I think the main core of being the best trader would be the patience and the instinct to when you should stop or still go on.
Patience would help in times to when you cant decide to whether dump or buy more. You can just wait until you have the best decision, at this point you wont have to be forcing your way into just making a little money but can wait for the enough profit where you will be satisfied.
Topic: . - page 6. (Read 5488 times)
Very nice explanation, I think emotion really affects the results on how we make trades. For me, trading needs skill, you should know how to analyze and monitor the prices. It needs patience, you can't rush it as you wanted. Other says it is unpredictable that's why it also need awareness.
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?
Professional traders both in forex and crypto currencies trading are those that have developed their skills and knowledge on how to trade the market profitably. They always have their trading plan and reviews it periodically with the aim to catch up with market trend and fundamental and technical issued arising from day to day activities of the market. 
To become professional trader it needs skill and have brain also, knows how to read candlestick and have Patience to trade wheter if the the price dump just wait for the next pump
Always saying
• Dumps "Love" Pro
• Newbei hate it (think first)
As i can see "newbei" is the reason why always the coin dumps because they cannot control here "emoticons" in short "Panic Selling" so
Well this is the always tracking in my mind when i'm now in trading "Emoticons"
So i just want to say "Don't trade with Emoticons"
These are the "Advantages" and "Disadvantages" when you trade with Emoticons, this is always saying my Mentor
Always saying
• Dumps "Love" Pro
• Newbei hate it (think first)
As i can see "newbei" is the reason why always the coin dumps because they cannot control here "emoticons" in short "Panic Selling" so
Well this is the always tracking in my mind when i'm now in trading "Emoticons"
So i just want to say "Don't trade with Emoticons"
These are the "Advantages" and "Disadvantages" when you trade with Emoticons, this is always saying my Mentor
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.
Check out the pattern below.
use candlestick parttern can accurate prediction bitcoin price or all altcoin price
how much about accuration prediction price use candlestick parttern
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 think the most important that we should have is patience because every time we see the price is getting down from our buy price, we can get panic and then we are doing panic sell. be patience is something that we should manage and handle as we only follow with market movements so every time we are seeing the price gets drop, then our patience will be tested. how long we can be patience, its depend on how much you want to wait until the price is back normal again.
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?
Definitely patience.
Yes, there will be no perfect definition for being a professional trader, but we can assume if a trader who is not making losses often and able to make consistent profits on weekly or monthly basis could be considered as a professional trader.
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?
Definitely patience.
The one thing i've learned whilst doing 2 years of altcoin trading is that you never give up halfway through trades. When I was a newbie at things i would always close out my position 4 days in because the markets are moving sideways.
And when the pump finally comes, i have already sold my coins and i spend days regretting.
When you make a plan as a trader, you should always, always follow that plan no matter work. This will also boost your self esteem as gain more and more confidence in yourself as you follow your own goals and succeed.
There are a lot of thing to learn if you want to become professional, you need to have deep analysis skill and need to understand deeply about the factor that control the crypto currency price, and then with the help of your knowledge and experience then you can become professional trader,and trader need to learn from their mistake so they can become better trader and eventually become professional trader
~
Do these candlestick patterns apply to Bitcoins and altcoins? Basically what I'm asking is do the trading patterns of cryptocurrencies follow the same trends as stock market trading?
Do these candlestick patterns apply to Bitcoins and altcoins? Basically what I'm asking is do the trading patterns of cryptocurrencies follow the same trends as stock market trading?
well it is hard to say, when it comes to cryptocurrencies they sometimes work and sometimes don't. in bitcoin they work most of the times and is good to have it in mind and do some analysis there.
but when it comes to altcoins, most of the time they are being manipulated and most of the analysis using candlesticks won't work when there is an unpredictable factor called 'pump and dump" is at play. although again it helps.
Yes candles of Stockmarket, Forex ,Bitcoin and even Altcoin functions the same. The difference is volatility.
For example, heres the current candle for DNOTE at Poloniex using the 24hrs (Day) chart. Did you some bullish pattern from the graph? And yes the price keeps pumping.
Once you see a Bearish pattern, expect it to DROP , so you need to sell.
For example, heres the current candle for DNOTE at Poloniex using the 24hrs (Day) chart. Did you some bullish pattern from the graph? And yes the price keeps pumping.
Once you see a Bearish pattern, expect it to DROP , so you need to sell.
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 caracteristics to be developed is patient wait following the trend of price, if the markets is up trend, they will be entry in market but if the markets is down trend, they will be patient wait and see to entry market
if the trend is back to up, they never against the trend of price.
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.
Check out the pattern below.
Do these candlestick patterns apply to Bitcoins and altcoins? Basically what I'm asking is do the trading patterns of cryptocurrencies follow the same trends as stock market trading?
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?
We must have system trading (trading plan/rules of trading that can give constant profit from trading) to become a professional traders the caracteristics to be developed, how to control feels greed and fears on trading activity, it related with physicology trading, the professional traders very understand about system trading and physicology trading.
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.
Check out the pattern below.
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 I guess the most of important thing is that you need to experience downs and ups by yourself.
Because even you want to become professional trader by you don't experience on how to fall, you don't know how to learn new things on it.
Once you already had it, you will just learn the next important things from that lesson which is going to make you good.
Timing,patience,knowledge and everything.
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 be an expert on the chart analysis. I guess the important aspect if the newbies must learn to gain more experience on the Speculation and analyzation method.Another important aspect such as the nature of the person. But they must have a good mentalism, it will Prevent get the feeling of panic and fear to the market movement.
Be a careful person.
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?
Discipline, Patience and logical thinking(or an attachment to the affairs of whatever you're trading) I notice many new traders in Trollboxes on exchanges panic sell or sell too early(including myself, I'm more passive). To be successful you need to void your emotions and endure losses as learning experiences. To me, at least.
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?
Discipline, Patience and logical thinking(or an attachment to the affairs of whatever you're trading) I notice many new traders in Trollboxes on exchanges panic sell or sell too early(including myself, I'm more passive). To be successful you need to void your emotions and endure losses as learning experiences. To me, at least.
I confirm these characteristics. You should have the discipline to become a professional trader, if you don't have this and if you are so gullible with what's the people are keep on telling that an alt will be pumping soon, you'll lose discipline. Patience, it's a normal thing that you need it since the market is slow when it comes to pricing but you need it and always be calm when you see the trades you've got seems to be collapsing. And last, logical thinking, you need to study on how the market cycle works.
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?
Discipline, Patience and logical thinking(or an attachment to the affairs of whatever you're trading) I notice many new traders in Trollboxes on exchanges panic sell or sell too early(including myself, I'm more passive). To be successful you need to void your emotions and endure losses as learning experiences. To me, at least.
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