How to start spot trading in crypto?

For those seeking to embark on the journey of crypto spot trading, it's crucial to understand the fundamentals. Could you please elaborate on the initial steps one should take? Firstly, is it necessary to conduct thorough market research and analyze the various cryptocurrencies available? Should one then select a reputable exchange platform that offers competitive rates and robust security? Additionally, would you recommend setting up a dedicated crypto wallet to store your assets securely? What about understanding order types, such as market and limit orders, and when to use them? Furthermore, could you discuss the importance of managing risk through techniques like stop-loss orders? Lastly, would you advise new traders to start small and gradually increase their investment as they gain more experience? Thank you for your insights.