How to become a trader? - page 24. | Bitcointalksearch.org

wuvdoll

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Quote from: trako on April 23, 2018, 06:01:34 AM

be knowledgeable first. to analyze the markets well. follow the finance agenda. These are things that are primarily needed. then it is necessary to manage the capital well. Taking huge risks can increase profits, but I think that is not a good method. If you divide the capital, you can make more profit.

Yes, the ability to do analysis is the only thing that can easily help anyone to know how to deal with the market as a trader and understanding fundamental of the market as well pretty helps a lot. Trading itself comes with a lot of huge risks which sometimes you lose and sometimes you profit, but the good thing about being knowledgeable is that your profit is always going to be far more than any loss that you would not even feel it.

Quote from: MRY on May 02, 2018, 07:42:36 AM

to trade you should stay calm and be able to control the emotions because it takes a quiet mind and a good strategy to be able to get a profit, if you are wrong in making decisions then you will lose

Controlling our emotions is a must task everywhere so that we may stick within our plans. Trading is a highly sensitive activity where one wrong decision may go ending up all the capital into zero. To become a perfect trader, we must learn tricks to control our emotions.

MRY

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that's right, to trade you should stay calm and be able to control the emotions because it takes a quiet mind and a good strategy to be able to get a profit, if you are wrong in making decisions then you will lose

Seeker#9

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Try to find out first if you are really want to become a trader seriously and if you are determined to join the trading then be ready. Trading is always risky and there is a possiblity of losing your money so you must use only the amount you are ready to lose. To minimize your future losses, educate yourself first with adequate knowledge on trading and risk management.

wildan88

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Quote from: Aprilperez1 on April 20, 2018, 04:52:29 AM

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

I think crypto trading is quite different with forex trading, so you don't have to be smart about the candle sticks, because crypto trading depending on demand, project, rumors, and news. so I think the most important thing for trading in crypto is you know the coins, about project and roadmap. your friend is right, emotions are very important because trading that requires patience, and in the end, patience will benefit.

Getmon

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Quote from: Aprilperez1 on April 20, 2018, 04:52:29 AM

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

After you are informed to do away with emotions, you may proceed to observe and explore the trading platform of your choice. Just follow the movements of the prices and the buy and sell orders. You need to know the coins being traded as well. At the same time, you also need to get to know the coins. This is very important. Please familiarize yourself with the traded coins and their project.

mstfprcn

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firstly you can start from here, this forum is a great source for all kind of your questions, and than you can generate your strategy and start treading with small amounts. Pls be carefull, before money, you have to gain experience.

kateryana81

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Quote from: Distinctin on April 28, 2018, 11:44:04 PM

Quote from: Omega Weapon on April 28, 2018, 05:46:55 PM

Quote from: Aprilperez1 on April 20, 2018, 04:52:29 AM

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

Your friends are correct when they say to you that being overemotional is going to have a bad effect on your trading ability however that is just the beginning in your road to become a trader before you begin you need to read a lot of books not only one read several so you get several perspectives about how to trade, it is very likely that is going to take you months before you make your first trade but that is better than to lose all your money on your first week.

To be a successful trader we also need to learn how to control ourselves, our method is very important
but it's gonna be useless if we lack the ability to implement it. We should set aside that emotion and be focus on trading and consider this as your
passion with the purpose to succeed in the long run.

The method totally depends on what sort of trading rather asset one has chosen for this purpose.But there are some basic traits and principle of traders. As far as his skillset goes, a trader must bear a calm nature or he won’t be able to make timely decisions which is the key to making profits.His actions must be in accordance with the rule no.1 of trading, “buy low, sell high”.

Lizzardis

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Nothing more than $ and application of your choice if you want to be a trader in 2018. Oh, yeah, don't forget hard work, intuition, and readiness to bear first punchies)

ToyotaFortuner

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Quote from: Aprilperez1 on April 20, 2018, 04:52:29 AM

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

to be a trader in my opinion it's very easy you just need to sell and buy it with your own capital you buy bitcoin after that when the coin price you have up then you can sell it and make a withdrawal.

cruzjoel12345

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To become a trader you must first have a bitcoin to trade then make account in binance.com and learn to read chart just watch videos on youtube. Study the basic candlesticks and basic pattern.

Kentot07

newbie

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I really want to learn how to become a trader. Everyday I lose Eth or Btc because i didn't know how to trade. If someone teach me,I am very thankful to that person.

maminelly

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study the basic candle sticks it is need for the begginer....can see that the market is volatile and complex, so becoming a trader and being able to trade successfully takes a lot of time and money. You need to learn a lot of things and also have to spend a large amount of capital to be able to experience the reality and give the experience and lessons for yourself. The market is volatile and difficult to predict so you need to have a clear and concrete plan before investing....

PX-Z

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Quote from: Aprilperez1 on April 20, 2018, 04:52:29 AM

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

Trading is not an easy job, it takes a lot of risk specially in crypto trading. But here's a thread that might help you to enhance your knowledge about crypto trading, https://bitcointalksearch.org/topic/characteristic-of-trader-2842850 this thread contains the different characteristics of a trader and a lot of advices from those highly experienced crypto trader. Hope it helps you with you trading journey.

Arwinkim

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Quote from: Aprilperez1 on April 20, 2018, 04:52:29 AM

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

Your friend told you the right way. It is your emotion that you should be able to handle in the first plce. It is important so that you won't get frustrated seeing your trades make big losses because it is easier than making profit. So yeah you will need to start studying chart. Succesful trader usually has mastered chart which is part of technical analysis. It helps you to understand the price action well.

feelideb

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fLibero.financial

Trading just like any other work out there required training and dedication. Cryptocurrency trading however is such that you must find out for yourself what works for and what doesn't. Through these try and you can then establish your own method of trading.

coinplus

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Quote from: Dwarf42 on April 20, 2018, 05:06:28 AM

Quote from: Aprilperez1 on April 20, 2018, 04:52:29 AM

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

You can see that the market is volatile and complex, so becoming a trader and being able to trade successfully takes a lot of time and money. You need to learn a lot of things and also have to spend a large amount of capital to be able to experience the reality and give the experience and lessons for yourself. The market is volatile and difficult to predict so you need to have a clear and concrete plan before investing.

I am sure if he does not even have anyone to tell him that, he must have seen a glimpse of it. The thing is if his friends are trading successfully, then they should be able to guide him, otherwise, he will just end up messing up big time and eventually screwing his funds up. Candlestick are good pattern to trade, but to trade candle sticks, it is always necessary to learn very well because in real life trading, you have to be ready to expect anything.

Quote from: bristlefront on April 30, 2018, 10:58:59 PM

As long you have a capital you can enter a trading site. Being a trader is easy but the effects of loss in trading is hard but it is just an addition to your experience.

Just capital will be enough to become a trader ? You must be total wrong. If you enter trading without proper preparation i.e. knowledge and experience then you may lose all your capital within one or two trades itself.

bristlefront

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As long you have a capital you can enter a trading site. Being a trader is easy but the effects of loss in trading is hard but it is just an addition to your experience.

Dr.Osh

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Quote from: Nasty23 on April 30, 2018, 06:02:44 PM

Quote from: Aikidoka on April 30, 2018, 03:20:53 PM

Apart from getting rid of emotions, you need to learn to be patient. Patience is the key to success because without it, you surely will fail. Although the failure will cross your path, it is a part of the success. There is no success without failure. For the record, I have failed many times, but then I learned several things from failure as they were part of building many good experiences. And when you succeed, you will feel like it was worth the try.

Yes before we reach our goals their are many failures that we've been faced, that challenge us and helps us to develop our strategies, we can possibly earn this by having a patience on which we didn't give up because we know someday it would help us to generate a good strategy that can be used in getting a huge profit in trading. Don't stop if you loss a profit in trading but make this a motivation that can help you to increase your knowledge in trading.

Well, starting trading is very easy, as long as you hold a coin, or have money, it can be done anytime, and I think you also know the basics of trading. Well, the important thing you need to prepare is patience. it is also an important point in taking advantage of this.

Crislyn4116

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To become a trader you need a wide mind. You need to know the basic techniques and the basic candlesticks. The emotion is your the best enemy so remove your emotions to control your greedy. Study the standard of support and Resistance. To know where you will buy and sell.

mohitgiri1

newbie

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1st you need to study the charts to understand trading and situation (Best entry and Best exit part especially)
2nd Always trade best project , Don't do Pump and dump trade , you may earn in Pump and dump trade one and two trade , but at bad day you will get a big loss
3rd keep uptodate regarding projects you are trading (News Fud everything gives good profit)

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