Entering the trading market - page 6.

carlfebz2

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

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

Before entering the market.

1. Know the basics on how this market behaves
2. Avoid on things which are possible scam
3. Dont make your hope too high which presuming that trading or investing on this market is easy.
4. Be consistent
5. Dont let your losses make you quit directly
6. Proper money management.
7. Experience is the best teacher.

You would really gain up other things through experience along the way.

jaberwock

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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 don’t think there is anything like a strategy for preparing yourself unless maybe you just talking about what you’re meant to do just to be ready. If you’re going to be talking about a strategy then I guess you mean the skills you need for trading in the crypto currency markets.

But, first of all when it comes to getting yourself ready, you have to be prepared mentally and know that there are risks that are involved in trading crypto currency. You have to understand that it is not all the time that you are going to be making a win in the market, there are times that you can see losses. So, you just have to be ready for all these things. Then after preparing yourself, it’s all about learning the skills that are needed for trading.

chuckweitzman

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The best strategy would be to get a motive to enter the market, set targets or use stop losses, learn risk management. Don’t go just for cheap rates when buying, pick a potential crypto currency to trade and most importantly, trade consistently.

ultrloa

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Quote from: ?? on ??

Before entering the trading market, make sure that you have proper knowledge on it, this is not gambling on which you only need to rely on luck, that is really different in the trading market, you should gain knowledge first before you do trading, expect that you may lose on your first experience but it's alright and its normal for a newbie, just make sure that every training experience you had, there is a lesson that you have gain on it.

Sometimes luck occurs to us especially if we don't expect that the token or coin we bought will pump high as we expected and for sure this occur to us and we tell ourselves that we are lucky to buy that token in perfect time. But this one will never happen always that's why technical analysis is important and that should be learn by newbie so that they can track the possible movement of the market and will not miss out on certain scenario happen in the market.

Kanjeung

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mental health, personal analysis, reliable information or sources about crypto or the market and money. when you have money I give advice, never buy tokens with high prices and 100% of your money (don't spend it). because I have experienced it. prepare mentally strong when your token or coin goes down. Never mix your personal money with cryptocurrency money, because when the price drops and you have no money, your assets will definitely be sold, and you will lose.

Victorycoin

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The market is not stable you have to learn the basics well with research whenever you spend enough time on the market chart, you will have a good idea about the market which will also give you a very good idea about when where, and how the market will be located only by looking at the daily chart will you be able to understand the right trend.

ipanks

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

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

When I was new to trading, I just watched the price first before buying a coin. If the red candle comes, I will prepare to buy at another lower price and just wait until my order is filled. If it does not need too long to see the order fills, I will prepare to sell at the high price and if on that day, the price does not increase, I will still wait for more until the price increase. If everything is good, I will be able to make a profit, but I cannot wait for more if it is not.

Trading is not as simple as we think because we need to learn many lessons, including knowing the right time to enter the market. What I describe above is just my experience when I was still new in trading. But soon, after you are familiar with that, you need to learn more about trading.

taufik123

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and in essence, technical analysis and fundamentals are very important to learn. Because prediction is not just guessing where the market will go, but using analysis using some of the indicators provided and seeing the latest news about cryptocurrencies.
The analysis will not be 100% accurate, but it will be helpful to see where the price will go.

TheEconomists

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

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

Proper knowledge of what trading is all about and not just because of anxiety of how to make big money in crypto currency trading. You have to learn how to interpret chart and trend and at the same time you have to devote your time in reading news in relation to Bitcoin and crypto currency in general as that will help you make an informed trading decision.

SyndicateLabs

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

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

crypto is a flexible, attractive investment channel that has attracted the attention of many investors. However, not everyone is knowledgeable and ready to trade in this market. From personal experience, I see things that need to be prepared:
1. background knowledge of the market
2. prepare capital
3. devices to serve work such as computers, phones...
4. time
5. source of market information
6. clear plan
That's the theory, but in reality, everyone will have a trading method to suit themselves, and at some point we have to admit the method is drawn from real experience, wish you success soon.

Zilon

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

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

Your emotions and greed. If you can deal with this two no matter what other strategy you deploy it would certainly pay off provided it's worth trading. This two killing trading limitators has made even professional traders with very profitable setups lose out of a trade even to the point of raising down an account. For me no other strategy is more superior to your control over your greed and your emotional approach towards the market

SquallLeonhart

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Quote from: Questat on September 29, 2021, 09:48:36 AM

anyone who plans to enter trading must have assessed themselves first before stepping in. But somehow, this has been not quite followed but the skip into actual trading. It is literally a mess for them and can't expect that they will be able to survive but expecting their losses.
We should also have to know that even we have enough money to start trading doesn't mean that it all be okay, it should be accompanied by knowledge and skill which is somewhat been missing for most traders. Well, learning something from our mistakes will serve as guidance for a better future.

That is because they fear missing out. FOMO is a real thing and people get in as soon as possible because they want to make profit from crypto and they see others do it so they assume they can do it as well. They do not realize that most of those people have been here and learned how to trade and got lucky sometimes as well, like trading during bull market or even investing beforehand means you could make a killing in the market and make a huge profit, as much as 10x in span of half a year, but that is not something veteran traders do constantly, that is something we just do sometimes and not at all times. Newbies do not realize this and they jump in right away thinking they could get rich.

RiskySanchez

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

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

Don't forget to read the market situation and news globally because that's how you know market conditions. If you understand technical analysis in general terms such as Bearish, Bullish and sideways you can already try trading in the market, Never guess something you don't know try to read the market more carefully and try trading with low money

DarkDays

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

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

Entering the market is not rocket science.

All you need is a sound knowledge of the markets, sound knowledge of how crypto works and most of all sound knowledge of common spam strategies which often involves giving money away to somebody.

Then need to start with an amount that you're happy to lose, and then use that to build experience. Once that's done and you see you can get profit you can get to the next level which typically involves moving more money.

But don't start any of this if you're one of those people who say they don't have time to learn.

noorman0

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[Nope]No hype delivers more than hope

But the funny thing is, previously you have given trading advice in someone else's thread and now you are asking the same problem.

Quote from: sammark23 on September 27, 2021, 04:06:28 AM

There are various ways to learn the fundamentals of trading. Videos and lectures, for example, are freely available on the internet. The ideal option, however, is to enrol in a beginners online trading course. That manner, one can obtain a well-informed view on trading while having it handled by professionals. It is usually preferable to register in a course that is tailored to one's degree of knowledge rather than relying on unverified material that would be useless to a rookie.

If I was a novice trading I would avoid paid course services. There are many places to find the best and free trading material on the internet, and this forum is a great 24-hour consulting place to discuss my trading progress.

And I understand now the reason you're asking is this:

Code:

https://trustinst.com

Quote from: sammark23 on September 16, 2021, 11:53:43 PM

learn trading online

Quote from: sammark23 on September 27, 2021, 04:06:28 AM

beginners online trading course

Quote from: sammark23 on September 29, 2021, 01:45:21 AM

investment courses for beginners

Nice disguise, but still predictable

ethereumhunter

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The best strategy before you enter the trading market is to learn as many lessons as possible so you are ready to enter the market and know how to analyze because if you can not do that, you will not make a profit. You need to decide to make bitcoin trade or altcoin trade and try to search for the right time to enter because sometimes when we want to enter the market, the price is high, so we need to wait for a while until the price is down. You do not have to be afraid of losing money in trading because if you can learn from your mistake, you will know what you need to fix and prevent that in the future.

The Cryptovator

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If you read a few threads from the trading discussion board you will get a few ideas about trading before entering the trading market. So first of all you have to avoid laziness before entering the trading market. Otherwise, you can't learn anything. Trading isn't soo easy that you are wondering. Before entering on the trading learn more ad much as you can. A lot of things are related to trading. Prepare yourself for loss at the beginning. Because you can't expect profit before learn. So you must start with a small amount to avoid a big loss. Once you think you already gain enough knowledge about trading then start with big funds. Spend time to learn. And there is no alternative of patience on the trading.

Questat

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Quote from: suzanne5223 on September 29, 2021, 09:34:23 AM

Just like some people say (which I'm one of them), cryptocurrency trading is just like gambling and the best strategy to prepare yourself for what may come before entering the trading scheme is to have adequate knowledge about crypto and the risk in crypto trading. After this, you need to understand the historical data, the utility of the coin you want to trade, the exchange platform you want to use, and your level of portfolio management.

Then, anyone who plans to enter trading must have assessed themselves first before stepping in. But somehow, this has been not quite followed but the skip into actual trading. It is literally a mess for them and can't expect that they will be able to survive but expecting their losses.
We should also have to know that even we have enough money to start trading doesn't mean that it all be okay, it should be accompanied by knowledge and skill which is somewhat been missing for most traders. Well, learning something from our mistakes will serve as guidance for a better future.

suzanne5223

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Want top-notch marketing for your project, Hire me

Just like some people say (which I'm one of them), cryptocurrency trading is just like gambling and the best strategy to prepare yourself for what may come before entering the trading scheme is to have adequate knowledge about crypto and the risk in crypto trading. After this, you need to understand the historical data, the utility of the coin you want to trade, the exchange platform you want to use, and your level of portfolio management.

Rajamuda

sr. member

Activity: 924

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The important thing that must be fulfilled, basically we are able to read price movements in the market from time to time, and prepare a plan or strategy, even a backup strategy to deal with several possibilities that occur in price developments in the market.
Another one.. controlling emotions is very important when seeing prices are in a downward phase.

Topic: Entering the trading market - page 6. (Read 647 times)