Post
Topic
Board Trading Discussion
Re: Entering the trading market
by
wxa7115
on 08/10/2021, 15:47:07 UTC
What is the best strategy to prepare oneself before entering the trading market?

You don't need strategy, all you need is enough funds to sustain on trading in order to manage your asset sustainably. Skills should be developed in order for us to cope up with different challenges, but that's normal for first timers to panic and worst is they lost a huge amount of money. Seek guidance from friends and peers who could mentor you for a good advice which eventually teach you different ways to deal with trading successfully.
Everyone needs a plan when they are in the market of cryptocurrencies, if you do not have one then you are going to find yourself on situations you could not foresee and just when you need it the most you will get something called paralysis by analysis.

This happens when people receive too much information at the same time and instead of taking a decision they keep delaying taking the decision so they can gather even more information, however if you have a plan you can take decisions in a split of a second and that is critical when it comes to the markets.