Entering the trading market

[Zilon]

What is the best strategy to prepare oneself before entering the trading market?

Your emotions and greed. If you can deal with this two no matter what other strategy you deploy it would certainly pay off provided it's worth trading. This two killing trading limitators has made even professional traders with very profitable setups lose out of a trade even to the point of raising down an account. For me no other strategy is more superior to your control over your greed and your emotional approach towards the market

[SyndicateLabs]

What is the best strategy to prepare oneself before entering the trading market?

crypto is a flexible, attractive investment channel that has attracted the attention of many investors. However, not everyone is knowledgeable and ready to trade in this market. From personal experience, I see things that need to be prepared:
1. background knowledge of the market
2. prepare capital
3. devices to serve work such as computers, phones...
4. time
5. source of market information
6. clear plan
That's the theory, but in reality, everyone will have a trading method to suit themselves, and at some point we have to admit the method is drawn from real experience, wish you success soon. 

[TheEconomists]

What is the best strategy to prepare oneself before entering the trading market?

Proper knowledge of what trading is all about and not just because of anxiety of how to make big money in crypto currency trading. You have to learn how to interpret chart and trend and at the same time you have to devote your time in reading news in relation to Bitcoin and crypto currency in general as that will help you make an informed trading decision.

[taufik123]

and in essence, technical analysis and fundamentals are very important to learn. Because prediction is not just guessing where the market will go, but using analysis using some of the indicators provided and seeing the latest news about cryptocurrencies.
The analysis will not be 100% accurate, but it will be helpful to see where the price will go.

[ipanks]

What is the best strategy to prepare oneself before entering the trading market?

When I was new to trading, I just watched the price first before buying a coin. If the red candle comes, I will prepare to buy at another lower price and just wait until my order is filled. If it does not need too long to see the order fills, I will prepare to sell at the high price and if on that day, the price does not increase, I will still wait for more until the price increase. If everything is good, I will be able to make a profit, but I cannot wait for more if it is not.

Trading is not as simple as we think because we need to learn many lessons, including knowing the right time to enter the market. What I describe above is just my experience when I was still new in trading. But soon, after you are familiar with that, you need to learn more about trading.

[Victorycoin]

The market is not stable you have to learn the basics well with research whenever you spend enough time on the market chart, you will have a good idea about the market which will also give you a very good idea about when where, and how the market will be located only by looking at the daily chart will you be able to understand the right trend.

[Kanjeung]

mental health, personal analysis, reliable information or sources about crypto or the market and money. when you have money I give advice, never buy tokens with high prices and 100% of your money (don't spend it). because I have experienced it. prepare mentally strong when your token or coin goes down. Never mix your personal money with cryptocurrency money, because when the price drops and you have no money, your assets will definitely be sold, and you will lose.

[ultrloa]

Before entering the trading market, make sure that you have proper knowledge on it, this is not gambling on which you only need to rely on luck, that is really different in the trading market, you should gain knowledge first before you do trading, expect that you may lose on your first experience but it's alright and its normal for a newbie, just make sure that every training experience you had, there is a lesson that you have gain on it.

Sometimes luck occurs to us especially if we don't expect that the token or coin we bought will pump high as we expected and for sure this occur to us and we tell ourselves that we are lucky to buy that token in perfect time. But this one will never happen always that's why technical analysis is important and that should be learn by newbie so that they can track the possible movement of the market and will not miss out on certain scenario happen in the market.

[chuckweitzman]

The best strategy would be to get a motive to enter the market, set targets or use stop losses, learn risk management. Don’t go just for cheap rates when buying, pick a potential crypto currency to trade and most importantly, trade consistently.

[jaberwock]

What is the best strategy to prepare oneself before entering the trading market?

I don’t think there is anything like a strategy for preparing yourself unless maybe you just talking about what you’re meant to do just to be ready. If you’re going to be talking about a strategy then I guess you mean the skills you need for trading in the crypto currency markets.

But, first of all when it comes to getting yourself ready, you have to be prepared mentally and know that there are risks that are involved in trading crypto currency. You have to understand that it is not all the time that you are going to be making a win in the market, there are times that you can see losses. So, you just have to be ready for all these things. Then after preparing yourself, it’s all about learning the skills that are needed for trading.

[carlfebz2]

What is the best strategy to prepare oneself before entering the trading market?

Before entering the market.

1. Know the basics on how this market behaves
2. Avoid on things which are possible scam
3. Dont make your hope too high which presuming that trading or investing on this market is easy.
4. Be consistent
5. Dont let your losses make you quit directly
6. Proper money management.
7. Experience is the best teacher.

You would really gain up other things through experience along the way.

[huu78]

Mental readiness, ready to take risks, understand crypto market information to get fundamentals, and not greedy in making exchanges. Some of these points may not be very important but they are enough to help you to start trading on the first day. Don't be afraid to lose for a short period of time. All can be large for an indeterminate time.

[suzanne5223]

Just like some people say (which I'm one of them), cryptocurrency trading is just like gambling and the best strategy to prepare yourself for what may come before entering the trading scheme is to have adequate knowledge about crypto and the risk in crypto trading. After this, you need to understand the historical data, the utility of the coin you want to trade, the exchange platform you want to use, and your level of portfolio management.

Then, anyone who plans to enter trading must have assessed themselves first before stepping in. But somehow, this has been not quite followed but the skip into actual trading. It is literally a mess for them and can't expect that they will be able to survive but expecting their losses.

If skipping the important perspective which is having the fundamental knowledge before start trading is what most new traders practise then the number of traders that quit as stats shows will always increase, I thought about this and I finally understand that most newbies traders are thrill by the success of experienced traders with the belief that crypto trading only involves buying low and selling high.

We should also have to know that even we have enough money to start trading doesn't mean that it all be okay, it should be accompanied by knowledge and skill which is somewhat been missing for most traders. Well, learning something from our mistakes will serve as guidance for a better future.

Money is not everything and without knowledge, a folk is still a poor person. However, learning from mistakes don't always serve as guidance in some situation.

[martina14]

What is the best strategy to prepare oneself before entering the trading market?

Here follow this procedure dude,

- Know your target here in this industry of business
- know what type of trader are you, is it short or long term trader?
- Always be update into news about in cryptocurrency or virtual currency
- Study first the basic rules or things that are related into crypto trading.
- Must have a capital to buy in which coin you like to have in the future.
- know what exchange site platform you are going to use.

So this for now I think that you should know dude.
Good day

[amirahmed]

The most critical element is to have a clear understanding of what trading is and the many techniques available. Learning to trade based on unverified articles may be a bad idea because there is a limit to what one can learn from the information available on the internet. There are numerous platforms that provide online trading courses with professional trainers. Even so, it's possible that this isn't always enough. A newbie should most likely opt for personalized training courses on trading, which are offered on a variety of sites. This might be quite beneficial, as it allows people to learn trading at their own pace.

[rhomelmabini]

What is the best strategy to prepare oneself before entering the trading market?

I don't think there something to be called as best strategy because it's really that rare to find one, I'd say it's basically the fundamental knowledge first in regards to trading, the risk awareness, and I think most of all is your behavior to trading. I'd say the latter as the most important element of all, well, this is basically my opinion at all when I started trading and the experience I got.

You may have the knowledge regarding indicators, strategies and the financial aspect but if you're trading behavior or psychology towards it is being shaken, it won't matter. Crypto market isn't for the faint of heart and mind.

[Ararbermas]

What is the best strategy to prepare oneself before entering the trading market?

always seek for specific information so that you are aware what will be real situation in trading field and how it really works before you enter on it. And of course skills is the most important as well so better to give a try first on demo account so you know how does it feel and you can build strategies in order to succeed when you're ready to trade with your own money.. So practice first and make more research to obtain knowledge at the same time because that's the most important.. Just don't rush your situation. 

[michellee]

What is the best strategy to prepare oneself before entering the trading market?

You need to prepare yourself by learning the basic trading lesson so you will not be confused about seeing the market and knowing how to use the button. After you think you can understand the trading method, you can start trading but do not try with too big money, especially if you do not know much about trading. You need to learn many things before entering the trading market, as when you are in the market, many coins can tempt you to buy without you know if that coin can increase or if that will be a good time to buy that coin.

[Kasabus]

What is the best strategy to prepare oneself before entering the trading market?

You need to prepare yourself by learning the basic trading lesson so you will not be confused about seeing the market and knowing how to use the button. After you think you can understand the trading method, you can start trading but do not try with too big money, especially if you do not know much about trading. You need to learn many things before entering the trading market, as when you are in the market, many coins can tempt you to buy without you know if that coin can increase or if that will be a good time to buy that coin.

It's a good thing that after you have learned the basics in trading, you have to indulge in real trading with a minimal amount of capital. Experience will help you further your knowledge and develop your own strategies that will definitely work on you. Having a positive mindset and a long stretch of patience are very important also so you will last longer in trading. Just don't expect that trading itself is a rich quick scheme so you won't be disappointed. You may endure losses in your first attempts but as you keep on trading while learning, you'll eventually learn your own strategies on how to be profitable.

[adzino]

What is the best strategy to prepare oneself before entering the trading market?

Gain knowledge. Get to know the market. Learn about the risks and be prepared to make losses. See how the market was the past few years. Select a good platform. Learn about the platform. Get used to it. Next start small. See how you are doing. You will make a lots of mistakes. Keep learning from them and avoid them in the future. Once you are ready, go big (or slowly increase the amount of time and funds you are investing).