I agree with article 4, do not over invest what you are willing to lose. It is best for people to invest a small amount of capital in the cryptocurrency market, if you lose money then it will not affect your life.
I can add one thing that is always in control of your emotions, every emotion in any direction affects your investment decisions. If you cannot control your emotions, it is best not to be a trader.
Topic: 7 Things to Know to Become a Successful Crypto Trader - page 4. (Read 585 times)
5) Losses are a part of the process
Traders and investors trading in crypto including the novice traders need to know like in any business ROI in crypto trading doesn’t come easy. It's important to remember that losing helps your learn, make changes in the strategy and improve your chances for better results. There is never enough research for finding the right strategy, you should keep working at it and try working on new strategies regularly to cope up in every market condition
This part is what makes traders mentality down and in this part our emotions are tested, whether to continue trading until become an experts or stop when it faces lose.
This process is very important to support the continuation of our careers as traders.
Thanks for sharing anyway.
Pretty obvious that the OP just wanted to bring traffic so that website, and I'm not going to be surprise if that is his own blog, Lol.
Anyways, thanks for sharing though, I would say that it is well written and different from the other post that I have seen so far. Regarding diversification though, for me the real meaning is that don't put everything in crypto, you should have a portfolio that contains stock or even precious metals and real state.
Anyways, thanks for sharing though, I would say that it is well written and different from the other post that I have seen so far. Regarding diversification though, for me the real meaning is that don't put everything in crypto, you should have a portfolio that contains stock or even precious metals and real state.
I don't really care about articles like that, I want to know if you have become a successful trader, how many people are good at making nonsense, but in reality they are not like what they say, speak from the results of your own experience so you can provide concrete evidence.
Becoming a successful traders are more than just reminding those theories but we also need a trader instinc and really strong analysis and prediction. I think the really smart person is not enough to success in trading but the successful trader needs big luck and strong analysis.
I don't really care about articles like that, I want to know if you have become a successful trader, how many people are good at making nonsense, but in reality they are not like what they say, speak from the results of your own experience so you can provide concrete evidence.
To be honest you will not only know 7 things because knowing is not enough for us, we need to experience it by our ownselves. Trust me a wprd is a way far from experience even we could say that we know their mistakes we are just a human and we can't avoid failure but the things that you stated is a big step for the others to know what they need to do and to know more about before jumping into a trade.
It seems that you just only copied and pasted it here. You should include your additional thoughts or say something about the article cause It only looks like plagiarism though. This thread may get deleted, it doesn't contribute anything aside from sharing some contents of the article and its source link.
You've done well. The tips are on point although I feel #3 and #4 are a little bit out of the context of a trader. It's much more about an investor. Stuffs like lending or loans shouldn't be included. A trader should be more concerned about the market rather than platforms that offers monetary services. Aside from that, other tips are quite helpful especially for beginners. Kudos.
7 Things to Know to Become a Successful Crypto Trader
The growth in the Blockchain and cryptocurrency space shows their future potentiality to rise over the other payment technologies. Investing in crypto isn’t that difficult, but then it isn’t that easy either. In order to be a successful trader it is important to have a strategy and follow it till you see the results and repeat if required. After conducting a thorough research we have compiled the top 7 facts to know to succeed in crypto trading.
1) Build a diversified portfolio
Beginners put all their eggs in one basket while a professional would know what to do exactly. The smarter approach is to build a diversified portfolio based on market cap, tech and team behind the project. This decreases the risk of incurring losses.
2) Review your portfolio and trading strategy every 60 days
It is easy to chart your progress and see which way your portfolio is moving. As traders follow their strategy, it is advisable to keep an eye on Bitcoin price and its market capitalization. As Bitcoin’s price increases, its market capitalization increases and this leads to a fall in altcoin prices. This means it's time to hold or exchange for Bitcoin.
3) Don’t participate in lending programs with inadequate information
While there are lucrative lending programs in the market offering as much as 8% interest pa on lending your cryptocurrencies, it is recommended that you conduct a thorough research and then invest in such projects.
4) Do not loan funds for investing in crypto
Avoid trading in cryptocurrencies with borrowed funds. It is a popular advice in the crypto industry that you invest only what you are prepared to lose. This means taking loans from sharks or banks is not advisable as you are risking your borrowed capital in a volatile market with no guaranteed returns.
5) Losses are a part of the process
Traders and investors trading in crypto including the novice traders need to know like in any business ROI in crypto trading doesn’t come easy. It's important to remember that losing helps your learn, make changes in the strategy and improve your chances for better results. There is never enough research for finding the right strategy, you should keep working at it and try working on new strategies regularly to cope up in every market condition
Continue reading full article on:https://www.digitalticks.com/blogs/7-Things-to-Know-to-Become-a-Successful-Crypto-Trader.html
The growth in the Blockchain and cryptocurrency space shows their future potentiality to rise over the other payment technologies. Investing in crypto isn’t that difficult, but then it isn’t that easy either. In order to be a successful trader it is important to have a strategy and follow it till you see the results and repeat if required. After conducting a thorough research we have compiled the top 7 facts to know to succeed in crypto trading.
1) Build a diversified portfolio
Beginners put all their eggs in one basket while a professional would know what to do exactly. The smarter approach is to build a diversified portfolio based on market cap, tech and team behind the project. This decreases the risk of incurring losses.
2) Review your portfolio and trading strategy every 60 days
It is easy to chart your progress and see which way your portfolio is moving. As traders follow their strategy, it is advisable to keep an eye on Bitcoin price and its market capitalization. As Bitcoin’s price increases, its market capitalization increases and this leads to a fall in altcoin prices. This means it's time to hold or exchange for Bitcoin.
3) Don’t participate in lending programs with inadequate information
While there are lucrative lending programs in the market offering as much as 8% interest pa on lending your cryptocurrencies, it is recommended that you conduct a thorough research and then invest in such projects.
4) Do not loan funds for investing in crypto
Avoid trading in cryptocurrencies with borrowed funds. It is a popular advice in the crypto industry that you invest only what you are prepared to lose. This means taking loans from sharks or banks is not advisable as you are risking your borrowed capital in a volatile market with no guaranteed returns.
5) Losses are a part of the process
Traders and investors trading in crypto including the novice traders need to know like in any business ROI in crypto trading doesn’t come easy. It's important to remember that losing helps your learn, make changes in the strategy and improve your chances for better results. There is never enough research for finding the right strategy, you should keep working at it and try working on new strategies regularly to cope up in every market condition
Continue reading full article on:https://www.digitalticks.com/blogs/7-Things-to-Know-to-Become-a-Successful-Crypto-Trader.html
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