how to start cryptocurrency trading

[Dr.Bitcoin_Strange]

Choose wallet for crypto. For starters, you need to choose and set up a cryptocurrency wallet and pick an exchange to trade on
Choose the place for exchange
Diversify your portfolio
Take time for research
Buy by fractions and keep balance
Check local regulation
Don't invest your last money

I hope you are aware that there is a difference between crypto trading and crypto investment. What you are describing is crypto investment (buying the dip) and not trading. Trading has to do with short-term buying and selling of coins with respect to the volatility of that coin with the aim of making profit, while investing has to do with buying a coin like Bitcoin, in fractions or in whole depending on your cash flow, then holding the coin for a long time until the bull run starts. 

While trading or investing, it is usually right to choose a reputable and more popular exchange that is used by many people. Also, a Bitcoin holder must be wise to choose good wallets like Electrum, Exodus, Blue, or hardware wallets. 

[UNIVERSE]

I hope you are aware that there is a difference between crypto trading and crypto investment. What you are describing is crypto investment (buying the dip) and not trading. Trading has to do with short-term buying and selling of coins with respect to the volatility of that coin with the aim of making profit, while investing has to do with buying a coin like Bitcoin, in fractions or in whole depending on your cash flow, then holding the coin for a long time until the bull run starts.

While trading or investing, it is usually right to choose a reputable and more popular exchange that is used by many people. Also, a Bitcoin holder must be wise to choose good wallets like Electrum, Exodus, Blue, or hardware wallets.

Unfortunately, most people probably think the same.

In fact, what is quite important to consider when investing in crypto is our ability to analyze. Analyze well what coins will be taken, how long, and what strategy should be taken.
If it is for investment, then we should be able to analyze what crypto is able to survive for the long term, not just for short-term hype. The most concrete example is BTC for long term. This is beyond doubt.

but the problem is, many beginners actually make the wrong move at the start of their investment, namely they tend to prefer projects or coins that are currently hyped and heavily promoted, especially by influencers. This is something you must pay attention to, especially for beginners.

[taufik123]

-snip-
but the problem is, many beginners actually make the wrong move at the start of their investment, namely they tend to prefer projects or coins that are currently hyped and heavily promoted, especially by influencers. This is something you must pay attention to, especially for beginners.

If a beginner follows it from the beginning before its release to the market, he may get a big profit, but this is very risky.
Many new projects only end in Rug pull and only benefit the creator.

Startups are more tempted by such new projects, with high hype and profits that will look high,
but they don't know they will get stuck on Rug pull projects.
Beginners really have to learn and not just have coins to invest in.

[EthereumDev_]

If a beginner follows it from the beginning before its release to the market, he may get a big profit, but this is very risky.
Many new projects only end in Rug pull and only benefit the creator.

Startups are more tempted by such new projects, with high hype and profits that will look high,
but they don't know they will get stuck on Rug pull projects.
Beginners really have to learn and not just have coins to invest in.

I think the risks involved in a new project are normal and what you have to understand is not to be too greedy in getting into altcoins so that you will remain alert because you already know the risks that have the potential to harm you.

I am more interested in newly created blockchain projects so that I can find out how much cryptocurrency technology has developed.

[Garden]

I think the risks involved in a new project are normal and what you have to understand is not to be too greedy in getting into altcoins so that you will remain alert because you already know the risks that have the potential to harm you.

I am more interested in newly created blockchain projects so that I can find out how much cryptocurrency technology has developed.

Newly created blockchain projects are very risky. Yes, these projects are related to new technologies, but there are a lot of scammers in this area.

[EluguHcman]

For a beginner to Invest on the crypto investment, he/she would primarily have to be educated on what crypto is all about, how the industry works and how the market is regulated.
He/she must be foremost be aware about the volatility potentials of the crypto currency and then choose a suitable crypto currency to Invest on through research and enquires also as choosing a wild strong detailed and reliable wallet for your coins storage, take a decision if you were running on a long term or a short term investment goal because that would determine how regular and often you are demanded to keep eyes up to the markets movements to decide on your faith at the markets value on when to sell off or if would keep on hodling.

[DabsPoorVersion]

I think the risks involved in a new project are normal and what you have to understand is not to be too greedy in getting into altcoins so that you will remain alert because you already know the risks that have the potential to harm you.

I am more interested in newly created blockchain projects so that I can find out how much cryptocurrency technology has developed.

Newly created blockchain projects are very risky. Yes, these projects are related to new technologies, but there are a lot of scammers in this area.

In any kind of investment, scammers can be found. This is why it is our own responsibility as an investor to investigate and research whether the project is worth our investment or should not be considered to invest. Besides, how can we have newly created projects to be successful and add to the development of blockchain projects if there will be no one to support the new projects by investing in them? It's just a matter of how you will determine the scam project and the legitimate one.

[Thyplaymaker]

I think the risks involved in a new project are normal and what you have to understand is not to be too greedy in getting into altcoins so that you will remain alert because you already know the risks that have the potential to harm you.

I am more interested in newly created blockchain projects so that I can find out how much cryptocurrency technology has developed.

Newly created blockchain projects are very risky. Yes, these projects are related to new technologies, but there are a lot of scammers in this area.

In any kind of investment, scammers can be found. This is why it is our own responsibility as an investor to investigate and research whether the project is worth our investment or should not be considered to invest. Besides, how can we have newly created projects to be successful and add to the development of blockchain projects if there will be no one to support the new projects by investing in them? It's just a matter of how you will determine the scam project and the legitimate one.

You're right, alot of investors have poor researching habit, they are too lazy to do some proper researching before investing in any new release token . Because most new token are just there for pump and dump scheme. And one may fall as victim due to having poor researching habit , so we should be careful and be mindful with the kind of project we put our money into , to avoid falling as victim of investing on the wrong project

It's not as easy as you wrote it down,  to start crypto trading, one key thing that is required of you is consistency...
If you're consistent in doing it and also learning and acquiring more knowledge about it, then definitely you will improve...

you are correct another important thing is that one need to have good self control ( to manage their emotions ) because emotions like greed and fear usually cause alot of losses . For instance a daily trader was making a good profit from his day trading , then he decided that he wanna close for that day but a thought came to him that he should trade one more time to round things up , (because he as been in good profit). So he decided to let greed to get the best of him and he decided to  with (trading one more time ) doing so market didn't go his way and endup losing most of his profits of that day . Such person would be in pain, then another greedy emotions will kick in , wanting him to trade to get back all he as loss that day . Then he decided to trade again using big leverages to make extra profit. But at the end he endup losing everything that same day . That why we should always have good principles and good emotional management.

[taufik123]

-snip-
You're right, alot of investors have poor researching habit, they are too lazy to do some proper researching before investing in any new release token . Because most new token are just there for pump and dump scheme. And one may fall as victim due to having poor researching habit , so we should be careful and be mindful with the kind of project we put our money into , to avoid falling as victim of investing on the wrong project
-snip-

Especially now that many new projects are hype such as Solana memecoins that are in the limelight at this time.
Look at $BOME now, it will soon be listed on Binance and this will create a huge volume.

Research is important, but taking advantage of this hype situation before listing on Binance might be an opportunity to get in early and exit faster with profits, but it comes with big risks.

There are many new projects that are quite successful, especially if you follow them while on the testnet or still quite new.

[TopT3ns]

Especially now that many new projects are hype such as Solana memecoins that are in the limelight at this time.
Look at $BOME now, it will soon be listed on Binance and this will create a huge volume.

Research is important, but taking advantage of this hype situation before listing on Binance might be an opportunity to get in early and exit faster with profits, but it comes with big risks.

There are many new projects that are quite successful, especially if you follow them while on the testnet or still quite new.

Currently $BOME has entered the Binance exchange, they realize that to enter the Binance exchange you only need money, even though it is very expensive to enter the Binance pair list, it will be easy when you see the trading volume on $BOME.

At least participating like this does have a very high risk, but when you see a very cheap presale, at least participating with a small capital of $50 is enough to enter and contribute in the hope of making a lot of profit.

[DabsPoorVersion]

I think the risks involved in a new project are normal and what you have to understand is not to be too greedy in getting into altcoins so that you will remain alert because you already know the risks that have the potential to harm you.

I am more interested in newly created blockchain projects so that I can find out how much cryptocurrency technology has developed.

Newly created blockchain projects are very risky. Yes, these projects are related to new technologies, but there are a lot of scammers in this area.

In any kind of investment, scammers can be found. This is why it is our own responsibility as an investor to investigate and research whether the project is worth our investment or should not be considered to invest. Besides, how can we have newly created projects to be successful and add to the development of blockchain projects if there will be no one to support the new projects by investing in them? It's just a matter of how you will determine the scam project and the legitimate one.

You're right, alot of investors have poor researching habit, they are too lazy to do some proper researching before investing in any new release token . Because most new token are just there for pump and dump scheme. And one may fall as victim due to having poor researching habit , so we should be careful and be mindful with the kind of project we put our money into , to avoid falling as victim of investing on the wrong project

And what's disappointing about their way of researching is they only look for a reputable person (an influencer, an artist, or someone who's famous) who supports the project. Even if that specific person does not have any idea about crypto projects, most likely they just recently got into cryptocurrency as a supporter/investor of that project.

If they find one, they will immediately think of it as a legitimate project and will consider investing right after it. We should know that this is not some kind of proper research, it's just the same as riding the wave of investors who don't bother where they will go with their investment.

[Garden]

And what's disappointing about their way of researching is they only look for a reputable person (an influencer, an artist, or someone who's famous) who supports the project. Even if that specific person does not have any idea about crypto projects, most likely they just recently got into cryptocurrency as a supporter/investor of that project.

If they find one, they will immediately think of it as a legitimate project and will consider investing right after it. We should know that this is not some kind of proper research, it's just the same as riding the wave of investors who don't bother where they will go with their investment.

А reputable person must be well-known in the cryptocurrency sphere, then perhaps we can trust him, but this is not certain either))) it is better to trade an already known cryptocurrency in terms of risks

[Sevi]

You can start  cryptocurrency trading by do research, collect ideas from others, and the most important is you're willing to risk.

[Aanuoluwatofunmi]

Choose wallet for crypto. For starters, you need to choose and set up a cryptocurrency wallet and pick an exchange to trade on
Choose the place for exchange
Diversify your portfolio
Take time for research
Buy by fractions and keep balance
Check local regulation
Don't invest your last money

For any newbie interested on starting cryptocurrency trading, its important that we learn on the way it occurs first before doing the real investment into trading, some will start by creating a demo trading account and learn, some may really have to go through some training from the experienced ones and some may have to dedicate much of their time in learning by theirself on how to read the signals and start trading with small amount.