Steps before getting into trading

[amirahmed]

What are the first few steps before getting into trading?

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[Potato Chips]

What are the first few steps before getting into trading?

Answer: Read the replies to the many threads you started

1. Understand trading

What are the most recommended methods that one could use to Understand trading?

Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.

2. Before getting into trading

When one first enters the trading game, it is most often challenging to know how to prepare for it. Even if it is an appealing approach to increase profit, it would not be as fruitful as one may imagine without a fundamental understanding of the basics and a few preparations.
How should one prepare before getting into trading?

3. online course for trading

What are the things to keep in mind when looking for an online course for trading?

4. Before getting into trading

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

[palle11]

You seem to have opened many of such thread and for whatever reason only you know that. If you go through all the responses to all the threads you opened you will definitely find answers to your trading questions instead of spamming the board, it looks boring to do that.

You should rather bring up a real trading challenge that you want to solve or you are going through.

[Hippocrypto]

What are the first few steps before getting into trading?

Before getting into trading, it is very important that you have the knowledge and you know everything in the market. If you already know it and have the knowledge about it, understand what is trading all about. It is very important that you will listen to an expert before trading for you to understand what the do's and dont's in cryptocurrency and for you to know all the risks you might possibly face when you start trading.

[Ararbermas]

The first steps? Probably make research here in forum what usually newbies ask when it comes trading, because you know many thread already exist with the same question and for sure if you'll check those topics you can easily obtain more information because many users here in forum already answered these kind of questions. Just invest time if you're interested.. 

[carrigan]

Before you step or enter into trading, you must really understand the basics of trading and others. Second, you also have to be able to control your emotions well because trading is closely related to time and fluctuating markets that can drain your patience. Third, try trading using a small capital so that if you experience a loss, you will not lose a lot of money. In addition, by starting small trades you can directly deal with the market and practice using strategies, maybe this can be called the practice of the theories that you have learned. understand beforehand.

[tbterryboy]

Mate, if you want to be a trader you should simply learn about trading, there is nothing like so many steps in being a trader, and moreover I don’t see the need for opening so many threads, even if you were not getting replies immediately, you should have had patience and waited for people to reply and if they don’t, you can then go ahead to create another thread.

You just have to learn about trading, I believe if you search for YouTube videos there are plenty of them that would teach you how to trade and how to do market analysis and know what options to go with (when to buy and when to sell). I don’t see anything much there, unless you’re now looking for advice – then I’d say learn the risks and avoid being greedy when you’re trading.

[milewilda]

What are the first few steps before getting into trading?

1. Learn the basics/terminologies and other basic tools and other things
2. Make use of small capital when testing out
3. Get experience from real engagement
4. Create analysis
5. Good risk management
6. Good control of emotion
7. Dont get easily affected with FUD
8. Dont rely or react too much with News

and lots of more.

You would definitely able to learn up the rest when you do have gained
experience.

[teosanru]

What are the first few steps before getting into trading?

Just similar to the steps that you have to follow before entering any new business, first of all you have to start with learning the skill set required for trading, this should include technical analysis, risk management and wealth creation. Apart from these get yourself familiarised with the environment using paper trading or mock trading and then start with a small capital which you can afford to lose. Connect with other traders and learn from them don't copy their strategies as it is but inculcate something from their strategy into your trading. Also learn emotional control which is the most important thing in all this.

[el kaka22]

The greatest thing you could do is to convince yourself that you are not going to do something that is totally out of your reasoning. A lot of people lose money because they do something that doesn't make any sense, if you know what you are doing then you are going to be basically working overtime to keep yourself from making any stupid mistakes since that is the only way you could lose money that you could prevent. Sure the market could go up and down against what you did and you could lose money and there is nothing you could do to keep that going.

However at the end of the day, we are talking about something that is preventable, you making decisions based on your emotions is not how you should be trading. The moment you let your emotions take the wheel, you are going to end up losing a ton of money and there won't be any return from that in the future.

[Lordhermes]

There are several steps to take before getting into trading.Trading is not a thing you just rush to do,it's not a thing you will put all your mind on while doing it,because if you do that,when you'll loose,it might give you high blood pressure.Any way,before you indulge in trading,here are some of the things you should try to do:
Making personal research about how trading goes.
Make research about the coin or project you want to buy.
Ask questions from people that are experienced in trading.
Have a guild on how to trade without loosing.
Put a little money at first.
If these things can be followed,I bet you won't pass through what some persons passed through when they started.

[tvplus006]

What are the first few steps before getting into trading?

In order to start trading, you must have basic knowledge about trading and, of course, money. And if you master the first, then you should turn theoretical knowledge into practical knowledge. To do this, it is best to use a small deposit, thereby limiting your risk, since most likely you will lose it.

[Reatim]

What are the first few steps before getting into trading?

you have already created almost similar thread about trading and the answer in this one has already served on that first thread of yours here

https://bitcointalk.org/index.php?topic=5366639.0

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

Please focus on this question because more than 50 posts had already there yet you created another thread here.



But for your own attitude in trading , Never become Greedy that will save you from everything bad that might happen.

[King Raymond]

* Firstly, you should understand that trading outcome is unpredictable, can be profit, can be loss.
* Always check out for market conditions, authenticity, risks, etc of coins before purchasing.
* You should have spare cash, and ensure whatever you are trading with, you'll can bear if you lose.
* Don't ever attach emotions when trading.
Don't try to be greedy
* Seek information from experts
* Lastly, understand that this doesn't guarantee a 100 win on all trades.