Be knowledgeable before thinking of trading.

[bitterguy28]

Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.

this pretty much applies to everything you do in life i do not know why nor how will anyone do something with so little information to go by i know some people will say that they can just go and learn it as they do it but with trading since money is involved the risks are way too high and would inevitably leave you with more losses than you would have ever expected

[Faisal2202]

Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.

There are no limits to trading because we can trade anytime and anywhere with any money and can make a profit anytime. All we need is knowledge, and you are right that in trading knowledge is wide, which means we need to learn a lot of things and a lot of indicators, tools, etc. to get some idea of where the coin's next move will be.

And speaking of brokers, I don't know why it's important in your sight, as we don't need any when we are trading on either CEXs or DEXs. IMO, we should never trade via brokers because most of them can scam us I have a real-life example in front of me, we studied at the same university, not mates though. He shared how his broker under the wrong name somehow puzzled them into thinking someone else and it was their own mistake, as from the start the broker was a scammer and once he had enough money he flew away, leaving them rekt.

[Chilwell]

Acquiring knowledge before starting to trade is crucial, as it serves as a guideline for managing and maintaining a successful trading business. In fact, obtaining knowledge is essential before engaging in any new endeavor, as it helps you understand the risks and challenges involved.

Trading, in particular, is not a straightforward business; it involves risks and complexities. To navigate these challenges, it's essential to be knowledgeable about trading before getting started. This includes learning how to manage risk, as well as understanding other critical aspects of trading.

[Crwth]

If you were to be with someone who can think of doing trading, you immediately think of it as "Are you sure?" because they know there is uncertainty to trading that is inevitably part of it. The volatility of crypto would be hard to control as well. You must be careful because it's an up-and-down process, and you can never get it right most of the time.

It is essential to know anything before stepping into it. It's critical to be able to apply what you have learned and maybe could earn the profit that you have.

[robelneo]

Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.

I stopped doing serious trading because you need a lot of time to fully digest what trading is, and it always comes at a cost if you want to learn how to trade. If you do not have the funds and the perseverance, you will get burned its better to just find the best coin to invest in hodl it and wait for profit like holding Bitcoin, its easier you just need patient to wait for the bull market.

[MrSpasybo]

Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.

This is also what I always mention: the need to learn and accumulate knowledge before actually putting money into trading. Trading is not a game and the market is not a classroom for us to learn the basic knowledge of technical indicators or Take Profit & Stop Loss. Traders should have a little patience to learn about the basics, use a Demo account to practice skills and enter the market under the guidance of a more experienced trader.

However, usually in a bullrun, investors tend to be hasty and FOMO, they will invest immediately with all their capital to make a huge profit like someone on the internet. When losing, they always say that it is a necessary tuition fee to accumulate experience, they forget that they have lost all their capital to be able to stay in the market @@

[Asiska02]

Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.

The traders haven’t lied when they said knowledge is power, knowledge is power indeed and without the knowledge, you cannot be a profitable trader at all. When going to learn the basics of trading, having that sufficient knowledge is important. Then after getting the knowledge, keeping up with the learning process is very valuable for a trader to be successful. It is a continuous learning process and when you stop to learn, it’s going to be hard for you to catch up immediately again.

Patient is very important in trading and those moments that you’ve been waiting to become profitable, your patient is been tested and when you don’t nurture it well, you may be deceiving yourself that you’ve understood the market and then fall in a big loss and take you back again. It’s a gradual process and when the profitability comes, you don’t need to be told but you’ll feel it immediately from your trades and winning rate.

[Stuart]

Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.

Crypto currency does not use broker or brokers. Brokers are mostly for forex traders, not for digital assets like crypto currency. When it comes to crypto currency trading, crypto exchanges are used, where a variety of different crypto currency are traded.

Though, the forex market and crypto market might be similar when it comes to the market structure made of candles sticks and which requires technical analysis in other to make successful trades, the volatile nature of crypto currencies is way higher than that of forex, with more flexibility than that of forex.

Knowing the very basics of crypto currencies is very important, things like what exchanges are, wallets, private keys, mnemonics etc.
Trading is not for every body in crypto industry, but everyone can earn from it in every little way you understand.

[legend45]

Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.

The traders haven’t lied when they said knowledge is power, knowledge is power indeed and without the knowledge, you cannot be a profitable trader at all. When going to learn the basics of trading, having that sufficient knowledge is important. Then after getting the knowledge, keeping up with the learning process is very valuable for a trader to be successful. It is a continuous learning process and when you stop to learn, it’s going to be hard for you to catch up immediately again.

Patient is very important in trading and those moments that you’ve been waiting to become profitable, your patient is been tested and when you don’t nurture it well, you may be deceiving yourself that you’ve understood the market and then fall in a big loss and take you back again. It’s a gradual process and when the profitability comes, you don’t need to be told but you’ll feel it immediately from your trades and winning rate.

Knowledge and skills are needed in trading. I also agree if you say knowledge is power so that we can trade well, because we can't do it if we don't have enough knowledge. because in trading it takes all of that. And as you said patience is also very important because the crypto market is very volatile.

[enwi]

Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.

The traders haven’t lied when they said knowledge is power, knowledge is power indeed and without the knowledge, you cannot be a profitable trader at all. When going to learn the basics of trading, having that sufficient knowledge is important. Then after getting the knowledge, keeping up with the learning process is very valuable for a trader to be successful. It is a continuous learning process and when you stop to learn, it’s going to be hard for you to catch up immediately again.

Patient is very important in trading and those moments that you’ve been waiting to become profitable, your patient is been tested and when you don’t nurture it well, you may be deceiving yourself that you’ve understood the market and then fall in a big loss and take you back again. It’s a gradual process and when the profitability comes, you don’t need to be told but you’ll feel it immediately from your trades and winning rate.

Knowledge and skills are needed in trading. I also agree if you say knowledge is power so that we can trade well, because we can't do it if we don't have enough knowledge. because in trading it takes all of that. And as you said patience is also very important because the crypto market is very volatile.

Agreed, Trades on the other hand need to be well prepared such that the actions made create the right decisions. As we operate in a market environment that is unstable today and even more unstable tomorrow, it is important to update knowledge, make conclusions and gain more different possibilities that exist. Understanding when to make market movements allows for the right course of action and being calm when making decisions prevents rash manoeuvres. If there has to be a certain outcome of a particular decision then sufficient understanding has to be made before reaching that decision. Here, consistency and risk awareness are things that have to be used, as trading success is not only about being able to read signals, but how we approach managing the decisions that have been made.

[LUCKMCFLY]

Knowledge and skills are needed in trading. I also agree if you say knowledge is power so that we can trade well, because we can't do it if we don't have enough knowledge. because in trading it takes all of that. And as you said patience is also very important because the crypto market is very volatile.

I totally agree with you, in fact I Start from the fact that any Activity that involves money must have knowledge and knowledge is Acquired by reading, seeing and having as a basis books and arguments that no one comes to the grave with their words, and for me trading is first Knowledge and second experience, if both are hand in hand I think everything will fluctuate as it is , Otherwise I don't think things will turn out well in trading, therefore when we see that there are Many things that can be done with Trading , for me it is essential to Know , even if you use a little but well , that it is mastered to Always apply it.

[Rruchi man]

Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.

If you rush into trading, you'll quickly also rush out of it because of the mistakes and losses that you would incur and make. There is a popular discussion that says that it will be easier for you to pay for the knowledge of trading from someone who already has experience in it than for you to risk your capital learning on your own and still end up losing an amount of money almost equivalent to the amount of money you will have invested in trying to learn.

[Crypto Library]

Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.

No one can get success on any sector if they don't have any knowledge about on that sector and they put their money on that sector. Regarding the crypto investment, it was the most riskiest investment in kind of the others investment. And here most of the people face losses because of only there invest here before having any basic knowledge.
Sometimes many have invest here just influenced by someone other. So these are the examples why you shouldn't participate on the investment before having the knowledge about trading.

[jeraldskie11]

Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.

No one can get success on any sector if they don't have any knowledge about on that sector and they put their money on that sector. Regarding the crypto investment, it was the most riskiest investment in kind of the others investment. And here most of the people face losses because of only there invest here before having any basic knowledge.
Sometimes many have invest here just influenced by someone other. So these are the examples why you shouldn't participate on the investment before having the knowledge about trading.

I agree with you that if you want a success in a business you must have knowledge on how to become successful with that kind of business. So in trading, we must really have the basic knowledge in trading which can also be found here in this forum before you start trading. Crypto trading is one of the most riskiest type of investment. So we must learn about crypto because we are making money into crypto. Also, you will understand later on why crypto is one of the best thing to invest.

[Bobcrypto]

Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.

In crypto trading knowledge of crypto brokers to trade with is not necessary because these brokers will fish you with high leverages and newbies should not do leverage trading instead they should do spot trading on tier 1 centralized exchanges if they prefer anoynmity then decentralized exchanges. This can save them the effort to find the best broker and the fees and from the fraud too.

Other than broker knowledge we certainly need basic trading knoweldge and that after buying we have to control our emotions too. Most of the newbie book early and leave the token with lesser profit some sell in lose because they think another coin can make them more profit.

As a beginner on crypto trading, it is not advisable to start with future and margin options trading that involves leverages. Many instructors, who you referred as brokers always begin with newbies on future/margin trading, unfortunately, many of them end up with heavy losses because they have no experience to manage risk especially  taking leverages.
Again, it is not proper to start teaching newbies the future options with leverage, instead, newbie should start the basic trading lessons on how to trade the spot market.
It is better for newbies to start learning the sport trading options to gain the necessary experiences  before embarking on leverages trading like, future/margin options.