In addition, you must have a correct mindset. Trading in financial markets is not a way to get rich quick. For a successful transaction, Trader must have a tight, specific trading plan, and especially strict adherence to the trading plan. Be patient as the success of a trader will come for a long time.
Topic: How to become a trader? - page 3. (Read 2384 times)
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.
Learn how to become a trader
Step one: research the markets
Step two: build a trading strategy
Step three: gain trading experience
To become a good trader, you need to put something's in place. You need to get the knowledge and understanding of how the market works. Secondly, you need to device a strategy that works for you when you eventually start trading. You need to be disciplined and you need to remove emotions as well when trading. These are some helpful tips
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.
Being a trader is a dream job. If we want to be a trader, we must pay attention to several important things, one of which is that we must have capital because without capital we cannot become a Trader. The size of the capital is not a problem, but when we have much more capital, we can also have the opportunity to get more money.In addition to capital, a trader must also have the skills and knowledge, it is very important because the knowledge possessed will be used in making a decision. The smarter we make decisions, the more likely it is to take advantage. This is a consequence, but there is one more thing that will be the determinant of an experience. With the more experience that a trader has, it will determine how the results will be obtained at every moment of the selling and buying we do.
If you are newly beginning with trading you should learn something about it. There must be risky but you have to study or you have to observe the market strategy and analysis.
Right - everything starts with learning. Stay a bit on this Forum before you take a decision to trade. Read all the important threads about this business. I am sure for 100% that it will be very helpful.
You need to join Bitcoin trading platforms or join online or offline trading groups to purchase your falling-price codecs and resell them at a discount. It is important that you regularly update your prices on the exchange and choose the right time to trade.
Then the investment in risk floors will help you get double the amount of Bitcoin you pour in or get a very high return from the amount of Bitcoin.
Then the investment in risk floors will help you get double the amount of Bitcoin you pour in or get a very high return from the amount of Bitcoin.
You need to learn from knowledgeable people or at least see the video of those people who have already traded on the market for more than a year. I think this is the best way to study the trade. In the event that you are incorrect in settling on a choice then you will lose believe it or not, to exchange you should remain quiet and ready to control the feelings since it takes a tranquil personality and a decent procedure to have the capacity to make a benefit
to be a good trader, you must be able to control your emotions and be patient, because patience is the key to being able to get profit and be successful and you must have good knowledge and strategies about trading
You must first calculate the financial resources, determine the purpose of investment, long-term or short-term form. Choose for you an exchange that matches the transaction form. Study the changes in the market. Take risks, and plan for the next step, it is important that you do not spend too much money on that risk.
If you are newly beginning with trading you should learn something about it. There must be risky but you have to study or you have to observe the market strategy and analysis.
Trading is a fun but it is a great job which is a very difficult one also. You have to be a very patient man, and be ready to learn a lot about the crypto all the time.
1. TA. You can start with babypips, it's free. Read "Charting Financial Markets" after that. And then watch videos by ICT on youtube
2 Read some books about psychology
3. Study all aspect of crypto (FA, mining, ICOs, etc)
4. Use proper risk management and securities measures
5. Good luck
2 Read some books about psychology
3. Study all aspect of crypto (FA, mining, ICOs, etc)
4. Use proper risk management and securities measures
5. Good luck
Trading is a not easy saystem.i think its a final step of cryptocurrency.if you do not understand market policy you will be losser. So at first you learn something from expert trader who are traded very smartly.or you can see youtube tutorial for besic theor.
Although it is a difficult field and not so easy, but I think that every trader has taken the start as a newbie and with the passage of time they have become good trader, I think that if a person want to become a good trader the most important is that he should spend a good time in trading and to get some good experience first.
Day traders need a solid foundation of knowledge about how the markets functions. From simple details (like exchange trading hours and holidays) to complex details (like the impact of news events, margin requirements, and allowed tradable instruments), a trader needs to have a wide knowledge base.
That's a great starting knowledge.
Study the following,
Chart pattern and formation
Head and Shoulders, Cup and Handle, Double Tops and Bottoms, Triangles, Flags & Pennants, Wedges, Triple Tops & Bottoms
Chart Indicators
MACD (Moving Average Convergence Divergence), RSI (Relative Strength Index), On-Balance Volume (OBV), Moving Averages
Support and Resistance
Support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of a security drops, demand for the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to a sell-off when prices increase.
CandleStick Reading
Candlestick charts are a technical tool that pack data for multiple time frames into single price bars.
Read more about the following in https://www.investopedia.com/
Good luck!
Study the following,
Chart pattern and formation
Head and Shoulders, Cup and Handle, Double Tops and Bottoms, Triangles, Flags & Pennants, Wedges, Triple Tops & Bottoms
Chart Indicators
MACD (Moving Average Convergence Divergence), RSI (Relative Strength Index), On-Balance Volume (OBV), Moving Averages
Support and Resistance
Support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of a security drops, demand for the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to a sell-off when prices increase.
CandleStick Reading
Candlestick charts are a technical tool that pack data for multiple time frames into single price bars.
Read more about the following in https://www.investopedia.com/
Good luck!
If you are newly beginning with trading you should learn something about it. There must be risky but you have to study or you have to observe the market strategy and analysis.
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.
Not an easy task it is. For a successful trader you should have much experience on trading and related things. In this respect don't be greedy to make much profit. You should need good analysis and technic also.
Basically , you need to know some tips for trading if you want to be a successful trader
You need to remove emotions. You do not need to involve emotions when it comes to trading. You need to have a strategy in trading and you need to be disciplined and you also stick to that strategy.
You need to remove emotions. You do not need to involve emotions when it comes to trading. You need to have a strategy in trading and you need to be disciplined and you also stick to that strategy.
It might be a complicated task for you if you are not yet ready to spend MUCH time for this activity and when you are afraid to lose sometimes. Just learn more about the crypto trading from here: https://www.youtube.com/watch?v=omXPt53KIWc
To be a good trader, you need to have the guts to make it and to learn every thing you need to know at the expense of losing everything. You should be ready to stand up again, and not just quit and walk away with your tail between your legs. You need to leave your comfort zone. Prepare your heart to lose big as you pursue, and to render sleepless nights watching for your bid assets. This sleepless nights may trigger relational discord, if you are a married man or woman or at least, if you have a partner; otherwise, you will lose ‘coz trading is very time-demanding. You need to be firmly persuaded that trading is a business that requires a lot of time, effort and money to master, and not just some sort of hobby. You must be willing to take the risk, if you really want to build your wealth in this cryptospace.
You are all right to say your friends, but still do not forget to use the functions take profit and stop loss. This is also one of the main rules of a successful trader.
Jump to: