Should trading in Cryptocurrency or not if yes then it is easy.??

[sonaa]

If friends, know that I am doing a new startup, so can I do it right??  While climbing the first step, many thoughts come in the mind, why and how will it happen, if it will happen, how??

[MrSpasybo]

If friends, know that I am doing a new startup, so can I do it right??  While climbing the first step, many thoughts come in the mind, why and how will it happen, if it will happen, how??

I hope you'll find plenty of advice in this topic, as there's a lot to cover to be successful in crypto trading.

I think you should refer to online articles about crypto trading. That's a good starting point to get an overview of the market and trading activities on CEXs and DEXs. I hope you've had experience trading in other markets such ass stocks and forex, which would be really helpful as most of the tools and indicators can be applied to the crypto market.

What I want to emphasize is: be cautious and find ways to protect your money before trying to make more from this market. Opportunity always comes with risk!

• How to start trading crypto: A step-by-step guide

[Gurujebs]

If friends, know that I am doing a new startup, so can I do it right??  While climbing the first step, many thoughts come in the mind, why and how will it happen, if it will happen, how??

You are new and many puzzling questions on your head, the best answer is for you to learn the how to trade, as for the why, I think you have that already on your mind. Trading is hard if you don't know it and you refused to learn how it work and at the same time it's easy if you learn how to trade it, it's not a rocket scienceb if you have the capital to start it.

I also have another advice for you, you seems to find it difficult to communicate with English, perhaps you should do more of posting in your local language. Check down the front page of the forum, you will see your local dialect there or just say it here and other people will help you out.

[AVE5]

If friends, know that I am doing a new startup, so can I do it right??  While climbing the first step, many thoughts come in the mind, why and how will it happen, if it will happen, how??

Trading is not easy as investing in the crypto markets due to its rusks which involves technical knowledges required in other to stay fitted in the market such as being equipped to stand the losts when it occurs because as a trader, you personally can not eliminate total lost.

[bayiajaib]

If friends, know that I am doing a new startup, so can I do it right??  While climbing the first step, many thoughts come in the mind, why and how will it happen, if it will happen, how??

Trading is not easy as investing in the crypto markets due to its rusks which involves technical knowledges required in other to stay fitted in the market such as being equipped to stand the losts when it occurs because as a trader, you personally can not eliminate total lost.

Trading is not like investing by buying and holding long term. Because when trading we need analysis and always focus on monitoring the market. We also have to be able to make fundamental and technical analysis as well as study the character of the coin.

[Rruchi man]

If friends, know that I am doing a new startup, so can I do it right??  While climbing the first step, many thoughts come in the mind, why and how will it happen, if it will happen, how??

Trading is not the only opportunity in cryptocurrency. You can still profit from cryptocurrency as an investor. If you still have an interest in trading however, you can consider it, but know that you need knowledge and not something to play into unprepared. It can make you richer, and also poorer.

If you are interested in trading, go through the process of learning.

[vegasus]

Actually I'm a bit confused about the topic and its contents, are you talking about starting trading or starting a startup?

Running a startup is not as easy as imagined, but it doesn't mean it's impossible. The point is, how much effort, funding, and consistency you put into running it.

When it comes to starting to trade cryptocurrency, whatever it is, you must first equip yourself with knowledge. Trading is not gambling, so you must first understand the flow, the mechanism, how to analyze coins, analyze the market, read charts, and read the possible charts. And this must be complicated, but all of that can be learned. Even though you have prepared all of this, there are also things that must be owned, namely emotional and risk management to optimize the level of profit and minimize being lost.

[Mr. Magkaisa]

If friends, know that I am doing a new startup, so can I do it right??  While climbing the first step, many thoughts come in the mind, why and how will it happen, if it will happen, how??

        -     In the first place, trading is not easy to learn or understand because others thought it was easy to understand, like gambling, where even if you don't know, you can win the jackpot. It's not always like that.

You can be good at it, but after that, if you don't study properly, you will experience only defeat, and your status will be that of a gambler instead of a crypto trader, because there is a lot to consider here in truth, and this is what is not understood by others.

[Rengga Jati]

Trading is not like investing by buying and holding long term. Because when trading we need analysis and always focus on monitoring the market. We also have to be able to make fundamental and technical analysis as well as study the character of the coin.

Exactly. Trading isn't the same as investing, it mostly targets for a short term. Even there are people who do daytrading, they take profits every day. Another fact, trading can't take profits as high as investing. Because it is for a short term, the price doesn't change significantly. However, people can get fast profits through trading. People also can get profits more often if they do trading. Meanwhile in investment, people only take profits when it reaches the long term target. Usually, the target is quite high and it may take for months or years. But the best thing in investment is people get significant profits.

I think both trading and investing need analysis. Investors always do a research before they decide to buy certain coins. They do it to know the potential of the coins if they are holding the coins for a long term. Learning the fundamentals and doing technical analysis are a must, investing also requires this way.

[milewilda]

If friends, know that I am doing a new startup, so can I do it right??  While climbing the first step, many thoughts come in the mind, why and how will it happen, if it will happen, how??

When it comes to trading then i would recommend on finishing the course with Babypips.com specially if you are really that zero knowledge in trading then it would really be just that
better if you would really be having this kind of start up. You wont really be able to make yourself that be able to sustain this unpredictable market if you would really be just that
directly make out some trades without even knowing even just the basics then you wont really be able to make yourself that succeed into this space.
It would really be just that a normal approach thing that you should really be considering specially into this kind of learning on trading on which it would really be taking up some time
and it would really be taking tons of efforts.

[bayiajaib]

If friends, know that I am doing a new startup, so can I do it right??  While climbing the first step, many thoughts come in the mind, why and how will it happen, if it will happen, how??

When it comes to trading then i would recommend on finishing the course with Babypips.com specially if you are really that zero knowledge in trading then it would really be just that
better if you would really be having this kind of start up. You wont really be able to make yourself that be able to sustain this unpredictable market if you would really be just that
directly make out some trades without even knowing even just the basics then you wont really be able to make yourself that succeed into this space.
It would really be just that a normal approach thing that you should really be considering specially into this kind of learning on trading on which it would really be taking up some time
and it would really be taking tons of efforts.

A good advice, friend, but I have never attended a course in trading. Only learn from a few books about technical and fundamental analysis and try to understand the crypto market. Research by looking at the coins that I will use, the character is in everyday life and that makes me survive until now.

[JISAN]

If friends, know that I am doing a new startup, so can I do it right??  While climbing the first step, many thoughts come in the mind, why and how will it happen, if it will happen, how??

Trading is not easy as investing in the crypto markets due to its rusks which involves technical knowledges required in other to stay fitted in the market such as being equipped to stand the losts when it occurs because as a trader, you personally can not eliminate total lost.

Trading is not like investing by buying and holding long term. Because when trading we need analysis and always focus on monitoring the market. We also have to be able to make fundamental and technical analysis as well as study the character of the coin.

Yes I agree with you. Trading is not as simple as holding. In terms of holding, if someone buys a token in accordance with DCA and holds it for a long time, he will have a higher chance of getting profit. We know that Bitcoin, Ethereum, BNB, SOLANA, TON, NEAR are very good coins and their value will increase a lot in the future so if one holds on them for a long time following DCA STRATEGY then they can make a lot of profit in the future. But if anyone trades these coins then they will lose.  Because in the case of trading, a coin has to be held for a very short time and no coin's profit can be guaranteed in a short period of time.

[gunhell16]

The only thing I can say here to op is that you first find out for yourself how to study trading, What are the things that should be considered, because it is not easy to enter the crypto space.

And you must also have the characteristics of traders so that you can get real earnings here in Bitcoin or cryptocurrency. As long as you are patient, disciplined are just some of the things you have.

[de_prof]

The only thing I can say here to op is that you first find out for yourself how to study trading, What are the things that should be considered, because it is not easy to enter the crypto space.

And you must also have the characteristics of traders so that you can get real earnings here in Bitcoin or cryptocurrency. As long as you are patient, disciplined are just some of the things you have.

Being a trader must be disciplined and patient, I agree with you. because we have to find experience in trading and it depends on our struggle in finding experience, knowledge and strategy in trading. so it all comes back to each of us, can we trade or just be a holder?

[BitMaxz]

I hope next time before you post look for your local section because it's really hard to understand what exactly are you talking too but since you mention trading and if it's easy then my own answer trading is not for newbies it's not easy as you think.

Before you enter to live trading you should first learn trading, experience is very important in trading so you need to focus first on technical analysis and then once you learn how to read the chart start learning fundamental analysis.

If you want a guide check this source: Awesome Crypto Trading