Entering the trading market

[CryptopreneurBrainboss]

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

The best strategy has to involved getting yourself equiped with the right information and tools for a profitable trade. Already you should be familiarize with the trading environment before wanting the start trying for real and that can be achieve with some demo trading or classes as suggested by users who have written above me when you have gotten the basic tools ready, you can then work on your emotions.

If you don't or can't have control over your emotions than you shouldn't start trading until you have mastered that. Not minding how good you're with the charts and giving accurate predictions of market movement, provided you can't control this basic emotions of the market like fud and fomo, you'll end up losing.

The market place is no play ground for unprofessionalism, you have to be very professional if you want to market profit, having your capital available and having a trading plan is also vital.

[1715331983]

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[1715331983]

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[1715331983]

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[1715331983]

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[RealMalatesta]

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.

Unfortunately there will be a lot of people who will get out just because they fear the market. That is something that would be impossible to stop and the market will always have that type of people. We need to educate people a lot more on the drops and how they are normal part of the market, however it will never be enough and there will be a lot of them, we may drop the amount maybe but not make it zero.

All those people who think they could get rich overnight are the people who run away, so we could find them in anywhere, if we could convince them not everyone makes profit back to back constantly and 10x their profit in half a year every year then we could maybe convince them not to sell as well. Entering the market is a dangerous thing, if you get in and hope for a profit constantly then you will be scared as soon as the prices drop as well.

[kawetsriyanto]

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

Firstly, trading doesn't only need money as capital. Money can be further considered after:
- having enough knowledge about crypto trading, at least the basic and also some knowledge also about trading in certain exchanges.
- Be ready for you emotional because most people are started to attract in trading because of being greedy or willing to be rich very quick
That is why you must be ready that trading is not only about making profits but also some probabilities of losing as the risks.
- Having good knowledge about the trading management
- Considering how much will be for trading, it means that we implement the fund management very well when trading, deciding what kind of trader we are.

[goinmerry]

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

Read the basics, read beginner's advice all over the internet, watch some tutorials on Youtube.

After that, try to apply your knowledge to actual trades to better understand those tutorials and guides you will encounter. Expect losses as it's impossible to learn trading overnight. You really need to prepare yourself to spend more money at first.

Lastly, trade everyday until you will be used to doing it. No need for books and guides now as you can now create your own strategy.

[wxa7115]

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).

One thing that always surprise me is that newbies expect to come to the most competitive profession in the entire world and expect to win with no preparation, most of the time the difference between those that win and the ones that lose is their preparation.

The long term loser does not put a lot of effort into becoming a trader and the few hours they take to work in their strategies to trade the markets are invested in the wrong topics and acquiring wrong information, the ones that become successful not only like to earn money from the markets, they like the activity itself which gives them the possibility to invest more time in it and increase their skills at a faster rate, and if this effort is sustained then soon enough they will become part of the elite which can earn profits in the market consistently.

[Hippocrypto]

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.

[boyptc]

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.

You still need a strategy. It's a plan that must be executed after having the funds that you're going to use as your trade. Without a concrete plan and strategy, your chance of losing it is high because you'll just trade according to your will.

And that's part of the strategy, to hone your trading skill.

[freedomgo]

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.

Even small funds will do so you can prevent a huge amount of loss when things don't end up as you've planned. Trading is risky so it will need also a very positive mindset that will help you to get up through and through especially that if you're a newbie in trading, you will mostly lose in your first trading experience. Your skills and strategies in trading will just develop along with your various experiences. Just keep your faith in yourself because you won't need to trust others but only yourself.

[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.

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.

But unfortunately, that is not the same as their reality because a new person in trading can become rush while they read many news on social media that suggest them to buy a coin. If they can hold on to that and not trying to buy a coin without analyzing, they will not make a mistake and will still run with their plan. It needs more attention from them and needs more experience to stay calm and have a positive mindset reaching their goals. If they can enjoy the process and still learning, I am sure that will be a matter of time for them to become a pro trader.

[carrigan]

Before you enter into trading you must really understand the basics of trading. Second, learn to control emotions well, because trading will drain your patience. After you have gone through these two things, start trading with a small capital first so that when you experience a loss you will not lose a lot of money. In addition, if you have started small trading, you can also learn to analyze the market and make strategies for dealing with the market.When mistakes and losses occur, you can also learn from these mistakes to be better at the next trade.

[XCANA]

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

One will need nothing a good knowledge of what trading crypto currency is all about and to be a successful one. Some of my colleagues here must have one or two factor that are necessary for you to become a successful and trader which I believe all centered technical analysis and fundamental analysis of the market. If one should asked where can one learn the technical analysis then I will suggest babypips.com will help you to know more about chat, candle stick formation, when to place market and when sell out at profit.

[LUCKMCFLY]

Currently there are many ways to enter the market, in fact it is very fashionable to enter the coins that are in whitelist mode to enter the presales, especially for the NFTs, and once if you can enter the presale when the sale goes out public, you can earn a lot by selling, the only problem is getting into projects that are legitimate and apart from whether or not you are lucky enough to enter the presale.

This is the easiest way I have found outside of the traditional way of trading. Of course, if you want to enter a safer market, it is better to follow the currencies that can give a good return, such as BTC, ETH, and the first ones that are at the top of CMC.

[Peanutswar]

There's no really best strategy when entering the market of trading all you need is depends on your knowledge, experience and understanding of how it works. This is the reason why we need to have a full potential to make it into a trading market, knowledge gives a lot of things we can use in another set of trades. Too hard to give advice to people regarding their different and own strategies because it might not apply to yourself. Base on my experience in trading i just use only one to two trading indicators to give signals, and a limited amount into cross trades. Regarding the con I highly recommend the bitcoin and eth those top coins of course there are different coins but before include on it DYOR.

[hodlvalley]

The first step of entering any type of market is always to educate yourself. Make sure you understand the risks involved, the basics and fundamentals of the asset class, how to interact with assets etc. Without this key information you will be fighting a battle not in your favour.

[sana54210]

There's no really best strategy when entering the market of trading all you need is depends on your knowledge, experience and understanding of how it works. This is the reason why we need to have a full potential to make it into a trading market, knowledge gives a lot of things we can use in another set of trades. Too hard to give advice to people regarding their different and own strategies because it might not apply to yourself. Base on my experience in trading i just use only one to two trading indicators to give signals, and a limited amount into cross trades. Regarding the con I highly recommend the bitcoin and eth those top coins of course there are different coins but before include on it DYOR.

Patience not only beforehand but afterwards as well. I have always said the same thing, study it on your free time for 6 months, learn about it on youtube, on reading, on course and many other things for 6 months and take notes to a clean notebook, fill it with all the information you need, from charts to candles to every single detail, every word that is brand new to you or just trading related, and after that 6 months start trading with demo account somewhere, not real money but the real market, so when bitcoin goes up in real life then it goes up in the demo as well, trade there for another 6 months and you will be ready for your real life trading.

This is just for one full year and you haven't even traded a single coin, you can buy bitcoin and ethereum and put them aside for a whole year during this time if you want, not trade them but just invested because they may go up, they almost always do.

Afterwards start with small amounts, trade and when you profit get out, when you see them go down just DCA and wait long enough so that you do not end up selling for a loss, keep doing this for years and one day you will realize that you are great at trading.

[otundebis]

Cryptocurrency market is unpredictable and filled with surprises, what you need to do before you start trading is to understand your trading objectives,  what do you want to achieve and how long,  in your estimation based on your skills and experience do you think it will take you to achieve your goals! You then need to break down your trading according to your plan!

[PhucS]

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

This market has a lot of risks but it can also be very profitable for you. Before joining, I think you should take some time to learn and understand the knowledge related to crypto, charts, factors that affect value. Do not listen to any group of signals, you should only refer to that information. Because you are a newbie, you should start with a small capital to familiarize with the market. You can increase the capital after you have experience

[Wawa2013]

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

This market has a lot of risks but it can also be very profitable for you. Before joining, I think you should take some time to learn and understand the knowledge related to crypto, charts, factors that affect value. Do not listen to any group of signals, you should only refer to that information. Because you are a newbie, you should start with a small capital to familiarize with the market. You can increase the capital after you have experience

Knowledge is an important thing to have before deciding on crypto trading, if we don't understand how the crypto world works. It only causes us
to lose money if we directly trade crypto, just learn all things related to cryptocurrencies. After that, we can choose a trusted trading place and
choose a top crypto for trading, then for beginners it is better to start with small capital first. So that if we experience a loss it can be considered
as learning money, because the first time trading, we must make some mistakes first. Then slowly we will learn to correct the mistakes we make,
after that usually we will find a very effective strategy.

[sulendra12]

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.

[arbifahrozy]

For newbie this discussion is quite favorable, because he have to learn all the trading strategies before entering the market, the market is volatile now a days, some traders need daily strategies for the day trading, while some other people needs to know about the long term plans, they have long term plans for the trading which they need to fulfil as well.