How do I succeed as a trader in 2024

[Strongkored]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

What opinion do you expect? because if you have decided that trading will be your focus this year then do it consistently and continue to add trading skills because it is very necessary and also continue to be aware of market conditions because traders will really need the latest developments that occur in the market, and never consider trading as easy if you are already profitable because at other times you are very likely to experience losses, and profits and losses are two things that are difficult for you to ignore.
You can try to reduce the risk of loss by acting carefully every time you want to open a position.

[FinePoine0]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

If you are new to trading then you should not trade as soon as you enter 2024, because if you trade there is a high chance of loss. Because most of the traders who face losses in trading are newbies, they suddenly start trading without doing market research and subsequently face losses. So by measuring the market of 2024 you will accept trading, otherwise you will not accept trading.

[passwordnow]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus.

It is going to be a tough road for you as trading sounds simple when you hear success stories and trades from the people who are making a living from this. But when the reality hits you, you're going to have the hardest time of your life and that's why it's important that you have a strong heart when you do so because you'll never know if you might give up on the mid run of your trading journey as a beginner. But no one's going to stop you experiencing all of this and if some strategies will develop you, strive for it because only you are the one to see how you'll work on your own trading activities and potential success in the nearest future.

I'm gathering information on how to go about it. Your opinion will be highly appreciated.

It's best to experience it on your own while reading some materials about the strategies that you may come up with especially with what everyone is saying about and that's the technical analysis. You will have to take time in learning all of those and also prepare your pockets of it to be full. So, just go ahead and trade and experience how this market is so very quick and volatile and you'll adjust on it eventually.

[sujonali1819]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

If trading is the only area of your focus then focus on it. Learn more and more about trading. Success in trading actually varies on several stuffs like Knowledge, skills, trading strategy, etc. You can focus on these things for better results.

1. Learn and gather more knowledge about crypto.
2. Set a budget for trading.
3. Always start from lower investment
4. Always try to divide your investment into several parts. Don't invest all in one
5. You should also focus on Risk management strategy.
6. Stay updated with the crypto news
7. Control emotion during trading.
8. Learn about technical analysis
9. Always think about long-term investment.
10. Don't panic, don't be greedy, and always try to exit the trade at the right time.

Best of luck for your 2024 journey.

[Dimitri94]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

Trading is an important platform for financial success but in trading a trader must know various things related to trading. If a trader thinks that he is good at trading then he should definitely trade for him. The current crypto platform is much more positive than other times. If trading in front of the bull market, there is less risk, so the probability of profit of the trader increases. The most important thing a trader needs to focus on in trading is to control his greed. Any asset in the crypto market can grow many times, but even if it makes a profit of 10 to 15 percent in one trade, if the trader does not withdraw that money, he will lose. The trader “must be satisfied with his small profit.

[Fara Chan]

If you are new to trading then you should not trade as soon as you enter 2024, because if you trade there is a high chance of loss. Because most of the traders who face losses in trading are newbies, they suddenly start trading without doing market research and subsequently face losses. So by measuring the market of 2024 you will accept trading, otherwise you will not accept trading.

I think all beginners can trade while doing their own research by trying to get to know more coins and then choosing several coins that they think are the best to trade this year. Because research while learning which is also accompanied by practice is the more appropriate thing to do because it is very complete overall for beginners. This means that everything that continues to be studied carefully for a certain time will definitely produce very good goals because even though trading is not something trivial for anyone, trading is also not something that is that difficult for everyone to understand. So anyone can do it well as long as they have the basic knowledge for it.

[tygeade]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

Trading is an important platform for financial success but in trading a trader must know various things related to trading. If a trader thinks that he is good at trading then he should definitely trade for him. The current crypto platform is much more positive than other times. If trading in front of the bull market, there is less risk, so the probability of profit of the trader increases. The most important thing a trader needs to focus on in trading is to control his greed. Any asset in the crypto market can grow many times, but even if it makes a profit of 10 to 15 percent in one trade, if the trader does not withdraw that money, he will lose. The trader “must be satisfied with his small profit.

I do believe that there are way too many people who think they are good but in fact they are not good, that's the trouble. I understand that people may think that they are going to make a lot of money from trading, and there are some people who do make a lot of money from trading there is no doubt about that, but that doesn't mean that we are going to have anything that would be easy for a newbie, or someone who is not a great trader.

Just because there are people who could make money, doesn't mean you are one of them right now, it also doesn't mean that you can't because if you do put the time and the work in then you can become a good trader that makes profit too, but it is not automatic, you have to grind to get to that point.

[God bless u]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

If you are new to trading then you should not trade as soon as you enter 2024, because if you trade there is a high chance of loss. Because most of the traders who face losses in trading are newbies, they suddenly start trading without doing market research and subsequently face losses. So by measuring the market of 2024 you will accept trading, otherwise you will not accept trading.

Yes, invest all the money they have in trading, without thinking, they take entry in trading, but they do not consult anyone, that is, they do not study what they have.
What should you do? When should you buy? When should you sell?

All these things depend on what is happening. Take for example what is happening right now. Man, take entry in solana  at almost the price of 23 dollars and how far has it reached? I used to search for it often, so recently I found it two months ago,, it was about 22-23 dollars. Let's see the price now going to be around 100 dollars, so we should first of all pay attention to what time we have to enter and what time to exit trading. These two things are very important.

[shawonngp]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

I don't know you have experienced or not with trading, It seems gambling to you if you have no knowledge in trading, It's difficult but not impossible to learn so research about it before start, But in this year i have different plan, I am buying Bitcoins only and holding because before Bitcoin halving it price can go new ATH.

[yudi09]

-snip

That is a difficult thing, if you start of course in trading will definitely experience losses and there are still many factors from the cause of the loss, then the success of trading feels a little more difficult but I believe there are people capable of doing that.

Trading requires a strong mentality while investing long-term I call it has little risk especially in bitcoin as long as he does not sell they will not lose, while choosing a coin on a trend then he might get into FOMO.

Because we still don't have experience in doing it even though we have studied it in theory. Theory and practice are two sides that will get different results.
In theory we learn techniques so we don't lose, but when we practice it unexpectedly, everything we learn can still result in losses.
This is what makes it difficult to achieve success starting with trading.

Investing in Bitcoin is not as difficult as trading practice. As an initial stage, you need to know the basics of Bitcoin, which involves learning what Bitcoin is, how Bitcoin works, how to buy, how to save and when is the right time to buy.

[ShowOff]

That is a difficult thing, if you start of course in trading will definitely experience losses and there are still many factors from the cause of the loss, then the success of trading feels a little more difficult but I believe there are people capable of doing that.

Trading requires a strong mentality while investing long-term I call it has little risk especially in bitcoin as long as he does not sell they will not lose, while choosing a coin on a trend then he might get into FOMO.

Because we still don't have experience in doing it even though we have studied it in theory. Theory and practice are two sides that will get different results.
In theory we learn techniques so we don't lose, but when we practice it unexpectedly, everything we learn can still result in losses.
This is what makes it difficult to achieve success starting with trading.

Investing in Bitcoin is not as difficult as trading practice. As an initial stage, you need to know the basics of Bitcoin, which involves learning what Bitcoin is, how Bitcoin works, how to buy, how to save and when is the right time to buy.

Of course theory and practice are two different things. You will never be 100% able to apply a theory-based strategy to active trading, and you may even have to adjust it when something doesn't happen as expected. Trading is an activity with a high risk of losing money, but as long as you don't sell it at a low price then you can probably still hope not to make a loss when you sell it later.

Investing is easier, but perhaps it's only easy to say if one doesn't know how. You should never buy at the peak of an increase, it will only make you miss more opportunities to buy at lower prices. Investment requires strategy, as does trading, but short-term trading risks are certainly more difficult to avoid than long-term investments.

[Best-mary]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

Trading is a better journey you need to take your time on, don't rush it. You start by using some good products like the smart trend, which could be fine on exchanges. Then, you can go further in studying your chart. How does it move? What time is more effective and so much more. Just take your time, you will get there

[yudi09]

-snip-

Of course theory and practice are two different things. You will never be 100% able to apply a theory-based strategy to active trading, and you may even have to adjust it when something doesn't happen as expected. Trading is an activity with a high risk of losing money, but as long as you don't sell it at a low price then you can probably still hope not to make a loss when you sell it later.

In practice it is difficult because many indicators and strategies need to be adjusted when market conditions change.
Holding back by not choosing to sell when the price is below the purchase price or perhaps the profit is still very small from the purchase price, may still be possible in this type of spot trading. If it takes a long time to hold on the exchange for those who use it because it is not yet profitable, they will risk losing assets when the exchange experiences problems.

Investing is easier, but perhaps it's only easy to say if one doesn't know how. You should never buy at the peak of an increase, it will only make you miss more opportunities to buy at lower prices. Investment requires strategy, as does trading, but short-term trading risks are certainly more difficult to avoid than long-term investments.

The practice of investing is much easier than trading. Just study and learn in detail about the basics such as how to save, when to buy after knowing what Bitcoin is and where it differs from altcoins. For beginners, I don't even recommend trading, but investing.

[ShowOff]

Of course theory and practice are two different things. You will never be 100% able to apply a theory-based strategy to active trading, and you may even have to adjust it when something doesn't happen as expected. Trading is an activity with a high risk of losing money, but as long as you don't sell it at a low price then you can probably still hope not to make a loss when you sell it later.

In practice it is difficult because many indicators and strategies need to be adjusted when market conditions change.
Holding back by not choosing to sell when the price is below the purchase price or perhaps the profit is still very small from the purchase price, may still be possible in this type of spot trading. If it takes a long time to hold on the exchange for those who use it because it is not yet profitable, they will risk losing assets when the exchange experiences problems.

Yes, of course. Refraining from selling below the purchase price is the solution when volatility makes you lose several percent of your total asset value. That's not a problem as long as you can maintain your psychology and not panic, but maybe you have to accept losses if you apply a cut loss.

It is possible that short-term trades tend to change traders' direction and decisions when the trend turns negative. This can result in them experiencing unexpected losses, but if they just buy and hold, then of course volatility is not a scary thing. Moreover, holding assets on centralized exchanges is not recommended if you are not an active trader. Your investment assets should be in a wallet that gives you custody, storing them online or on an exchange is too risky.

Investing is easier, but perhaps it's only easy to say if one doesn't know how. You should never buy at the peak of an increase, it will only make you miss more opportunities to buy at lower prices. Investment requires strategy, as does trading, but short-term trading risks are certainly more difficult to avoid than long-term investments.

The practice of investing is much easier than trading. Just study and learn in detail about the basics such as how to save, when to buy after knowing what Bitcoin is and where it differs from altcoins. For beginners, I don't even recommend trading, but investing.

I think it's okay to recommend beginners to trade as long as they know how it works. Buy low sell high, that is the most basic strategy they need to know. The difficult thing in trading is that when traders expect consistent profits, it is very difficult.

[Adams0001]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

I don't know you have experienced or not with trading, It seems gambling to you if you have no knowledge in trading, It's difficult but not impossible to learn so research about it before start, But in this year i have different plan, I am buying Bitcoins only and holding because before Bitcoin halving it price can go new ATH.

Trading is not a simple skill to master because of the risks involved, which must be taken repeatedly before you can be successful. If you said Trading will be your focus this years, you need to be learning much about it and know the strategic how you will be staking, and you need to know is better you trade with the money you can afford to lose, because Trading is not an investment that you will say he can minimize your risk when you start, I would like you to not focus on one aspect instead, you should be investing so that he can increase your knowledge about different coins. As for me, I believe in investing more than trading because I haven't gained much knowledge about it yet, and I can't say if I start trading I will be profitable, because it is very risky more then investment but if you are lucky you will profitable and change your lifestyle.

[boty]

Trading is not a simple skill to master because of the risks involved, which must be taken repeatedly before you can be successful. If you said Trading will be your focus this years, you need to be learning much about it and know the strategic how you will be staking, and you need to know is better you trade with the money you can afford to lose, because Trading is not an investment that you will say he can minimize your risk when you start, I would like you to not focus on one aspect instead, you should be investing so that he can increase your knowledge about different coins. As for me, I believe in investing more than trading because I haven't gained much knowledge about it yet, and I can't say if I start trading I will be profitable, because it is very risky more then investment but if you are lucky you will profitable and change your lifestyle.

It is indeed not an easy thing to be able to master trading well, we need to study it well to be able to really master it well and even those who can already trade are still learning about trading so that they can trade correctly, in doing so. In trading, of course we have to use capital that we can afford to lose if we make mistakes in the trading we do.

I agree with what you say, of course it would be better if we could trade and also invest and when we get a profit from the trading we do then we can invest to be able to get a profit from both of these things. If we don't have a good understanding of trading, it would be better for us to invest first in order to minimize the losses we will incur and when we want to trade, we can learn it first because it is very risky to trade with only a little understanding of trading.

[synchronym]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

op We who mainly trade must have some budget every year to trade. When we trade in the new year we must trade very carefully. If we don't have enough knowledge about trading then we won't be very successful in trading. Of course best wishes to all so that we can trade well in the new year. We all know that the money we will trade in 2024 will bring great success through trading.

[Essential10]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

I don't know exactly how much trading experience you have. I think learning trading cannot be mastered in a day or two, weeks or months. However, you want to make your 2024 profitable by trading, I hope you capitalize on your extra money and move on to trading. I don't want to get involved in trading 2024 as it will be pretty rickety. Expecting a bullrun at the end of 2024 around the Bitcoin halving, future plans are for me to invest more in Bitcoin at the moment and hold on to it. I would always advise you to hold because holding bitcoins is the least risky of trading.

[tygeade]

Trading is not a simple skill to master because of the risks involved, which must be taken repeatedly before you can be successful. If you said Trading will be your focus this years, you need to be learning much about it and know the strategic how you will be staking, and you need to know is better you trade with the money you can afford to lose, because Trading is not an investment that you will say he can minimize your risk when you start, I would like you to not focus on one aspect instead, you should be investing so that he can increase your knowledge about different coins. As for me, I believe in investing more than trading because I haven't gained much knowledge about it yet, and I can't say if I start trading I will be profitable, because it is very risky more then investment but if you are lucky you will profitable and change your lifestyle.

The biggest issue is that someone who decides to start learning now, will face the big bull run, and they will want to get in, and if they get in then they may even make some money because it will be the bull run, so it's a good period.

However, if we are talking about a situation where people need to keep learning THAT is the best time because you are also making money. If they stop learning, bear will eventually come and they will lose all that they earned, maybe even more and that would be terrible for them. Fill the bucket when it's raining, but do not let it open, just take advantage of the situation and you should be making money and then keeping it. Then you keep on learning more and more about what you should be doing with it.

[IvugeoEvolutionCoin]

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

If you are new to trading then you should not trade as soon as you enter 2024, because if you trade there is a high chance of loss. Because most of the traders who face losses in trading are newbies, they suddenly start trading without doing market research and subsequently face losses. So by measuring the market of 2024 you will accept trading, otherwise you will not accept trading.

Those who want to start trading in new conditions should not start trading now without understanding trading because they do not understand what the market conditions are. When they start trading in new conditions, new people will be disappointed when they see the bad condition of the market and many people will lose all their money.  Chances will be. For newbies I would say never go into trading without knowing about trading because I think trading is much harder than it seems.