Topic: Can I become a professional trader? - page 5. (Read 1275 times)

They say a beginner will see many possibilities with something new, but only a professional or someone experienced in that field will understand the limitations. There are many people who want to learn trading simply because they believe that learning to trade will suddenly make them rich. To really profit as a trader, you require a lot of money because the traders that profit from the market the most are traders who have more invested as equity, and have a good strategy to trade and manage their risk.

The process to mastery of trading is what many traders are on and it takes a lot of time plus focus on learning.

Yea you can actually be a professional trader after all,  every professional trader started from somewhere. It is good you have started your research already to really know what trading is all about but that's not enough. The next step is to make sure you follow up all your researches, learn and try to understand them. You can constantly practice with demo accounts until you are sure you can trade with a real account.  As a beginner who isn't too strong in the trading industry,  you can still follow the trading patterns of expert traders (copy trading).


Trading involves a lot of patience and discipline. Just like the risk involved in trading is high, that's how its return is high too. Profits will not come all the time, this you must know.  If you are going to take up trading as a full time career,  how do you intend to pay your daily bills? You can have other sources of income so you don't depend on your trading profit and make wrong decisions.

As a newbie, I don't think making cryptocurrency trading your full-time profession will help you, but you can make it work most of the time, so it's a temporary solution rather than a permanent one. Additionally, it will be more beneficial and beneficial if you take your time and conduct extensive research before beginning to understand as much as possible about trading, including how the market is watched over, and also among other things.
You've previously covered the steps you need to take before starting a trading trip, so if you truly understand the three points you raised, I believe you'll be able to manage your trade without becoming lost. Since fundamental analysis, in my opinion, is the most important factor in determining one's success in trading, it will be futile for someone without prior trading experience or a solid understanding of the industry. That's why some of the members here have constantly advised us to learn as much as we can about bitcoin trading so that we can find it difficult.

I am not a professional trader, but I am a profitable and smart trader. If you don’t know trading, you have the option to copy trade professionals and make good money. If you want to become professional, then learning is the best thing. Learn trading and use demo account to get acquainted with the market and the coins. Once you feel confident and make good amount of money through demo balance, invest real money and see how it goes. You can only become better through experience.

What's your target from now till the year ends or you don't have any, I can't mention the perfect strategy you should use cause I'm not perfect to teach others and it take time to be perfect. The word professional trader you mentioned don't just come easy and it takes time so I will advice you to be Patience with your learning and it  has to do with dedication and sacrifice to be perfect, when I mean sacrifice I'm talking about your money and emotions, you should learn to control your emotions when trading so you don't have to back off all the time, I will advice you sign up for online classes to know more  about the trading term.

As long as we can, it is likely possible. But I would say that becoming a professional trader is not too easy. Many people had tried this kind of job but guess what, many of them had quit. We can ask why but it is because not all are meant for this job and of course, this won't work for impatient, emotional, and greedy people.

So if you think you can control yourselves and embrace the pressure it gives, it is not impossible to reach.
And most of all, we don't have to stop learning and become confident enough as we already acquired knowledge and skills instead, continue to learn more things from our experience.

Being a professional trader is not too easy. It requires alot of study and making sure to get the foundation right. Dare i say you even need some luck on your side to find those early signals of a breakthrough?. If someone decides to dedicate their day to day life at reading charts than the world is yours.

Although it is very easy to make money from trading, you need to have a good understanding of trading. If you have a job or business, trading can be good for you.  You can only make money from trading. You can't make profit all the time. Some time you will lose and some time you can make profit. When you lose, you need to analyze well then start trading.

That's right, everyone who starts trading can have the opportunity to become a professional trader, but they have to be patient in the process they have to go through. If they can't survive the initial process they have to go through from the trades they make, of course they will never be able to. become a professional trader

What you say is right, everyone who wants to become a professional trader must be prepared for the market uncertainty they will face and don't let it happen that when they see the market conditions are not what they want, they end up making the wrong decision, of course this will be very detrimental to them.

First, to be a professional trader, many things have to be known by you more than the ways of analysis only. Many are so particular about the way they analyze the market and spot their trades but it is beyond that, no wonder people are just losing. They will continue to search for good strategies and many will even discover such but will still not be able to utilize and convert them into successful trading careers because they lack others. Just continue to learn, and you will get to fit the missing pieces over time.

As for the listed analysis above, you have to know that we have two types of analysis which are Fundamental and Technical analysis, while some are now adding Sentimental analysis which is not professional as it relies on what others do. However, the Candlestick analysis is not part of them, it is among what you will learn in the technical analysis. And if you would follow my advice, I advise you to though learn the fundamental analysis too but master the technical analysis better, that is where the beauty of trading lies. Also, if you must learn technical analysis, ensure that Price action, Trendline and other extras like Wave theory and Fibonacci retracement/expansion are known by you.

It might take time, just study them so well, and also all the support and resistance strategies you can set your eyes on. Through them, I am sure that you have a very good strategy that can be sure of at least 75% winning. It is after this you proceed to master your trading style and build good risk and money management with it. Then from there, you master yourself in relation to the market. You need to tame yourself and build a good trading psychology void of emotion, greed and any other distractions that cause traders to fail. This will take long months of training and mastery, if not year(s). Your seriousness will also determine your results.

If you have learned technical analysis, fundamental analysis, and candle analysis, then you have the basic skills for trading, but even having these skills does not mean that you will achieve a regular income from trading. Your access to the knowledge that makes you read the news and then determine the market direction and use technical analysis as a confirmatory analysis is the stage of becoming an expert trader, then the possibility of growing your investment portfolio easily is possible, but even being an expert trader does not mean that you will not achieve losses or that trading will be like a job for you.

There are also many people who have chosen cryptocurrency trading as their profession. To become a professional trader you need to acquire detailed knowledge about trading and even spend a lot of time in it otherwise you will not be able to become a professional trader. We all know that our first step to becoming a professional trader is to acquire a thorough understanding or knowledge of the cryptocurrency markets. If we understand how the cryptocurrency markets work and what factors can affect the price of coins If we understand it correctly then we might be able to become a professional trader.

You have gained knowledge, but you don't have much experience in trading. so do it and you can see and assess how professional you are in trading. and of course how accurate your analysis is when you open trades on the market.

It's up to you to decide to make trading your career. but making this choice before you have enough ability is not the right choice. develop your potential and skills in trading through your experience. If you still don't feel like you have reached the point where you are satisfied with your achievements, it is better not to teach anything to beginners.

Yes if you master those analysis you'll become a good cryptocurrency traders but you'll need to know more and not just the analysis as the market get influence by many things like news. The market always react to the news, sometimes it's the rumours that make the market to move and when the rumours are confirmed the market might dump as some individuals start selling. You don't stop learning as a cryptocurrency trader due to new things influencing the market always.

Learning from YouTube or other different online platforms that are teaching you how to become a trader is good option as they'll help you to become a good trader faster. Also learning from a physical mentor is good as you can be free and ask all the questions that might be confusing and you can have a direct relationship with your mentor. You can become a professional traders but you'll need time to learn very well.

I believe to become a trader in cryptocurrency, it will always start with ourselves. If you want to save money, learn first by yourself. Because right now, in our world, most of the things you can already see on the internet, you can learn new skills, especially this cryptocurrency trading.
Just build your educational foundation. Understand the basics - technical and fundamental analysis.
Risk management also is a must.

Learning how to be a professional trader, is like trying to do something fun, for example lets assume that ever since you are a kid, you liked dancing, so you want to be a dancer, when you see people on the stage you see them dancing amazingly, and it does look fun, I have to admit it does look very fun when it all hits together and everyone dances every step correctly.

However, nobody tells you about the countless hours and hours of practice, not just for that one dance, because they do dance over hundred hours in practice for that routine, but that's just for that one dance, they dance thousand and thousands of hours until their feet bleed many days and they can't stand anymore, to become that good. That's just one example, but that is also how you become a professional trader too, may look good, but it bleeds until you are that good.

I would say it is not too risky to be a full time job, in fact there are a lot of people who do trading as their full time jobs, most of them do that in the stock world, or forex world but it is their full time job. The whole wall street world is filled with full time traders, that's literally their job and they control so much of the world with what they do. So it is easy to see that it's possible, it has been done and it can be done in a way that could be something that would benefit everyone as well.

I do agree that it is not all that easy to handle, but we should be considering that as a tough thing, we can2t really make it work any other way. I personally believe that the best thing to do would be just focusing on what we can do with it.

You already have the answer. Yes, mastering those will help you to become a better trader but it doesn't mean that you can always win against the market. It came from you that there's no chart or any type of analysis when the market itself worked on its own and that's why you need to be adjustable and adaptable to what is happening in the market. Don't be confused with your trades and as much as possible, my advice to you is to do trades one at a time and don't rumble it just because you think you're too good enough whether you're a starter or not.

usually trading for most people is just for a sideline because usually in the real world have a prestigious offline job also for a social status. because trading also does not take much time. if professionals usually open training open services, open signals and open copy trades. it is to increase income. if only trading must have another job besides trading.
and the 3 points you mentioned above are really important for trading.

The fact that only few have succeeded in trading while a lot have end up quitting, then trading is really hard and risky to take. But then again, majority still have the high desires to trade because of the huge profits that only trading can give. While it becomes a career for few of us here, but I advise not to take it too seriously that you end up considered it as your main source of income without getting a real, stable job.

Anyone can trade and aim to be a professional trader but not anyone can succeed on it, which means it’s not only technical and fundamental analysis that matters, there’s a lot more than that so you can say to yourself that you’re a good and reliable trader.