Be knowledgeable before thinking of trading.

[Didia Sofunichi]

Knowledge is key. Weather trade or anything else it's important you understand adequately before investing.

I advice people going into trading to first of all invest time to learn the trade they want to go into.

The reason why most traders wind-up after sometime is because they didn't do due diligence before venturing.

For you to be a good trader you must understand the pros and cons of the business you are going in. You must also understand the possible challenges and how to overcome them.

[Crypto Library]

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.

Yes same here for trading.
But not only just basic knowledge could be bring success for a Crypto trader. For becoming a successful Crypto trader he must need both things that knowing the trading psychology and as well the money management skill and also having the analysis skill like technical analysis and the fundamental analysis and then it reader become successful later.

[legend45]

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.

Yes same here for trading.
But not only just basic knowledge could be bring success for a Crypto trader. For becoming a successful Crypto trader he must need both things that knowing the trading psychology and as well the money management skill and also having the analysis skill like technical analysis and the fundamental analysis and then it reader become successful later.

in trading knowledge and ability to manage psychology are very much needed. In addition we must have skills. the most difficult in trading is controlling emotions such as greed because this has fatal consequences when we are greedy and lose the opportunity to make a profit.

[sampoerna]

Knowledge is key. Weather trade or anything else it's important you understand adequately before investing.

I advice people going into trading to first of all invest time to learn the trade they want to go into.

Exactly, knowledge is the basic thing that must be owned before trading. And learning it is a mandatory and prioritized thing, to be more prepared and truly ready to trade. Crypto trading is not something that is easy to do, the risk is very high. So, if you jump into the world of crypto trading without preparation and just follow along, the result will be more like gambling, especially just winning or following trading signals, and just taking chances to get profits, this will be very dangerous for beginners. That's why many of them end up losing painfully and losing big money because of their unpreparedness before trading properly in terms of knowledge and managing their emotions and risks.

[bayu7adi]

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 topic is too general, even what kind of knowledge is worth considering before starting trading is not explained... the most likely is financial knowledge and risk management, unfortunately the topic creator forces us to search for it ourselves on the internet...

When starting trading, everyone will start learning and they will start to understand little by little the knowledge about risks and opportunities...from there the learning will begin by itself.

[milewilda]

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.

Yes same here for trading.
But not only just basic knowledge could be bring success for a Crypto trader. For becoming a successful Crypto trader he must need both things that knowing the trading psychology and as well the money management skill and also having the analysis skill like technical analysis and the fundamental analysis and then it reader become successful later.

in trading knowledge and ability to manage psychology are very much needed. In addition we must have skills. the most difficult in trading is controlling emotions such as greed because this has fatal consequences when we are greedy and lose the opportunity to make a profit.

Emotion and psychological aspect will really be the main crucial thing on which you will really be needing up to consider out on which at the time or moment that you will be dealing up with trading then these are the primary problems that you'll be facing specially losing money is never been that ideal or something that much needed up for you to consider out. We do know that trading is never been easy and dealing up with a volatile space is something that makes you that impulsive specially if you do lack knowledge and awareness on how it works and behaves. If you are that good on having that awareness then this is something that not needed up to worried about.

[albon]

Cryptocurrency trading involves speculating on price changes or buying and selling digital currencies. A real trader makes a profit by trading successfully after many days of practice and effort. Start by understanding the basics of blockchain and how different cryptocurrencies work. Familiarize yourself with market orders, pending orders, stop losses and other key trading concepts. Moreover, cryptocurrency trading has high volatility which requires precision risk management. Effective risk management can protect traders from big losses and help save capital. You can improve your crypto skills from various crypto forums and communities if you want.

[gunhell16]

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.

That's really what it should be, no one who doesn't know anything about trading is allowed in this field of cryptocurrency business. As long as you can, you should have deep knowledge of trading. Because it's easy to do, if you make a mistake in the analysis, whether technical or fundamental, it can definitely cause pressure and stress to anyone.

That's why the willingness to take risk is very important on this trading aspect, in fact. This is always said as a reminder by others like me in the crypto community
in the industry that we are in.

[jeraldskie11]

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.

Yes same here for trading.
But not only just basic knowledge could be bring success for a Crypto trader. For becoming a successful Crypto trader he must need both things that knowing the trading psychology and as well the money management skill and also having the analysis skill like technical analysis and the fundamental analysis and then it reader become successful later.

Yeah, you are right. But what I'm saying is, some people are so much focus on profit so that they don't know what they exactly needed. They skip the basics and procced to advance which could lead to confusion. We all know how important the basics in any aspects of life, we can't proceed to advance without basics. It's the key for us to understand advance. Sometimes, even just basic knowledge about analysis as long as you pair it with psychology and risk management, you become profitable.

[MrSpasybo]

That's really what it should be, no one who doesn't know anything about trading is allowed in this field of cryptocurrency business. As long as you can, you should have deep knowledge of trading. Because it's easy to do, if you make a mistake in the analysis, whether technical or fundamental, it can definitely cause pressure and stress to anyone.

That's why the willingness to take risk is very important on this trading aspect, in fact. This is always said as a reminder by others like me in the crypto community
in the industry that we are in.

I think the problem lies in the knowledge of psychology management and the appropriate perspective for the trading profession. Traders need to continuously improve their knowledge and trading skills to increase their ability to predict and trade successfully, but also be willing to accept market risks and their own mistakes.

Indicators and tools always have their own limitations and can give out wrong trading signals, investors need to adapt to them and overcome them to continue trading in order to take advantage of the next opportunity with higher profits. Excessive stress and perfectionism in trading often force investors to leave the market in losses with psychological instability.

[DragonF]

Yeah, you are right. But what I'm saying is, some people are so much focus on profit so that they don't know what they exactly needed. They skip the basics and procced to advance which could lead to confusion. We all know how important the basics in any aspects of life, we can't proceed to advance without basics. It's the key for us to understand advance. Sometimes, even just basic knowledge about analysis as long as you pair it with psychology and risk management, you become profitable.

Understanding the fundamentals is crucial, but that does not negate the fact that all traders aim to make money. When the fundamentals are understood, profit follows. It takes patience and many unsuccessful trades to learn the fundamentals. I always recommend demo trading accounts because they help beginners understand the basic analytics of trading.

However, in my personal experience, learning with demo accounts does not qualify a trader as an expert trader. It is also necessary to trade with real money under the supervision of an expert, as this will allow the beginner to learn even more effectively. Whatever happens in trading counts as experience, and the losses incurred will gradually transform the beginner into an expert.

[Gurujebs]

in trading knowledge and ability to manage psychology are very much needed. In addition we must have skills. the most difficult in trading is controlling emotions such as greed because this has fatal consequences when we are greedy and lose the opportunity to make a profit.

Trading without knowledge and especially loss is like trying to catch fish from the river and you don't have an experience before, that's going to be waste of time and in trading you are not only wasting time, you are also losing money in that process. If you any to make money from trading, first invest in knowledge by getting a paid trading course and start there.

Practice new chat to see if you are ready to use your real money or you will continue and wouldn't give up until you are able to master this game of trading before you can go fully to on your trading journey. It sound simple but it's difficult when you try it.

[dekafee79]

in trading knowledge and ability to manage psychology are very much needed. In addition we must have skills. the most difficult in trading is controlling emotions such as greed because this has fatal consequences when we are greedy and lose the opportunity to make a profit.

Trading without knowledge and especially loss is like trying to catch fish from the river and you don't have an experience before, that's going to be waste of time and in trading you are not only wasting time, you are also losing money in that process. If you any to make money from trading, first invest in knowledge by getting a paid trading course and start there.

Practice new chat to see if you are ready to use your real money or you will continue and wouldn't give up until you are able to master this game of trading before you can go fully to on your trading journey. It sound simple but it's difficult when you try it.

I agree with you trading requires knowledge because we can't possibly trade without knowledge because the risk in trading is quite large. In addition to knowledge, we must have the skills to make the right analysis and strategy so that our trading can generate profits. If trading without knowledge, we can experience losses.

[jeraldskie11]

Yeah, you are right. But what I'm saying is, some people are so much focus on profit so that they don't know what they exactly needed. They skip the basics and procced to advance which could lead to confusion. We all know how important the basics in any aspects of life, we can't proceed to advance without basics. It's the key for us to understand advance. Sometimes, even just basic knowledge about analysis as long as you pair it with psychology and risk management, you become profitable.

Understanding the fundamentals is crucial, but that does not negate the fact that all traders aim to make money. When the fundamentals are understood, profit follows. It takes patience and many unsuccessful trades to learn the fundamentals. I always recommend demo trading accounts because they help beginners understand the basic analytics of trading.

However, in my personal experience, learning with demo accounts does not qualify a trader as an expert trader. It is also necessary to trade with real money under the supervision of an expert, as this will allow the beginner to learn even more effectively. Whatever happens in trading counts as experience, and the losses incurred will gradually transform the beginner into an expert.

Not all but most of them. I think we can't deny by ourselves that in the first place we are here in crypto to make money especially in trading. That mindset is what we should change in order for us to be a successful trader. Before we start trading, we should back test our trades through a demo account to determine the effectiveness of the strategy that you have and also this will help you to boost confidence. After that, you can try your strategy with real account with a small margin only because this time you only mastering how to handle your emotion in trading.

[Crypto Library]

Yeah, you are right. But what I'm saying is, some people are so much focus on profit so that they don't know what they exactly needed. They skip the basics and procced to advance which could lead to confusion. We all know how important the basics in any aspects of life, we can't proceed to advance without basics. It's the key for us to understand advance. Sometimes, even just basic knowledge about analysis as long as you pair it with psychology and risk management, you become profitable.

If we want to go to a professional level in one thing, we first need to know the basics of those things well. This is the not different in the case of trading. Moreover, from my personal point of view, what I think is that if someone does not know the basics of trading, they will not go on the right path to advance to the next level and will only waste their money by going on the wrong path.