Quote from: Stormbreaker01 on July 15, 2023, 06:49:10 AM

Things you need to know about the market and Trading before starting.

Knowledge about trading:
First of all, you need to know about the market condition and need to know about blockchain, technology, and the crypto market. You can get knowledge by reading books, articles, and videos available on the internet. Stay updated about the latest news that affects the price of the crypto market.

Demo account :
If you are new, you must try the demo account before starting Trading to build the skills and for a better experience. many trading apps provide demo accounts where you can learn about the behavior of the market in different situations.

Trading Strategy:
As beginners, you need to set up a strong strategy for entry and exit points. There are a lot of experienced persons available on YouTube that provide you signals for entry and exit from the market. Stick to your strategy and avoid making emotional decisions based on market fluctuations.

Risk Tolerance :
Define your trading goals it,s may be short-term or may be long-term gain. If you prefer actively managing trading by market news then the shot trade is the best option for you. Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

Design making:
There are two types of designs making people first emotional than can panic and sell when the marked down. And the other one is a person that never panics and trades like a professional according to the strategy if sees that he is going to lose he starts holding long term

Reliable exchanges:
Choose that one exchange that good with the user and has a good background, Portability, Efficiency, security, and provides friendly interference in the market.

Secure investment:
There is lot of ways to scam you need to be aware of them and make sure your account didn’t access by anyone make it secure by password, and OTP(one-time password), and never share your recovery phase with other.

Demo account is important and practice practice practice. Don't be in a hurry.