Before getting into trading

[isaac_clarke22]

~

Speaking of this, I never encountered any paid groups being promoted lately when I just started looking around in Google just to get a good read about trading seems like it is only in some selected sites.
Resources out there are free anyway to learn anything. I learned programming without paying any courses anyway, and yes, same goes with the basics in trading when I was still learning the ropes. People think that buying courses would make them instantly expert without any effort done in their end.

[sana54210]

before you must have capital and divided for several case

• fast
• medium
• long term

if you have divided it into 3 parts then you will be fine but the thing to remember you have to set a target on medium and long terms ,if it has been achieved then throw it go  and don't be arrogant to want to get a lot of profit because it takes additional time for that ,different from fast no matter how much profit you have to be willing to do it because there is a high risk of getting a loss
you have to master the placement of these 3 strategies because being a trader is difficult you have to be ready anytime and anywhere to get profit ,It's up to you if you want to use a strategy in a legitimate strategy
what I learned alarm is very useful

I believe that you should  separate it into many coins but just because you are diversifying your portfolio doesn't mean that you should look for different stuff neither. For example, I own a little bit of many high level coins and all of them are long term for me, I do not see myself selling them unless I absolutely have to. It could be me needing money, or it could be project getting a big problem but I will not be selling them unless there is an exception.

For example, the most recent one was SOL, I sold it because they froze the blockchain to fix a problem and yes it was for a good reason but they still showed how centralized it is and that is why I sold and got out right away, I hate centralized coins.

[nurilham]

learn trading well, observe and practice, those are some important points in trading. you can start with a small capital first and if you feel you can follow it then you can add more capital. Trading also requires patience and thoroughness so that we don't fall into this ups and downs crypto market. increase your knowledge about trading because it will be very helpful for us to be able to trade well. Trading also takes time to make a profit, so don't be in a hurry to make a quick profit and end up rushing and losing.

[JohnBitCo]

Before entering this market, I think you should take the time to learn crypto-related knowledge, this preparation is essential. There is a lot of information, free knowledge for you to learn. Don't use all your money to trade, start with a small amount.
Some people on social networking sites always give advice, you should not trust it completely, need to find out clearly before making a decision.

Money management and learning is the most important thing which one should have before stepping into trading. Without knowledge you will just lose you money in trading. Trading may look profitable and easy way to earn money but it is only for those who are expert. If you jump in trading without learning it first, you will lose everything.

[ScamViruS]

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 should enter the market with sufficient knowledge about trading. Because, when you look at it from the outside, you will think that it is very easy to make a profit by trading, but in reality it is not that easy. You will see many people using social media, influencing people by sharing screenshots of different profits, they will never share important information with you with which you can build your trading skills. So to gain trading knowledge you have to search for free things, you will find a lot of content online which is really important. Traders who prepare themselves before entering to trade can stay in the market for a long time. It is very easy to make a loss in the market if you do not know the market accurately.

[doremonchina]

IF you enter in grading zone then first you make proper plan in your mind and gain some knowledge about trading from experts then you prepare some funds for trading not a 100% of your assets reserve some funds for backup.
then you entry with small amount first if you got some profits then keep safe your investments and hold your profit for long time. follow signals and entry in proper time and always use stop limits.

[martina14]

Before entering this market, I think you should take the time to learn crypto-related knowledge, this preparation is essential. There is a lot of information, free knowledge for you to learn. Don't use all your money to trade, start with a small amount.
Some people on social networking sites always give advice, you should not trust it completely, need to find out clearly before making a decision.

You are absolutely correct in this matter sir, trading needs knowledge and skills as much as possible.
This is the problem sometimes with the novice or newbies who came up here in crypto business.
They always in hurry to get profit without doing feeding themselves into learning stage, that is why
in the end most of the time they loss.

[Mpamaegbu]

2. NEVER buy a “secret strategy” from someone who claims that the “strategy” is very profitable

Someone recently tried to talk me into this and I laughed it off in amusement. Truth is that if a strategy is that great, the owner wouldn't want to sell it. What some of these signal and indicator sellers do is salesmanship of a strategy that has got a few wins, perhaps during a trending market, and then they think it's a complete winner. The real test of any strategy is during a ranging market, not during a trend.

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

Demo doesn't have the same near life experience as real trading. I used to think one could become an expert from trading on demo but I know better now. Nothing feels real as trading real life. Demo trade for a few days/weeks, then go life. Just fund your account with little capital and then minimize your exposure by maintaining Money Management (MM). That's the right way to go, for me.

A real trader don't want to hodl but to exchange for immediate profit..

By "real trader" you meant day trader, right? Otherwise, hodlers are also traders. All traders are real, except scammers 😏

[South Park]

Never you start trading crypto currency with emotion or anxiety of making so quick just because of must have head testimony of people that have turned millionaire via crypto currency trading because you don't how they started and their trading level skill and how long they have been in trading.

Exactly, remove the irrational decisions caused by emotions and let the rational stuff like knowledge and pragmatics do the work when it comes to trading, the problem is that some people are too greedy when it comes to trading and cryptocurrency, they think that it's all quick buck until they've experienced hardships.

And this is something that is incredibly difficult to do, we know that the market is ruled by two emotions which are fear and greed and those two emotions are going to be what causes the majority of the losses a trader will face during their career, after all many people have a decent strategy to trade the markets which if they just followed it will allow them to make some small gains from it, but that is not enough and this causes people to not use their trading system and that is when big losses are incurred.

[Rigon]

You must know a lot before you start trading. You need to know your signals to trade.They can never make a profit by trading without a good understanding of the Jairam market There are many who come to the trading platform and trade in an approximate way At one point it was seen that they lost all their profits.So I would say you must have a good knowledge of trading before you get into trading.

[Nigrinn]

Without a clear understanding and the ability to apply my knowledge in practice, it is quite difficult to start trading, so I started with a demo account, which is provided by Amarkets, and this helped me to understand everything and learn a lot.

[Fredomago]

You must know a lot before you start trading. You need to know your signals to trade.They can never make a profit by trading without a good understanding of the Jairam market There are many who come to the trading platform and trade in an approximate way At one point it was seen that they lost all their profits.So I would say you must have a good knowledge of trading before you get into trading.

It's needed to have all the basic understanding and willingness to learn. It's not easy as how it was percept by those people who try to allure new traders. They show easy access to gain profits, but in reality; it needs a lot of time; you need to focus and dedicate your time in order to be established good strategy.

Working in this business is not a game of luck but the determination and will that you really wanted to succeed. Keep all the knowledge that you gain from both successful trades and also from those losses that happened to your trade.

Experienced will solidify your knowledge and it will give you better chances of success.

[South Park]

~

Speaking of this, I never encountered any paid groups being promoted lately when I just started looking around in Google just to get a good read about trading seems like it is only in some selected sites.
Resources out there are free anyway to learn anything. I learned programming without paying any courses anyway, and yes, same goes with the basics in trading when I was still learning the ropes. People think that buying courses would make them instantly expert without any effort done in their end.

This is a mistake that many people make in all aspects of their lives, money without a doubt can fix many problems and help you in many circumstances but when it comes to learning money most of the time is completely irrelevant, the only thing you need is time, dedication and a decent source of information, and now thanks to the Internet you have many sources of information which means the only thing you really need is the time and the desire to learn.

[Lordhermes]

Before one starts trading,he or she must have made thorough research on the aspects of trading he wants to indulge in.He must have the mindset of loosing,because if he does not carry that mindset,the market will shock him and give him heart attack when he begins to lose.
He must have in mind that losing is part of the game.

Another thing to do before starting to trade is that you must consult experienced and skillful people in the field to guild you on the area you want to trade. It is their guidance and advice that gives you a a base on how to start,and how to make good profit.

[Hypnosis00]

Another thing to do before starting to trade is that you must consult experienced and skillful people in the field to guild you on the area you want to trade. It is their guidance and advice that gives you a a base on how to start,and how to make good profit.

Of course, you will but never think that they will teach you always and it was needed for us to stand alone without the guidance of these people.

Maybe if I was in that situation, I don't ask how to make a good profit but rather to ask how to be safe from losing. We know the sentiment already that we can't avoid this thing no matter how good we are as it certainly comes. And people who will think about a profit always will mostly don't survive as they are badly frustrated once they lose.

[bitgolden]

I would say that the hardest thing for me while starting out was the fact that I didn't had enough funds to matter. My first ever crypto purchase (well I earned it, not bought it) was 25 dollars. It is really difficult to come from a very poor nation and try to have thousands of dollars in crypto, many people assume that it could be easy if you hit the right thing but when you have 25 dollars, even 100x would mean 2500 dollars, which is very good of course for me but not a big portfolio by any standard.

It took me years to get where I am today, I didn't keep it all on crypto, I spent it on many projects and bought myself some things that I needed (not fun related, just living stuff) and even made my living with it. So I would say that crypto did changed my life but it took me maybe 5 years to be where I am today, hence when starting out, people should realize, it is not easy to get rich in crypto, sure there are some lucky people who made a lot, but that is a very rare situation to be in.

[livingfree]

Before one starts trading,he or she must have made thorough research on the aspects of trading he wants to indulge in.He must have the mindset of loosing,because if he does not carry that mindset,the market will shock him and give him heart attack when he begins to lose.
He must have in mind that losing is part of the game.

Losing is truly part of trading.

Someone who wants to start trading has to be that open in that mindset. It doesn't mean that because you're going to lose upon entering but it's because the chance of losing is higher for many starters.

It's a good mindset at the beginning for you to don't have that much emotional impact.

[Kimonoe]

Of course, trading knowledge is the main requirement so as not to get caught in a trading situation that is not as easy as imagined. By knowing the previous trading picture, we will be better prepared to accept the risks and rewards. but the best thing in my opinion is the guidance from the closest friends at the beginning of trading

[Fredomago]

Before one starts trading,he or she must have made thorough research on the aspects of trading he wants to indulge in.He must have the mindset of loosing,because if he does not carry that mindset,the market will shock him and give him heart attack when he begins to lose.
He must have in mind that losing is part of the game.

Losing is truly part of trading.

Someone who wants to start trading has to be that open in that mindset. It doesn't mean that because you're going to lose upon entering but it's because the chance of losing is higher for many starters.

It's a good mindset at the beginning for you to don't have that much emotional impact.

You need to consider that losing is part of this business, even experienced trader also have that bad day in trading, no one can say that they are all set and good when they trade, though there are always different mindsets that each traders have, mistake from experienced traders treated as learning process while with newcomers they are not willing to accept and blame the market and leave.

You need to balance and think of alternative ways. If you made some wrong decisions, having a good backup plan will keep you inside the game and allow you to survive.

Once everything settled, expect good growth and success will take place.

[Yamifoud]

Just like the other's replies, we shouldn't have to make it rush, don't believe those signal/paid groups, and much never think about easy money in trading coz you will just get frustrated. Everything has a sweet success when we work it hard.
Thus, if you have a plan to become or get into trading, never rely on others but rather rely on yourself. You can do a lot of searches online and that is no reason why we hired someone to teach us especially when it asks for money unless if that is your closest friend or a family member as we could still learn.