Before we start to trade we should better start to know what kind of company or platform we will basically to deal with. we should need to know if this company is open for the trade of assets we are interest with. what bonus it can give and what kind of cryptocurrency is available with.
There is 2 different platform that was generally categorized in exchanges as centralized and decentralized.
Centralized exchanges means you can store your funds and exchanges it in different coins or tokens.
Decentralized exchanges or which we called DEX is automated trade and peer to peer.
Step II Analyzed the Crypto currency
For over 1500 coins that existed its really hard to choose which is one better to invest to gain profits. thats the first reason why the top crypto coins is fluctuating upside and downside. So we better be careful to invest in some coins.
Only few crypto currency had achieve mainstream level of popularity but even its popular there is no guarantee that it's keep up in being bullish in trade. sometimes it bearish. so eventually the best way to do is investigate carefully what crypto you'll invest.
One thing you should prior too is make sure the crypto coins that you invested in was available to trade in stablecoins or could be exchanges in your country money.
Step III Look For a better wallet to store your assets
we already know that there usually of e-wallet we could use for but we first should choose the wallet base on our nation currency availability and secured.
Step IV Get a proper knowledge
well as you know trade is not an easy one to do we had a lot of things we need to know before we could start to trade or exchange. so the better way to familiarize with trade is to learn from mentor or institution. There is a lot of platform that giving a training for it and there is also some trusted community you could join to learn from.
Step V Be patience and don't rush
Beginner or Rookie make a lot of mistakes because of rushing and being impatient. trade is usually longer time before we see the profit it can't be rush.
Mistakes that you should avoid to do
putting all your money in one place
investing because of rumours
investing and chasing gains without proper knowledge about the product
tempted by high profit
Tips
diverse your portfolio and have a different platform to avoid a catastrophe effect once one coins had suddenly downside or a platform closed due to bankrupt.
determine the value of particular coins why it rising or falling.
always double check
know your badget ( invest what you afford to lose)
clear your doubt by investigating and fully have a knowledge about what your trying to do.
