Bitcoin Forum

First we need to understand what Trader is?
In the financial market, Trader is an individual who makes purchases / sales of financial products such as forex pairs, securities, indices, gold, silver, cryptocurrency, etc. under nominal of myself or representing other organizations / individuals. When it comes to Trader, it is about short-term speculation and seeking profit through price difference, in contrast to the term Investor (investor) who is trading in a longer time frame .

1. Have a right mindset
When starting to become a Trader, traders will face many new factors of this profession. Trading in the financial market so far has never been an easy job. Some statistics show that the number of Traders failed in the financial market ranged from 85 - 95%, which is a relatively small success rate. Some of the right minds about being a Trader are:
Trading in the financial market is not a quick way to get rich. There is no method to ensure 100% victory when investing in financial markets.
In order to successfully trade, Trader must have a strict, specific trading plan, and especially must strictly follow the trading plan. Be patient because the success of a Trader will come for a long time

2. There is an effective trading system: Any Trader who trades on the financial market must have an effective trading system, proven over time. This trading system must help Trader identify some important elements of a trading plan, including
How to determine market trends to determine market status at the present time (uptrend, downtrend or moving sideways)
How to specify the market entry point
How to specify the stop loss of the order
How to specify the key-point of the order.
There is a trading system that helps Trader limit the impact of emotions on the transaction, ensuring the objectivity of the investment

3. There is a strict capital management rule
Investment in the financial market requires investment capital. Strict investment protection and management is a prerequisite for Trader's success. In its capital management rules, Trader needs to clearly identify some points

Order volume for each trading order on the market
Acceptance risk level of each transaction (consultants should only be 1-3%)
Risk level accepted for each trading day, every trading week, each month of transactions, ..

Above is the article: how to become a professional Trader ”hoping to bring you the most useful knowledge. Trader is a simple job. To become a professional trader and earn money from financial markets, especially electronic money, you need time and perseverance to learn more than knowledge and practice, even to consume money. Good luck.

One thing I believe is that there is someone out there that have achieved what you want to achieve though maybe not to the extent you want to achieve it, so all you need do in order to become a professional trader is to contact professional traders who are way ahead of you to teach you all about the trading market, you can make them your mentor at that particular point in time so that you will learn the secrets of becoming a professional trader.

I think the best way to be a pro trader is gain a lot of experience even do its bad or good experience still the best teacher ;)

Oh! Thank you very much. However, it is not easy for them to support me because most of them are busy. Perhaps self-accumulating experience by referring to the documents will be good for me. But I still hope it will be easier for many people to teach to learn.

Experience will be the best teacher. But you should remember the rules that you should follow before this. Because, immediately starting trading will cause unnecessary losses without any knowledge.

Trading bots. A pro trader would take advantage of trading bots as he/she can't spend day and night checking every exchanges.
You need to have a fixed formula for when to buy and when to sell and at what amount. It would remove the chances of sentimental trades.

Being a trader is not easy as someone imagine but if you continue to learn plus experience you will gain knowledge like what OP mentioned above, Im not a Pro trader but because I want to learn trading I do some research, watching videos on youtube then I apply it in real trading now I can earn profit but not all my trading are wins.

Why is there any need to become a trader when it's also possible to make a good profit of money if you follow easy steps? You can buy different promising coins and avoid the trading risks of high fees if you switch your position or if you make a wrong decision in trading.
The only thing that you need to know is which coins to buy. There is also risk but much lower than risks from trading.

You'll save much money and the whole risk connected to huge trading activity.

We have different styles on how to execute our plan though your ideas is very useful especially if you want to become a professional trader in which almost everyone wants it. Knowing that you can gain a good amount of profit if you can trade professionally.

But for me here is the basic trading technique that will help you grow someday. Knows what platform to use,be patient,be updated to any news about crpto currency and the most important thing to do is research first before trading.

As far as I know there is a trading course website, and you need to pay before proceeding what they are going to give to you. Its just to expensive to avail it, but I think it will good a good benefits once you have it. It is about in trading Forex and crypto, because honestly speaking trading was not easy to understand, real talk only. It is a matter of hard work, dedication,  and passion before We become a called professional traders.

There are a lot different forms of trading. Study them all. Find what suits you. Look for every resources. Diversify your work. Even though you might feel easy and have more profit in a particular sector, diversification is a compulsion if you don't want to fail.

having as much experience as possible will make us proficient in deciding the right course of action in trade. do not give up easily if we have suffered losses in trading, keep trying to get satisfying results. As much as possible we should be able to improve our trading strategies so we can get a little profit

Need a lot of experience and i think also old traders can make mistake and if something happen and not have luck can have a loss on any coin invested. But indeed is need a money management when trade.

If anybody want to be a professional trader he needs some criteria and lot of experience.
1. Lot of experience
2. Lot of money for investment
3. Big Hearted
4. Capable to maintain bad time easily.
5. Lot of Patient
6. Honest and Good Ambition.

I think this things are highly needed for professional trader. 
     

The most important thing is money management yeah where a trader must have sufficient economic skills, market analysis and wide scope will bring traders to profit even in difficult market conditions. Understanding is very complicated I also sometimes experience loss and adversity, so financial management is the most important.

In crypto the most successful traders are the ones who invested as early as possible. This is why there are lots of ICOs in the past because we end up trading those tokens after listing it on the market. Buying back after dumping might not even the right option after it but going to the basic pair such as BTC/USDT. Even then I'm still not a pro that OP aims to be, most pro so far usually just use the bots to do it for them.

using bots just allows you to feel calm and not sit at your computer the whole day. bots can earn less money that by yourself but more calmly

yes, mindset is the most important things for trader, because trader is not gambler
because only few people have the right mindset in their trading activity
also always remember an old trader quotes " Don't be greedy"  ;)

There is no easy way to trade. You need to work hard and constantly gain experience. You need to research the market and constantly practice.

In my opinion, in order to become a professional trader, you first need to learn to understand and analyze the market, since this is the most important aspect of any trader’s activity, all other skills come with trading experience, of course, there will be no good profit deals right away and this is important in this area.

Easier said than done. To become a good professional trader is a complicated thing. I have observed the crypto market for the last 10 months and i can say that no amount of technical analysis can make rich, it is always the hype and the whales that dictate the market.

Day trading is an art form. There is no magic formula. If there was, everyone would be rich.

Start at trading view dot com, load a chart, and look at all the tools. For every single tool you see such as Elliot Waves, Fibonacci Levels, Head and Shoulders, you should google or youtube all of them. Also, for every indicator you see on the chart, you need to youtube those as well. There are 1000's. You also need to learn to read bar charts. You should also learn what fundamental analysis is.

Definitely in any career experience is the key for being the best of the best in your path.Experience teaches you things that you should and shouldnt.Trading is no difference you cant be a good trader by just praying you need alot of hardwork and experience

I think to be a professional trader you don't need any seminars or lot of objective study. It is all about learning and experiencing about trading. It is like a scientist or inventor,they need to experienced failure because we learn from our mistake. It is all about an trial and error,just have a continues learning and patience.

Of course. No courses will help. Only practice. This practice can last several years. Only then will you become a good trader. And take a course, or download a robot. It's all nonsense. They still believe in this, it upsets me.

I agree that experience will teach many things and will make our techniques develop faster. Even though we experience loss but if we understand why we are losing, and evaluate our mistakes, we will be able to understand price movements in the market

At initial you necessitate to patience, as i reason patience is the vital of booming trader than carry on to be trained plus point undergo you will addition knowledge. Im not a Pro trader but for the reason that I require to become skilled at trading I puzzle out around research, study videos on youtube afterward I attach to it in sincere trading immediately I bottle earn profit and that's why 80% trade i win 

A well written guide. I think the having the right mindset is very vital to the success of a trader because without it, you will lose your focus, panic and end up losing money.

You forget one important thing. The emotional of traders is something that will determine how successful the trader in the future. Mindset can be affected by the emotions of the trader. A trader must try to learn about how they can control their emotions and they can build a good mindset. So many people have been losing a lot caused by they can't control their emotional to the market.

This is one thing I have been loving to learn TRADING. some person even demanded for funds to teach me. Thank you buddy fir such insightful guidelines. It's easier now than before and I do hope I improve more in my trading with this your directives.

Before you start it is good to try your trading skills on demo account. Do not forget that technical analysis doesn't always have to be the only method, for example Bitcoin is mainly affected by sentiment in the market.  ;)

The demo account is used temporarily in order to understand how to trade properly while the OP is asking to become a PRO, in my opinion to become a PRO is not easy because it must have a lot of experience that can be used to know what will happen if you take an action in trading, so the point is when you have a lot of experience it will automatically become a professional trader.

Well, to become a professional trader you must first learn at least the basics of trading cryptocurrencies. Without such knowledge, you risk losing your capital fastly. In fact, that's the real difference between trading and gambling.
Also, you have to build your experience in trading with time, you will learn a lot from your trades.

Like I keep saying, you only become the best by learning and continuous learning. You need to keep asking questions, go to some good resource directories like YouTube, learn from those who have been in your position in the past. Get a notepad of modules and keep learning. Watch lots of videos on different strategies and find out what works and what doesn't. Also, when you have had a hang of it, use the demo trading feature on exchanges like koinpro to perfect your knowledge. Do this repeatedly and you will get to the top.

Becoming a pro in trading crypto currency is beyond having a right mindset or management skills.

Trading demands you to read, study, master the arts of chart reading, source out for information, relate it to the curves of the trade...

Then practice, fail, practice, fail again until you are able to understand a strategy suited to your personality

That means beside the technical analysis and OP must try to learn how to determine the trend based on the fundamental analysis and we can the news as your data to speculate what will be the sentiment that happening in the market.

Anyone can be a pro trader through learning and experience. Understand the flow of the market with the right mindset and not only focus on how to earn quick because it has a process. Being greedy is the problem of traders thats why they are losing their money, to avoid this we need a plan and strategy.

Its better to take it slowly and gain experience because thats one of the step to be a pro trader.

if we want to be professional trader, we should learn everything. We need to be good in every skill because money can not control everything. we must understand what happen in the market. we must learn the flow of the market and make the right decision based on it. we should be patient and not greedy. Be smart trader in every situation is the right choice!

This thread suits better in the Trading Discussion, OP. You should move it there, plus if there's reference you get that info, you should put a link into it.
Newbies would appreciate reading those tips at the board I mentioned rather than here.  :)

I thought, to become a professional trader, you need to have good knowledge, have a business mind, you must understand market trends, and of course, you also need a lot of experience. And in fact, greed is a common problem for traders. To overcome this we need experience as well as careful planning before investing.

A professional trader, one who has a license to directly trade on the exchange.  This is not a private fan, and in order to become one you need to gain experience in trading and understand all the nuances of this business.  This is a lot of work and desire, and then you will achieve your goal.

The best way to earn in trading is buying low and selling high, but it's way better to have both BTC and stable coins e.g usdt or usdc, their time will come where you will need one of the too, with this you will be able to take advantage of both bear and bull market

PRO traders doesn't always mean if the trader must have a lincensed. I should remind you that if this is crypto which all of platforms were open source platform and everyone can use it without needed any license as a key to use the platform. A thing that has needed to be a pro trader was experience and knowledge.

There is actually requirement of becoming a professional trader but this one Im sure about them is they have more knowledge about crypto trading because you will not become a pro once your knowledge is a little only .

It doesn't matter if you are pro or beginner the importance with that is earning money . Im not a pro until now but I can earn money weekly and I think that is enough .

I think not everyone can approach a professional trader to study, most people will have to learn by themselves and go their own way. But in reality most people will give up and they cannot become a professional trader.

The expert traders employed by companies like crrypto funds and investment crypto market. Some day traders do make money from crypto market . However, the odds are definitely not in your favor. One research report published by several crypto professors determined that in any given year. though this can increase dramatically as a trader gets more experience and their results improve.

If you want to do something well, do it yourself. No matter what they explain to you, no matter how much-experienced mentors tell you until you try to do it yourself, you won’t understand anything. Experience is the key to success, however deplorable. No way without it.

Whatever you say, in the end it is the experience that will make one a "professional trader". The more you keep on trading and the more time you spend on trading, the better you will become. You will learn a lot through your trading sessions, you will also make a lot of mistakes. Try to understand what you are doing and learn from those mistakes.
Everything you mentioned (having right mindset and capital management) will come automatically once someone gets used to trading.

More experience and more knowledge will have gotten by the traders to learn from their past experiences. This is the main key that has been doing by so many pro traders. Loss is just a common thing for them all.
People needs knowledge and they can get from doing it.