Post
Topic
Board Beginners & Help
Re: How to be a successful trader?
by
Rengga Jati
on 07/02/2023, 21:44:00 UTC
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
The wisest and best thing to do when you still have no knowledge and want to trade is by learning at first until you really understand about cryptocurrency and about trading crypto itself. Additionally, you must also have good knowledge about what exchange platform you want to trade, what kind of trade (future or spot), and also other considerations about money and risk management.

Why should learn these all at least? Because trading is very risky, not only the profits that you must think about but also the high risks that are awaiting. Risks will never be separated from trading. Even professional traders will also face high risks and the possibility of being lost in trading, moreover newbies without enough knowledge. Although you need a trial and error, if this is not based on your knowledge, it will fail and take higher risks again.