How to become a trader? - page 30. | Bitcointalksearch.org

bezygly

member

Activity: 266

Merit: 10

Quote from: ArkiCrypto on April 20, 2018, 09:54:34 AM

To become a trader is easy, but to become a good trader is not. Before you study trading make sure to study first the risk you're going to face, this is a serious stuff just invest what you can afford to lose.

Well to in technical, To become a trader is easy you just need to have:
1. Account (In trading platform)
2. Capital

But if you want to become a good trader you need to learn so much, like what you've said, candlesticks, strategies, etc. You can watch youtubes, do a research online, read blogs, articles, etc. but for me all of the candlesticks and strategies didn't work 100% percent since it's the community itself who's going to decide the price of the coin. I suggest to learn through a real experience a real trading but my tip is just use a small amount just to experience trading and to avoid high risk.

There are also some sites who offers free trading, a simulator trading where in you can do trading with a coins that has no value. Just to experience a real trading.

There you will not feel emotion, because you do not trade real money. The head will start working when you make mistakes that cost you money, but with every mistake you make, you will become more experienced and cleverer.

Vanester2014

member

Activity: 236

Merit: 10

Borderless for People, Frictionless for Banks

To become a trader you can buy tokens in some exhanger like binance, poloniex, cryptopia, bittrex, coinexchange, hitbtc, yobit and many more exchanger. Buy low and sell high and always do a good research before start trading.

bezygly

member

Activity: 266

Merit: 10

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.

Study technical analysis, trading psychology, Elliott waves. But read only when you start with a problem, otherwise you just bury your head. Once you get the basic knowledge, start trading slowly, with small amounts and keep a diary. Here the most important thing is the analysis of your luck and mistakes and constant practice.

ArkiCrypto

member

Activity: 238

Merit: 33

To become a trader is easy, but to become a good trader is not. Before you study trading make sure to study first the risk you're going to face, this is a serious stuff just invest what you can afford to lose.

Well to in technical, To become a trader is easy you just need to have:
1. Account (In trading platform)
2. Capital

But if you want to become a good trader you need to learn so much, like what you've said, candlesticks, strategies, etc. You can watch youtubes, do a research online, read blogs, articles, etc. but for me all of the candlesticks and strategies didn't work 100% percent since it's the community itself who's going to decide the price of the coin. I suggest to learn through a real experience a real trading but my tip is just use a small amount just to experience trading and to avoid high risk.

There are also some sites who offers free trading, a simulator trading where in you can do trading with a coins that has no value. Just to experience a real trading.

SyrulRamadhan

member

Activity: 448

Merit: 10

Yes, it is true. studying candlelight analysis is very important and also controlling emotions is the main key in trading, panic selling is bad. a lot of reading news about the coins is also important I think because it will also affect the rise and fall in prices Grin

Jackblack90909

sr. member

Activity: 552

Merit: 250

Firstly you have to spend good time learning more about the basics of crypto trading, at least, and this forum can help you a lot to get such needed knowledge. Starting to trade without this knowledge is the worst mistake, because you re risking your coins obviously. Then start your first trades with small amounts to get some experience.

Elai101

jr. member

Activity: 154

Merit: 1

Quote from: cryptoblue77 on April 20, 2018, 08:51:19 AM

First of all, learn basics of candlesticks, which is a very important part of technical analysis. There are a lot of candlesticks tutorials in youtube, you can watch those. It would help you greatly.

Well, basically to become a trader then you should all start in planning by exploring about trading strategy on reading articles on the internet and starting the first way by buying coins in order to start trading, but don't expect a good results since every start is prone to fail or unprofitable but don't worry experience sometimes leave a lesson that we can use for the next try to success.

btccoffee

sr. member

Activity: 516

Merit: 250

kingcasino.io

To become a trader you have to a good study first about trading search on google and watch more video about trading. And if you already watc this and do research you can now start trading, buy low and sell high that was the most basic lesson in trading and in that way you already become a trader. Good luck and welcome to crypto world.

BitHodler

legendary

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Quote from: cryptoblue77 on April 20, 2018, 08:51:19 AM

First of all, learn basics of candlesticks, which is a very important part of technical analysis. There are a lot of candlesticks tutorials in youtube, you can watch those. It would help you greatly.

What's the point of leaning the basics of candle sticks if people aren't even aware of what the coins are they are investing in or trading with? Also, understanding and accepting the hostile nature of this market is a must.

Let people first get the basics of crypto right, and then decide whether or not it's still worthwhile to start investing or trading. If the understanding of crypto and everything around it isn't there, then trading is like gambling.

People can focus as much on technical analysis as they want, but this market has its phases where this analysis becomes worthless. Even for experienced traders this market involves a higher level of luck.

Shanmatthew

member

Activity: 243

Merit: 10

If you're friend is already said the basic need in trading then explore it first.try to learn more strategy before you enter in trading.you always need the guidance of you're friend much more better than asking here.maybe a little bit help here in trading sites discussion.

cryptoblue77

member

Activity: 472

Merit: 10

First of all, learn basics of candlesticks, which is a very important part of technical analysis. There are a lot of candlesticks tutorials in youtube, you can watch those. It would help you greatly.

ymirymir

full member

Activity: 462

Merit: 100

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.

As you begin with trading, there are still things that you should learn. You must be eager to adopt changes and gain knowledge about it. Better try to have more patience as you do trading because there might some risks that you have to take. It may take a lot of your time and effort but you should have the eagerness to learn more and wait for the perfect timing.

thunderbitz2717

sr. member

Activity: 594

Merit: 250

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.

There are several ways to become a trader, we have google search, you tube about the actual trading tutorial here is one of the link I can give to you pal https://bitcointalksearch.org/topic/ang-sekreto-sa-trading-1669392 good luck then.

Tomik21

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Activity: 2184

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This is not the first such thread on the forum. Almost all of them do not contain any useful information for beginners. You cannot become a successful trader at all, you need a narrow specialization. First you need to decide. what you want or what you can trade. It depends on capital, free time, knowledge and many other things.

Rose119

full member

Activity: 502

Merit: 100

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.

Of what you say I see that your friends doing well in the trading field, it's true you need to remove your emotions, because if you doing trading and you have that emotion is the big enemy of a trader.

Bardman

hero member

Activity: 952

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Quote from: JimmieA on April 20, 2018, 07:53:44 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.

if i'm not wrong ,The same topics seems to have appeared many times and I regret to repeat that " to become a trader is not difficult but you can make money from that job is not simple". As your friends say, the feeling when you make a investment is the most important thing, sometimes it affects your trading results. Sure that when you spend amount of money to invest in any crypto, anxiety is unavoidable, but the important thing for you to succeed is not to be influenced by emotion and your mind is what will lead you on the right path.

The best way to get rid of emotion when you start is using a small amount of money that you truly do not need. If you have 10k invested in crypto, start trading with 1k, set your stop losses to a maximum of 2-3% loss. You will lose money at first, it always happens, that's why you need a very small amount and whatever you do, always set a stop loss no matter what.

JimmieA

sr. member

Activity: 396

Merit: 250

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.

if i'm not wrong ,The same topics seems to have appeared many times and I regret to repeat that " to become a trader is not difficult but you can make money from that job is not simple". As your friends say, the feeling when you make a investment is the most important thing, sometimes it affects your trading results. Sure that when you spend amount of money to invest in any crypto, anxiety is unavoidable, but the important thing for you to succeed is not to be influenced by emotion and your mind is what will lead you on the right path.

billbear

member

Activity: 294

Merit: 10

I would start from a little amounts to see, how things work on a market and thy to go into details of process. Then maybe grow the traded funds and grow again.

haroldtee

sr. member

Activity: 644

Merit: 299

It is good your friends actually told you to rule out every form of emotion which is very important. The thing is that, this is a very complex and volatile market, and even if you have some knowledge of how to use indicators or how to trade candles, you also have to know what to do when things are not going right.

Knowledge is key if you want to trade, and once you are dedicated to learning and you can grab fast, you will be able to start making good decisions in any market. Also, do not just learn how to trade candles, you should learn all that is necessary, most especially the use of indicators and how to do some chart analysis, so that you can always have an added advantage most of the time. Here are some websites that can help you to learn.

https://tradingstrategyguides.com/blog/
https://www.investorsunderground.com/stock-charts/

Once you learn, start practicing with little funds, until you gain some confidence and then you can decide to go in big, but ensure you give yourself enough time to learn, no matter how long it takes you to be perfect. If you end up rushing, you will find out you will end up taking those months you could have used to be perfect to lose so much till you get frustrated.

ylnar123

member

Activity: 350

Merit: 10

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 agree with the thought your friend teach you. Emotions is the first aspect you should consider when you want to become a trader because the prices of cyptocurrency varies every minute which erritates the trader. Another is to studey the basics of trading which is to buy low and sell high.remembering all of those your friend taught you makes you become a good trader someday.

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