There are many ways to become a successful trader. One of the most credible ways I have learned over time is to focus on a viable trading strategy instead of on the profit because in the long run, a great strategy will rake in profit. Additionally, start small. Invest a little bit of money first after you have don tons of demo trading.
The importance of having a personal trading plan cannot be over-emphasized. I firmly believe that it is the bedrock to every successful trade. Every successful trader is patient, know when to trade and when to hold-off of trading.
Topic: How to be a successful trader? (Read 448 times)
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
It's good that you're aware that you lack the necessary knowledge to trade because this is the most common mistake that a lot of newcomers make when getting into trading. I'm not an expert in trading myself, but I've had a few experiences trading without any prior knowledge and I'm not proud of it. It will definitely take time, but it's the best thing to start with before diving into trading, and then you can decide which coin to invest in. Take one step at a time But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Individuals that are new to trading are overjoyed when they hear the word "trading". We are astonished to see the top gainers in the market. We frequently disregard the red coins in the market and the reality of the difficulty of earning money through trading. There are numerous online trading lessons, and it's up to you how much time you want to spend understanding them and putting them into practice with your small starting capital. While you are still learning more charting techniques, it is essential that you comprehend the concept of starting with a small capital.
but if you want to trade bitcoin, i think it's the right decision because bitcoin volume is very good, and more secure.
We don't need to focus on Bitcoin to be a successful trader because there are many cryptocurrency out there are good to trade but we can't deny that most of them are focusing on Bitcoin. Altcoins mostly rely on Bitcoins movement that's why it's difficult to trade with them, and also very volatile have long wicks. Unlike Bitcoin, it has low volatility and didn't rely on any currency. but if you want to trade bitcoin, i think it's the right decision because bitcoin volume is very good, and more secure.
We don't need to focus on Bitcoin to be a successful trader because there are many cryptocurrency out there are good to trade but we can't deny that most of them are focusing on Bitcoin. Altcoins mostly rely on Bitcoins movement that's why it's difficult to trade with them, and also very volatile have long wicks. Unlike Bitcoin, it has low volatility and didn't rely on any currency. 
In addition to knowledge in the cryptocurrency environment, a skilled trader is distinguished by complete self-control and discipline. It is very difficult to be for yourself both a performer (subordinate) and a boss who thinks through the next steps. It would seem that it is easy to order yourself, but the brain is looking for dozens of reasons not to do something, to be afraid. And at the same time, we easily trust other people, their authority. I think a great trader lives according to a schedule, not chaotically. He is very measured and patient. No expression. I have seen only a few such people in my entire life.
I feel like if I trade bitcoins I might be able to make a profit.
Yes trading bitcoin is profitable if you have knowledge and skills all cryptocurrencies follow so if you follow bitcoin you can make good profit from it.100 % agree with you first you need to learn about the basic of cryptocurrencies and invest that much amount that you are happy to lose as a beginner.
Bonus tip
You can use demo account to learn about cryptocurrencies without losing anything.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
You don't need to Rush to get capital to start up trading. Their is a process in starting trading, what you need to do first is learning. Trading is kind of complicated for beginners who doesn't have any knowledge and experience. If you think having the capital is the first priority to start up a trading you may end up losing everything. Just have patience and learn first, having knowledge in trading you want have much challenges in trading as you start your journey. But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
In my opinion risk management is a key before opening any trade you need to accept profit as well as lose ,
Otherwise you may trade blindly and at any time you may lose all of your money .So develop different strategies using demo account and after testing implement on real account with low balance . DOnt be greedy, keep slow and steady .
Otherwise you may trade blindly and at any time you may lose all of your money .So develop different strategies using demo account and after testing implement on real account with low balance . DOnt be greedy, keep slow and steady .
Just jump onto an exchange, play around with coins - knowledge will come automatically.
Use sites like coinmarketcal for coin events. Buy week or so prior, sell day before event. Stick to prominent coins, check coingecko for data.
Use sites like coinmarketcal for coin events. Buy week or so prior, sell day before event. Stick to prominent coins, check coingecko for data.
@everyone
Thanks a lot to everyone as everyone has shared a lot of valuable views here and given me a lot of valuable advice which I feel will be useful. But one thing I found in common is that all advised me to invest in Bitcoin and all warned me that the investment carries a lot of risk so that I invest without thinking about the investment. I will keep your advice in mind.
Lol,there is nothing under this earth that does not carry risk,and if you want to be a winner,you must be a risk taker.Who ever is ready to take risk at any time,is determined to succeed.The reason why the advicers emphasize of the risk involved is because they don't want a situation whereby when you loose, you will say they didn't tell you It was like that, therefore,bare in mind that there are risks involved in investing,but that shouldn't scare you from making investmests.Give a try to it,and maybe it might just end up surprising you with a positive result. Thanks a lot to everyone as everyone has shared a lot of valuable views here and given me a lot of valuable advice which I feel will be useful. But one thing I found in common is that all advised me to invest in Bitcoin and all warned me that the investment carries a lot of risk so that I invest without thinking about the investment. I will keep your advice in mind.
Trading in cryptocurrencies requires you to acquire knowledge about trading. If you don't have any knowledge about trading then you can never trade on trading platform. But I will support Bitcoin for trading. Because trading with bitcoins you can avoid risk to a large extent and you can profit from trading. And Bitcoin is best for trading especially for beginners. However, you will gradually increase your funds on the trading platform. You should never trade with too much money in the first place. You can start trading with more money only when you gain complete knowledge about trading.
Before being in the market for trading activities, every beginner is advised to have knowledge of market movements and some indications of the direction of market movements based on hype in an effort to avoid the impact of FUD which can reduce the market. However, there are many other things that must be understood before trading because many beginners are very panicked by the corrective movement of the market and they regret that they cut their losses because the next day the market increases again. 
I can see you stated categorically that you don't have enough knowledge about trading from your explanation , then why would you want to start trading in a volatile Crypto market that you don't have good understanding of how to navigate profitably and think you would be profitable ?.
Right now to start with, your main focus should be getting the proper knowledge or good understanding of what you want to do before starting your trading journey.
Remember!, learn before you earn.
Right now to start with, your main focus should be getting the proper knowledge or good understanding of what you want to do before starting your trading journey.
Remember!, learn before you earn.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Read and study a lot. And you must realize that even the best trader has losses. If you find someone that presents himself as 100% successful is a lie. You will have some failures but those ones will make you a stronger trader. Knowledge is the best key
PD: Always put an SL and NEVER, Repeat, NEVER OVER-LEVERAGE
As a youngster I think trading requires knowledge of how to trade.
Otherwise, it can be seen that buying a coin suddenly without knowing about something can lead to losses.
However, trading in cryptocurrency requires risk.Most of the coins are currently undervalued.Those who have enough money now can pretty well buy and trade the coins that are underpriced.
At present the price of Bitcoin is going very low so buying this coin can also be an investment on top of this coin.
Otherwise, it can be seen that buying a coin suddenly without knowing about something can lead to losses.
However, trading in cryptocurrency requires risk.Most of the coins are currently undervalued.Those who have enough money now can pretty well buy and trade the coins that are underpriced.
At present the price of Bitcoin is going very low so buying this coin can also be an investment on top of this coin.
@everyone
Thanks a lot to everyone as everyone has shared a lot of valuable views here and given me a lot of valuable advice which I feel will be useful. But one thing I found in common is that all advised me to invest in Bitcoin and all warned me that the investment carries a lot of risk so that I invest without thinking about the investment. I will keep your advice in mind.
Thanks a lot to everyone as everyone has shared a lot of valuable views here and given me a lot of valuable advice which I feel will be useful. But one thing I found in common is that all advised me to invest in Bitcoin and all warned me that the investment carries a lot of risk so that I invest without thinking about the investment. I will keep your advice in mind.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Trading in cryptocurrencies requires you to acquire knowledge about trading. If you don't have any knowledge about trading then you can never trade on trading platform. But I will support Bitcoin for trading. Because trading with bitcoins you can avoid risk to a large extent and you can profit from trading. And Bitcoin is best for trading especially for beginners. However, you will gradually increase your funds on the trading platform. You should never trade with too much money in the first place. You can start trading with more money only when you gain complete knowledge about trading. But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Trading doesn't have a university were you will learn or study it perfectly, right now we don't have a professor in trading, but it's your detriment to decide that you want to understand the scopes or rudiments of trading, because you can as well acquire the knowledge of trading through YouTube, you can also learn trading through forex traders tutorial, so since it's something of you mind when you devote out time you learn and understand it perfectly.But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Trading doesn't have a university were you will learn or study it perfectly, right now we don't have a professor in trading, but it's your detriment to decide that you want to understand the scopes or rudiments of trading, because you can as well acquire the knowledge of trading through YouTube, you can also learn trading through forex traders tutorial, so since it's something of you mind when you devote out time you learn and understand it perfectly. But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
The wisest and best thing to do when you still have no knowledge and want to trade is by learning at first until you really understand about cryptocurrency and about trading crypto itself. Additionally, you must also have good knowledge about what exchange platform you want to trade, what kind of trade (future or spot), and also other considerations about money and risk management. Why should learn these all at least? Because trading is very risky, not only the profits that you must think about but also the high risks that are awaiting. Risks will never be separated from trading. Even professional traders will also face high risks and the possibility of being lost in trading, moreover newbies without enough knowledge. Although you need a trial and error, if this is not based on your knowledge, it will fail and take higher risks again.
Jump to: