Topic: how to become a TRADER - page 7. (Read 8483 times)
A beginner also understands the risks and benefits. It's a good idea to start with some good benefits but do not expect this all the time. This is a big risk if you are not on the right side of market trends. You must know the predictions and future analysis of the market. Also a technical chart if you can read and understand better. Always select a coin with a large adoption or you will see your investment fade in a few months. If you make the right coin choices you do not need to look at the graphs, and more. You just need patience and the coin will do the rest.
Some steps to becoming a trader are:
- Understand the Candlestick and Movement Patterns
Understanding the candlestick and movement patterns is very important in trading, why? Because Candlestick can predict price movement of bitcoin in some candle forward. By understanding candlestick and movement pattern, then you can predict the trend that will happen.
- Conducting Technical and Fundamental Analysis
Before trading, you should learn to analyze the bitcoin price movement technically, by understanding the indicators and trading tools that match the characteristics of bitcoin movement in the market. You should also be able to analyze the news (fundamental analysis) of both global news and news events that appear at any given time and its nature can influence the movement of bitcoin price trends.
- Understanding the Characteristics of Bitcoin Movement
Bitcoin price movements in the market have certain characteristics that are influenced by several factors either fundamental or technical news, as well as certain other things that have their own uniqueness. The more often you trade the more you understand the character of bitcoin movement, to become a natural instinct of a pro trader.
- Creating a Trading Plan
Some time before trading, you must make a good trading plan. By organizing your work steps and strategic plan, you will be able to immediately take action or step if things happen outside the scenario you have created. Usefulness of this trading plan is that we always follow the rails we have made so as not to slip and fall into the brink of destruction.
For trading, if you don’t have any prior knowledge about bitcoin, you might be seeing worst circumstances and you might fail in your goals. Why I am saying this because this platform is full with such stories where people didn’t have any prior knowledge and for the sake of earning money, they just entered blindly. This is a badass game which doesn’t look for in nonce. - Understand the Candlestick and Movement Patterns
Understanding the candlestick and movement patterns is very important in trading, why? Because Candlestick can predict price movement of bitcoin in some candle forward. By understanding candlestick and movement pattern, then you can predict the trend that will happen.
- Conducting Technical and Fundamental Analysis
Before trading, you should learn to analyze the bitcoin price movement technically, by understanding the indicators and trading tools that match the characteristics of bitcoin movement in the market. You should also be able to analyze the news (fundamental analysis) of both global news and news events that appear at any given time and its nature can influence the movement of bitcoin price trends.
- Understanding the Characteristics of Bitcoin Movement
Bitcoin price movements in the market have certain characteristics that are influenced by several factors either fundamental or technical news, as well as certain other things that have their own uniqueness. The more often you trade the more you understand the character of bitcoin movement, to become a natural instinct of a pro trader.
- Creating a Trading Plan
Some time before trading, you must make a good trading plan. By organizing your work steps and strategic plan, you will be able to immediately take action or step if things happen outside the scenario you have created. Usefulness of this trading plan is that we always follow the rails we have made so as not to slip and fall into the brink of destruction.
I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
Do you want to become a good trader? Before you achieve your goal, I am sure that you will face many challenges and earn many experiences. Gather more information that can help you to become professional and a good trader. And the number one you will experience in trading is to lose your money and if you experience that don't lose hope, just continue what you are doing and study all about trading, know how to analyze the market and the best next move in trading.
I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
Do you want to become a good trader? Before you achieve your goal, I am sure that you will face many challenges and earn many experiences. Gather more information that can help you to become professional and a good trader. And the number one you will experience in trading is to lose your money and if you experience that don't lose hope, just continue what you are doing and study all about trading, know how to analyze the market and the best next move in trading.
I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
Do you want to become a good trader? Before you achieve your goal, I am sure that you will face many challenges and earn many experiences. Gather more information that can help you to become professional and a good trader. And the number one you will experience in trading is to lose your money and if you experience that don't lose hope, just continue what you are doing and study all about trading, know how to analyze the market and the best next move in trading.
I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
Do you want to become a good trader? Before you achieve your goal, I am sure that you will face many challenges and earn many experiences. Gather more information that can help you to become professional and a good trader. And the number one you will experience in trading is to lose your money and if you experience that don't lose hope, just continue what you are doing and study all about trading, know how to analyze the market and the best next move in trading.
I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
Do you want to become a good trader? Before you achieve your goal, I am sure that you will face many challenges and earn many experiences. Gather more information that can help you to become professional and a good trader. I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
If you already earned a .001 btc it means that you did well in trading, but if you want to earn more profits you better to conduct more research and study more about the movement of the coins in the market. 
The fact that you earned .001 btc means that you still did pretty good. Because profit is still a profit no matter the amount. Imagine if you used an even bigger capital when you did your trade compared to what you actually used. You'll earn an even larger amount of profit right? Just keep on doing what you are doing. You'll keep on earning a small and steady profits from your trades. Even if you did lose a trade, don't lose confidence. Trading is a gamble. You don't always win it. That is why you need to learn from those mistakes and also increase your knowledge by reading useful articles online. This is how you become an effective trader.
All happen is start with small amount, if you earned small amount in trading then congrats because this is a good experience to you and keep it up, but don't expect that you always earned because losing money is part of trading just always remember that.
The fact that you earned .001 btc means that you still did pretty good. Because profit is still a profit no matter the amount. Imagine if you used an even bigger capital when you did your trade compared to what you actually used. You'll earn an even larger amount of profit right? Just keep on doing what you are doing. You'll keep on earning a small and steady profits from your trades. Even if you did lose a trade, don't lose confidence. Trading is a gamble. You don't always win it. That is why you need to learn from those mistakes and also increase your knowledge by reading useful articles online. This is how you become an effective trader.
First, focus on learning market and trading basics.A good understanding of the basics of trading provides the foundation that will support a trader's entire trading career. A knowledge of the basics is required before more advanced trading information can be successfully implemented,because become a professional trader is not easy, learning the basics and advanced are also stepstone. it makes also learn from other strategies to it make it gain your experience, due to the path to becoming a professional trader isn't a straightforward.
I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
There are no membership in this thing so if you buy coins then trade it into other coin you are a officially a trader but the knowledge in trading is not gonna gain immediately it takes a lot of time not if you are gifted there will alway be an exemption into everyhing. But becoming an expert in trading is like being an expert in everything it need some practice and a lot of practice because as long as you experience it you will know what to do and what not to do. You will learn into experience most of them.
Do not waste time on technical analysis. Now the price of some cryptocurrencies depends entirely on the whales ' desire. In this situation, technical analysis does not work.
I can offer to study only technical analysis. In my opinion, this is the only way that can provide a good income.
Everyone can be a trader as long as you have skills and knowledge. Internet nowadays provides information and steps on how to trade. But the most important thing for a trader is its emotional preparation. You are risking a lot of money hoping that it'll gain big profit.
To learn trading, you need
- Study technical analysis
- Learn skills: capital management, schycological management, risk management, etc
- Practice
- Take profit into real money
- Say no with FOMO
Good luck
- Study technical analysis
- Learn skills: capital management, schycological management, risk management, etc
- Practice
- Take profit into real money
- Say no with FOMO
Good luck
and don't be greedy in trading, many of people is lost of money because they are greedy
Don't be greedy is the key in trading this is very important too.
That's a very important when it comes to trade our money and also the fear, when the fear comes we need to handle it because if didn't control our emotion there is a possibility that we can do the wrong thing, so learn how to handle our emotion is very important when it comes on trafing.
In order to be pro trader you have to be able to quickly analyse lots of information and make well-informed decisions under high levels of pressure.
Well to became a trader, people should have a good knowedge about on all cryptocurrency that have a good future and off course to became a trader people should learn how to have a long patience and off course people should have a capital.
In order to be pro trader you have to be able to quickly analyse lots of information and make well-informed decisions under high levels of pressure.
Well to became a trader, people should have a good knowedge about on all cryptocurrency that have a good future and off course to became a trader people should learn how to have a long patience and off course people should have a capital. 
In order to be pro trader you have to be able to quickly analyse lots of information and make well-informed decisions under high levels of pressure.
Knowledge will always be the recipe in here. If you do not want to learn, then how are you expecting to make profits in here? there is no way to understand the sense of that people.
Indeed, knowledge is the most import thing you could gain before you do trading, through knowledge you will be able to know what's the best thing you should do when trading. Jump to: