I wrote this step by step guide to any new trader on what they need to take into consideration. What did I forget or do you agree?
1. Do your research: Before you start trading, make sure you understand the basics of cryptocurrency and the market you're planning to trade in. Consider factors like market volatility, trading fees, and security measures.
2. Choose a platform: There are numerous crypto trading platforms out there. Look for one that offers the coins you're interested in trading, low fees, and strong security measures.
3. Create an account: Once you've chosen a platform, create an account and complete the verification process.
4. Fund your account: To start trading, you'll need to deposit funds into your account. Most platforms accept deposits in fiat currency or cryptocurrencies.
5. Choose your trading strategy: Decide whether you want to trade based on technical analysis or fundamental analysis. Technical analysis involves studying charts and indicators to predict price movements, while fundamental analysis involves analyzing news and market trends to make trading decisions.
6. Start trading: Once you've funded your account and chosen a trading strategy, you're ready to start trading. Be sure to set stop-loss orders to limit your losses in case the market moves against you.
Remember that crypto trading can be risky, so start with small amounts and never invest more than you can afford to lose.
Please feel free to challenge or add if I forgot something important. I'm very familiar with crypto but only now after studying for 2 years wanting to start trading myself so I'm sure there are tons of people with more in depth experience and words they want to say to any beginner