Things You must know before trading !

[pablobitcobarofficial]

Crypto Cartel top crypto signal service

[R100K-Martin-Lunger]

Here are some friendly pointers to keep in mind before you dive into trading:
Knowledge is Key: Do your homework. Learn about what you're investing in. Know the ins and outs, the people behind it, and what sets it apart.
Embrace the Risks: Understand that trading is like a thrilling rollercoaster ride. It can be a bit bumpy, and there's a chance you might not always win.
Have a Plan: A trading plan is like your trusty map. It guides you, keeps you on track, and helps you avoid impulsive decisions.
Trustworthy Platforms: Make sure to use a reputable exchange for your trading activities. Safety first!
Risk is Real: Protect your investments. Use tools like stop-loss orders to safeguard your hard-earned money.
Patience is a Virtue: Rome wasn't built in a day, and neither is your trading success. Be patient; don't rush things.
Some extra tidbits:
Start Small: It's like learning to ride a bike; you start with training wheels. Begin small to get the hang of it without taking big hits.
Only Risk What You Can Lose: It's your safety net. Never play with money you can't afford to lose. Keep stress at bay.
Be an Independent Thinker: Sometimes the crowd isn't right. Think for yourself; don't just follow the herd.
No Attachments: If a trade goes south, it's okay to cut your losses. Don't get too attached; the next opportunity might be better.

[BTCETH Trader]

When we are making the investments in the Cryptos we must never forget the importance of Opening a Bank account in France. Since France is a member of the Eurozone and utilises the euro as its official currency, nearly all transactions handled by French banks are done so in the euros.
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[James Anderson]

If you are a newcomer to trading, start with an amount that you can afford to lose in case of trading losses.

[Celsius]

Several things must be carefully considered before trading otherwise you may face huge losses instead of profit in trading.  Especially when you are trading you must choose day trading or long trading first.  Never trade out of greed.  Those who face excessive greed in new trading lose all investment capital which is not desirable at all.

[Uzairmoti11]

If you are a newcomer to trading, start with an amount that you can afford to lose in case of trading losses.

Yes, you are right, If someone are new in trading investment and start with amount you can easily accept to lose in case of bad marke situation and price down. First step you can start small to learn the ropes and minimize potential losses. Focus on gaining experience and understanding market moves before investing huge amount of fund. It is necessary things you can manage risk wisely and avoid investing fund more than you can handle emotionally or financially this is important thing everyone can accept this and then start trading. Consider seeking advice from pro traders or utilizing educational resources to enhance your trading knowledge. Remember patience and gradual learning are key to long duration time success in trading strategies.

[Mate2237]

Guy trading is not for everyone because many of them will trade and lost everything they have in the process though practice make one perfect. And newbies in trading should start with either $10 or $20 to learn.

[rachael9385]

However, this is not the very first time I have been seeing this kind of threads but it is my first time to see it here as I am new person on this forum.
Although, one can not learn everything before he or she can begin his or her investment plans because an investor can learn about Bitcoin while he or she is already investing into Bitcoin.
If one is planning to learn the whole concept about Bitcoin before he or she can start investing and using the DCA method to accumulate more Bitcoin then I really believe that he or she will also have enough time to waste because while learning a lot of things will happen, things like increase in Bitcoin and decrease in Bitcoin.
So it is best to start investing when you have the money than to wait and learn before investing.

[RockBell]

If you are a newcomer to trading, start with an amount that you can afford to lose in case of trading losses.

People won't listen all they want is to make money as soon as they  starting trading their priority is now money and they carelessly pump money and just waste it because the only thing they care about is money and if that is your priority you won't go far, the thing you consider as a beginner is to learn and to earn.

[Gormicsta]

Yes it's true that you don't need to have all the trading knowledge about crypto before you can start your crypto trading journey, some things you'll learn as you proceed, and some you'll learn when you make mistakes, that's what make you a good trader. But it's very important to have basic knowledge about crypto trading before you start else you end up making unnecessary mistakes and incuring unnecessary loses.

[Zilon]

Very useful post thank you. This things doesn't just happen overnight as rightly said it takes starting the knowledge acquired and then learning more as progression continues. One cannot exhaust the information and depth of crypto even after 5 years of experience, it is one world of continuous learning and progress

[Cryptomultiplier]

Very useful post thank you. This things doesn't just happen overnight as rightly said it takes starting the knowledge acquired and then learning more as progression continues. One cannot exhaust the information and depth of crypto even after 5 years of experience, it is one world of continuous learning and progress

The post is very well organized and it is more like a wake up call to those who have given up hopes to learn trading or complete any trading classes they formerly started at a time.


The 1% risk rule involved in trading is more as a guide to ensure a potential trader stays disciplined and not entirely loose so much, so that they regret such an investment.


OP mentioned something about not using signals for trading but I believe a more accurate and legit Crypto trading signal site would do much to assist a professional trader make trading decisions, than it would a newbie trader still trying to understand how the market works.

[Syedbesharat]

Having knowledge is indeed powerful, especially in the rapidly expanding crypto market. The market movements can either make you rich or poor within days. While studying is crucial for any crypto adopter, it is equally important to make daily investments and decisions to gain confidence and profit. These practical actions are the lifeblood for any crypto adopter. So, remember to study, but also be practical in the crypto space.

[Idrishad]

additional to your post Before you trade, it is essential to understand and be prepared for the complexities of the financial markets. The following information should be known to you before you trade:

[1] Devolution: Cryptocurrencies are not controlled by a central body like a financial institution or government, in contrast to traditional financial systems.
Block chain, a decentralized ledger that keeps track of transactions over network programming, ensures encryption and transparency, is used by the majority of cryptocurrencies.