might be the, trading experts and not trading at all.

Yep, Everybody sometimes makes mistakes but learning from them is the most important thing
And for noobs, there are some awesome people that have been in the crypto world
that are knowledgeable to follow but  at the end of the day, you have to DYOR

[carlfebz2]

Newbies will literally make a mistake with their first trades. But as they commit a mistake that's how they're going to formulate their strategy and what's a better approach that they can do from the market.

Those people who are saying that trading is easy might be the, trading experts and not trading at all.

Yep, Everybody sometimes makes mistakes but learning from them is the most important thing
And for noobs, there are some awesome people that have been in the crypto world
that are knowledgeable to follow but  at the end of the day, you have to DYOR

Learn from your mistakes and make research on your own since everything could really be attained nor be able to searched up through online.You dont need any gurus or mentors for you to learn of which is really a common mistake for some noobs who do consider on following someone.

Get learnings from real experience and this is where you should consider on starting with small amounts and make learning from it and make yourself sustainable in the end of the day.

Dont rush up on everything because this would be a reason for you to commit mistakes because you are on haste to make profits and wont mind off much that well.

[Hobo66]

It is the most important thing that you must be aware of loose in trading. Impatience person cannot get benefits from trading. Before trading, you must have some planning for trading. You should know about trading strategies. You should have patience in trading. Then you can easily achieve your goals.

[lixer]

1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.

I guess these two are more than enough to be successful in crypto trading as once you are good with analysis and all management skills then you will not rush and you will start showing more dedication and commitments. I mean when you are fully dedicative but if you are not good in analysis and management then you may not able to make consistent profits in crypto trading.

These are the things that every trader must need to get practiced to, rather than just simply getting aware of. Hope you are aware of the differences between these two.

[suryogandul]

everyone has different thoughts about trading. I think the above point can be implemented but with many different methods. maybe education for beginners should be carried out before carrying out the points you mentioned above. The most basic and initial steps for beginners must be understood first

[ScamViruS]

everyone has different thoughts about trading. I think the above point can be implemented but with many different methods. maybe education for beginners should be carried out before carrying out the points you mentioned above. The most basic and initial steps for beginners must be understood first

All points are important for any trader. To be a successful trader, it is very important to change yourself and acquire all the knowledge of trading. Because it is very easy to be a trader that anyone can claim to be a trader, but the big thing is whether that trader can make a profit from the market.

To stay in the market, you must follow the rules of trading, because the market will not give you a chance again and again. You need to prepare yourself as a professional trader to make the right decision at the right time.

[Rengga Jati]

Trading is not an easy thing. And I do agree that before doing it, we must prepare many things in order to be exactly ready for trading.
Actually, the first point of finding a strategy that matches us is yes that is basic.

1. Find a strategy that works for you:nt to be a good trader, you must be able to devote all of your time to it. Since you are making money from it I believe it really worth giving all your time.

We can know the right strategy actually from learning by doing. We can do what others doing or combine the strategy or modify certain strategies on it.
And we must also decide what kind of trader we are. Are we a day-trader? Scalper? Short trader? Or others?
Because these will also influence how we will determine the next points.

2. Risk management

About the risks management, I will add also the management of funds or emotions. We must be able to decide how much we will trade for certain coins, how much we will get to the target, and how much we can use for others.
We must also be able to manage our emotions in order to be wise, smart, and not panic. And these management systems will influence the risks.

3. You must give yourself time

I am wondering about giving my time or not trading. Because I am sure that I will need certain spare time in order to take a break from trading, getting entertainment, fresh air, exercises, and others. This will really help.

4. Dedication and commitment

Commitment, yes, exactly.
Dedicating all times for trading? Well, it will depend on what kind of trader we are. If we are a day-trade, yes of course.

[DoublerHunter]

4. Dedication and commitment: If you truly want to be a good trader, you must be able to devote all of your time to it. Since you are making money from it I believe it really worth giving all your time.

Dedication is a must when you want to be a successful trader, it is hard to be an expert in trading if you are doing other things because it requires full time observation that is why mostly of the professional traders are full time, they just left their job just to focus on trading, well this is really a risky decision but if you know to yourself that you will succeed then go for it. It will really make you more profit than other things, just make sure that you are confident enough that you know the risk when choosing it.

^ Definitely right, it should have dedication and courage when you are trading and of course, the last part is the focus of your goal target.
There are too many factors to consider before you will start trading, this is not an easy task and it should be wise to pick and have a decision while the market is unpredictable and volatile. If you often doing trading and keep the practice on this, there is a high chance that you will improve including your skills and analysis in trading.

[Desmong]

I want to highlight one of them which is the time, that trading needs more time, as it is like business, when you are employ at somewhere and giving time to your duty you will earn more, same in the case of trading, that when you gives more time to trading you will earn more, So, it would be  better to learn all these things before start trading.

Although time is very important to get the full skill and start trading as a newbie trader before gaining some  sense of knowledge to determine the market by oneself without waiting for speculators to analyse the market. There are many things to know before trading the crypto market. Strategy works fine be personal working is very important like working on yourself.

[nurilham]

what is described is correct that there are several things that must be done before deciding to trade. Trading is not something that can be done arbitrarily because it requires proper analysis to decide when to sell or buy coins. what is certain is not to be careless and also greedy to be able to get big and fast profits so be careful. that's why before deciding to trade people must be equipped with good knowledge and also mental readiness so as not to be surprised by the crypto market and be able to follow it well.

[Fredomago]

everyone has different thoughts about trading. I think the above point can be implemented but with many different methods. maybe education for beginners should be carried out before carrying out the points you mentioned above. The most basic and initial steps for beginners must be understood first

Understanding the whole concept by acknowledging the basic principles of trading, with proper education you'll learn how things works inside this business, it's true that better to deal first with all the tools that you needed before you start is more safer than jumping in and try your some luck.

There are many available training materials that will help you to understand, guides that very useful if you really aimed to succeed from this industry.

It takes time and focus; you are the one who holds your fate. Taking things the right way will give you edge from those who are only trying some luck in this market.

[Peanutswar]

If you are a beginner with trading you don't need to hurry up all the things because it takes time it's better to make an investment to your knowledge first as a stepping stone before getting into the world of trading. Knowledge is the most essential thing if you think you are ready go ahead and try but if you think there's something missing to your knowledge, know it so you can prepare yourself for the possible outcome. Still, we have different concepts because in making a trade some of us learn through experience and some of us learn from the things we read. You need to be focus, have plan, and aware for every trade. In trade accept if you got a profit or loss not becoming more greedy can cause too many losses. Well, it's trading a high-risk reward.

[SquallLeonhart]

I mean when you are fully dedicative but if you are not good in analysis and management then you may not able to make consistent profits in crypto trading.

Yeah, your analytical and management skills are the core part as the deciding factors for your consistent success in all types of trading. But, being dedicated and fully committed toward the preparation of successful trading is self driven which means it cannot be learned from books or videos but should be developed by our own interests. I agree that we will become more dedicated and committed when our trading support us for a living.

Knowledge is the most essential thing if you think you are ready go ahead and try but if you think there's something missing to your knowledge, know it so you can prepare yourself for the possible outcome.

Knowledge and experiences are directly proportional to your success in trading. But the thing is, your knowledge needs to be updated regularly so that you could tackle all types of market fluctuations and this is where most traders do fail as they never find time to keep updating their knowledge on trading analytical part.

[cryp24x]

Well the important things that we should know as a traders here such as follows:

1. Know what type of trader are you? is it day trader or long term holder?
2. Must have a dedication and passion with it.
3. Willing to take risk.
4. know the risk management.
5. Do your own research before you buy a coin where you gonna trade in.
6. Must know your target and goal.

These are the significant factors needed when we are planning to trade for here
in cryptocurrency.

[BruceLee98]

First of all the trend is your friend. Never go against the trend. Crypto trading requires maximum discipline. Without proper discipline in the market you may end up getting frustrated. Always carry out your ow analysis. Set a daily or weekly target this will help control your greed.

[raji1995naya]

We should be clever enough in trading to take safeguards, especially when there is no guarantee. Always examine the top gaining aspects before selling an item so you can determine what's ideal for your pleasure. Before taking action, risk considerations must be addressed.

[doremonchina]

if anyone start trading first decide and make proper plan in there mind and learn some trading tips and watch tutrial and select any one broker and briefly study about stock exchanges and keep eye on market and research on it and as wel control there emotions and feeling because trading with emotions is not well if they learn well about these major things then open your trading account on any major and secure platform one you see some exchange then compare to another exchanges if you satisfied then start your trading carefully

[Cadaver20]

1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

The most important and difficult thing is to find a good strategy.  Most beginners face this problem first. And to find this strategy you need to have some knowledge about trading. It is better not to trade in emotions.

[pelumi20]

All you have mentioned are necessary for a trader to have before he or she can trade profitably but you forgot to mention psychology. Psychology is very very important in Trading as the saying goes that trading is 20% strategy and 80% psychology. All successful Traders develop their psychology they try to detach themselves from the positive results and the negative results. Thereby they are able to trade without emotions and make good decisions.

[JooBra]

All you have mentioned are necessary for a trader to have before he or she can trade profitably but you forgot to mention psychology. Psychology is very very important in Trading as the saying goes that trading is 20% strategy and 80% psychology. All successful Traders develop their psychology they try to detach themselves from the positive results and the negative results. Thereby they are able to trade without emotions and make good decisions.

That is kinda hard to do. Imagine if you are trader for living. I guess that puts more pressure on trades and how good or bad trades affect you. It isn't easy job for sure.

[pelumi20]

For me the number one thing you should know before going into trading is that you are not going to get rich overnight as trading is a skill that requires time to master. So as a trader you have to be willing to submit to time and process you have to be dedicated and committed to mastering the skill before it can liberate you.

The number two thing you should know is that you are going to lose money, so don't beat yourself up when that happens.

[Rehan Zakir]

You have discuss the most important things for trading. Because it is not a simple task to do trading. Learning is very important for trading. SO, first we have to learn the most important points about trading. If you are a newbie in trading then learn how to trade. and after that learn about the technical and fundamental analysis. These are the most important points for trading. This will help you for trading. So, first learn and then start earning.

[imstillthebest]

among the four list the fourth one is the most important of them all because without it you wont be able to continue doing the three acts  .
when you start your journey to become the greatest trader of the world you will find yourself loosing or earning but not good enough but this shouldnt stop you ,
you shouldnt only be motivated if your earning and your earning nicely because this dont come first in the process .

[coiner-88]

The time factor is vital and amateur merchants ought to comprehend that exchanging isn't pretty much as simple as they suspected and that on the off chance that they actually take a look at appropriately the foundation. There is no stop time to looking into exchanging on the grounds that the market will consistently go all over, and on the off chance that you don't find out additional, you won't get an opportunity to make a benefit.

[Mamun74]

I think trading is not easy way to get profit. When you start trading then you need to know good experience about trading and you need to trading signal. Patience is necessary to trading. Research good coin or token and buy for trading. Trading skill must be needed for trading.

[rahmatullah9305]

Yes, these four points are important lessons for traders. The success of a trader is very dependent on patience and the ability to take the time to continuously monitor market conditions. The most important factors are in points one and two in my opinion. A trader's knowledge must be complete with techniques and strategies that are suitable for use in trading, meaning that market conditions change from time to time and must continue to be studied so that the strategies we use do not fail. Furthermore, risk management is the main key, we can even easily lose all assets if we don't care about the risks in trading.

[dunfida]

Many people have been investing in cryptocurrency, and some have been complaining that they are losing money, particularly newcomers, so I believe this will really help you as a trader. The following will guide everyone to be a successful trader.

There are four keys to successful trading.

1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.

3. You must give yourself time: Because cryptocurrency requires patience and dedication, you should not rush to make money at the same time This is impossible since if you buy a coin now, it may take weeks or months for it to pump, so don't expect to make money quickly with cryptocurrencies. Give yourself time to investigate and plan. Because trading is a long-term endeavor, you must devote sufficient time to learning.

4. Dedication and commitment: If you truly want to be a good trader, you must be able to devote all of your time to it. Since you are making money from it I believe it really worth giving all your time.

5. Dont be emotional and dont tend to listen up others calls and suggestions because we are just all predictors on here.

6. Proper capital handling (Well its part of risk management)

7. Dont make use of loaned money for you to trade off.

[matchi2011]

You have discuss the most important things for trading. Because it is not a simple task to do trading. Learning is very important for trading. SO, first we have to learn the most important points about trading. If you are a newbie in trading then learn how to trade. and after that learn about the technical and fundamental analysis. These are the most important points for trading. This will help you for trading. So, first learn and then start earning.

Keep learning and enhancing your opportunities. Trading is not easy and, like how it was described, you need to earn more knowledge
If you want to extend your opportunities from this business,. There are many newcomers who lose their money while dealing in this market.

Having the right mindset will help you survive, as long as you are willing to adjust and you are willing to explore all the opportunities
from this market, it's still good enough to continue your trades.

[jambul_kribo]

You have discuss the most important things for trading. Because it is not a simple task to do trading. Learning is very important for trading. SO, first we have to learn the most important points about trading. If you are a newbie in trading then learn how to trade. and after that learn about the technical and fundamental analysis. These are the most important points for trading. This will help you for trading. So, first learn and then start earning.

i think alot thing we need to talk especially trading skills and money management knowledge, trading was not easy stuff that could do anytime without any preparation at all. even experienced traders still improve their skill to get more competitive in market. trading skill , money management and pcychology was common thing we should prepare before start our trading journey.

[mksundip]

about risk management it seems this could be the main choice. because in a trade there must be a risk of loss or risk of failure. so in my opinion this should be controlled, planned and adjusted based on the existing management. This is very useful for anyone so that when trading does not experience losses

[Aurorra]

Before trading you need to have a wealth of knowledge reserves, and having a sufficient trading foundation will help you succeed. And you must have a positive attitude to trade.

Trading needs to withstand the test of time and have enough patience, always pay attention to the price trend and buying and selling of the encrypted market to formulate trading strategies.

[juliepower]

Things to know before trading in my opinion firstly you have a good knowledge about Bitcoin how it works without knowledge nothing can be done. You have to be patience to earn profit. Make plans and strategies before pitting on investing. Keep update. Whenever you puting your amount put a small amount that you can aford to lose before putting search deeply about market where you are going to putting.

[Trouvaille]

1.Before trading you must truly study and understand cryptocurrency knowledge and find a trading strategy that suits you.

2.It takes a lot of time to research and analyze market trends, and do a good job of risk management to reduce losses.

3.Learn to control your emotions. Always keep a calm mind when trading and try to avoid being affected by market sentiment.

[Yamifoud]

Things to know before trading in my opinion firstly you have a good knowledge about Bitcoin how it works without knowledge nothing can be done. You have to be patience to earn profit. Make plans and strategies before pitting on investing. Keep update. Whenever you puting your amount put a small amount that you can aford to lose before putting search deeply about market where you are going to putting.

Patience will always be the key either in trading or investing. Nobody was able to reach their goal and succeed without this thing. Trading wasn't be all the time in success but more often we'd suffer losses due to uncontrollable market and so our emotion.
That is why we need to take a look at ourselves and see's if we can really manage to trade or we need to stop dreaming of becoming a trader. We don't need to urge ourselves for the fact that at the end of the day, we only have to suffer losses.

[PhucS]

Many people have been investing in cryptocurrency, and some have been complaining that they are losing money, particularly newcomers, so I believe this will really help you as a trader. The following will guide everyone to be a successful trader.

There are four keys to successful trading.

1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.

3. You must give yourself time: Because cryptocurrency requires patience and dedication, you should not rush to make money at the same time This is impossible since if you buy a coin now, it may take weeks or months for it to pump, so don't expect to make money quickly with cryptocurrencies. Give yourself time to investigate and plan. Because trading is a long-term endeavor, you must devote sufficient time to learning.

4. Dedication and commitment: If you truly want to be a good trader, you must be able to devote all of your time to it. Since you are making money from it I believe it really worth giving all your time.

Thank you for the advice. Taking the time to learn and plan in this market is essential to avoid losing too much, especially for newbies. A lot of newbies, they just want to make money quickly but don't want to learn the knowledge and strategies, so losses are easy to happen.

[rhodelmabanal]

Some expert says that trading or investing requires a clear understanding of the coin or stock and its underlying value. That can easily be done by using technical indicators. It is important to know more about the coin that we need to invest before purchasing and I agree or believe on it because I experience loss last 2017 because of the coin that is being abandoned by the developers, so I think we now need to examine first and analize about the possible future of the coin to avoid losing.

[arbifahrozy]

I want to elaborate and make a change in your first statement that if someone is trading continuously for the past two years and he is losing all his money even following the same trading strategy from the past two years, then he should change his trading strategy because it didn't make any sense of getting profit for the trader.

[maydna]

Taking the time to learn and plan in this market is essential to avoid losing too much, especially for newbies. A lot of newbies, they just want to make money quickly but don't want to learn the knowledge and strategies, so losses are easy to happen.

After you learn and plan how you will trade, you need to practice the lesson because, with practice, you will have an experience that can help you improve your trading skill. Perhaps, it needs a long time before you can know how to make the right analysis so you can determine the time to trade. However, you can't always hope that your analysis will be right from one trading to another trading because the market will always change. You just need to prepare for that.

[Lordhermes]

Some expert says that trading or investing requires a clear understanding of the coin or stock and its underlying value. That can easily be done by using technical indicators. It is important to know more about the coin that we need to invest before purchasing and I agree or believe on it because I experience loss last 2017 because of the coin that is being abandoned by the developers, so I think we now need to examine first and analize about the possible future of the coin to avoid losing.

Exactly! that's the first thing to do if you are trading,you must first of all do some research about the coin you are investing in.The potentiality of the coin is the most important thing that matters.Knowing the value of the coin in years to come,or a year to come should be very important to u as a person going into trading.
There are some coins that are available to invest in,but they won't bring good profit in years to come,so do research and go for the ones that are promising.

[A BLackPearl]

Things you need to know before the transaction is much more than this. Transactions can make our patience more. Most of the failed to find experience. You can spend a lot of time in encryption, if your sub-industry is encrypted, you can use the weekend analysis market. Don't use a small amount of time to analyze the market for trading.

[sovie]

Exactly! that's the first thing to do if you are trading,you must first of all do some research about the coin you are investing in.The potentiality of the coin is the most important thing that matters.Knowing the value of the coin in years to come,or a year to come should be very important to u as a person going into trading.
There are some coins that are available to invest in,but they won't bring good profit in years to come,so do research and go for the ones that are promising.

I just have a different point of view on that. This research method may hold true in stock market where every stock is backed by some physical company whose profit or loss determines the price of the stock. Here is crypto, the price of all coins is mostly dependent on bitcon. When bitcoin goes up even the shitcoins joins in and makes it to ATH. You can DYOR to separate good coins from shitcoins but price will go up only when BTC goes up.

[Kittygalore]

Here are some of mine that helped me and can probably help you:
1. Know the risk in the first place, this isn't going to be a walk in the park.
2. Always take profit but don't settle for less when you know that you can do more.

[Hobo66]

Those who have trading education will make significantly more money. They should be required to devote a significant amount of time to trading. A successful trader always adheres to the regulations and pays close attention to the market. Your neurological system should be completely under your control. Because it alerts you to the purchasing and selling of coins.

[Jazzi Mahesh]

The best way to make money online is the practice. Practice is the key to success in the Forex Market and hence you should practice a lot before placing your foot into the real Forex Market.

[FanEagle]

Many people have been investing in cryptocurrency, and some have been complaining that they are losing money, particularly newcomers, so I believe this will really help you as a trader. The following will guide everyone to be a successful trader.

Another thing that I think is very important is having the ability to know whether something is meant for you or not. Every time we keep telling that they should continue trying after they have lost so many times and that one day it would work. The truth is that it never works out for everyone, and if it is not working for you, then it might be a good decision for you to make by deciding to call it a quit.

There are so many things that one can do in this community, there are so many businesses and many ways to earn. So, it is not a must that you’re going to be trading, you should know the right thing and when you know that which is right for you, then you should stick to that and it would work out.

[Oilacris]

The best way to make money online is the practice. Practice is the key to success in the Forex Market and hence you should practice a lot before placing your foot into the real Forex Market.

Doesnt matter whether its forex/stocks or crypto yet these things involves buy and selling which is very normal to be done on a market like this.Practice does indeed make things perfect but doesnt mean

that it would be attained on a short time as possible or few trials and errors because these are things which cant really be take good grasp on just few tries.

When you decided to trade whether which market you decide in then you should consider on making yourself prepared at least.

[CDC AP]

They're complaining to something that's nobody to be blame but our personal decisions. In trading we should be smart enough to take precautions specially in times of no assurance.
Before you're going to sell an asset, always consider the top gaining factors so you'll able to decide what's best to fit with your satisfaction.
Risk factors needs to be corrected before taking actions.

[fullhdpixel]

Before you're going to sell an asset, always consider the top gaining factors so you'll able to decide what's best to fit with your satisfaction.

Yes, while profit booking we should go for or ensuring about the change in trend direction. Otherwise we can leave off our positions to have further profits along with market direction. So, traders should always go for again and again technical analysis to ensure that they will be covering all the growth of market rather than booking profit at their own preferred price levels.

Risk factors needs to be corrected before taking actions.

Once your positions are into profit zone, then you should start using trailing stop loss so that you will not get losses thereafter. As far as I am concerned, most traders are not making use of trailing stop loss of but they will face losses after the direction of market changes even after they were in profits.

[Anguwa]

Many people have been investing in cryptocurrency, and some have been complaining that they are losing money, particularly newcomers, so I believe this will really help you as a trader. The following will guide everyone to be a successful trader.

There are four keys to successful trading.

1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.

3. You must give yourself time: Because cryptocurrency requires patience and dedication, you should not rush to make money at the same time This is impossible since if you buy a coin now, it may take weeks or months for it to pump, so don't expect to make money quickly with cryptocurrencies. Give yourself time to investigate and plan. Because trading is a long-term endeavor, you must devote sufficient time to learning.

4. Dedication and commitment: If you truly want to be a good trader, you must be able to devote all of your time to it. Since you are making money from it I believe it really worth giving all your time.

All the above mentioned are really subject of consideration before going into crypto trading, not only crypto trading though, because risk is to be putting into consideration in any aspect of trading. There is still one thing which is important to Note which is one should not trade with the money he/she cannot afford loosing so as to bear the risk in terms of lost.

[Fakhrulenclix]

Yes, the four points you mentioned must be owned by a trader, especially novice traders must really have good management in trading. Talking about management, there are many things that must be managed, including the time in trading and the amount we have to trade and the money we save for emergency needs. If a trader invests everything they have, it will be fatal, they have to sell even if they lose. So pay close attention to financial management.

[lixer]

your analytical and management skills are the core part as the deciding factors for your consistent success in all types of trading. But, being dedicated and fully committed toward the preparation of successful trading is self driven which means it cannot be learned from books or videos but should be developed by our own interests. I agree that we will become more dedicated and committed when our trading support us for a living.

Yeah, I agree. The most important part about this situation is that not everyone will approach trading the same way and you should not follow others and how they are trading just because they do it. I have to say it is very clear to me that we are in a situation where people are not really trading based on how they would like to, but what they believe others are profiting with and that results with different outcomes.

The reason for different outcomes is that you are not really there to make a profit based on what others like to do, if you do that then you are going to do different things since you approach it differently and you will end up losing, we do not all think alike. So, try to find what you like to do instead of what others do.

[Ryker1]

I think the issues you have mentioned are important and enough to know when some one comes to trading . However, those who are completely new here may not understand many things. That's why you need to know. You have to try to know most of the things of trading for your basic education. Those who are new i think that they should not worry about futures trading right now. They must refrain from the future until they acquire enough knowledge.

Well that is so true --gaining experience and then acquiring knowledge is very important in trading and before you will start don't depend on basic education, you must study it very well and be prepared for the trading activity. Trading for me is not just easy, it needs for you to spend more time studying and understand every coin that has a potential one. However, OP was right on his thread, and not only by that, but there are also too many factors to consider before you will fully go into the trading field.

[Sled]

I think the issues you have mentioned are important and enough to know when some one comes to trading . However, those who are completely new here may not understand many things. That's why you need to know. You have to try to know most of the things of trading for your basic education. Those who are new i think that they should not worry about futures trading right now. They must refrain from the future until they acquire enough knowledge.

Well that is so true --gaining experience and then acquiring knowledge is very important in trading and before you will start don't depend on basic education, you must study it very well and be prepared for the trading activity. Trading for me is not just easy, it needs for you to spend more time studying and understand every coin that has a potential one. However, OP was right on his thread, and not only by that, but there are also too many factors to consider before you will fully go into the trading field.

Thus, if we wanted to become successful traders then we must have to do everything to help ourselves. That is why before trying to do this must have to know first if we are willing to risk and spend more time on the internet or not. I know that some people, some new traders have their interest only because some people say that trading is good and profiting and yet, they don't know how hard and how many sacrifices that these tellers had been experiencing before they got their position.

[TinaK]

<....>
 they don't know how hard and how many sacrifices that these tellers had been experiencing before they got their position.

All traders have sacrifices and how many losses they had just to have experience and I think, there's no right position because in trading there's no permanent result, anytime you will lose even though you are expert in trading, because no one really knows where the price goes on.

I agree above that trading is a very risky part of having money and there are too many studies you must have before you will completely and understand the market and keep in mind the possible consequences that may result in the future while in trading.

[Hamphser]

I think the issues you have mentioned are important and enough to know when some one comes to trading . However, those who are completely new here may not understand many things. That's why you need to know. You have to try to know most of the things of trading for your basic education. Those who are new i think that they should not worry about futures trading right now. They must refrain from the future until they acquire enough knowledge.

Well that is so true --gaining experience and then acquiring knowledge is very important in trading and before you will start don't depend on basic education, you must study it very well and be prepared for the trading activity. Trading for me is not just easy, it needs for you to spend more time studying and understand every coin that has a potential one. However, OP was right on his thread, and not only by that, but there are also too many factors to consider before you will fully go into the trading field.

Thus, if we wanted to become successful traders then we must have to do everything to help ourselves. That is why before trying to do this must have to know first if we are willing to risk and spend more time on the internet or not. I know that some people, some new traders have their interest only because some people say that trading is good and profiting and yet, they don't know how hard and how many sacrifices that these tellers had been experiencing before they got their position.

Do your homework and put all the efforts and time you do have if you are really that dedicated on learning trading and of course it wouldnt really be that simple and it would takes time and lots of effort for someone to

achieve this kind of certain state and you should be aware of that thats why patience does really counts on these kind of times.You would learn up things eventually along the way which would really be needed

for you to grasp on so that it would really be that wise for you to take opportunity on learning everything along the way.

[LUCKMCFLY]

I think the issues you have mentioned are important and enough to know when some one comes to trading . However, those who are completely new here may not understand many things. That's why you need to know. You have to try to know most of the things of trading for your basic education. Those who are new i think that they should not worry about futures trading right now. They must refrain from the future until they acquire enough knowledge.

I agree with your opinion, because many newbies who start gtrading only do it trying to guess what can happen, that is, they enter the market thinking that it is gambling, and they may win at the beginning, but it is imperative that you have the right previous knowledge to determine with better precision what can happen, and even if many people say that no, books are the best teachers, when a person reads the books beforehand before trading, he can differentiate from good information and bad information, this He achieves it because he clearly has a good argument for which he can comment, otherwise whatever they say to him has to be left at the expense of being reliable.

[koang]

The best way to make money online is the practice. Practice is the key to success in the Forex Market and hence you should practice a lot before placing your foot into the real Forex Market.

Practice and keep practicing,That's the point.
Become a professional trader, That’s how traders became richer and more powerful than Kings… 

[NoorulHuda]

Here one more which must be added. That is emotional control. Most of the beginners always make this mistake. They get inspired from a fake video or other fake platform make them. They start follow them and in the end they face many problems.

[bitzizzix]

The best thing to do in my opinion is to start by learning the basic principles of trading and how crypto works, and to be a successful and good trader requires a combination of knowledge and skills that don't just appear.
so you have to find and have both before getting involved in crypto trading, being a trader is not easy and you have to have full time to do it and also be serious so that the results are as expected.
Don't give up when you fail, because most beginners will give up when they fail at the beginning, the actual failure or mistake is actually a very valuable lesson to learn when plan A fails, do plan B and so on.

[aquafinewater]

A good way to generate a smart profit is by trading , but if we do trading as a business, then we can make a great profit need to know  some basic knowledge about trading, such as how the market works, and how to read the market well.and what is trend in crypto market if we learn this then crypto is very easy

[pmcryptogur]

One other thing also required that is Investor psychology-

Active monitoring of a portfolio is important for navigating the changing tides of financial markets. Still, it is also essential for individual investors to manage the behavioral impulses of emotional buying and selling that can come from following the market's ups and downs. Indeed, investors seem to have a knack for piling into investments at market tops and selling at the bottoms because it is not uncommon to get entangled in media hype or fear, buying investments at peaks and selling during the valleys of the cycle.

How can investors navigate volatile markets while also keeping an even keel and keeping a portfolio diversified for the best overall returns through all types of market environments? The key is to understand the motivations behind emotional investing and to avoid both euphoric and depressive investment traps that can lead to poor decision-making.

[arbifahrozy]

If you're a smart trader  then you can generate a lot of profit, but you already should know some things about trading . For instance, you should know about trends because the market follows trends constantly, and read the market regularly.

[SteveHankse]

The fourth point will automatically make you a good trader. Trading is difficult because it requires experience and practise over a period of time, and not many traders are capable of that. One of the best ways to progress in trading is to maintain a trading journal. Once you backtest your trades, you understand the fallacies in your trading. Improving them can be helpful in strategizing your future trades.

[judaspriest]

If you're a smart trader  then you can generate a lot of profit, but you already should know some things about trading . For instance, you should know about trends because the market follows trends constantly, and read the market regularly.

Trading is not as easy as we think because it is full of risk,
trading requires knowledge and skills and as you said being a trader we need to keep up with market developments all the time,
because otherwise we can lose the moment to make a profit

[Finestream]

If you're a smart trader  then you can generate a lot of profit, but you already should know some things about trading . For instance, you should know about trends because the market follows trends constantly, and read the market regularly.

Trading is not as easy as we think because it is full of risk,
trading requires knowledge and skills and as you said being a trader we need to keep up with market developments all the time,
because otherwise we can lose the moment to make a profit

Since trading has definitely its risks, then a trader itself should also learn how to manage the risk. And part of it is accepting losses because even if we are skilled enough, it cannot be deny that we are still losing in some of our trading. And once we are in huge losses, then our emotions and fears will also develop. And during that time, it’s best not to trade because once you’re having strong emotions, your trading will never end up being successful. Just trade when you are ready to separate your emotions because that is always the proper thing to do while trading.

[Kasabus]

The fourth point will automatically make you a good trader. Trading is difficult because it requires experience and practise over a period of time, and not many traders are capable of that. One of the best ways to progress in trading is to maintain a trading journal. Once you backtest your trades, you understand the fallacies in your trading. Improving them can be helpful in strategizing your future trades.

I think it’s always important to learn from all your mistakes because that will prevent you from committing the same mistakes again and eventually help you grow to be a profitable trader. And yes, having a trading journal can be very helpful once your a trader. And with continuous knowledge and experience, you will become skilled in trading industry.

However, I believe trading also is not for everyone no matter how you tried learning it and gain experiences. So once you’re into trading, you should also learn to know your limits if you think you are not profitable anymore.

[andriarto]

If you're a smart trader  then you can generate a lot of profit, but you already should know some things about trading . For instance, you should know about trends because the market follows trends constantly, and read the market regularly.

Trading is not as easy as we think because it is full of risk,
trading requires knowledge and skills and as you said being a trader we need to keep up with market developments all the time,
because otherwise we can lose the moment to make a profit

Since trading has definitely its risks, then a trader itself should also learn how to manage the risk. And part of it is accepting losses because even if we are skilled enough, it cannot be deny that we are still losing in some of our trading. And once we are in huge losses, then our emotions and fears will also develop. And during that time, it’s best not to trade because once you’re having strong emotions, your trading will never end up being successful. Just trade when you are ready to separate your emotions because that is always the proper thing to do while trading.

Every trader must have experienced losses and I think that is a common thing because after all profits and losses are part of trading,
in addition to managing risk we also need to manage or control emotions,
what is clear in trading is not something easy to do

loss and profit are part of trading, but the most important thing is the final result that shows a profit greater than loss in each month. For that, trading experience is very necessary, and it can be started with us doing trading practices and over time understanding the market patterns that are formed. Emotions are the most difficult part of trading to learn, but they can be controlled with constant practice

[Sihab76]

There are a number of things you must know about cryptocurrency trading. If you are new to cryptocurrency, you need to have experience as a trader on various exchanges before trading. You do not want to be frustrated if you cannot get the right pitch so invest in a good capo.

[zaesvlas]

As mentioned above, it is important that the trader is ready to learn. Sometimes you have to learn a lot when trading.

[BITCOIN4X]

loss and profit are part of trading, but the most important thing is the final result that shows a profit greater than loss in each month.

It would be great if one could take regular profit every month in trading because I think this is very hard to do.

There are valuable lessons in today's trading if you pay close attention. If you can take advantage of the moment of price correction to buy then I believe you can profit when the price rebounce. Every time the price corrects, we can only see the fact that the price will recover after some time regardless of how fast or slow the selection process is. I think this is an opportunity if you want to profit from trading regularly. This trading strategy still will not guarantee 100% profit due to many factors that influence it. So do your own analysis and DYOR.

[Smartvirus]

One thing that I consider very important for any trader to understand is the fact that, the market is smarter than you and the market is always right. Little wonder why you can't trade against the market and succeed. Some traders come to the market and hope that, you can come and trade against the trend with hopes of some supernatural change of trend along the line but trends don't just change. Like, they've got to be events to necessitate this change of trend, events that your most likely not to get when it happens or starts playing out. So, some days, it's not going to work and your not going to make some profit but then, accept the fact that, the market is your better. You can only try.

[Fatunad]

loss and profit are part of trading, but the most important thing is the final result that shows a profit greater than loss in each month.

It would be great if one could take regular profit every month in trading because I think this is very hard to do.

There are valuable lessons in today's trading if you pay close attention. If you can take advantage of the moment of price correction to buy then I believe you can profit when the price rebounce. Every time the price corrects, we can only see the fact that the price will recover after some time regardless of how fast or slow the selection process is. I think this is an opportunity if you want to profit from trading regularly. This trading strategy still will not guarantee 100% profit due to many factors that influence it. So do your own analysis and DYOR.

Reaching out into this certain state is something that cant be achieve on a short span of time which means that this would take some time and lots of effort that you would
need to be done and of course you would really be getting that experience which would really be the things needed for you to at least on sustaining this market.
You cant just  hop and expect that you could make out easy profits into this market.Always on having that realistic approach if you do like to
survive on this market and dont expect that much.

[BITCOIN4X]

~Snip

When you start investing your money in a place then you should also invest time to learn something from it. This is important because not only will you gain or lose from your trade or investment, but you will also gain experience from it. We are in a risky investment (price volatility and the way you secure your assets), so minimize the risk of both and take advantage of it.

It's not about how we become an expert trader or investor, but experience will only teach us to maximize the opportunities that exist.

[Patigi]

You need a very good understanding and good search before you fall or invest your money any business, in fact trading is not just what you think and start like that, you a lot of informations and understand of chart and the types of coins to trade, when to trade it, because their are some coins when their is hype and you trade them you will just in be lost. And you need a lot of information before you decide to trade a coins. When I start trading I think I will study only charts and trade it. Their are some coins even you study without information with some Telegram experience trader in end in nothing