It's not difficult to find what the trader needs. The first time, the trader needs to know where he can trade. Maybe he can read on the crypto news every day so he can add more knowledge to himself. But to analyze more, he needs to learn about learning the analysis so he can do analyze for the coin he wants to buy. That is not easy as he needs to practice more and more so he can find when to enter the market. He needs to select the right coin, as that is what he needs to find if he wants to make a profit.
But all will not work if he cannot learn about trading because many traders give up when they need to learn. Many of them are the group signal, which cannot give them the profit.
Topic: WHAT DOES A TRADER NEED? - page 6. (Read 1260 times)
But in short, tradingview is enough for ta. Just keep it simple, too many indicators is just making decision executing slower.
I can agree with that. I quite often see crypto TA influencers on social media clutter their charts with lines, moving averages, volume profiles, and so on.... how can one not get confused by so many indicators?I use a few indicators that work for me and keep my chart clean to not lose sight of the actual sentiment and trend within the market.... the more you clutter your charts with lines and indicators the more insecure you are as trader.
Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
The most important thing a trader needs is to to know what he is doing and why he is doing it, many times I find that traders just buy a coin with the expectation that it will go up in price, but if you ask them how much money they expect to get out of that trade or how many losses they can accept before they close their position they do not really know what to answer you, those kind of traders quickly lose their money and then claim this market is manipulated when they are the ones that did not knew what they were doing. Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
Knowledge and experience. That includes losing a lot of trades in the process. There's no assurance in trading so a trader should be able to manage timing and his capital. Proper expectations as well that not everything will turn out the way you expected. And lots of patience. The market can push you to your emotional limits. It's a matter of always being prepared. Technical skills will come in time.
I agree this two is important, knowledge to know what to do and experience to not commit the same mistake in the past and when the same problem occurs, you know how to tackle it. I may add the confidence too,because if you lack confidence you get rattled and nervous when something is not right with your trade. Emotions and nervousness follow, and you mess your trade.Knowledge and experience helps build confidence.The more experience you have, the more confident with your trade.
The most important thing a trader needs is a lot of capital, because most traders aim for a 1% daily return, that means that they need at least $10,000 to make $100 a day. However, very few traders can get this kind of returns. also, As a trader, it is more important to know that you will always follow your rules than it is to make money because whatever money you make, you will inevitably lose back to the market if you can't follow your rules, and leave your discipline.
At the same time you need to develop your thinking which typically comes from live trading experience. the market is your teacher, and As you trade over time you will learn what works and what doesn't. you need to learn basic technical analysis, chart reading, fundamental analysis, and risk management, and the most important skill is to fully understand how the way you think affects what you do which affects how much you make.
read more , learn more and do more.At the same time you need to develop your thinking which typically comes from live trading experience. the market is your teacher, and As you trade over time you will learn what works and what doesn't. you need to learn basic technical analysis, chart reading, fundamental analysis, and risk management, and the most important skill is to fully understand how the way you think affects what you do which affects how much you make.
even if you have 100 million usd to trade and targeting as low as 0,1% daily , you will get busted sooner or later, why? because the bigger money you have in your wallet to trade , the bigger pressure you will get everytime you are going to make a decision to buy or sell.
it is better to start with reasonable amount , get lost try again and repeat until you learn someting from it and changed you into a better trader.
that is why i encourage every trader to read more, you will get an advice from experts by reading books.
learn more, you will gain experience when you learn from the mistakes you have done in trading.
do more, you will learn a lot of new things everytime you have done something in trading.
pretty simple if you do all of those in disciplined.
Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
This depends on your trading style, you probably need tools if you want really high frequency trading but i wouldn't do that with cryptos.
I've seen succesful traders using only one laptop and some slow frequency swing traders using only their phone.
What you really need is information and do some serious learning on ta, and if you trade fundamentals and real world event based news fomos. You need to learn about the project and be step ahead.
But in short, tradingview is enough for ta. Just keep it simple, too many indicators is just making decision executing slower.
Identify what coin you are going to trade first.
List them, look at its history, the price dumps and pumps from the recent time.
How far could it go.
Is the coin still being advertised in different websites or social media?
That is likely how you will think to every coin you will add to your list.
List them, look at its history, the price dumps and pumps from the recent time.
How far could it go.
Is the coin still being advertised in different websites or social media?
That is likely how you will think to every coin you will add to your list.
Traders need a lot to be successful in trading. One of them is patience that is really difficult to resist especially when you are in a bearish situation. And this is the only thing to overcome, so you can stay calm in the turmoil of the market and think carefully about the right steps to take.
Alot of what ? You need to be specific because alot word is too general but when you say patience ( alot of it ) that is one recipe to be a good trader because not all times there is an happy hour or happy times but sometimes we also need to take a rest and be patient while the market is still sleeping or recovering. There are still people that can't become patient especially when their coins are in a critical state and they are likely going to fail
Traders need a lot to be successful in trading. One of them is patience that is really difficult to resist especially when you are in a bearish situation. And this is the only thing to overcome, so you can stay calm in the turmoil of the market and think carefully about the right steps to take.
These are the basics that we need in trading but we shouldn't just use, it's important that we'll choose especially when it comes to tools and platform. Knowledge and understanding of the basics of trading is the best weapon that you could have before entering trading. You should know how to deal with the market as well as your emotions.
Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
For a start, yes that would be enough.
The most important thing is knowledge to determine where prices will be in accordance with a comprehensive understanding of market behavior.
The last thing; the lone wolf may not get better results compared to the wolf pack.
Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
You have the basic information that you need already, what you need to do next is to choose the trusted site where you want to get the latest news and use the platforms/tools that you can easily use so you can trade without any problems.
You can start by small trading so don't have to worry if something will happen and you need to adjust in order to gain a proper profit in the next trade. Once you are already comfortable then you can maximize your trading volume.
In my opinion, all that a trader needs is an understanding of where the market trend will move.
To form this understanding, a trader needs experience and the realization that the cryptocurrency market is constantly being manipulated.
Due to the high volatility of the crypto speculation market, it is a favorite occupation of large players, which means that even if you read the market trend well, you can make a mistake, because often not everything depends on the natural processes taking place on the market. It is difficult, but it needs to be learned.
make trend as our friens was not easy.many traders could not survive and failed in their trades mostly they make mistake identifying trend.trend was very crucial for each traders .by learning and practice we will slowly understand which trend is running now.daily high volatility also be the reason ,why we make mistake when set the trend.there are two kind of trend that we have to learnt,and it very helpfull when we could differentiate. First was major trend ,it could identify in daily time frame and minor trend that usually in daily tf such as 1h 4h .when we could identify major and minor i am sure we will survive. To form this understanding, a trader needs experience and the realization that the cryptocurrency market is constantly being manipulated.
Due to the high volatility of the crypto speculation market, it is a favorite occupation of large players, which means that even if you read the market trend well, you can make a mistake, because often not everything depends on the natural processes taking place on the market. It is difficult, but it needs to be learned.
Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
Enough with such crap ideas mate. Basics will get you through and let the the experience such as losses be a thing for you to improve. You won't get any farther by just asking with loads of ideas. Try to step up with yourself, and you'll find what you are looking and what are your short comings. And try to improve those. Do what you know, change what you need to, and improve what should need, and add what you don't have.
In my opinion, all that a trader needs is an understanding of where the market trend will move.
To form this understanding, a trader needs experience and the realization that the cryptocurrency market is constantly being manipulated.
Due to the high volatility of the crypto speculation market, it is a favorite occupation of large players, which means that even if you read the market trend well, you can make a mistake, because often not everything depends on the natural processes taking place on the market. It is difficult, but it needs to be learned.
To form this understanding, a trader needs experience and the realization that the cryptocurrency market is constantly being manipulated.
Due to the high volatility of the crypto speculation market, it is a favorite occupation of large players, which means that even if you read the market trend well, you can make a mistake, because often not everything depends on the natural processes taking place on the market. It is difficult, but it needs to be learned.
Want to be a good trader? then you have to know every ins and out of trading, you need to know every detail about this issue, firstly, you must gather knowledge about the current and recent past market, also you need to be able to predict what's coming, what may come, before entering this trading platform, you have to be very technical, when you get a lot of market chart then you need to take very quick decision regarding every segment, instant decision making capacity could reach you to the ultimate goal, of course, you should control over your emotion, don't take any decision based on emotion, I think every market-related information is necessary for a good trader.
Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
For a trader to be sound in his or her trading, there are so many things that is needed, and some of the vital things needed are the things you mentioned here, and one of the most important thing is first to have a very quality knowledge about it, so what we need to go for first is good training, it is through training that we will have some strategy developed which is the second vital thing that we need. Using platforms/tools?
Is trading view enough?
After we have all those mentioned, we can them be listening to news for fundamental analysis, while it is strategythat we need for technical analysis. It is also extremely important that we make use of trading platform that will make our trade easy, and platform like binance would really not be a bad idea for any new beginner or pro trader to use.
Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
You need to make profits that is the point of being trader for that you may have to spend time to analyse the real world and plan your strategies based on this but nothing is 100% accurate when it comes to crypto so nothing will be enough and even anything will be enough.Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
If don't have technical analysis skill but still you know that you can make profits by selling it high price and we have to wait until that no matter of what still he is a trader.
Just like what you have mentioned, reading is a big help. Not only news and updates but you can also read some stuffs giving information how to be a good trader or what are the essentials in order to be a good trader. Everything can be learn by reading. There are a lot of site or blogs that give tips howe to trade. Dos and donts. So continuous reading is helpful. And if you experienced losing, that's fine. A saying said that experience is the best knowledge.
Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
Skill to analyze chart, or maybe price of each bitcoin and altcoin. Good mental, because not only skill that we must have, but strong heart so we are not easily affected by price movement that is really fast. I think most important is that 2 thing, because once you gert panic, you will careless to make any decision which can make you lose in trading. Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
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