Do you mean advisors? I do not use any advisors because they are unprofitable.
There is only one way to become a good trader. I hope you have already taken a guess that I mean. Of course you must trade to become a good trader and there are no any ways, just only a practics.
But I would recommend to choose an investor career because it is much easier and profitable on long run.
Topic: Suggestion for trading - page 18. (Read 3337 times)
Learn how to interpret price actions in congruence with some but not too many indicators such as moving averages, RSI, Fibonacci, etc. Then test what you know using a virtual trading platform, so you won't use real money. After mastering your craft and you already have a solid system backtested in virtual trading, load up a small live account, try to grow and consistently profit using that small capital first. Once you know your niche in trading already and you know your numbers (i.e., win rate ratio and percentage of winning vs losing trades, you can now then gradually increase your trading capital. In this game, you first have to survive and protect your capital, the money will follow if you have developed the right process and mindset. "To win the game, you have to stay in the game"
I think money management always can be the key to get profit from trading. It's mean you can control yourself with decide how much to sell and decide to cut loss your profit when price going fall. You also need to care about trend and issue of crypto world, it's can be fundamental analizy. You also need to learn how to waching coin movement to make best decide of trading.
To be a good trader,you need 100% Patience in the red days.In a week,nearly four days will be red and three day will be green.In such situations, you should not do panic selling. If you have hundred percentage patience and zero percentage panic selling, you will became best trader.
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
I would say that even if you are going to make a mistake that you do in trading activities I think it is a very natural thing if you want to start trading activities. because of a mistake that you do of course you will know by itself about things that should not be done for later on. it is some positive things that you will get from mistakes that you may do in trading activities and personally I would advise you that in doing trading course you will face the risk of loss if you are wrong in choosing a good potential coin so suggestions I am starting a trading activity that you will do with a number that is not too large so you can minimize the losses you might get. next is of course you should not give up with any risk in terms of trading because I am sure the longer you will become a great trader if you continue to do so without any surrender. and what need to learn for be a good trader ?
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
You can see that the market has been fluctuating continuously over the years and it is hard to predict, bitcoin prices are constantly adjusting in recent days and this has caused altcoin not recovered soon. According to my analysis, the bitcoin price may fall to $ 7600 then increase long term, so you can wait until then to buy Bitcoin. and what need to learn for be a good trader ?
Try trading without using real money, use notes. if you understand what I mean.
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
That will never happen. If you are a newbie trader, you must put into your mind that you cannot avoid mistakes because you are a newbie and newbies doesn't know anything about trading. and what need to learn for be a good trader ?
If you want to lessen your risk, maybe do the 3R or the Risk - Reward Ratio. What is that?? Google is there for you take time to do some research in it. You need to learn how to use indicators, how to read candlesticks and how to do some TA and you need some discipline.
A good trader is a trader who risks as little of his own money as possible.
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
and what need to learn for be a good trader ?
better avoid to buy coins when price or market is green, stop trapped on FOMO, because it can make you in loss, this time is also pretty good for, btc try to rebound
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
Always think twice or thrice before investing, Assure that you are not going to be trapped in a scam, Dnt be overconfident when you get good profit and simultaneously Dnt get nervous when you are going in loss, Just be patient. These are the qualities of a good trader. and what need to learn for be a good trader ?
to be a good trader is by the way we can control our emotions and the panic that is in us. in addition we also need to get a lot of information about the market and can do personal research on certain Coin.
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
and what need to learn for be a good trader ?
When it comes to the crypto currency trading then you just need to know few things :
1) You need to have best portfolio.
2) You should know when to buy and when to sell them.
3) Crypto trading can drive you crazy with its volatility so you dont have to get yourself crazy about it!
4) You need lot of patience many times and sometimes you can just grab quick profits.
5) Dont repeat your mistake.
thank you good things to know ... number 4 are the best many times i loos because i am not patience .
If you have good money management that will help you to minimize your risk when trading. Don't greedy when you want to take profit, that will make you regret when reached ATH and you still holding. That's most important key to trade.
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
and what need to learn for be a good trader ?
As always, you have to learn money management, trading with stop loss, risk what you can afford to lose and patience either to monitor the market and not to jump into trade etc.
The main thing, that you need to be sure, that you can control your feeling when the price is decreasing because there are still chance that the price can recover back in the future. Crypto price and market demand is difficult to speculate that even experienced traders lose money in trading. You must learn from your mistake and trust your judgement when you trade or invest.
If you have learned and understood the basic foundations of trading science then there is nothing you should look for other references to understand it again. Your biggest mistake is yourself, you can learn from experiences that have made you lose money. The most important factor being a trader is your emotional, the theory is only limited to the introduction.
My advice is to be yourself not to be fooled by others who will make yourself frustrated,don't be afraid to lose cause all traders have felt it and always follow the trend see where he is placed.
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
and what need to learn for be a good trader ?
When it comes to the crypto currency trading then you just need to know few things :
1) You need to have best portfolio.
2) You should know when to buy and when to sell them.
3) Crypto trading can drive you crazy with its volatility so you dont have to get yourself crazy about it!
4) You need lot of patience many times and sometimes you can just grab quick profits.
5) Dont repeat your mistake.
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
I am a beginner trader, I think if you want to take a less risk is to set a small percentage in every increase in the coin you buy, at least 1-2%, then if the coin you buy decreased (decrease caused by no no news or good development) then it is better to cutlose. Avoid mistakes trading is patience, I conclude patience because the location of trader's mistake is to act with a hurry or quickly carried away with situation of market, so that he make the mistake. and what need to learn for be a good trader ?
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