I like the info, and a lot of it is quite interesting to read.
A lot of it is common sense, like having experience in trading before you do actually start making profit. However, being gainfully employed seemed like news to me. But it is quite easy to understand why it is so.
I would like to ask how many people participated in total with this competition? If there is a large enough sample size even executing random trades can get at least 1 or 2 of the contestants similar results.
Topic: The best traders in the world – what they have in common - page 2. (Read 2224 times)
One thing I noticed to these successful traders is that they have a steady stream of income. Meaning, they are only trading what they can afford to lose making them ventures more risky environment while removing the risk along the way. Win or lose, they are able to continue with their life because of the finances coming outside the trading platform. This situation, without worries of getting bankrupt when they lose the trade, make them think brilliantly and see aspects in different point of view. Thus a result of being best trader in the world.
Sounds like you think trading as gambling. Well my view is what i can see from my teacher trader habbit, he's only trade when he know the trend movement, he's do a trading as a profession, which means he's can't afford any cents to lose, as much as possible avoiding lose history if the trend move to unexpected direction it's need to stop and do analyze again, for better profit.
Moreover trading does not means taking chances, it is taking initiatives and investing in some particular things. Like they buy a certain entity and just keep on buying its shares so the prices hike and once the price gets to a maximum value, they dump it.
I promised to give you an update on the result and identities of these mad geniuses. They’re really exceptional in that they even participated in another private contests, which consisted of 100 profitable traders, and they came out on top again. This happened in spite of the fact that the market conditions during the first contest was completely different than the market conditions during the second contest. So they have strategies that can survive all market conditions. I’m very happy for them.
For a reminder, these are the details of their recent performances:
The contestant who came first turned 2,500 USD into 1,433,480 USD (57,239.20%).
The contestant who came second turned 2,500 USD into 741,365 USD (29,554.60%).
The contestant who came third turned 2,500 USD into 713,076 USD (28,423.04%).
The top three traders are Andris D, a Latvian; Bogdan D, an American; and LD N, also an American. This is no surprise, Americans are among the most effective traders on this planet.
My friend, I don't think these guys are a valid reference to define the concept of "best trader of the world". It is well known that trading is not about seeing who can make a lot of money in a few days, it is more and endurance race where patience and persistence are essential, and I am convinced that the best traders are always defined in terms of long run and stable profitability.
This guy called the latest price with 100% accuracy.I now follow him for the best trading ideas and its free or can donate by the looks of it.
there is no 100% accuracy in speculation my friend unless you have a time machine.
and looking at his articles it is similar to anything else, i don't see anything special about his speculation in particular he said "price will move to the higher price range of $850 or drop down with a major Retractment" i wouldn't call this 100% accuracy i call it a cautious speculation in order to say "i was right" in the future.
but to be fair his stuff is not that bad either. it is better than most things i see.
the best traders are those who have started from zero and learned everything slowly with patience. and through this process learned that patience is the key to every successful trade they make. and in this patience you have to be fast too. it means waiting for the best moment and then act on it as fast as possible. I keep seeing novice traders who are patient and then when the moment arrives the decide to be more patient and it means losing the opportunity.
Patience and dedication would really be crucial when we are learning trading because these behavior and traits will really help or mold you to become a professional trader.Taking losses as a part of learning process symbolizes a good trait of a potential trader and regarding to those inspirational words in op,i could say to myself that someday I could able to do the same thing. 
the best traders are those who have started from zero and learned everything slowly with patience. and through this process learned that patience is the key to every successful trade they make. and in this patience you have to be fast too. it means waiting for the best moment and then act on it as fast as possible. I keep seeing novice traders who are patient and then when the moment arrives the decide to be more patient and it means losing the opportunity.
This is worth every seconds of my time in reading that. Thanks OP, I learned a lot from your post and i conclude that most of the best traders in the world got the experience that help them to be more successful because if you don't have that and you just focus on gaining knowledge without testing it then you might fall to losses. Other said that experience is the best teacher it gives you lesson every time you failed and it always teach you new strategies because of the past decisions that can be a basis on future better decisions. If you want to be the best of yourself then you should take the risk and learn from your failures and don't be afraid to get a lot of experience because it will make you a better version of you.
This thread is really motivational for me. I also learned to trade when I was an employee and I did not have excessive expectations about a potential success in trading. And when I started to realize that making money in this business was something really possible, I always keep a cold mind, a strong discipline and a solid money management, because as this text says, you need to make money not as a way to satisfy an excessive greed, but as a way to satisfy your professional expectation.
Taking a loss
Do not be greedy
Patience
Control your emotions
A good strategy
Do not be greedy
Patience
Control your emotions
A good strategy
Great traders are experienced, they have cool head and don't make decisions with the heart. They are not afraid to take the risk and even lose something to win even more next time. I beleive they also have some sixt sense for the market and then they make predictions. But they also need some luck too.
You are right.
They take the calculated risk and follow trading principles.
I see it from inside on my U2 system where it is possible to trade for free without deposit.
the best trader in the world is george soros
he is can control price
if you want succes you can learn history in trader soros, in early trade use low capital money
I respect Soros but according to me, Warren Buffett is the most intelligent person in the world. he is can control price
if you want succes you can learn history in trader soros, in early trade use low capital money
He has immense control and knowledge about shares market and if he backs a particular share then usually the price just hikes and hikes, so what I mean to say is that the best investors do not risk their money rather they know and hence invest in that asset. Its like you know a city is gonna develop a lot and hence you buy a property there.
Yeah basically you want to say that they do not depend on a single source of income and that is because if one stream of income encounters issues then they won't be in loss yet because they have other sources of income.
But the dark side of this is that it requires immense time consumption and you need to understand each business you invest very carefully.
But the dark side of this is that it requires immense time consumption and you need to understand each business you invest very carefully.
Great traders are experienced, they have cool head and don't make decisions with the heart. They are not afraid to take the risk and even lose something to win even more next time. I beleive they also have some sixt sense for the market and then they make predictions. But they also need some luck too.
the best trader in the world is george soros
he is can control price
if you want succes you can learn history in trader soros, in early trade use low capital money
he is can control price
if you want succes you can learn history in trader soros, in early trade use low capital money
Thanks for this information. Trading requires really
skills and knowledge. In order for you to success
we must know how to use our strategies in trading
an altcoin. This is contnious learning in doing so.
skills and knowledge. In order for you to success
we must know how to use our strategies in trading
an altcoin. This is contnious learning in doing so.
Thanks for this information and this is quiet an inspiring words specially to those people who wants to learn trading.I could really say that it would really require to learn trading for longer years and its not an easy thing because you will need to build up experience and strategies to be profitable.Its very true that some people are not interested into the word "trading" when they do have jobs.Just like on my situation i dont have a job but still i would really love to learn trading not just for last resort on making money but i do have really the dream of being a professional trader.
I don't think having Professional trading skills is a requirement that makes someone a professional trader You'll not be successful If you keep thinking you will never succeed. I believe even the most successful traders are not the most skillful . You can start now even without a trading experience & In the long run, I'm certain you'll pick up experiences as you go up the ladder
Trading is not easy but if you are doing research or staying in legit coins you can gain a good amount in trading.
Luck are for those who does not know what they are doing , that is in my opinion. So I agree that in order for a person to be successful in trading ventures, he must possess skills, patience, smart strategy and right information in order for him to predict the trade trend successfully. He must work hard and research thoroughly picking every bits of information to take advantage of it.
Thanks for this information and this is quiet an inspiring words specially to those people who wants to learn trading.I could really say that it would really require to learn trading for longer years and its not an easy thing because you will need to build up experience and strategies to be profitable.Its very true that some people are not interested into the word "trading" when they do have jobs.Just like on my situation i dont have a job but still i would really love to learn trading not just for last resort on making money but i do have really the dream of being a professional trader.
I don't think having Professional trading skills is a requirement that makes someone a professional trader You'll not be successful If you keep thinking you will never succeed. I believe even the most successful traders are not the most skillful . You can start now even without a trading experience & In the long run, I'm certain you'll pick up experiences as you go up the ladder
Trading is not easy but if you are doing research or staying in legit coins you can gain a good amount in trading.
Luck are for those who does not know what they are doing , that is in my opinion. So I agree that in order for a person to be successful in trading ventures, he must possess skills, patience, smart strategy and right information in order for him to predict the trade trend successfully. He must work hard and research thoroughly picking every bits of information to take advantage of it.
Thanks for this information and this is quiet an inspiring words specially to those people who wants to learn trading.I could really say that it would really require to learn trading for longer years and its not an easy thing because you will need to build up experience and strategies to be profitable.Its very true that some people are not interested into the word "trading" when they do have jobs.Just like on my situation i dont have a job but still i would really love to learn trading not just for last resort on making money but i do have really the dream of being a professional trader.
I don't think having Professional trading skills is a requirement that makes someone a professional trader You'll not be successful If you keep thinking you will never succeed. I believe even the most successful traders are not the most skillful . You can start now even without a trading experience & In the long run, I'm certain you'll pick up experiences as you go up the ladder
Trading is not easy but if you are doing research or staying in legit coins you can gain a good amount in trading.
Thanks for this information and this is quiet an inspiring words specially to those people who wants to learn trading.I could really say that it would really require to learn trading for longer years and its not an easy thing because you will need to build up experience and strategies to be profitable.Its very true that some people are not interested into the word "trading" when they do have jobs.Just like on my situation i dont have a job but still i would really love to learn trading not just for last resort on making money but i do have really the dream of being a professional trader.
I don't think having Professional trading skills is a requirement that makes someone a professional trader You'll not be successful If you keep thinking you will never succeed. I believe even the most successful traders are not the most skillful . You can start now even without a trading experience & In the long run, I'm certain you'll pick up experiences as you go up the ladder
The risk management and money management must be the common characteristics among best traders of different platforms. Because, managing them must be an essential part of successful trading regardless of whether we are trading in forex or in cryptocurrencies.
Interestingly these two characteristics are not possible just learning from book. Only possible with gaining experience so the best traders are experienced traders and it is easily achievable in any trading by showing professionalism.
Interestingly these two characteristics are not possible just learning from book. Only possible with gaining experience so the best traders are experienced traders and it is easily achievable in any trading by showing professionalism.
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