Topic: The Best Time to Become a Trader - page 18. (Read 28881 times)

Experience is a good teacher. How would you know that it will work on you if you don't take the risk? Becoming a trader means you have fully understand the basics, as you keep on moving you will learn everything about it that will mold you to get better.

You have a better chance if you combine both your knowledge and experience in trading, it would not be an easy journey but success is possible for those who dedicate their time mastering what they are doing. It's necessary to start as soon as you know the basics and you can do it here in crypto since trading is not expensive here and in fact even with a small amount of capital, you can grow that into substantial amount of money.

Once you are done studying with those course, you need to apply it and make sure that you will start with what you afford to lose.

Because there's no assurance in trading that you'll earn a lot from it and with your first try, you'll be fine.

However when you manage to become successful, just keep up the good work.

That's normal at first time yoy trade, you burn money to learn. However, you don't need to burn much to learn much. What you need to burn is such a little amount in order to ascertain what or how deos money losss occured in trading.

I agree. That is how supposed to learn in a currency. This is same as forex. You would burn such money for first as you need it to learn although there is a demo account, it is still different to play live account. With that lesson, it would guide you and can cause you to be a pro trader if you would want it and you can afford to take its risk.

every pro traders is start from zero knowledge and they increased their skills by practice and doing every time, beside that they learn some lesson to help them to make profit. but they are not always gets profit, i think there will be a time that they getting loss, but they can learn with their mistake so in future they can avoid it and they can do with carefully in trading.

I think he is asking when is the 'best time' and not on 'how to become trader'. If you ask me, as well as the market is moving then it is good time to become a trader because the market is active and that is only what you need to become a trader and you just need some time in studying and learning the basics before going full time or investing a large amount of money.

Before you become a good traders, it will surely takes time for you to become like that. Its start from the basic of course! first, you know to yourself of how much you are willing to lose in trading, second you must in which coins you are going to trade it. And then You must know how to use a technical analysis while doing trade in the exchanges sites. Then after applying it, that's the time for you to start in trading.

I'm just starting on my trading journey, doing a course on financial trading at the moment to learn the basics and i really enjoy it.

Yes, there will be no seasonal or auspicious timing involved for becoming trader but we just need to get ready to tackle the trading strategies towards making profits out of it. Until gaining knowledge, the best time will never come into our door step so that we could get into trading.

At the same time there will be no meaning of rushing for it. We must take time to learn required skills for trading and the best time will arrive on its own time.

In my assessment, there is no time or best time for to become a trader, because as long as you are decided to know more about in trading and you are willing or ready to lose what you can afford, then I think its for you to make a decision to apply it actual in the exchange platform, just make sure you choose the trusted trading platform where you gonna do your trade in the exchange sites.

Thanks for elaborating this in such a understandable way even i was about to advise the same especially those amateur investors who invest only with one thought in mind that buy when it is low and sell when it is high but unfortunately it's not a fairy-tale and it does not work that way in order to have big gains we might have to go through initial loss or downfall but the best way as you have suggested is start with bare minimum then make a good capital out of it.

True.  Due to Bitcoin's mixed use I would consider it a kind of gateway investment - people often buy it with the intention of earning but are still likely to spend it and use it for other purposes, which is great - amateurs can get involved and find out how these things work, even trying it out with small amounts as in many ways it's very convenient.

The problem is that by suggesting that this is the best time to become a trader, it suggests that there could be a worst time to be a trader, and arguing that it's a bad time can just be an excuse for not bothering to find out more and get involved, which I believe Bitcoin can help you do.

While there are worse and better times to trade overall due to economic factors, there will always be a good investment to make - all you have to do is find it, and taking part and experimenting with small amounts will help people so much to understand how to get involved.

I do think that occasionally we see a kind of subconscious arrogance among less experienced investors who believe that they can "buy low, sell high".  What they don't realise is that not everyone can win and trading is never obvious because you can't just hold something forever in most cases - there will be drops and sometimes, if you're trading properly, you're going to have to lose money for individual trades.  Holding for too long can often hurt people's profits as well and trading is not an easy thing to do.

I would suggest that people who get involved need to avoid spending too much money to start off with and get to grips with the specific trade and with other business people before starting on any kind of semi-professional or professional level.

The best time to become a trader is anytime as long you are interested to engage with it but it's not easy as it sounds since you will surely encounter unpredictable prices in the market which is the most difficult part on trading,we do really lose up on first time but gradually we do really learn up.

It is always a good time to start learning about trading, you can go and find some virtual trading sites that allow you to trade with fake money just to get the hang of things and when you think you have got it you can start trading with real money, but if you want to get profit right away without any experience then you will lose all your money.

For me, the best time to become a trader is when you have enough learnings about trading. Trading is not just easy because it is risky anytime you will loss your money that you trade. Trade only enough that you can afford to lose to prevent regret. So that you will need to have enough experience and reputation on trading just by searching to start.

I agree with you. Trading does involve risks and we are not going to earn anything without risks. We can make predictions based on the news and how people are being manipulated to buying or selling the coins. That can give you an edge and make most of your predictions correct.

The best time to become a trader is when you are confident about your abilities and have learnt how to earn from it. It will not happen as soon as you enter the market but with practice.

Meaning all of our trading related things like active funds on trade, funds on hand, monitoring and anything else. To answer the question, different traders have different ways to track their trading portfolio. Some are using a real time price monitoring application whether for desktop or mobile. Others also using track alerts like alarm so that they can able to notify with the price even they are doing other things or outside of the trading world.


And that wrong prediction is the one who makes a trader improved their analysis in their future trades. Just make sure that while on process, a trader minimize it's wrong prediction stats.

Its a fact and very true words those " every day you learn with trading " and this is what makes a trader from amateur to pro trader. I think trading just does not means that we make the best of decisions and we earn the most.

Trading means knowing everything about the market and even if you make a prediction wrong does not mean that you are bad at trading, if you calculated right thats fine just you were unlucky. Certainly the best time to become a trader is when you have no jobs and you have a hunger to earn !

You can keep track of the ongoing trades and prices in a excel spreadsheet. Then everyday so you trade enter it into the spreadsheet and calculate net profits or loss. That way you can keep track of your trades, their earnings - performance if you say it that way.

You can get your yearly earnings from trading from there and brag about it But in general it is a good idea to keep a record of holdings and trades in one place.