Quote from: sujonali1819 on January 13, 2024, 10:20:55 AM

Quote from: kioprince on December 28, 2023, 10:54:53 AM

As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.

If trading is the only area of your focus then focus on it. Learn more and more about trading. Success in trading actually varies on several stuffs like Knowledge, skills, trading strategy, etc. You can focus on these things for better results.

1. Learn and gather more knowledge about crypto.
2. Set a budget for trading.
3. Always start from lower investment
4. Always try to divide your investment into several parts. Don't invest all in one
5. You should also focus on Risk management strategy.
6. Stay updated with the crypto news
7. Control emotion during trading.
8. Learn about technical analysis
9. Always think about long-term investment.
10. Don't panic, don't be greedy, and always try to exit the trade at the right time.

Best of luck for your 2024 journey.

These are some really valuable and helpful tips if anyone follow them properly i am sure they would help him a lot in becoming a successful trader,
You sum up the whole trading procedure in these 10 Tips.
All of them are good, but I like 1, 2, 4, 6 and 10.
Gathering as much knowledge about tradiing, setting aside a seperate budget, dividing investming between multiple assets, saying updated and exiting at right time. all these are so crucial for a trader.