Topic: Knowledge needed for the trader wants to become professional (Read 343 times)
If you want to be a professional trader, Ofcourse, you have to acquire a deep knowledge in this regard. Trade is very high level of any income source . When you gain more knowledge and more experience then You can become a professional trader .
I just observed this, I think because of the long bear run and the dip in ICO return everyone is now looking at the alternative means of getting income. Please trading is good for those people that are very discipline but not for everyone, most of these trading talk is cheap in theory until you started betting with your money and the feeling changed because you have something at stake. Discipline is the synonyms to Cryto trading, if you jump in, you jump out
Yes, beside knowledge we should be also discipline to follow all trading plan. Without discipline, all skill and knowledge that we have will be not usefull in trading. Other thing is avoid greedy and FOMO, because there are always top and bottom price.
Actually, when it comes to trading, having knowledge is one thing, and how you are able to apply the knowledge based on experience is another thing. The issue is that most people rush through learning and practice and they are just looking for quick means or are so much in a haste to start making money and in that case, it would be hard to even be able to put anything you have learned to good use. It is imperative to at least find a way to practice, build on a plan and strategy, gain confidence in it and stick with it. Most traders these days are not consistent, but of course how can you be consistent with your trading strategy when you are rushing to do things?
After that long story,this only leads to one important thing in crypto trading and that is being Knowledgeable in every aspect since this is not a joke because this involves our money
You have lots of idea shared and it is a big help for the beginners.but tp make it more easier try to make shorter advices so they can learn faster
It is not a matter of day or two to learn trading. People have learnt how to trade and when to do so at the cost of their huge investments that were lost in the start of the business. So this is a journey of learning practical things that is the reason so many billionaires are old and aged. You have lots of idea shared and it is a big help for the beginners.but tp make it more easier try to make shorter advices so they can learn faster
One has to make sure each step goes good and in the right direction and any wrong decision can make you face loss but the loss brings experience and the same faults are never repeated again. This is how learning about trading reaches a point of perfection.
Yes, I appreciate this post there is something important written on this post which is must require to do well in trading. Without having potential knowledge no one can do well in the respective job. With knowledge, a person should be well disciplined, all these things lead to being professional.
I use Google translate. If there is anything difficult to understand you can sympathize
Being a successful Trader is always a wish of all our traders. However, the desire was never enough, especially in the field of trading is only under 5% is a legendary success.
Hugh Kimura - Tradingheroes admin has summarized the training process of the professional Trader through his conversations with other Trader. Although the path to success of each Trader is different, he has discovered the common points listed below. With this article, hopefully people will have more motivation, as well as the orientation when becoming a professional trader
1. Gratitude
It sounds unrelated, but gratitude and success (in transactions) have a deep hidden relationship.
When you are grateful for what you have, you will feel happier and happier, you will complain less and work harder. And like the 10,000-hour rule in Gladwell's Outlier: Genius comes from the practice.
2. Deciding to engage in the trading profession
This is a key factor, you have to be determined to become a professional Trader despite the barriers that you may encounter.
Most successful Traders love trading, while others simply trade because they generate income without reporting to anyone, but before reaching this stage they are Practice, practice and leave the difficulties that you have.
If you want to be a real trader, you must do the same.
3. Continuously learn and try different things
After deciding to enter the profession, of course the first thing you need to do is equip yourself with knowledge. On the net there is a wealth of knowledge that you can comprehend, pay for, have free.
However, if you want to go fast you should find yourself a real teacher
Completing this step is that we have been halfway there. Difficulty lies always ahead.
4. Find a style that suits your personality
One of the advantages of trading is that you can try and fail many times and get experience on those occasions. Use small capital or trade DEMO.
There are many different trading styles that you have to learn from scalping, short-term, and swing trade, some of which are in line with news or fundamental trading.
This step costs you quite a bit of time, you can not solve it with a few courses. You have to keep trying and wrong at the same time, remember that a method used by someone to make a profit, but when applied to you it is another story.
5. Focus on one method at a time
This sounds simple, but the motivational idea of quick money will stop you. You want to try many strategies at the same time to shorten the road but that is wrong.
1. https://www.tradingview.com (Where you can refer to analyzes from other people as well as to analyze your own).
2. https://www.coinsignals.trade/
3. https://www.forexfactory.com/forum.php? (A vast and rich source of knowledge from technical analysis to information from all markets)
To fight well, you must first master with only one weapon, and usually one is more than enough.
Being a successful Trader is always a wish of all our traders. However, the desire was never enough, especially in the field of trading is only under 5% is a legendary success.
Hugh Kimura - Tradingheroes admin has summarized the training process of the professional Trader through his conversations with other Trader. Although the path to success of each Trader is different, he has discovered the common points listed below. With this article, hopefully people will have more motivation, as well as the orientation when becoming a professional trader
1. Gratitude
It sounds unrelated, but gratitude and success (in transactions) have a deep hidden relationship.
When you are grateful for what you have, you will feel happier and happier, you will complain less and work harder. And like the 10,000-hour rule in Gladwell's Outlier: Genius comes from the practice.
2. Deciding to engage in the trading profession
This is a key factor, you have to be determined to become a professional Trader despite the barriers that you may encounter.
Most successful Traders love trading, while others simply trade because they generate income without reporting to anyone, but before reaching this stage they are Practice, practice and leave the difficulties that you have.
If you want to be a real trader, you must do the same.
3. Continuously learn and try different things
After deciding to enter the profession, of course the first thing you need to do is equip yourself with knowledge. On the net there is a wealth of knowledge that you can comprehend, pay for, have free.
However, if you want to go fast you should find yourself a real teacher
Completing this step is that we have been halfway there. Difficulty lies always ahead.
4. Find a style that suits your personality
One of the advantages of trading is that you can try and fail many times and get experience on those occasions. Use small capital or trade DEMO.
There are many different trading styles that you have to learn from scalping, short-term, and swing trade, some of which are in line with news or fundamental trading.
This step costs you quite a bit of time, you can not solve it with a few courses. You have to keep trying and wrong at the same time, remember that a method used by someone to make a profit, but when applied to you it is another story.
5. Focus on one method at a time
This sounds simple, but the motivational idea of quick money will stop you. You want to try many strategies at the same time to shorten the road but that is wrong.
***************************************************
I will introduce you some more sites to get more knowledge for the trader. This will be a great knowledge of the Newbie.1. https://www.tradingview.com (Where you can refer to analyzes from other people as well as to analyze your own).
2. https://www.coinsignals.trade/
3. https://www.forexfactory.com/forum.php? (A vast and rich source of knowledge from technical analysis to information from all markets)
To fight well, you must first master with only one weapon, and usually one is more than enough.
***************************************************
Many thanks for reading this article. 
Of course I agree with you because with out knowledge I can't do nothing. I believe invest/ trade world never change their basic knowledge because this is the real key of success, include mindset, money management and method. People have different strategy to use basic knowledge and create many way create income. Keep learning, do some practice and always get out before too late.
Learn from your failures and never get too excited about you success.This is the main thing many traders should learn.Work hard and never give up.It's all about delayed gratification,not instant gratification.
Emotional stability is more important than the knowledge about technical analysis and other stuff.
Yes, we must develop the habit of learning from your failures, even after learning there is always a means to understand that you can still make some mistakes in between trying to fine tune your strategy and trying to get things right as this is when the experience thing comes in as you keep building on yourself and getting better. Failure only becomes one, if you allow the failure to pull you down, but when you see it as a stepping stone to getting things right, you will always do better over time. Getting excited about success too is not a bad idea as it comes naturally anyway, but not assuming it to be like you already know it all is one thing that should come to mind. As a trader, you never stop learning, both from the books and from experience.Emotional stability is more important than the knowledge about technical analysis and other stuff.
Everything in life is a process and if you do not follow that due process and you peradventure try looking for a quicker means to get things done or jump start something, then the likelihood of not being able to get the best will always be there.
Yes, slow and steady will always help a trader to become a pro-trader. In depth sense, only with slow progress, a trader will able to learn from his each and every action and what are needed to be repeated and what should be avoided will decide the success of a trader when a trader is consistent with his success ratio then we may consider them as a professional trader.It is very imperative that you know as much as possible as this is the only way you will be able to come up with a good strategy, and build on that to get experience and it is this experience over time that will help you build your psychological mindset, confidence as you are sure you know what you are doing.
Learning from other's mistakes and from our own's will enable to groom as an experienced trader. Just learning will not help any trader but remembering the past events and recalling them for right usage at required time are only possible for professional traders. Being a professional trader is not an easy task as it requires lots of dedicated tasked to be ticked all the times. 
professional trader not only needs knowledge e must have patience psychology and experience
One thing basically leads to the other mate, and if you skip one, there is no way you can get the best of the next. Everything in life is a process and if you do not follow that due process and you peradventure try looking for a quicker means to get things done or jump start something, then the likelihood of not being able to get the best will always be there.Trading is a profession and can still be classified as a job if you are good at it, but you cannot be good at it, if you skip the learning aspect or you try to rush it. It is very imperative that you know as much as possible as this is the only way you will be able to come up with a good strategy, and build on that to get experience and it is this experience over time that will help you build your psychological mindset, confidence as you are sure you know what you are doing.
I use Google translate. If there is anything difficult to understand you can sympathize
Being a successful Trader is always a wish of all our traders. However, the desire was never enough, especially in the field of trading is only under 5% is a legendary success.
Hugh Kimura - Tradingheroes admin has summarized the training process of the professional Trader through his conversations with other Trader. Although the path to success of each Trader is different, he has discovered the common points listed below. With this article, hopefully people will have more motivation, as well as the orientation when becoming a professional trader
1. Gratitude
It sounds unrelated, but gratitude and success (in transactions) have a deep hidden relationship.
When you are grateful for what you have, you will feel happier and happier, you will complain less and work harder. And like the 10,000-hour rule in Gladwell's Outlier: Genius comes from the practice.
2. Deciding to engage in the trading profession
This is a key factor, you have to be determined to become a professional Trader despite the barriers that you may encounter.
Most successful Traders love trading, while others simply trade because they generate income without reporting to anyone, but before reaching this stage they are Practice, practice and leave the difficulties that you have.
If you want to be a real trader, you must do the same.
3. Continuously learn and try different things
After deciding to enter the profession, of course the first thing you need to do is equip yourself with knowledge. On the net there is a wealth of knowledge that you can comprehend, pay for, have free.
However, if you want to go fast you should find yourself a real teacher
Completing this step is that we have been halfway there. Difficulty lies always ahead.
4. Find a style that suits your personality
One of the advantages of trading is that you can try and fail many times and get experience on those occasions. Use small capital or trade DEMO.
There are many different trading styles that you have to learn from scalping, short-term, and swing trade, some of which are in line with news or fundamental trading.
This step costs you quite a bit of time, you can not solve it with a few courses. You have to keep trying and wrong at the same time, remember that a method used by someone to make a profit, but when applied to you it is another story.
5. Focus on one method at a time
This sounds simple, but the motivational idea of quick money will stop you. You want to try many strategies at the same time to shorten the road but that is wrong.
1. https://www.tradingview.com (Where you can refer to analyzes from other people as well as to analyze your own).
2. https://www.coinsignals.trade/
3. https://www.forexfactory.com/forum.php? (A vast and rich source of knowledge from technical analysis to information from all markets)
To fight well, you must first master with only one weapon, and usually one is more than enough.
Being a successful Trader is always a wish of all our traders. However, the desire was never enough, especially in the field of trading is only under 5% is a legendary success.
Hugh Kimura - Tradingheroes admin has summarized the training process of the professional Trader through his conversations with other Trader. Although the path to success of each Trader is different, he has discovered the common points listed below. With this article, hopefully people will have more motivation, as well as the orientation when becoming a professional trader
1. Gratitude
It sounds unrelated, but gratitude and success (in transactions) have a deep hidden relationship.
When you are grateful for what you have, you will feel happier and happier, you will complain less and work harder. And like the 10,000-hour rule in Gladwell's Outlier: Genius comes from the practice.
2. Deciding to engage in the trading profession
This is a key factor, you have to be determined to become a professional Trader despite the barriers that you may encounter.
Most successful Traders love trading, while others simply trade because they generate income without reporting to anyone, but before reaching this stage they are Practice, practice and leave the difficulties that you have.
If you want to be a real trader, you must do the same.
3. Continuously learn and try different things
After deciding to enter the profession, of course the first thing you need to do is equip yourself with knowledge. On the net there is a wealth of knowledge that you can comprehend, pay for, have free.
However, if you want to go fast you should find yourself a real teacher
Completing this step is that we have been halfway there. Difficulty lies always ahead.
4. Find a style that suits your personality
One of the advantages of trading is that you can try and fail many times and get experience on those occasions. Use small capital or trade DEMO.
There are many different trading styles that you have to learn from scalping, short-term, and swing trade, some of which are in line with news or fundamental trading.
This step costs you quite a bit of time, you can not solve it with a few courses. You have to keep trying and wrong at the same time, remember that a method used by someone to make a profit, but when applied to you it is another story.
5. Focus on one method at a time
This sounds simple, but the motivational idea of quick money will stop you. You want to try many strategies at the same time to shorten the road but that is wrong.
***************************************************
I will introduce you some more sites to get more knowledge for the trader. This will be a great knowledge of the Newbie.1. https://www.tradingview.com (Where you can refer to analyzes from other people as well as to analyze your own).
2. https://www.coinsignals.trade/
3. https://www.forexfactory.com/forum.php? (A vast and rich source of knowledge from technical analysis to information from all markets)
To fight well, you must first master with only one weapon, and usually one is more than enough.
***************************************************
Many thanks for reading this article.
Of course, but also knowledge is not enough and you need some of the experience of a trader in order for you to become successful at it.
I use Google translate. If there is anything difficult to understand you can sympathize
Being a successful Trader is always a wish of all our traders. However, the desire was never enough, especially in the field of trading is only under 5% is a legendary success.
Hugh Kimura - Tradingheroes admin has summarized the training process of the professional Trader through his conversations with other Trader. Although the path to success of each Trader is different, he has discovered the common points listed below. With this article, hopefully people will have more motivation, as well as the orientation when becoming a professional trader
1. Gratitude
It sounds unrelated, but gratitude and success (in transactions) have a deep hidden relationship.
When you are grateful for what you have, you will feel happier and happier, you will complain less and work harder. And like the 10,000-hour rule in Gladwell's Outlier: Genius comes from the practice.
2. Deciding to engage in the trading profession
This is a key factor, you have to be determined to become a professional Trader despite the barriers that you may encounter.
Most successful Traders love trading, while others simply trade because they generate income without reporting to anyone, but before reaching this stage they are Practice, practice and leave the difficulties that you have.
If you want to be a real trader, you must do the same.
3. Continuously learn and try different things
After deciding to enter the profession, of course the first thing you need to do is equip yourself with knowledge. On the net there is a wealth of knowledge that you can comprehend, pay for, have free.
However, if you want to go fast you should find yourself a real teacher
Completing this step is that we have been halfway there. Difficulty lies always ahead.
4. Find a style that suits your personality
One of the advantages of trading is that you can try and fail many times and get experience on those occasions. Use small capital or trade DEMO.
There are many different trading styles that you have to learn from scalping, short-term, and swing trade, some of which are in line with news or fundamental trading.
This step costs you quite a bit of time, you can not solve it with a few courses. You have to keep trying and wrong at the same time, remember that a method used by someone to make a profit, but when applied to you it is another story.
5. Focus on one method at a time
This sounds simple, but the motivational idea of quick money will stop you. You want to try many strategies at the same time to shorten the road but that is wrong.
1. https://www.tradingview.com (Where you can refer to analyzes from other people as well as to analyze your own).
2. https://www.coinsignals.trade/
3. https://www.forexfactory.com/forum.php? (A vast and rich source of knowledge from technical analysis to information from all markets)
To fight well, you must first master with only one weapon, and usually one is more than enough.
A very clear write up and I think I don't need any one to explain to me further about how to become a professional trader. I have been into trading since 2011 and I have learned alot during this time. I am also striving to become a successful trader and I strongly believe that one day I will be 85 % successful in my judgment. Many of us not ready to pay the price and become successful and professional and we want to makes money from the market in the long run? This is very impossible as you must do all the things op has listed to become professional in trading. Being a successful Trader is always a wish of all our traders. However, the desire was never enough, especially in the field of trading is only under 5% is a legendary success.
Hugh Kimura - Tradingheroes admin has summarized the training process of the professional Trader through his conversations with other Trader. Although the path to success of each Trader is different, he has discovered the common points listed below. With this article, hopefully people will have more motivation, as well as the orientation when becoming a professional trader
1. Gratitude
It sounds unrelated, but gratitude and success (in transactions) have a deep hidden relationship.
When you are grateful for what you have, you will feel happier and happier, you will complain less and work harder. And like the 10,000-hour rule in Gladwell's Outlier: Genius comes from the practice.
2. Deciding to engage in the trading profession
This is a key factor, you have to be determined to become a professional Trader despite the barriers that you may encounter.
Most successful Traders love trading, while others simply trade because they generate income without reporting to anyone, but before reaching this stage they are Practice, practice and leave the difficulties that you have.
If you want to be a real trader, you must do the same.
3. Continuously learn and try different things
After deciding to enter the profession, of course the first thing you need to do is equip yourself with knowledge. On the net there is a wealth of knowledge that you can comprehend, pay for, have free.
However, if you want to go fast you should find yourself a real teacher
Completing this step is that we have been halfway there. Difficulty lies always ahead.
4. Find a style that suits your personality
One of the advantages of trading is that you can try and fail many times and get experience on those occasions. Use small capital or trade DEMO.
There are many different trading styles that you have to learn from scalping, short-term, and swing trade, some of which are in line with news or fundamental trading.
This step costs you quite a bit of time, you can not solve it with a few courses. You have to keep trying and wrong at the same time, remember that a method used by someone to make a profit, but when applied to you it is another story.
5. Focus on one method at a time
This sounds simple, but the motivational idea of quick money will stop you. You want to try many strategies at the same time to shorten the road but that is wrong.
***************************************************
I will introduce you some more sites to get more knowledge for the trader. This will be a great knowledge of the Newbie.1. https://www.tradingview.com (Where you can refer to analyzes from other people as well as to analyze your own).
2. https://www.coinsignals.trade/
3. https://www.forexfactory.com/forum.php? (A vast and rich source of knowledge from technical analysis to information from all markets)
To fight well, you must first master with only one weapon, and usually one is more than enough.
***************************************************
Many thanks for reading this article.
Yes, beside knowledge we should be also discipline to follow all trading plan. Without discipline, all skill and knowledge that we have will be not usefull in trading. Other thing is avoid greedy and FOMO, because there are always top and bottom price.
I agree that discipline and other emotion things also consider as the succes factors in trading, the most important things that I learned from professional traders is to control the greed, seeking opportunity and greed is only a thin line, and we need to really analyse the situation to differential those two things, and there is no shortcut in trading it take hours and hours practice to succeed in trading, its impossible to win in every trade and it's impossible to become great trader in one night
As long as you want to become professional at anything at all, the first thing that should always come to mind is to gain knowledge in that profession you want to pursue.
There is no way you can do well at all, if the knowledge is not there for you to make use of. Imagining that they can just end up doing it all by themselves is a mistake among many people commonly, without having to go by the books, and the crazy thing is that they always learn it the hard way and still come back to seeking for that knowledge eventually after wasted months and years.
Knowledge is very important and without it, you cannot make any decision as a trader. Just learning from books nor from a teacher/video will not give you all the required knowledge for trading. A knowledge here denotes the experience and the capability to take right decision at right moment. You cannot trade profitably even you have learnt 1000s of strategies and tips from books if you are not capable of making decisions under pressure, this is what here referred as 'knowledge'.
There is no way you can do well at all, if the knowledge is not there for you to make use of. Imagining that they can just end up doing it all by themselves is a mistake among many people commonly, without having to go by the books, and the crazy thing is that they always learn it the hard way and still come back to seeking for that knowledge eventually after wasted months and years.
Knowledge is very important and without it, you cannot make any decision as a trader. Just learning from books nor from a teacher/video will not give you all the required knowledge for trading. A knowledge here denotes the experience and the capability to take right decision at right moment. You cannot trade profitably even you have learnt 1000s of strategies and tips from books if you are not capable of making decisions under pressure, this is what here referred as 'knowledge'.
Learn from your failures and never get too excited about you success.This is the main thing many traders should learn.Work hard and never give up.It's all about delayed gratification,not instant gratification.
Emotional stability is more important than the knowledge about technical analysis and other stuff.
Emotional stability is more important than the knowledge about technical analysis and other stuff.
Yes, beside knowledge we should be also discipline to follow all trading plan. Without discipline, all skill and knowledge that we have will be not usefull in trading. Other thing is avoid greedy and FOMO, because there are always top and bottom price.
Actually, when it comes to trading, having knowledge is one thing, and how you are able to apply the knowledge based on experience is another thing. The issue is that most people rush through learning and practice and they are just looking for quick means or are so much in a haste to start making money and in that case, it would be hard to even be able to put anything you have learned to good use. It is imperative to at least find a way to practice, build on a plan and strategy, gain confidence in it and stick with it. Most traders these days are not consistent, but of course how can you be consistent with your trading strategy when you are rushing to do things?
The problem is relatively the same, tempted by big profits without knowing the basic of trading and lazy to learn.
If we want to find information about trading, I'm sure we will find a lot on Google Search or on YouTube. So to be a good trader depending on each individual
I use Google translate. If there is anything difficult to understand you can sympathize
Being a successful Trader is always a wish of all our traders. However, the desire was never enough, especially in the field of trading is only under 5% is a legendary success.
Hugh Kimura - Tradingheroes admin has summarized the training process of the professional Trader through his conversations with other Trader. Although the path to success of each Trader is different, he has discovered the common points listed below. With this article, hopefully people will have more motivation, as well as the orientation when becoming a professional trader
1. Gratitude
It sounds unrelated, but gratitude and success (in transactions) have a deep hidden relationship.
When you are grateful for what you have, you will feel happier and happier, you will complain less and work harder. And like the 10,000-hour rule in Gladwell's Outlier: Genius comes from the practice.
2. Deciding to engage in the trading profession
This is a key factor, you have to be determined to become a professional Trader despite the barriers that you may encounter.
Most successful Traders love trading, while others simply trade because they generate income without reporting to anyone, but before reaching this stage they are Practice, practice and leave the difficulties that you have.
If you want to be a real trader, you must do the same.
3. Continuously learn and try different things
After deciding to enter the profession, of course the first thing you need to do is equip yourself with knowledge. On the net there is a wealth of knowledge that you can comprehend, pay for, have free.
However, if you want to go fast you should find yourself a real teacher
Completing this step is that we have been halfway there. Difficulty lies always ahead.
4. Find a style that suits your personality
One of the advantages of trading is that you can try and fail many times and get experience on those occasions. Use small capital or trade DEMO.
There are many different trading styles that you have to learn from scalping, short-term, and swing trade, some of which are in line with news or fundamental trading.
This step costs you quite a bit of time, you can not solve it with a few courses. You have to keep trying and wrong at the same time, remember that a method used by someone to make a profit, but when applied to you it is another story.
5. Focus on one method at a time
This sounds simple, but the motivational idea of quick money will stop you. You want to try many strategies at the same time to shorten the road but that is wrong.
1. https://www.tradingview.com (Where you can refer to analyzes from other people as well as to analyze your own).
2. https://www.coinsignals.trade/
3. https://www.forexfactory.com/forum.php? (A vast and rich source of knowledge from technical analysis to information from all markets)
To fight well, you must first master with only one weapon, and usually one is more than enough.
Being a successful Trader is always a wish of all our traders. However, the desire was never enough, especially in the field of trading is only under 5% is a legendary success.
Hugh Kimura - Tradingheroes admin has summarized the training process of the professional Trader through his conversations with other Trader. Although the path to success of each Trader is different, he has discovered the common points listed below. With this article, hopefully people will have more motivation, as well as the orientation when becoming a professional trader
1. Gratitude
It sounds unrelated, but gratitude and success (in transactions) have a deep hidden relationship.
When you are grateful for what you have, you will feel happier and happier, you will complain less and work harder. And like the 10,000-hour rule in Gladwell's Outlier: Genius comes from the practice.
2. Deciding to engage in the trading profession
This is a key factor, you have to be determined to become a professional Trader despite the barriers that you may encounter.
Most successful Traders love trading, while others simply trade because they generate income without reporting to anyone, but before reaching this stage they are Practice, practice and leave the difficulties that you have.
If you want to be a real trader, you must do the same.
3. Continuously learn and try different things
After deciding to enter the profession, of course the first thing you need to do is equip yourself with knowledge. On the net there is a wealth of knowledge that you can comprehend, pay for, have free.
However, if you want to go fast you should find yourself a real teacher
Completing this step is that we have been halfway there. Difficulty lies always ahead.
4. Find a style that suits your personality
One of the advantages of trading is that you can try and fail many times and get experience on those occasions. Use small capital or trade DEMO.
There are many different trading styles that you have to learn from scalping, short-term, and swing trade, some of which are in line with news or fundamental trading.
This step costs you quite a bit of time, you can not solve it with a few courses. You have to keep trying and wrong at the same time, remember that a method used by someone to make a profit, but when applied to you it is another story.
5. Focus on one method at a time
This sounds simple, but the motivational idea of quick money will stop you. You want to try many strategies at the same time to shorten the road but that is wrong.
***************************************************
I will introduce you some more sites to get more knowledge for the trader. This will be a great knowledge of the Newbie.1. https://www.tradingview.com (Where you can refer to analyzes from other people as well as to analyze your own).
2. https://www.coinsignals.trade/
3. https://www.forexfactory.com/forum.php? (A vast and rich source of knowledge from technical analysis to information from all markets)
To fight well, you must first master with only one weapon, and usually one is more than enough.
***************************************************
Many thanks for reading this article.
I do agree with it. Those things are needed to become a successful trader, but sometimes you need to lose so many times in order for us to learn from it.
professional trader not only needs knowledge e must have patience psychology and experience
I appreciate posts like this. But I think we need to write articles about experiences. There are so many theories on the internet, it is really necessary that experience. Why do not we talk about our successful investments or failures? I think it will affect the thinking of many new people.
After that long story,this only leads to one important thing in crypto trading and that is being Knowledgeable in every aspect since this is not a joke because this involves our money
You have lots of idea shared and it is a big help for the beginners.but tp make it more easier try to make shorter advices so they can learn faster
You have lots of idea shared and it is a big help for the beginners.but tp make it more easier try to make shorter advices so they can learn faster
Yes, beside knowledge we should be also discipline to follow all trading plan. Without discipline, all skill and knowledge that we have will be not usefull in trading. Other thing is avoid greedy and FOMO, because there are always top and bottom price.
Actually, when it comes to trading, having knowledge is one thing, and how you are able to apply the knowledge based on experience is another thing. The issue is that most people rush through learning and practice and they are just looking for quick means or are so much in a haste to start making money and in that case, it would be hard to even be able to put anything you have learned to good use. It is imperative to at least find a way to practice, build on a plan and strategy, gain confidence in it and stick with it. Most traders these days are not consistent, but of course how can you be consistent with your trading strategy when you are rushing to do things?
Yes, beside knowledge we should be also discipline to follow all trading plan. Without discipline, all skill and knowledge that we have will be not usefull in trading. Other thing is avoid greedy and FOMO, because there are always top and bottom price.
Actually, when it comes to trading, having knowledge is one thing, and how you are able to apply the knowledge based on experience is another thing. The issue is that most people rush through learning and practice and they are just looking for quick means or are so much in a haste to start making money and in that case, it would be hard to even be able to put anything you have learned to good use. It is imperative to at least find a way to practice, build on a plan and strategy, gain confidence in it and stick with it. Most traders these days are not consistent, but of course how can you be consistent with your trading strategy when you are rushing to do things?
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