Topic: How to be A Good Trader? [new] - page 6. (Read 3197 times)

There's this telegram chat group that is meant specifically for trading intending traders, so you can enrol and get some basic knowledge about trading..
Again, you should shun greed for profitable trading experience.
Don't just jump into a trade because you see others doing so.
Have patience also.

True, to be a smart trader we must always believe in our own plans combined with patience. Patience will be tested when we see a bad price movement. I think most people will afraid to keep holding their coins when the down trend occur. Panic mostly that will trigger our mind to change our plans, which is a bad behaviour I guess.

If you want to be a good trader then I will suggest you to don't trust on any pump and dump groups just try to use your own idea on trading and don't lose your hope in every situations. Then you will be a successful trader.

Yes being a good trader takes time so if you are in a hurry of becoming a good trader you will not be a real trader because it takes time to gain those experience. Another tip is to try to invest a small amount of money and try it to exchange or trade to others so you can also gain knowledge in your own. I try those kinds of tips and I gain some knowledge of it by self knowledge and the Darb is the one who also taught me on how was trading is important and how to do it very well.

The first step on how to a good trader or a professional trader is to know how the market flows and how the crypto world occurs. After that ask for some assistance or help in this forum and learn from their experience on trading for a long time ago. Its better to ask those who are senior here or have a high rank because they know how to trade well and they have the more experience on trading for sure. That is one of the most relevant step so that you can became a good trader.

Trading is not much easy to do. If you want to become an expert crypto trader then you need to acquire so many knowledge. For this you can use this forum, Youtube, Google and others site. Also you can read some books.

Online article or books any of them could be a good referrence for you to learn more about trading. Watch trading tutorials on youtube and try to apply it on your own trade, also you should determine which type of trading strategy could fit depending on how much time you could spend on trading.

..a good trader must be skilled and knowledgeable in the rules and regualtions of trading..all of the comments above are very useful,,but it is up to you what will be the good strategies that you prefer..having enough capital and a wise decision is the key factor to start trading..though you'll need some relevant information on how it will done,,but still it will end up on your own decision,,just make sure that you ready uoyrself on the possible effect that might happen, wether it i a positive or negative effect..

the most important thing is you know the strengths and skills that you have, it will make you adjust to the risks you will take,
not using a large amount to trade when you have low skills, the most important is adjusting the risk with your skills.

Determine which type of trader you would like to become.

Recognize the skills you need.

Learn about the world of trading.

Get a good strategy.

Train your brain to success and get emotional intelligence.

We can't seem to deny that most investments in general can provide tantalizing results, and not a few who get wealth piggy banks because of the benefits of the investment they make. Unfortunately, until this moment there are still people who are unfamiliar with the investment world, even though they are eager to have it, but they don't dare to start because they are afraid of the risks that will come to them in the future.


The body system cannot distinguish good or bad commands, but the body system will suit whatever is ordered by the mind, therefore "you have to understand who you are?", Can you understand the market situation and know how cryptocurrency works. Once you understand everything maybe you can easily set maximum risk limits.

If you don't know where the price will move you should not force yourself to open a position, if you are not sure what you will do, then you should not do it. This rule might look simple, but failure to comply with this rule has brought a big problem to many traders.

As a good trader, it's required to be able to reduce/resist excessive emotions, because excessive emotions, usually can cause massive losses, such as greedy, panic or fear.

Those are some of the things I can mention at this time. The point's, try to think positively, honestly, consciously and patiently. With that kind of thinking, hopefully it can lead you to success in the future.

Those who want to learn trading and to become a good trader can learn through various ways, it does not take so long to become a good trader you only will have to keep patience, gain trading skills, for this there are so many websites you can take help from, explore internet and take help from YouTube as well, trading can be good from exploring and learning.

I like your stile & your way of thinking! 😎
I'm  really impressed by your level of humility in coming here to seek for help on how to be a good trader.
is really sad to hear some experience of some traders who lost thousands of dollars buying into less solid crypto coins at the wrong time in the confinement of their home, instead of Seeking for advice from mentors and long-term traders in the game all in the name of become "a self taught trader".
So instead of making of such mistakes,
First things first:  i'll advise you take the advise of top traders in here, and pick out 2 or 3 of them to become your mentor that will help you in your journey of become a successful trader.
Also if you're a total newbie, it would be smart of you to research on fully regulated trading platforms like the upcoming Bitrus exchange that has simple & easy to understand interface for newbie traders, standard traders & expert traders.
Cheers 👍

Never sell for llosses that is only things needed to call you as good trader but it may take long time as well if the prices are bearish so you need to have some strategies for making profits then you will be called as smart trader.

The first thing to do is to learn the basics and tou can do that through YouTube videos and online tutorial.  You can also download pdf files to equip yourself before you dive in

Learn the basic first, theres an application that allows you to practice trading. They have various charts and signs that you can use to point out either bearish or bullish trends.But me I'm more on long term investment so I don't trade often.

Even though you make a good profit we should not consider it as good traders, without our assumption some time the market is going down. So sometimes we need to have enough technical knowledge to become a good trader.

WoW. Some useful informations right here. I'm learning trading too. So I decided to begin with the basics. I'm now demo trading in forex.

There are many ways to become a good trader. But being a good trader is not so easy. But I think it is better to learn to trade than learning from online articles and books. That means learning through work is a lot better. It will be of great help if you learn to study through reading books and actually learn through work. And I would say you can learn to trade with the help of an experienced trader. Because an experienced trader can give you right and real knowledge. You start investing just a little bit. Then you will learn to trade very fast.

Thank you

I think you will be a good trader, because your leaning attitude showing that in future you will be a good trade. I think you should start to trade in first time you will be see what is need you should do it. But one thing i will tell you, be patience and try to buy coins in a low price.