A must know before trading

[bitterguy28]

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.

if you are planning to trade, you should not only be uldated in events in crypto spaces but also in different places because you never know what could possibly affect the market

like economic conditions, political advancements, or geographical trends it’s good to be on top of these things so that you are the first one to know about it and possibly make your move before everyone else catches up

[yhiaali3]

Partially, yes. I mean keeping up with news about coins and the market in general is very important for keeping up with the latest developments in projects, coins, and market updates that may impact price action.

But that's not all. Being up-to-date on the latest market updates isn't enough to be a successful trader. You must first learn and gain experience in trading. You must learn the basics of trading and the important strategies you must follow to adapt to market conditions. All of these things give you the experience you need to make the right decisions.

[Asiska02]

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.

Exactly and this could be the reason why trading altcoins are very risky and should be limited often times. When a token is just base on news flow only without having much reliance on technical indicators which many traders depend on also for a long time trading success, they become more of a gamble than actually trading as we see it.

[|MINER|]

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?

Actually, the things you have mentioned on your topic those are common things but really much important when a person want to do trading.  So I must have to agree with you.

We have to remember always trading is always not profitable, even we saw the Professional  trader they are also face losses but that things there is difference between a professional trader with a beginner trader who don't know the analysis knowledge just started trading because of his intend is professional trader who recovered their losses by their skills but the beginner trade like this won't gonna recover more likely, if he continue like that way he will increase his loss amount more and more.

[rby]

Everyone knows themselves better than anyone else does. Anyone who wants to start trading should know the level of risks they can handle. Not everyone is cool with losing money, and not many can handle anxiety very well. On this note, I think those who cannot handle risks should help themselves by avoiding trading, to prevent getting some health challenges from losses they cannot take.

Many people who failed in trading didn't fail because they didn't learn enough or didn't follow updates regularly. It's because they have a very low risk tolerance, which pushes them to make impulsive or rash decisions that may not be good for them as traders. Along the line, they quit trading and tag it with all sorts of negative names. Like I always advise people, do what you can handle and don't just do it blindly because of the financial rewards attached to it.

[Fivestar4everMVP]

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?

Well, you are definitely right, for even in the days of trading forex, staying updated with news of what is happening in the financial market is one of the ways to stay ahead and trade profitablebly.

So coming back to cryptocurrency trading, I believe that as much as cryptocurrencies are way volatile then fiat currencies, what is happening that the crypto media is reporting still have a good influence on the over all movement of the market, whether it is going up or going down, so this is definitely some thing that is worth paying good attention to.

And in respect to this as well, traders shouldn't just depend on  following news media like the ones you mentioned here, it is also very important for a trader to follow the official online news channels of some this projects, as doing this will sometimes help them gain first hand information that even the news media are yet to start reporting.

[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?

        -     In the first place, there is nothing wrong or wrong with making trading your passion in the cryptocurrency business industry, we must be ready and know what we can face here. Because as traders we must really know and be ready to face the risk that is here.

Because trading is really very high risk, it is not easy to make trading a source of income like others think, which is their wrong understanding. This requires dedication, determination and passion. These three are just okay and enough for me.

[JISAN]

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?

It is very important to know technical analysis for trading and along with that it is very important to keep up with regular news updates from different news platforms because different news at different times has a big impact on the crypto market. So gambling on trading without understanding about trading is never admirable. Trading is a very difficult thing but everyone thinks it is very easy. And thinking trading is easy, they use trading like gambling. They can never become traders because trading is not something to be neglected.

[DragonF]

        -     In the first place, there is nothing wrong or wrong with making trading your passion in the cryptocurrency business industry, we must be ready and know what we can face here. Because as traders we must really know and be ready to face the risk that is here.

Traders especially newbies thinks that trading is a get rich scheme without paying close attention to the fact that trading has high risk and involves serious mental and emotional alertness and even contact learning. It is when a trader have this awareness that his trade can be calm and progressive.

Because trading is really very high risk, it is not easy to make trading a source of income like others think, which is their wrong understanding. This requires dedication, determination and passion. These three are just okay and enough for me.

Knowing that the market is volatile, a trader must be ready for the ups and downs because the market is not only about the bIG wins but the losses too and as you mentioned dedication, determination and passion are the core values that can help the trader sail through the challenges in trading.

[doc]

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?

It is very important to know technical analysis for trading and along with that it is very important to keep up with regular news updates from different news platforms because different news at different times has a big impact on the crypto market. So gambling on trading without
 understanding about trading is never admirable. Trading is a very difficult thing but everyone thinks it is very easy. And thinking trading is easy, they use trading like gambling. They can never become traders because trading is not something to be neglected.

In trading requires knowledge and experience and it takes a long time to be able to learn and practice to be able to have expertise. Trading is not an easy thing, because for those who have studied for a long time can become experts. I also do trading and am still learning, because I am not an expert in trading, sometimes I also experience losses due to wrong strategies.

[gunhell16]

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?

It is very important to know technical analysis for trading and along with that it is very important to keep up with regular news updates from different news platforms because different news at different times has a big impact on the crypto market. So gambling on trading without
 understanding about trading is never admirable. Trading is a very difficult thing but everyone thinks it is very easy. And thinking trading is easy, they use trading like gambling. They can never become traders because trading is not something to be neglected.

In trading requires knowledge and experience and it takes a long time to be able to learn and practice to be able to have expertise. Trading is not an easy thing, because for those who have studied for a long time can become experts. I also do trading and am still learning, because I am not an expert in trading, sometimes I also experience losses due to wrong strategies.

Yes, you're right, that's what really shouldn't be lost. It's said that a student can't graduate without studying the required subjects and not learning from what they've studied, that's the main reason for that. And what's learned from studying should also be exercised and executed correctly.

The problem is that for others, they just studied but didn't exercise or execute correctly when it came to actual trade on exchanges depending
on the crypto assets we'll buy.

[bayu7adi]

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?

No.... news always comes late and even whales have already made their decisions before the news is uploaded on the internet... market reactions are faster than news, even if you realize that the market will pump early about one to five minutes before good news about cryptocurrencies is released... that means, making decisions based on news on cointelegraph, coindesk or your favorite crypto news portal, tends to be too late....

[Crypto Library]

No.... news always comes late and even whales have already made their decisions before the news is uploaded on the internet... market reactions are faster than news, even if you realize that the market will pump early about one to five minutes before good news about cryptocurrencies is released... that means, making decisions based on news on cointelegraph, coindesk or your favorite crypto news portal, tends to be too late....

That's also a good point, news is always comes after the main things done, and it was just make some manipulation even sometime maybe by whale it can be also  a method for them make more money by manipulating the market.
But what I think about this even news always comes late but that really impact on market and so the trader who were with advance skill those maybe could took some extra profit by taking some trade by the news?

[ajiz138]

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?

No.... news always comes late and even whales have already made their decisions before the news is uploaded on the internet... market reactions are faster than news, even if you realize that the market will pump early about one to five minutes before good news about cryptocurrencies is released... that means, making decisions based on news on cointelegraph, coindesk or your favorite crypto news portal, tends to be too late....

I can still agree with this, at least this can be one of our considerations to determine the steps after getting the latest news, yes even though the market is faster than the existing news.

But of course this is not the only thing we can hold on to, because in trading there are many factors that will influence. The news that comes is only one of them that can affect the market.

[Bobcrypto]

Fundamental analysis, is a trading strategy use to evaluate an assets values based on the economic, political and finance factors which could affect their values. However, fundamental analysis is not sufficient enough for a trader to trade adequately with good results.

Other additional methods include, technical analysis, a method that traders uses to study past assets data and trading volumes, and it normally goes with trends, patterns, charts, and indicators. The combination of both TA/FA will help traders maximize profits.
In addition, to be efficient on trading, it also requires experiences which consist of a continuous learning process that can bring a desirable profit overtimes.