Before getting into trading

[Wind_FURY]

A learner who wants to learn more should be patient and not to be in the haste to start real trading. Make all your mistakes with demo , build your passion for it and don't run away from mistakes. A learner should take low risk, identify what is working then stick to it, with time you will be a professional growing from the mistakes made.

6. If after everything you still are not profitable, save money and Buy the Bitcoin Dip, and HODL

This is another type of trading but called hodling. However talking about hodling, longtime can be boring. A real trader don't want to hodl but to exchange for immediate profit..

I believe that’s not called a “Trader”, that’s called a “Gambler”. Plus it might be boring for gamblers, but it will not be boring for HODLers after 10 years when Bitcoin is with a 6-digit valuation per coin. Where will gamblers be?

[1714655327]

1714655327

[1714655327]

1714655327

[1714655327]

1714655327

[arbifahrozy]

Understanding the trading skills are very important for the traders, whether they are newbie or new investors or even they had an experience of trading, the trading strategies plays an important role in trading capacities. I preferred you to learn all the trading skills and most of them are taught even when you entered into trading and made some mistakes.

[el kaka22]

How should one prepare before getting into trading?

Simply by making use of google and youtube.

Yeah, you can get almost all the required information from internet for your preparation for trading and remember the same is available to everyone but only 2% of people are profitable in trading. Could you think about why? Because, not all the people who aspire about pursuing a career out of trading are not committed and dedicate; they just plan without step by step procedure to follow for reaching their goals.

You may become a profitable trader if you are ready to put all your time and efforts along with a practical plan and approach. Everything available (how to plan and what to learn) across internet but all you need is, your dedication.

[AakZaki]

Prepare trading psychology, prepare free money for trading because it is very necessary. and most importantly basic-basic trading must also be understood. Don't try trading if you don't understand the basics, because it will only waste your money.

Better to use a demo account to try it out.
Learn Technical analysis and fundamentals, because these two skills are really needed in trading.

Never give up and get bored to learn. failure will always be there. We must learn from every failure because it will make us successful later.

[Mahanton]

A learner who wants to learn more should be patient and not to be in the haste to start real trading. Make all your mistakes with demo , build your passion for it and don't run away from mistakes. A learner should take low risk, identify what is working then stick to it, with time you will be a professional growing from the mistakes made.

6. If after everything you still are not profitable, save money and Buy the Bitcoin Dip, and HODL

This is another type of trading but called hodling. However talking about hodling, longtime can be boring. A real trader don't want to hodl but to exchange for immediate profit..

I believe that’s not called a “Trader”, that’s called a “Gambler”. Plus it might be boring for gamblers, but it will not be boring for HODLers after 10 years when Bitcoin is with a 6-digit valuation per coin. Where will gamblers be?

Investors is totally different with gamblers but in some aspect there might be some similarities but overall it would really be different in long term prospect.It all matters on what goal you do have in mind
because your actions would really be basing up on what you are tending to do.Speaking of things needed before you do get yourself into trading is that you should really be prepared
and dedicated with your goal.Do all sorts of things and dont end up on having that gambler like in mind.

[kawetsriyanto]

I think these are the common things that a beginner must do: learning everything related to trading, know the basic skills, analyze the current trends, and use small money to start buying-selling. Remember that it is the early step of a trading journey, don't too expect or be greedy about earning a big amount of money. Try to focus on learning first, make sure a beginner really knows how to trade properly in this early step. If he already gets enough experience, has sufficient knowledge, and understands how to trade well, then a beginner can use a bigger amount of money as his capital gradually.

[sana54210]

You may become a profitable trader if you are ready to put all your time and efforts along with a practical plan and approach.

Yes, not all are planning to be a profitable traders are not ready to put hard work on learning and practicing. They just wish and finally becoming a losing trader. Being committed toward our goals alone will help anyone to be a successful trader. Most bigness are buying signal from others but they never realize the fact that those signal providers are just another beginners as they are not confident about making use of those signal in trading but they are simply selling it to make money.

[Desmong]

How should one prepare before getting into trading?

Emotion and capital.

You have both of it and you only need to keep up with the lessons you will learn as you start trading. What you'll get to see from your trade experiences is how you're going to make it lesser emotional.

Trading can be challenging at times when money is a problem for one to trade. Do not expect to make big profits Immediately you start to trade but take take to trde to learn more without looking at the money but the skill to be acquired. Trading is very interesting when a trader is making consistent profits but annoying when money is being lost on a daily basis.

[South Park]

When one first enters the trading game, it is most often challenging to know how to prepare for it. Even if it is an appealing approach to increase profit, it would not be as fruitful as one may imagine without a fundamental understanding of the basics and a few preparations.
How should one prepare before getting into trading?

I think the very first thing that people need to do to prepare themselves to become traders is to read a few books about the topic, one of the great problems that I have with newbies is that they come to this market thinking that they're going to make a fortune in a relatively short amount of time when the truth is that most traders that are successful take a long term approach when it comes to thinking about their profits, however newbies are so desperate to get profits in the market that they forget about taking the right precautions and to protect their capital and only begin to think about it once they have lost all of it.

[Zilon]

Trading is a long process of learning and entering it without enough knowledge has a huge risk. As for me, having the eagerness to know more about trading would be a good start. Learning the basics and risks of it and knowing how to deal with every market situation is an advantage. Proper mindset plus patience are also needed.

Patience is one key factor when one decides to learn about trading because for any individual who is  new to trading the concept will look totally strange and would take some time to get the concept sink in but with patience and determination.

The whole concept of trading can be quite confusing its not meant to be gambled because gambling would be too risky. Its just important to be grounded on the knowledge and that's just the surest way of earning

[Wind_FURY]

A learner who wants to learn more should be patient and not to be in the haste to start real trading. Make all your mistakes with demo , build your passion for it and don't run away from mistakes. A learner should take low risk, identify what is working then stick to it, with time you will be a professional growing from the mistakes made.

6. If after everything you still are not profitable, save money and Buy the Bitcoin Dip, and HODL

This is another type of trading but called hodling. However talking about hodling, longtime can be boring. A real trader don't want to hodl but to exchange for immediate profit..

I believe that’s not called a “Trader”, that’s called a “Gambler”. Plus it might be boring for gamblers, but it will not be boring for HODLers after 10 years when Bitcoin is with a 6-digit valuation per coin. Where will gamblers be?

Investors is totally different with gamblers but in some aspect there might be some similarities but overall it would really be different in long term prospect. It all matters on what goal you do have in mind because your actions would really be basing up on what you are tending to do. Speaking of things needed before you do get yourself into trading is that you should really be prepared and dedicated with your goal. Do all sorts of things and dont end up on having that gambler like in mind.

NO, they truly don’t. Gamblers buy Bitcoin to make a quick profit in fiat, investors want profit, but they also want to see Bitcoin become successful, and see the network grow. Gamblers simply don’t care about the network, although they might say the care.

Plus personally, I am investing in science and this little “science experiment” we call Bitcoin. The Core developers are in it for the science too. Shitcoin developers are in it for profit.

[BuNga_cute]

When one first enters the trading game, it is most often challenging to know how to prepare for it. Even if it is an appealing approach to increase profit, it would not be as fruitful as one may imagine without a fundamental understanding of the basics and a few preparations.
How should one prepare before getting into trading?

I think the very first thing that people need to do to prepare themselves to become traders is to read a few books about the topic, one of the great problems that I have with newbies is that they come to this market thinking that they're going to make a fortune in a relatively short amount of time when the truth is that most traders that are successful take a long term approach when it comes to thinking about their profits, however newbies are so desperate to get profits in the market that they forget about taking the right precautions and to protect their capital and only begin to think about it once they have lost all of it.

Indeed, knowledge is the most important factor when trading, so it is better before deciding to trade, we should learn a lot about the crypto world.
So we understand how to make decisions, remember don't trade in something we don't understand. Once we have the knowledge, we have to
practice trading a lot, in order to determine the right strategy. But unfortunately most beginners are too hasty when trading crypto, they think
crypto trading is just buying coins at a low price and selling at a high price, even though trading is not as easy as it seems. There are many things
to learn, so as not to make the wrong decision. So it's not surprising that most beginners will experience big losses first, then they realize their mistakes.

[Zilon]

Before going into trading after acquiring the knowledge you should make up your mind on losses when the occur because its part of the business the fact is losses will serve as the price you will have to pay to learn which strategy obeys the market most and also when to avoid the market.

Have a good control of your emotions and ensure you spend enough time on analysis, do enough back testing and try to compare at least two time frames that is a top down analysis all this can help give you good entry points

[Farma]

When one first enters the trading game, it is most often challenging to know how to prepare for it. Even if it is an appealing approach to increase profit, it would not be as fruitful as one may imagine without a fundamental understanding of the basics and a few preparations.
How should one prepare before getting into trading?

The most important thing in starting trading is

• mentally prepare - this is the most important thing, because as you said, sometimes things are not what we think. we can even get a big loss.
• have money you can sacrifice - meaning, you don't use your main money in this. Let's just say this is your first try, and you don't use it for your daily needs, even the money you borrowed. it can make you sincere if you lose the money.
  

after having these two things, what you need is complete information, and also analytical data. you can't get it easily if you don't learn it. however, don't trade like gambling. You need information to know the movements that will occur. You can read some of that information on cointelegraph, or any trusted group you belong to.

[checkmatesir]

For newbie, trading is a new adventure as it is really surprising for everyone whether he is trading since a year or he is trading now. But the aim of the trader should be on his strategies that which strategies he is following and how much he is going to set a target for himself, which coins he is buying? etc all of these should be kept in mind before trading.

[fullhdpixel]

When one first enters the trading game, it is most often challenging to know how to prepare for it. Even if it is an appealing approach to increase profit, it would not be as fruitful as one may imagine without a fundamental understanding of the basics and a few preparations.
How should one prepare before getting into trading?

The most important thing is to study, that is already said by everyone. However there are other important things that not many people realizes. Yeah sure study it, test it, learn it, be patient and all of that are common stuff that we all know and we all suggest, but what do we miss while we give advice?

We miss the fact that market is volatile and you should always be ready for surprises, which means that you should be ready to expect the unexpected and that is the most hard part of it. I understand that it is not always great feeling, but just when everyone is expecting it to be 50k, you should also be welcoming 40k, if you could be patient like that, then you could profit in crypto.

[bitzizzix]

The most important thing is not to be lazy to read and pay attention to how to trade carefully and both can be found in searches via google and youtube according to what you need regarding trading.
and after that you make the trading plan you want and start with small capital, and besides that learn to analyze the market and manage risk or loss.
if you do it and are also looking for reliable knowledge or information about trading and you take it seriously and study hard then the results will be great.

[palle11]

From my own experience, I can say that when starting work, the most necessary stage is a demo account. This is the only way a trader has a chance to gain trading experience without any particular risks. When I started working with a broker from Amarkets, I did just that.

Very important thing to do and I support that a learner should work on the strategy with demo account because I have done such not just once. I do demo trading from times that I want adding a new idea to my strategy to test on it first because doing that on real account is dangerous not to put yourself in risk of losing your money. But starting a real account do also require that you do start gradual.

[passwordnow]

For newbie, trading is a new adventure as it is really surprising for everyone whether he is trading since a year or he is trading now.

A newbie is a newbie and has no experience in trading so basically he has no experience in trading.

But the aim of the trader should be on his strategies that which strategies he is following and how much he is going to set a target for himself, which coins he is buying? etc all of these should be kept in mind before trading.

This is right. The coins that he will buy will also be the factor if he starts trading. Thinking about this and having a plan is a good start for those newbies which shall be on their stash and as well as what will be the coins for them to trade.

[sherenikaw]

increase your trading knowledge and learn to trade well. before entering the world of trading, it would be better if we understand very well about trading itself, after that we can starting with a small capital first. observe market movements, if we can get a little profit then we can increase the amount of capital to get a bigger profit. don't be in a hurry to get a quick profit, all of that requires a good process and effort so that we can analyze the market well too.