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Topic: If you want to be successful in trading.. - page 9. (Read 1650 times)

full member
Activity: 461
Merit: 101
I think the only way to be successful in trading is that you have to be driven to reach for your goal. And the rest will just follow, but of course there are always ups and downs when it comes to trading because it is not always in favor especially the market.
To succeed in trading you have to know the market analysis, have to set clear goals in the future, so you will have the motivation to strive and to a level you have set then you can be public. If you have no goals and expectations too high in the market then you will probably have no way out.
That is one definite thing you just cannot leave out. As long as you cannot thoroughly analyze the market, you are just going to end up in a situation where you are just simply gambling. The good thing about knowing how to do some analysis and make good use of indicators is so that you are not making decisions blindly but you are at least, using what you see to make those decisions and not what you feel. A lot of people have lost so much before they just cannot stick to this simple thing before hitting an exchange.
That's why it's a must that before you're going to enter the world of trading you should already have a basic knowledge about trading and also about cryptocurrency. There's a lot of factor that would affect you in doing trading that could be the reason to failed so you must be knowledgeable in what you've doing.
member
Activity: 176
Merit: 10
I think first step to become successful in trading crypto currencies is learning and reading more before starting, and also getting some experience (by risking some small amounts in the first trades). Without good knowledge and experience, it is hard that you get good profit by trading, because it is still very risky field.

Yes trading is very unsafe because because in this way of making money the scammers are where commonly active.
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
I think the only way to be successful in trading is that you have to be driven to reach for your goal. And the rest will just follow, but of course there are always ups and downs when it comes to trading because it is not always in favor especially the market.
To succeed in trading you have to know the market analysis, have to set clear goals in the future, so you will have the motivation to strive and to a level you have set then you can be public. If you have no goals and expectations too high in the market then you will probably have no way out.
That is one definite thing you just cannot leave out. As long as you cannot thoroughly analyze the market, you are just going to end up in a situation where you are just simply gambling. The good thing about knowing how to do some analysis and make good use of indicators is so that you are not making decisions blindly but you are at least, using what you see to make those decisions and not what you feel. A lot of people have lost so much before they just cannot stick to this simple thing before hitting an exchange.
full member
Activity: 364
Merit: 100
maybe you can give a brief to be successful in the world of trading seems you can be by trading by controlling the patience you have, with patience that you can control then you can get a lot of profits.
copper member
Activity: 364
Merit: 0
If you want to be a succesfull trader you must need  knowlegde about market and coins,Learn to control the emotions because its all wide to reduce expend your profit for long term to make bright future.
legendary
Activity: 2170
Merit: 1427
I believe that asking some good question on people who are good in trading or maybe has a big experience on trading feild.
That's pointless. If you don't know anything about the very basics of trading, you won't be able to seperate rubbish information from useful information. You will take everything for granted. Also, there aren't all that many people out there actually knowing what they talk about, and even if they do, it doesn't mean their way leads to profits. This market is too unpredictable where the gaps between you as semi newbie and 'experienced' traders actually isn't all that large, especially during volatility.

Maybe we also need a lot of self study in order for us to gain some more learning on the Trading feild.
Self research and education is the only thing that matters. Just try it out for yourself with a small initial balance. If you lose it, no stress because you will find out what made you lose, and what to do to increase the chances of not losing in a similar way again. You don't need input from other that way.
sr. member
Activity: 1148
Merit: 300
be a trader must be able to read the market well and can take a chance if there is a chance to get profit from coins in the market, but do not rush in taking decisions, first analysis of the coins you want to buy because trading has a big risk
If we want to become successful on trading, maybe we need to believe on our self and we need to search some great idea on trading, I believe that asking some good question on people who are good in trading or maybe has a big experience on trading feild. Maybe we also need a lot of self study in order for us to gain some more learning on the Trading feild.
full member
Activity: 364
Merit: 100
be a trader must be able to read the market well and can take a chance if there is a chance to get profit from coins in the market, but do not rush in taking decisions, first analysis of the coins you want to buy because trading has a big risk
newbie
Activity: 196
Merit: 0
If you want to be successful trading you must earned knowledge ,skills , hardworking to be learned and  practice,cause it's a main concept if you want to succeed..it hearsay knowlegde is the key to have more money but without knowledge and skills your pocket will be empty.aside from that motivation dedecation make aware of your emotions it also aspect to become successful at trading method.
jr. member
Activity: 313
Merit: 1
I am a beginner in trading,that's why i was gathering a lot of information about trading. For me,i think i will become a successful in trading,if i will apply the best strategy that i learned those people who gave their own opinion regarding this topics that you created.
full member
Activity: 1190
Merit: 212
★Bitvest.io★ Play Plinko or Invest!
yes you are correct to multiply the signal you have for your trading information is very good and you can help with the signal you can take advantage of the movement of some existing coin to be able to gain profit.
hero member
Activity: 1302
Merit: 508
Leading Crypto Sports Betting & Casino Platform
Experience. Mental readiness is the key to being successful in the world of cryptocurrency or trading. where we can benefit from such trading. as now people are being tested with bitcoin price reductions

Experience really matters in trading because it is not simple to make money through trading but sometime patience is the main key to control ourselves when they are at dips.
sr. member
Activity: 1582
Merit: 279
PredX - AI-Powered Prediction Market
Experience. Mental readiness is the key to being successful in the world of cryptocurrency or trading. where we can benefit from such trading. as now people are being tested with bitcoin price reductions
hero member
Activity: 812
Merit: 500
Being succesful trader gain knowledge about market and coins,Learn to control the emotions and avoid to take decisions in panic be patient when market fall and be calm when you win.Diversification of investment is must to avoid complete losses.
member
Activity: 266
Merit: 16
There are many tip about trading you have to study it first if it is legit. Sometimes tip are just a tip but different in actual trading. Trading is risky and fussy need enough time and enough knowledge to be a successful trader.
full member
Activity: 926
Merit: 100
to see the moment and take advantage of the right moment to buy some coin is good but if you always trust the signal from the machine in my opinion do not be too confident because sometimes the machine will actually make you get a loss.
sr. member
Activity: 643
Merit: 264
Do not make the mistake of entering into a trading market without a plan. Always have a plan first or you will get lost. This plan should include a time frame, your stop loss, and the exit point.
hero member
Activity: 1302
Merit: 577
avatar and signature space for rent !!!
Very true. This statement makes me try to do all my best in trading and now I am a good trader with some nice profits. I hope that you guys are too.

Well depends on a person how are they may able to make a way of making some profit here in crypto is what all of us want too.
hero member
Activity: 1190
Merit: 534
Exactly, I have lost my entire capital multiple times just because of I blindly relied on others opinion without doing my own research. However, I understood that successful traders don't spend time in trading but they spend maximum time in doing research and in most of the cases it pays in the form of high returns irrespective of the market situation. One must understand his purpose of investment before knowing the coin in which he is doing his investment.
full member
Activity: 462
Merit: 100
Recognizing momentum in trading is actually an hallmark of great trader that is very skillful. Momentum decide how a trade will eventually end. Spotting and recognizing momentum make all difference between great gain or loss.
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