What is your advised for being a trader?

[AakZaki]

Becoming someone who really understands trading and how to do analysis is very difficult, it's easy to do it in just a short time. It takes a lot of theoretical learning, direct trials and seeing market patterns. Those who claim to be traders even though they have only traded a few times, they are only traders who understand selling and buying but not specifically how prices can go up and down. So it is not easy to become a trader who is truly a trader. Technical analysis, fundamentals, risk management, psychological management and many others must be studied and understood.

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[gabbie2010]

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?

Check the overall sentiment of the market it is either bullish or bearish or ranging market this is necessary after learning Technical and Fundamental Analysis and you must have a working trading strategy which has been proven to be profitable, though their is no perfect one, I also subscribe to funding a trading account with a small fund to continue with your learning process, I believe this  is better than trading with demo account, with a little funded live account you would be able to learn how to control your fear and emotion as well as psychology which is far better than huge funded account which can get liquidated in the course of trading as a newbie.

[RewFrew]

So you need proper training about trading. You need huge knowledge about it. Without proper knowledge anyone cannot profit from trading. Because trading is not too easy. Trading is very risky things. If anyone invest on crypto without proper knowledge he Will be losser there has no doubt. So my first advice please learn properly.

After that you need about some knowledge for trading :
Need technical analysis
Fundamental analysis
News analysis
Fund management
Risk management and Strong mentality.

If you follow this which i mentioned then you can trade and you will be profited form trading. Otherwise you will loss all your valuable fund.

[Huppercase]

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 are a new trader and you are trying to understand trading and you don't want to lose money, what you should do is these:

Demo trading: We have some exchanges that has a demo trading account for their users, like Okx for instance has one place where you can trade with virtual assets, they are not real but fake money. You can use that money to study the market and then learn all you need to learn from their. Binance also has one I think but the coins they have is limited and the demo can only be access via web and not on phone and the website gives outdated vibes.

Paper trading: You can register an account with tradingview, you can use the platform for trading using virtual..assets but this time, you have the option to select any type of coin that you want and it doesn't have to be specific to an exchange, you can select any coin from any reputable exchange and trade their pairs especially when you want to follow the behavior of some traders in a particular exchange. These are the ways you can learn trading without having any loss that will affect you because those funds are fake.

[Franctoshi]

When it comes to trading, you learn, unlearn and re-lean, trading is a waiting game, Therefore never be in ghast to make profits without waiting for your trading set up to get complete, manage risks, don't be greedy, have a rule base strategy to use to navigate the volatile market, and don't go all in at once, apply a proper DCA method when taking your trades, this way it will help you minimize risk exposure to the market.

[GigaBit]

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 seems easy to many but I don't think it is an easy task. As all traders try to get profit so it is very difficult to profit from it. If a trader has experience in trading then he can definitely earn good money from trading. A few things I would like to remind the new traders is that before trading we must do fundamental and technical analysis. There are many traders who don't control their emotions and don't do any research about the asset before making a new trade. I would advise those traders that before taking a new trade you should take time to know the details of that coin or assets and invest there short term or long term you should clarify those things.

[Julien_Olynpic]

If we are talking about a novice trader, then first you need to decide why a person needs trading in general. There may be several answers here. Firstly, in order to gain financial independence. Secondly, to save your money from inflation. Thirdly, to gain trading experience. And fourthly, to have fun. Basically everyone points to the first point, but as a rule, without experience it is difficult to achieve financial independence. Therefore, traders first gain experience, and only then financial independence. Therefore, I would advise not to set ambitious goals for yourself right away. Start small. Try to learn not to lose money in the long term. Try to earn a small profit first, which you can already spend. Only after this set yourself more ambitious goals.

[BD Technical]

There is new, brother, I will say one thing, brother, learn first.  Take the course and if you time the future you will be able to do something because if you work on my single line you will be more likely to block.
Choose another form of income, no difference, if he stops giving singles, then you are stuck, in that case you stick to your singles and you are yours.  Be skilled because if you are not skilled you will be stuck without your signals because it is easy to make money trading.  At present most of the people who are doing training are thinking of signal because we who are brothers know first cut then come here.

[R100K-Martin-Lunger]

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 has always come with its risks and rewards. It involves not just understanding the market but also an approach to managing those risks effectively.
My advice is to
Educate Yourself Continuously: Trading is an ongoing learning process. Familiarize yourself with technical and fundamental analysis to make informed decisions. There are numerous online resources, courses, and books dedicated to trading strategies and market analysis. You said you made a loss. Learn what you did right and what you did wrong during that time. What conditions allowed you to make a profit, and what made you a loss.
Stay Updated with Market News: Again, this is obvious but true. Market sentiment can considerably impact price movements. Keeping up with the latest news and developments within the markets you are trading is crucial.
Have a Trading Plan: I would also develop a clear trading strategy that includes entry and exit points. Know your risk tolerance and set stop-loss orders to manage potential losses.
Consider Getting a Mentor: This is one of the biggest things I recommend, a mentor. A mentor who has a proven track record in trading can provide valuable insights and guidance. They can help you navigate the complexities of the market and improve your trading skills.
Risk Management: Again obvious but never invest more than you can afford to lose. It's important to manage your risk on each trade carefully.
Now this is a lot of work obviously, day-to-day trading is time-consuming and nerve-wracking. And with a day job, it can be hard. But still, it’s an avenue for profit, I recommend investing in funds managed by professional traders as an alternative. This allows you to benefit from the potential returns of trading without needing to monitor the markets constantly. You can invest in a diversified portfolio managed by experts, which can potentially reduce risk. But of course, it's important to research thoroughly and choose reputable funds or platforms. Additionally, always monitor your investment's performance and be prepared to make adjustments as needed.

If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

[$weetne$$]

When it comes to trading, you learn, unlearn and re-lean, trading is a waiting game, Therefore never be in ghast to make profits without waiting for your trading set up to get complete, manage risks, don't be greedy, have a rule base strategy to use to navigate the volatile market, and don't go all in at once, apply a proper DCA method when taking your trades, this way it will help you minimize risk exposure to the market.

DCA works better when you're investing as you can DCA into Bitcoin and make alot of profits, DCA works too with altcoins or anything that can be invested into. I haven't heard of when someone DCA when trading but if you mean opening different small trade than to open one big trade that can make.you to lose big it makes a perfect sense. Trading is a risky and when you are still a newbie you have to be very careful what you do because you can make mistakes since you're not yet well experienced. My advice for being a trader is the advice that I was given when I was learning how to trade which im still doing but I have more experience now, the advice is to always take profits when trading because profits secure is better than a wishful profits that you haven't secured as you can lose it.

[Monarch B]

Today, trading is a psychological game for big investors. Even if you want to learn a lot of good things, you can't do anything better from here. Over time you need to understand their mindset. And if you understand their mindset then you can earn good amount of money from trading. For which now technical analysis has stopped working a lot.

One thing I would say is don't follow any group signal. They basically use us to profit themselves and get out of there quickly.

[Sorryfor]

In order to start trading you must first acquire enough knowledge about trading. How trading works, its techniques etc. should be well understood. If you start trading without knowing about the trade and without gaining enough knowledge about the cryptocurrency market then it will cause financial loss for you. I find it more acceptable to invest in different popular coins than to trade. For example, if you invest in any coin like Bitcoin or Ethereum, you can definitely earn good amount at the end of the day. On the other hand, trading is a very risky activity. When trading you don't really know what is going to happen next which makes it not acceptable for most people. Experienced people who trade acquire considerable knowledge about it over the years.

[Mauser]

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 start with futures trading if you are new to the trading world. With futures you are increasing your risk considerably and it could be that your position gets wiped out very quickly. Sticking first only to the spot market is much easier to make profits, even if those profits are going to be smaller than what you could have made with futures. As long as you directly own the underlying asset itself you are not at risk to lose all your funds in a few seconds. Something like that only happens when you trade high assets like options, futures, CFDs, etc. or in gambling. Without any prior experience or knowledge of trading, the first step should always be to learn as much as possible about trading. But this is only going to get you so far, you need to get real trading experience to get better at it. For that I would recommend you start very small and spread your money out across multiple projects. Like that you will get the most experience from your money. If you are losing in trade, don't immediately just sell your position again to realise the loss. Make sure you understand where the loss is coming from. Is just a general market decline? Or is something wrong with the project itself? Did you make a mistake in your initial research? Maybe it was just a bad week for the whole crypto markets, and your investment is going to turn around when the markets rise again.

[batang_bitcoin]

One thing I would say is don't follow any group signal. They basically use us to profit themselves and get out of there quickly.

I might say the same advice for those that are trying to be a trader. They're going to milk a lot of money from you when you're ignorant of the sides of the crypto market. Even the news that you can get freely, they're going to send it to you just for them to have something to signal to you.
That's not even worth it at all and that's why if you happen to see people advertising some signals group, avoid them because they're not going to help you grow on this market and what they'll take from you is your money and after that you're a thrash to them.

[sulendra12]

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?

Then by that logic if you invest with big amount then you lose it, then the impact to you is significantly higher and it might lead you to quit trading if you can't manage that high risk and just jump straight up with big capital. I'd recommend if you are new into trading then just learn with small amount first, so your motivation isn't that really affected if you lose and you might gain knowledge and experience by doing it small first.

[Negotiation]

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?

Then by that logic if you invest with big amount then you lose it, then the impact to you is significantly higher and it might lead you to quit trading if you can't manage that high risk and just jump straight up with big capital. I'd recommend if you are new into trading then just learn with small amount first, so your motivation isn't that really affected if you lose and you might gain knowledge and experience by doing it small first.

Regardless of investment and trading without proper knowledge there is a risk of losing the amount invested. I agree in trading it is better to start with small amount then loss will go away in little time. If you invest a large amount first if there is a loss then the person will become depressed. Need to be able to make the right decisions or develop the best ones in the present that's why learning with little should go to the big.

[cute nmp]

One should learn alot about both fundamentals and technical as a trader. Make sure to practice on a demo account before using your real funds to avoid looses ,lastly use a very good risk management strategy so that your profits will always be more than your looses.

[Russlenat]

Becoming someone who really understands trading and how to do analysis is very difficult, it's easy to do it in just a short time. It takes a lot of theoretical learning, direct trials and seeing market patterns. Those who claim to be traders even though they have only traded a few times, they are only traders who understand selling and buying but not specifically how prices can go up and down. So it is not easy to become a trader who is truly a trader. Technical analysis, fundamentals, risk management, psychological management and many others must be studied and understood.

I won’t advise someone to be a perfect trader since no one is capable to do that. But I have to encourage a trader to maximize experience in the market and learn from other traders experiences so that they can avoid losing too much of their funds which most happen to newbies who keep exploring the market without sufficient knowledge and trading experience. However, there’s is no trader that is free from losing, as those who have been successful traders these days have experienced limitless losses while they are starting in the market.

[DaNNy001]

Becoming someone who really understands trading and how to do analysis is very difficult, it's easy to do it in just a short time. It takes a lot of theoretical learning, direct trials and seeing market patterns. Those who claim to be traders even though they have only traded a few times, they are only traders who understand selling and buying but not specifically how prices can go up and down. So it is not easy to become a trader who is truly a trader. Technical analysis, fundamentals, risk management, psychological management and many others must be studied and understood.

Well spoken mate, and I know this because am also a victim of those of set person who taught that because I have traded a couple time and had profits it made me a good trader, well that's completely a lie because the world of trading is very technical and you have to be on the edge of complete learning before you can ever be ready for trading.

Not too long ago, I was discussing with a friend who is actually a real trader and by that I means knows the in and out when it comes to trading and I told him am also a trader too and he doubted me and he asked a few technically questions of which I failed to answer and he said to my face that am far from being a traded and I should probably stop now that the habit haven't yet ruined me.

[Bushdark]

Becoming someone who really understands trading and how to do analysis is very difficult, it's easy to do it in just a short time. It takes a lot of theoretical learning, direct trials and seeing market patterns. Those who claim to be traders even though they have only traded a few times, they are only traders who understand selling and buying but not specifically how prices can go up and down. So it is not easy to become a trader who is truly a trader. Technical analysis, fundamentals, risk management, psychological management and many others must be studied and understood.

The only way we can keep making money from trading is for us to keep learning andokking for a better way for us to make money.
Trading is very difficult and we don't have to allow anyone to deceive us telling us that trading is less hard or very easy to make money in market. Once we have learnt how to trade very well, we need to make sure that we look for ways to get trading books and ebook that we can always read to keep our spirit high while learning more about trading.