Entering the trading market

[sammark23]

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

[airdata]

Before entering in Crypto market for trading need to proper knowledge about crypto market, also need experience about coin, chart, volume, supply, market condition, what is the good time for buying, what is the best time for selling etc.       

[Oshosondy]

Use very low amount of money, newbies are more likely to definitely lose their starting money. You will need not to be in rush, be doing easy and learn and have more knowledge that will be experience for you later. One year or two years is not bad for learning, do not put the money you can not afford to lose after you have learn how to trade for a year or two with experience, be very careful of shit coins, bitcoin is enough for trading but other coins like ethereum, binance coin, doge, qtum are not also bad.

[passwordnow]

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

Let's all say that you already prepared for the capital and which cryptos that you're going to buy, hold and trade then I think the next important thing you need to prepare is with your mentality. The risk is too high in trading when you're a newbie, your emotion is your enemy first and second the market. Think about it how will you react on the market's volatility and how you can hold your emotion if by the time you start trading, the market isn't on your favor.

[Maus0728]

@Ratimov has given a fair share of trading guides that anyone who started trading should read.

Step-by-Step Guide for Beginner Crypto Traders - while I know that this is a long read, the article points out all the necessary steps on how you can get your feet wet onto trading.

Also, there "best" strategy you are referring to is an umbrella term which means that there are a bunch of existing strategies that has its own pros and cons. You need to develop your own strategy based on a certain number of aspects(e.g, lifestyle, risk apetite).

The link^[1] below is also a good resources that you can use for your trading journey ahead.
[1] https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

[ipanks]

You need to determine your best strategy. We can suggest using small money to start trading while you learn to trade for more. You can try to analyze any coins you want but do not make a buy order. Just watch the price moves to see how the price will move. If you are sure that you can buy at that price, you can place your order buy and wait until it fills. After that, you can determine what price you will sell the coins and predict how much profit you want. Do not expect to make a big profit at first but make yourself familiar with the market movements so when you know how to trade, you can try to make a big profit. Just do it step by step, and you are fine.

[palle11]

Trading the market of cryptocurrency is a highly risky , but you can't run away from it as it is very lucrative if you do the right thing. The time for entering is not determinable for example, with bitcoin yesterday was almost same price it was today morning but has gone ahead with extra $1,000 to $43,000. You see entering time is not stable for any cryptocurrency so you can't wait for enternity, you can make your chances at any time. This is the time many have been saying bitcoin will rise or bullish and others have been entering and taking profit. It is left for the individual who is ready to take the market risk at anytime. Only trade softly with smaller risk.

[tbct_mt2]

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

Think about yourself first.

If you feel that you don't have patience, you are not good for trading.
If you do things emotionally, you are not good for trading.
If you don't have solid income, and have to rely on trading to earn income, don't trade.
If you don't have own capital and have to borrow to trade, don't trade.
If you are not in crypto market a few years, 2 years at least, don't trade.

The best is invest your money and get experience in the market more than 2 years. When you experience the market and understand how it is manipulated, you can use 5% or 10% of your capital for trading.

[Wexnident]

Prepare to lose. A lot. Experience speaks best really on how you would actually trade money, after all, no single person could possibly bear the fact that they could lose all their investments in a single moment, especially since we're talking about the crypto scene here (unless you're a rich kid somewhere who throws it like it's nothing). There's gonna be a roller coaster of emotions, a lot of it and you're probably gonna want to hate yourself or something for losing a trade you could've profited a lot from, but that's pretty normal, so I'd really suggest honing your mental fortitude.

[john_nautica]

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

What do you mean what strategy? or you mean just preparations before entering the market, first of all you should know what you are doing you should know how to read the market and what's the current status of the market.

If you know the status or what is happening on the current market you would be able to formulate your own strategy in order to have profit on that trade. So it depends on the status of the market what kind of strategy you are going to use and it depends on you what kind of strategy you are going to do to once you enter the market.

[tbct_mt2]

Prepare to lose. A lot. Experience speaks best really on how you would actually trade money, after all, no single person could possibly bear the fact that they could lose all their investments in a single moment, especially since we're talking about the crypto scene here (unless you're a rich kid somewhere who throws it like it's nothing).

Trading is not easy if the target is earning net profit, not short term profit. Because short term profit is unsustainable and at the end you can end with loss.

Learning the psychological market cycle is very important but you can not learn it from infographics. You need to have experience in the market and it takes time. 2 to 3 years and the best is more than 4 years in the market.

[Rajamuda]

The important thing that must be fulfilled, basically we are able to read price movements in the market from time to time, and prepare a plan or strategy, even a backup strategy to deal with several possibilities that occur in price developments in the market.
Another one.. controlling emotions is very important when seeing prices are in a downward phase.

[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.

[Questat]

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.
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.

[The Cryptovator]

If you read a few threads from the trading discussion board you will get a few ideas about trading before entering the trading market. So first of all you have to avoid laziness before entering the trading market. Otherwise, you can't learn anything. Trading isn't soo easy that you are wondering. Before entering on the trading learn more ad much as you can. A lot of things are related to trading. Prepare yourself for loss at the beginning. Because you can't expect profit before learn. So you must start with a small amount to avoid a big loss. Once you think you already gain enough knowledge about trading then start with big funds. Spend time to learn. And there is no alternative of patience on the trading.

[ethereumhunter]

The best strategy before you enter the trading market is to learn as many lessons as possible so you are ready to enter the market and know how to analyze because if you can not do that, you will not make a profit. You need to decide to make bitcoin trade or altcoin trade and try to search for the right time to enter because sometimes when we want to enter the market, the price is high, so we need to wait for a while until the price is down. You do not have to be afraid of losing money in trading because if you can learn from your mistake, you will know what you need to fix and prevent that in the future.

[noorman0]

But the funny thing is, previously you have given trading advice in someone else's thread and now you are asking the same problem.

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.

If I was a novice trading I would avoid paid course services. There are many places to find the best and free trading material on the internet, and this forum is a great 24-hour consulting place to discuss my trading progress.

And I understand now the reason you're asking is this:

Code:

https://trustinst.com

learn trading online

beginners online trading course

investment courses for beginners

Nice disguise, but still predictable

[DarkDays]

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

Entering the market is not rocket science.

All you need is a sound knowledge of the markets, sound knowledge of how crypto works and most of all sound knowledge of common spam strategies which often involves giving money away to somebody.

Then need to start with an amount that you're happy to lose, and then use that to build experience. Once that's done and you see you can get profit you can get to the next level which typically involves moving more money.

But don't start any of this if you're one of those people who say they don't have time to learn.

[RiskySanchez]

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

Don't forget to read the market situation and news globally because that's how you know market conditions. If you understand technical analysis in general terms such as Bearish, Bullish and sideways you can already try trading in the market, Never guess something you don't know try to read the market more carefully and try trading with low money

[SquallLeonhart]

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.
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.

That is because they fear missing out. FOMO is a real thing and people get in as soon as possible because they want to make profit from crypto and they see others do it so they assume they can do it as well. They do not realize that most of those people have been here and learned how to trade and got lucky sometimes as well, like trading during bull market or even investing beforehand means you could make a killing in the market and make a huge profit, as much as 10x in span of half a year, but that is not something veteran traders do constantly, that is something we just do sometimes and not at all times. Newbies do not realize this and they jump in right away thinking they could get rich.