Entering the trading market - page 2.

lixer

hero member

Activity: 2688

Merit: 588

Quote from: Zanab247 on November 30, 2021, 10:38:56 AM

Facilitator : Having a facilitator before going into trading in the market will be a favourable ideas to such trader because all you need to know about profit making in the market, facilitator are there to make you understand and to make sure you do not experience loss in your trading.

I have not heard anything like this before. Do you refer mentors? I guess appointing a mentor or subscribing to such a services may not be affordable to all beginners which is the basic hurdle in this. But, you may get such a guidelines from your friend or colleague which must be enough for beginning days of crypto market trading.

Quote from: iv4n on November 29, 2021, 07:24:45 AM

I think that learning by doing is the best option, people who enter in trading now should just be careful to not trade with some big amounts, don't do that before you are totally sure how to trade!

Demo trading or live trading with small capital kind of practices are always famous as one of the best methods to enter in crypto trading but without learning the basics, this practicing will not help anyone for sure.

Zanab247

full member

Activity: 1358

Merit: 207

Catalog Websites

1) Remove fear: Fear is a something you must not use to enter trading no matter how small or big you are in the market. Fear cause people to make little profit from their investment.
2) Facilitator : Having a facilitator before going into trading in the market will be a favourable ideas to such trader because all you need to know about profit making in the market, facilitator are there to make you understand and to make sure you do not experience loss in your trading.
3) learn how to be patient: Patient is another thing you must learn before entering trading in the market. Those traders that in hurry to sell base on the price of a particular coin just increase not knowing that the price will still increase higher before selling.

iv4n

legendary

Activity: 3248

Merit: 1179

Quote from: LastKiss on November 20, 2021, 10:20:20 AM

Quote from: sammark23 on September 29, 2021, 02:10:29 AM

What is the best strategy to prepare oneself before entering the trading market?

Education is one the best to guide you before entering the trading market, if you have a friend who has experience enough to teach you or to guide you before entering the trading market will be great. Also prepare some money that you can afford to lose before starting trading it will help you to prevent any emotion burst Cheesy

Of course, it's easier if you have someone close you can learn from... that can save someone from making many mistakes! Also, I agree with the "money part", it's better to prepare some money and to try to practice right away, it's much better than "demo versions"... I think that learning by doing is the best option, people who enter in trading now should just be careful to not trade with some big amounts, don't do that before you are totally sure how to trade!

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: blockman on November 20, 2021, 04:31:13 PM

Quote from: LastKiss on November 20, 2021, 10:20:20 AM

Education is one the best to guide you before entering the trading market, if you have a friend who has experience enough to teach you or to guide you before entering the trading market will be great. Also prepare some money that you can afford to lose before starting trading it will help you to prevent any emotion burst Cheesy

I think it's better to have that mentor of yours that you know personally. So the chance of fooling and shilling you is quite low and you have someone to go if you don't know what to do. They're likely more honest than those courses and teachers that you might find online. There's the integrity that's very important to know for those type of people because once they fool you, you'll never going back to them and you're already aware of what type of people they are when someone approaches them and asks for help.

I think that in the same way if you educate yourself you will have a very difficult criterion that another comes and tells you lies or tries to sell you smoke, when there is a learning given thanks to books, it is a knowledge that will not be taken from you by anyone, keeping this in mind. The more you know, the brain itself will demand more knowledge and there is something very important in speculative markets and that is that the more you know that translates into making more money, and everyone wants to make money, so the best initial investment is knowledge. to be successful in trading.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

Quote from: LastKiss on November 20, 2021, 10:20:20 AM

Education is one the best to guide you before entering the trading market, if you have a friend who has experience enough to teach you or to guide you before entering the trading market will be great. Also prepare some money that you can afford to lose before starting trading it will help you to prevent any emotion burst Cheesy

I think it's better to have that mentor of yours that you know personally. So the chance of fooling and shilling you is quite low and you have someone to go if you don't know what to do. They're likely more honest than those courses and teachers that you might find online. There's the integrity that's very important to know for those type of people because once they fool you, you'll never going back to them and you're already aware of what type of people they are when someone approaches them and asks for help.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: LastKiss on November 20, 2021, 10:20:20 AM

Education is one the best to guide you before entering the trading market, if you have a friend who has experience enough to teach you or to guide you before entering the trading market will be great. Also prepare some money that you can afford to lose before starting trading it will help you to prevent any emotion burst Cheesy

Gaining knowledge from your friend must be a good idea but you need to be careful because what you could learn from your friend must be comparatively lesser knowledge than your friend's knowledge on crypto trading which is reason we must go for generalized resources rather than depending one or group of people.

Just educating yourself alone will not be sufficient for successful crypto trading. You must go for practical knowledge as well which is possible when you are entering into live market of bitcoin. So, you must need to arrange some capital for live trading experience which is more important for gaining knowledge on all aspects of crypto trading.

LastKiss

sr. member

Activity: 2184

Merit: 251

SOL.BIOKRIPT.COM

Quote from: sammark23 on September 29, 2021, 02:10:29 AM

What is the best strategy to prepare oneself before entering the trading market?

Education is one the best to guide you before entering the trading market, if you have a friend who has experience enough to teach you or to guide you before entering the trading market will be great. Also prepare some money that you can afford to lose before starting trading it will help you to prevent any emotion burst Cheesy

Alisha-k

member

Activity: 840

Merit: 23

Every man for himself, my strategy may not favour you and yours to may not favour me. If you're going to go into trading, you should discover the best strategy for yourself, only you knows best how easy it is for you to adapt to changes.

But you should be able to have acquired enough knowledge before you're able to start trading probably.

Hobo66

hero member

Activity: 1344

Merit: 502

Before entering the trading market the person should have to know about the timing, kind of trading, planing and other things which are necessary to get profit. They should have to take start by using tiny sum of money. Because the are new in trading so it is hard to get profit without knowing anything. You should choose your way of buying and selling by keep your emotions away.

Cryptoababe

member

Activity: 898

Merit: 19

Do it For Better Humanity (Bitget trader)

Quote from: sammark23 on September 29, 2021, 02:10:29 AM

What is the best strategy to prepare oneself before entering the trading market?

The best thing to note before to prepare your self before entering the trading market is to make your self understand that you are about to risk some of your money and you are not gonna put in high risk and not gonna risk the amount than can affect you.

Tessnik

member

Activity: 336

Merit: 16

Quote from: sammark23 on September 29, 2021, 02:10:29 AM

What is the best strategy to prepare oneself before entering the trading market?

The first thing is to have good analytical skills and developing trading skills this is the two important keys to trading if you can be able to analyze the market properly it will help build your knowledge on the direction that the market will go and when to buy a token and when to place a sell order. And also having working trading skills will help build your confidence and ability to choose the right pair to start trading with.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: Cornia on October 12, 2021, 02:47:21 PM

I think this strategy is different for each person. The most common thing is that don't be frustrated easily. Profit or loss in trading can be anything. But if you get frustrated easily, you will make more and more mistakes. In many cases long waits may be required to make a profit. In these cases you have to be patient.

It is a mental state.

But you can't just tell it to someone that don't be frustrated easily because we all have our emotions and it can trigger easily based from our thoughts.

If you're losing the first time, that's tolerable but the 2nd, 3rd and so on. You will really become frustrated about it.

Cornia

full member

Activity: 1526

Merit: 110

Quote from: sammark23 on September 29, 2021, 02:10:29 AM

What is the best strategy to prepare oneself before entering the trading market?

I think this strategy is different for each person. The most common thing is that don't be frustrated easily. Profit or loss in trading can be anything. But if you get frustrated easily, you will make more and more mistakes. In many cases long waits may be required to make a profit. In these cases you have to be patient.

Zanab247

full member

Activity: 1358

Merit: 207

Catalog Websites

You must be bold to face risk whenever trading in the market, to enable you to make a reliable profits from the market. Don't be in hurry to sell your coins whenever others traders are rushing to sell their coins without carry out their personal research about that particular price.
Knowledge of Crypto trading is very important to newbies to achieve before entering Crypto trading in the community, for he to stay longer in profit making. Through the Crypto trading knowledge, there are some things you will not involve yourself if you want to maintain to be part of successful traders in the market.
Try to be humble to your facilitators, when entering trading because it will help you to know some strategies you have never see before in trading. With your humble attitude it will make your facilitators to show you all the strategy successful traders used to be successful in the trading system.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: milewilda on October 11, 2021, 05:26:14 PM

The price had risen up to 57k which i hadnt anticipated because im expecting for some pullbacks when it did hit 55k and it isnt really bad to make otu some short sell and secure profits as of this moment.
Entering the trading market isnt really just something that you could just be confident because you would just simply lost money if you havent done your thing.
Precision is something always been unknown due to this unpredictable market.You would really be seeing that kind of confusion.

I did expect an earlier one, even before 55k. It increased way too much, more than what I expected. I expected it to be around 50k or so and then drop a little bit, not that it won't continue to go up, I was just expecting a little correction before it moved on, it could have reached 57k as it did now, but somewhere in middle like at 50k it would drop to 47k and then went to 57k like that.

Apparently it wasn't something like that and it moved directly higher, I am quite happy about what we have right now and I can't think of any other dream scenario that could have been true. Lets hope that we get to see it break ATH and reach even higher places, that would be even better. I believe enter in right now could be very wild, maybe bad or maybe good but definitely something entertaining and thrilling.

darewaller

hero member

Activity: 2926

Merit: 640

Quote from: Xampeuu on October 12, 2021, 02:01:38 AM

for long-term trading there is less risk and if the market pumps and takes it at the right time, you will get big profits. therefore we must know our trading style so that it is easy to carry out the strategy according to our personal wishes and comfort

I am sure in this crypto space, most people are into long term trading and also enjoying big profits over the time.
Most beginner in trading space, looks for active trading so that they do assume to make quick and massive profits whereas long term holders may make big profits only after years of holding but ending up losing all the capital. So, rather than listening to personal wishes and comfort, I guess listening to experts and pro traders may help.

Quote from: milewilda on October 11, 2021, 05:26:14 PM

Precision is something always been unknown due to this unpredictable market.You would really be seeing that kind of confusion.

When we cannot deal against accuracy then we must need to adopt a strategy which is suitable for our skills. I mean if you analytical approach is not helping you to remain precise then you must need to go for long term holding as it does not demand you to be precise.

Xampeuu

full member

Activity: 1442

Merit: 116

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: redsun114 on October 11, 2021, 05:14:53 PM

Quote from: add1ct3dd on October 11, 2021, 04:42:47 PM

You may need some strategy only if you plan for active trading or day trading. But, you must consider that 95% of active traders are losing money and at the same time, long term holders are easily making 10x profits on every 4 years of holding.

What you are saying is most common suggestion in this forum but still many people are looking for only active trading rather than going by simply easy way of moneymaking. I guess most people are looking for exiting way of moneymaking rather than the lazy way of moneymaking.

But, personally I will prefer long-term holding because I always looking for a sure shot way of profit making rather than risking in something which is profitable only for less than 10% of people.

for long-term trading there is less risk and if the market pumps and takes it at the right time, you will get big profits. therefore we must know our trading style so that it is easy to carry out the strategy according to our personal wishes and comfort

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: isaac_clarke22 on October 11, 2021, 03:03:56 PM

Quote from: Vaculin on October 10, 2021, 06:21:25 PM

~

From the bullish market right now, I cannot call that many traders would even call patience in their end. Maybe some experienced ones, but not for all.
Many would kind of be selling right now tbh. 55k rise of Bitcoin is something.

The price had risen up to 57k which i hadnt anticipated because im expecting for some pullbacks when it did hit 55k and it isnt really bad to make otu some short sell and secure profits as of this moment.
Entering the trading market isnt really just something that you could just be confident because you would just simply lost money if you havent done your thing.
Precision is something always been unknown due to this unpredictable market.You would really be seeing that kind of confusion.

redsun114

hero member

Activity: 2730

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: add1ct3dd on October 11, 2021, 04:42:47 PM

You may need some strategy only if you plan for active trading or day trading. But, you must consider that 95% of active traders are losing money and at the same time, long term holders are easily making 10x profits on every 4 years of holding.

What you are saying is most common suggestion in this forum but still many people are looking for only active trading rather than going by simply easy way of moneymaking. I guess most people are looking for exiting way of moneymaking rather than the lazy way of moneymaking.

But, personally I will prefer long-term holding because I always looking for a sure shot way of profit making rather than risking in something which is profitable only for less than 10% of people.

add1ct3dd

sr. member

Activity: 658

Merit: 270

Quote from: sammark23 on September 29, 2021, 02:10:29 AM

What is the best strategy to prepare oneself before entering the trading market?

You do not need any strategy if you choose long term holding or investing kind of option in bitcoin markets.

You may need some strategy only if you plan for active trading or day trading. But, you must consider that 95% of active traders are losing money and at the same time, long term holders are easily making 10x profits on every 4 years of holding.

So, if you have plans to start day trading with any of strategy, then you must consider about holding for years for at least 50% of your capital.

Topic: Entering the trading market - page 2. (Read 647 times)