Reasons for traders to look at! - page 4.

Amel

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Quote from: TitanGEL on January 02, 2020, 10:31:54 PM

Quote from: Coin_trader on January 02, 2020, 10:22:44 PM

Partly disagree. Learning in any form of material is not a waste of time even if you can't fully utilize it. I agree that books alone are not enough to study trading.
In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching
tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO.

Books alone is not enough but still we can learn a lot of knowledge in books. I have different sources of information about trading and it is books, articles, blogs, youtube videos and specially this forum. One source of knowledge is not good, we should have different sources of knowledge in order for us to become intelligent trader. I often read books and there are a lot of trading setups that I learned and for me it is effective to use.

Books are important but without a teacher, it will be more difficult. Sometimes we often get lost in learning, well that's because without guidance, learning with videos, books, etc. will surely encounter many problems in understanding, therefore we need people who are able to guide in learning as well as the existence of this forum that can help all members in learning about bitcoin.

TitanGEL

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Quote from: Coin_trader on January 02, 2020, 10:22:44 PM

Quote from: dunfida on January 02, 2020, 10:16:56 PM

Quote from: drachman on January 02, 2020, 09:51:20 PM

Quote from: avatar_kiyoshi on December 28, 2019, 09:58:59 AM

Quote from: samcrypto on December 27, 2019, 06:56:09 PM

There’s a big difference on learning how to trade and applying all of it, some trader make effort on reading books but still don’t know how to apply it. Your determination to become a trader also matters, there’s a lot of failed trades but if you do have a good foundation then you will keep on trading. Traders must look on everything, the money on this market moves very fast and you also have to execute very fast with a lot of research.

Exactly true that reading some books or follow some tutorial is not enough, all of that must be accompanied by continuous training, it's better if you have an expert mentor.

For fast execution I think it will work for arbitrage strategy and some people use bot to execute the market. Fast execution is a worse decision for any type of trading strategy other than arbitrage.

While having a mentor is the ideal very few people have available a friend that knows how to trade and can help them in their journey, but that is not really a problem some of the best traders in the world learned how to trade by themselves without any help, just make sure not only that you read a few books about the subject but that you put in practice the principles that you learn from it, otherwise you are just wasting your time and your money by buying those books.

Buying books or any other reference would really be a waste if you dont know on how to utilize it.Im a kind of trader which do make learning on my own.
Yes, i have tried to follow someones trading style but ending up not so well.Therefore,i decided to go solo and just getting information and analysis on the net
where i do study it out and apply it with my own trading behavior.These things cant really be learned overtime which most people do wrongly anticipated.

Partly disagree. Learning in any form of material is not a waste of time even if you can't fully utilize it. I agree that books alone are not enough to study trading.
In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching
tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO.

Books alone is not enough but still we can learn a lot of knowledge in books. I have different sources of information about trading and it is books, articles, blogs, youtube videos and specially this forum. One source of knowledge is not good, we should have different sources of knowledge in order for us to become intelligent trader. I often read books and there are a lot of trading setups that I learned and for me it is effective to use.

Coin_trader

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Quote from: dunfida on January 02, 2020, 10:16:56 PM

Quote from: drachman on January 02, 2020, 09:51:20 PM

Quote from: avatar_kiyoshi on December 28, 2019, 09:58:59 AM

Quote from: samcrypto on December 27, 2019, 06:56:09 PM

There’s a big difference on learning how to trade and applying all of it, some trader make effort on reading books but still don’t know how to apply it. Your determination to become a trader also matters, there’s a lot of failed trades but if you do have a good foundation then you will keep on trading. Traders must look on everything, the money on this market moves very fast and you also have to execute very fast with a lot of research.

Exactly true that reading some books or follow some tutorial is not enough, all of that must be accompanied by continuous training, it's better if you have an expert mentor.

For fast execution I think it will work for arbitrage strategy and some people use bot to execute the market. Fast execution is a worse decision for any type of trading strategy other than arbitrage.

While having a mentor is the ideal very few people have available a friend that knows how to trade and can help them in their journey, but that is not really a problem some of the best traders in the world learned how to trade by themselves without any help, just make sure not only that you read a few books about the subject but that you put in practice the principles that you learn from it, otherwise you are just wasting your time and your money by buying those books.

Buying books or any other reference would really be a waste if you dont know on how to utilize it.Im a kind of trader which do make learning on my own.
Yes, i have tried to follow someones trading style but ending up not so well.Therefore,i decided to go solo and just getting information and analysis on the net
where i do study it out and apply it with my own trading behavior.These things cant really be learned overtime which most people do wrongly anticipated.

Partly disagree. Learning in any form of material is not a waste of time even if you can't fully utilize it. I agree that books alone are not enough to study trading.
In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching
tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO.

dunfida

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Quote from: drachman on January 02, 2020, 09:51:20 PM

Quote from: avatar_kiyoshi on December 28, 2019, 09:58:59 AM

Quote from: samcrypto on December 27, 2019, 06:56:09 PM

There’s a big difference on learning how to trade and applying all of it, some trader make effort on reading books but still don’t know how to apply it. Your determination to become a trader also matters, there’s a lot of failed trades but if you do have a good foundation then you will keep on trading. Traders must look on everything, the money on this market moves very fast and you also have to execute very fast with a lot of research.

Exactly true that reading some books or follow some tutorial is not enough, all of that must be accompanied by continuous training, it's better if you have an expert mentor.

For fast execution I think it will work for arbitrage strategy and some people use bot to execute the market. Fast execution is a worse decision for any type of trading strategy other than arbitrage.

While having a mentor is the ideal very few people have available a friend that knows how to trade and can help them in their journey, but that is not really a problem some of the best traders in the world learned how to trade by themselves without any help, just make sure not only that you read a few books about the subject but that you put in practice the principles that you learn from it, otherwise you are just wasting your time and your money by buying those books.

Buying books or any other reference would really be a waste if you dont know on how to utilize it.Im a kind of trader which do make learning on my own.
Yes, i have tried to follow someones trading style but ending up not so well.Therefore,i decided to go solo and just getting information and analysis on the net
where i do study it out and apply it with my own trading behavior.These things cant really be learned overtime which most people do wrongly anticipated.

drachman

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Activity: 756

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Quote from: avatar_kiyoshi on December 28, 2019, 09:58:59 AM

Quote from: samcrypto on December 27, 2019, 06:56:09 PM

There’s a big difference on learning how to trade and applying all of it, some trader make effort on reading books but still don’t know how to apply it. Your determination to become a trader also matters, there’s a lot of failed trades but if you do have a good foundation then you will keep on trading. Traders must look on everything, the money on this market moves very fast and you also have to execute very fast with a lot of research.

Exactly true that reading some books or follow some tutorial is not enough, all of that must be accompanied by continuous training, it's better if you have an expert mentor.

For fast execution I think it will work for arbitrage strategy and some people use bot to execute the market. Fast execution is a worse decision for any type of trading strategy other than arbitrage.

While having a mentor is the ideal very few people have available a friend that knows how to trade and can help them in their journey, but that is not really a problem some of the best traders in the world learned how to trade by themselves without any help, just make sure not only that you read a few books about the subject but that you put in practice the principles that you learn from it, otherwise you are just wasting your time and your money by buying those books.

Hamphser

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Quote from: pundit on December 28, 2019, 10:50:39 AM

Its easy to narrate or study trading rules but very hard to follow. I have personally experienced it. I do not know whether anyone else has the same problem as of mine. I am trading forex since 2011 and know most of the rules to be a good trader but still whenever I start trading I lose control over it and take high risked position resulting a big dd or losing my account. It is better if someone remains stick to rules whatever he decided else it is better to sit aside.

Sticking to the same rules is a lot more helpful than risking to go against it which would sometimes burn your capital. But those new strategies that we want to try should be practiced first in a none risky field when trading. It would take a lot of time to completely master it at least a single strategy.

pundit

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Its easy to narrate or study trading rules but very hard to follow. I have personally experienced it. I do not know whether anyone else has the same problem as of mine. I am trading forex since 2011 and know most of the rules to be a good trader but still whenever I start trading I lose control over it and take high risked position resulting a big dd or losing my account. It is better if someone remains stick to rules whatever he decided else it is better to sit aside.

avatar_kiyoshi

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Quote from: samcrypto on December 27, 2019, 06:56:09 PM

There’s a big difference on learning how to trade and applying all of it, some trader make effort on reading books but still don’t know how to apply it. Your determination to become a trader also matters, there’s a lot of failed trades but if you do have a good foundation then you will keep on trading. Traders must look on everything, the money on this market moves very fast and you also have to execute very fast with a lot of research.

Exactly true that reading some books or follow some tutorial is not enough, all of that must be accompanied by continuous training, it's better if you have an expert mentor.

For fast execution I think it will work for arbitrage strategy and some people use bot to execute the market. Fast execution is a worse decision for any type of trading strategy other than arbitrage.

Asmonist

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Activity: 756

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Personally, I'm not really so active in trading. But base on my experience, trading really needs a lot of patience and perseverance. I'm trying to return to trading as soon as I'm recovered from my previous trading wherein it turn out to be no returns at all even the capital. I also learn that it really needs time and effort for it because on my case I've been confident to let it stay for long without knowing that the said trading site will already close. And unfortunately, I read the notice after due date.

Amel

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Quote from: samcrypto on December 27, 2019, 06:56:09 PM

There’s a big difference on learning how to trade and applying all of it, some trader make effort on reading books but still don’t know how to apply it. Your determination to become a trader also matters, there’s a lot of failed trades but if you do have a good foundation then you will keep on trading. Traders must look on everything, the money on this market moves very fast and you also have to execute very fast with a lot of research.

Actually it is not a matter of how fast the market moves and how fast we execute it but the most important thing is, how precisely we execute the market. Executing too fast in my opinion is a reckless act, even though it has been done with thorough research. But basically, everyone does the execution with thorough research but they just lack patience.

SoeNan89

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Quote from: drachman on December 27, 2019, 10:23:19 PM

Quote from: acdc on December 24, 2019, 12:25:20 PM

I think the most important thing to become a trader is to control your emotions. Many new traders often let their emotions overwhelm and they often make the wrong decisions. If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.

While controlling your emotions is important to me that is the last step, after all to let your emotions affect your trading then you need to already be trading and that should not be possible until you get all the necessary skills to engage in the activity, so only after you have mastered all other aspects of trading you should worry about controlling your emotions, still it is a very important step because if you do not then nothing you have learned before will matter if you sell your coins if you panic.

Controlling emotions is difficult if we are in a Bearish situation which causes the value of our assets drop dramatically. I agree Controlling emotions is the most important thing in the world of trading. Without good emotional control, you will often experience losses.

alexsandria

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Confidence fuels greed to overtake the right action you must do when you trade. Confidence isn't good all the time especially when it turns out to be too much, that literally you wanna risk the all of money left and you. Which is bad because greed plays you because your over confidence starts to triggered it. Numbers 2 and 3 are basically a necessity which a trader need to comply, otherwise you won't be able to start, and at the same time won't be able to have some decent trading.

maydna

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Quote from: FinalFury on December 27, 2019, 11:56:25 AM

I'm a noob, but is it possible for everyone to make a profit, or must there always be losers?

There are always traders who get profit and loss, and that depends on how they can choose the coin and how they analyze that coin. Everyone can make a profit, as long as you can analyze with the right, I am sure that you can be able to make a profit. If you are not giving up on trading, I am sure that you can be a professional trader so you can make a big profit. But my advice is you should not be greedy for chasing the profit because that can make you lose the opportunity to make a profit.

drachman

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Quote from: acdc on December 24, 2019, 12:25:20 PM

I think the most important thing to become a trader is to control your emotions. Many new traders often let their emotions overwhelm and they often make the wrong decisions. If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.

While controlling your emotions is important to me that is the last step, after all to let your emotions affect your trading then you need to already be trading and that should not be possible until you get all the necessary skills to engage in the activity, so only after you have mastered all other aspects of trading you should worry about controlling your emotions, still it is a very important step because if you do not then nothing you have learned before will matter if you sell your coins if you panic.

Blitzboy

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Quote from: Danumsigwasan on December 24, 2019, 10:28:00 AM

When we talk about trading whether it’s Forex or Crypto, there are some very common reasons why people tend to struggle.

So that’s take a quick look at what those reasons could possibly be at https://www.qatarday.com/blog/information/4-reasons-why-youre-not-making-money-with-your-forex-trades/69233

Although, this is not going to turn you into a professional overnight, but strictly following these are ways you could begin the long journey to the destination you want to reach.

Not new issues, most traders are aware of this problem. But compliance is almost impossible, there are many reasons why influence us to change decisions. All we know it is good to follow, but sometimes, a small chance to get small profit makes our decisions shaky. That is the difference between theory and practice

Xxmodded

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Quote from: nicolas1979 on December 27, 2019, 08:09:23 PM

People will keep trying to get profit in crypto world whatever strategy they use, money always become the final goal. Not enough preparation, no friend to sharing knowledge and too optimist become the main factor they always fail. What I mention is out side the general reason, such as greedy, fear and not discipline just like the articles. I more focus in out side problems because they can change my action in the middle of running strategy, this is fatal. This situation is normal but I hope we can learn from our mistakes and repeat that again.

Many beginner can get much profit with crypto investment without implementation what have they use and teach in telegram channel discussing about how to trade with bitcoin and altcoin, every one have their way how to be worth with trading and investing in bitcoin and altcoin, lets give space for them although what ever way use but can get much profit later.

christian07

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In trading you need a lot of patience because you need to hold it for long or unfortunately until it gone then if your newbie only start with very cheap capital like invest that in different cryptocurrency then study that while you do it after you know already or you think that your excel in your trading strategy then try to invest more

Janation

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This is so accurate.

I've been in these situations a lot and some of them are srill in my habits especially overtrading and sometimes adjusting with the market changes. It is true that I've been here for years but the market price is so volatile it is just hard to adjust to it. I can't be greedy that much since I know it would destroy me and I can't invest that much because I know I need to lessen the risk I am taking.

nicolas1979

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People will keep trying to get profit in crypto world whatever strategy they use, money always become the final goal. Not enough preparation, no friend to sharing knowledge and too optimist become the main factor they always fail. What I mention is out side the general reason, such as greedy, fear and not discipline just like the articles. I more focus in out side problems because they can change my action in the middle of running strategy, this is fatal. This situation is normal but I hope we can learn from our mistakes and repeat that again.

samcrypto

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There’s a big difference on learning how to trade and applying all of it, some trader make effort on reading books but still don’t know how to apply it. Your determination to become a trader also matters, there’s a lot of failed trades but if you do have a good foundation then you will keep on trading. Traders must look on everything, the money on this market moves very fast and you also have to execute very fast with a lot of research.

Topic: Reasons for traders to look at! - page 4. (Read 1220 times)