Entering the trading market

[rahmatullah9305]

If you are a beginner, use $50 as your first trade. Then trade with the Spot strategy, you have to patiently wait. if you make a profit of the main amount $50 you are allowed to open a sale, this is your first trade so you should enjoy to avoid losses. The spot strategy is suitable for beginners, and I used this when I was new to crypto trading.

[Alisha FR]

Strategy is born when you deepen your knowledge of the market, you have to practice your own skills. When you start trading, it's best to use small amounts of money. There is no fixed strategy for trading, you must have trading experience so that you can apply the strategy according to your trading style.

[DarkDays]

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

Confidence + Skills = Together it Kills.

That's to say, if you're confident and have some skills you can make it. It is a matter of time, learning and dedication.

Nobody starts perfect but this is why practicing, keeping a detailed record and reiterations are for. As long as you're prepared to put the effort in, you should feel ready. Some people learn only juts by doing so start small and scale with time, confidence and a good skill base. Don't be reckless and watch, analyse the markets, then have patience. That's about all there is to it!

[teosanru]

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

Prepare yourself with basics of risk management, very few people realise this but it's the most important skillset that one could have, risk management ensures that you are never going out of the market due to capital crunch, it will ensure you survive in the market until your learn trading and start earning money, if you don't learn money management and just learn technical analysis, you won't really be very profitable and chances are you'll be out of this market in matter of months.

[yhiaali3]

First of all, you have to know the main rules of the market:
Only risk money you can afford to lose.
Do not trade with all the capital, but try to divide it into at least three parts
The market is green = time to sell
The market is red = time to buy
Patience: You have to learn patience and stay away from greed and fear

[Hamphser]

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

Know the risk and be prepared when it comes into your emotion because volatility is something which you would really needed to strengthen up your  emotional aspect and self will when it comes on making out decisions

You shouldnt really make yourself believe that you could make out easy profits on this market because thats not how the market works.Dont anticipate that this would really go to easy.

Proper risk management and good emotion handling is the key but these things wont really be attained unless you do actually had experienced it.

[Smartvirus]

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

When it comes to trading, no method is best. You've got to come up with your own strategy as what is more suitable for A is likely to be the worst strategy for B. Should 9ne strategy be enough, people would monopolies it and no own would be profiting on trades. So, its really up to you on what works more than the other. Trading is a highly professional field so, you've jot yo give it time and work out a personal strategy to trade the market with. Do that with the demo simulators and when your sure, you could try a real account.

[Issa56]

Before you start trading you should understand what cryptocurrency is all about and how it work's then you should know the best strategy that will work for you learn about fundamental analysis, know when to enter the market and when to leave the market and then always invest what you can afford to lose and always start trading with little amount as a beginner.

[samcrypto]

Before you start trading you should understand what cryptocurrency is all about and how it work's then you should know the best strategy that will work for you learn about fundamental analysis, know when to enter the market and when to leave the market and then always invest what you can afford to lose and always start trading with little amount as a beginner.

This is a good start because many are just buying without even knowing what is cryptocurrency and its purpose, that’s why many are easily get panic and lose their money. If you’re newbie that plans to trade, start by knowing the concept and how it works. We analyze based on technical and fundamental, know these two and you can easily understand the next step which is to know the indicators that can help you on your trading. This will be a long journey and not an easy one for you, if you really want to learn trading start sacrificing your time now.

[breathlessz]

Before you start trading you should understand what cryptocurrency is all about and how it work's then you should know the best strategy that will work for you learn about fundamental analysis, know when to enter the market and when to leave the market and then always invest what you can afford to lose and always start trading with little amount as a beginner.

This is a good start because many are just buying without even knowing what is cryptocurrency and its purpose, that’s why many are easily get panic and lose their money. If you’re newbie that plans to trade, start by knowing the concept and how it works. We analyze based on technical and fundamental, know these two and you can easily understand the next step which is to know the indicators that can help you on your trading. This will be a long journey and not an easy one for you, if you really want to learn trading start sacrificing your time now.

but we also have to know how to use the indicator, because as far as I know not every signal from the indicator can work well. so we have to be able to take that risk. Of course, sometimes we will make a profit, but sometimes we have to suffer losses, and I think that is a normal thing

[worle1bm]

You can try to setup demo trading account and trade in real based system that takes all the market predictions and give you some basic experience that how the trade will go on.Then do all the market research and use amount you are willing to loose and then bear them, never be emotional and risk high amounts.Rest you will learn a lot with your journey in the market with experience.Learn a lot and make some strategies and have sound portfolio that will give your profits also.

[Natalim]

You can try to setup demo trading account and trade in real based system that takes all the market predictions and give you some basic experience that how the trade will go on.Then do all the market research and use amount you are willing to loose and then bear them, never be emotional and risk high amounts.Rest you will learn a lot with your journey in the market with experience.Learn a lot and make some strategies and have sound portfolio that will give your profits also.

Keep yourself knowledgeable and updated not just with the basics but definitely more on the strategies and techniques that will make your trading profitable. Its a good idea that you try first with a demo trading account so that you will be aware on the usual scenario in trading and eventually learn how to end up successfully. Although its quite different when you're in real trading, but experience will definitely teach you how to trade with minimal losses. And start trading even with a small amount since you are more prone to losses at first. Eventually, you will develop your own skills and strategies in trading from your various experiences that will help you develop as a good trader.

[awik p]

You can try to setup demo trading account and trade in real based system that takes all the market predictions and give you some basic experience that how the trade will go on.Then do all the market research and use amount you are willing to loose and then bear them, never be emotional and risk high amounts.Rest you will learn a lot with your journey in the market with experience.Learn a lot and make some strategies and have sound portfolio that will give your profits also.

Keep yourself knowledgeable and updated not just with the basics but definitely more on the strategies and techniques that will make your trading profitable. Its a good idea that you try first with a demo trading account so that you will be aware on the usual scenario in trading and eventually learn how to end up successfully. Although its quite different when you're in real trading, but experience will definitely teach you how to trade with minimal losses. And start trading even with a small amount since you are more prone to losses at first. Eventually, you will develop your own skills and strategies in trading from your various experiences that will help you develop as a good trader.

For beginners, demo trading is very helpful to learn the trading strategy to be followed. but by doing a demo, trading psychology usually doesn't work, so after that we have to start using a little capital to train our psychology in trading, until finally we will find the right strategy for ourselves and trading will feel more comfortable to enjoy

[noormcs5]

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

Research everything on coins that you want to invest, prepare for any outcome you will face on the market and so on.
There is so much stuff to prepare before entering the trading market. Different user have their own way to prepare stuff to trade. See which one works best for you in this forum and try it yourself before sticking it and use it for your own strategy later, people succeed with their strategy doesn't mean you can follow that easily.

In short making a portfolio is important in trading. You should have top 10 coins, high risk coins , low volume coins and few meme coins too in your portfolio. Making a diversify portfolio will help that you gain maximum profits and do not miss out on gains.

[Cling18]

Well, trading is a long process of learning, and entering it with capital wouldn't be enough and might only lead you to losses. The best thing for you to do is to learn and study at least about the basics of trading. You could find lots of resources online nowadays. It's better if you would have complete knowledge about what you will do. Try to cope up with the changes and deal with the study of market analysis.

[wxa7115]

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

You don't need strategy, all you need is enough funds to sustain on trading in order to manage your asset sustainably. Skills should be developed in order for us to cope up with different challenges, but that's normal for first timers to panic and worst is they lost a huge amount of money. Seek guidance from friends and peers who could mentor you for a good advice which eventually teach you different ways to deal with trading successfully.

Everyone needs a plan when they are in the market of cryptocurrencies, if you do not have one then you are going to find yourself on situations you could not foresee and just when you need it the most you will get something called paralysis by analysis.

This happens when people receive too much information at the same time and instead of taking a decision they keep delaying taking the decision so they can gather even more information, however if you have a plan you can take decisions in a split of a second and that is critical when it comes to the markets.

[bitgolden]

Everyone needs a plan when they are in the market of cryptocurrencies, if you do not have one then you are going to find yourself on situations you could not foresee and just when you need it the most you will get something called paralysis by analysis.

This happens when people receive too much information at the same time and instead of taking a decision they keep delaying taking the decision so they can gather even more information, however if you have a plan you can take decisions in a split of a second and that is critical when it comes to the markets.

Planning when to buy, at what price, and when to sell, at what price is the first step to becoming a good trader. You need to know when it drops to X price it means this and that is when you should buy and afterwards when it goes up to Y then it means this and you should sell and all of that even before you trade a single satoshi worth. In order to do something like that, you also need to know about trading and study it a lot because that is how you learn what prices are good, it is not just gut feeling, it should mean something.

Resistance and support levels are very important in this case, if you could buy right at the support level then it could bounce back from there, if it goes down even more and break under support then you can buy at the next support, and same goes for selling at the resistance level as well piece by piece instead of all at once.

[imstillthebest]

best strategy could be learning on how trading works so that you will know what to expect , what are things that needs to be done.
 practice or warming up is also good for preparation before the real session begins  
. it prevents you from getting shocked  , thats good because when your calm you can think and act properly . all these are only a basic strategy but creating a real strategy will come once you already entered the trading arena  .

[Botnake]

best strategy could be learning on how trading works so that you will know what to expect , what are things that needs to be done.
 practice or warming up is also good for preparation before the real session begins 
. it prevents you from getting shocked  , thats good because when your calm you can think and act properly . all these are only a basic strategy but creating a real strategy will come once you already entered the trading arena  .

For me, it will be a good start if you set your positive mindset first before taking into the preparations upon entering the market. Crypto trading is never that easy and you'll be able to take risk more often so at least, your mindset is already prepared. After that, maximize your day through deep researches and even watching some trading videos and learn first hand strategies from a reliable trading platform. The rest will only be learn once your into the real scenario in trading. Its kinda tough in the start but you'll definitely overcome it after few months from learning experiences.

[LUCKMCFLY]

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

You don't need strategy, all you need is enough funds to sustain on trading in order to manage your asset sustainably. Skills should be developed in order for us to cope up with different challenges, but that's normal for first timers to panic and worst is they lost a huge amount of money. Seek guidance from friends and peers who could mentor you for a good advice which eventually teach you different ways to deal with trading successfully.

Everyone needs a plan when they are in the market of cryptocurrencies, if you do not have one then you are going to find yourself on situations you could not foresee and just when you need it the most you will get something called paralysis by analysis.

This happens when people receive too much information at the same time and instead of taking a decision they keep delaying taking the decision so they can gather even more information, however if you have a plan you can take decisions in a split of a second and that is critical when it comes to the markets.

For me the best strategy takes a long time, although depending on the desire and interest of the person is what determines the time, in my case I rely on reading books, and the books I recommend are those by Jesse Livermore, Richard Wyckoff, Malkiel Burton, Warren Buffet, to get an idea of how to analyze the market from the point of view of experience of market speculators in the Stock Market whose teachings are fully applicable to the Crypto market.

For me, this is the best option, and after having read a couple of books by these authors and learning the way they saw the market, learn how the crypto market works, that is, the dependence of altcoins on BTC and to learn to use the tools that the Exchange has to choose very well, for me, that is the correct way to later learn technical analysis, with both analyzes plus the correct use of the Exchange can guarantee greater success.