Things to know before 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