What is your advised for being a trader?

[ndutndut]

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 know Traders have risks. So the advice seems to be that failure is the best lesson and continuing to be willing to learn is also important in trading. even though you already know how to guess market direction and you have mastered 50% of your trading knowledge. However, your emotions and patience alone are not enough to achieve consistency in trading, so mentality is the key.

Therefore it is important for you to look for news, history, analysis and fundamentals so that you know more about the probabilities. How much is the loss, how much is the profit all refers to the data above, and when the momentum arrives, we don't need to hesitate anymore because there is already a data reference. Become a profitable trader and be on the right track that is not only money oriented.

[1714565606]

1714565606

[Maslate]

Trading is not a piece of cake so you have to make sure that when you trade, you have gained already the necessary knowledge and skills that will make a trader successful and profitable. I’m not only talking about fundamental or technical analysis, but trading also needs the right mindset and attitude so that when trading goes out of plan, a trader will never put an end to his trading career but will continue to motivate himself more to learn.

Also, don’t trade if you’re not ready to lose. No matter how good or experienced you are in trading, there are still inevitable losses that you can’t avoid. So trade and be ready to lose, that’s the only way you’ll stay trading for long.

[Vaculin]

There’s always a lot of considerations before one should decide to trade. Aside from learning all the fundamentals and the technicalities in trading, it’s also important that you should learn to trade based on your trading plan. Set your trading plan first before you risk in trading, and always risk on what you can only afford. With that, you will never suffer from too much consequences when trading.

While fundamentals and technical analysis are important, it’s also crucial that you start trading once you gained prior skills, that is learning trading first without using real funds.

[Bushdark]

Trading is not a piece of cake so you have to make sure that when you trade, you have gained already the necessary knowledge and skills that will make a trader successful and profitable. I’m not only talking about fundamental or technical analysis, but trading also needs the right mindset and attitude so that when trading goes out of plan, a trader will never put an end to his trading career but will continue to motivate himself more to learn.

Also, don’t trade if you’re not ready to lose. No matter how good or experienced you are in trading, there are still inevitable losses that you can’t avoid. So trade and be ready to lose, that’s the only way you’ll stay trading for long.

Trading is very hard and harder than what we could ever think. Making money in the cryptocurrency market is very hard so we need to work very hard for us to reach that level that we will be able to utilize and make provisions for ourselves.
There is risk in the market so we need to know what we are doing so that we need take too much risks that would affect us losing more than we have earned in the market. Being a trader could be easy to talk but very difficult I'm reality.

[Baki202]

There’s always a lot of considerations before one should decide to trade. Aside from learning all the fundamentals and the technicalities in trading, it’s also important that you should learn to trade based on your trading plan. Set your trading plan first before you risk in trading, and always risk on what you can only afford. With that, you will never suffer from too much consequences when trading.

While fundamentals and technical analysis are important, it’s also crucial that you start trading once you gained prior skills, that is learning trading first without using real funds.

trading is another profession on its own and their is more to understand before going into it and see a lot of trading academics now i dont think it is also a bad idea for does of us that are interested in trading and have heard from people that have registered for does academy and it does not look bad at all because he said they even plan on teaching them how to reduce risk while trading. and been that its a school you will learn a lot of things from a lot of people and talking about trading planning is one good initiative and as a trader you have to create means that will make trading easy and risk free.

[boty]

trading is another profession on its own and their is more to understand before going into it and see a lot of trading academics now i dont think it is also a bad idea for does of us that are interested in trading and have heard from people that have registered for does academy and it does not look bad at all because he said they even plan on teaching them how to reduce risk while trading. and been that its a school you will learn a lot of things from a lot of people and talking about trading planning is one good initiative and as a trader you have to create means that will make trading easy and risk free.

Of course they must first understand it well before they decide to trade. Indeed, everyone will be interested in trading if they have heard about trading from academics, but what they have understood from their school has they ever tried it and got the appropriate results. with the knowledge they have and if what they say is only their understanding from school and do not have experience about the trading they do. In my opinion, it is not easy not to have risks in the trading we do, of course there are risks that we have to face if we make mistakes in trading.

[AicecreaME]

If you're a beginner, always know your limits.

Only use small amount per trade if you're not yet comfortable with your skills, to avoid bigger losses in the long run while you're still learning. Know your limits in trading per day, don't ever chase your losses thinking that you can't gain back what you lose in a certain day. Take a break, don't push yourself to take in all the trading information or knowledge you should know in a very short period of time, patient is always the key.

[Kelvinid]

I'm not sure if this will make your trading journey successful but this is what I did;

 - I'd focus first on knowing what trading is all about, I'd rather just forget how to earn a profit but try multiple strategies in order to find out what is best and what will work for me.

 - I'd give time to develop my trading skills and analytic capability, and I don't rush.

 - lastly, I accept advice from others and gain ideas from their teaching.

I know it won't work easily but if we want to become a successful trader, then we must have to do it step by step until we get the right trick.

[ancafe]

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?

For beginners it is recommended to study first before trading directly because trading is not easy to do because there are times when we will lose so we need to prepare ourselves to face it. Learn analysis, technical and other things related to trading so that when people want to get involved in it they better understand what needs to be done. Trading has a large level of risk and usually this risk can be psychologically disturbed so people need to minimize the resulting risk.

It's no problem to be involved in small funds for the first time, but we have to understand how to invest first, because apart from knowledge, experience is also needed so that someone can handle the risk of losing. Experience will make it much easier for someone to draw conclusions, but it must be combined with knowledge too.

[G_Besar]

Trading is very hard and harder than what we could ever think. Making money in the cryptocurrency market is very hard so we need to work very hard for us to reach that level that we will be able to utilize and make provisions for ourselves.
There is risk in the market so we need to know what we are doing so that we need take too much risks that would affect us losing more than we have earned in the market. Being a trader could be easy to talk but very difficult I'm reality.

When a trader is well aware that trading in the crypto market is full of risks that he must bear himself, he should make any preparations before trading any crypto currency in the market. Examples include being able to withstand losses if one has not yet made a profit or is still unlucky with one's trading and also having to provide reserve funds for one's life so that one does not immediately experience stress if one experiences large losses through one's trading. Although all traders before starting any trading have first prepared their own mental and knowledge.

[ShowOff]

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?

For beginners it is recommended to study first before trading directly because trading is not easy to do because there are times when we will lose so we need to prepare ourselves to face it. Learn analysis, technical and other things related to trading so that when people want to get involved in it they better understand what needs to be done. Trading has a large level of risk and usually this risk can be psychologically disturbed so people need to minimize the resulting risk.

It's no problem to be involved in small funds for the first time, but we have to understand how to invest first, because apart from knowledge, experience is also needed so that someone can handle the risk of losing. Experience will make it much easier for someone to draw conclusions, but it must be combined with knowledge too.

All of us are beginners in the early days of trading, so it is our duty to study and learn so that our trading plan runs smoothly. Each trader's risk tolerance is different, so it is not surprising that sometimes they have to accept large losses without reserve funds.

You are right, analysis is needed before starting trading. Strategy will help traders obtain satisfactory results, so everything is covered from starting to learn, improving trading skills, and maintaining psychology. Trading skills certainly vary, so this will determine how successful they are at trading.

[snowpega]

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?

Dear your whole statement is not so accurate because there are kinds of trading like feature trading or spot trading. Feature trading has high risk if you trade in it while trading in the spot has less risk to your funds because you can hold it until you get a profit from it and it is all upto you like you long period you want to hold it means losing of funds less but it also has the risk to your funds but not as you aforementioned lost in seconds haha.

So keep in mind that there are kinds of trading before giving statements although trading also needs good TA, FA , and good research about the project you are investing in. Many Thanks

[Inwestour]

All of us are beginners in the early days of trading, so it is our duty to study and learn so that our trading plan runs smoothly. Each trader's risk tolerance is different, so it is not surprising that sometimes they have to accept large losses without reserve funds.

You are right, analysis is needed before starting trading. Strategy will help traders obtain satisfactory results, so everything is covered from starting to learn, improving trading skills, and maintaining psychology. Trading skills certainly vary, so this will determine how successful they are at trading.

Now, in addition to educational materials and very good books on trading, there are also many educational videos where you can watch how traders trade. For a beginner, not everything may be clear in the textbook, but everything will be easier to understand in the video.

You can find some good channels on YouTube and follow and learn from them. And gradually you need to strive to develop your own trading strategy. Maybe this is not the best advice and someone likes to learn everything themselves, this is probably also possible, but it will only take much more time, than with someone else’s help.

[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?

Don't open a trade that you don't know when you're going to close the trade, an individually that pick interest in a trade need to know the entry price of that trade and the preferred exit price before he start trading. As you're trading you can adjust your exit price depending on how you see the market but always have a price in mind before you start trading so you don't start having second thoughts when you want to exist the market as you didn't have a plan before starting to trade.

Before you start trading, have a profit target in your mind, the trade mightn't go as you planned but it's good to always have a plan first before doing anything. As you plan your trades properly you can keep accounts properly and learn from the mistakes you made in the trade when you don't get the results you had in mind. A trader needs to be disciplined and well focused to avoid distractions all over the market.

[AnonBitCoiner]

It does not matter that you are using less or big sum of money because if you don't know a word about trading then you will loss this little sum and with the passage of time you will loss all money because those who work emotionally trade again again in order to get money without Understanding the need of learning. On the other hand those who invest large sum at once will loss all amount at once therefore both with less or big sum will loss their amount because of unawareness so I think the main thing which matters a lot is knowledge, Understanding and learning.

Always choose wisely because every coins give your profit according to your taste therefore if you choose to coins and have the idea about the timing of buying and selling then in little time you will earn more money but if you choose any useless coins then the risk will be higher.

[|MINER|]

Yes your words are right technical, fundamental analysis should be known, news should be checked but I don't agree with some of your words. Like starting trading with small funds you have to face losses.  We are very sorry to hear that you have faced losses but I would say that your trading skills are lacking.  And trading is very risky in the beginning for beginners, so always trade with little capital in the beginning.  So that the loss is less.

[AakZaki]

I think everyone here has given a lot of advice on what to do to become a trader. It is not easy to become a professional trader, there are many stages that need to be done, one of which is studying technical and fundamental analysis trading knowledge, it is still quite basic because there is still a lot to know. The most important thing is how to manage trading emotions because no matter how good the trading techniques and strategies used are, they will not be useful when the trading mentality is down. It takes a lot of practice and experience to form a strong trading mentality.

[Fivestar4everMVP]

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?

Trading indeed can be risky just as you have said it is, but on the other hand, it can be the sweetest and easiest way to make money if you know or can find your way around it.
Trading isn't something any one can just wake up one morning and engage him or her self in and expect to come out profitable, one must take time to properly learn how to trade, for trading is like a burning fire, if you jump in too fast, you will also jump out fast and not without some burns, but if you take your time to first put out the fire, you will easily cross to the other side back and forth without burns.

So, take your time, learn all that needs to be learnt in order to become an expert trader, and remember that, at the very beginning, you don't have to practice trading with real money, you can open a demo account with one of the top crypto exchanges we have around and practice trading with visual money, you can perfect the art of trading by trading on your demo account on daily basis for atleast six months to one year before you consider moving to live account where you can trade with real money, those months you spent trading on demo account will save you alot of money you should have lost if you jumped straight into trading on a live account.

In conclusion, learning to trade is not something that should be rushed, make sure to take your time, learn it properly and trust me, like I said earlier, you will see trading as one of the easiest and most effective and convenient way to make money.

[nurilham]

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".

Both trading and investing are very risky of you have no proper knowledge. Sure, people must ensure to have good knowledge before they start trading. We always suggest to many new traders to take time for learning, don't suddenly trade and expect of big profits. It is impossible to take profits if we don't understand how to trader in the right way. There are many people who don't care with learning, they don't trade coins but they gamble with the coins. Finally, they don't get profits but they only get losses. It is what the people will get if they don't have no knowledge.

Anyway, if you trade in spot market, you won't lose all your funds. I guess you assume future trading, but it is not the right place for new traders. If you are still new in trading, you must choose spot trading and stay away from future trading. Regarding the funds, we must be wise, don't use big funds if we are still learning. Just use big funds when we have enough experience in trading.

[Hyphen(-)]

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?

Starting your trade with small funds with the intention of learning from experience can be helpful if you did not put making profit in mind since you will be using the money to practice what you are learning about trading before starting with big money.

There are exchanges that give you a demo account with virtual funds to practice your trading journey before you have confidence in yourself and start trading on your own, but some people are skipping this due process by jumping into trading without proper knowledge, which is not proper.

Learn first and invest when you have the knowledge of basic and fundamental skills about trading before you kickstart your trading journey.