Bitcoin Trading! - page 14. | Bitcointalksearch.org

BillCoin

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Quote from: nl247 on January 04, 2018, 11:50:59 AM

Quote from: spring07 on January 02, 2018, 12:47:54 PM

Because of the volatility of cryptocurrency, you can make stupendous profits or losses in a split second.
However you need to adopt a trading strategy. DO not be greedy. Set a goal. As soon as you achieve it, cash out your capital, keep your profit, smile to the bank and reinvest.

Setting a goal is very important and the reason some people do not get the best experience is because they either do not know what they do or they probably are just too greedy like you have said to know when exactly to take profit, when to opt out in a losing environment and how to use analysis to know the next decision to make rather than just gambling the market. Skill and experience is very needed, but skill is what is needed first and experience is definitely something that would be gotten as one keeps practising.

It's really hard to set a goal at trading.
If you are a professional trader, you should know that sometimes the company/coin that you invested in are publishing news or having something new going, it's hard to determine from upfront when it will be the right time to sell.

Greediness at trading is a thing that happens only to unprofessional traders, they tend to fall for feelings and to trade ( just by how they feel), while professional traders will ONLY trade based on technical analysis and other technical factor.

A professional trader will never buy and sell based on feelings!

jrrsparkles

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Quote from: Astvile on January 06, 2018, 04:34:51 PM

Theres no such skills needed in being succesful in trading you really need experience through it and knowledge not skills.It is best to research first before going in to something and thats what you need for being succesful,also learning from your past experience will help too

One of the successful ways in trading with bitcoin is to research your self before enter into trading this very useful for beginer who interested in this trading business, trading is one of the best profitable business in today's economy so we can trust this business surely .

Astvile

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Activity: 1484

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Theres no such skills needed in being succesful in trading you really need experience through it and knowledge not skills.It is best to research first before going in to something and thats what you need for being succesful,also learning from your past experience will help too

maeusi

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Activity: 462

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The best trading would be to build up a portfolio with promising cryptocurrencies on longterm. They are mostly all growing for years. For day trading good signal groups (not bump and dump) could maybe help.

coinplus

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Quote from: Laland on January 02, 2018, 09:23:19 AM

Quote from: Insanerman on January 02, 2018, 08:32:44 AM

Cryptocurrencies are one of the most profitable markets in the industry of trading. But a very volatile market that can cause big gains and loss. In order to be succesfull it is not all about having experience or skills, you should also define a set of rules and what strategy you are going to use.
Use fundamental and technical Analysis, by making use of that you are a one step ahead trader and you will know how to read the price movement to avoid losses.
Also make advantage ot the time. Make sure that when you are buying you know that you will gain profit.
Lastly, learn how to take and manage the risks. We are in a fast growing digital market which can lead to an easy loss.

I quite agree but for me it is in how you interpret what you read or analyze. Even if you are experience but still doing the same thing over and over it is not working. We have to at least upgrade our styles in trading. Buy low sell high is common term but sometimes the work is on where to invest. Many people on social media would share what they think it is a good coin but it is us to make our own risk.

Highly profitable and for those who are able to make use of the opportunity by learning how to manage to trade will be able to get the best of the trading environment. The only way you can get strategies, learn how to analyze is by reading some good resources that are available online, which is where you get the first skill set from and experience is what you will need to keep building on it.

achsan fauzy

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You must have the skills and experience if you decide to trade bitcoin. market very volatile bitcoin can give you a huge advantage if you are able to predict the market. Therefore you have to have the skill and experience

sumon.zi

jr. member

Activity: 183

Merit: 1

Investing to trading is not easy job.trading is a very difficult job.so carefull is handle this .needs a big amount for trading any exchange.

Yabuy92

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Activity: 396

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Quote from: cryptoking345 on January 02, 2018, 07:57:34 AM

I am a beginner in the field of bitcoin trading, want to know whether success in trading depends more on experience or on skills.

I do not understand the questions you make because the experience and skills are in line not possible he is skilled if you do not have experience,

thank you just want a correction only

gesdan

full member

Activity: 616

Merit: 100

hi im a newbie too, as i know if you want to getting success in bitcoin you need to learn about bitcoin and knowing what is bitcoin and how it works, and i know that if you want to get big income i think experience is more important the skill, because in experience you can get the big skill too. so if you have a skill you need an expereinces too to get the great value of income

corpice

newbie

Activity: 140

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Saya baru gabung dan mengenal bitcoin,.mau tanya...??
Di perdagangan bitcoin ini seperti apa,.dan turun naiknya itu d pengaruhi oleh apa....!!

player514

legendary

Activity: 1414

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Quote from: cryptoking345 on January 02, 2018, 07:57:34 AM

I am a beginner in the field of bitcoin trading, want to know whether success in trading depends more on experience or on skills.

In terms of bitcoin/altcoin trading, you need to find a good balance of both. There's a level of experience needed to analyze the trends of the coin. For example, only experienced traders know when to expect a drop and a rise. They can accurately predict these and make tons of money off of it. However, they're also skillful because they know how to use the exchanges they work on in order to make the most of their money. Knowing all of these small spots allows you to maximize your profits.

Kevin77

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Quote from: Insanerman on January 02, 2018, 08:32:44 AM

Cryptocurrencies are one of the most profitable markets in the industry of trading. But a very volatile market that can cause big gains and loss. In order to be succesfull it is not all about having experience or skills, you should also define a set of rules and what strategy you are going to use.
Use fundamental and technical Analysis, by making use of that you are a one step ahead trader and you will know how to read the price movement to avoid losses.
Also make advantage ot the time. Make sure that when you are buying you know that you will gain profit.
Lastly, learn how to take and manage the risks. We are in a fast growing digital market which can lead to an easy loss.

You cannot do without both of them, but you need to have the skill first which you can get from using some of the resources online to learn and from there you can gradually build up on it as well as the experience. Experience is usually the best teacher but you should not opt for it first so you can know how to start trading effectively and then from there you will keep getting better.

Skills first and then experience will follow. The only way you can get the best from trading is to learn and with that, you can make the best use of the trading environment to practice some of the things you have learned and as time goes on, you will keep getting some experience and those experience would make you to be a better trader over time.

katinko

full member

Activity: 196

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You can learn how trading works, skills can be learn, all things in earning method in bitcoin specially in trading can be learn by somebody. There are many strategies in trading some them are doing short term trading and others are doing long term trading or they hold a coin for long period of time because they will know the brighter future of those coin specially bitcoin.

Suzan

full member

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Experiences or skills are needed in trading, but there are other things that determine success in trading. Many things are needed, for example:
We should always get update on bitcoin news.
We should be able to know which cryptocurrency we should buy and has a good future.
Maybe that's what I can suggest to be considered.

xuan87

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It's depend on both, you need to have the experience to build your skill, all of the speculation is based on chart and market condition, and you can understand more how the market and trend going to work when you build more experience, the skills is needed to analyze this situation and your experience will make your analyzing skill become optimal

serjent05

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Quote from: cryptoking345 on January 02, 2018, 07:57:34 AM

I am a beginner in the field of bitcoin trading, want to know whether success in trading depends more on experience or on skills.

I believe they depend on both experience and skill. Aside from that it also depends on the information we gather during our research. Trading really requires experience and from this exprience we can improve our skills. In short we must learn from our experience, to strenthen our skills in trading and reinforce it with news, updates by doing a thorough research.

nidacoinlove

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Activity: 588

Merit: 254

Quote from: nl247 on January 04, 2018, 11:50:59 AM

Quote from: spring07 on January 02, 2018, 12:47:54 PM

Because of the volatility of cryptocurrency, you can make stupendous profits or losses in a split second.
However you need to adopt a trading strategy. DO not be greedy. Set a goal. As soon as you achieve it, cash out your capital, keep your profit, smile to the bank and reinvest.

Setting a goal is very important and the reason some people do not get the best experience is because they either do not know what they do or they probably are just too greedy like you have said to know when exactly to take profit, when to opt out in a losing environment and how to use analysis to know the next decision to make rather than just gambling the market. Skill and experience is very needed, but skill is what is needed first and experience is definitely something that would be gotten as one keeps practising.

Everyone in trading has a goal to earn money to increase the existing assets the person has. Sometimes you miss the calculations that cause you to face loses. But no doubt excellent skills with solid trading strategy really works but even they can't be helpful due to lack of experience. Growing experience will polish your skills and will bring maturity to the strategies. Also keeping control on greed is kinda art, due to it you can be safe from being exposed to trading suicide.

nl247

full member

Activity: 518

Merit: 145

Quote from: spring07 on January 02, 2018, 12:47:54 PM

Because of the volatility of cryptocurrency, you can make stupendous profits or losses in a split second.
However you need to adopt a trading strategy. DO not be greedy. Set a goal. As soon as you achieve it, cash out your capital, keep your profit, smile to the bank and reinvest.

Setting a goal is very important and the reason some people do not get the best experience is because they either do not know what they do or they probably are just too greedy like you have said to know when exactly to take profit, when to opt out in a losing environment and how to use analysis to know the next decision to make rather than just gambling the market. Skill and experience is very needed, but skill is what is needed first and experience is definitely something that would be gotten as one keeps practising.

Kayum10029

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Activity: 1190

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Quote from: cryptoking345 on January 02, 2018, 07:57:34 AM

I am a beginner in the field of bitcoin trading, want to know whether success in trading depends more on experience or on skills.

yes bitcon trading depends largely on the skill and knowledge of trading. another subject is to taking risk. risk is the prime phenomenon of trading bitcoin.

Sihab76

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Activity: 1302

Merit: 100

Quote from: cryptoking345 on January 02, 2018, 07:57:34 AM

I am a beginner in the field of bitcoin trading, want to know whether success in trading depends more on experience or on skills.

Yes, the main factors of trading 💹 Bitcoin is depends on its experience and knowledge of trading systems and having skill about bitcoin trading. Risk taking is another prime catalyst of trading bitcoin.

Topic: Bitcoin Trading! - page 14. (Read 1505 times)