Trading is unpredictable job. - page 116.

bamboylee

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Quote from: Zadicar on November 17, 2016, 02:13:17 AM

Enough knowledge on trading would really be needed so that you could able to make profits with it, it may not on constant on or daily basis but it somehow guarantee yourself that you could able to sustain of make money with that. In my own view, it depends on what kind of trading you do, its either on forex, bitcoin or altcoin. They are the same but the stage of knowledge on each field of trade is different.

More than knowledge, experience and discipline is what makes a better trader. Knowledge can be acquired by reading a lot of books and tutorials. But experience needs time and involvement in trading. Discipline can stop you from being emotional on your trades. Experience will teach you what to do on difficult times.

Positid

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Quote from: Zadicar on November 17, 2016, 02:13:17 AM

Quote from: goldcoinminer on November 17, 2016, 02:07:04 AM

Quote from: ipanks on November 17, 2016, 12:03:57 AM

Quote from: Dassi on November 16, 2016, 08:07:33 AM

Quote from: HaXX0R1337 on November 14, 2016, 08:19:21 AM

That really depends, however you can predict " a little bit" when you are experienced trader, and you feel comfortable with having such a job.
It is all about gains, but good, successful trader can get his "goal" every month, and he is never greedy- so if someone is well educated in trading, you can really live off from the trader's salary.

If I can be so professional to the extent that I can live off my trading earnings, it will be a dream come true.

its need a time to be a professional trader and many things to learn and its not in short time. beside that, you will stay focus with your main purpose and don't stop it. set your goal for a month and make it by small goal, if you get succeed, then raise your goal and so on. and yes, trading is hard to be unpredictable but as long as you have a will to learn anything possitive in trading, i think you can get your goal.

It's important to fully equip yourselves with the right knowledge so you can enhance your skills. When you are in trading and you consider that as you main source of income you have to play your cards very well so you will be able to make consistent income. You know it if you have the skills or not by tracking your record.

Enough knowledge on trading would really be needed so that you could able to make profits with it, it may not on constant on or daily basis but it somehow guarantee yourself that you could able to sustain of make money with that. In my own view, it depends on what kind of trading you do, its either on forex, bitcoin or altcoin. They are the same but the stage of knowledge on each field of trade is different.

In trading, it's important to have a continuing learning in trading as the price movement is not base on the trends, it's base on the present market so news are very important and as a trader it's your job to know all the necessary information that would affect your trading job.

Zadicar

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Quote from: goldcoinminer on November 17, 2016, 02:07:04 AM

Quote from: ipanks on November 17, 2016, 12:03:57 AM

Quote from: Dassi on November 16, 2016, 08:07:33 AM

Quote from: HaXX0R1337 on November 14, 2016, 08:19:21 AM

That really depends, however you can predict " a little bit" when you are experienced trader, and you feel comfortable with having such a job.
It is all about gains, but good, successful trader can get his "goal" every month, and he is never greedy- so if someone is well educated in trading, you can really live off from the trader's salary.

If I can be so professional to the extent that I can live off my trading earnings, it will be a dream come true.

its need a time to be a professional trader and many things to learn and its not in short time. beside that, you will stay focus with your main purpose and don't stop it. set your goal for a month and make it by small goal, if you get succeed, then raise your goal and so on. and yes, trading is hard to be unpredictable but as long as you have a will to learn anything possitive in trading, i think you can get your goal.

It's important to fully equip yourselves with the right knowledge so you can enhance your skills. When you are in trading and you consider that as you main source of income you have to play your cards very well so you will be able to make consistent income. You know it if you have the skills or not by tracking your record.

Enough knowledge on trading would really be needed so that you could able to make profits with it, it may not on constant on or daily basis but it somehow guarantee yourself that you could able to sustain of make money with that. In my own view, it depends on what kind of trading you do, its either on forex, bitcoin or altcoin. They are the same but the stage of knowledge on each field of trade is different.

goldcoinminer

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Quote from: ipanks on November 17, 2016, 12:03:57 AM

Quote from: Dassi on November 16, 2016, 08:07:33 AM

Quote from: HaXX0R1337 on November 14, 2016, 08:19:21 AM

That really depends, however you can predict " a little bit" when you are experienced trader, and you feel comfortable with having such a job.
It is all about gains, but good, successful trader can get his "goal" every month, and he is never greedy- so if someone is well educated in trading, you can really live off from the trader's salary.

If I can be so professional to the extent that I can live off my trading earnings, it will be a dream come true.

its need a time to be a professional trader and many things to learn and its not in short time. beside that, you will stay focus with your main purpose and don't stop it. set your goal for a month and make it by small goal, if you get succeed, then raise your goal and so on. and yes, trading is hard to be unpredictable but as long as you have a will to learn anything possitive in trading, i think you can get your goal.

It's important to fully equip yourselves with the right knowledge so you can enhance your skills. When you are in trading and you consider that as you main source of income you have to play your cards very well so you will be able to make consistent income. You know it if you have the skills or not by tracking your record.

bitcoinisbest

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Yes very much it is unpredictable due to price fluctuation in bitcoin is the normal and many times it moves 50$ or more in a day either side so depends on which side you are it may be profit/loss with the no of btc you hold. Its a risky to trade in such situation.

ipanks

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Quote from: Dassi on November 16, 2016, 08:07:33 AM

Quote from: HaXX0R1337 on November 14, 2016, 08:19:21 AM

That really depends, however you can predict " a little bit" when you are experienced trader, and you feel comfortable with having such a job.
It is all about gains, but good, successful trader can get his "goal" every month, and he is never greedy- so if someone is well educated in trading, you can really live off from the trader's salary.

If I can be so professional to the extent that I can live off my trading earnings, it will be a dream come true.

its need a time to be a professional trader and many things to learn and its not in short time. beside that, you will stay focus with your main purpose and don't stop it. set your goal for a month and make it by small goal, if you get succeed, then raise your goal and so on. and yes, trading is hard to be unpredictable but as long as you have a will to learn anything possitive in trading, i think you can get your goal.

stadus

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Quote from: wxa7115 on November 16, 2016, 08:43:25 PM

Quote from: HaXX0R1337 on November 14, 2016, 08:19:21 AM

That really depends, however you can predict " a little bit" when you are experienced trader, and you feel comfortable with having such a job.
It is all about gains, but good, successful trader can get his "goal" every month, and he is never greedy- so if someone is well educated in trading, you can really live off from the trader's salary.

If you use technical analysis and you are good at it you could see the trends of the coin and in a way predict with some degree of accuracy the movement of bitcoin and profit from it.

A method is really necessary and when you have the data you can analyze it to predict the price movement of bitcoin.That is already the basic and must be understood by every trader who wanted to be successful in his unpredictable job. One thing is certain, our needs is regular but our income is not in trading, therefore we do not have to rely in it as our main source of income.

wxa7115

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Quote from: HaXX0R1337 on November 14, 2016, 08:19:21 AM

That really depends, however you can predict " a little bit" when you are experienced trader, and you feel comfortable with having such a job.
It is all about gains, but good, successful trader can get his "goal" every month, and he is never greedy- so if someone is well educated in trading, you can really live off from the trader's salary.

If you use technical analysis and you are good at it you could see the trends of the coin and in a way predict with some degree of accuracy the movement of bitcoin and profit from it.

Theforextrader

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I dont know about bitcoin but predicting forex is pretty easy. i havent got much of it wrong so far. i post live signals in my thread https://bitcointalksearch.org/topic/earn-1000s-plus-a-month-on-forex-trade-copier-join-for-200-one-time-fee-1664883

d@nte

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Quote from: FrannWilder on November 10, 2016, 10:43:20 PM

Trading is very unpredictable but its still worth it because its fun to do and you can make a lot of money with it.
Its worth the risks and I think that the unpredictable part makes it also nice to do.

Well, if it was easy to predict, everyone would be rich. As you said, unpredictability is part of this, but the good thing is the fact that you can make a deep study of the market and improve your trading skills, so that you can reduce your risks.

winspiral

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If trading would not be unpredictable then trading wouls be impossible.
It's the unpredictabily who makes it possible.

Exemple:
Imagine a lottery where you would know the result...(lol)

The_prodigy

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Trading is really unpredictable job you are going to follow the flow of those pumpers who pump the coins so it will up and if they dump the coins buy and wait for the next pump trading is really profitable if you know your doing every day in trading i know that because i have experience in trading im not professional but enough to make profit.

sportis

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It is risky. Those who have dealt with purchase and sale of banknotes understand that temper is needed, insight and certainly very good information. If you are considering trading between digital / fiat money there will have to bear in mind the great volatility of digital money that exists. Even more difficult is trading between btcs eths and so on. But without risk of loss there is not gain.

ardentvolcanoes

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Quote from: densuj on August 01, 2016, 06:46:33 AM

There are many people who lost their money on trading, because trading is unpredictable job, in my opinion i need:
Method ( i must have system trading)
Money ( i must have management of money and risk)
Mind ( i must can control my emotion)
Tell me your opinions?

you're right it is an unpredictable job, because you didn't know what will be the future price of a certain price of an altcoin that you are to grow your btc with . and i guess you really need a lot of things to consider not only money , method/strategy and mind just like in gambling you really need luck as well . however , trading is much better than other way of earning money just my own opinion .

Dassi

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Quote from: HaXX0R1337 on November 14, 2016, 08:19:21 AM

That really depends, however you can predict " a little bit" when you are experienced trader, and you feel comfortable with having such a job.
It is all about gains, but good, successful trader can get his "goal" every month, and he is never greedy- so if someone is well educated in trading, you can really live off from the trader's salary.

If I can be so professional to the extent that I can live off my trading earnings, it will be a dream come true.

bamboylee

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Quote from: gtraah on November 12, 2016, 07:52:38 PM

Quote from: MMA on November 12, 2016, 12:53:24 PM

Quote from: Bavaria on November 10, 2016, 09:34:34 AM

In trading the results will be not same such as yesterday and possible too for that day you will experience to loss because you had wrong predict for the prices movement however even these jobs full of risk but some people very enjoy for trading and they more likely to choose trading than other jobs

there is no doubt abuot this that every kind of trading is risky, and some time your prediction can prove as false and you can face a big lost, but i think there are so many experience people who are really giving too much good prediction about trading and mostly their prediction proves as right and so they get so much benefit from it.

People who have spent enough time behind trading can predict the price movement very easily and there are many experts that will give you tips as when to buy and sell your coins and they will charge some fees from you for giving you tips and I think its worth to pay as it can give good profits at regular intervals.

They can predict a movement but it does not mean it will be profitable. Nothing is 100% correct prediction. I will not pay for that. I will only pay if it is an insider information, that is one thing that can lead to a very profitable one time trade.

serjent05

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Quote from: Victorycoin on November 16, 2016, 02:03:21 AM

Quote from: gtraah on November 12, 2016, 07:52:38 PM

Quote from: MMA on November 12, 2016, 12:53:24 PM

Quote from: Bavaria on November 10, 2016, 09:34:34 AM

In trading the results will be not same such as yesterday and possible too for that day you will experience to loss because you had wrong predict for the prices movement however even these jobs full of risk but some people very enjoy for trading and they more likely to choose trading than other jobs

there is no doubt abuot this that every kind of trading is risky, and some time your prediction can prove as false and you can face a big lost, but i think there are so many experience people who are really giving too much good prediction about trading and mostly their prediction proves as right and so they get so much benefit from it.

People who have spent enough time behind trading can predict the price movement very easily and there are many experts that will give you tips as when to buy and sell your coins and they will charge some fees from you for giving you tips and I think its worth to pay as it can give good profits at regular intervals.

That is what they normally claim, but when you are in there, you discover the market price has its own mind and goes where it would. Sometimes some predictions might be right, at other times, would miss the mark. Actually what makes a profitable trader is the ability to effectively manage market uncertainties and there can be many of them.

I agree, the market moveaccording to the situation or environment around it. So by studying the environment around it and applying the experience and history of market how it moves towards that change in environment, professional traders will successfully predict the next movement of price of each commodities. Unless it is manipulated by some large group then the movement will be uncertain but only known to those manipulators.

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Quote from: Pursuer on November 16, 2016, 03:02:07 AM

Quote from: richardsNY on November 15, 2016, 07:34:31 PM

Quote from: deisik on November 15, 2016, 06:29:12 PM

In order to successfully use diversification, you should first have a deep knowledge and understanding of the assets that you are going to diversify with. But this basically means that instead of diversification, you'd better concentrate on the assset you understand most, and then you wouldn't need diversification altogether, since you would just stay away from making a losing investment in the first place instead of trying to compensate the incurred losses through other investments.

That's why I only stick to Bitcoin as my main investment option. It saves me plenty of time and headache as I don't have to focus/worry about what my other investments will do. That's why I don't understand that people put their money into stocks, Gold, Bitcoin and altcoins at the same time. It's pure overkill. It's impossible to manage everything at the same level. Especially when you also have a day job.

there are different opinions and different strategies that different people take and you can never say one is right and the other is wrong. there surely is always some pros and cons for all of these methods which you have to understand them and find which one is best suited for you to try out.
for me I prefer diversification rather than just investing in one asset.

Diversification, in the strict sense of the word, is allocating your capital to different assets in such a way that your total risk exposure is reduced. You get there by investing in assets which prices tend to have negative correlation (which is the best option), so your portfolio as whole would have less risk overall than the assets it consists of, i.e. risks are being mutually compensated...

If you invest in different assets exclusively for the purpose of having more profit opportunities, this is not diversification

Pursuer

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Quote from: richardsNY on November 15, 2016, 07:34:31 PM

Quote from: deisik on November 15, 2016, 06:29:12 PM

In order to successfully use diversification, you should first have a deep knowledge and understanding of the assets that you are going to diversify with. But this basically means that instead of diversification, you'd better concentrate on the assset you understand most, and then you wouldn't need diversification altogether, since you would just stay away from making a losing investment in the first place instead of trying to compensate the incurred losses through other investments.

That's why I only stick to Bitcoin as my main investment option. It saves me plenty of time and headache as I don't have to focus/worry about what my other investments will do. That's why I don't understand that people put their money into stocks, Gold, Bitcoin and altcoins at the same time. It's pure overkill. It's impossible to manage everything at the same level. Especially when you also have a day job.

there are different opinions and different strategies that different people take and you can never say one is right and the other is wrong. there surely is always some pros and cons for all of these methods which you have to understand them and find which one is best suited for you to try out.
for me I prefer diversification rather than just investing in one asset.

Victorycoin

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Quote from: gtraah on November 12, 2016, 07:52:38 PM

Quote from: MMA on November 12, 2016, 12:53:24 PM

Quote from: Bavaria on November 10, 2016, 09:34:34 AM

In trading the results will be not same such as yesterday and possible too for that day you will experience to loss because you had wrong predict for the prices movement however even these jobs full of risk but some people very enjoy for trading and they more likely to choose trading than other jobs

there is no doubt abuot this that every kind of trading is risky, and some time your prediction can prove as false and you can face a big lost, but i think there are so many experience people who are really giving too much good prediction about trading and mostly their prediction proves as right and so they get so much benefit from it.

People who have spent enough time behind trading can predict the price movement very easily and there are many experts that will give you tips as when to buy and sell your coins and they will charge some fees from you for giving you tips and I think its worth to pay as it can give good profits at regular intervals.

That is what they normally claim, but when you are in there, you discover the market price has its own mind and goes where it would. Sometimes some predictions might be right, at other times, would miss the mark. Actually what makes a profitable trader is the ability to effectively manage market uncertainties and there can be many of them.

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