Step you have to take before venturing into the market

[ancafe]

In as much as trading can be very profitable if carried out properly, it also can be very risky, because you can lose all your fund if not done properly, so today I will be listing down step you have to make first before venturing into the market;

Knowledge and experience are the most important keys for someone who carries out trading activities because basically trading does not guarantee regular profits and trading also has a large level of risk if it is not carried out correctly. Believe me, trading will be much more difficult than investing.

wait for the right setup: trade only when you are sure of the market, if you don't see the right setup don't trade, it's better your capital is intact than risking it when not sure. Even though it warrant you to trade once in a week, it's better than losing.

It's better to wait for the right moment than to force daily trading and if someone doesn't understand trading well then trying trading using small money first is a method that can be applied. Trading once a week or whatever the pattern is depends on a person's ability to face risks, control emotions and know when to stop because if this can be minimized then people can trade with daily or weekly schemes and patterns.

[AYOBA]

In as much as trading can be very profitable if carried out properly, it also can be very risky, because you can lose all your fund if not done properly, so today I will be listing down step you have to make first before venturing into the market;

That is the definition of trading: the higher the profit, the greater the risk. If the exchange is so straightforward, the carrier is simply out. That is why anyone who wants to start a trading should list down the carrier so that he knows how to execute it.

(1) Go for knowledge first: as a crypto enthusiastic or an investor it's very necessary that you knows all that it entails on how to navigate your way safely in the crypto industry.
Knowledge to me is paramount because with it,  you will know how to react in certain situations, which will really be helpful in your crypto journey.

Knowledge is the first and most important punctuation mark in everything. Anyone who is serious about dealing with crypto should be familiar with all of the principles and technicalities before getting started. If not, everything he comes to do or try to invest in will fail, but if he puts a lot of work into it and learns about cryptocurrency, everything will come quite simple and easy for the individual.

(2) you must learn how to be patient: without patience it's nearly impossible to be successful in the crypto market, that is one of the virtue required in the craft.

Those who genuinely want to succeed in life need to possess patience as well. It is therefore beneficial for us to exercise patience. Because maintaining patience is the primary strategy for preventing losses in our trade and achieving our goals without suffering excessive financial loss.

[AicecreaME]

I definitely agree.

You will also need some self-discipline in order to execute those things you have mentioned. It might be hard in the beginning but as the days goes by, you'll earn enough experience that will teach you how and when you need to apply each of those. Most of the newbies always think trading as a quick rich scheme, that's why they always in a hurry using a high leverage hoping to make a big profit in a very short period of time, resulting to a very huge loss.

[Yamifoud]

I definitely agree.

You will also need some self-discipline in order to execute those things you have mentioned. It might be hard in the beginning but as the days goes by, you'll earn enough experience that will teach you how and when you need to apply each of those. Most of the newbies always think trading as a quick rich scheme, that's why they always in a hurry using a high leverage hoping to make a big profit in a very short period of time, resulting to a very huge loss.

Many things may change once you are in actuality and many plans get ruined because of uncontrollable emotions. As far as self-discipline is concerned, it is a big struggle for beginners and most of them fail. I have no wonder it went through like that because committing mistakes is a part of learning and it helps us improve. But the most important is that we are very certain about our goal and even if we fall many times, we never quit and remain focused on our goal. as we begin our crypto journey we must have to do these things...
 - don't rush, it should be on step by step
 - focus on learning first, not on earning
 

[synchronym]

Before trading any token you must have enough knowledge about that trade. You must check the market value of the tokens you buy and then trade your tokens. The best weapon in the market is knowledge. If you have no knowledge about the market or trade, then you can't move forward. Of course you need to gain knowledge and have enough knowledge about the market then if you trade tokens you will definitely get success through it.

[Stepstowealth]

...

Paying to join a signal group is not advisable because Of how dependent is can make you become and make a new trader want to relax and not seek to want to grow but if you must join a signal group in your early stages as a trader make sure that you are doing so for the purpose of trying to observe the trading behavior and market strategy from a more professional trader that you usually would not know unless you sign up and join their VIP group. Do not join signal groups with the plan never to leave, that makes you dependent. A trader who is dependent will last long as a trader.

[Zigabel]

I definitely agree.

You will also need some self-discipline in order to execute those things you have mentioned. It might be hard in the beginning but as the days goes by, you'll earn enough experience that will teach you how and when you need to apply each of those. Most of the newbies always think trading as a quick rich scheme, that's why they always in a hurry using a high leverage hoping to make a big profit in a very short period of time, resulting to a very huge loss.

Discipline is one very important aspect of trading that most newbie traders lack and neglect, they are so quick to wanting to start making profit already because they saw some other person who's probably trading as is profitable already so they want to be there almost immediately, but then even as a professional traders you need to stay disciplined enough not to take every trade, sticking to your strategy and always applying your risk management, sometimes the market may seem to avail you an opportunity that looks so good outside your strategy but discipline will keep you from just delving in because you never can tell how long such market conditions can last.

Self discipline when applied both in our day to day lives, helps us become a better person and in trading it makes you a better and profitable trader who can be sure to making profit more often than loss.

[Maslate]

I definitely agree.

You will also need some self-discipline in order to execute those things you have mentioned. It might be hard in the beginning but as the days goes by, you'll earn enough experience that will teach you how and when you need to apply each of those. Most of the newbies always think trading as a quick rich scheme, that's why they always in a hurry using a high leverage hoping to make a big profit in a very short period of time, resulting to a very huge loss.

Well of course, first and foremost, you wouldn’t care to follow all those tips when you don’t adopt self-discipline that will direct you to the right path when trading. Although having self-discipline might be easy to say but it’s definitely hard to follow when you’re already in the real scenario when trading. The reason that’s why a lot of traders end up losing and quitting because they can’t control themselves from being emotional that becomes the best enemy when trading.

[gabbie2010]

The first point was very important for any newbie who wanted to venture into trading 'knowledge is power' it one of the greatest asset for any new trader learning and studying all trading related stuffs TA, candlestick patterns, Price Action, learning how to control emotions etc.
Patiently wait for your trading setup to unveil before pulling the trigger to buy or long would help a trader to avoid late entry, Moreso leverage is also important because it has to be reasonable one kept at a moderate rate to avoid getting liquidated of course many newbies in their bid to get rich quickly ended up trading with high leverage consequently lost their fund, in case of managing the risk a Stop Loss is very important after placing a trade to reduce risk and protect account

[AakZaki]

Knowledge and experience are the most important keys for someone who carries out trading activities because basically trading does not guarantee regular profits and trading also has a large level of risk if it is not carried out correctly. Believe me, trading will be much more difficult than investing.

Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple. But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.

[EarnOnVictor]

For the first time, perhaps we will try and adhere to these steps, but if we feel a profit and then our emotional desires take over our control, then these steps will get better one by one, then get worse and result in losses.

It is necessary to exercise self-control and consistency in doing everything, this is also very important in the smooth running of the strategy stated by the OP. good luck

It is very wrong of any trader not to be fixed with what they want to do in the market, you do not do a thing today and do another tomorrow, the ideology and psychology must be fixed, which will help traders to be decisive, thorough and focused in what they do. If you lose, preserve your trading psychology and the same goes for the time you gain, it must be the same so that nothing shifts the trader out of the balance of their core value in trading. The best part is that trading is so strategic, just first get the right trading strategy that can vouch for winning for the long term, then find the best management that will support the strategy so that it will never be discouraged.

It is after this you blend them together to form a good and working system, and when the system is truly good, more winning will be achieved than losing, and this is a pretty good encouragement that will be able to challenge any iota of discouragement in your trading. Mind you, you work well on your ego, overtrading, greed and other psychological issues which positive results of trading could cause, and if it is negative, you work on the fear which I do not think will come to one's mind again when they are indeed good with their trading system. Above all, find a working trading system and preserve your psychology, and then you are good to go in trading at large.

[the rise]

Knowledge and experience are the most important keys for someone who carries out trading activities because basically trading does not guarantee regular profits and trading also has a large level of risk if it is not carried out correctly. Believe me, trading will be much more difficult than investing.

Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple. But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.

Sometimes I like futures trading and sometimes I don't, usually I trade futures when I read and find good information and the potential for prices to increase, unfortunately information like this is not very accurate, sometimes I'm confused when I see people who are experts in futures trading , no experience no learning

[Hamphser]

Knowledge and experience are the most important keys for someone who carries out trading activities because basically trading does not guarantee regular profits and trading also has a large level of risk if it is not carried out correctly. Believe me, trading will be much more difficult than investing.

Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple. But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.

Sometimes I like futures trading and sometimes I don't, usually I trade futures when I read and find good information and the potential for prices to increase, unfortunately information like this is not very accurate, sometimes I'm confused when I see people who are experts in futures trading , no experience no learning

Futures is somewhat interesting if you do really tend to look at on how fast you could really be able to make profit on the time that you would be able to hit up the right prediction on which it is really that an easy money but people do fail on thinking or mind off about or speaking about possibilities of losing on which they do really normally failed out on doing so. This is why being mindful about those things
even on the slightest possibility would really be that important because if you do just neglect out these things then its expected that you would really be ending up on a disaster.
This is why you should really be knowing on taking up some balancing in regarding reward and ratio and this is something that you should be having in mind.

[lombok]

For the first time, perhaps we will try and adhere to these steps, but if we feel a profit and then our emotional desires take over our control, then these steps will get better one by one, then get worse and result in losses.

It is necessary to exercise self-control and consistency in doing everything, this is also very important in the smooth running of the strategy stated by the OP. good luck

It is very wrong of any trader not to be fixed with what they want to do in the market, you do not do a thing today and do another tomorrow, the ideology and psychology must be fixed, which will help traders to be decisive, thorough and focused in what they do. If you lose, preserve your trading psychology and the same goes for the time you gain, it must be the same so that nothing shifts the trader out of the balance of their core value in trading. The best part is that trading is so strategic, just first get the right trading strategy that can vouch for winning for the long term, then find the best management that will support the strategy so that it will never be discouraged.

It is after this you blend them together to form a good and working system, and when the system is truly good, more winning will be achieved than losing, and this is a pretty good encouragement that will be able to challenge any iota of discouragement in your trading. Mind you, you work well on your ego, overtrading, greed and other psychological issues which positive results of trading could cause, and if it is negative, you work on the fear which I do not think will come to one's mind again when they are indeed good with their trading system. Above all, find a working trading system and preserve your psychology, and then you are good to go in trading at large.

Of course, to get a trading system and emotional stability in trading requires several trials, experience or repeated trial and error. To avoid large losses related to this, we also need money management. Where MM is very vital in trading. And more importantly besides these 2 things.

[Xampeuu]

Knowledge and experience are the most important keys for someone who carries out trading activities because basically trading does not guarantee regular profits and trading also has a large level of risk if it is not carried out correctly. Believe me, trading will be much more difficult than investing.

Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple. But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.

Sometimes I like futures trading and sometimes I don't, usually I trade futures when I read and find good information and the potential for prices to increase, unfortunately information like this is not very accurate, sometimes I'm confused when I see people who are experts in futures trading , no experience no learning

Without experience and knowledge, I think it is difficult to trade futures considering that these two things are really needed. Sometimes many people keep quiet about trading losses and tell stories about their successes, this is why many people are proud to be called great traders. or on the other hand, maybe they prefer to subscribe to signals, making their trading easier

[ancafe]

Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple. But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.

But in the end they realized that any trade was not easy to do even though some people thought futures trading would be much easier to do. People will realize that their abilities are not there in the trading when they experience losses on a scale and when they start to realize that they will give up instead of learning to understand how to trade correctly. Skill is indeed quite important and when someone does not learn properly then the opportunity to lose is quite large because there is no plan regarding trading patterns.

I am also not an expert in trading but I will see the moment when I want to get involved in it, or in other words I am not a day trader who has the ability to get involved in it regularly. It is better to decide to invest rather than maximize trading because everyone has different abilities and this must be seen before getting too involved.

[wxa7115]

Without experience and knowledge, I think it is difficult to trade futures considering that these two things are really needed. Sometimes many people keep quiet about trading losses and tell stories about their successes, this is why many people are proud to be called great traders. or on the other hand, maybe they prefer to subscribe to signals, making their trading easier

More than ever people want to sell a specific image about themselves in social media, even if this image has nothing to do with who they are in their real lives, and selling themselves as expert traders is attractive to many of them, as if they succeed in doing so then they will gain a massive amount of attention as other people will want to be like them.

However they are just the image without the substance to backup their claims, so soon enough they will find themselves unable to sustain the lie, as their losses become too big for them to hide anymore.

[Natsuu]

The very first thing that you have to do before venturing in the crypto market is to establish your knowledge about bitcoin and the crypto space. With that, studying diligently and doing extensive research will help a lot so you will come up with valid information. When you already gained adequate knowledge, you can easily set up your plans and work on it to make a successful venture on bitcoin and on the crypto market.

Right. Before diving into the crypto scene, make sure to do your homework on Bitcoin and crypto in general. Once you've got the lowdown, you can craft a game plan for a successful venture. Happy crypto exploring

[Jatiluhung]

( wait for the right setup: trade only when you are sure of the market, if you don't see the right setup don't trade, it's better your capital is intact than risking it when not sure. Even though it warrant you to trade once in a week, it's better than losing.

Now this one is what I really like because it is the same as the way I have been trading all this time. I also prefer not to trade too much if there isn't the right moment. I prefer to wait for the right moment that I can make good use of. I also prefer to avoid trading when my emotional condition is unstable. I will wait for my thoughts and emotions to be completely fresh before I finally jump into the market. Because emotions are very important in decision making and so that we can think better.

Mood is truly an important aspect of trading. Because a trader who is having problems in his daily life and causing him to be in a bad mood will definitely not be able to concentrate on trading.

[MFahad]

I definitely agree.

You will also need some self-discipline in order to execute those things you have mentioned. It might be hard in the beginning but as the days goes by, you'll earn enough experience that will teach you how and when you need to apply each of those. Most of the newbies always think trading as a quick rich scheme, that's why they always in a hurry using a high leverage hoping to make a big profit in a very short period of time, resulting to a very huge loss.

you are damn right bro. Self-discipline and patience are two of the most important requirements for trade. Believe me man most of the money lost by newbies is lost because of a lack of these two things. they start trading thinking that they'll earn some money quickly. so they buy a spicific token. but as crypto is volatile so some time that token's price start dropping which is normal in market. Experienced and knowledgeable traders know that so they Don't bother much. but newbies and unexperienced trading don't know anything and start panicking, and when they panic they loose patience and end up selling the token with lose..
so Newbies should always learn every aspect of trading before starting. and if they don't have self-discipline they should avoid trading at first place unless they are willing to take risks.