Things to know before trading. - page 3.

Yamifoud

hero member

Activity: 2744

Merit: 517

★Bitvest.io★ Play Plinko or Invest!

Quote from: juliepower on September 23, 2021, 02:07:45 PM

Things to know before trading in my opinion firstly you have a good knowledge about Bitcoin how it works without knowledge nothing can be done. You have to be patience to earn profit. Make plans and strategies before pitting on investing. Keep update. Whenever you puting your amount put a small amount that you can aford to lose before putting search deeply about market where you are going to putting.

Patience will always be the key either in trading or investing. Nobody was able to reach their goal and succeed without this thing. Trading wasn't be all the time in success but more often we'd suffer losses due to uncontrollable market and so our emotion.
That is why we need to take a look at ourselves and see's if we can really manage to trade or we need to stop dreaming of becoming a trader. We don't need to urge ourselves for the fact that at the end of the day, we only have to suffer losses.

Trouvaille

jr. member

Activity: 46

Merit: 1

1.Before trading you must truly study and understand cryptocurrency knowledge and find a trading strategy that suits you.

2.It takes a lot of time to research and analyze market trends, and do a good job of risk management to reduce losses.

3.Learn to control your emotions. Always keep a calm mind when trading and try to avoid being affected by market sentiment.

juliepower

member

Activity: 200

Merit: 12

Things to know before trading in my opinion firstly you have a good knowledge about Bitcoin how it works without knowledge nothing can be done. You have to be patience to earn profit. Make plans and strategies before pitting on investing. Keep update. Whenever you puting your amount put a small amount that you can aford to lose before putting search deeply about market where you are going to putting.

Aurorra

newbie

Activity: 27

Merit: 1

Before trading you need to have a wealth of knowledge reserves, and having a sufficient trading foundation will help you succeed. And you must have a positive attitude to trade.

Trading needs to withstand the test of time and have enough patience, always pay attention to the price trend and buying and selling of the encrypted market to formulate trading strategies.

mksundip

full member

Activity: 726

Merit: 100

about risk management it seems this could be the main choice. because in a trade there must be a risk of loss or risk of failure. so in my opinion this should be controlled, planned and adjusted based on the existing management. This is very useful for anyone so that when trading does not experience losses

jambul_kribo

sr. member

Activity: 980

Merit: 250

Quote from: Rehan Zakir on September 22, 2021, 03:17:08 AM

You have discuss the most important things for trading. Because it is not a simple task to do trading. Learning is very important for trading. SO, first we have to learn the most important points about trading. If you are a newbie in trading then learn how to trade. and after that learn about the technical and fundamental analysis. These are the most important points for trading. This will help you for trading. So, first learn and then start earning.

i think alot thing we need to talk especially trading skills and money management knowledge, trading was not easy stuff that could do anytime without any preparation at all. even experienced traders still improve their skill to get more competitive in market. trading skill , money management and pcychology was common thing we should prepare before start our trading journey.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: Rehan Zakir on September 22, 2021, 03:17:08 AM

You have discuss the most important things for trading. Because it is not a simple task to do trading. Learning is very important for trading. SO, first we have to learn the most important points about trading. If you are a newbie in trading then learn how to trade. and after that learn about the technical and fundamental analysis. These are the most important points for trading. This will help you for trading. So, first learn and then start earning.

Keep learning and enhancing your opportunities. Trading is not easy and, like how it was described, you need to earn more knowledge
If you want to extend your opportunities from this business,. There are many newcomers who lose their money while dealing in this market.

Having the right mindset will help you survive, as long as you are willing to adjust and you are willing to explore all the opportunities
from this market, it's still good enough to continue your trades.

dunfida

legendary

Activity: 3080

Merit: 1131

Quote from: Issa56 on August 20, 2021, 07:13:09 PM

Many people have been investing in cryptocurrency, and some have been complaining that they are losing money, particularly newcomers, so I believe this will really help you as a trader. The following will guide everyone to be a successful trader.

There are four keys to successful trading.

1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.

3. You must give yourself time: Because cryptocurrency requires patience and dedication, you should not rush to make money at the same time This is impossible since if you buy a coin now, it may take weeks or months for it to pump, so don't expect to make money quickly with cryptocurrencies. Give yourself time to investigate and plan. Because trading is a long-term endeavor, you must devote sufficient time to learning.

4. Dedication and commitment: If you truly want to be a good trader, you must be able to devote all of your time to it. Since you are making money from it I believe it really worth giving all your time.

5. Dont be emotional and dont tend to listen up others calls and suggestions because we are just all predictors on here.

6. Proper capital handling (Well its part of risk management)

7. Dont make use of loaned money for you to trade off.

rahmatullah9305

full member

Activity: 983

Merit: 100

Yes, these four points are important lessons for traders. The success of a trader is very dependent on patience and the ability to take the time to continuously monitor market conditions. The most important factors are in points one and two in my opinion. A trader's knowledge must be complete with techniques and strategies that are suitable for use in trading, meaning that market conditions change from time to time and must continue to be studied so that the strategies we use do not fail. Furthermore, risk management is the main key, we can even easily lose all assets if we don't care about the risks in trading.

Mamun74

full member

Activity: 1358

Merit: 104

I think trading is not easy way to get profit. When you start trading then you need to know good experience about trading and you need to trading signal. Patience is necessary to trading. Research good coin or token and buy for trading. Trading skill must be needed for trading.

coiner-88

member

Activity: 537

Merit: 10

The time factor is vital and amateur merchants ought to comprehend that exchanging isn't pretty much as simple as they suspected and that on the off chance that they actually take a look at appropriately the foundation. There is no stop time to looking into exchanging on the grounds that the market will consistently go all over, and on the off chance that you don't find out additional, you won't get an opportunity to make a benefit.

imstillthebest

full member

Activity: 1638

Merit: 122

among the four list the fourth one is the most important of them all because without it you wont be able to continue doing the three acts .
when you start your journey to become the greatest trader of the world you will find yourself loosing or earning but not good enough but this shouldnt stop you ,
you shouldnt only be motivated if your earning and your earning nicely because this dont come first in the process .

Rehan Zakir

member

Activity: 812

Merit: 53

You have discuss the most important things for trading. Because it is not a simple task to do trading. Learning is very important for trading. SO, first we have to learn the most important points about trading. If you are a newbie in trading then learn how to trade. and after that learn about the technical and fundamental analysis. These are the most important points for trading. This will help you for trading. So, first learn and then start earning.

pelumi20

member

Activity: 712

Merit: 15

SmartFi - EARN, LEND & TRADE

For me the number one thing you should know before going into trading is that you are not going to get rich overnight as trading is a skill that requires time to master. So as a trader you have to be willing to submit to time and process you have to be dedicated and committed to mastering the skill before it can liberate you.

The number two thing you should know is that you are going to lose money, so don't beat yourself up when that happens.

JooBra

full member

Activity: 1204

Merit: 162

Quote from: pelumi20 on September 20, 2021, 05:21:09 PM

All you have mentioned are necessary for a trader to have before he or she can trade profitably but you forgot to mention psychology. Psychology is very very important in Trading as the saying goes that trading is 20% strategy and 80% psychology. All successful Traders develop their psychology they try to detach themselves from the positive results and the negative results. Thereby they are able to trade without emotions and make good decisions.

That is kinda hard to do. Imagine if you are trader for living. I guess that puts more pressure on trades and how good or bad trades affect you. It isn't easy job for sure.

pelumi20

member

Activity: 712

Merit: 15

SmartFi - EARN, LEND & TRADE

All you have mentioned are necessary for a trader to have before he or she can trade profitably but you forgot to mention psychology. Psychology is very very important in Trading as the saying goes that trading is 20% strategy and 80% psychology. All successful Traders develop their psychology they try to detach themselves from the positive results and the negative results. Thereby they are able to trade without emotions and make good decisions.

Cadaver20

sr. member

Activity: 1442

Merit: 264

Quote from: Issa56 on August 20, 2021, 07:13:09 PM

1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

The most important and difficult thing is to find a good strategy. Most beginners face this problem first. And to find this strategy you need to have some knowledge about trading. It is better not to trade in emotions.

doremonchina

jr. member

Activity: 210

Merit: 1

if anyone start trading first decide and make proper plan in there mind and learn some trading tips and watch tutrial and select any one broker and briefly study about stock exchanges and keep eye on market and research on it and as wel control there emotions and feeling because trading with emotions is not well if they learn well about these major things then open your trading account on any major and secure platform one you see some exchange then compare to another exchanges if you satisfied then start your trading carefully

raji1995naya

member

Activity: 812

Merit: 10

We should be clever enough in trading to take safeguards, especially when there is no guarantee. Always examine the top gaining aspects before selling an item so you can determine what's ideal for your pleasure. Before taking action, risk considerations must be addressed.

BruceLee98

jr. member

Activity: 31

Merit: 1

First of all the trend is your friend. Never go against the trend. Crypto trading requires maximum discipline. Without proper discipline in the market you may end up getting frustrated. Always carry out your ow analysis. Set a daily or weekly target this will help control your greed.

Topic: Things to know before trading. - page 3. (Read 855 times)