2. Learn how to analyze chart
For those who prefer long-term trading, it's not necessary. Fundamental company analysis or related coin is sufficient... afterward, price fluctuations shouldn't affect emotions and decision making. I'm talking about trading for a period longer than 1 year, not day trading. Because, until now, the best practice in my opinion is to hold for a long time. Low risk, low effort... just make sure you have main income to survive.
Well..it doesn't mean I discourage people from analyzing candlesticks... go ahead if you need . However, for newbies, analyzing charts should be on number 4. It takes a long process and a good sense for things like this.
I don't know why more beginners are interested in day trading. or futures trading. they learn how to increase trading risks and want to earn bigger profits.
They should know that such trading is not for beginners. but you can also see that many people around us are more interested in future trading than holding long-term.
especially for beginners who make daily trading their job. I don't know how such a trader is confident about his opening trades. and it would earn him money to eat that day.