Topic: What do you need to become a successful trader? - page 4. (Read 6340 times)
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.
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.
I think you need to self-develop and self-educate in an integrated way. It will be not easy, and may take a lot of time. But I think it's the right path to the success.
There is no out in the market to totally help with you trading. Utmost people can show you the path but you have to walk alone. They can give you idea about strategies and you are the one who has to test whether they are working or not. I am also in favor of self learning for this very trading. I am not in mood of taking help from experts because that is simply wastage of time. You learn better from your own mistakes. What I have learnt in trading is to always monitor the market and most importantly know when to sell off, don't always wait to make the maximum profit as that might actually be your downfall.
The market is sometimes a bitch, but we need to understand.
If we can maintain our patience, we can make our way through. I am not that patient so when I usually see an opportunity, I grab it and wait again. There are those days that I've made mistakes but that is a part of learning and for me, that is important. Life is not always great, the same as what we are doing.
That's the reality of trading, it is not that easy, although you are already expert sometimes you are also losing and your analysis can also switch position anytime, so you need to stay focus and don't just rely on your chart reading before entering your trade, you still need to check the movement from time to time.
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.
When Bitcoin price goes down and you don't want to lose money then the best solution is holding.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.
Technical analysis is very important to be a successful trader, it gives you the best strategy for current market.
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.
all traders experience it and whatever capital they spend will still return to their expertise in considering analysis, nothing works smoothly without being able to read trends because trading must be progressive. After all that I've been through, now it only requires active capital to enlarge opportunities. A successful trader lies in maturity to set the same daily target on an ongoing basis. If it cannot be stable with this, then many decisions need to be changed.
What I have learnt in trading is to always monitor the market and most importantly know when to sell off, don't always wait to make the maximum profit as that might actually be your downfall.
The market is sometimes a bitch, but we need to understand.
If we can maintain our patience, we can make our way through. I am not that patient so when I usually see an opportunity, I grab it and wait again. There are those days that I've made mistakes but that is a part of learning and for me, that is important. Life is not always great, the same as what we are doing.
Most importantly, you need to have patience in this market. For a trader or holder, patience is an indispensable factor, if you are impatient then you will never make a profit in this market. In addition, you need to have a basic knowledge of trading, so that you can analyze market situations and conditions. Trading is a very difficult job and it's not as easy as you think, you need to spend most of the day watching and waiting for the market.
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.
Become good trader only need much money because without have much money we can get profit and never have chance to be successful trader, skill is important but in ration 10% and 90% for successful in trading or investing is have much money, although have good skill to prediction with bitcoin and altcoin price without have much money we are nothing.
This is so wrong that I do not know where to begin, if the only thing that you needed to be good at trading was money then all of those rich people will not hire financial advisers to tell them how to manage their money.In order to become a good trader your capital is irrelevant, trading is a skill and like any other skills you need to obtain knowledge about the skill to become better at it and after you got that knowledge the next step is to practice the skill and you do not really need a lot of money for that, the only thing that money does as a trader is to increase your profits once you have a winning system but if you do not have that money will only slow down your inevitable failure.
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.
With all due respect it is impossible to tell you in just a few paragraphs what it is necessary for you to become successful as a trader, you have taken some steps on the right direction by beginning your journey as a trader and like most of us we have lost money at that stage, that is not unexpected, what you need to do now is to read everything that you can about trading and then test the different strategies that you see on the Internet and find out for sure if those strategies are profitable. 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 think you need to self-develop and self-educate in an integrated way. It will be not easy, and may take a lot of time. But I think it's the right path to the success.
I think we need to have patience first. In this market, if you have the patience, you will certainly succeed and make a lot of profits depending on your patience. In addition, you need to have other important knowledge such as: Analysis of Bitcoin and Altcoin charts, Market news ...
you are right all traders must have good patience because if they will be greedy and will not have patience so they can suffer lose so it is much better to wait for right time to trade and to get your profit. Waiting will never disappoint you in trading that's why I kept waiting for market to be stable and increase in price as selling now will show my greed and it’s not good for successful traders.
A lot of people are doing well in this cryptocurrency trading platform for a long time, You can be a good trader in this platform if you follow some indicators, I think cryptocurrency trading is safer and sound in comparison to the forex trading, I believe Cryptocurrency trading is very useful and user-friendly, If you really want to trade in this platform then the case is different but for me, Holding Crypto for a short term is more profitable than Trading, If you may have some Bitcoin then short term holding may bring to you good income. so the decision is yours.
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.
What I have learnt in trading is to always monitor the market and most importantly know when to sell off, don't always wait to make the maximum profit as that might actually be your downfall.
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.
I highly suggest not to trade and if you do, never use leverage. Bitcoin has these 500-1000USD wicks every other day or week and if your using even 3x leverage up or down. You will get liquidated or your stop loss will get hit. Exchanges that offer leverage or a place to trade make a killing off the funding rate and these wicks that occur. Now if your exchanging for alt coins that is a different story. One thing to note is bitcoin has never gone to 0 and has only gone up. So long term buying has been a good bet to make.
i think now not time for trading.because, bitcoin price now stable and now hard to tell what happen next with altcoins.so,that's why now i'm hold my all coin for future and became a good trader you should sometimes hold your crypto coin.
That's wrong, anytime you can do trading as you wish. But first, you should know how to predict and speculate the market condition and when you enter the point of buying and selling. For me, I want a tool that makes my trading activity easier. A trading bot is an answer. Next is you should know how to work the fundamental and technical analysis, once you have been master this, for sure a less chance of getting lose.
i think now not time for trading.because, bitcoin price now stable and now hard to tell what happen next with altcoins.so,that's why now i'm hold my all coin for future and became a good trader you should sometimes hold your crypto coin.
I think we need to have patience first. In this market, if you have the patience, you will certainly succeed and make a lot of profits depending on your patience. In addition, you need to have other important knowledge such as: Analysis of Bitcoin and Altcoin charts, Market news ...
Sounds cool but some factors should be considered before thinking about being patience, IMO. The profitability of the trade depends on the current market conditions, if the market is up and trader hesitates to sell due to the long-term expectations, the market will turn its direction sooner or later. The trader becomes upset and he regrets why he didn't sell his trading positions at the peak. Some projects fail or even delisted from the exchanges after the 500% ROI, from my own trading experience.
I think we need to have patience first. In this market, if you have the patience, you will certainly succeed and make a lot of profits depending on your patience. In addition, you need to have other important knowledge such as: Analysis of Bitcoin and Altcoin charts, Market news ...
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