What do you need to become a successful trader? - page 3.

wxa7115

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Bitcoin is GOD

Quote from: Wipeout2097 on January 02, 2020, 03:23:37 AM

Being successful trader educate yourself and learn both Technical analysis and the psychological behavior like successful trader how they face the complex situations.If Platform is legit then no matter where are you trading just your skills and decision power will be counted,Learn to control the emotion in both winning and losing position also an art of a successful trader.

Choosing best coins mostly will take you profit at the end,so never trade on coin with no volume and market.

Trading a coin with no good volume is a mistake that no one that had actually tried to learn technical analysis should make and that is because one of the first things you learn is that technical analysis does not work in those markets, and some may ask why that is the case? And that is because with a very low volume a coin can be manipulated at will by those holding a lot of coins and they can pump and dump the market as they wish and it will be impossible to see that in the charts and avoid losing money.

Then it is clear that good traders will never bother with the thousands of coins in the market that have no volume and do not offer them a fair chance of making money in the markets.

reallester

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Note that it's not every trader who trades is successful. There a lot of things which makes one a successful trader.

1. Every successful trader has one time or the other failed. You cannot be successful in your trades where you don't fail.
2. A trader to succeed must have trading strategies I.e having a strong TA and FA
3. To be a successful trader, you must shunt greed.
4. To be successful trader, must have sone iota of patience and lots more.

Faxmate

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Quote from: fabiola! on January 02, 2020, 06:01:07 AM

successful traders never repeats mistakes , learning strategy does not help to become successful trade being discipline and managing money , risk will be the steps to become successful trader

what many think is if they know the best strategy its enough to be a successful trader , and they keep on searching for best strategy

I think every trader should have their own strategies and it’s not good to listen other people, it's better to know your own interest. You should know when to buy and when to trade and to become successful trader. People must avoid panic selling as discipline and management is one of the most important thing in trading, don’t be greedy ever.

liuqi

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Like gambling trading also the same risk factors what we are having in trading too. Please don't get into trading if you are noob and start your cryptocurrency field of earning.
There are many people lost their money in trading field due to high bump and dump in the price chart.

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Quote from: posi on January 01, 2020, 02:43:57 PM

Quote from: Jiyens3 on January 01, 2020, 11:58:32 AM

Quote from: Jsmbugu on August 31, 2019, 04:27:04 PM

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 first, if you want to trade you shouldn't to trade directly. but you have to analysis chart in the market like price of coins everyday
the highest and lowest price of coins everyday is the most important thing have been analysis everyday before you trade
after you know highest and lowest price, then you buy your coins in lowest price and wait till it reach highest price . happy trying

No, a crypto trader can actually trade direct without the inclusion of graph if have the right experiencd and information about upcoming market rally. I believe whats needed the most in other to become a genuinely success trader is been knowledgeable about every trend the market posed.

but it difficult to do for new trader or trader with minimum experience. it will make high chance to lose then do not want to trade again
i believe that lose can make traumatic feeling, so learn of the chart, analysis chart, the metod, news of important etc its important thing to do

akmal1984

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Quote from: fabiola! on January 02, 2020, 06:01:07 AM

successful traders never repeats mistakes , learning strategy does not help to become successful trade being discipline and managing money , risk will be the steps to become successful trader

what many think is if they know the best strategy its enough to be a successful trader , and they keep on searching for best strategy

OK, I understand now, not repeating the same mistakes and continuing to learn is what is needed to become a successful trader. Now all that remains is to be consistent in carrying out the practice. Because the theory will still be a theory and will not bring results if we do not act.

fabiola!

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successful traders never repeats mistakes , learning strategy does not help to become successful trade being discipline and managing money , risk will be the steps to become successful trader

what many think is if they know the best strategy its enough to be a successful trader , and they keep on searching for best strategy

Wipeout2097

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Being successful trader educate yourself and learn both Technical analysis and the psychological behavior like successful trader how they face the complex situations.If Platform is legit then no matter where are you trading just your skills and decision power will be counted,Learn to control the emotion in both winning and losing position also an art of a successful trader.

Choosing best coins mostly will take you profit at the end,so never trade on coin with no volume and market.

posi

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Quote from: Jiyens3 on January 01, 2020, 11:58:32 AM

Quote from: Jsmbugu on August 31, 2019, 04:27:04 PM

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 first, if you want to trade you shouldn't to trade directly. but you have to analysis chart in the market like price of coins everyday
the highest and lowest price of coins everyday is the most important thing have been analysis everyday before you trade
after you know highest and lowest price, then you buy your coins in lowest price and wait till it reach highest price . happy trying

No, a crypto trader can actually trade direct without the inclusion of graph if have the right experiencd and information about upcoming market rally. I believe whats needed the most in other to become a genuinely success trader is been knowledgeable about every trend the market posed.

wxa7115

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Bitcoin is GOD

Quote from: Karmakid on December 29, 2019, 03:11:23 AM

To become a successful trader, you need a strong gut that you are willing to risk and dive into the world of trading. Trading can give a lot of stress and it can make you frustrated faster than any other investment or way of making money. An aspiring trader should also know that he should love losing because that will fuel up his way to success.

Some may find that silly but if you read books about some of the greatest traders that ever lived you will see they are very honest about what it is needed to become a trader, they tell the stories of the trades they made and how they had problems getting any sleep when they had losing trades and how everything was more difficult for them if they were experiencing losses for months.

Many traders never touch this topic but it is real, we are not machines, we have feelings and it is completely understandable to feel down when you are losing a lot of money, the important part is how you deal with it and for that you need to have a very strong personality.

Jiyens3

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Quote from: Jsmbugu on August 31, 2019, 04:27:04 PM

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 first, if you want to trade you shouldn't to trade directly. but you have to analysis chart in the market like price of coins everyday
the highest and lowest price of coins everyday is the most important thing have been analysis everyday before you trade
after you know highest and lowest price, then you buy your coins in lowest price and wait till it reach highest price . happy trying

MRY

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I think, to be a successful trader is needed experience and good knowledge about trading, a good analysis is also very necessary, take the right decision, if prices go down it is better to hold, wait for prices to rise again

Kevondo

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Quote from: wxxyrqa on December 30, 2019, 04:21:55 AM

I believe that, first of all, for a successful trader you need to learn how to set priorities, because it is in the right priorities that trading performance lies, and not in reducing the number of unprofitable transactions. You should always start with the lowest possible bids and never chase big profits, because only minimal queries will have very good results.

This is again one of the most common and dreadful mistake committed by the beginner traders that they after few good trades try to make maximum and bid for big money for which they have not done proper home work which eventually put them in a loss. I strongly agree with your strategy of playing small and safe because this is actually where you are learning and making money side by side.

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Greed can sometimes work though, but if it goes over the fence then you could be right about the "failure". It is all about taking profit anyway in the end. I've done greediness in the past here in trading and it went bad especially that I was day trading back in those days.

attempt to be very careful, on the other hand repeatedly I find that have made a prediction that seems to be wrong. Yet the rationale even has been trying for an extended time is that what learn and knowledge for an extended time will help one to succeed. Success in trading doesn't come so easily.

CodyAlfaridzi

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Quote from: Jsmbugu on August 31, 2019, 04:27:04 PM

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.

There is no best market for a beginner. This is not a game. Go for demo trading instead before you jump in with real money.

Some people may call TA bullshit but there are people with consistent result trading based on TA. There's something more important than TA though, it's called risk management. You should learn that too. TA, FA, anything is just tool to analyze the market. The key to staying alive is risk management.

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Quote from: DevilSlayer on December 30, 2019, 06:03:41 AM

Hard work I think, you cannot become a successful trader if you will just lay down in your bed if you are just playing and watching tv. You should make a move and that move is to research and study in order to become a profitable trader. We should have goals in first place, we can be a successful trader if we will use our minds and develop it. Trading is not easy and there is no a trader who know all of the information, trading is a learning process after all.

Of course, hard work is the leading factor to become a good trader because even if we have talents that we don't train constantly, this talent will be useless, and don't forget that this is a volatile market, our knowledge today may become outdated tomorrow, therefore, an effort and a persistent will for this work is indispensable, success is never without effort. Besides, a good trader is never an arrogant person, they will always study and try to go on every trend of the market, more accurately, they need to be the last survivors, know when to come and when to retreat, instead of a brave soldier

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Quote from: Jsmbugu on August 31, 2019, 04:27:04 PM

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.

You have the same question and my mood as a new trader. we are lost, we are alone and we have no perfect strategy to trade, we lack confidence when we order because we have lost a lot. But believe me, you need a team of people to help make your speculative portfolio better. When you have like-minded people, your ability to learn will increase quickly and the perception will be more accurate. I think you already know how to learn the basics, now you really need your partner. Teamwork will help you increase your power and increase profits significantly.

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Quote from: TitanGEL on December 29, 2019, 11:02:14 PM

A little greed and confidence. If you have desire for something else then it is a greed. Greed will push you to work hard and work smart to achieve your goal. But too much grees is bad we should just have littel greed. Confidence is something that we should also have because it makes as a strong person where we can fully execute our trades without doubts and second thought. Confidence is not something that we can get easily, it is enhancing and proper communication and study can make us to have it.

Greed is the source of all failure,specially.in trading and for all we know this same reason why traders use to blame the market since they failed but the truth is they are greedy person and always looking for higher profit.a good trader's dont look for how much they will earn instead how.possible they will earn and even smaller but at least sure and not too much risk.

DevilSlayer

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Hard work I think, you cannot become a successful trader if you will just lay down in your bed if you are just playing and watching tv. You should make a move and that move is to research and study in order to become a profitable trader. We should have goals in first place, we can be a successful trader if we will use our minds and develop it. Trading is not easy and there is no a trader who know all of the information, trading is a learning process after all.

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There are many essentials you need to achieve if you want to become a successful trader in this market. First, you need to know the news every day to understand the situation of the market, next you need to have knowledge of charts and be able to analyze them easily. And finally, you need to have a stable and steady mentality in this market. If you have the 3 above factors, you have become a great trader in this market and can easily make a profit.

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