HOW TO BECOME SUCCESSFUL AT CRYPTO TRADING - page 3.

Oilacris

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Quote from: emmaglory5 on June 22, 2020, 02:50:12 PM

The cryptocurrency market is among the most active markets that still has great promise. In the last couple of years, cryptocurrencies have experienced massive, volatile price swings, which have caused some crypto traders to thrive, and others go through huge losses.

Huh

Dont let yourself caught in FOMO.

Dont be greedy.

Dont listen on others suggestion.

Always set limitation or profit goal.

and the last..

Keep Learning.....

BitcoinTurk

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Quote from: emmaglory5 on June 22, 2020, 02:50:12 PM

The cryptocurrency market is among the most active markets that still has great promise. In the last couple of years, cryptocurrencies have experienced massive, volatile price swings, which have caused some crypto traders to thrive, and others go through huge losses.

Huh

As I mentioned earlier in such similar content, you must first research and then gain experience to become a successful trader. By researching, you can have information and ideas about the subject you are talking about, and you can turn your knowledge and ideas into experience by making trials. If you really want to be successful and achieve a highly successful result, there is only one thing you need to do is to research and turn your research into experience as I mentioned. I want to leave a note like this, if you try to trade with other people's advice or actions, and then you are very likely to fail.

carlfebz2

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Quote from: emmaglory5 on June 22, 2020, 02:50:12 PM

The cryptocurrency market is among the most active markets that still has great promise. In the last couple of years, cryptocurrencies have experienced massive, volatile price swings, which have caused some crypto traders to thrive, and others go through huge losses.

Huh

Crypto market is no different with stocks and forex ones when it comes to unpredictability aspect towards price movement.The difference is that volatility level is way more higher into this place compared to
traditional markets that we've known.

Losses are inevitable thing no matter what market you are involved into since this do composed of sellers and buyers then you can really expect that there are ones who do make profits and ones who do have
huge losses just like that.

Become successful would really takes a long period of time and wont really able to achieve on point.

beerlover

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You have to first study the world of trading and learn what people have learned, all the technical analysis, all the indicators all the resistance and support and what they mean and so forth. There is tons of things to study, if you study them it will not be enough but you are covering about 70% of all the trades, that is the most important part.

After that you need to follow the news religiously, every single thing about all the top 50 coins needs to be on your radar, anything major changes and suddenly you are out of the loop and will lose money. That is why always keep your nose in the news. Lastly but most importantly you have to practice, either with fake money or real money or however you want but without practice you can't really get better and better so you need to practice and learn from your mistakes.

rexxarofmoknathal

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Quote from: spike420211 on June 22, 2020, 04:33:46 PM

What exactly is your question?

Indeed, in fact, you have already answered it. Some cryptocurrencies are at the top of the pyramid, the rest are at its foot or in the pit of oblivion.
Those who made the right bets are now celebrating a victory, the rest are indignant about injustice.

I agree with you, there doesn't seem to be a question. In fact this seems like a statement intended to have others state what they think makes a successful trader.

Which some on here have already spread their wisdom such as FOMO, and most important of all do the right research as technical analysis and charts reading isn't all but you gotta watch the news, market sways, predict investors thinking as well as keep an open eye to the emerging projects. These factors and others determine whether you make a profit or a loss! And that's what trading is!

taufik123

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Quote from: sheenshane on June 23, 2020, 08:15:27 AM

You should, ..

..not be greedy
..invest what you can afford
..do your own research
..stick to bitcoin as your top of priority
..avoid FOMO
..don't rely others idea specially signal group

Not greedy
Being fundamental about mental control so as not to always want to get greater profits every time trading. When you are greedy, there is no fixed target to be achieved.

Do your own research.
Technical analysis and fundamental need to do their own analysis aimed at knowing price predictions that will occur later. Need to keep trying.

Avoid FOMO
Sometimes it's hard to avoid some FOMO coins. because of greed that can't be controlled yet. FOMO can multiply profits quickly but can cause losses quickly too if it is not in and out in a timely manner.

Don't Rely on Specially Signal Groups
I also agree with you not to rely on groups that present bitcoin and altcoin signals. Because groups like this have a hidden purpose to benefit the group's own owners. Make a purchase first at a cheaper price later ask someone else to buy the same coin at a higher price than the purchase.

sheenshane

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Quote from: ?? on ??

In this game there are losers and winners.

Absolutely and those losers will through back their bad experience for some traders will think negatively.

I heard this already that in crypto trading there's what they called, prey and predator, not all the time you will become the predator and earn a massive amount of profit. Which is you're lucky enough if you will make a profit consistently.

However, there are various things to consider before you will become successful in trading. Let's start to your self and then the tools that might you will be used to become successful.

You should, ..

..not be greedy
..invest what you can afford
..do your own research
..stick to bitcoin as your top of priority
..avoid FOMO
..don't rely others idea specially signal group

AniviaBtc

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Quote from: mk4 on June 22, 2020, 08:53:14 PM

That's what actually attracts cryptocurrency trading to a lot of people: the huge volatility. Huge price swings, means a lot of opportunities to make(and lose) money. Pretty much higher risks with higher potential rewards.

It's volatility really makes it more thrilling when it comes to cryptocurrency. You don't know when will the cryptocurrency value will increase that's why you need to study the market and learn trading signals that will help you to achieve proper timing. Trading really gives you huge profit depending on your management and control, strategies are important, as well as technical analysis.

Quote from: mk4 on June 22, 2020, 08:53:14 PM

If you're losing money trading(I assume, hence why you made such a topic), go trade with a virtual portfolio for now. eToro has a virtual portfolio feature whereas you can trade as much as you want with just play money.

The only thing that I do when i lose in trading is that i reflect on myself and search for the root of my failures, and after that, I try to improve my self and become better. Virtual portfolios are really helpful to make yourself familiarize on how trading works. This will help you visualize the true happening inside the trading platform if you don't have any idea about it.

Latviand

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By the use of basic fundamentals and knowledge, you should improve yourself through experience and practice. There are a lot of trading simulator that you can use, you can try to invest a certain amount in trading. Explore trading platforms that will be suitable and effective for you to become comfortable in every transaction that you are going to perform. It is not easy at first but if you aim on your goals, then everything will fall into its place. Keep hustling, once you make mistakes, study and learn from it. You need also to adjust depending on the market situation so that you will know what kind of strategies you are going to prepare in order to gain profits instead of losses.

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Quote from: maxreish on June 23, 2020, 01:07:45 AM

OP is seeking a help about on how to become a successful trader. I have pressumed it because of the title of this thread.

And yeah, it's true that bitcoin market has extreme volatile characteristics that may cause traders to be exhaustes because of liquidity problems. But to endure and take this risks with good knowledge and good management trading plan, you can be a good and successful trader. There are so many things to consider but if you are determined enough on your goals, you can achieved the success.

Agree! Being a good traders doesn't mean you can be successful. Obviously, to be a good or successful trader, you'll need to learn good knowledge, practice your skills, acquire experiences. That's are the very first steps to join this market. Importantly, learn how to manage the risks and goal-setting. Be clear with the goal, don't change it along the way otherwise you'll be dip by the waves of the market!

maxreish

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OP is seeking a help about on how to become a successful trader. I have pressumed it because of the title of this thread.

And yeah, it's true that bitcoin market has extreme volatile characteristics that may cause traders to be exhaustes because of liquidity problems. But to endure and take this risks with good knowledge and good management trading plan, you can be a good and successful trader. There are so many things to consider but if you are determined enough on your goals, you can achieved the success.

harizen

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Quote from: emmaglory5 on June 22, 2020, 02:50:12 PM

In the last couple of years, cryptocurrencies have experienced massive, volatile price swings, which have caused some crypto traders to thrive, and others go through huge losses.

Huh

On the contrary, there are traders who also able to recover after being down for the last couple of years as you mentioned.

You will just lose if you give up. Dealing and playing with the volatility is the challenge here. Don't focus on how much you lose but think of a way how to maintain winning stats. Learn to make strategy at any given trend. There is no perfect trade as even professionals still lose today.

If you think you can't handle your losses then better refrain doing trades.

KrisAlex18

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It's hard to be a great and succesful trader, you need yo have first knowledge, skills, and experience first before you became like that, you will face so many struggles firs before you became like that, if you are only a beginner, you shouldn't try trading without proper knowledge and skills about it. You should do some research first or watch some tutorials on youtube before you try it. It's pretty normal that you may lose your money in trading especially when you are a beginner because even though those people who are not beginner introducing are actually losing their money when doing trading but do not let it stop you from trading because that is normal, you just only need to be patient and acquire skills and knowledge.

dragon695

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Quote from: mk4 on June 22, 2020, 08:53:14 PM

That's what actually attracts cryptocurrency trading to a lot of people: the huge volatility. Huge price swings, means a lot of opportunities to make(and lose) money. Pretty much higher risks with higher potential rewards.

If you're losing money trading(I assume, hence why you made such a topic), go trade with a virtual portfolio for now. eToro has a virtual portfolio feature whereas you can trade as much as you want with just play money.

I want to add a point to your point. Before going to trade by using a practicing account, you'll need to know the fundamental knowledge, learn the skills, and techniques first! By doing that, you'll have a proper understanding of the market, know how to analyze the trend and the information of the market. Don't trader without having those things or you'll face a great risk of losing your capital!

mk4

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That's what actually attracts cryptocurrency trading to a lot of people: the huge volatility. Huge price swings, means a lot of opportunities to make(and lose) money. Pretty much higher risks with higher potential rewards.

If you're losing money trading(I assume, hence why you made such a topic), go trade with a virtual portfolio for now. eToro has a virtual portfolio feature whereas you can trade as much as you want with just play money.

Bodykeepers

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Can you make your topic to be understand clearer? Because we don't know what are you trying to achieved
Are you looking to become a successful trader? Or what ?
If your looking how to trade then this is the best source that you can possibly learn

Source: TRADING WITH RAYNER

You can learn a lot from this toturial where you can master your trading strategy.

Wayrey2020

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Your content is confusing and not clear, hence i will focus on your subject.
It is very easy to become successful in the crypto currency space. All you need to do is learn, then do your own research, perfect the need to understand the basics of crypto currency trading. Learn and learn until you attain perfection to certain extents.

spike420211

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What exactly is your question?

Indeed, in fact, you have already answered it. Some cryptocurrencies are at the top of the pyramid, the rest are at its foot or in the pit of oblivion.
Those who made the right bets are now celebrating a victory, the rest are indignant about injustice.

emmaglory5

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love to live honestly & try to be self-dependent

The cryptocurrency market is among the most active markets that still has great promise. In the last couple of years, cryptocurrencies have experienced massive, volatile price swings, which have caused some crypto traders to thrive, and others go through huge losses.

Huh

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