what do i need to be a successful trader ? - page 2.

Anguwa

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Quote from: Mahmoud70 on February 11, 2021, 05:55:25 PM

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?

To be a successful cryptocurrency trader, you must have adequate knowledge. These skills you have acquired are important, but you must also know how to apply them properly. To be a successful trader, you must understand the principles of risk management so that you can plan your trading strategy.

shawon01

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Cryptocurrency Day Special For newcomers, you need to look at the first four to earn from the essential currency. You should start by looking here. You need to know the type of a chart pattern. You need more than luck to succeed in affiliate business

YOSHIE

legendary

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Without having good knowledge before starting, traders will be fatal, generally people think that trading is easy, so just start trading without thinking, Trader knowledge is important.

Do traders according to ability, don't force and take risks Traders according to ability, start with smaller amounts, don't force traders directly in large numbers, have a good trading system analysis and so on, discipline and reality, you must have a profit and loss book, that's important, and a lot you can do in a trader.

lepbagong

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like the op has attached and of course much more that can be learned either for free through youtube or online learning guided by those who are experts in their fields. Of course everything can be done and now in the current era everything is easy and there are lots of them available.
but in my opinion, the best learning is, of course, going straight into the trade, always starting with small things first and when you can recognize the nature of trading, gradually add more until you feel confident.
to remember that the mistakes we make are the best learning not to make mistakes again and again.

boyptc

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Quote from: Phanditha Echevarria on March 09, 2022, 06:10:40 AM

I have a secret for bitcoin trading, don’t operate it after buying it. After many years, you will find that you have become one of the smart people in the 20%. Hold it and keep buying it. You don’t need to do anything except buy it. Action, then this stage is 5 years.

That's no longer a secret.

Everyone knows that holding is profitable and we can have good days for just doing nothing but to hold it for a long time. 5 years is a long time to hold but we can have that confidence that it's really going to be of great value for bitcoin.

We have no clue what's in it after that long but we're all positive that with that span, our holdings are going to reach another milestone because of bitcoin reaching new ATH.

Phanditha Echevarria

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I have a secret for bitcoin trading, don’t operate it after buying it. After many years, you will find that you have become one of the smart people in the 20%. Hold it and keep buying it. You don’t need to do anything except buy it. Action, then this stage is 5 years.

blockman

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Quote from: ?? on ??

you've learned a lot about indicators. If you can master all of them you are extraordinary. you only need to combine all the indicators you learn and be adapted to your trading way. Because all indicators are good if you master them.

It's an advantage if you know how to determine indicators and as well as have your analysis based on the facts that you can see in the market. Aside from that, fundamental factors will certainly help you out with your decisions.

Quote from: ?? on ??

Not only learning indicators, but psychology and money management are very important to make your trading work according to the strategy.

Yes, they're also factors that will make you successful or not. In money handling and management, that's also a struggle for many traders. They could be great in indicators and analysis but could fail with it.

Crytpo-Guy

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Indicators are essentially necessary for newbies who are new in the crypto space. For you to start earning from crypto, you should start learning chart pattern. You should be able to Know the kind of chart pattern a coin is on. Though it is not easy for someone to master all the indicators at once, but with time, you will see yourself catching up and increasing your knowledge about crypto. Consistency and hard work is all it takes to excelled in this space.

For someone to be a successful trader, he or she should not be afraid to lose money to trading. The crypto space is all about Patience, consistency and hardwork. Bitcoin should not be your top priority in trading rather go for Meme coins and alt coins, these coins pumped and dump. The good news is that they pumped and give you your profit and dump also. You should develop the mindset of getting ride of greed, because in trading, greed has cause the downfall of so many traders, those who trade with emotions and doubt.

[moderator's note: consecutive posts merged]

Fatunad

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Quote from: ?? on ??

The most important thing to become a trader is knowledge as well as experience. Sufficient experience allows us to analyze the right time or strategy in trading. what you are doing is good by learning various things and you just need to add more knowledge and experience so that you can better adapt to trading. being a trader is not only based on one strategy, but we also have to be able to follow the flow of the crypto market, so sometimes the strategies used can change according to market conditions and we have to be able to adjust them well so we can trade well too. In addition, experience is also the best lesson to be better in the future.

You would get knowledge once you do gain experience and gaining experience is through actual engagement and you would able to find or discover for yourself on what are the things would be needed for you to survive this
unpredictable market.It wont be an easy journey since this would really be involving lots of trial and error which it would really be normal.You wouldnt really be making yourself a better trader if you wont experience those things which are actually that inevitable if you do ask me.Its not really that simple but not impossible which means you could actually do it.

SaveOurSea

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Quote from: Alisha-k on March 07, 2022, 07:39:17 AM

Quote from: AliMan on February 11, 2021, 06:21:25 PM

Quote from: Mahmoud70 on February 11, 2021, 05:55:25 PM

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?

You need to develop your skills and analysis, once you become expert of different strategies in trading you won't fail in different situations. Learning stage isn't easy, patience and control of emotions is very important. Of course your self confidence always matter, everytime you deal with pressures and struggles in the midst of trading difficulties.

determination and never get tired of learning, that's all you need added to the skills and analysis mentioned here, when you've achieved those, it's a go go for you.

Develop and work on your own strategy, it's very okay to learn the strategies used by other persons, but developing yours from their experiences is the best.

Yes, what you say is true and basically all of that requires a process so plant that mindset in our minds,
keep learning and never stop because that is the important thing,
Besides that, seeking experience is also one of the things we need to do to become successful traders

Raymond Gary

newbie

Activity: 28

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Quote from: Mahmoud70 on February 11, 2021, 05:55:25 PM

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?

Things you need to become a successful trader
are
You need a plan , in the sense that you ask your what's your goal?,
what do you really want to achieve in your trading life?

You need Rule base system ,here you choose a trading system that will work for you and back test it using historical data.
Discipline is another important aspect of trading to be a successful trader , Avoid the spirit of greediness don't expect to gain all or win Everytime and go with whatever the market gives you, there is always another opportunity.
Use risk management and avoid trading what your account can't carry.
finally, have patient in every trade you placed, I believe with this tools and more you will one day become successful because learning is a process.

Alisha-k

member

Activity: 840

Merit: 23

Quote from: AliMan on February 11, 2021, 06:21:25 PM

Quote from: Mahmoud70 on February 11, 2021, 05:55:25 PM

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?

You need to develop your skills and analysis, once you become expert of different strategies in trading you won't fail in different situations. Learning stage isn't easy, patience and control of emotions is very important. Of course your self confidence always matter, everytime you deal with pressures and struggles in the midst of trading difficulties.

determination and never get tired of learning, that's all you need added to the skills and analysis mentioned here, when you've achieved those, it's a go go for you.

Develop and work on your own strategy, it's very okay to learn the strategies used by other persons, but developing yours from their experiences is the best.

lalabotax

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Quote from: Woodie on March 06, 2022, 06:19:53 PM

For starters to become a successful trader you must not be affraid to lose trades because you will not always win all your trades and most importantly to stay in the game for a long time.

Yes, don't be afraid to lose because it is a part of the experience and a lesson to be better in trading. For the starters, it is normal if you lose your money in the first attempt, the second attempt, or even the third attempt in trading. You need a process to have a better skill in trading and choose a proper strategy in trading. Your focus is to learn to have a good way in trading, and know well how to lower the risks. Losing money shouldn't make you quit as it happens to every crypto trader.

Bollexz1

member

Activity: 868

Merit: 12

These are just some of basic tools needed to become a successful trader, you may be need to add more while as well may not need to add anything more... Just practice well and choose the ones that best work for you.

Woodie

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Merit: 871

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For starters to become a successful trader you must not be affraid to lose trades because you will not always win all your trades and most importantly to stay in the game for a long time... One needs to master the art of risk management which will give you an opportunity of not always loading cash into your trading account.

And lastly dont trade with emotions, enter trades based on analysis not because you lost a bullish trade and want to go all in for a sell... This will cost you, stick to your trading plan.

Hamphser

sr. member

Activity: 2436

Merit: 324

Quote from: ?? on ??

The most important thing is to pay attention to training. This aspect is the most important and requires attention.

Attention
Determination
Consistency
Patience
Dont have greedy mind
Dont rush up
Learn from mistakes.

Its seen that those things mentioned are technicals then other aspects could only be learnt
on actual experience and you would really find it for yourself.

lixer

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Activity: 2478

Merit: 586

Quote from: retreat on March 06, 2022, 08:33:56 AM

no matter how much trading knowledge you have, if you don't have mental resilience and also good emotional control then all of that is useless. Many beginners in trading just waste time learning analytical techniques but don't improve themselves with good emotional control. good luck!

They didn't waste a time because they learn something that is too important in trading. You can only say that they waste time if they watch t.v and play video games all day as that doesn't bring any benefits. They are still learning and maybe they are learning one at a time so they they didn't arrive yet on other branches to master trading but they will soon arrive there. They will soon know how to control their emotions as that can greatly improve their self as a trader.

@OP
That's impressive that you have now learned those things but maybe there's more to come, just keep on grinding and I'm pretty sure that you can become a successful trader soon.

King0

newbie

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Since I am a new member I don't think my words will matter We need to take some training so that we can trade them well with online cryptocurrency and we can get out of here with some profit.

retreat

sr. member

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no matter how much trading knowledge you have, if you don't have mental resilience and also good emotional control then all of that is useless. Many beginners in trading just waste time learning analytical techniques but don't improve themselves with good emotional control. good luck!

CapGelatik

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Quote from: shawon01 on March 05, 2022, 10:16:37 PM

Quote from: chikading2016 on June 10, 2021, 02:28:20 PM

I think you need to do trading in a serious way to become succesful trader.Serious means you need to fucos on it. First you need to do basic trading with a small capital simply because if you are in a learning stage you will easily make a mistake and loss so used small amount of capital to be more safe and make you will gain learnings every trade you've done.

If these small projects of yours are not something like security in English, if you want to be a very successful trader here, you just have to learn from one mistake. The catastrophe in the world is bloodshed and only those who can survive here can benefit from what I have seen for a very long time.

To be a successful trader, of course it is not that easy and it takes hard work too.
other than that all require a process, nothing is immediately successful,
with more experience and evaluate every mistake we make at least it's part of the process

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