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Topic: How to be A Good Trader? [new] - page 17. (Read 3259 times)

sr. member
Activity: 994
Merit: 252
December 25, 2018, 02:31:23 PM
I recommend a few rules for the newbies: 1. study the law of supply and demand, 2. read some articles about when to buy and sell. 3. before buying  a certain coin, make sure that you know about their whipaper, developers and roadmap. 4. follow successful traders on crypto market. 5. read a lot on this forum
  I am agree with all those laws you have mentioned but law number 3 is really good that if we will follow it then no body will be able to scam you. In trading most of time people use to scam us which will eat your money without any income. So for good trading try to learn well about trading... buy low and go for long term trading.. keep your emotions away from you and never panic.
hero member
Activity: 1022
Merit: 500
December 25, 2018, 01:26:30 PM
I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.

Make read here most often in trading discussion, then once you do this you are sowing knowledge about in doing trade.
You don't need to rush yourself to make things more easily, instead, think about the most mistaken things happened for the old traders
who made a lot of mistakes in making trading in the market. Here try to read this pal https://www.cryptocointrade.com/education/avoid-cryptocurrency-trading-mistakes/
member
Activity: 1204
Merit: 38
December 25, 2018, 11:35:59 AM
Buy low sell high,this should be followed by the trader to call himself as good trader.Choose the right exchanges where you can pay low transaction fee and most trading pairs,faft trade adn withdrawal processing.
legendary
Activity: 3248
Merit: 1179
December 25, 2018, 11:12:59 AM
I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.
Trading is so risky and tough as well. I think you are so intelligent cause you have asked first to learn it ,not to be blind to trade on as a new to this platform. Its always need a lots of learning before starting trade . You can watch lots of instruction video on you tube .After getting experience watch different market and try to invest few .After getting confidence and able to analysis the market well gradually you will be a good trader. Thank you.

When price is going down don't panic, when price is going up stay focused, try to never fall into fire. That's a good trader in my opinion. I believe you need to be talented for trading, to have this characteristic skills, with them you can always have cool head and do what has to be done. Trading with emotions, is a bad thing to do, crypto is in chaos always, price constantly surprise us with it's movement, only way to make profit is to keep track of your trades, to know when you bought and to wait for profit before you sell. Practice is a key, with practice you can learn much more than with reading and watching others, it's OK for newcomers, and very young people.
full member
Activity: 1292
Merit: 101
Vave.com
December 25, 2018, 10:33:01 AM
I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.
Trading is so risky and tough as well. I think you are so intelligent cause you have asked first to learn it ,not to be blind to trade on as a new to this platform. Its always need a lots of learning before starting trade . You can watch lots of instruction video on you tube .After getting experience watch different market and try to invest few .After getting confidence and able to analysis the market well gradually you will be a good trader. Thank you.
member
Activity: 882
Merit: 17
December 25, 2018, 08:54:37 AM
#99
My candid advise. learn and learn. if you are really interested in learning how to trade. this site will help you alot.
https://www.babypips.com/

A nice and free place to learn trading. take your time and learn and i promise you. you will be successful.
Also register on any exchange that offer demo account like
https://www.binary.com/en/home.html

Learn and learn before you make your first trade.
newbie
Activity: 51
Merit: 0
December 25, 2018, 07:57:50 AM
#98
 I recommend a few rules for the newbies: 1. study the law of supply and demand, 2. read some articles about when to buy and sell. 3. before buying  a certain coin, make sure that you know about their whipaper, developers and roadmap. 4. follow successful traders on crypto market. 5. read a lot on this forum
jr. member
Activity: 86
Merit: 1
November 13, 2018, 02:28:16 AM
#97
Read this!!! 
Five must-read books for every new trader:

Stock Market Wizards by Jack D. Schwager
Trading for a Living by Dr. Alexander Elder
Technical Analysis of the Financial Markets by John Murphy
Winning on Wall Street by Martin Zweig
The Nature of Risk by Justin Mamus
hero member
Activity: 1750
Merit: 589
October 22, 2018, 05:28:17 AM
#96
I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.
First thing first you need to know what industry you are going in not just because it is on its hype or trend but you really want to engage on this kind of industry. Secondly, you need to know the fundamentals of trading and things you should consider e.g. money, time and tools. Lastly, you really need to engage on trading to know what would be the strategy you're fit in and know the market's behavior such as the rapid increase and decrease of prices.
legendary
Activity: 1302
Merit: 1037
October 22, 2018, 03:21:48 AM
#95
I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.
To become a good trader, you don't need to read many books. All you have to do is continue to train yourself with experience. The more you face various situations, the more you will learn how to make the best decisions. Science is quite important, but remember that without experience we will never experience success. Someone who has knowledge will not necessarily have experience, but someone who has experience must have knowledge.
Why moving round circles?

Knowledge is the only thing that makes an experience count, it comes first, else you're sure to never get beyond any hurdle before you. Knowledge comes by reading and observing and through practicing, you come to perfect or properly hone them. Want to believe this is not the first time you would be hearing the cliche that readers are leaders and it's as simple as that! Even as an experienced trader, if you find any material on trading, read them, because no knowledge is waste. Here is a good school to learn to trade and it's free: https://www.babypips.com

Knowledge is not the only thing, but it is the main thing you need to be able to get the best. There is always a step to achieving success and in this case when it comes to trading, gaining knowledge is always the first thing you do not want to skip as a trader, or at least rush.

Take your time to get the knowledge, and afterwards, on some of the things you have learned, make sure you practice first to gain some pretty good confidence in your strategy and from there you will keep getting better even when you get into the real space. Rushing to do something is actually always the first mistake for a whole lot of people.
sr. member
Activity: 1274
Merit: 263
October 20, 2018, 04:49:42 AM
#94
There is different ways of learning in trading some people or trader who are beginner they ask to the expert and successul trader what is their strategy or tips that possible to give to them. Other is researching information about trading and other is watching a video tutorial about trading so they can learn more.
legendary
Activity: 1176
Merit: 1024
October 20, 2018, 03:22:08 AM
#93
I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.
OP could take this as a main Advice on trading: Reading books on trading without getting a good grip on your Emotions and Money Management will fuck your account up. This is where many traders miss it. The crave for hitting it big at once without perseverance leaves them exposed to burning their accounts. You have to learn the art of patience to make it in trading.
Reading book is not even a bad thing for a start and it should actually be the first thing every trader should be doing as far as I am concerned, but I totally agree with you that if you do not get a grip on your emotion, you are really going to be screwing up your account a whole lot.

Most traders are always in a haste to make money, they read some few stuffs, they just imagine they already know it all and instead of at least getting to practice and doing great for themselves, they just simply get themselves to the risk of initial practice which will always come with some mistakes which is based on emotions. This is the reason I always say it is the best thing to practice with paper trading or demo site even after learning, to at least build on one's strategy and then gain confidence in making decisions.
member
Activity: 266
Merit: 10
October 19, 2018, 01:16:01 PM
#92
If you are going for day trading you need to have more skills and should train your mind for it otherwise it would be really a difficult thing to perform. My advise is never put your money for trading more than you like to loose. And never be panic at all. And try to learn the technical analysis well nd enter for trading when the market is in bottem and sell coins at tops.
full member
Activity: 420
Merit: 100
October 19, 2018, 12:40:38 PM
#91
to be able to become a good trader you must be able to learn how to do a good and right way. You must be able to know a good position to buy and sell coins so that you can always get a profit.
legendary
Activity: 1554
Merit: 1054
October 19, 2018, 12:35:02 PM
#90
Well i believe practice and experience makes man perfect.
Once you will have enough experience in cryptos, you will start learning new and creative things. And you will start investing wisely. Appropriate knowlegde about current market , adequate knowledge about all icos , price trends these are basic traits of good trader. Start learning and gather maximum knowledge about cryptocurrency if you want to be a pro trader.
Agree which makes traders an expert is their experience because experience teaches you a lot. if you are new to trading.
don't just learn and read but you need to practice and try. so you know the real problems you will face on the market
Well, to some extent, experience is something you get over the years and make you get better at what you are doing. However for the sake of newbies, experience is not something you just bump into all of a sudden and thinking you will just easily be able to learn on the job as that gives room for so many mistakes and if care is not taken you will flop. It is always best to gain knowledge first and then from there start building on those knowledge to be able to get a good experience and know what you are doing with your strategy which you are fine tuning over time, and this is where the whole idea of experience should be coming in.

Youtube, Is the best teacher .. try it *it is really helpful for me*
Well, YouTube may actually have huge number of resources to learn how to trade, but can easily get you confused if care is not taken. I have always preferred the idea of articles and getting to learn some things that would help you when it comes to making decisions and familiarizing yourself as well generally on some of the things you need to know to be able to do well in your thing. It depends on each individual anyway, but there is no harm putting it all together, but at least know the basics and have a strategy before even starting to practice trading.
member
Activity: 294
Merit: 10
Fast, Smart, Trustworthy
October 19, 2018, 03:48:23 AM
#89
If you are now learning about trading in the forum, then you can go here.
https://bitcointalk.org/index.php?board=4.0
Of course, Youtube also has a lot of teaching videos about trading and many aspects!
full member
Activity: 588
Merit: 106
October 19, 2018, 03:35:38 AM
#88
the first thing you do is learn about basic graphics and prices, if it's about tokens, then you have to learn about their projects before buying the tokens. after that, learn price analysis, read patterns, lines, RSI, etc. indicators related to graphics. after that, learn to find information and news about crypto, especially the coins you want to trade.
hero member
Activity: 1134
Merit: 517
October 19, 2018, 12:15:03 AM
#87
I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.
To become a good trader, you don't need to read many books. All you have to do is continue to train yourself with experience. The more you face various situations, the more you will learn how to make the best decisions. Science is quite important, but remember that without experience we will never experience success. Someone who has knowledge will not necessarily have experience, but someone who has experience must have knowledge.
Why moving round circles?

Knowledge is the only thing that makes an experience count, it comes first, else you're sure to never get beyond any hurdle before you. Knowledge comes by reading and observing and through practicing, you come to perfect or properly hone them. Want to believe this is not the first time you would be hearing the cliche that readers are leaders and it's as simple as that! Even as an experienced trader, if you find any material on trading, read them, because no knowledge is waste. Here is a good school to learn to trade and it's free: https://www.babypips.com
hero member
Activity: 3052
Merit: 606
October 18, 2018, 06:41:13 PM
#86
I personally learned without someone telling me. I learned to trade by reading several articles on the internet. and practice directly. but I have several failures in trading. and always lose. it's just that I don't give up and try again. and today I can enjoy it, the daily profit that I can count on.
Yes.Related articles about trading and relevant videos can be of great help but it will still be useless if not applied in real trading.It's normal to get lose at first but make sure to learn from your mistakes so that you will be a good trader after a series of experiences.
hero member
Activity: 1358
Merit: 513
October 18, 2018, 05:40:21 PM
#85
The best advise one can give you about trading, in my opinion is that reading books and watching videos is all relevant but sometimes you just need the real experience which unfortunately only comes with time.
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