The most important things to know about trading when you're starting!(must read)

Lucasgabd

legendary

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Merit: 1113

There's no need to be upset

Quote from: lhung on September 17, 2018, 11:20:22 AM

If you want to become a good trader, you should set for yourself a system and do it seriously.
There are websites of crypto that you should know :
- https://coinmarketcap.com/
- https://www.tradingview.com/
- https://cointelegraph.com/
And necessary documents to begin trader https://optimusmarkets.com/files/Trading_in_the_Zone_Mark_Douglas.pdf
Good luck

Mark Douglas has some really good books indeed.
"trading in the zone" and "the disciplined trader" are must reads!

lhung

newbie

Activity: 296

Merit: 0

If you want to become a good trader, you should set for yourself a system and do it seriously.
There are websites of crypto that you should know :
- https://coinmarketcap.com/
- https://www.tradingview.com/
- https://cointelegraph.com/
And necessary documents to begin trader https://optimusmarkets.com/files/Trading_in_the_Zone_Mark_Douglas.pdf
Good luck

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

I was commenting to this post and realized this subject deserved a topic by its own.

knowing this would save me a lot of money when I began.
Imo these are some of the rules that all the people who's starting on trading, crypto and bitcoin should know

1. never invest what you can't afford to loose.

no: it's not ok to invest your rent money, to loan, borrow money with friends or whatever.
this will make you trade out of fear and as Mark Douglas says in his books this is never a good decision.

2. study study study, read read read, before buying a project. (have you ever heard of DYOR?)
3. know how to identify a SCAM project so you don't throw your money away.
4. understand market cycles so you don't buy tops and sell bottoms

5. understand the concept of risk/reward. trading (and investing as well) is about finding assymetrical opportunities.
6. understand the difference between a private and a public key.
7. ALWAYS pay attention to where you're sending your funds. BTC and many other alts transactions are irreversible, you can bur your money.
8. ALWAYS have a backup of your passwords for wallets and your private keys.
9. use a VPN while surfing online
10. don't trust, verify.

In your opinion:
What are some of the rules/things that begginers should dig into before investing in crypto?

I'd recommend you to check Secretsofcrypto post on his rules as well:

Topic: The most important things to know about trading when you're starting!(must read) (Read 126 times)