What is your advised for being a trader?

[Finestream]

There’s no easy money in trading knowing you are at high risk of losing than winning most particularly for beginner traders as they are not supposed to jump into trading just to satisfy their greed and high emotions. It takes even years before you can say you can be a good and reliable trader, hence acquiring knowledge and enhancing skills and strategies should be given topmost priority before you take risk in trading. And with the experiences learned from those early traders, we can always try to trade using demo account at first so we will be exposed as to how live trading scenario is taking place.

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[milewilda]

There’s no easy money in trading knowing you are at high risk of losing than winning most particularly for beginner traders as they are not supposed to jump into trading just to satisfy their greed and high emotions. It takes even years before you can say you can be a good and reliable trader, hence acquiring knowledge and enhancing skills and strategies should be given topmost priority before you take risk in trading. And with the experiences learned from those early traders, we can always try to trade using demo account at first so we will be exposed as to how live trading scenario is taking place.

One of the most common wrong perception into those people who had been planning on trying out to touch up trading field is that they do really believe that trading is really just that an easy thing without even trying out to realize that it was never been that easy. It is really just that there are people who are really that mindful when it comes to things when its already been that experienced. Its not a simple path to take and its never been
that too easy for you to have grasps out of it. It is really just that takes a matter of time before you could really be able to take some grasps on everything and this is why it would be important
that you should really know on what you should really gonna do realistically.

Dont make yourself that be having that boost up when it comes to things because once you do get that kind of self confidence then this is where mistakes would really came from.
This is why it would really be always best that you should really be that realistic on the things that you are tending to deal with. Dont rush up on making money
or simply being that greedy yet this one is never been that recommendable.

[michellee]

There’s no easy money in trading knowing you are at high risk of losing than winning most particularly for beginner traders as they are not supposed to jump into trading just to satisfy their greed and high emotions. It takes even years before you can say you can be a good and reliable trader, hence acquiring knowledge and enhancing skills and strategies should be given topmost priority before you take risk in trading. And with the experiences learned from those early traders, we can always try to trade using demo account at first so we will be exposed as to how live trading scenario is taking place.

Without wanting to learn more about trading, a person will not be able to get the profits he hopes for. They are at high risk of experiencing losses because they do not know when to enter the market. That is why novice traders must learn more to trade well.

Becoming a reliable trader requires high skills, ability to analyze, and knowing when they can trade. Apart from studying, they can practice their lessons through a demo account to better understand how to trade. They should not give up if they cannot make a profit because they are still new to trading.

By continuing to learn and practice through actual trading, they will have useful experience. And when they trade, they will start to make a profit. The important thing is that they still want to learn more and don't give up before getting what they want.

[Alpha Marine]

Trading is a risk and you have to manage it carefully. Trading is a skill and for you to be good at a skill you need to learn and keep learning. First, learn before you start and when you start, start small. It's normal for you to lose money, even experienced traders still lose money, that's why to be, I believe you should start small and gain more experience.
Also, you don't need to be a trader. If you don't like traders then don't go into it. Any skill you want to go into you should have an interest in it, not just because you want to make money out of it.

Demo accounts let you try out different trading strategies and get used to the platform you'll be using, but without any real money at stake.  It's like a practice run so you can gain some experience under your belt before diving into actual trading.  Going this route helps you avoid costly mistakes down the line when you transition over to trading real money and  once you feel like you got the hang of things and are trading profitably on a consistent basis in your demo, then you can feel confident about moving forward for real.

Demo accounts are very good for beginners. Not only does it help you gain experience in trading but it also helps understand the platform but that is not a guarantee that one can't lose money after using demo accounts. That's why it's always advisable not to go above our means.

[Lanatsa]

Trading is a risk and you have to manage it carefully. Trading is a skill and for you to be good at a skill you need to learn and keep learning. First, learn before you start and when you start, start small. It's normal for you to lose money, even experienced traders still lose money, that's why to be, I believe you should start small and gain more experience.
Also, you don't need to be a trader. If you don't like traders then don't go into it. Any skill you want to go into you should have an interest in it, not just because you want to make money out of it.

Demo accounts let you try out different trading strategies and get used to the platform you'll be using, but without any real money at stake.  It's like a practice run so you can gain some experience under your belt before diving into actual trading.  Going this route helps you avoid costly mistakes down the line when you transition over to trading real money and  once you feel like you got the hang of things and are trading profitably on a consistent basis in your demo, then you can feel confident about moving forward for real.

Demo accounts are very good for beginners. Not only does it help you gain experience in trading but it also helps understand the platform but that is not a guarantee that one can't lose money after using demo accounts. That's why it's always advisable not to go above our means.

If you are a complete noob then having that Demo trading would really be that recommended i should say on which you would really be able to make yourself that at least be wary
when it comes to technical aspect on which this is something that would really be that helpful if we do speak about learning with the basics. It would really be that recommended that you should really be
at least making yourself wary about those things before you would really be planning to go live or make use of real balance or money. Other learnings or things could really be acquired through
real experience on which you would really be needing to deal up with it completely.

Advised of being a trader? You should really be needing yourself to be that versatile and should really be needed to make those kind of adjustments
on which it would really be that much crucial if you are really that mindful about on the steps that you are making.

[Cryptmuster]

One of the most common wrong perception into those people who had been planning on trying out to touch up trading field is that they do really believe that trading is really just that an easy thing without even trying out to realize that it was never been that easy. It is really just that there are people who are really that mindful when it comes to things when its already been that experienced. Its not a simple path to take and its never been
that too easy for you to have grasps out of it. It is really just that takes a matter of time before you could really be able to take some grasps on everything and this is why it would be important
that you should really know on what you should really gonna do realistically.

Dont make yourself that be having that boost up when it comes to things because once you do get that kind of self confidence then this is where mistakes would really came from.
This is why it would really be always best that you should really be that realistic on the things that you are tending to deal with. Dont rush up on making money
or simply being that greedy yet this one is never been that recommendable.

I think good advice for those newbeis is not to rush to start trading with a large deposit, because most likely it will be lost, and even perhaps the first few deposits will be lost. Therefore, the first money in trading can be regarded as a means for practice, for gaining experience that will be useful to you in the future. Of course, this does not guarantee that you will start making money later if you lose your first trading funds, but it will give you a chance to learn something. But if you don’t see progress, then it means you need to change something, or trading is not for you.

[TookDk]

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

The first thing you have to realize is that trading is not easy money, in fact, the opposite.
Trading is one of the most hard ways to make money (alt least in the first 2-3 years).
Trading is also one of the few businesses where you can work very hard every day all day for a month and end up loosing money, in any kind of payroll job would that never happen.

When that is said. Surprisingly is technical and fundamental analysis not that important (forget about the news). You can get quite far with a few very simple concepts.
Focus on RISK MANEGMENT and the psychological aspects.

Before even thinking about using real capital read Trading in the zone by Mark Douglas - and take it from there.

Did I mention risk mangement? Risk mangement.
I think its worth to mention it one more time: Risk mangement.

[Nheer]

So it isn't recommend to trade if you don't know anything.

It is not recommended to trade if you don’t know anything unless you have no use for your money and just want to lose them.

Trading without knowing anything about it will drain you dry that’s why it is not recommended for beginners or anyone who lacks knowledge about it to engage in trading. Learning and understanding the foundations of trading takes a lot of time and skills, and the risk is too great. Engaging in something you know nothing about is a careless act especially something that requires you to invest money, it only means you are willing to lose your money. Even Experts that are skilled and knowledgeable about trading trade cautiously because of the underlying risk involved in it, even with knowledge nothing is guaranteed but knowledge helps to keep the risk minimal.

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds.

Very risky that even experts does not encourage people to engage in it without having any knowledge about it. When trading is being mentioned what comes to people’s mind is risk and as such only people who have the courage to take risk engage in trading, they are ready for whatever challenges it throws at them so whoever wants to trade should be able to take risk and not expect to make profit everytime he trades. You should always trade an amount you can afford to lose, don’t ever borrow money to trade and always take reasonable risks within your limit.

[BabyBandit]

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

Reading Reading Reading Reading. And dare to loss, if you are to afraid to loss, you wont take a risk and will never get a reward but don't do it without research. Try to be quick on tokens you want to trade with, read and find them before others, and don't be greedy, when you are on good profit, don't be afraid to sell a part of it so you are on profit and you can still keep a part of it if you feel to. And don't put low amounts in to many tokens, it's a stupid idea, I.E: If you put $50 on 5 tokens ($10 on each token) to get a reward they all should get on profit, if two "dies" and one goes +/- zero and two goes good, you won't be on a good profit and it's just wasting your time! and to many things in the basket more to ​keep track of, this was my biggest mistake in the beginning, do a research go with 1,2 max 3 on a day and then change and change and do it all over again.
Many fail because of greed, be wise. and knowledge is king. read and do research all the time. These days we can find out so much so fast with today's technology. And listen to others is not wrong, but don't take anything that someone say for granted, you can add it with your own research and it can be a good combo. Also if you gonna be a day trader, trade with coins on the same network for instant swap's and low fee's it will help you a lot.

Good luck in the jungle mate.  

[beerlover]

Demo accounts let you try out different trading strategies and get used to the platform you'll be using, but without any real money at stake.  It's like a practice run so you can gain some experience under your belt before diving into actual trading.  Going this route helps you avoid costly mistakes down the line when you transition over to trading real money and  once you feel like you got the hang of things and are trading profitably on a consistent basis in your demo, then you can feel confident about moving forward for real.

Demo accounts are very good for beginners. Not only does it help you gain experience in trading but it also helps understand the platform but that is not a guarantee that one can't lose money after using demo accounts. That's why it's always advisable not to go above our means.

Demo accounts are definitely what newbies should use, it allows them to be a lot better and could be considered a big deal, I understand that not everyone does anything like that, because they want to get into the real thing as quickly as possible, but testing out what you learned in a demo account could give you so much, it would be quite good for you in the end.

I understand that it's tough to be like that, and I understand that it is not easy to manage something that big, but that shouldn't really be something that we could care about all that much, we should consider the situation to be a lot more important to do demo, it gives them some understanding of the market. I think it should be something that would get better in the end.

[synchronym]

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

op I agree with you because if we don't have enough knowledge about trading then we won't get much success in trading. If one of us trades in the wrong place then we can lose all our money so in this case we should always trade carefully so that we do not lose our precious money. In trading we should always check the market before trading.

[kotajikikox]

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

If you don't believe in the saying about small funds starting to keep learning ? but that is what must be because if you started with High capital then it will ends you not learning to handle small [profit and you will keep seeking higher and higher income.
Just try not to be greedy mate , that is the only thing that we  need to use here or else we will never be a gainer all our time here.

[irhact]

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

You can't lose all your money in just seconds if you know how to trade and use stop loss. Stop loss prevent you from losing more than you'll set on your account. If you bought Bitcoin at $45,000 and set a stop loss at $40,000, you can only lose $5000 for that trade if the market dumps to $35,000 due to the stop loss that you set at $40,000 and that's why stop loss is very important when trading and also learning how to trade is important as you'll get taught this when learning.

Some individuals didn't learn how to trade therefore they don't know how to use stop loss or manage their money properly. They're just trading like they're gambling and that's why they'll keep losing their money. My advice for those individuals that want to become traders is for them to learn how to trade very well before they start trading so they don't lose everything they had in their account as they don't know risk management.

[Volimack]

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

Before trading you have to understand the market positions if you trade in the right coin then there is no possibility of losing funds quickly. Another thing is to start with a small amount in the beginning of the trade if there is a loss, go over a small amount and with this you will be able to know and learn better about the coins of the market. If you don't know anything about the trade the risk is high if you do it with a large amount.

[Rockstarguy]

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

As a beginner that is still learning about trading I don't think it is advisable to start trading with huge sum of amount, trading is all about learning and experience. Starting trading with small amounts of money will give one a good knowledge how to handle a huge sum of money in trading. Another thing you also need to consider in trading is that trading with a huge sum of money is not a guarantee to make better profit, the most important thing is to trade with the amount that you can afford to lose.

As a trader it is advisable one needs to understand trading very well, because rushing to make money from trading fast  can end one be at lose at the end. Learning trading and having a proper knowledge of trading helps in trading alot , trading is not something that can be done with a shallow understanding but requires a good understanding to handle it.

[sujonali1819]

It's a common question. It's better to use the search function and read already existing topics about trading if you really need help. There are a lot of topics about trading you will find.

A few days ago I commented somewhere about it. I am just qouting here to read. Hopefully, it will be helpful for you.

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.

[Uruhara]

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

As you know, a trader needs to understand various types of analysis such as technical and fundamental. But what is more important is that a beginner must first know the risks involved in crypto. Because crypto trading clearly has very large risks and is accompanied by equally large potential.

So if you are not ready for the risks then it is better not to enter crypto trading. After knowing the basic things about crypto and the basic things in crypto analysis, you still need to practice trading. Because a trader still has to build experience to strengthen his mentality and understand the market. Sentimental analysis can even be understood if we already understand the market and have more experience that we can use as a lesson. Apart from that, traders must also understand Money Management and so on. To avoid big losses and control the financial limits we can use in high risk trading.

[Zoomic]

Trading is not for the faint hearted. It is obviously not for everyone,  only those who are prepared to take risks can survive in the industry. One of the worst mistakes any investor can make is jumping into a project you have no full knowledge about, same applies to cryptocurrency traders. Most traders will easily jump into a market they have no clue about, this is a wrong move. Before you trade, you study your market to know what's obtainable. It is also because of these poor understanding of what cryptocurrency is all about that makes many believe they can trade excessively to prevent losses. Buying and selling frequently does not only limit their loss (as they claim), it limits even the profits.
Trading is all about having the right knowledge and when or where to apply them. Nothing good comes easily.

[tvplus006]

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. ... So What things do you follow and advice before open a trade?

The most correct advice would be this: If there is such an opportunity not to trade, then it is better to refrain from trading. But we didn't come here not to trade) Therefore, when trading, stick to risk management and be sure to put a stop loss. This will help to save part of the deposit.

[RockBell]

Trading is not for the faint hearted. It is obviously not for everyone,  only those who are prepared to take risks can survive in the industry. One of the worst mistakes any investor can make is jumping into a project you have no full knowledge about, same applies to cryptocurrency traders. Most traders will easily jump into a market they have no clue about, this is a wrong move. Before you trade, you study your market to know what's obtainable. It is also because of these poor understanding of what cryptocurrency is all about that makes many believe they can trade excessively to prevent losses. Buying and selling frequently does not only limit their loss (as they claim), it limits even the profits.
Trading is all about having the right knowledge and when or where to apply them. Nothing good comes easily.

Trading involves a lot of mental work and you must be ready to pay attention to it when ever you are trading because i learn from other traders so as just to improve my self in trading and its is clearly not for everyone because you see a lot of people having interest to trade but are not metal prepare to start trading because if you are not mentally prepared you will face a lot of challenges and you might not be able to survive it. but if you ready to learn and then you are prepared for the worst because losing money, you can not escape that. and people are jumping into projects and are not ready to put in their best into it because aside trading anything finance needs understanding and many more. and we should always advice people that are just about to start trading. and trading their must be an understanding of the market having skill to understand the market by doing analysis. and with all this it will make everything soft and even when you face troubles you wont feel it that much because the knowledge that have already been required.