Topic: What do you need to become a successful trader? - page 13. (Read 6340 times)
You need common sense because this is too much lacking now days in trying to become next Albert Einstein. So first you just need to be using common sense and stick with quality money management. If we manage this right it’s easier to succeed and I find this relatively simpelr through FreshForex with their 101% Tradable deposit bonus, it’s lovely.
If you had a gold mine would you teach others where is it?
So why all those people are pretending to be able teaching you something?
Why they are just not making money themselves with all that wisdom they have?
So why all those people are pretending to be able teaching you something?
Why they are just not making money themselves with all that wisdom they have?
To become a successful trader, you need to make your mindset open, you need to put always in your mind that you will be successful in trading. So this will make you more eagerness in doing how to trade and there is two types of analysis, fundamentals and techniqual .
It also seems to me that to be a trader you should have a cold brain and a decent supply of money. 
To become a successful trader, you need to make your mindset open, you need to put always in your mind that you will be successful in trading. So this will make you more eagerness in doing how to trade and there is two types of analysis, fundamentals and techniqual .
you might have your own but of course, we need to see also what successful traders do before they'll got its name. That is very important to gather ideas and could help to create our own. Keep learning is what we need for in order to succeed and not just relying of a single strategy. Things might change as well as the market demand, this need to take action by then and be vulnerable in all market condition.
Therefore, you should read and watch YouTube more, but do not listen to everyone in a row, a lot of practice and build your own strategy.YouTube is still the best place to actually learn because on YouTube, the learner will be exposed to different tutors from different part of the world, and they all have their own strategies which they usually share with their viewers, I think that it would be best sometimes to just always go on YouTube even as an already existing trader to learn from those that are better than us, and you know that developing a strategy requires getting lots of experiences from different angles.
Hello guys, I'm here because am so lost and confused about this whole thing of trading bitcoin or any other market as forex, stocks ...... first, when i started trading bitcoin it because i heard and saw many people talking about it and that you can make a lot of money. I mean yeah at first i made some profits by buying small amounts of bitcoin in Yobit then selling it again when the price goes up, but when day when the bitcoin went down i lost a lot of money.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused
What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused
What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.
To become a successful trader you need to be patiently monitor the price of of your tokens and get ready to learn about trading, because there's a lot of people became rich because of trading. Thats why lm so much interested of to trade in here. I want to search more for about it.
OP probably missed something from what the others say, he/she might forgot the risk and just only focusing on earning every single day. Anyway, there is no wrong with that cause in the first place, that is our goal and that should be. But what I see to this person is that, he never knows really about crypto and don't have enough knowledge in trading putting himself/herself at full risk and getting worse of losing his/her hard work money.
Hello guys, I'm here because am so lost and confused about this whole thing of trading bitcoin or any other market as forex, stocks ...... first, when i started trading bitcoin it because i heard and saw many people talking about it and that you can make a lot of money. I mean yeah at first i made some profits by buying small amounts of bitcoin in Yobit then selling it again when the price goes up, but when day when the bitcoin went down i lost a lot of money.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused
What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.
Your biggest issue is your mentality, it seems you believe that if you learn a magic formula you will be set for the rest of your life, trading is a lot more than trading signals, your psychology plays a very important role, even if you were to develop a strategy that gave you a lot of profits it will be for nothing if you do not have the mental fortitude to follow your strategy after you have lost a few trades, another important factor is money management, many traders have good systems but their trades are too reckless and they lose all their capital before their system has a chance to make that money back. I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused
What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.
It seems to me that the most important thing is to have your own trading strategy that will bring money.
Yes, you might have your own but of course, we need to see also what successful traders do before they'll got its name. That is very important to gather ideas and could help to create our own. Keep learning is what we need for in order to succeed and not just relying of a single strategy. Things might change as well as the market demand, this need to take action by then and be vulnerable in all market condition.
Patience is a big part of it. Don't force a trade to happen when you are unsure of what might unfold or if you're not confident in a trade, look for good setups and trades with good risk relative to reward. There's definitely no-trading zones out there, and recognizing when you shouldn't be trading can be the difference between your balance staying the same and losing a few hundred dollars. You also don't need to use extremely complex TA to trade; I often use simple support and resistance levels and it works out very well for me.
It seems to me that the most important thing is to have your own trading strategy that will bring money.
Yes, you might have your own but of course, we need to see also what successful traders do before they'll got its name. That is very important to gather ideas and could help to create our own. Keep learning is what we need for in order to succeed and not just relying of a single strategy. Things might change as well as the market demand, this need to take action by then and be vulnerable in all market condition.
It seems to me that, in the first place, in addition to the initial knowledge that every trader should possess, a person should also have the ability to select more suitable coins for trading, which will give good results both in daily trading and in creating orders for a long period.
It seems to me that the most important thing is to have your own trading strategy that will bring money.
Hello guys, I'm here because am so lost and confused about this whole thing of trading bitcoin or any other market as forex, stocks ...... first, when i started trading bitcoin it because i heard and saw many people talking about it and that you can make a lot of money. I mean yeah at first i made some profits by buying small amounts of bitcoin in Yobit then selling it again when the price goes up, but when day when the bitcoin went down i lost a lot of money.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused
What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused
What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.
To become a successful trader you need to be patiently monitor the price of of your tokens and get ready to learn about trading, because there's a lot of people became rich because of trading. Thats why lm so much interested of to trade in here. I want to search more for about it.
Hello guys, I'm here because am so lost and confused about this whole thing of trading bitcoin or any other market as forex, stocks ...... first, when i started trading bitcoin it because i heard and saw many people talking about it and that you can make a lot of money. I mean yeah at first i made some profits by buying small amounts of bitcoin in Yobit then selling it again when the price goes up, but when day when the bitcoin went down i lost a lot of money.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused
What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.
The technical analysis is the key to win in this market but that does not guarantee you been a successful trader because.I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused
What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.
1) Technical analysis doesn't always give an accurate result due to the level fluctuations of the market.
2) if you don't have the knowledge about the right time to invest, you'll still make lose
3) You also need to know how to choose the right coin to invest either. However, I will advise you to work on what I said while you study the TA and harmonic pattern.
With that been said, you jumping to forex trading because you make a loss in crypto trading is just like gambling your fund because you can still make your lost investment back in crypto if you wait till it bullish season.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
I personally did trading but still not called as successful trading because i was suffering plenty of loss during my trading activities but those who deserve called as successful trading might be they who can avoid loss everytime trading and maybe to reach that achievement people should learn and became an expert from trading knowledge such as technical analysis or how to predict chart movement and the most important is experience and good mentally to facing downtrend is necessary too
I think psychology will affect a lot of your investment because the current market is not really good so surely many investors will have huge losses. I usually do not trade during this time period because the risk now is very high and it can completely put me under pressure to invest. I believe the current solution is to hold Fiat and wait for new growth in this market
Alan2here, every time is good for crypto trading only if the trader actually have the required knowledge and patience because one's cannot make lost in crypto if invest in the right utilized coin like bitcoin cause it will later pump in price.
I read a lot of experience from great traders, most of them stressed psychologically, many describe it as a triangle divided into 3 parts. the largest percentage is below, psychological. above which is described is money management, and the smallest percentage that occupies the top is analysis. then we can conclude to follow in their footsteps
Don't focus on technical analysis just focus on "buy low and sell high" crypto or bitcoin is unpredictable and no signals.
If you want to make a profit try to trade on Binance they have some tools that can prevent you from losing.
Check this for a quick guide: https://www.binance.vision/tutorials/what-is-a-stop-limit-order
Don't trade with yobit again because it's not actually safe place to trade.
If you want to make a profit try to trade on Binance they have some tools that can prevent you from losing.
Check this for a quick guide: https://www.binance.vision/tutorials/what-is-a-stop-limit-order
Don't trade with yobit again because it's not actually safe place to trade.
Crypto traders need to buy even before the start of growth, with a short or long-term fall, otherwise, you can fall into the trap of manipulators. And assets should be sold, respectively, with growth, when the price reaches the second half of the expected peak. At the same time, as a beginner, you should not try to actively play on the rebounds. As a rule, this results in lost profits.
If you really want to become successful trader in crypto industry, first you must have capital, have a passion to learn everything here in this business, don't be emotional when every time you are in the actual trading platform, Don't be greedy, be positive always, and always apply
patience.
patience.
To become a successful trader you need to learn from other established trader and also get the necessary skills with basic computer knowlege of trader with good electricity connection
Jump to: