Entering the trading market

[nurilham]

the main thing is to make sure our knowledge is enough to start trading, after that we can start with a small capital first. observe every movement made and if you experience failure or difficulty then it can be studied so that it can improve in the future. We also shouldn't be afraid to start trading, don't expect too much profit at the beginning because it's like we are still in the crawling stage, learn well every detail in trading so that in the future it can be even better.

[BruceLee98]

Before entering the market ensure you have done your own research and you have fully gotten important informations needed to help you do your analysis. You have to be well disciplined to make you succeed in the market and remember being patient enough always pays out. Never you try to go against the trend. Do not invest what you cannot afford to lose. Play safe

[Viscore]

Before entering the market ensure you have done your own research and you have fully gotten important informations needed to help you do your analysis. You have to be well disciplined to make you succeed in the market and remember being patient enough always pays out. Never you try to go against the trend. Do not invest what you cannot afford to lose. Play safe

In addition to that, it is also a must that first and foremost, you should prepare yourself to take the risk. Crypto trading is certainly more risky than simply holding so you should develop first trust and confidence so you'll be ready to take the risk. Crypto trading needs more patience and persistency because not all the time things will work out in favor of you. There will always be a market crash every time that is definitely inevitable so you have to deal it more on a positive way. If you think you already developed this, then you can start building your experience.

[Vaculin]

the main thing is to make sure our knowledge is enough to start trading, after that we can start with a small capital first. observe every movement made and if you experience failure or difficulty then it can be studied so that it can improve in the future. We also shouldn't be afraid to start trading, don't expect too much profit at the beginning because it's like we are still in the crawling stage, learn well every detail in trading so that in the future it can be even better.

We can learn more when we are in trading and having the basic knowledge upon entering is somewhat good enough as we can do some adjustment and strategies improvement once we fully engage in trading. A sort of modification will something works and helps to achieve our goal. But of course, it won't be made instantly that is why it is very important to have ample patience in dealing with this as it never works so easily.

[chaser15]

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

Read the basics > Read how to profits > Read the risk

Focus on the risks as that will be your challenge and problem when you enter trading. You won't understand it right away because you need to actually experienced it. Not discouraging you but in newbies days of a trader, mostly lose their money. Without it, they will never learn. That's what you need to take care of. Other lessons can be learned while doing trades regularly.

[TelolettOm]

Hi OP, I see that you have made this post, and you also made another post related to trading.
I suggest you read the suggestions given by the members here, there are many.
The most important thing is that you must learn at first, learning about crypto, the coins that are going to trade, and also other analysis for trading. It is complicated and not easy, that is why you must learn hard for this, then continuing learning by doing after having basic knowledge

[Kimonoe]

Hi OP, I see that you have made this post, and you also made another post related to trading.
I suggest you read the suggestions given by the members here, there are many.
The most important thing is that you must learn at first, learning about crypto, the coins that are going to trade, and also other analysis for trading. It is complicated and not easy, that is why you must learn hard for this, then continuing learning by doing after having basic knowledge

In addition to studying analysis, of course, we must also learn to be disciplined in that analysis. sometimes people find it difficult to accept floating plus, so they are in a hurry to get out of the market, on the other hand, many people are actually resistant when they see a floating minus, with big hopes that the market will rise again

[Finestream]

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

Read the basics > Read how to profits > Read the risk

Focus on the risks as that will be your challenge and problem when you enter trading. You won't understand it right away because you need to actually experienced it. Not discouraging you but in newbies days of a trader, mostly lose their money. Without it, they will never learn. That's what you need to take care of. Other lessons can be learned while doing trades regularly.

Trading will always have its own high risk and you should know how to deal with it. Because if you come into trading without knowing how risky it is, then you will only make frequent losses that is not really good for you, even with anyone else. I suggest that after learning all the basics in trading, start with a demo account first so you will know the reasons why you mostly fail and did not make any profits. In that case, you should start developing your own strategy that will give you an edge. And once you're done with it, then start real trading even with just a small amount of capital at first.

[fullhdpixel]

Your emotions plays big when doing the trade, without good control and discipline you will be moved by the wind inside the market.

Never to act this way, the market is not favorable to traders who don't stand with their decisions, work more harder in reading the flow and make sure to decide only if you are really sure that you completed your study and research. In that way you are saving your investment and you are lowering the risk of your trade.

I guess that picking a lane and going there no matter what is usually something that works great in trading. Of course there are methods which are flexible, just because I said "pick a lane" doesn't mean buy and hold forever or something, it changes from method to method but there are many ones that "if x happens then do y but if z happens then do q" type of situations but at least you know what you have to do. Not knowing what to do and making a decision at that moment is the real killer for traders.

If you do that then you are going to end up with losing so much more money than otherwise, even if your method is wrong that usually means you could recover, but if you act without knowing what you are doing then you are going to lose a ton of money.

[Japinat]

Your emotions plays big when doing the trade, without good control and discipline you will be moved by the wind inside the market.

Never to act this way, the market is not favorable to traders who don't stand with their decisions, work more harder in reading the flow and make sure to decide only if you are really sure that you completed your study and research. In that way you are saving your investment and you are lowering the risk of your trade.

I guess that picking a lane and going there no matter what is usually something that works great in trading. Of course there are methods which are flexible, just because I said "pick a lane" doesn't mean buy and hold forever or something, it changes from method to method but there are many ones that "if x happens then do y but if z happens then do q" type of situations but at least you know what you have to do. Not knowing what to do and making a decision at that moment is the real killer for traders.

There should have an entry plan and exit plan. Once plan A fails, we'll do plan B, otherwise, we have to exit to avoid more losses. And those traders who quite know their plan and executed well, I believe they will succeed, it just to happens that we need to be patient as not all the time the market seems favorable to us (always). If we can't play such a thing, we probably know what will happen to us which I think we should not let happens as our goal is to earn money, not to lose.

[isaac_clarke22]

~

From the bullish market right now, I cannot call that many traders would even call patience in their end. Maybe some experienced ones, but not for all.
Many would kind of be selling right now tbh. 55k rise of Bitcoin is something.

[add1ct3dd]

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

You do not need any strategy if you choose long term holding or investing kind of option in bitcoin markets.

You may need some strategy only if you plan for active trading or day trading. But, you must consider that 95% of active traders are losing money and at the same time, long term holders are easily making 10x profits on every 4 years of holding.

So, if you have plans to start day trading with any of strategy, then you must consider about holding for years for at least 50% of your capital.

[redsun114]

You may need some strategy only if you plan for active trading or day trading. But, you must consider that 95% of active traders are losing money and at the same time, long term holders are easily making 10x profits on every 4 years of holding.

What you are saying is most common suggestion in this forum but still many people are looking for only active trading rather than going by simply easy way of moneymaking. I guess most people are looking for exiting way of moneymaking rather than the lazy way of moneymaking.

But, personally I will prefer long-term holding because I always looking for a sure shot way of profit making rather than risking in something which is profitable only for less than 10% of people.

[milewilda]

~

From the bullish market right now, I cannot call that many traders would even call patience in their end. Maybe some experienced ones, but not for all.
Many would kind of be selling right now tbh. 55k rise of Bitcoin is something.

The price had risen up to 57k which i hadnt anticipated because im expecting for some pullbacks when it did hit 55k and it isnt really bad to make otu some short sell and secure profits as of this moment.
Entering the trading market isnt really just something that you could just be confident because you would just simply lost money if you havent done your thing.
Precision is something always been unknown due to this unpredictable market.You would really be seeing that kind of confusion.

[Xampeuu]

You may need some strategy only if you plan for active trading or day trading. But, you must consider that 95% of active traders are losing money and at the same time, long term holders are easily making 10x profits on every 4 years of holding.

What you are saying is most common suggestion in this forum but still many people are looking for only active trading rather than going by simply easy way of moneymaking. I guess most people are looking for exiting way of moneymaking rather than the lazy way of moneymaking.

But, personally I will prefer long-term holding because I always looking for a sure shot way of profit making rather than risking in something which is profitable only for less than 10% of people.

for long-term trading there is less risk and if the market pumps and takes it at the right time, you will get big profits. therefore we must know our trading style so that it is easy to carry out the strategy according to our personal wishes and comfort

[darewaller]

for long-term trading there is less risk and if the market pumps and takes it at the right time, you will get big profits. therefore we must know our trading style so that it is easy to carry out the strategy according to our personal wishes and comfort

I am sure in this crypto space, most people are into long term trading and also enjoying big profits over the time.
Most beginner in trading space, looks for active trading so that they do assume to make quick and massive profits whereas long term holders may make big profits only after years of holding but ending up losing all the capital. So, rather than listening to personal wishes and comfort, I guess listening to experts and pro traders may help.

Precision is something always been unknown due to this unpredictable market.You would really be seeing that kind of confusion.

When we cannot deal against accuracy then we must need to adopt a strategy which is suitable for our skills. I mean if you analytical approach is not helping you to remain precise then you must need to go for long term holding as it does not demand you to be precise.

[beerlover]

The price had risen up to 57k which i hadnt anticipated because im expecting for some pullbacks when it did hit 55k and it isnt really bad to make otu some short sell and secure profits as of this moment.
Entering the trading market isnt really just something that you could just be confident because you would just simply lost money if you havent done your thing.
Precision is something always been unknown due to this unpredictable market.You would really be seeing that kind of confusion.

I did expect an earlier one, even before 55k. It increased way too much, more than what I expected. I expected it to be around 50k or so and then drop a little bit, not that it won't continue to go up, I was just expecting a little correction before it moved on, it could have reached 57k as it did now, but somewhere in middle like at 50k it would drop to 47k and then went to 57k like that.

Apparently it wasn't something like that and it moved directly higher, I am quite happy about what we have right now and I can't think of any other dream scenario that could have been true. Lets hope that we get to see it break ATH and reach even higher places, that would be even better. I believe enter in right now could be very wild, maybe bad or maybe good but definitely something entertaining and thrilling.

[Zanab247]

You must be bold to face risk whenever trading in the market, to enable you to make a reliable profits from the market. Don't be in hurry to sell your coins whenever others traders are rushing to sell their coins without carry out their personal research about that particular price.
Knowledge of Crypto trading is very important to newbies to achieve before entering Crypto trading in the community, for he to stay longer in profit making. Through the Crypto trading knowledge, there are some things you will not involve yourself if you want to maintain to be part of successful traders in the market.
Try to be humble to your facilitators, when entering trading because it will help you to know some strategies you have never see before in trading. With your humble attitude it will make your facilitators to show you all the strategy successful traders used to be successful in the trading system.

[Cornia]

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

I think this strategy is different for each person. The most common thing is that don't be frustrated easily.  Profit or loss in trading can be anything. But if you get frustrated easily, you will make more and more mistakes. In many cases long waits may be required to make a profit. In these cases you have to be patient.

[jossiel]

I think this strategy is different for each person. The most common thing is that don't be frustrated easily.  Profit or loss in trading can be anything. But if you get frustrated easily, you will make more and more mistakes. In many cases long waits may be required to make a profit. In these cases you have to be patient.

It is a mental state.

But you can't just tell it to someone that don't be frustrated easily because we all have our emotions and it can trigger easily based from our thoughts.

If you're losing the first time, that's tolerable but the 2nd, 3rd and so on. You will really become frustrated about it.