Can I become a professional trader? - page 3.

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Quote from: lixer on January 25, 2024, 12:48:10 PM

Quote from: Strongkored on January 24, 2024, 01:35:36 AM

Quote from: Life_Saving on January 15, 2024, 07:00:01 AM

I want to choose crypto currency trading as a career

Making trading as a career doesn't seem ideal because trading is not like a job where you will definitely get a salary when you finish the job.
In trading, you can not only get profits but losses will also be impossible for you to avoid, no matter how skilled you are at trading, you will definitely get both, so that when you are not mentally able to see the losses you get then you will be even more stressed and it will make it more difficult to analyze the market for opening positions in the next trade, so if you want to make trading a career then you must have income from other sources and the money you use to trade is what you can afford to lose, but I don't see that as an ideal thing to do as a career.

There are professional traders. So if they can do it, why can't we? It is only not easy though. So, first we can start with a job and we can trade in the background. We also need to save up a lot of money before deciding to abandon our job for trading, so that we can be able to survive in tough times, since not all times we can earn a profit in trading. Being stressed is a kind of emotion. Other than that, there is also greed that we can feel once the opposite outcome is showing.

We need to remain calm so that we can still trade stably, since over-trading and using more money increases our risks. We may get lucky but not all times the results are like that.

This is where people should really be trying out to cling into on which there are indeed those so called expert traders or professional ones. Even if we do hate it or not, there were those people who are really that good to make out those market predictions despite of having no assurance on what would happen in the market in speaking about future events. They do really just that know on what they would really be able to make use off.
If you are that someone who are really that a fan on following someone then it would be usually be something on how you do look at on how well they do make out those trades.

When you are really just starting up on becoming a trader then you would really be finding out yourself to be that having that kind of stir up like kind of idea into your head.
This skill isnt something that you could really be able to learn up on a short period of time on which it would really be that just normal that you would really
be that making yourself having that fast pace on learning up things on which its never been that recommendable.

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Trading is definitely a long journey that requires time, effort, and commitment. There will be losses and failures, but that's part of the process. I've been trading for a bit now. I still think of myself as a student with more to learn. But I've picked up a good amount so far and feel like I can handle whatever the market throws at me and, but I dont expect to profit on every trade. No one bats a thousand. But I trust in my skills and experience so far. Even if I have losing days I know I can bounce back.

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Quote from: Strongkored on January 24, 2024, 01:35:36 AM

Quote from: Life_Saving on January 15, 2024, 07:00:01 AM

I want to choose crypto currency trading as a career

Making trading as a career doesn't seem ideal because trading is not like a job where you will definitely get a salary when you finish the job.
In trading, you can not only get profits but losses will also be impossible for you to avoid, no matter how skilled you are at trading, you will definitely get both, so that when you are not mentally able to see the losses you get then you will be even more stressed and it will make it more difficult to analyze the market for opening positions in the next trade, so if you want to make trading a career then you must have income from other sources and the money you use to trade is what you can afford to lose, but I don't see that as an ideal thing to do as a career.

There are professional traders. So if they can do it, why can't we? It is only not easy though. So, first we can start with a job and we can trade in the background. We also need to save up a lot of money before deciding to abandon our job for trading, so that we can be able to survive in tough times, since not all times we can earn a profit in trading. Being stressed is a kind of emotion. Other than that, there is also greed that we can feel once the opposite outcome is showing.

We need to remain calm so that we can still trade stably, since over-trading and using more money increases our risks. We may get lucky but not all times the results are like that.

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Quote from: Strongkored on January 24, 2024, 01:35:36 AM

Quote from: Life_Saving on January 15, 2024, 07:00:01 AM

I want to choose crypto currency trading as a career

Making trading as a career doesn't seem ideal because trading is not like a job where you will definitely get a salary when you finish the job.
In trading, you can not only get profits but losses will also be impossible for you to avoid, no matter how skilled you are at trading, you will definitely get both, so that when you are not mentally able to see the losses you get then you will be even more stressed and it will make it more difficult to analyze the market for opening positions in the next trade, so if you want to make trading a career then you must have income from other sources and the money you use to trade is what you can afford to lose, but I don't see that as an ideal thing to do as a career.

People need to understand that they cannot rely on something which doesn’t have a guaranteed and fixed income. Trading is very uncertain. Sometimes you make huge profits, but majority time you don’t make profits, rather you make losses. Hence making it as your primary source of income and treating it as professional can be really risky. What you can do is rather do a small job for daily necessities and do trading as a side income. This is the best way to make money both ways.

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Quote from: Patrol69 on January 23, 2024, 10:01:03 AM

Of course you can become a professional trader but you cannot become a professional trader in the beginning. Trading will be difficult for you in the beginning but if you can overcome this difficult period well then surely you can take your trading skills to another level. At the beginning of trading you may have difficulty in understanding the market or it may be difficult to determine the target, but if you can move forward slowly without considering this difficulty as a difficulty, then you will definitely know more in the later periods than the previous period. There should be enough curiosity to know, the more curiosity you have the more you will learn and the more you know about trading the more skilled you will be in trading.

The time that you spend on trying to figure out how to become a better trader could take a while depending on how good you are with math, it should not really be a problem. I get that it is not going to be forever neither, but do not rush into trading, thinking that you have done very well.

If you rush into trading without studying at all, then you will not be good at all, but if you study a bit and still rush into it, you will learn only half of what you should know and you are going to end up with a problem again anyway. It is much better if you could study all the way up and learn everything you should and then start small and get slowly better, that would make it a lot better for you in the end and should be your way forward.

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The journey in trading takes a lot of time and discussion making, people start from zero knowledge or just a small piece of it throughout the time's research, what are the ideal indicators, candles and strategies you can test all out now with the help of trading view or other platform supporting make a paper trade so you can practice your skills but of course it's different if you are using real money the commitment is right there because there's money at risk on the table, failure is part of this because you cannot learn from your mistakes and most of the traders does not have a successful trade as always. Experience and knowledge is the best key to become professional trader, me as a trader with some experience i know to my self I'm not yet a professional but i know how i can survive the market.

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Quote from: Life_Saving on January 15, 2024, 07:00:01 AM

I want to choose crypto currency trading as a career

Making trading as a career doesn't seem ideal because trading is not like a job where you will definitely get a salary when you finish the job.
In trading, you can not only get profits but losses will also be impossible for you to avoid, no matter how skilled you are at trading, you will definitely get both, so that when you are not mentally able to see the losses you get then you will be even more stressed and it will make it more difficult to analyze the market for opening positions in the next trade, so if you want to make trading a career then you must have income from other sources and the money you use to trade is what you can afford to lose, but I don't see that as an ideal thing to do as a career.

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Quote from: Patrol69 on January 23, 2024, 10:01:03 AM

At the beginning of trading you may have difficulty in understanding the market or it may be difficult to determine the target, but if you can move forward slowly without considering this difficulty as a difficulty, then you will definitely know more in the later periods than the previous period. There should be enough curiosity to know, the more curiosity you have the more you will learn and the more you know about trading the more skilled you will be in trading.

Just absorb every difficulty that you will be getting from your beginning as you trade. You will have the ideas that will be built on that time when you start.
If you want to be a professional trader, you're still far from it because there are no qualities to become one other than being good in doing trades and the most important is when you are profitable.
You may even call someone who's very profitable and yet he's humble and won't want to get called as a pro trader.

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Quote from: Patrol69 on January 23, 2024, 10:01:03 AM

Of course you can become a professional trader but you cannot become a professional trader in the beginning. Trading will be difficult for you in the beginning but if you can overcome this difficult period well then surely you can take your trading skills to another level. At the beginning of trading you may have difficulty in understanding the market or it may be difficult to determine the target, but if you can move forward slowly without considering this difficulty as a difficulty, then you will definitely know more in the later periods than the previous period. There should be enough curiosity to know, the more curiosity you have the more you will learn and the more you know about trading the more skilled you will be in trading.

The curiosity aspect is often underrated, it is true that traders are almost exclusively interested in learning how to do this activity due to the profits they can get, however if you have a genuine desire to get to know and understand how the markets work, this will give you the drive to really dig into as many books as you can in order to look for the answers you are looking for, which in return will allow you to develop a more complete view of the markets and allow you to profit from them.

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Of course you can become a professional trader but you cannot become a professional trader in the beginning. Trading will be difficult for you in the beginning but if you can overcome this difficult period well then surely you can take your trading skills to another level. At the beginning of trading you may have difficulty in understanding the market or it may be difficult to determine the target, but if you can move forward slowly without considering this difficulty as a difficulty, then you will definitely know more in the later periods than the previous period. There should be enough curiosity to know, the more curiosity you have the more you will learn and the more you know about trading the more skilled you will be in trading.

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Quote from: redsun114 on January 23, 2024, 01:35:24 AM

Why not? As long as you are a master of it. I think there are pro traders who already made trading like a full-time profession. Trading can still be done in automation, so we still can add something to it, in order to maximize our income potential. Indeed trading is risky, so if we don't want to experience the full risk, we can channel it instead on other activities...

In any case, until a trader can regularly make a profit from trading, it is too early for him to leave his job in the office. Accordingly, the salary received for such work will be a guaranteed source of income, unlike the profit received from trading.

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Quote from: Life_Saving on January 15, 2024, 07:00:01 AM

I want to choose crypto currency trading as a career but I feel like I need to know a lot about it to choose it as a career and I don't think there is anything better to do from here.
As I am new to this place I am trying to know which aspects I can take Cryptocurrency trading as my career if I know well.

After searching various online platforms youtube twitter different places I realized that if I want to do cryptocurrency trading it is very important for me to learn many things first including -

Technical analysis
Fundamental analysis
Candle Analysis

If I can master the above I think I can be a successful trader Another thing I noticed is that when the market goes up or down again, no chart or technical analysis or fundamental analysis works Do I have to depend on the news or should I pay attention to the news that if there is good news in the market the market goes up a lot and bad news actually the market goes down a lot I am gaining knowledge from YouTube or different online platforms to become a professional Cryptocurrency trader

Is there anyone here who is a professional trader, I want to help him that apart from the above mentioned things, what should I know as a professional trader, do you know of any platform or site from where I can take professional trader training ?

If you try then surely you can become a professional successful trader. There is no such thing as a human effort, if a person tries, any impossible task can be made possible. A professional trader he cannot become a professional overnight he has to start from zero to become a professional. To be a professional trader you must analyze the market more and more, analyze every candle and you must never lose patience with the trading platform. Don't be too greedy on trading platform and never trade emotionally on trading platform. If you can apply all these strategies then you too can fix your career in trading. But keep in mind that trading platform is not easy that you can earn money from it very easily. To earn money from trading platform you need to have a lot of skills.

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Quote from: Franctoshi on January 16, 2024, 07:14:14 PM

Trading is not something you should totally or wholly depend on as a career or job but should be something you do as an alternative source of income because of the amount of risk that is attached to it , and too there is no guaranteed daily profit making ,except for the fact you have traded for number of years and have evaluated the results, and you are so profitable that the money you make from trading is way far more than what your job pays you and enough to cover your bills and thus making investments with the profits, then you can consider paying a reasonable attention to trading or making it a career as you wish .

Why not? As long as you are a master of it. I think there are pro traders who already made trading like a full-time profession. Trading can still be done in automation, so we still can add something to it, in order to maximize our income potential. Indeed trading is risky, so if we don't want to experience the full risk, we can channel it instead on other activities.

In trading, there is you called daily trading. It won't be termed like that for no reason. So, it's actually possible to earn income daily here. Sometimes it's not only big though, but it's better than getting a losing trade. In crypto, trading and investing is so popular. So, using the profits of our trades to investing is a good idea.

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This is surely a very serious undertaking. The market is so volatile with big ups and downs, trading crypto professional would definitely not be something easy and I think you're on the right track seeking other advise. As long as you believe in yourself I think one can achieve whatever they put their mind to, try to see if you can master the spotting of trends I think the right forecasting of that would assist you in your trades.

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Quote from: GreenStox on January 20, 2024, 12:22:11 PM

but although not everyone makes a living from trading some trade in large amounts so that the profit in one trade can pay the monthly costs even for up to 1 year, so they don't trade completely but wait for the right time, and when they don't trade, they do something else. other.

Every person is always different in how they trade because this cannot only be done in the crypto market. But it can also be done in other markets, including traditional markets or nearby as long as there is a place to do this, so currently there are still people who only trade at certain times. This is normal and not a problem because trading without being forced is a much better thing than continuing to force yourself to trade even with the aim of achieving better profits.

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Quote from: snowpega on January 20, 2024, 08:13:19 AM

If you are new to the crypto industry start by holding and when you realize now you can make trades then start from the little amount you are willing to lose and easily can bear it. If luck goes in your favour you can earn as well from your trades.

One shouldn't depend on their luck when it comes to trading because trading is not like gambling where you make a bet and wait for the outcome while praying that you win the bet. Trading requires knowledge and experience, knowledge is supposed to be gained and collected, and experience will come by the time you learn everything while watching others trade, making small trades yourself, or even using demo accounts to practice what you have learned so far.

So, a person who enters a financial market as a beginner must focus on gaining as much knowledge as possible at the initial stage instead of thinking of earning money as soon as they enter the market because this rush can cause financial loss since you don't know what you are doing which means you wouldn't be able to do it properly.

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It takes a lot of considerations before you can reach the position of a professional trader. While successful trading requires good fundamental and technical analysis, as well as candle analysis, but if you are actually an active trader, you will know that trading is not all about analysis. Patience and consistency of showing positive attitude will also matter a lot.

It’s not that once you trade and you lose after, you will eventually quit from trading due to high risk of losing. Trading requires high motivation to relearn and reset your goals, if you are not flexible enough, you will never last in trading.

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Quote

After searching various online platforms youtube twitter different places I realized that if I want to do cryptocurrency trading it is very important for me to learn many things first including -

Technical analysis
Fundamental analysis
Candle Analysis

Of course technical analysis, fundamental analysis, news about positive/negative factors what's happening into the internet. BULL/BEAR trends. DYOR before buying. Don't be greedy by making profit for a while, do a multiple work so can invest and build much better portfolio and do not depend on trading only it is good for earning for a certain boundaries but don't make trading as a career.

Quote

Do you know of any platform or site from where I can take professional trader training?

No one is perfect and absolute always earns. You can learn from youtube, google bla.bla.bla meanwhile self-learning from TA, FA visiting news sites may helps in your building strategies. Keep grinding it.

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Quote from: Taskford on January 20, 2024, 08:50:51 AM

Quote from: Mauser on January 20, 2024, 07:22:12 AM

Quote from: Life_Saving on January 15, 2024, 07:00:01 AM

If I can master the above I think I can be a successful trader Another thing I noticed is that when the market goes up or down again, no chart or technical analysis or fundamental analysis works Do I have to depend on the news or should I pay attention to the news that if there is good news in the market the market goes up a lot and bad news actually the market goes down a lot I am gaining knowledge from YouTube or different online platforms to become a professional Cryptocurrency trader

When reading through your thread I get the feeling that you have no experience yet as a trader. That's not a problem, but I want to manage your expectations a bit. Everybody had to start somewhere and learn how to invest and trade crypto currencies. The question is do you really want to go directly to becoming a full time trader? Why not first learn and get the experience while trading part time next to your job? This has a lot of advantages, you have a stable source of income to fund your crypto portfolio and let's you trade more and it takes pressure of you to achieve high returns every month. Trading can be very hard and if it's your only source of income you need to know what you are doing. As for your technical analysis part, they definitely work and will be profitable. The only problem is that they work on past trading data. So whenever there is a jump or a reversion in prices, it's going to take time for the technical analysis to show the change in trends. It's not a tool that gives you instantly the best trading recommendation.

For sure he's a total newbie since he would not ask this question if he already got some knowledge about trading. If he know or face already those risk in different scenario for sure he can figure out that trading for them or not. If he really want to became a professional trader he must consider this thing since staying up and be active all the time on your trades is somehow needed since we need to watch and see each result shown since this could help us get more profit also additional knowledge on this industry.

Technical analysis part is tool or methods that people need to have since from that for sure they can figure out something difficult to understand by the help of some tools that are helpful to have so if OP really want to became a professional trader he should start consider to be more active in trading scene and for sure there's a lot of knowledge to get from this doings.

This is why its called a forum since everyone could really be able to post up and make those kind of questions in regarding into a particular thing.Wont really be that much of an issue if you are really that someone whose really having that kind of knowledge on which you could really just simply basically be that asking if ever there would really be certain informations that arent clear to you.
This is they beauty when you do deal up with this place on which there would really be people who are really that willing to help you out on the time you would be asking some queries.

Being a professional trader would really be passing up tons of trials and errors before you could really be able to make yourself to be a good one.
This isnt something a skill that you could really be able to acquire in a short span of time on which it is really just that right that you should really be taking it slowly manner on where
you wont really be putting up yourself on such haste because mistakes do really usually happen on this particular condition.

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Quote from: hugeblack on January 15, 2024, 07:20:16 AM

Quote from: Life_Saving on January 15, 2024, 07:00:01 AM

I want to choose crypto currency trading as a career but I feel like I need to know a lot about it to choose it as a career and I don't think there is anything better to do from here.

Everything you mentioned is true, but your definition is wrong and will cause loss, even if you are a professional. Crypto currency trading is not a career or a full-time job, and even if you are a professional, there is no guarantee that you will get a profit sufficient to pay your monthly living costs.

Trading is a way to increase your investment as If you have invested money and profits from the investment, you can use trading to enhance these profits. If you invest in Bitcoin with money that you do not need and you achieve $1,000 in profits from this investment, then you can use trading to enhance these profits or provide more liquidity for the investment, and then the profits from these profits are what you can spend. Or use it as an alternative to a full-time job (if it is more than your average monthly consumption)

but although not everyone makes a living from trading some trade in large amounts so that the profit in one trade can pay the monthly costs even for up to 1 year, so they don't trade completely but wait for the right time, and when they don't trade, they do something else. other.

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