Things to know before trading.

[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.