Topic: how to become a TRADER - page 8. (Read 8483 times)

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.

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.

If you want to be a successfull you should need patience. This is the basic things for trading. Actually this is the right time to buy. Because Bitcoin price are very low. Before investing money you should do research on that money. I think this is the right place to learn and improve yourslef. Just go to Trading discussion session read other post and gain knowlege. Instead of keeping all the money in sigle coin, better split into other altcoins.

I agree in your point of view. Having enough courage in trading is somehow anticipating the probabilty of lossing if failed trading encountered. To be more courage in doing trading will bring a good chance to become a succeesful trader in the future. Because cryptocurrecies volatile behavior might be experienced in the more trying of trading but this will serve as the great way to become 100% succeesful in the long run of doing trading.

Let's just use the usual mobile internet and this is not enough to work on the stock exchange. That's only for all the resources vowel. There are such models that are just technical discoveries. Maybe it's because of the Internet or because of low-power technology. But I think that as for a beginner trader, I have all the chances and chances for good prospects.

Sure, trading is not for everyone. You have to be very persistent, hard working person that is not afraid to lose his money sometimes. You need to have enough time and a very good speed of the Internet.

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.

Volatility is the greatest enemy of the trader on the crypto. To be a thriving trade takes courage, the courage to analyzing, the courage to defeat your emotional, courage to face the all the obstacle, the courage to try and errors and learn on it, courage to keep on going until you will succeed. This is not going to be easy. So, I courage you to do all the best and Don’t forget rest for a while.   

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

If you need to become a fruitful trader, you ought to be great on technical analysis is the most vital piece of the exchanging. This the one guide you do it the exchanging great. The most effortless approach to figure out how to exchange would be by perusing a few articles and viewing the methodology on trading on the YouTube. Practice to attempt with a little measure of the exchanging and take in more about it.

That's great, continue gathering knowledge and experience in your trade. If every you lose a trade don't stop rather learn from that mistake, and always remember be a little less greedy from the others and invest only what you can afford to lose. invest wisely

There is no particular process on How to trade, it comes with an experience. The knowledge comes when you trade is more compared to just learn by someone say. I had started my trading few months back with less than 500 USD, and i lost the amount i kept in, tried to do it better. I kept my own strategies in selling the coins. I Hold some altcoins, I purchase some coins, and i earn few coins in Bounties, If i am purchasing i will buy at a low price and wait for a right time to sell it. I follow the project, previous charts of coin price before i invest in that coin. If you want to make huge profits, you need to take risk you might get profit you might lose as we cannot predict the market and the prices.

To be a trader is not about finding a strategy, executing it and gaining profit. It's about developing certain traits, which in turn allow to implement an affective strategy. To become a trader you need to build a plan and have a discipline to follow it. A successful trader is determined by patience, being informed, and adaptability.

I agree! Successful traders are developed through hard work, commitment, and focus. It is important to develop knowledge and skills because these will serve as a weapon to face the volatile nature of bitcoin and its risks with patience, courage, and the creativity to decide. You need to be a wise and strategic player. Once you gain knowledge and expertise then it can be of great help towards success. But you also need to welcome failures as part of the journey, and make them as your advantages for better future and can make you even a stronger person.

Not everyone can do it. Even though I am a trader for many years now, I still can not earn much by trading. Mostly I usually buy high and sell low. That's why I failure

Effective advice. You are reading that is great. But, at first read books, tutorials and watch youtube videos regarding the crypto world and currency market. Then step to technical analysis as well as chart analysis. Always keep in mind how much you may lose from a trade instead of how much you can gain. Avoid emotion and be fully rational. Thus you will be a good trader.

Do not forget about getting the information about the cryptocurrencies first. Choose altcoins which are great as you understand, and then invest in them. Do not deal with day trading without the skills.

Always start small. You should know the risk involved in trading and you are prepared to lose it when things get worse. Don't be emotional and take things professionally and turn your mistakes as your new weapon to become the new you.

Knowledge is the most necessary thing to be successful in the world of trading, do not forget that the experience is also the most useful science. At the beginning we will certainly learn everything, although with failure then I think it is a lesson. The more lessons we get, the more experience we get. Well that's the thing that will help us to the success, the better the experience it will train us to be able to analyze and make decisions well. Make sure that we can determine what we get, two things that are different is success or failure is an option because we can determine what the future we want to achieve.

You have to have a lot of money