Things to know before trading.

[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.

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[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.