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Author Topic: Before getting into trading  (Read 740 times)
Lordhermes
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November 03, 2021, 03:30:18 AM
 #101

Before going into trading,you must be able to have a certain amount of money you want to start trading with,and after that, you start making research on the things you have not known about trading before, learn from people's experiences.
Have a particular strategy you use in the trading,so that you can avoid some possible lose.
Invest with few amount of money at first.
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November 03, 2021, 06:14:04 AM
 #102

Before going into trading,you must be able to have a certain amount of money you want to start trading with
Required capital is something I never noticed anyone in this community have mentioned as one of the important thing for getting ready for crypto trading; probably even it must be most essential one and also you may get into trading with $1000 capital or $10 capital, you need to choose your trading volume according to your capital so I guess this is the reason no one is talking about it.

the most important thing in my opinion is to know a lot of things from the experiences of friends or people who trade first.
It would be really helpful if someone is ready to share their strategy and experiences with us but unfortunately most traders are always busy hence we cannot get their appointment for such a knowledge transfer. Practically such a help may be possible only for few lucky traders.

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November 03, 2021, 09:06:19 PM
 #103

Before getting into a trade i believe you should should have a basic knowledge about cryptocurrency if you can't take a course you should have someone that will put you true, cryptocurrency is not really as easy as the way people think they can just buy a coin and after few hour's or days they will be in massive profit which is very wrong cryptocurrency trading involves money which with out basic knowledge you might endup losing your money so I believe taking a course is really necessary.

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November 03, 2021, 09:37:51 PM
 #104

Before going into trading,you must be able to have a certain amount of money you want to start trading with,and after that, you start making research on the things you have not known about trading before, learn from people's experiences.
Have a particular strategy you use in the trading,so that you can avoid some possible lose.
Invest with few amount of money at first.

Yes, you need to have that if you are aiming for good success, form this venue of business, without knowledge you are just doing things like gambling and that's the worse thing to do within this field of investment, but, with knowledge, you have all the advantages, knowing the timing and the right sets of assets to invest would give you decent profits.

More on how you project and how well you are in doing your homework, things are hard but with good determination, the outcome most probably will favor you.  Cool

Remember that it's your hard earned money that you will going to use, take a bunch of care and be selective with your chosen assets Wink

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November 03, 2021, 10:18:25 PM
 #105

I don't think it's necessary, it's enough to know the basics of trading by learning through several sites that discuss trading, but the most important thing in my opinion is to know a lot of things from the experiences of friends or people who trade first.
Sorry, I don't really agree with this.
Kowing the basics of trading is very important, at least we know the basics. If we only pay attention to our own experiences or the people's experiences, it may be different from our own condition.
Many people are following others in trading and they do not really understand what they are doing, they are only following other people's experiences in which they are different from the newbies.
I will suggest learning at first, basic knowledge is very important to make us learn more again to the other knowledge.

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November 04, 2021, 11:44:17 PM
 #106

Is it really necessary to take a course before getting into trading?
See Trading is a sector where you can't control everything by reading books or video conferencing if you want to. There are many traders who may face losses while trading despite having two to three years of experience. So it is never right to be sure that you will get a hundred percent profit with trading.
Luqman
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November 04, 2021, 11:47:09 PM
 #107

Is it really necessary to take a course before getting into trading?
You don't need a trading course. You can learn it yourself by learning it from various sources. There are already many sources that provide information about trading, especially basic information about trading. Just learn it seriously from those sites, everyone can get enough knowledge about trading.

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November 04, 2021, 11:56:12 PM
 #108

Is it really necessary to take a course before getting into trading?
You don't need a trading course. You can learn it yourself by learning it from various sources. There are already many sources that provide information about trading, especially basic information about trading. Just learn it seriously from those sites, everyone can get enough knowledge about trading.


It is easy to learn the basics out from the internet but this couldn't be enough to make a good trade. It is better to have a mentor that would teach and guide us but refrain from joining signal group, a friend of yours, might be your relatives or someone you know already. Might not be necessary but to learn trading alone is really hard, honestly.
For a lot of sources online, it sometimes made you confused on what strategy to follow or not. But I suggest having an actual trading experience as this could give huge learning which is far different from what we have read and watch online.

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November 05, 2021, 01:16:56 AM
 #109

Is it really necessary to take a course before getting into trading?
You don't need a trading course. You can learn it yourself by learning it from various sources. There are already many sources that provide information about trading, especially basic information about trading. Just learn it seriously from those sites, everyone can get enough knowledge about trading.


Exactly,trading does not require getting knowledge  from a particular source,it needs a research that is scattered,getting ideas,knowledge,informations, and experience from different sources.
One needs to understand that trading is a mind game,something that you must determine to take it as you see it,because the market is unpredictable,if the strategy used is not well planned or organised,there is every tendency that you will loose money easily.
Before getting into it,you must plan,strategise,read,make research and take the risk by investing.
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November 05, 2021, 02:01:28 AM
 #110

Is it really necessary to take a course before getting into trading?
You don't need a trading course. You can learn it yourself by learning it from various sources. There are already many sources that provide information about trading, especially basic information about trading. Just learn it seriously from those sites, everyone can get enough knowledge about trading.
Thats true. If you are really determine to learn its not going to be hard because almost everything that we need to know about trading is already available on the internet.

There's no need to pay and take a trading course since you can learn all of it by taking an effort to educate yourself. Then you'll be used to it if you already gain experience, thats how you can succeed as a trader.

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November 05, 2021, 06:43:41 PM
 #111

For me I believe if you are new and you want to start trading I believe is really necessary you go true some online courses, because cryptocurrency trading is not what you can just start easily you have to have basic knowledge or you might endup losing your money so before you star trading make sure you have basic knowledge about what you are going into or you might lose all your money.
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November 05, 2021, 11:48:26 PM
 #112

For me I believe if you are new and you want to start trading I believe is really necessary you go true some online courses, because cryptocurrency trading is not what you can just start easily you have to have basic knowledge or you might endup losing your money so before you star trading make sure you have basic knowledge about what you are going into or you might lose all your money.
This is an individual's choice either to take online course before getting into trading, or just be resourceful enough because a lot of resources are available online and you just have to do hard work by making good researches online and study them all all throughout the preparation. If you also want to learn how to trade, there are also numerous videos online all about trading which will give you insights on how to start a trade and end it up successfully. Although there is quite difference when you are in real trading, but at least you have gained insights what are the most possible scenarios that will likely to appear in trading. Through this way, you can start building your strategies and skills before getting into real trading and that will give you and edge from others.

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November 06, 2021, 12:05:29 AM
 #113

I don't think it's necessary, it's enough to know the basics of trading by learning through several sites that discuss trading, but the most important thing in my opinion is to know a lot of things from the experiences of friends or people who trade first.
and for the first time to enter a trade, it is highly recommended to bring a small capital to avoid unwanted risks, the best learning is with our own experience. So, that's why when we understand the basics of trading, we can just trade with a small capital from where we will get a lot of learning.

Basic information is already a good start. With only basic information, anyone can now do the actual trading. As long as they know how to place an order, their goal why they trade, and are familiar with the interface of a platform they will choose, they can now test their knowledge.

Advance knowledge, chart reading any other step-up knowledge can be learned without realizing it. Experience is the best foundation that any trader has.
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November 06, 2021, 11:34:45 AM
 #114

Is it really necessary to take a course before getting into trading?
The training course may not need to be taken, but I still advise you to view the YouTube content, in order to study at least the exchange interface and all sorts of strategies, it is imperative to watch the video about the concept of orders, how to trade them and how to work with them.
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November 06, 2021, 11:59:48 AM
 #115

Is it really necessary to take a course before getting into trading?
The training course may not need to be taken, but I still advise you to view the YouTube content, in order to study at least the exchange interface and all sorts of strategies, it is imperative to watch the video about the concept of orders, how to trade them and how to work with them.

Good suggestion.

OP can actually see the way the content creator is browsing the platform. Just an additional tip to OP that if you want to watch a video instead of just reading some articles and other sources, try to include your preferred platform on the Youtube search so that you will end up in a tutorial directly on that platform.

For example, "Beginners trading in Binance" or something close on that search query.
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November 06, 2021, 01:18:56 PM
 #116

Is it really necessary to take a course before getting into trading?
Go to youtube university, you don't need to pay a dime, learn free trading techniques for free and you are good to go. I believe lots of traders just edecuate themselves and yet they are still successful, so just save the money you would use to enroll to learn and use it as your capital in trading.

In trading, experience is very important as it's your best teacher, and remember, you don't need to start big to trade, start a small amount and gradually increase as you feel confident and profitable with your venture.

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November 06, 2021, 01:27:56 PM
 #117

Is it really necessary to take a course before getting into trading?
The training course may not need to be taken, but I still advise you to view the YouTube content, in order to study at least the exchange interface and all sorts of strategies, it is imperative to watch the video about the concept of orders, how to trade them and how to work with them.
Indeed. It may be a big help for you viewing in any websites that surely can give you a lot of information you want such as YouTube and Google. When you Start to trading it needs knowledge for you to understand everything you did. Advance knowledge, chart reading any other step-up knowledge can be learned without realizing it. Experience is the best foundation that any trader has.
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November 06, 2021, 07:41:26 PM
 #118

OP can actually see the way the content creator is browsing the platform. Just an additional tip to OP that if you want to watch a video instead of just reading some articles and other sources, try to include your preferred platform on the Youtube search so that you will end up in a tutorial directly on that platform.

For example, "Beginners trading in Binance" or something close on that search query.
I believe that if you search online and you have no idea who is good and who is not then you may face with fake phony people that will give you bad information and you may end up losing a lot of money. This is why the best case scenario for many people would be to end up with a good suggestion from people who already did such a thing.

This way you do not search yourself to learn and end up with bad people, but you ask people who already did it, found the bad ones, and found the good ones and got good education from it. Obviously there could be some people who shill their own videos or other courses, but it is still a lot better to do something from this perspective than any other. It does allow people to save time and be a lot quicker.

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November 08, 2021, 09:02:49 AM
 #119

Is it really necessary to take a course before getting into trading?


Sure... That's the first step forward to a successful trading experience. Trading isn't as simple as it may appear, so the best thing is to seek and acquire knowledge. Any trading journey without prior knowledge is liable to fail.

Acquire the needed knowledge, practice on demo as much as possible to gain experience. When you're ready for the task,  no one will tell you but you will have the conviction yourself.
Trading is sweet when you get it right.

Wish you a happy trading experience
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November 11, 2021, 03:56:36 PM
 #120

If you want to start trading then first of all you should have to comprehend about the trading. You also have to know about the suggestion and procedure of that project you wish to choose. You can get assistance by watching videos. You should also begin to looking into markets. The most important you have to manage your stress and emotional behavior.

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