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E-shipper

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Quote from: Silberman on May 02, 2017, 09:25:06 PM

Quote from: CryptoCopper on April 28, 2017, 04:55:49 AM

I think that patience and discipline is not enough. It's mandatory to know math, statistics, probability theory,
all of the important news, to know what is important and what's not. Wink

While all of that will make your life easier as a trader I tis not mandatory to be an expert on any of those fields to be successful at trading, the most important thing is to to read the most books you can and learn from them and then apply that knowledge to your advantage.

You can read a lot of good information from books, but only practice makes the user a good and professional trader. For those who do not do very well with this task, they are advised not even to take this business into account.

Silberman

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Quote from: CryptoCopper on April 28, 2017, 04:55:49 AM

I think that patience and discipline is not enough. It's mandatory to know math, statistics, probability theory,
all of the important news, to know what is important and what's not. Wink

While all of that will make your life easier as a trader I this not mandatory to be an expert on any of those fields to be successful at trading, the most important thing is to read the most books you can and learn from them and then apply that knowledge to your advantage.

jeraldskie11

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Quote from: tyson187 on March 29, 2017, 08:55:54 AM

Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?

Yes, there are many newbies entering cryptocurrency trading without computing and analyzing what to invest. To become a professional trader, you should manage your emotions because emotions could affect a lot to you when you do trading, sometimes it is why you will lose. Patience also is the key to your success.

Sled

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Bitcoin- in bullish time

Quote from: boyptc on April 30, 2017, 07:34:13 PM

Quote from: tyson187 on March 29, 2017, 08:55:54 AM

Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?

To become a professional trader, let's set aside the skills and knowledge because it's a common answer. I like to add the experience, this is will make you as sure professional trader. Because the way you are going to trade depends on your experiences and if ever you had enough experience, time will tell that you are near to it.

Experience is the best teacher and when you have experience then the skills and knowledge will follow you because getting experience is like getting knowledge from your mistake and having a skills because you will base your moves on the things that you've learned from the mistakes that you've been done.

boyptc

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★Bitvest.io★ Play Plinko or Invest!

Quote from: tyson187 on March 29, 2017, 08:55:54 AM

Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?

To become a professional trader, let's set aside the skills and knowledge because it's a common answer. I like to add the experience, this is will make you as sure professional trader. Because the way you are going to trade depends on your experiences and if ever you had enough experience, time will tell that you are near to it.

Fireblade

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Activity: 770

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Quote from: CryptoCopper on April 28, 2017, 04:55:49 AM

I think that patience and discipline is not enough. It's mandatory to know math, statistics, probability theory,
all of the important news, to know what is important and what's not. Wink

yes for becoming a good and professional trader you need to have a lot of experience and trading skill and you can only get experience by spending time in trading, therefore i will say that first you should invest some small amount in trading alt coin and only through this way you can get experience in trading alt coin. experience is too much important in trading, because without experience trading is more risky than gambling where we mostly depend on our luck.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Apened on April 29, 2017, 08:47:42 PM

Quote from: CODE200 on April 28, 2017, 06:08:40 AM

Quote from: tyson187 on March 29, 2017, 08:55:54 AM

Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?

Patience is the key in trading because the flactuation of price is not an instant so if you have the patience then you can be a good trader because that is the with the huge earning and another is don't trade blind.

I agree , patience is the one that professional trader must have.
Skills to use everytime to earn profits
And research in what coin have a good potentials.

Yes nothing can beats patience when it terms of trading because patience is the key in trading and if you have that, the rest of the characteristics that you need will follow just like skills because if you have patience you will gain skills by studying the market and the basics.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: CryptoCopper on April 28, 2017, 04:55:49 AM

I think that patience and discipline is not enough. It's mandatory to know math, statistics, probability theory,
all of the important news, to know what is important and what's not. Wink

That's not a requirement and a must but still an important additional knowledge to improve the chances of earning a profit throughout the skill of reading the current circumstances and graphic.
Traders could just buy and sell with their feelings but with that mandatory knowledge you've mentioned, they'll seem to have even better potential instead of relying on luckiness based on feeling.
and more important, feeling sometimes could trick us.

Apened

hero member

Activity: 1386

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Quote from: CODE200 on April 28, 2017, 06:08:40 AM

Quote from: tyson187 on March 29, 2017, 08:55:54 AM

Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?

Patience is the key in trading because the flactuation of price is not an instant so if you have the patience then you can be a good trader because that is the with the huge earning and another is don't trade blind.

I agree , patience is the one that professional trader must have.
Skills to use everytime to earn profits
And research in what coin have a good potentials.

Silberman

legendary

Activity: 2716

Merit: 1383

Quote from: tyson187 on March 29, 2017, 08:55:54 AM

Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?

The most important thing is to not rush to trade, the markets will always be there and you will always have opportunities to make money so the most important thing is patience and then knowledge since if you don’t know what you are doing then you are just gambling.

CODE200

sr. member

Activity: 1484

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Quote from: tyson187 on March 29, 2017, 08:55:54 AM

Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?

Patience is the key in trading because the flactuation of price is not an instant so if you have the patience then you can be a good trader because that is the with the huge earning and another is don't trade blind.

danherbias07

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Leading Crypto Sports Betting & Casino Platform

For me it is really patience.
Proved that recently with seeing one of my friend getting a lot of profit from NEM.
It was before that we decided to buy some of it but I doubted it and took the 100 satoshis per NEM profit already and never bought back.
My friend stayed and let it be or just left it there. Now he is gaining like 3000 satoshis per NEM and still counting.
Patience is really a virtue.

CryptoCopper

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Activity: 53

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I think that patience and discipline is not enough. It's mandatory to know math, statistics, probability theory,
all of the important news, to know what is important and what's not. Wink

SmokerFace

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Quote from: Perle on April 26, 2017, 12:21:57 PM

Quote from: Monnt on April 26, 2017, 09:16:01 AM

Quote from: praboso96 on April 25, 2017, 06:31:10 AM

Quote from: SmokerFace on April 25, 2017, 05:22:11 AM

Quote from: tyson187 on March 29, 2017, 08:55:54 AM

Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?

I'm not a professional or a newbie trader, just an average trader because im just 2months old in doing a altcoin trades but i can give you a tip to become a good trader.
The characteristics to be developed for becoming a trader is:
1. Analyzing - it is the most important thing to do when you making a trades because many altcoins turning into shitcoins and big whales making a fake pump to get a victim, the most people they victimize is the newbie because they didn't know if the coin is getting pump continuesly and they buy it in the higher price when the coin is trend.
2. Patience - after you analyze the coin you want and when you get a good news or projects about it you need to be patience if you know that the coin has a potential to rise just hold it for a long time and it's called longterm method.
3. Strategy - strategy and good thinking is best too Ex. if you buy a coin in 25sats then it will rise to 100sats then you read a news that the coins will get dumped because BTC price will getting pump, You need to sell it in 100sats and wait it to dump again then BUY then you have a 300% profit + another profit when you buy again in low price Grin

That's the only thing i know in trading but experience is the best key to success in trading bitcoins and altcoins GOODLUCK! Grin

I agree. These are the three most important components for a successful trader. And of course we need experience that will come with the time of trade.

I personally learned this the hard way, I was a newbie and I saw people talking about trading and how it is profitable and how they earn a lot from it so I was tempted to try it so I saved some coins and jumped into it without learning about it or having any experience and I lost all of my coins doing the wrong decisions, so I quit it and thought it was a lie and people were just lucky, but over the years i learned more about it and I tried it couple of times until I was able to get profit.

I agree with you. For trade, you need experience and knowledge. Ability to analyze the situation and news. I have a similar situation - I started trading without experience and lost everything. I was very angry. But then I realized that it's all my fault

In trading, Every mistakes you made is equal to strategies that you learn so if you'll not learning for every mistakes you make bitcoin trading is not for you, Trading is not only buying low and selling it high if you see the coin is low price it's about analyzing and looking for the good development of the coin.
Reading the candlesticks too can help us to know if the coin have posibility to get higher, many strategies you can do if you research about trading techniques.

asyakashi

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Quote from: layoutph on March 29, 2017, 09:51:36 PM

I think newbie traders should know atleast the basic of reading of candles so they will know if they need to BUY or SELL a certain coin. Also from how to read candles using different time frames, 5MIN, 30MIN, 1HR, 2HRS, 4HRS, 1DAY, 1WEEK, 1MONTH.

Check out the pattern below.

This is very helpful, but for beginners like me reading charts like this is very difficult, are there any charts/candles that indicate the price will go up or down ?? Thank you if you want to share

asyakashi

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Activity: 1918

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Just.bet - Decentralized On-chain Casino

Quote from: tyson187 on March 29, 2017, 08:55:54 AM

Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?

Be patient, calm and keep emotions I think it matters, how our attitude keeps it easy to panic when prices go down continuously. The latter quickly determines the decision to take advantage or get out of the market (CL). Cheesy

CyberKuro

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Quote from: tyson187 on March 29, 2017, 08:55:54 AM

Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?

To become a professional trader, it takes a lot of time to get experiences as much as you can to learn how the trading market changing due to speculation and good development. So, you need more information (research) and good analysis (calculate) to determine the best time to buy and sell. So, we need more experience, knowledge and be patient to analyze fluctuate of the coin.

batang_bitcoin

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I don't treat myself as a professional trader but I'm getting good profit when I'm starting to sell my alt coins. Maybe you just need to know what are the most promising coins, have a plan on what you are going to buy and set a range of limit or amount before you are going to sell those alt coins. Make sure to study each of those coins, you don't have to be that professional.

goinmerry

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Quote from: Kotone on April 26, 2017, 12:55:11 PM

Once we made mistake we can't turn the time back and fixed it we need to think it twice before making decision those dickhead who don't think are don't really had a good future from trading.

Mistakes is the one that keeps the trader better improved their trading strategy as their trading journey goes by. Even a professional trader today still experiences mistakes and big loss. But that loss doesn't mean they are shit since if we look into their whole stats, the winning percentage is good looking.

Quote from: Kotone on April 26, 2017, 12:55:11 PM

We know about trading but you need to have a experience before dealing with it. You will learned it step by step trust your self.

That's why a newbie must deal in an actual trades after reading some basics so that they will have an experience. Just reading will not make them an experienced trader.

Kotone

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Quote from: danherbias07 on April 26, 2017, 09:28:01 AM

At first you cant avoid the regrets. It will always happen. But those are the lessons that you will be treasuring after.
The next trades will be better if you would just continue. I see some people that gets their hope lost in just a single trade to which they lose. I dont think that is how it works. You would need to take the next step even if there is a risk.

Once we made mistake we can't turn the time back and fixed it we need to think it twice before making decision those dickhead who don't think are don't really had a good future from trading. We know about trading but you need to have a experience before dealing with it. You will learned it step by step trust your self.

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