Before getting into trading

[harizen]

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?

Invest with knowledge. First, everyone needs to be serious to learn and not just they saw others getting profits from trading. Sometimes others just want to be involved because of pure money. With that mindset, they will never look at the risks and will rush everything to make profits.

Honestly, basic knowledge is enough to start. Lots of pointers to read before doing an actual trade will just make a new trader confuse. Let them experience the actual trade with only basic knowledge and allow them to learn things automatically while on the way.

Again, be serious and don't take that as a joke. It will take time to learn but it's worth your time.

[crzy]

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?

If you want to enter in market even if for investing or trading, you should not come without any knowledge meaning the first step you should do is to learn how to analyze and trade on your own, this is a long process so don’t expect any big returns along the way. Once you know the basic things, you can start trading now and don’t forget to continue learning trading is more profitable if you take this seriously.

[TimeTeller]

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?

If you want to enter in market even if for investing or trading, you should not come without any knowledge meaning the first step you should do is to learn how to analyze and trade on your own, this is a long process so don’t expect any big returns along the way. Once you know the basic things, you can start trading now and don’t forget to continue learning trading is more profitable if you take this seriously.

Start small and start on top crypto like btc.
Once you got the grasp of basic knowledge in crypto trading, you can start discovering other types.
But if you are just starting, focus first on spot trading before going into futures.
Even if you are not getting high profits, but this one is less risky to take for beginners.
Also, when you explore other alts, it is better to learn their background and current status of development.
Because this will give you idea on what's happening with their market. As much as possible, avoid potential pump and dump projects.
You can easily lose your funds in this kind of project. And only experience can teach you how to spot one.

[Luqman]

If you want to enter in market even if for investing or trading, you should not come without any knowledge meaning the first step you should do is to learn how to analyze and trade on your own

It is true, learning and having the proper knowledge is the first step to do before someone starts trading or investing in crypto. This step is very crucial because it can determine how you do trading/investing, whether it is to be done in the right way or not. Mostly, people who have no proper knowledge will trade or invest with bad plans or strategies. This is absolutely to have bigger risks to lose money. That's why many newcomers who try trading or investing carelessly, will end soon their journey because suddenly lose a big amount of money.

[Tashana]

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?

What you need to do is to control yourself, don't take too much money to come in, take a little money first, come in and practice your hands, find the feeling.

[kramchers]

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?

Before you start into trading here dude, you supposed to have a small capital at least 20$ and up, or trade what you can afford
to lose. Because here in crypto trading I learned a lot through reading in different forums like this, and the altcointalks as well to feed myself most of the time as an individual traders. And never try to join in any seminar that need to pay for me to learn only, due to I know that  I can learn without a capital of course.

[Sled]

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?

It was not a simple preparation, that's all I can say since trading is risky.
Things needed before trading,
>Plan
>capital
>ENOUGH knowledge and skills

We can't underestimate trading that is why we should have to do this. We know what will be the consequences and to lose from trading is a part of learning which you have to accept but never think this brought you down otherwise, you were not able to reach your goal.

[Peanutswar]

When starting to make trade its better to ready yourself first like keep yourself knowledgeable regarding the fundamentals of trading such as the coin you want to trade, the trading platform you will use, learn such as market patterns, market indicators and technical analysis there's a lot more, of course, those are the basics only. If you think ready avoid getting part of different groups that only knows to give a FUD to prevent you from getting more paranoid when the market is down. If you are a beginner try with the smaller capital to avoid losses of most of your assets. Not all the time green days will come to your portfolio always earn profit even there's a low win trades.

[airdata]

Actually there is no end to learning, as a beginner in Crypto trading i want to tell you that first understand that how crypto market work, know about bitcoin movement, know about chart. Never used your maximum fund in trading, don't panic. Also you can learn something good from internet or YouTube.     

[RealMalatesta]

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?

Someone already dropped a good advice which helps: the number one thing you should avoid is paying for any sort of group that is promising you strategies which you are never sure is going to work or not. It would be best for you that you start reading books on trading that' can enhance your skills.

Most of those groups are going to promise you steady profit, but at the end when you have given them your money, you realize that the strategies they're selling to you is worth nothing at all. That’s why it is best that you learn trading yourself and develop your skills so that you can do everything by yourself. And lastly it is important that you start with small capital.

[nur rochid]

Actually there is no end to learning, as a beginner in Crypto trading i want to tell you that first understand that how crypto market work, know about bitcoin movement, know about chart. Never used your maximum fund in trading, don't panic. Also you can learn something good from internet or YouTube.     

As a trader, we are required to always learn with the market. therefore we must dare to start friendly with risk. To start with, we are in a hurry, of course we have to study crypto before making a deposit, so we will not be surprised by any situation that may occur. after that the most important thing is that we must be able to control the psychology of greed

[sammark23]

There are various ways to learn the fundamentals of trading. Videos and lectures, for example, are freely available on the internet. The ideal option, however, is to enrol in a beginners online trading course. That manner, one can obtain a well-informed view on trading while having it handled by professionals. It is usually preferable to register in a course that is tailored to one's degree of knowledge rather than relying on unverified material that would be useless to a rookie.

[Rafae]

Now there is a special problem in order to find training materials for yourself, so there would be a desire and all the opportunities will be found, and it is also very convenient to use the opportunities that Amarthez provides with the broker

[Rigon]

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?

You need to know different ways before you start trading. When you participate in trading you need to do a complete market analysis.You don't rush to buy any coins. It will be seen that you will have a lot of losses.The coin you want to trade with needs to be well researched. It will be seen that there is no loss after you.

[Emitdama]

Someone already dropped a good advice which helps: the number one thing you should avoid is paying for any sort of group that is promising you strategies which you are never sure is going to work or not. It would be best for you that you start reading books on trading that' can enhance your skills.

Most of those groups are going to promise you steady profit, but at the end when you have given them your money, you realize that the strategies they're selling to you is worth nothing at all. That’s why it is best that you learn trading yourself and develop your skills so that you can do everything by yourself. And lastly it is important that you start with small capital.

Those groups that promises future profits are the people who will be getting rich, not the customers of those groups. There is a very simple question to be asked "if you can get rich by trading, then why are you selling it as well, just do it yourself to get rich?".

Same could be said for trading bots as well, not like there are no bots that may help you make some profit but almost all of them depend on how good you can configure them, which means selling them is the most guaranteed way to make profit while using them doesn't guarantee you any profit at all. All in all, just trade with your own research and be as good as you can be and learn as much as you can, that is the number one thing you should know before you start trading.

[CryptopreneurBrainboss]

When one first enters the trading game, it is most often challenging to know how to prepare for it.

If you're not prepared then don't enter the trading industry in the first place. The industry has so many distractions that noobs usually fall victims to because they we're not prepared which why you have to be prepared before entering. The preparation can come in many ways but the most important has to do with you been able to control your emotions.

Emotions has to be the biggest enemy of a trader because if that's not put in place, it can ruined a trader of all his profit and if there's no precaution measures both the capital and profits can be lost as well.  Next will do with mastering the order options available for your trade.

Knowing how to use the stop loss and take profits options are very important in your preparation.

[Ryker1]

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?

Well, it was already stated in this thread on early pages and I have an addition.
After having a lot of research, fundamental and technical analysis is very important. You need to have practice offline just to gain experience and also knowledge as well. Just try a little amount as capital so that if you will lose you can afford it. Preparing yourself is a very important factor in trading, without this --it will not give a better profit to you while you are trading.

[lalabotax]

I am sure that how people prepare trading at first may be different enough.
But at least, they may prepare some basic things before doing trading in order to be really aware that we are "trading".
Awareness in trading is very important, we can see how people are likely not aware enough to trade because they only think about getting money and money again and again?
We can see how many people are losing after his first trading?
Because the precariat is very lack. In this case, at least we must be ready with the risks. We must learn more first about crypto and trading. And we must also learn about how to analyze the coins fundamentally and analytically.
Sharing with more professional friends in trading is also very helpful.

[Hypnosis00]

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?

Some are in good profit while some did not, that is the reality about trading. becoming into real trading is really challenging and I definitely agree that preparation is very important and many had neglected to take this but rather to jump the boat as fast as they can.

Well, to lose in trading is very common, some use this to learn more but unfortunately, some use this to quit and blame crypto. Yeah, trading is risky as we all know but can't make some people understand that as they just underestimate the market. That is very important to have enough knowledge of the market before getting into this. Money and skill could just be easy to acquire but still are the factors that could affect our trade.

[Botnake]

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?

Some are in good profit while some did not, that is the reality about trading. becoming into real trading is really challenging and I definitely agree that preparation is very important and many had neglected to take this but rather to jump the boat as fast as they can.

Well, to lose in trading is very common, some use this to learn more but unfortunately, some use this to quit and blame crypto. Yeah, trading is risky as we all know but can't make some people understand that as they just underestimate the market. That is very important to have enough knowledge of the market before getting into this. Money and skill could just be easy to acquire but still are the factors that could affect our trade.

Well, if you don't have the knowledge, skills and capital, i must say that you are not yet prepared for trading. Because as much as i know, trading is very risky, so if someone plans to go into it, he must be willing to learn and be knowledgeable on the crypto market, eager to develop his own trading strategies and skills, and lastly he has the minimal capital that he can manage to lose.

However, trading has definitely its own high risks but if you got all the preparations before getting into trading and has mastered them, i know somehow the risk will be lessen. Of course, there will still be losses but they don't happen more often.