Topic: Traders need to learn - page 3. (Read 827 times)

I agree but it is all connected. Your mindset will be your inspiration to move forward as always no matter what the result you will have, either you will have good profits or not. If you do not call connect your mindset to your skills, it will just make you more depress and hopeless every time you lose a trade, that is why it is important to always coexist with your trade.

being positive in trading is something that must be present in a person. it's just that thinking too positively will make people stress when the results are not in accordance with what he thinks. very good at instilling self-confidence in yourself before doing this, it's just that we also need to know what risks we can get, and prepare the things we need to do when the situation turns into a state that we don't want it to.

I agree that traders should continue to learn to find analysis that is suitable for their own trading style. By always learning and improving its analytical skills, trading can be a job that generates large profits and does not need to work outside the home

Agree, every trader intention is to make money, but failing to survive in cryptocurrency because of huge fluctuations. Not only learning, but he also needs to wait for the price recovery because a trader will buy the coins at the highest value and with the sudden drops makes them lose value. Firstly, a trader should need patience and it will help them to make a decent profit.

I believe that whenever you take some risk in trading, you need to consider your strategies if its worked or not. before doing so, you need to make sure that whenever you gonna trade you need to understand that it's not always a bad day. there would come a good day but with a good mindset and perseverance with a lot of patience. In this way, you might get some confidence to take some huge risk at the same time you are careful about the things you might about to lose. Just like most of the traders, they are calculating their assets before taking some action and minimize the risk of losing buy using the necessary experiences they got from trading.

All of the traders are want to earn big amount of money but they are too lazy to study in order to learn knowledge and strategies that they can use in the market. The main reason why there are traders who often lose because of their quick rich mentality where they thought that they can become rich through trading even though they are not studying very well. Focus on the process and leaning from different materials like books and internet are useful and important.

Confidence and attitude only comes second to knowledge. If you don't know anything about the project that you are investing in, how can you be so confident? unless you are a blind who will invest into something that you didn't know in the first place because that's not how you trade. For example Bitcoin. a lot of people don't know Bitcoin's past and history so newbies tend to panic and sell while veterans buy more and hold.

That could work but it requires a lot of time. I personally as a trader prefer to trade different altcoins each time. Once I've made profit at a certain coin, I'm migrating to another altcoins for another opportunity. Also since I'm more on technical analysis instead of fundamental analysis, I prefer to use charts as basis and not on the news that involves that certain coin. Anyways, each one of us has their own strategy. There is no perfect startegy at all.

There is no doubt about this, if you want a smart profitable trader then you always need learned more and more. Therefore, you need more confident about yourself then you can do at anytime. Here i can said my one friend lala kusi she learned about trading almost 2 years 3 month over and now she do trader some hours and others time she do learned.

The problem of cryptocurrencies market is that most of the traders think that the coin they are trading will become Bitcoin some day. This concept they should remove from their mind first. Cryptocurrencies market is no different than forex market in terms of trading. The important thing which applies same here is we should trade in some limits keeping strict stop losses.

I agree if as a trader you have to be confident. Confidence comes from a lot of experience with analytical skills that are often appropriate. This takes practice and time, not instant.

I do not agree if the trader's orientation is just to win and make a profit, this can make you trapped in greed. However, we must understand that the market movement is very dynamic, when our analysis misses and loses, what forms in our brain is just how to get profit immediately to cover losses. Psychologically it is not good in trading strategies because it can mess up the analysis, hurry to profit, so you force to enter the market even if the situation is not possible.

No one can win all trades while trading so i think crypto exchanges should also introduce buying selling in same pair and also there should be stop loss option as well, although we have good crypto exchanges in the market i think market still lack good quality and multi features exchange.

It takes time to become a good trader and most of the successful traders goes through a lot of hard works and a lot of trainings before they become the best trader. If you want to make money through trading then you must first invest to yourself and learn a lot from trading, the risk is high if you don’t have any knowledge on trading so start with yourself first.

Well, you spoke so well and I do also like your writeups but you need to understand that trading isn't as easy as you think  even with full Confidence there will be tendency of panic when tokens keeps dumping more than expected that's when full panic comes in and confidence will be out of the way.

Confidence is a good quality in life in general and in the cryptocurrency market in particular. With confidence we can always make decisions as quickly as possible.
However, in reality, in order to become a confident trader, you need a lot of knowledge, observation, and ability to capture the market. Sometimes being overconfident can also make you make hasty and wrong decisions.

I believe that attitude and trust are very important, both for our mental state and for the results on the crypto market. A confident attitude helps you make the best decisions on the crypto market, but if you are afraid, you will panic and make bad decisions, which will cost you the investment.

Generally speaking, I would like to mention two different and important factors. The first one will be the details to be considered when making the investment and the second part will be the investment psychology.
Whether the aim is long-term investments or short-term trading transactions, research needs to be done about what is going to be invested. Knowing where to invest is one of the most important factors in capital control. Personally, I make all my investments that I will make today by researching beforehand because I lost a huge amount of money in an ICO project that I invested without researching before. For this reason, I advise you to research and take an investment decision at the end of your research, both as an inspiration from my experience and as a knowledgeable investor advice.
Again, when investing, you should prepare yourself psychologically for all kinds of situations. Of course, an investor's expectation is investing because it will be positive from that investment, but the only idea to consider when investing is not positive scenarios. It is very important to consider both positive and negative sernaries while investing and to prepare our psychology accordingly. Unfortunately, any investment to be made with unilateral expectation will affect your psychology badly. Also, it should be known that when making an investment, it is possible to make money with this investment and to lose money. Therefore, it is important to make informed investments.

If you follow the news, make sure you can get the right news because I am afraid that much fake news will trick some people into making the wrong trade. Maybe you will get a better result in analyzing the coin price if you can learn about TA so you have more information that will help you to determine the right time to trade. The news can help us to gain profit, but don't forget the news can also fake news to give the wrong information to people or make them panic when they read it.

Lol, it's not as easy and you see it, there's is a bit panic when trading especially when you buy and check group to see users shouting they sold at high and making FUDS that it won't increase anytime soon, trading isn't an easy thing for one not to panic.

I have experienced a number of failures when trading crypto, I always refer to the chart, it turns out it's wrong...

In my mind why it always fails when trading, so I asked a friend who has expertise in trading, I finally learned, one month later I had good results in trading and until now.

The bottom line: trade in the crypto field must have good knowledge, understand, be thorough, be patient.
Not only based on the chart.