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Topic: Trading like professional. - page 2. (Read 3214 times)

legendary
Activity: 3514
Merit: 1280
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December 05, 2016, 03:03:17 AM
#65
Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 
There is no specific methodology while trading. the only basic method is buy low and sell high and it is the basic thing to remember and understand the market and monitor it carefully and understand the resistance level and make a stop loss for damage control if something negative happens .

It largely depends on what you are trading

But with bitcoins it is quite close to that. If you don't want to just buy, hold, and wait till the price grows (which seems to be the simplest method which can still be loosely called trading), you can use a more active approach trying to ride a wave. But it is more time consuming on the whole, and you have to watch the prices very closely since they are prone to abrupt movements, in both directions. And when the price more or less constantly rises, it may not be very effective in comparison with the first approach (i.e. simple buy and hold)
sr. member
Activity: 291
Merit: 250
December 04, 2016, 06:09:58 PM
#64
Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 
There is no specific methodology while trading. the only basic method is buy low and sell high and it is the basic thing to remember and understand the market and monitor it carefully and understand the resistance level and make a stop loss for damage control if something negative happens .
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
December 04, 2016, 04:43:06 PM
#63
To be a skilled trader you have to endure a lot of losses first and learn from your experiences, but one advise that is always very effective in knowing where prices will go is watching out for news and latest economic calendars.
The truth is that you don't have to subject yourself to lots of losses to become a skillful trader as the best way to learn a thing is from other people's experiences, wait to learn from your experience might end up a fatal experiment. Good news is that there are many useful sites and resources online and that are even free to get you on your way to successful trading only time and patience is highly needed, unfortunately so many people are having them in short supply

While I certainly agree that it is better to learn from other people's mistakes and experiences, but it is rarely the case. And what is more distressing, people typically don't make the same mistake twice. It is usually three or more times, while some people can learn it only the hard way, very much like in gambling, and some cannot learn at all. Books can be helpful if they suggest specific techniques, strategies (which are mostly useless, anyway), or explain in detail such intricate financial assets like futures, options and swaps. Other than that, books are pretty much useless too, primarily because they tend to complicate the matters beyond what is actually required for a wannabe trader...

After all, the authors of such books have to write about something on two or three hundred pages
legendary
Activity: 2814
Merit: 1112
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December 04, 2016, 03:54:05 PM
#62
Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 

The most skillful trader is the insider trader, you can study 2000 books but trading is always a mystery, especially bitcoin trading
But if a person study deeply about trade and learn all the tricks involve in trade and he will have a very good intelligence then he will be a very expert trader and will not lose any penny in his trades. All you need to get knowledge you will be professional.
i'm disagree with you when you say "will not lose any penny in his trades", even they are expert trade they can make mistake too, so one trader can always get profit, but the important point for trader is final result is gain profit example they have 2 trade, 1 trade gain 2 btc profit but in another trade they lose 0.5 btc the final result is they gain 1.5 btc, so they can be lose but they lose covered with another trading profit
legendary
Activity: 1288
Merit: 1036
December 04, 2016, 03:47:25 PM
#61
Pro traders doesn't always win still, this is why they stick to BTC because this coin always win. if you are talking about FOREX then thats more complicated due to each county's economy.
Bitcoin like any currency has ups and downs and if you are unable to predict the movements then you are going to lose money, so no if you trade with bitcoin you are not going to always win, although it is a good investment.
You are always going to win if you have little patience along with some healthy bankroll because the ups lasts longer in bitcoins than the downs and hence what we all need to do when the price is low is just wait for a while.
I have given loss due to my impatience earlier and hence I know this.
hero member
Activity: 644
Merit: 500
December 04, 2016, 03:04:06 PM
#60
Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 

The most skillful trader is the insider trader, you can study 2000 books but trading is always a mystery, especially bitcoin trading
But if a person study deeply about trade and learn all the tricks involve in trade and he will have a very good intelligence then he will be a very expert trader and will not lose any penny in his trades. All you need to get knowledge you will be professional.
legendary
Activity: 2884
Merit: 1258
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December 04, 2016, 02:37:33 PM
#59
To be a skilled trader you have to endure a lot of losses first and learn from your experiences, but one advise that is always very effective in knowing where prices will go is watching out for news and latest economic calendars.

I don't think you need to undergo this kind of losses.  You can learn from the losses of others.  For there are several option to learn.  You can learn by your self, learn from experience of others or learn from the books.  The best way is to use every option and maximize its effect.  I would rather learn from the experience of other people when it comes to losses Cheesy
hero member
Activity: 966
Merit: 507
December 04, 2016, 01:59:42 PM
#58
Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 

Are you a member of mt5 forum? This is the classic thread without interesting ideas to discuss that we can frequently read there because of bonus hunters. I hope you can stop this bad attitude in order to increase the quality of this bitcoin forum.
hero member
Activity: 1134
Merit: 517
December 04, 2016, 01:40:08 PM
#57
To be a skilled trader you have to endure a lot of losses first and learn from your experiences, but one advise that is always very effective in knowing where prices will go is watching out for news and latest economic calendars.
The truth is that you don't have to subject yourself to lots of losses to become a skillful trader as the best way to learn a thing is from other people's experiences, wait to learn from your experience might end up a fatal experiment. Good news is that there are many useful sites and resources online and that are even free to get you on your way to successful trading only time and patience is highly needed, unfortunately so many people are having them in short supply.

My suggestion is first to learn to trade forex in places like babypips, forex factory,etc to familiarize yourself with technical analysis tools and terms like, support and resistance, trendline, pivots, overbought and oversold conditions, etc and you will be standing better chance spotting when to buy or sell cryptocurrencies.
legendary
Activity: 2100
Merit: 1058
December 04, 2016, 01:34:08 PM
#56
The safest way to trade bitcoin without risks is to buy and hold for a long time - maybe till it reaches $10 000. Grin
Regular trading involves some amount of risk.
Waiting for the price to increase to something like 10,000$ would be called as investing in the future currency and not really trading because trading means where your money is not stuck and is regulated at regular intervals. While trading is good, I always prefer investing in bitcoins for future too.
hero member
Activity: 1428
Merit: 506
December 04, 2016, 12:47:19 PM
#55
Before we become a professional traders, we should learn
the basic way from the start. Its a process on how to become
a professional traders. Learning is a process in trading.
hero member
Activity: 1414
Merit: 505
Backed.Finance
December 04, 2016, 12:23:26 PM
#54
professional traders' are made and not born. I have been around forex for the past 8 years and one thing I have find out is that; new methods or a new price pattern are developing every day, therefore we need to open our minds to a new ideas and information daily for us to remain a successfully trader.

Indeed, since trading can be learned and studied. Also long time experienced made you professional and very confident with your decisions in trading. In your long time experience,of course losses and failures are included that it makes you knowledgeable about your trade.
sr. member
Activity: 924
Merit: 260
December 04, 2016, 11:39:47 AM
#53
if you want to trade like a professional, then you need skill and precise predictions. you can have it by playing continuous trading. if you do that, I am sure, you would find your way separately to make more money from trading, and you're probably going to be a professional
experience will allow you to keep learning more and more and most pro really invest their time and effort for them to learn how to make good decision in placing their investment i'm sure if you keep doing it you will be trade like a pro.
professional traders' are made and not born. I have been around forex for the past 8 years and one thing I have find out is that; new methods or a new price pattern are developing every day, therefore we need to open our minds to a new ideas and information daily for us to remain a successfully trader.
legendary
Activity: 3080
Merit: 1353
December 04, 2016, 11:16:23 AM
#52
if you want to trade like a professional, then you need skill and precise predictions. you can have it by playing continuous trading. if you do that, I am sure, you would find your way separately to make more money from trading, and you're probably going to be a professional
experience will allow you to keep learning more and more and most pro really invest their time and effort for them to learn how to make good decision in placing their investment i'm sure if you keep doing it you will be trade like a pro.
hero member
Activity: 3038
Merit: 628
Vave.com - Crypto Casino
December 04, 2016, 11:04:38 AM
#51
if you want to trade like a professional, then you need skill and precise predictions. you can have it by playing continuous trading. if you do that, I am sure, you would find your way separately to make more money from trading, and you're probably going to be a professional

That is not even enough to be a good trader, you need also to read predictions of other traders and that will surely help you to trade professionally. Even though you may eat your pride by doing it but it doesn't mean that you are not good enough. That's what we call strategy, just like in buying and selling you need to canvass first.
legendary
Activity: 1218
Merit: 1000
December 04, 2016, 11:00:17 AM
#50
if you want to trade like a professional, then you need skill and precise predictions. you can have it by playing continuous trading. if you do that, I am sure, you would find your way separately to make more money from trading, and you're probably going to be a professional
hero member
Activity: 798
Merit: 505
December 04, 2016, 10:01:29 AM
#49
Trading is not an easy job, it may take some time to predict the coin which will give you profit, today every coin is like pump and dump coins only, there are many people who are trading marginally. In starting you may loose some money but you will be great after learning lot of mistakes.
Many coins, in fact, are just pumps and dumps. Actually, this holds for more than ninety percent of them. So the first step is probably to choose the right cryptocurrencies to trade, then you have to identify the factors that can lead to a rise or fall in the price of the currencies. You also need to know the team behind these projects, and be aware to know if the improvements will be delivered on time.
Those are the important things you should pay attention because if you follow these behavior or standards you could actually choose the most potential altcoin out there and not goig or putting money into the wrong ones. Emotion do really matter especially when you are in the middle of trading because you will definitely make some bad decision that would really lead you to lose of money.

You are right emotions also takes a big role in trading on that time of buying and selling you should decide well to sell it or buy it. Just control your self. Well you should know also what is the best altcoin to invest on so that you wont loose your money. Trading is good Cheesy
legendary
Activity: 1386
Merit: 1020
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December 04, 2016, 09:51:10 AM
#48
Trading is not an easy job, it may take some time to predict the coin which will give you profit, today every coin is like pump and dump coins only, there are many people who are trading marginally. In starting you may loose some money but you will be great after learning lot of mistakes.
Many coins, in fact, are just pumps and dumps. Actually, this holds for more than ninety percent of them. So the first step is probably to choose the right cryptocurrencies to trade, then you have to identify the factors that can lead to a rise or fall in the price of the currencies. You also need to know the team behind these projects, and be aware to know if the improvements will be delivered on time.
Those are the important things you should pay attention because if you follow these behavior or standards you could actually choose the most potential altcoin out there and not goig or putting money into the wrong ones. Emotion do really matter especially when you are in the middle of trading because you will definitely make some bad decision that would really lead you to lose of money.
hero member
Activity: 560
Merit: 500
December 04, 2016, 09:30:28 AM
#47
Trading is not an easy job, it may take some time to predict the coin which will give you profit, today every coin is like pump and dump coins only, there are many people who are trading marginally. In starting you may loose some money but you will be great after learning lot of mistakes.
Many coins, in fact, are just pumps and dumps. Actually, this holds for more than ninety percent of them. So the first step is probably to choose the right cryptocurrencies to trade, then you have to identify the factors that can lead to a rise or fall in the price of the currencies. You also need to know the team behind these projects, and be aware to know if the improvements will be delivered on time.
hero member
Activity: 1092
Merit: 523
December 04, 2016, 09:11:45 AM
#46
to be professional traders you must start it with step by step and there is no instant way for that also most of professional traders have their own method how to analysis the market and trade with successfully but you must remember that even the professional traders also had experience to lost and don't ever think professional traders always got profit from their tading activities

Yes professional traders have their own method, there's no quick way to be a professional trader, the biggest mistake from newbie trader is they thinking trader is all about profit they're not realize that can be losing to with trading but always learn and control emotion and control the fund we use for trading is important too
Actually to become a professional trader you have to make your actions more and more natural and obvious.
If you start thinking and feeling from inside like professionals then it would be the opposite that will happen. It is always better to make some obvious moves and learn with time to become a professional.
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