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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.
Topic: Entering the trading market - page 3. (Read 647 times)
Many would kind of be selling right now tbh. 55k rise of Bitcoin is something.
Your emotions plays big when doing the trade, without good control and discipline you will be moved by the wind inside the market.
Never to act this way, the market is not favorable to traders who don't stand with their decisions, work more harder in reading the flow and make sure to decide only if you are really sure that you completed your study and research. In that way you are saving your investment and you are lowering the risk of your trade.
I guess that picking a lane and going there no matter what is usually something that works great in trading. Of course there are methods which are flexible, just because I said "pick a lane" doesn't mean buy and hold forever or something, it changes from method to method but there are many ones that "if x happens then do y but if z happens then do q" type of situations but at least you know what you have to do. Not knowing what to do and making a decision at that moment is the real killer for traders.Never to act this way, the market is not favorable to traders who don't stand with their decisions, work more harder in reading the flow and make sure to decide only if you are really sure that you completed your study and research. In that way you are saving your investment and you are lowering the risk of your trade.
Your emotions plays big when doing the trade, without good control and discipline you will be moved by the wind inside the market.
Never to act this way, the market is not favorable to traders who don't stand with their decisions, work more harder in reading the flow and make sure to decide only if you are really sure that you completed your study and research. In that way you are saving your investment and you are lowering the risk of your trade.
I guess that picking a lane and going there no matter what is usually something that works great in trading. Of course there are methods which are flexible, just because I said "pick a lane" doesn't mean buy and hold forever or something, it changes from method to method but there are many ones that "if x happens then do y but if z happens then do q" type of situations but at least you know what you have to do. Not knowing what to do and making a decision at that moment is the real killer for traders.Never to act this way, the market is not favorable to traders who don't stand with their decisions, work more harder in reading the flow and make sure to decide only if you are really sure that you completed your study and research. In that way you are saving your investment and you are lowering the risk of your trade.
If you do that then you are going to end up with losing so much more money than otherwise, even if your method is wrong that usually means you could recover, but if you act without knowing what you are doing then you are going to lose a ton of money.
What is the best strategy to prepare oneself before entering the trading market?
Read the basics > Read how to profits > Read the risk
Focus on the risks as that will be your challenge and problem when you enter trading. You won't understand it right away because you need to actually experienced it. Not discouraging you but in newbies days of a trader, mostly lose their money. Without it, they will never learn. That's what you need to take care of. Other lessons can be learned while doing trades regularly.
Hi OP, I see that you have made this post, and you also made another post related to trading.
I suggest you read the suggestions given by the members here, there are many.
The most important thing is that you must learn at first, learning about crypto, the coins that are going to trade, and also other analysis for trading. It is complicated and not easy, that is why you must learn hard for this, then continuing learning by doing after having basic knowledge
In addition to studying analysis, of course, we must also learn to be disciplined in that analysis. sometimes people find it difficult to accept floating plus, so they are in a hurry to get out of the market, on the other hand, many people are actually resistant when they see a floating minus, with big hopes that the market will rise again I suggest you read the suggestions given by the members here, there are many.
The most important thing is that you must learn at first, learning about crypto, the coins that are going to trade, and also other analysis for trading. It is complicated and not easy, that is why you must learn hard for this, then continuing learning by doing after having basic knowledge
Hi OP, I see that you have made this post, and you also made another post related to trading.
I suggest you read the suggestions given by the members here, there are many.
The most important thing is that you must learn at first, learning about crypto, the coins that are going to trade, and also other analysis for trading. It is complicated and not easy, that is why you must learn hard for this, then continuing learning by doing after having basic knowledge
I suggest you read the suggestions given by the members here, there are many.
The most important thing is that you must learn at first, learning about crypto, the coins that are going to trade, and also other analysis for trading. It is complicated and not easy, that is why you must learn hard for this, then continuing learning by doing after having basic knowledge
What is the best strategy to prepare oneself before entering the trading market?
Read the basics > Read how to profits > Read the risk
Focus on the risks as that will be your challenge and problem when you enter trading. You won't understand it right away because you need to actually experienced it. Not discouraging you but in newbies days of a trader, mostly lose their money. Without it, they will never learn. That's what you need to take care of. Other lessons can be learned while doing trades regularly.
the main thing is to make sure our knowledge is enough to start trading, after that we can start with a small capital first. observe every movement made and if you experience failure or difficulty then it can be studied so that it can improve in the future. We also shouldn't be afraid to start trading, don't expect too much profit at the beginning because it's like we are still in the crawling stage, learn well every detail in trading so that in the future it can be even better.
We can learn more when we are in trading and having the basic knowledge upon entering is somewhat good enough as we can do some adjustment and strategies improvement once we fully engage in trading. A sort of modification will something works and helps to achieve our goal. But of course, it won't be made instantly that is why it is very important to have ample patience in dealing with this as it never works so easily. Before entering the market ensure you have done your own research and you have fully gotten important informations needed to help you do your analysis. You have to be well disciplined to make you succeed in the market and remember being patient enough always pays out. Never you try to go against the trend. Do not invest what you cannot afford to lose. Play safe
In addition to that, it is also a must that first and foremost, you should prepare yourself to take the risk. Crypto trading is certainly more risky than simply holding so you should develop first trust and confidence so you'll be ready to take the risk. Crypto trading needs more patience and persistency because not all the time things will work out in favor of you. There will always be a market crash every time that is definitely inevitable so you have to deal it more on a positive way. If you think you already developed this, then you can start building your experience.
Before entering the market ensure you have done your own research and you have fully gotten important informations needed to help you do your analysis. You have to be well disciplined to make you succeed in the market and remember being patient enough always pays out. Never you try to go against the trend. Do not invest what you cannot afford to lose. Play safe
the main thing is to make sure our knowledge is enough to start trading, after that we can start with a small capital first. observe every movement made and if you experience failure or difficulty then it can be studied so that it can improve in the future. We also shouldn't be afraid to start trading, don't expect too much profit at the beginning because it's like we are still in the crawling stage, learn well every detail in trading so that in the future it can be even better.
What is the best strategy to prepare oneself before entering the trading market?
You don't need strategy, all you need is enough funds to sustain on trading in order to manage your asset sustainably. Skills should be developed in order for us to cope up with different challenges, but that's normal for first timers to panic and worst is they lost a huge amount of money. Seek guidance from friends and peers who could mentor you for a good advice which eventually teach you different ways to deal with trading successfully.
This happens when people receive too much information at the same time and instead of taking a decision they keep delaying taking the decision so they can gather even more information, however if you have a plan you can take decisions in a split of a second and that is critical when it comes to the markets.
For me the best strategy takes a long time, although depending on the desire and interest of the person is what determines the time, in my case I rely on reading books, and the books I recommend are those by Jesse Livermore, Richard Wyckoff, Malkiel Burton, Warren Buffet, to get an idea of how to analyze the market from the point of view of experience of market speculators in the Stock Market whose teachings are fully applicable to the Crypto market.
For me, this is the best option, and after having read a couple of books by these authors and learning the way they saw the market, learn how the crypto market works, that is, the dependence of altcoins on BTC and to learn to use the tools that the Exchange has to choose very well, for me, that is the correct way to later learn technical analysis, with both analyzes plus the correct use of the Exchange can guarantee greater success.
best strategy could be learning on how trading works so that you will know what to expect , what are things that needs to be done.
practice or warming up is also good for preparation before the real session begins
. it prevents you from getting shocked , thats good because when your calm you can think and act properly . all these are only a basic strategy but creating a real strategy will come once you already entered the trading arena .
For me, it will be a good start if you set your positive mindset first before taking into the preparations upon entering the market. Crypto trading is never that easy and you'll be able to take risk more often so at least, your mindset is already prepared. After that, maximize your day through deep researches and even watching some trading videos and learn first hand strategies from a reliable trading platform. The rest will only be learn once your into the real scenario in trading. Its kinda tough in the start but you'll definitely overcome it after few months from learning experiences. practice or warming up is also good for preparation before the real session begins
. it prevents you from getting shocked , thats good because when your calm you can think and act properly . all these are only a basic strategy but creating a real strategy will come once you already entered the trading arena .
best strategy could be learning on how trading works so that you will know what to expect , what are things that needs to be done.
practice or warming up is also good for preparation before the real session begins
. it prevents you from getting shocked , thats good because when your calm you can think and act properly . all these are only a basic strategy but creating a real strategy will come once you already entered the trading arena .
practice or warming up is also good for preparation before the real session begins
. it prevents you from getting shocked , thats good because when your calm you can think and act properly . all these are only a basic strategy but creating a real strategy will come once you already entered the trading arena .
Everyone needs a plan when they are in the market of cryptocurrencies, if you do not have one then you are going to find yourself on situations you could not foresee and just when you need it the most you will get something called paralysis by analysis.
This happens when people receive too much information at the same time and instead of taking a decision they keep delaying taking the decision so they can gather even more information, however if you have a plan you can take decisions in a split of a second and that is critical when it comes to the markets.
Planning when to buy, at what price, and when to sell, at what price is the first step to becoming a good trader. You need to know when it drops to X price it means this and that is when you should buy and afterwards when it goes up to Y then it means this and you should sell and all of that even before you trade a single satoshi worth. In order to do something like that, you also need to know about trading and study it a lot because that is how you learn what prices are good, it is not just gut feeling, it should mean something.This happens when people receive too much information at the same time and instead of taking a decision they keep delaying taking the decision so they can gather even more information, however if you have a plan you can take decisions in a split of a second and that is critical when it comes to the markets.
Resistance and support levels are very important in this case, if you could buy right at the support level then it could bounce back from there, if it goes down even more and break under support then you can buy at the next support, and same goes for selling at the resistance level as well piece by piece instead of all at once.
What is the best strategy to prepare oneself before entering the trading market?
You don't need strategy, all you need is enough funds to sustain on trading in order to manage your asset sustainably. Skills should be developed in order for us to cope up with different challenges, but that's normal for first timers to panic and worst is they lost a huge amount of money. Seek guidance from friends and peers who could mentor you for a good advice which eventually teach you different ways to deal with trading successfully.
This happens when people receive too much information at the same time and instead of taking a decision they keep delaying taking the decision so they can gather even more information, however if you have a plan you can take decisions in a split of a second and that is critical when it comes to the markets.
Well, trading is a long process of learning, and entering it with capital wouldn't be enough and might only lead you to losses. The best thing for you to do is to learn and study at least about the basics of trading. You could find lots of resources online nowadays. It's better if you would have complete knowledge about what you will do. Try to cope up with the changes and deal with the study of market analysis.
What is the best strategy to prepare oneself before entering the trading market?
Research everything on coins that you want to invest, prepare for any outcome you will face on the market and so on.There is so much stuff to prepare before entering the trading market. Different user have their own way to prepare stuff to trade. See which one works best for you in this forum and try it yourself before sticking it and use it for your own strategy later, people succeed with their strategy doesn't mean you can follow that easily.
In short making a portfolio is important in trading. You should have top 10 coins, high risk coins , low volume coins and few meme coins too in your portfolio. Making a diversify portfolio will help that you gain maximum profits and do not miss out on gains.
You can try to setup demo trading account and trade in real based system that takes all the market predictions and give you some basic experience that how the trade will go on.Then do all the market research and use amount you are willing to loose and then bear them, never be emotional and risk high amounts.Rest you will learn a lot with your journey in the market with experience.Learn a lot and make some strategies and have sound portfolio that will give your profits also.
Keep yourself knowledgeable and updated not just with the basics but definitely more on the strategies and techniques that will make your trading profitable. Its a good idea that you try first with a demo trading account so that you will be aware on the usual scenario in trading and eventually learn how to end up successfully. Although its quite different when you're in real trading, but experience will definitely teach you how to trade with minimal losses. And start trading even with a small amount since you are more prone to losses at first. Eventually, you will develop your own skills and strategies in trading from your various experiences that will help you develop as a good trader. 
You can try to setup demo trading account and trade in real based system that takes all the market predictions and give you some basic experience that how the trade will go on.Then do all the market research and use amount you are willing to loose and then bear them, never be emotional and risk high amounts.Rest you will learn a lot with your journey in the market with experience.Learn a lot and make some strategies and have sound portfolio that will give your profits also.
Keep yourself knowledgeable and updated not just with the basics but definitely more on the strategies and techniques that will make your trading profitable. Its a good idea that you try first with a demo trading account so that you will be aware on the usual scenario in trading and eventually learn how to end up successfully. Although its quite different when you're in real trading, but experience will definitely teach you how to trade with minimal losses. And start trading even with a small amount since you are more prone to losses at first. Eventually, you will develop your own skills and strategies in trading from your various experiences that will help you develop as a good trader. Jump to: