Topic: Master the trading - page 12. (Read 3034 times)
yes you are right when you start trading should you have a very good skill to be able to support the benefits that you can use and you can also get a lot of profits, so when trading is better you must have excellent skills.
if you want to succeed really master the trade but how to master the trade? one of them you have to sacrifice your time to monitor the market every day and always be active about crypto news and most importantly you should be able to analyze the coins.
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?
Its a mix of practice, experience, knowledge and luck to be successful in trading. You to practice what you learned from your mentor or from the book that you are reading, if you don't apply what you learned then ts just a waste of time and money to join those trading 101 seminars. Luck? Yes you need those, some people disregard those airdrops, but I know someone who collects any airdrop that is available and he makes money from it.
Experience is always the key for everything. We can master it at the perfect time and not for just a couple of month. People do have different skill. Also we do have different will when it comes to decision making. Then learn more about candlestick chart analysis as well as market fluctuations. Clear all those trading processes in the past that produced excellent. Second one is have knowledge about fundamental. If you already got experience you can know the pattern.
Masterig trading is very difficult cause even the experieced traders also lose money sometimes so before earning good profit we should practice and have more patience to learn and research all strategies to be an expert trader and this takes too long.
In order to increase any skill as they say Practice makes perfect. I would strongly advise you practice with small amounts on some up and coming alt coins. Just remember to become a pro trader you can’t be too greedy which is the hardest part (In my opinion) of trading. You need to make plans about when you will cash out and at what price.
Yo man you are so young and already started to think about trading!
This is good news for you (cause you are smart!)
So.. don't waste your time and be focused on trading all your time. You can become very successful by the and of university
I know probably as a schoolboy you don't have money but you can start with paper trading (Google Sheets or TradingView)
Wish you all the best
This is good news for you (cause you are smart!)
So.. don't waste your time and be focused on trading all your time. You can become very successful by the and of university
I know probably as a schoolboy you don't have money but you can start with paper trading (Google Sheets or TradingView)
Wish you all the best
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 that how long it will takes. The best is what will a newbie do to be a good trader no week, months or years to be specific it is depends on them how much time, effort and patience he will going to endure to learn those things in a basic rules of trading. A newbie can be good in trading as fast as 1-3 months. It is not easy but it will work on who is very patient and willing to do what it takes to learn. yes that skill is not just a matter of luck, you need that knowledge to know the right time to buy and sell that is candle analysis. there are many places of learning it may be on google or youtube very much refrensi about it learn there
With BTC it's mostly a matter of luck. I've been following analysts for years and about 70 or even 80% of them are totally wrong every time. And the funny thing is that some of them use RSI, some use FIB indicators, and the only thing that is usually true is that the obvious resistance levels are usually the turning points. Most people fail to predict whether it will be this or that resistance, so they keep buying every time and selling on the first sign of upward resistance.
Truly day trading needs skills but i should say that it not only skill are needed in mastery of trading, they also need to be keen observer, sensitive in how the charts are moving and working to make a wiser move to benefit in trading. In able to master the day trading, it need wisdom, good decision making and thorough analysis of charts and price movement.
All that you mention is actually skills. You just elaborated it just to make your post long for your signature campaign. Day trading doesn't need a lot of skills just to be good on day trading especially if you are not gifted. You can simply search for traders group and follow what their strategy. But be aware of fraud trader group. Most of the frauds will forcing you to buy certain shitcoins.
Truly day trading needs skills but i should say that it not only skill are needed in mastery of trading, they also need to be keen observer, sensitive in how the charts are moving and working to make a wiser move to benefit in trading. In able to master the day trading, it need wisdom, good decision making and thorough analysis of charts and price movement.
I think the time is fast or slow depending on the amount of money you have and your learning. But to experience the loss will also be a lot
It will depend on how you work for your goal, learning on how to trade is not that easy you cannot learn that within a week it will take more time to master it. For me, as long as you know how to read charts and the price movements you can now trade and learn more while you are trading.
If you are newbie and very serious to be expert then I can say up to six months consistent with crypto community and other online resources can mould you to be a pro trader. But the real training is when you start to play with real money.
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?
Yes, trading is a skill and can't be acquired by just educating yourself with bunch of those chart patterns. You have to study yourself in all means in psychological patterns.
Skills; day trading is luck. You can make money a few days; You may lose some on other days. If you want to consistently make money, overtime, you should be in it for the long term in Bitcoin, and that is in all other traditional investments. It has knowledge of fundamental and technical analysis. All incoming or buying and selling decisions depends on from analysis and not from emotional.
Yes trading need skill, you need to sharpen your skill in reading chart and you also need experience to handle the situation better, if you already got experience you can know the pattern and know what to do and how to prevent further lost, I think it need more than years to build your trading experience to become a good trader, but it depends on how often you do your trade
The most important thing to become pro trader is should be have good psycology, just like always patient and dont be greedy. And second one is have knowledge about fundamental and technical analysis. All entry or buy and sell decision depend on the analysis and not from emotional.
it really can not be said, because the proficiency of a trader will depend on themselves in how they can properly research and can learn from the experience that has been passed.
In order to master and boost up your trading process or business you need to adopt and follow all those strategies which are using as examples in the market which indicate and clear all those trading processes in the past that produced excellent and huge profits. Now follow all those strategies according to the current market conditions and apply the relevant strategy. 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 hard to master trading. You must consider time and experience, also you need to study trading much. Jump to: