Master the trading | Bitcointalksearch.org

Japinat

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Quote from: Webberson on September 19, 2018, 01:15:54 PM

Quote from: brawdias on April 19, 2018, 07:28:58 PM

They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?

It is not the number of time you put into a trade that makes you a successful trader but how well you are able to make successful trades. Practicing eventually makes you good when you understand how the market works. It is always advisable to practice and master the trade before going live into it.

They say you have to put into actual practice the theory you learn because that is the only way to know if you are good or not.
Mastering trading is such a hard job but it's possible, that depends on your style and your passion in trading, you will have to learn along the way
and do not give up easily, being able to learn about the market and the techniques in trading will give you a chance to be profitable in the long run.

Webberson

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Quote from: brawdias on April 19, 2018, 07:28:58 PM

They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?

It is not the number of time you put into a trade that makes you a successful trader but how well you are able to make successful trades. Practicing eventually makes you good when you understand how the market works. It is always advisable to practice and master the trade before going live into it.

Gwapoman

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traders main goal is to create money,If you are already making big profits in trading you can consider yourself a good trader..but still ,continous learning is needed in this kind of field,the strategy that works for you today might failed tomorrow.there's no such thing as master trader it's just a self proclaimed title.

readygoaw

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Quote from: karavay_71 on September 15, 2018, 12:38:41 PM

Exactly like that. More practice - higher is your mastery and profits, you can understand most of things in trading only by your own experience.

Even an experienced person should master its trading skills. He can trade and learn everything about this business again and again. This strategy will lead him to the best results.

bitcoinrays

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Quote from: brawdias on April 19, 2018, 07:28:58 PM

They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?

There is nothing like how long it is going to take, if you can catch up within a short period of time that’s even better for you because you will trading and making profit immediately. And of course it’s mainly all about your skills and luck too, cause if you don’t know how it works you won’t be able to trade and make profit, you will just keep doing the trades and losing all the time.

ToyotaFortuner

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Their real trading masters are still in the learning period, only they have a lot of experience from the trading they do so they can know the right time to buy and sell coins.

darewaller

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Quote from: karavay_71 on September 15, 2018, 12:38:41 PM

Exactly like that. More practice - higher is your mastery and profits, you can understand most of things in trading only by your own experience.

Yes you’re right, experience is the final thing you need. Your level of experience says a lot about how you’re able to make use of your skills in trading.

Just take for example, outside of this after you graduate from school and searching for a job your will usually come across a lot of job vacancies stating that they need someone with a level of experience in that area, they don’t usually talk about skills.

cryptowolfsu

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It depends how fast we learn from our mistakes and how can we accept loosing trades as a normal
part of the trading process. Patience, discipline and mental toughness are the most important attributes
of a good trader. It is very individual how much time is needed to become a successful trader.

karavay_71

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Exactly like that. More practice - higher is your mastery and profits, you can understand most of things in trading only by your own experience.

Japinat

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Quote from: Aivaryamal on September 14, 2018, 11:06:19 PM

In my opinion, a beginner needs at least six months to learn to understand the basics of trading, especially since the crypto-currency market is just beginning to develop actively

There is no fix period of that as everyone has different level of comprehension.
It depends on how serious and devoted we are, if we want to learn, we need to study what we are doing and love it so we can give
time without complaining, the journey towards success is not always easy.

KXC247

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Learning does not finish. As far as financial market is concerned, you would be learning day by day. Practice makes perfect and you need to be practicing different strategies in this market before picking the one that works for you

Aivaryamal

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In my opinion, a beginner needs at least six months to learn to understand the basics of trading, especially since the crypto-currency market is just beginning to develop actively

MMysterious

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Quote from: The Scorpion on September 01, 2018, 07:42:52 AM

One of the most common mistakes new traders usually do is that, they get to excited. that excitement can lead you to wrong decisions. Trading without stops may lead you to unlimited losses, that's why you have to know your maximum level of risk. We all make mistakes, but if you reflect on your past mistakes you'll be able not to repeat them again. There are a lot of factors that affect your trading, that's why a psychological self-test to see whether you are in a mood or not to start trading, would be really helpful every time before you decide to trade. Memory helps us learn from our successes and failures, that is the reason why keeping a diary of your trades will help you grow and become a better trader.

In trading, We need to put aside our emotions when we enter the trade because our emotions make us greedy at the same time fearful so we cant decide a proper strategy or execute well in middle of the trade. So before we enter the trade be sure that our emotions is intact and our system or strategy is need to follow. We dont need one big profits and lose 5 times in a row after. We need consistent winning profit even its small profit. Mastering trading is good source of income and can give you financial freedom.

suzanne5223

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Quote from: crossabdd on September 14, 2018, 11:31:52 AM

in 2014 - 2015 I traded. I personally started to be able to read charts, make direction predictions and use indicators after 6 months. maybe including slow. but I can make my own profit without the help of others. said to be proficient, in my opinion still not. because if the comparison maybe 70% has the right prediction. but for now, I'm like a beginner. because prices can't be predicted easily like last year.

Well, you can still make the 70% prediction now if you dont use a single analysis i.e if you use both the technical and fundamental analysis you'll get the best result cause the technical are not suit for this current market but the fundamental price analysis is good. However, you year 2016 price movement for your analysis and you'll thank me later.

crossabdd

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in 2014 - 2015 I traded. I personally started to be able to read charts, make direction predictions and use indicators after 6 months. maybe including slow. but I can make my own profit without the help of others. said to be proficient, in my opinion still not. because if the comparison maybe 70% has the right prediction. but for now, I'm like a beginner. because prices can't be predicted easily like last year.

putrii

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I don't think everyone here feels that they are masters, maybe all of them are looking for knowledge and want to learn how to move cryptocurrency prices and find ways to become a professional trader in order to determine the right time to buy and sell coins.

noormcs5

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Quote from: NorihiroName on September 01, 2018, 08:47:07 AM

Quote from: brawdias on April 19, 2018, 07:28:58 PM

They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?

In my opinion it is really long process, but even in case of big experience we should consider great role of luck and intuition in this duty...so it is nearly impossible to say about amounts of time which need to be spent trading.

You might need a lot of time in the beginning if you are new in trading. You need time to learn the skills, charts and information about the coins. You need to learn about techniques, stop losses and other analytical skills. Once you have enough experience in trading, then it will not take much of you time and you will just place good orders. However, if trading is your full time work and you are involved in day trading, then you will have to spent many hours in trading to get as better profit as possible.

Ritrees

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Most difficult aspect of trading, at least in my opinion, is being patient and the waiting for the best entries and exits. So it's a bit mastering your own mind, against all the knowledge about trading you think you have.

Aivaryamal

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I believe that it takes at least one year to learn to see the development and behavior of the market, and who says that can do it in a week, it's a lie.

bitcoinrays

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Quote from: goodman4hire on September 01, 2018, 10:13:11 PM

Quote from: brawdias on April 19, 2018, 07:28:58 PM

They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?

To me trading is more of an art and a journey of ones self. Some technical skills are necessary but knowing yourself is an absolute must. If you cannot handle your emotions all the skill in the world will not save you.

You can take it easy if you do not have any troubles in life, trading with free mind in comfortable situations will make you focus on it. Focus is very important for anything if you expect a better result for it, in all sources we have to work hard and it will take your short time to get its benefits. Go crazy in trading once you learn to know about all the motions of market with fruitful decisions.

Topic: Master the trading (Read 3034 times)