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Topic: People who are successful, experienced traders - how did you get into it? - page 3. (Read 2598 times)

sr. member
Activity: 406
Merit: 250
I don't find my successful, but i know how you can become successful in trading.
Try out as many tutorials (also paid ones), from there start experiment with different trade techniques.
legendary
Activity: 910
Merit: 1000
I don't too successful on trading but i got bitcoin constanly from it, i use system trading or method trading are like analysis tecnical, management margin and risk, rules of entry and exit market and psicology trading. I think you must try my method i hope it is worth for you.
legendary
Activity: 2450
Merit: 1047
I do not consider myself as an expert but I am making a few bucks from trading if you are talking about altcoin trading ,there are many factors involve like the roadmap of the dev,the pumper who made a lot of noise in that chat roll and of course how active the support of the community of a particular coin
full member
Activity: 248
Merit: 100
I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?

I'm interested to hear people's stories.

The basic rule of investin remains the same.
In simple terms, the age old rule of economics

"The more the demand and scarce the supply, the larger the value."

U need to hav analytical skills, not much advanced, just basics. With experience u will get advanced.

For example, understand the utility of the product, its prospectiv usage, its system or strategies which will involve more and more people. These things will create the demand. If u think on analysin that demand will rise then its value will rise too.

I dont know about BTC because I personally believ the time when BTC can make people RICH is gone. But I do believ in crypto currencies and I am damn sure these will make people millionaires or billionaires.
hero member
Activity: 1372
Merit: 647
Same here. Can't say that I'm successful or experienced trader. It also took me some time before starting in trading (doesn't trade often though). I don't have a background in economics or finance, I just started reading online -- what is trading and how I can earn from it. There are lots of articles available where you can get ideas from. Since trading is a bit risky, I also started using small amounts, of course, because I don't want to lose all my earnings. I think if you get the idea already, it's better if you try it (small amounts will be a good start), for you to know how it really works.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
the basic lesson you will need to become a trader is you buy bitcoin in low rate and sell when the rate is up. that is the most important point. and its no problem if you did not have any skill of trading, because it can be learned by doing. first i knew bitcoin, i do not know what is bitcoin, how to get it, can bitcoin be trading? but after i read and read more info, i know that bitcoin can be trading, and the simple thing i do when i trading bitcoin is, i buy when its down and i sell when its up.

but thats is my experienced in 1 years ago, and now i am trying to make good trading, at least i want to increase my profit, in one day i want to get at least 0.01 btc because i am not yet reach that amount before.
legendary
Activity: 3472
Merit: 10611
i can't say i am successful or experienced exactly but i got where i am now by starting small and slowly since i had no idea what trading is and how should i even make an order.
i read a lot, and did a lot of trial and error to find the right way and become better at trading over time.

so just don't go all in at first like investing 10BTC and losing it all. you can even start with $1 and test the waters.
hero member
Activity: 1148
Merit: 500
I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?

I'm interested to hear people's stories.
You need to have knowledge in trading, not because you see some people who successes from trading doesnt mean you immitate them. You have to gain some knowledge and experience in able to be a successful in trading. Keep reading and searching what are the strategies that are useful for trading
legendary
Activity: 1750
Merit: 1115
Providing AI/ChatGpt Services - PM!
I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?
No,you don't necessary need to have a background in commerce to trade.In fact,all the big traders I have met are technically good and probably analyze the data with own strategies.It's the same data,different views.To start with,always go for a small amount and remove that "get rich soon" dialogue out of your head.While experience plays a vital role,taking right decisions while the ability to take risks is more important.If you start with small amounts you can get an idea how the system works and on what scenarios you're likely to lose money.So yeah,start with a few satohi's and as you're getting used to the system,invest more.Again.,don't be over confident.Stay upto date with the bitcoin related happenings parallely.
sr. member
Activity: 434
Merit: 250
Most of the people that I've seen post on the forums that know a lot about trading Bitcoin and Altcoins
already had a background in stock trading, etc.
(I'm talking about the people that are posting graphs, solid math and reasoning behind their claims,
not just some wild speculation about how BTC will be worth $10,000 by the end of 2017 with no proof)

Since Bitcoin is a currency I'm sure the basic principals of currency and stock trading apply.
hero member
Activity: 658
Merit: 500
You are a newbie at here and at trade also so the better suggestion for you is that don't go for trading now, spend some more time here and with traders and try to learn more about trading from the tutorial available on internet and when you get pure skills then go to trade, then you will earn the profit.
newbie
Activity: 42
Merit: 0
I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?

I'm interested to hear people's stories.
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