How to become a trader? - page 31. | Bitcointalksearch.org

Bardman

hero member

Activity: 952

Merit: 516

Quote from: BitcoinHodler on April 20, 2018, 06:56:22 AM

Quote from: Bardman on April 20, 2018, 05:45:36 AM

Quote from: mk4 on April 20, 2018, 04:57:44 AM

How to be a trader:
1. Buy some btc, via sites like Coinbase[1], Gemini[2], etc depending on your country
2. Send over the BTC to exchanges like Binance[3] and Bitfinex[4]
3. Pick your trading pair(BTC/ETH, BTC/SC, BTC/COSS, etc etc)
4. Trade

Now the actual hard part is how to be a good trader. How do you learn the basics? Read. Hit up Google. There are lots of good free information out there.

[1] https://coinbase.com/
[2] https://gemini.com/
[3] https://binance.com/
[4] https://bitfinex.com/

No. That's not what he needs. OP you need to learn technical analysis. https://www.investopedia.com/terms/t/technicalanalysis.asp

learning technical analysis is good and it will be useful down the line and in case he wanted to trade other things such as stocks too. but it won't work in cryptocurrencies most of all in altcoins because of the manipulations.
so it is best not to put so much effort into it!

Then it is best not to trade at all. I have been using TA for cryptos and it works, not an easy task but it definitely works. Every market is manipulated, saying cryptos are too is not saying much plus people really like to exaggerate on that.

Dart18

sr. member

Activity: 1400

Merit: 259

Thanks for that.
Correct, the hard part is how to be a good trader. Actually make it a better trader.
Your emotions should not be included with every decision that you will make.
You always need to be wise and think like a businessman. A little profit shoulf do good. Learn how to escape just right before a bear comes.
Hard to predict the market so better take the safe road.

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

Quote from: Bardman on April 20, 2018, 05:45:36 AM

Quote from: mk4 on April 20, 2018, 04:57:44 AM

How to be a trader:
1. Buy some btc, via sites like Coinbase[1], Gemini[2], etc depending on your country
2. Send over the BTC to exchanges like Binance[3] and Bitfinex[4]
3. Pick your trading pair(BTC/ETH, BTC/SC, BTC/COSS, etc etc)
4. Trade

Now the actual hard part is how to be a good trader. How do you learn the basics? Read. Hit up Google. There are lots of good free information out there.

[1] https://coinbase.com/
[2] https://gemini.com/
[3] https://binance.com/
[4] https://bitfinex.com/

No. That's not what he needs. OP you need to learn technical analysis. https://www.investopedia.com/terms/t/technicalanalysis.asp

learning technical analysis is good and it will be useful down the line and in case he wanted to trade other things such as stocks too. but it won't work in cryptocurrencies most of all in altcoins because of the manipulations.
so it is best not to put so much effort into it!

supermine

hero member

Activity: 826

Merit: 518

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 different kinds of trading methods available in crypto currency for example you can buy bitcoin and trade it for an altcoin in an exchange or you can buy bitcoin and sell it for fiat and so on.Simply a trader means knows how to buy and sell the crypto currencies on exchange but the important thing is you need to know that how to make profits from trading crypto currency.

andrew1carlssin

jr. member

Activity: 168

Merit: 3

#Please, read:Daniel Ellsberg,-The Doomsday *wk

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 don't think it is possible to remove emotion from your trading system ... maybe a better way is to understand the psychology of the market and why not your own mind state while trading ...

the way I do ...is the following ..
Try to understand the major technical analysis technics, technical analysis is a poll taken and I always keep in my mind that read the charts is just my interpretation of that poll
Saying that I always also keep in my mind fundamental analysis information in order to spot the trend and I use some tools like "social network sentiment analysis"

such as ..

sentiment viz Tweet Sentiment Visualization
https://www.csc2.ncsu.edu/faculty/healey/tweet_viz/tweet_app/

it is not that precise since the measurement take on account that it is real people talking about their real sentiment and there is no tweeter botnet pushers ;-)

Sony.UK

full member

Activity: 532

Merit: 103

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 you want to start trading know it is little risk because current scenario. Because we don't predict the exact possibilities so better you should invest in long term. But if you need to try this platform you should choose carefully because you must read the white paper and chart of the coin. Then only we should find the best coin in trading.

Bardman

hero member

Activity: 952

Merit: 516

Quote from: mk4 on April 20, 2018, 04:57:44 AM

How to be a trader:
1. Buy some btc, via sites like Coinbase[1], Gemini[2], etc depending on your country
2. Send over the BTC to exchanges like Binance[3] and Bitfinex[4]
3. Pick your trading pair(BTC/ETH, BTC/SC, BTC/COSS, etc etc)
4. Trade

Now the actual hard part is how to be a good trader. How do you learn the basics? Read. Hit up Google. There are lots of good free information out there.

[1] https://coinbase.com/
[2] https://gemini.com/
[3] https://binance.com/
[4] https://bitfinex.com/

No. That's not what he needs. OP you need to learn technical analysis. https://www.investopedia.com/terms/t/technicalanalysis.asp

Yes, you do need to remove your emotions as much as possible and make trades based only on your own strategy. There are plenty of good youtube channels about it. I personally follow this one the most: https://www.youtube.com/channel/UCnqZ2hx679DqRi6khRUNw2g Very insightful technical analysis.

nara1892

hero member

Activity: 1666

Merit: 701

You have to buy btc first, then send to exchange that you'll trading. Next, you learn way of chart analysis, read a news more and discuss in this forum in order to get the information entirely.

Dwarf42

full member

Activity: 308

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.

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.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

How to be a trader:
1. Buy some btc, via sites like Coinbase[1], Gemini[2], etc depending on your country
2. Send over the BTC to exchanges like Binance[3] and Bitfinex[4]
3. Pick your trading pair(BTC/ETH, BTC/SC, BTC/COSS, etc etc)
4. Trade

Now the actual hard part is how to be a good trader. How do you learn the basics? Read. Hit up Google. There are lots of good free information out there.

[1] https://coinbase.com/
[2] https://gemini.com/
[3] https://binance.com/
[4] https://bitfinex.com/

Aprilperez1

newbie

Activity: 52

Merit: 0

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.

Topic: How to become a trader? - page 31. (Read 2381 times)