Things to know before trading:-
Before making trading I think take a time to learn basics about the trading so educate yourself or handle basic first, take a knowledge before you invest it helps you, more knowledge is the first key of trading for beginners don't jump blindly in trading. when you properly understood, then it can help you make a lot of money, but you can also lose all your money because there is risk also.Make your plan, set your times and stick with your plans. Don't plan in a greedy way think realistic expectations. Learn to stop the risk or loss. Take advice an expert. In trading you need to be have patience don't be take decisions in hurry. 🙏
Topic: Things to know before trading. (Read 254 times)
The old rule remains the primary rule; invest what you can afford to lose, trading is one of the riskiest part in cryptocurrency investment as you can lose all your money in one trade. If you don’t have a good trading skill i will advise not to rely on trading signals as it is most time wrong unless you can combine it with your own market analysis.
Yes of course trading involves risk and without Risk you can not make it in all ramifications of investment, apart from having good quality or skill of trading before you could make it, so relating it to other business oriented, the more you are serious to a business the more the business yields profit, been a perfect trader depends on your experience of market, the movement of candle sticks, all these determine the profit and lose which involves in trading investment, it's very obvious that cryptocurrency trading have handicapped people because of inability to understand it's rudiments or concept. 
- Hodling is easier than Trading.
Only if you have patience and invested in the best cryptocurrency like bitcoin because hodling a shitcoin won't benefit you anything.It is easy compared to trading but going all through panic sell and FUD is not that much easy for many but those who have hold btc for long term don't need to worry anything. 
If you don’t have a good trading skill i will advise not to rely on trading signals as it is most time wrong unless you can combine it with your own market analysis.
Signals are always wrong and if by some coincidence they become right that means the shitcoin was small and they successfully pumped or dumped it after giving the so called "signal" since the sheep following them listened!
The old rule remains the primary rule; invest what you can afford to lose, trading is one of the riskiest part in cryptocurrency investment as you can lose all your money in one trade. If you don’t have a good trading skill i will advise not to rely on trading signals as it is most time wrong unless you can combine it with your own market analysis.
I do advise people not to invest on what they can afford to loose, having this clear understanding, make a progress to research about it, make consultation both in person and online, resist any iota of fear and verify the authenticity and genuity, put down your wallet keys written in a book and make it confidential, know your tax billing schedule and choose a considered reasonable trading platform that best suite your choice.
Investing what you can afford to lose has saved a whole lot of persons from emotional trauma. Building confidence over time as you rightly stated will give you Mastery over the years and build your account irrespective of the number of times an account was blown 
it can be very rewarding and it can wipe you out completely.
Trading can result to gain or loss, but it can result to loss because the chance of it to result to loss is more than the chance to gain, only people gaining from trading are experienced traders that have suffered losses in the past, there is no how someone will just start and not have emotions and losses. Secondly, you must have control over your emotions and have financial discipline.
This is the reason I like to just hold because there is much financial discipline for holders than traders, if someone start to trade, emotions will set, result to financial indiscipline and losses.
Trading is a two-way thing: it can be very rewarding and it can wipe you out completely. There are basic things about trading that every aspiring trader must be aware of. Trading requires skill and a lot of practice. There is so much you can learn from your coach while being trained. However, the main knowledge is gained by constant practice! practice! practice!
Secondly, you must have control over your emotions and have financial discipline. Above all, do not commit more than 10% of your trading capital to any trade and trade with money you can afford to lose.
Secondly, you must have control over your emotions and have financial discipline. Above all, do not commit more than 10% of your trading capital to any trade and trade with money you can afford to lose.
This are not technical guides to make someone safe in trading, I think I would use your guide in investing -basically- than trading, I have started trading without the use of demo and your guides are something that are part of me but in the real Field of trading they really don't help when in difficult circumstances.
I think newbies trader have to learn trading more than anything, like the real trading and not guides in investing. So for a trader or a semi trader I think you haven't traded much to have enough experience to give out.
I think newbies trader have to learn trading more than anything, like the real trading and not guides in investing. So for a trader or a semi trader I think you haven't traded much to have enough experience to give out.
If you are just holding a coin then certainly you aren't trading you are only investing in the project. Even though both can be analyzed using both fundamental and technical analysis trading is very much different from holding. In holding you have to do a deep research about the project while for trading all you need is getting a good point in the market where you can comfortably buy or sell placing your stop loss and take profit for risk management purpose
But evan if you are a crypto investor then you certainly do want to look for opportunities to sell a certain percentage of your coins. The goal here is not to keep the coins forever, it is to sell a certain percentage of your coins while making money. This is what we all are striving to achieve in the end - to maximize the return for our investments.
If you are just holding a coin then certainly you aren't trading you are only investing in the project. Even though both can be analyzed using both fundamental and technical analysis trading is very much different from holding. In holding you have to do a deep research about the project while for trading all you need is getting a good point in the market where you can comfortably buy or sell placing your stop loss and take profit for risk management purpose
First things must know before trading.
- Hodling is better than Trading.
- Hodling is easier than Trading.
- Hodling gives you more time to be free from computers.
- Hodling brings better health for you: physically and mentally.
- Hodling is better than Trading.
- Hodling is easier than Trading.
- Hodling gives you more time to be free from computers.
- Hodling brings better health for you: physically and mentally.
Holding is different than trading. Holding means you are dependent on the market for your profit. Trading helps you to generate instant profit if you know what you are doing. Risk in trading is significantly high but profit too. Also if everyone holds then how do you think your holded asset will generate profit for you. Therefore never compare holding with trading.
Number 1 rule have to be you can make much gains by buying low and selling high than buying high and thinking you could make so much gains in a short while. You will have to reduce the greed index level in your mind, because no matter how much you hope to make it can never be bigger than the gains you have been making. Always HODL, be disciplined. Don't chase your losses. These are basic facts.
First things must know before trading.
- Hodling is better than Trading.
- Hodling is easier than Trading.
- Hodling gives you more time to be free from computers.
- Hodling brings better health for you: physically and mentally.
It depends on "what" you are holding. Not everything has enough long term potential to be held, majority of altcoins for example will surely be worth lower than their current prices. The only thing having long term potential is bitcoin which is why holding has always worked very well for it. - Hodling is better than Trading.
- Hodling is easier than Trading.
- Hodling gives you more time to be free from computers.
- Hodling brings better health for you: physically and mentally.
I have been in Cryptocurrency for few years now and I've been meeting different people that are new in trading most of them have been complaining that they are losing their money...
I've also been in crypto for a few years and my experience is the same. I've met people who tried to make money by trading cryptocurrencies and almost all of them are disappointed, got stressed, and eventually quit. I myself tried to actively trade only to find out that the idea of earning through trading is a lot easier imagined than done. I was a better trader only when the market is all green. Well, perhaps crypto trading is not made for all of us.
And learn how to stop loss.
Traders have to cut their losses if it's necessary but for holders, losses that happen within a day doesn't really matter.
But for traders, it is very important to check it out and cut the loss they have incurred before it goes higher.
Traders have to cut their losses if it's necessary but for holders, losses that happen within a day doesn't really matter.
But for traders, it is very important to check it out and cut the loss they have incurred before it goes higher.
A thumb rule for anyone to be a successful trader is "Buy low and Sell high".
No matter what kind of trading your are trying to do with crypto but you shouldn't have to violate the rule 1 then you.will ne a profitable trader and the experience can teach you further things better than reading from a book.
No matter what kind of trading your are trying to do with crypto but you shouldn't have to violate the rule 1 then you.will ne a profitable trader and the experience can teach you further things better than reading from a book.
Trading is very risky but some good traders are turning it to good profit, there are people that trade daily and earn daily, they know the right time to enter and the right time to close, but trading is not for everyone but holding can be for everyone because it is easier than trading.
3. Do not depend on any trading signal from any site or anywhere, trading signals do fail. people giving you the signal are just like you.
4. You don't have to invest all your funds in Cryptocurrency. I believe you should invest the little amount you can afford to lose. Make sure you are having extral money which you can be spending to avoid selling coin at loss sometimes due to emergency.
All people that depends on signal and do not know how to trade for profit will lose, that is just it, you are right. If I have $100, I can only use $10 to trade use $90 to invest, it is good to use very low amount of money for trading because it is risky but profitable if learned well. 4. You don't have to invest all your funds in Cryptocurrency. I believe you should invest the little amount you can afford to lose. Make sure you are having extral money which you can be spending to avoid selling coin at loss sometimes due to emergency.
First things must know before trading.
- Hodling is better than Trading.
- Hodling is easier than Trading.
- Hodling gives you more time to be free from computers.
- Hodling brings better health for you: physically and mentally.
- Hodling is better than Trading.
- Hodling is easier than Trading.
- Hodling gives you more time to be free from computers.
- Hodling brings better health for you: physically and mentally.
It depends on the guts that the investor have, if he only wants to play safe and patient enough to hold then do it.
But if people are knowledgeable and determine to explore and deal with the market volatility then he should study technical analysis and make his money grow.
Not all people are patient enough to just hold and store their money in one place, if you are scared of risks in the market then trading is not for you and your growth will become much slower compared to those who are working hard to improve their trading investment.
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Most newbies are experiencing these.Getting FOMO, following hype only, being panic (sell or even buy), willing to be rich very soon, willing to get high profits very soon because the people they are following are able to take profits highly and significantly. Sometimes, they only focus on seeing other people getting richer or getting more profits, but he is not able to do that and then falling. Big regret and disappointment, they will face these.
That is why if we are starting to trade, better to learn at first about the crypto, the strategy, risks, and everything, including being ready for any kind of risks.
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Number 2-4 may be true enough, moreover, if the funds are free funds in which we will not use them for a long period or even ready enough and not mind if this will lose someday. But about number one, I think it will depend on each person. I know that trading will really take our time much. But, for those who are doing trading often and also well, I think that trading is also a good choice. Different people may have different strategies and also choices.
And one person may also do both trading and also holding (depend on fund diversification).
What do you mean by this? Can you give me some concrete example how to apply stop-loss after buying a cryptocurrency?
Read these and many more sources about Stop Loss or CLhttps://www.investopedia.com/articles/stocks/09/use-stop-loss.asp
https://academy.binance.com/en/articles/what-is-a-stop-limit-order
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