Tips for good trading - page 7. | Bitcointalksearch.org

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Quote from: Luzin on March 21, 2022, 10:55:21 AM

Quote from: tbterryboy on March 21, 2022, 10:31:33 AM

Learning how to trade already takes more time but how much more if becoming an expert with it?
Pretty sure it can take ages because trading is too complex. You need to learn different things for you to master it.

It's possible, but I don't think it will be long even if it takes time. I think 3 months is enough to understand even if it is limited to trading basics. Learning to trade will never run out, but if you continue to do with hands-on practice it will be better, theory alone is not enough for trading. The change of the trading market is also very fast, traders must always follow it to continue to survive and make profits.

that's right. in 3 months, I think, you already know how the system and the basics of doing trading. however, to improve the strategy that you have, it has no time limit, because we will continue to study the aspects that make prices go up and down, and adapt it to the strategy we have.
However, the best tip in this case is to always pay attention to the development of each asset you have, from how it is used, the development of the project, and how it is needed. continuing to do research all the time and moving based on the considerations of the results of the research you do can make you a good trader. some people out there just move on by the hype, and follow in the footsteps of others.

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Quote from: Luzin on March 21, 2022, 10:55:21 AM

Quote from: tbterryboy on March 21, 2022, 10:31:33 AM

Learning how to trade already takes more time but how much more if becoming an expert with it?
Pretty sure it can take ages because trading is too complex. You need to learn different things for you to master it.

It's possible, but I don't think it will be long even if it takes time. I think 3 months is enough to understand even if it is limited to trading basics. Learning to trade will never run out, but if you continue to do with hands-on practice it will be better, theory alone is not enough for trading. The change of the trading market is also very fast, traders must always follow it to continue to survive and make profits.

Being updated will allow you to explore more, there are many influences learning the basic will give you a good glimpse of what market you are into, there are many factors to consider theory alone is not enough but a continuous trading practices will allow you to be better from each time you participate inside the market.

A good trader always open with updates and adjustments, it's a combination of your skills and your knowledge to work with many active and experienced traders who also have the same goal of succeeding inside the business.

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Quote from: tbterryboy on March 21, 2022, 10:31:33 AM

Learning how to trade already takes more time but how much more if becoming an expert with it?
Pretty sure it can take ages because trading is too complex. You need to learn different things for you to master it.

It's possible, but I don't think it will be long even if it takes time. I think 3 months is enough to understand even if it is limited to trading basics. Learning to trade will never run out, but if you continue to do with hands-on practice it will be better, theory alone is not enough for trading. The change of the trading market is also very fast, traders must always follow it to continue to survive and make profits.

tbterryboy

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To become expert traders, of course it takes time, sometimes we have to dare to experiment even though sometimes what we buy turns out to be wrong, I think the best thing and the basis for becoming expert traders is to understand various technical analysis, because trends and events are always repeated so by understanding technical analysis we can make the best decision.

Learning how to trade already takes more time but how much more if becoming an expert with it?
Pretty sure it can take ages because trading is too complex. You need to learn different things for you to master it.

Experimenting is a part of the process of becoming a pro in trading so don't be afraid if you think you bought a wrong coin or if you bought the coin at a wrong time because that can also be a part of experimenting.

History can repeat itself but not all the time so don't be disappointed if you think you did your best but still fail and lose. What op shared looks basic but it can serve as a reminder because there are traders that eventually change their attitude when they think are now better at it.

rby

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Many atimes people present different ways to be successful in different fields but when everyone follows the tips only small number of people will be successful, even if others do exactly the same thing that was recommended. This made me to understand and believe that the best tip, the best method and the best strategy is the one you developed by yourself over time at the course of experience and hardworking.
If one desires to be a good trader, he must first and foremost develop a system or strategy that works for him. If you base on the strategy of others, it may fail you woefully.
Even the most experienced trader will lose on a bad day, it is recommended that you should be patient, you shouldn't be greedy and finally trade with what you can afford to lose. No trying of luck, ensure that you know what you are doing before you do.

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Quote from: safari88 on March 17, 2022, 10:01:23 AM

I see many traders especially newbie which are frustrated and blaming trading because they lose a lot of money and that's one of their mistakes they are too aggressive to trade and they mostly go directly to futures trading. What I do suggest is invest a small amount and practice trading with lower amount of money instead of aggressively trade with leverage.

Nothing new and the same much with gambling for some. While in trading, they're really looking for someone to blame but they can't blame themselves.
It's true that they're too aggressive and just go through futures trading quickly without even trying to understand what type of trade they're getting in for.

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Quote from: King0 on March 06, 2022, 12:03:46 PM

I think if you want to be a good trader then you must take training first then after training you will be able to train well with any cryptocurrency from which you will get a good profit in future and instantly you can get some profit. We need to learn how to trade from a good trainer so that we can understand how to trade well.

Most people are busy with offline work and think that online trading and crypto trading as a side income, I think this is reasonable and I think it's always best to do or trade directly even if it's for a small value, we understand better if we practice directly.

Regardless of how busy you are, you still have time to read and gain some knowledge about trading. Set aside an hour or so each day to do so. In this field, you never stop learning new things because you will always be required to learn new strategies that will work for you. In fact, the majority of traders today are still reading and learning in order to gain more knowledge and improve their strategies. Experience will also be your ally in this endeavor because you will become accustomed to it, much in the same way that you will know what will happen because you will be able to read the chart based on previous events.

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Quote

Most people are busy with offline work and think that online trading and crypto trading as a side income, I think this is reasonable and I think it's always best to do or trade directly even if it's for a small value, we understand better if we practice directly.

Yes i am also trade only as a side income because of busy with families and education. I think trading on top gainers coin In binance is best to get some short term ptofit.
If someone start with small investing , i hope will learn to do scalping in one day.

safari88

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I see many traders especially newbie which are frustrated and blaming trading because they lose a lot of money and that's one of their mistakes they are too aggressive to trade and they mostly go directly to futures trading. What I do suggest is invest a small amount and practice trading with lower amount of money instead of aggressively trade with leverage.

tbterryboy

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Quote from: Anguwa on March 09, 2022, 10:04:03 AM

If practically all traders can follow the above-mentioned advice, I believe it would be beneficial since traders will know exactly what they are doing and what they can anticipate in terms of profit. Traders will also be aware of when to sell and when to purchase. Most traders are held back by greed; they can't afford to take a small profit and walk away, so instead of waiting for more, they end up losing practically all of their profits.
These suggestions are quite useful, and I am confident that they will effectively lead and assist novice traders.

Those are the very basics of trading. Yes someone extremely new to trading must know Risk, Budget, Greed & Mistakes but these all are the psychological side of trading. The real tips are learning about how to analyse projects if you are investing in altcoins. Learning about TA (technical analysis) because no matter how good you are at fundamentals, you will need some technical knowledge as well on when and how to trade your assets.

The best advice I would give to any trader who is starting is to open a demo account, consider the amount there as your own and be serious about it, trade and learn. Once you feel confident enough start trading with real money. The key here is to consider the demo account as your own funds, if you consider then free money, it's more gambling than trading.

AYYASH

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You really shared some awesome tips.But I think you can add some more tips.
In my point of view I have different tips for short term and long term traders.

For Short Term Traders: They have to be a good technical analyst.And they should trade following the market hype.And must use stop loss in every single trade.

For Long Term Traders: They should have knowledge about projects.And should obverse a crypto before investing on it.
And must have patience till the pump.
So if someone can follow these rules too I hope they will make some good profits in trading.

smartaction

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Quote from: Alucard1 on May 17, 2020, 03:13:26 AM

..........

Here you have good information which will be useful for both Newbie and regular trader. I believe that it is better to do your own research while trading. But in this case, if someone has instructions, then it is better. I didn't see anything new in your post even so, it would be helpful for newbies.

rby

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Do not be greedy:-
If you are greedy, it will make you to trade with all your money and be hoping to win it all big. And the opposite might happen to you and it becomes a problem.
If you are greedy it will make you to trade with very high leverage and when the market moves against you, your money will vanish.
If you are greedy, it will make you not to know when you have made a good profit and leave the market until the market goes against you.
It is very very dangerous to be greedy in trading.

shawon01

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If your gain from a mistake is not in fact justified because you lost your boat from it here it may be you don't cry it is not a good thing to do it don't let your life be lost how far from you you can't Yet when you meet this kind of person we form an assembly and have an effective exchange from that place we at least open and

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Quote from: Alucard1 on May 17, 2020, 03:13:26 AM

1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money.
2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable.
3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE.
4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes.

If practically all traders can follow the above-mentioned advice, I believe it would be beneficial since traders will know exactly what they are doing and what they can anticipate in terms of profit. Traders will also be aware of when to sell and when to purchase. Most traders are held back by greed; they can't afford to take a small profit and walk away, so instead of waiting for more, they end up losing practically all of their profits.
These suggestions are quite useful, and I am confident that they will effectively lead and assist novice traders.

Hamphser

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Quote from: Jazzi Mahesh on March 08, 2022, 03:19:02 PM

You must go for Forex Trading, though it is quite hard from the being the robot.

Forex Trading is no different when it comes to risk and being hard to sustain although volatility would really be the main thing on what differs them but it wouldnt really be giving out any assurances
that you could really be successful thats why it would really still vary nor depend on a particular trader on how he would handle himself on such conditions.
Tips for good trading?
1. Stick with basics
2. Dont be greedy
3. Good control of emotion

These are only the basic things which you do need to bare out and the rest would
be get through real experience.

Jazzi Mahesh

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You must go for Forex Trading, though it is quite hard from the being the robot.

carlisle1

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Quote from: Inspiron14 on March 07, 2022, 12:38:53 AM

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There is so much to learn in life from cryptocurrency trading platforms. There are many tips that will help you to avoid such losses.There are many people who face huge losses due to lack of knowledge of cryptocurrency.To do cryptocurrency trading you need to do adequate analysis. You need to analyze the instant market.And you can't invest a hefty amount when the market is down so you can handle yourself.And do a good analysis of the few coins that you will trade with.

In trading indeed doing analysis is important and has a big role in the profits you will get,
besides doing research is also important before deciding to buy coins,
lots of good coins and do some research then choose the one you think has good potential

Sorting assets to invest your money is very important, never to just blindly buy coin without doing research and analysis.

It's not gambling that you are just relying with luck, but more on doing your job studying the market. If you properly analyze

the market the chance of earning huge is possible. Think wisely while working into this industry, there are many obstacle that

you needed to overcome before you succeed.

Inspiron14

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Quote from: ?? on ??

There is so much to learn in life from cryptocurrency trading platforms. There are many tips that will help you to avoid such losses.There are many people who face huge losses due to lack of knowledge of cryptocurrency.To do cryptocurrency trading you need to do adequate analysis. You need to analyze the instant market.And you can't invest a hefty amount when the market is down so you can handle yourself.And do a good analysis of the few coins that you will trade with.

In trading indeed doing analysis is important and has a big role in the profits you will get,
besides doing research is also important before deciding to buy coins,
lots of good coins and do some research then choose the one you think has good potential

shawon01

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You have a lot of risk when you start new trades. Most of the time those who are new here have a lot of risks. Most of them are involved in trading. Can understand and understand that most of the time after losing money he gives up the rudder.

Topic: Tips for good trading - page 7. (Read 3239 times)