Topic: Safety first before trading (Read 1049 times)
If we take into account the recent research carried out by the Dashlan company, it turns out that almost 75% of the 35 top-rated cryptocurrency exchanges have very strong vulnerabilities and each user is at risk of losing their funds. For example, a significant portion of exchanges do not require both numbers and letters. Also, some cryptocurrency exchanges do not prefer tools that can be used to assess the strength of the password during the registration process. But nevertheless, it is on the trader that security primarily depends, because it is the choice of a cryptocurrency exchange for trading that offers several levels of account protection that will secure the trader's assets.
Research before trading is good but is not always worth depend how situation with bitcoin first time, what for waste time for checking with some coin before investing and looks good chance to buy, but several later bitcoin have lower price and we have forget how many time research and checking with our coin investing, altcoin always put and depend their price with bitcoin.
There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely
https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp
Research is a normal thing everyone is meant to do before they get into something new, I don’t know why some people would hear about cryptocurrency and they just get in and trading blindly without having a simple knowledge of what they are about to get themselves involved in. It’s really wrong, before you do anything you should first understand everything about that, not just running into what you have no clue about it.https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp
When I decided I am going to start cryptocurrency trading I read a lot online and was even watching videos and also going for some paid courses in my locality to know better. If not that, you’re going to be learning the hard way and be falling into scams.
Trading is the best way to make money in the cryptocurrency world. So many people try crypto trading without proper preparation.
Of course this is very risky, especially when crypto prices are very volatile. So in my opinion it needs careful preparation, and most
importantly, safety first before trading is one of the preparations for trading that must be done. The most basic safety first thing to
do is stop-loss and taking profits in my opinion.
Of course this is very risky, especially when crypto prices are very volatile. So in my opinion it needs careful preparation, and most
importantly, safety first before trading is one of the preparations for trading that must be done. The most basic safety first thing to
do is stop-loss and taking profits in my opinion.
Though trading is one of the best way to generate money but it has risk also. Anyone can lose his capital here if he/she doesn't follow the trend of trading very well. many people are losing money daily because they don't know the basic rules of trading.
Quick gains always bring losses the newcomers are more vulnerable and lose everything and leave the market. You need to know the business before you trade and you need to monitor the market well over time. Using your skills you should try to learn the techniques before trading and stay away from new sites these are more scams.
From the very beginning, you need to understand that you do not need to chase quick profits.
Understanding and having basic knowledge about trading is essential, do not be greedy and book profits unless it is for long term , Stop loss is a must if you need to survive in trading and this is my personal experience, Do not trade just blindly unless you are aware about it.
I'm not going to belabour this topic but honestly it doesn't seem to stop amusing me the way people talk about trading as if it's the only risky business in the world. Come to think of it, every business venture is risky. The only thing with trading was that a lot of people jumped into it thinking it's an easy way out - a Get Rich Quick scheme. Now, those who got stung by the half truth know it isn't so. Perhaps they're the ones crying wolf. If anyone must trade (either Forex or Crypto or both), go get the required set skills for it. It's a job, not a gamble. Get the right education for it.
From the very beginning, you need to understand that you do not need to chase quick profits.
Many people loose their fund in this market even experienced traders also lost everything. From my personal experience only 2 to 5 percent people took profit from this market and other more than 90 percent people lost their money in the market. So risk management is very important in this market. You mose concern should be how to safe your capital. Profit is too far away. First you need to learn risk management.
4 things to note are correct but the presentation is quite vague. I think newbies should look to the books that teach trading of their predecessors, which will be how the newcomer can understand the difficulties as well as the process of a real trader. Meanwhile, the traders will understand better about the truth as well as the truth when trading. Such experience will help the new traders define a trading strategy more easily. and of course, the knowledge in the book will still be reasonable as well as much clearer when read in magazines. I encourage you to read this book, The Market Wizards Series by Jack D Schwager 
I believe that for every trader, the most important factor in safe trading is risk minimization, which can be carried out primarily thanks to the stop loss function. But only the correct settings for this function can protect the trader from unforeseen moments of fluctuations in the cryptocurrency rate.
Sometimes we tend to forgot to set the stop loss function that results for a big losses, on terms of these instance we should better also have actual emergency fund so whenever we need money for expenses and the market is not doing well we will not opt to sell our potential coins that may still arise in value after it's decline. Don't ever trade all in your money without having extra fund for emergencies and don't forget to stop losses especially if the project were not really for long term investments. Preparing yourself is far better before jumping to this business. Having a good emergency funds will allow you to keep holding your assets
and not to be worried, fear will not eat you up while you are still inside this market.
Regarding to stop and loss you need to know how things works it's a good tools but also can be a reason of your losses, mostly inside crypto
market as the nature is very volatile.
I believe that for every trader, the most important factor in safe trading is risk minimization, which can be carried out primarily thanks to the stop loss function. But only the correct settings for this function can protect the trader from unforeseen moments of fluctuations in the cryptocurrency rate.
Sometimes we tend to forgot to set the stop loss function that results for a big losses, on terms of these instance we should better also have actual emergency fund so whenever we need money for expenses and the market is not doing well we will not opt to sell our potential coins that may still arise in value after it's decline. Don't ever trade all in your money without having extra fund for emergencies and don't forget to stop losses especially if the project were not really for long term investments. Preparing yourself is far better before jumping to this business. Having a good emergency funds will allow you to keep holding your assets
and not to be worried, fear will not eat you up while you are still inside this market.
Regarding to stop and loss you need to know how things works it's a good tools but also can be a reason of your losses, mostly inside crypto
market as the nature is very volatile.
I believe that for every trader, the most important factor in safe trading is risk minimization, which can be carried out primarily thanks to the stop loss function. But only the correct settings for this function can protect the trader from unforeseen moments of fluctuations in the cryptocurrency rate.
Sometimes we tend to forgot to set the stop loss function that results for a big losses, on terms of these instance we should better also have actual emergency fund so whenever we need money for expenses and the market is not doing well we will not opt to sell our potential coins that may still arise in value after it's decline. Don't ever trade all in your money without having extra fund for emergencies and don't forget to stop losses especially if the project were not really for long term investments. 
Safety need for everything not only for a wallet. I think everyone needs risk management safety. Suppose if you invest $1000 and got some standard profit you should backup your $1000 to full free from any tension if don't has much money. And sure before investing you should know where are you investing.
Investing properly is another part of managing your resources. You need to do a research on the project because money management won't matter if the project isn't progressing. I bought a coin in the past but after few months it dropped 200% and I was left with nothing .
That's right, security should come first. Also, you need to minimize the risks as much as possible, then you will not be able to lose everything.
I know only one way to minimize risks when trading, it is to work only with large exchanges, and everything else depends on luck.There are really situations on where those people who do only have limited or little knowledge about trading do really make out some profits even into its limited information
yet we cant really deny that luck do really have some part where it can really affect someones trade even though no matter how good he is or noob but there are instances
where you can make money in spite of lacking those capabilities but those luck wont really last long yet sooner or later you would really experience mistakes and which causes
for you to lose money and thats the time you would consider on learning things up to reduce risk.
That's right, security should come first. Also, you need to minimize the risks as much as possible, then you will not be able to lose everything.
I know only one way to minimize risks when trading, it is to work only with large exchanges, and everything else depends on luck.That's right, security should come first. Also, you need to minimize the risks as much as possible, then you will not be able to lose everything.
I know only one way to minimize risks when trading, it is to work only with large exchanges, and everything else depends on luck.when your secure your already minimizing the risk along with that but minimal risk does not meant that you will now not loose any . theres still a risk , only small and you can also loose small but thats better than loosing big .
I totally agree that when we trade, don't focus too much on chasing profit, but safety first must be prioritized. Because if we focus on profit,
usually all of our plans fail if it turns out that our strategy doesn't go according to plan. Here mistakes are often made by traders, in the end
blaming the coins that have been purchased. Even though crypto trading is activities that have a very high risk, so actually it is obligatory to
prioritize safety first.
usually all of our plans fail if it turns out that our strategy doesn't go according to plan. Here mistakes are often made by traders, in the end
blaming the coins that have been purchased. Even though crypto trading is activities that have a very high risk, so actually it is obligatory to
prioritize safety first.
I believe that for every trader, the most important factor in safe trading is risk minimization, which can be carried out primarily thanks to the stop loss function. But only the correct settings for this function can protect the trader from unforeseen moments of fluctuations in the cryptocurrency rate.
That's right. I agree with your point. It will minimize the losses if they set it in the right spot. Most of scammers take advantage to the people that have lack of knowledge about cryptocurrency. They promise that they can grow their money after they invest. They tell that its a 100% sure that it will double or even triple. There's a lot of things to learn before trading. Its best to know and learn before trading to avoid a lot of mistakes. Jump to: