A must know before trading

[Flydove]

If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.

 Do you agree?

[Charles-Tim]

It is very important for traders to know that they can lose. Trading is highly risky like gambling although it is not gambling.

Also it is good to know more about technical analyses and indicators. But they are not very precise.

Trade with the amount of money that you can afford to lose.

Do not see trading as something good unless you are making money from it. But know that you are more likely to lose.

Trading is not something passion at all.

[Nheer]

If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.

 Do you agree?

keeping heads up with crypto feeds and news is a very positive aspect when one is into trading knowing a lot about crypto and staying updated about the news can give you positive feedback and likely so it can help from getting loss in market and help to protect your analysis. Checking most news about crypto and updates will really help a lot and will gives you more knowledge and support.

[Mate2237]

A trader can follow all those channels and still loss enough amount of money. As a trader of cryptocurrency you must be smart to detect when the price is about to fall and about to rise and must be skillful to handle some technics. At least you must know 20 tools to navigate the market and also follow up your steps you have made mentioned.

If a trader only rely on the channels you said and follow them, though it is good to follow but he lose well.

[Charles-Tim]

If a trader only rely on the channels you said and follow them, though it is good to follow but he lose well.

Did you know what is bad if a trader is making use of only news? The person will see that he has been late to trade. The news do pick things late. Although there are some live and local news that are important. That is what that should be followed instead. Also good to follow the necessary X accounts of some people and read what they post as fast as possible.

Not only news but following recent updates can help some traders if they are not actively trading. But for an active trading, only news can not do it

Worth knowing that 85% or more of traders are losing.

[SmartGold01]

Of course any one who is involving themselves into trading the should be aware that they must always keep a close eyes into those crypto-news communities and channels so that wouldn't have much loses while trading and everyone also wanting to win for long run while trading. All these you outline are also a factor that attributes to successful trading if carefully followed up and to be getting updates while trading.

[Findingnemo]

Yes, analysing the market is part of fundamental analysis and it is very important for a trader. But even if you keep updated about all the news still there is no assurance that the market movements will be as expected that is what the crypto or the investment market is all about, keep yourselves updated increases your chance of making profits though.

[Stuart]

It is a normal thing for every investor to have in mind that losses are inevitable, in every forms of investment, what is more important is how to minimize the losses, with better profit returns. In every forms of business/investments, losses cannot be taken of the map, rather, developing a means of reducing the loss becomes a better chase.

Staying updated with news related to crypto industry and even the economy of countries round the world that has impact in this community always have stand when it comes to trading.

As a beginner, having basic knowledge of the market movements and candle trading patters, tools related to trading and good trading platforms that are trustworthy are basic things to know. News are important, but for beginners, might be a little far for the start.

So, I will agree on the fact that news in a vital tool for good traders, but for complete newbies, it's not to be compared with knowing how the basics works.

[jeraldskie11]

There are two types of trading analysis for me. The first one is fundamental analysis and the other one is technical analysis. I think that OP's post is belong to fundamental analysis. When you analyze the market by using news that are related or affect to the market's prices is called fundamentals. And while technical analysis is analyzing solely at the chart. All the stuff that a trader do in the chart to analyze the market is technical. Many traders think that fundamentals is not so important but for me it's very important to make a better analysis.

[Crwth]

I agree that you really need to know those things and could take advantage if you are consistent with them. Personally, I believe this strategy that we could do is to make sure that you are implementing your risk management and not overtrading. That is mostly a problem because you always want to trade, even if you are overpositioning. This is especially true with futures trading.

[hugeblack]

I agree, but the problem lies in verifying the quality of the news. Unfortunately, there is no independent journalism related to cryptocurrencies, and more than 80% of the content is duplicate, such that even the simplest fake news can be spread without verifying the source. Therefore, the problem lies in tracking the news and determining whether it is real, rumor or a FUD.

[Asiska02]

If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.

 Do you agree?

I do agree with all the things you’ve mentioned above but to an extent, they also have their own limitations. Those websites and news channels will mostly serve you well when it comes to the fundamental analysis aspect of the market when looking to take a trade on a crypto pair. They don’t help beyond that and your technical analysis will cover up for the times there are no basic news to make any changes to the direction of the market. These channels cannot not give you the best insight into the market 100%, so you should only apply them when they matter to your analysis but after that, they don’t really needs to be considered before taking all trades in the market.

[Mr. Magkaisa]

If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.

 Do you agree?

         -      These are okay, op, there are just a lot of things to consider besides the ones you mentioned. Number 1 in trading is that you should know which category of trader you belong to, second, study trading with all your heart, with passion, willingness and determination. You can't do without these.

What you mentioned, op, I think is just like an additional decoration in a house, this is just my assessment, because what is really important in trading is proper risk management and other things besides this.

[milewilda]

If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.

 Do you agree?

TA + FA, you do need up to be versatile within this market on which we know that TA's arent that 100% precise on which simply means that you do need up to make up some switches on things on which you do seem that will be effective for you. Dealing up with an unpredictable market or space is something that you do need up to consider or to look for opportunities and those moments that you do need up to adjust if you do saw that it will be putting you at disadvantage. Market could move out without any news or sentiments around and this is why you should be that careful and even if you do know about those fundamentals, it doesnt mean that it will be making out such significant impact towards the market. So a combine of both things will be necessary.

[hugeblack]

I do agree with all the things you’ve mentioned above but to an extent, they also have their own limitations. Those websites and news channels will mostly serve you well when it comes to the fundamental analysis aspect of the market when looking to take a trade on a crypto pair.

When it comes to altcoin trading, access to accurate news before it breaks is crucial, as technical indicators don't work due to the small size of the market and the potential for a million dollars to significantly change the direction of trading in some tokens.