Entering the trading market

[Tessnik]

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

The first thing is to have good analytical skills and developing trading skills this is the two important keys to trading if you can be able to analyze the market properly it will help build your knowledge on the direction that the market will go and when to buy a token and when to place a sell order. And also having working trading skills will help build your confidence and ability to choose the right pair to start trading with.

[Cryptoababe]

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

The best thing to note before to prepare your self before entering the trading market is to make your self understand that you are about to risk some of your money and you are not gonna put in high risk and not gonna risk the amount than can affect you.

[Hobo66]

Before entering the trading market the person should have to know about the timing, kind of trading, planing and other things which are necessary to get profit. They should have to take start by using tiny sum of money. Because the are new in trading so it is hard to get profit without knowing anything. You should choose your way of buying and selling by keep your emotions away.

[Alisha-k]

Every man for himself, my strategy may not favour you and yours to may not favour me. If you're going to go into trading, you should discover the best strategy for yourself, only you knows best how easy it is for you to adapt to changes.

But you should be able to have acquired enough knowledge before you're able to start trading probably.

[LastKiss]

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

Education is one the best to guide you before entering the trading market, if you have a friend who has experience enough to teach you or to guide you before entering the trading market will be great. Also prepare some money that you can afford to lose before starting trading it will help you to prevent any emotion burst 

[fullhdpixel]

Education is one the best to guide you before entering the trading market, if you have a friend who has experience enough to teach you or to guide you before entering the trading market will be great. Also prepare some money that you can afford to lose before starting trading it will help you to prevent any emotion burst  

Gaining knowledge from your friend must be a good idea but you need to be careful because what you could learn from your friend must be comparatively lesser knowledge than your friend's knowledge on crypto trading which is reason we must go for generalized resources rather than depending one or group of people.

Just educating yourself alone will not be sufficient for successful crypto trading. You must go for practical knowledge as well which is possible when you are entering into live market of bitcoin. So, you must need to arrange some capital for live trading experience which is more important for gaining knowledge on all aspects of crypto trading.

[blockman]

Education is one the best to guide you before entering the trading market, if you have a friend who has experience enough to teach you or to guide you before entering the trading market will be great. Also prepare some money that you can afford to lose before starting trading it will help you to prevent any emotion burst 

I think it's better to have that mentor of yours that you know personally. So the chance of fooling and shilling you is quite low and you have someone to go if you don't know what to do. They're likely more honest than those courses and teachers that you might find online. There's the integrity that's very important to know for those type of people because once they fool you, you'll never going back to them and you're already aware of what type of people they are when someone approaches them and asks for help.

[LUCKMCFLY]

Education is one the best to guide you before entering the trading market, if you have a friend who has experience enough to teach you or to guide you before entering the trading market will be great. Also prepare some money that you can afford to lose before starting trading it will help you to prevent any emotion burst 

I think it's better to have that mentor of yours that you know personally. So the chance of fooling and shilling you is quite low and you have someone to go if you don't know what to do. They're likely more honest than those courses and teachers that you might find online. There's the integrity that's very important to know for those type of people because once they fool you, you'll never going back to them and you're already aware of what type of people they are when someone approaches them and asks for help.

I think that in the same way if you educate yourself you will have a very difficult criterion that another comes and tells you lies or tries to sell you smoke, when there is a learning given thanks to books, it is a knowledge that will not be taken from you by anyone, keeping this in mind. The more you know, the brain itself will demand more knowledge and there is something very important in speculative markets and that is that the more you know that translates into making more money, and everyone wants to make money, so the best initial investment is knowledge. to be successful in trading.

[iv4n]

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

Education is one the best to guide you before entering the trading market, if you have a friend who has experience enough to teach you or to guide you before entering the trading market will be great. Also prepare some money that you can afford to lose before starting trading it will help you to prevent any emotion burst 

Of course, it's easier if you have someone close you can learn from... that can save someone from making many mistakes! Also, I agree with the "money part", it's better to prepare some money and to try to practice right away, it's much better than "demo versions"... I think that learning by doing is the best option, people who enter in trading now should just be careful to not trade with some big amounts, don't do that before you are totally sure how to trade!

[Zanab247]

1) Remove fear: Fear is a something you must not use to enter trading no matter how small or big you are in the market. Fear cause people to make little profit from their investment.
2) Facilitator : Having a facilitator before going into trading in the market will be a favourable ideas to such trader because all you need to know about profit making in the market, facilitator are there to make you understand and to make sure you do not experience loss in your trading.
3) learn how to be patient: Patient is another thing you must learn before entering trading in the market. Those traders that in hurry to sell base on the price of a particular coin just increase not knowing that the price will still increase higher before selling. 

[lixer]

Facilitator : Having a facilitator before going into trading in the market will be a favourable ideas to such trader because all you need to know about profit making in the market, facilitator are there to make you understand and to make sure you do not experience loss in your trading.

I have not heard anything like this before. Do you refer mentors? I guess appointing a mentor or subscribing to such a services may not be affordable to all beginners which is the basic hurdle in this. But, you may get such a guidelines from your friend or colleague which must be enough for beginning days of crypto market trading.

I think that learning by doing is the best option, people who enter in trading now should just be careful to not trade with some big amounts, don't do that before you are totally sure how to trade!

Demo trading or live trading with small capital kind of practices are always famous as one of the best methods to enter in crypto trading but without learning the basics, this practicing will not help anyone for sure.

[pgbit]

Having the most important in trading is the knowledge about trading, which you need to know from even different websites and YouTube videos of top traders, and another most important to know is the way how a trader behave when the coin he bought is going to loss matters a lot, that's why it needs proper attention.

[sherenikaw]

The first is of course sufficient knowledge about trading, after that new practice and experience. sufficient knowledge about trading includes how we can understand and also analyze the market to be able to determine the right time to sell or buy coins. That's a very important thing so that we don't just make transactions without looking at the market. most of those who fail to trade one of them because of panic with the ups and downs of the crypto market. That's why as I said the importance of knowledge before trading.

[aquafinewater]

Risk is a component of crypto currencies, so investing only what you can afford in case of a loss is suitable, but if you know how the crypto work and what's news affect on market and most important need to know Technicall analysis then we can make money in crypto market

[Dewi Aries]

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

Best strategy for me is what to do when market suddenly move and made us lose. In future then i set stop loss, in spot then i prepare my emotion to not get panic. Although in future is same, but future need us to move faster than usual to execute market before it get worse.

[barbara44]

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

It is simply for you to learn, and nothing else. If you’re going to be a day trader, then you have to learn everything that trading is all about and get yourself prepared. Then the next thing for you to do is to raise funds for it, and have it at the back of your mind that any fund that you’re going to be investing in cryptocurrency should be funds that you are ready to risk in the market.

You should try to understand the risks that are involved and build your mind to be ready to take all these risk, because I’ve seen a lot of people who really freak out because of losing money in trading, and you won’t like to have such experience. So, it’s good that you know about it before you start trading, and as well prepare yourself.

[dimonstration]

Before we get in into trading we need to always open our mind with the possible loss because in trading we can earn or loss anytime of the day. We must gather some information from the market and from the people who are expert on the trading field to avoid lossing. However we can still expect loss because lossing is a part of the traders life specially when you are a newbie.

That is why there is a need to put stop loss so when tge market is not in a good track we can still secure at leadt not to lose alot in trading. We often disregard putting stip loss when we trade especially if our goal is for long term investment butvthere are instances that we can not control or monitor the market every now and then so better be ready and set amstop loss to just have a minimal loss when the market declines. There is always a time though to buy back when price seems going up again.

[JunkieMiner]

In a huge or private company one of the most mind boggling parts of corporate life is the technique of entering another market.
Regardless of whether it is an internationalization undertaking to venture into the unfamiliar market or an expansion project interface with an absolutely new market for the business make a top to bottom examination of the new market to permit the organization to effectively overcome it.

[tygeade]

Before we get in into trading we need to always open our mind with the possible loss because in trading we can earn or loss anytime of the day. We must gather some information from the market and from the people who are expert on the trading field to avoid lossing. However we can still expect loss because lossing is a part of the traders life specially when you are a newbie.

That is why there is a need to put stop loss so when tge market is not in a good track we can still secure at leadt not to lose alot in trading. We often disregard putting stip loss when we trade especially if our goal is for long term investment butvthere are instances that we can not control or monitor the market every now and then so better be ready and set amstop loss to just have a minimal loss when the market declines. There is always a time though to buy back when price seems going up again.

Stop loss is a key factor in every day traders work, but unfortunately there are newbies who do not realize this because they are new, even maybe not even know that it exists which is one of the biggest problems. However, if you are a long term investor like me then you do not need stop loss at all, you could literally just wait for it to recover and you will be fine.

I hope that the best case for all of us would be to reach to a level where we could end up with something similar to this level of patience because we already made enough profit. This is why I keep saying that if you invest any amount, and then do 2x, take out the profit you did and trade with that, and keep the rest in long term, you could even do 10% just to make sure you get good at it first. So, if your 100 dollars stay long enough and turn to 200, keep 180 long term and use 20 to trade. That could look like a small amount but just arrange it according to how much you have.

[Hobo66]

There are lots of things that one have to keep in heart and mind before starting the trading. You people know very well that to be successful you always have some previous experience and also some kind of abilities that can make you wealthier. So if you have to enter in this field then first gather understanding about trading then choose your portfolio after that select the amount which you want to put in trading.