Topic: How to be A Good Trader? [new] - page 3. (Read 3259 times)
There is no unique receipe how to become a good trader. Successful trading comes with experience and with learning on your own mistakes. You might listen to different advice and read a lot, collect information which is good but that will not make you a good trader. What you also need is patience, analitical mind good control of emotions.
If you want to be a good trader then you need to be a good intelligent and experienced person in trading then only you can be a good trader and if you want to make the profit easily you definitely need the experience only for better results in your profits.
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right, coupled with the experience that will be our best teacher. by learning the previous mistakes, of course we will get a lot of experience and immediately improve ourselves for the next trading platform
About teachers, by the way... A good trader will never refuse to teach other people trading if they ask for this help. The ability to share the experience, honesty and clear thoughts are also the features of such a person.
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right, coupled with the experience that will be our best teacher. by learning the previous mistakes, of course we will get a lot of experience and immediately improve ourselves for the next trading platform
About teachers, by the way... A good trader will never refuse to teach other people trading if they ask for this help. The ability to share the experience, honesty and clear thoughts are also the features of such a person.
No one will be able to be a good trader in a single day. It will take lots of time in order to get the full knowledge regarding the pros and cons of the Bitcoin trading market. The best way to trade Bitcoin in my experience is to have a good plan for your entry and exit points. You need to have a good strategy for your buy and sell positions and be disciplined enough to stick with your plan, this is often the most difficult part.
If you've invested lots of money in Bitcoin and it's price has dropped, the situation can appear to be pretty bleak; but being aware of a few things can avoid regrets later on:
Most altcoins tend to be tied to Bitcoin's price, so when Bitcoin crashes most altcoins will too. Some will crash further than Bitcoin percentage-wise and some won't. Look through some altcoins you believe in, and if they've crashed harder than Bitcoin, consider buying some of them with your Bitcoin. Although the fiat value of Bitcoin may be lower, you might be able to get a good deal on some altcoins. Also you have to wisely chose the best Cryptocurrency Exchange Software, so that you also lower the risk of being lose money at the time of exchanging your in-hand digital currency into any fiat currency you wished for.
Avoid buying any fiat-based items with your Bitcoin. For example reinvesting on cloud mining websites, buying items online, etc. As the fiat value of your Bitcoin is lower during a crash you you'll have less buying power, so the best bet is to either cash out if you can't risk further losses, or to 'HODL' until its value goes back up.
We should use their knowledge, as there are so many expert traders we should make discussion with them and take tips, for being good trader we need fine skills and high level of knowledge. Good traders keep their level of patience so high and keeps their emotions down so their emotions cannot make them suffer, you will have to be determined enough to become good trader.If you've invested lots of money in Bitcoin and it's price has dropped, the situation can appear to be pretty bleak; but being aware of a few things can avoid regrets later on:
Most altcoins tend to be tied to Bitcoin's price, so when Bitcoin crashes most altcoins will too. Some will crash further than Bitcoin percentage-wise and some won't. Look through some altcoins you believe in, and if they've crashed harder than Bitcoin, consider buying some of them with your Bitcoin. Although the fiat value of Bitcoin may be lower, you might be able to get a good deal on some altcoins. Also you have to wisely chose the best Cryptocurrency Exchange Software, so that you also lower the risk of being lose money at the time of exchanging your in-hand digital currency into any fiat currency you wished for.
Avoid buying any fiat-based items with your Bitcoin. For example reinvesting on cloud mining websites, buying items online, etc. As the fiat value of your Bitcoin is lower during a crash you you'll have less buying power, so the best bet is to either cash out if you can't risk further losses, or to 'HODL' until its value goes back up.
You have to really study if you want to become a good trader, study how the market fluctuates, study some strategies others use that was proven to be effective and most importantly experience it yourself because through experience you can fully understand how it is really done, you can start by trading small amounts and test a couple of strategies and once you fully understand the market, how it works and what strategy is best then you can increase your investments. Also please note that it may be a long way to go or process so just be patient and don't be discouraged right away if ever you fail because all traders I believe failed too but they used it as a motivation to even do better.
No one will be able to be a good trader in a single day. It will take lots of time in order to get the full knowledge regarding the pros and cons of the Bitcoin trading market. The best way to trade Bitcoin in my experience is to have a good plan for your entry and exit points. You need to have a good strategy for your buy and sell positions and be disciplined enough to stick with your plan, this is often the most difficult part.
If you've invested lots of money in Bitcoin and it's price has dropped, the situation can appear to be pretty bleak; but being aware of a few things can avoid regrets later on:
Most altcoins tend to be tied to Bitcoin's price, so when Bitcoin crashes most altcoins will too. Some will crash further than Bitcoin percentage-wise and some won't. Look through some altcoins you believe in, and if they've crashed harder than Bitcoin, consider buying some of them with your Bitcoin. Although the fiat value of Bitcoin may be lower, you might be able to get a good deal on some altcoins. Also you have to wisely chose the best Cryptocurrency Exchange Software, so that you also lower the risk of being lose money at the time of exchanging your in-hand digital currency into any fiat currency you wished for.
Avoid buying any fiat-based items with your Bitcoin. For example reinvesting on cloud mining websites, buying items online, etc. As the fiat value of your Bitcoin is lower during a crash you you'll have less buying power, so the best bet is to either cash out if you can't risk further losses, or to 'HODL' until its value goes back up.
We should use their knowledge, as there are so many expert traders we should make discussion with them and take tips, for being good trader we need fine skills and high level of knowledge. Good traders keep their level of patience so high and keeps their emotions down so their emotions cannot make them suffer, you will have to be determined enough to become good trader. If you've invested lots of money in Bitcoin and it's price has dropped, the situation can appear to be pretty bleak; but being aware of a few things can avoid regrets later on:
Most altcoins tend to be tied to Bitcoin's price, so when Bitcoin crashes most altcoins will too. Some will crash further than Bitcoin percentage-wise and some won't. Look through some altcoins you believe in, and if they've crashed harder than Bitcoin, consider buying some of them with your Bitcoin. Although the fiat value of Bitcoin may be lower, you might be able to get a good deal on some altcoins. Also you have to wisely chose the best Cryptocurrency Exchange Software, so that you also lower the risk of being lose money at the time of exchanging your in-hand digital currency into any fiat currency you wished for.
Avoid buying any fiat-based items with your Bitcoin. For example reinvesting on cloud mining websites, buying items online, etc. As the fiat value of your Bitcoin is lower during a crash you you'll have less buying power, so the best bet is to either cash out if you can't risk further losses, or to 'HODL' until its value goes back up.
I have seen so many successful traders blogs. Read their articles as they began to trade. Many traders write on their blogs all the literature they read for study.
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.
I think you should read some books related to financial and economic investment. It will help you gain basic knowledge of the economy and you will learn faster after a few times of practice. I have read a lot of books and it gave me a good foundation to start trying with my predictions.Your initial strategy will encounter many failures but don't be discouraged, edit it until you are profitable. that's the fastest way I have ever learned.
i'm also new in trading just learning 
and doing very well hope you also do good wish you very good luck
Yeah, a very good luck to everyone and hope you've learn something in here. and doing very well hope you also do good wish you very good luck To become a trader it is not just hard to think and absolutely not if we are interested to learn. We can make it right things in trading and not just of all mistakes. Its a learning process and never get surprise that one day we can experience losses as a part of being a trader and from that we've learn something.
Trading is a long process, those who already have working system still trying to improve their knowledge and still working for the betterment of their skills.
i'm also new in trading just learning and doing very well hope you also do good wish you very good luck
Yeah, a very good luck to everyone and hope you've learn something in here. and doing very well hope you also do good wish you very good luck To become a trader it is not just hard to think and absolutely not if we are interested to learn. We can make it right things in trading and not just of all mistakes. Its a learning process and never get surprise that one day we can experience losses as a part of being a trader and from that we've learn something.
i'm also new in trading just learning and doing very well hope you also do good wish you very good luck
Yeah, a very good luck to everyone and hope you've learn something in here. and doing very well hope you also do good wish you very good luck To become a trader it is not just hard to think and absolutely not if we are interested to learn. We can make it right things in trading and not just of all mistakes. Its a learning process and never get surprise that one day we can experience losses as a part of being a trader and from that we've learn something.
i'm also new in trading just learning and doing very well hope you also do good wish you very good luck
and doing very well hope you also do good wish you very good luck 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 you need to have knowledge of this market and put a small amount of money to practice trading. I personally advise you to choose big exchanges as it will help you in trading easier and learn from the experts so they can help you get the best experience before becoming a real trader. Firstly, you can learn from many sources, it can be articles, internet, or even tutorial on youtube. Enrich yourself with many ideas of how to trade safely, since it has risk. If you fail, that's the risk but when you do, it's your bonus. Even that so, don't hesitate to try, start with a little amount to see how it works, if you can see and learn from the situation you can take another step, a bigger one to get more profit of course.
I agree, a lot of articles, videos, tutorials and some other sources that you can choose from and you can try them to check as well what works for you. Basic rule is know what trading is, how it works, study the market - in trading you have to study all the aspects or things about trading for you to be able to provide right decisions. I would suggest you can try trading on free trading flatforms just to practice and for you to get a glimpse of how trading works. To be a good trader cannot be achieved right away, you have to go through hard times to learn and be successful, it’s okay to fail just don’t give up easily.
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 you need to have knowledge of this market and put a small amount of money to practice trading. I personally advise you to choose big exchanges as it will help you in trading easier and learn from the experts so they can help you get the best experience before becoming a real trader. 7 .- Do not pay much attention to the news, many are manipulated on purpose apra panic or feelings of great emotions.
But maximum time news affects market positively and negatively so we should give concentration on news too but before that we should analyse the news from where it has come,what is the source of news etc. 
You know it's best to read first, read a lot about the best speculators, what you should do is the following:
1.-Go to the Internet search engine so you can search for the best speculators in the Stock Market.
2.-Download books that are written by them or by authors who are or who have talked about them and their strategies.
3.- Try to learn from the strategies in all the ways that they speculated in the market, taking into account all the positions they took, learn from their failures and successes.
4.-Do not create in Influencers or technical analysis, because you will save yourself from losing a lot of money.
5.- When you create your own criteria you will be able to identify which influencers, which academies you know are a total sale of smoke.
6.- You can not be cheated ever.
7 .- Do not pay much attention to the news, many are manipulated on purpose apra panic or feelings of great emotions.
1.-Go to the Internet search engine so you can search for the best speculators in the Stock Market.
2.-Download books that are written by them or by authors who are or who have talked about them and their strategies.
3.- Try to learn from the strategies in all the ways that they speculated in the market, taking into account all the positions they took, learn from their failures and successes.
4.-Do not create in Influencers or technical analysis, because you will save yourself from losing a lot of money.
5.- When you create your own criteria you will be able to identify which influencers, which academies you know are a total sale of smoke.
6.- You can not be cheated ever.
7 .- Do not pay much attention to the news, many are manipulated on purpose apra panic or feelings of great emotions.
The key is to Have proper risk management. Common mistakes that a lot of traders are doing is to simply go "all in" like they are playing poker. Do not use more than 5-10% for each position so you will not get rekt at your first trade. Don't risk 30% to earn 5%.
If you take risk 30% to earn 5% that still can be possible to make profit but in this case you might have to wait a long time to reach your destination because once it goes below 30% if it losses it price then it may take long time to recover 30% and make profit 5%. The key is to Have proper risk management. Common mistakes that a lot of traders are doing is to simply go "all in" like they are playing poker. Do not use more than 5-10% for each position so you will not get rekt at your first trade. Don't risk 30% to earn 5%.
Nice one there definitely, having a good risk management is a good start to count out loss and also having it at the back of your mind that every business in one's life has risks. Jump to: