Keys to crypto trading

[Rockstarguy]

Beginners should also get aware that crytocurrency trading does not make people to be rich . Having the mindset you are coming to crytocurrency trading to become rich  will be a very dissapointment to most beginners  that will make them not to be patience and to always feel panic whenever ever the market is suitable to them. Beginners need to study to get understanding that crytocurrency is volatile that needs trader to have patience.

[Rufsilf]

The best keys when it regards trading is to train yourself to work hard and acquire knowledge and skills. Having all of these things you can therefore think that your trading carrier is successful and profitable.

Because trading is all about trading ourselves to a biggest responsibility we took as this is not a joke nor we think it was an easy game. And most of all, we can't underestimate the market volatility - every single mistake correspond to losses and regrets.

[Bholutefe]

There are several keys to Crypto trading indeed, they are numerous in numbers, one of those key element factor that I have realised about crypto trading is patience. The ability to keep calm when trading in order to avoid massive losses. You don’t trade all because you want to make a very quick profit without understanding the current market situation especially during a very high volatile period whereby the market situation seems unstable. You need to recognise the possible support and resistance zone while trading as well. Familiarising yourself with how trading works is very important if you really want to be a good trader.

[Cookdata]

Trading doesn't have to be a one way thing, it is a two sided journey that you are supposed to enjoyed it with a long and short traeds. When the market is bullish, exercise risk management and long with a margin or do future and shouldn't be more than 7X of your initial capital and do the same when there is a down trend in the market.
Another mistake traders failed to note is that they forget to change mind when things are wrong and obvious, it doesnt matter if your initial technical analysis are too confident, I know thats what you should stick too in times of market emotion but the fundamentals change too, if you are bulllish and the market is drowning, please exit your trades  especially when you forget to used a tight stop loss and close all position.

[Bholutefe]

Trading is so advance and complex in nature that it takes due diligence and knowledge to indulge in, it also requires a good patience. Having a mindset of a quick and fast trading can result in a huge loss, thereby loosing all your money on trading. Trading can be so risky in nature that it can wipe out the whole capital and profit at once. Get a very brilliant training and much better ideas on trading is one of the right step to take before trading.

[Gosgosking]

People need not to use the experience of others to determine how trading will be for them. Everyones Trading experience is different , every trader just need to have the right strategies and the right knowledge for trading. Most people who  claim to be experts in trading fake their experience to get more followers.

[Hyphen(-)]

You have given a great awareness, but those outlined points are not the main key to a successful crypto trader.

1. Seek for a Proper Education on Crypto and how it works before venture.

2. Don't Buy at the Peak, Buy during a crash like now, so you can Sell at the Peak like $70,000.

3. Don't borrow money to invest in crypto, it's volatile you could lose everything and your creditors will throw you to jail.

4. Don't invest your survival money. Some bearish markets take years and if you can't pay your bills and feeding, you can't be patient enough to wait for a bear market.

Proper knowledge and education about Bitcoin, as well as general knowledge about cryptocurrency, is the key to successful trading; if you have very good knowledge about Bitcoin and cryptocurrency, no one can manipulate or control you because you have the knowledge and know what to do.
Very important; do not borrow money or take loan to invest in cryptocurrency because the high risk involved

5. Belong to a Community. Crypto works better if you belong to a Community where you are updated, especially on What to Buy, When to Buy and how much to Sell.

Being a part of a community is not vital, but for other people, it is because of their views. Try to conduct your own research (DYOR) to avoid placing the blame for your loss on anyone.

[KingsDen]

People need not to use the experience of others to determine how trading will be for them. Everyones Trading experience is different , every trader just need to have the right strategies and the right knowledge for trading. Most people who  claim to be experts in trading fake their experience to get more followers.

Actually your last statement got me. Many people who claim to be experts in Trading fake their experience to get more followers. That is the realit. Some of these people make more money from their social media followers they have, from the seminars they conduct , from the teachings, more than from the trading. Actually most of them does not have working strategies over a long period of time. When I look at all those guys I laugh and it is always newbies that fall for them.

It does not mean that there are no experienced traders, but believe me there are few.

[TelolettOm]

1. Seek for a Proper Education on Crypto and how it works before venture.

This is at least the basics of trading. we must have enough knowledge to be the base. So, we can do trading with any knowledge. Because if we are trading without any knowledge, it seems to be gambling only based on luck. Seeking proper education will be various, but at least we can understand the basic one.

4. Don't invest your survival money. Some bearish markets take years and if you can't pay your bills and feeding, you can't be patient enough to wait for a bear market.

True, very high risk, crypto trading is a very high risk, if someone is trading using their survival money for their daily life, it means that they are risking their life very badly. This is one of the most things to avoid. But in fact, seriously, many people are doing this

[Charles-Tim]

There are more to trading than these, but they are good advice, except one which you want people to pay for signal or something, signal providers are only using it to scam, I will encourage people not to follow that, or they should not be surprised if they later found it as scam.

Don't Buy at the Peak, Buy during a crash like now, so you can Sell at the Peak like $70,000.

This is an investment advice, not a trading advice.

People in our Community gained over 500% last month. Thanks to our team who made it possible working 24/7
Dm Admin to join us on a subscription fee of $150 per month.

I see this as a means to make money from others, I always which people to avoid this type of scam, they should learn how to trade instead.

[alik111]

You shared the basic thoughts about crypto trading. But if someone wants to be a successful crypto trader then he must be a good analyst and must know how to manage risks.

[Ketesnuko]

No matter what solution you give people about crypto trading the truth is its not for everyone including myself, if you are the time that gets impatience easily or you are the type that is wired to always lose focus you shouldn't be trading, no matter what you do you will lose more money than winning.