How to make a successful Trade?

[Text]

You should not only focus on one coin. Because sometimes the movement of its value is only rising, if it falls there's a chance that it will not hit the less value compare the previous price. So you need to consider other coins to observe while you are waiting for a certain coin to make profit.

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[danherbias07]

You should not only focus on one coin. Because sometimes the movement of its value is only rising, if it falls there's a chance that it will not hit the less value compare the previous price. So you need to consider other coins to observe while you are waiting for a certain coin to make profit.

Correct. Be flexible and try some other things. Besides some coins doesnt take too long to live and might as well profit from that before it ends. Be positive in every trade you make even if you will just profit in a small amount.

[DoublerHunter]

To make a successful trade you should be patient on waiting for the coin to pump (If you buy that coin on a high price) and also you are willing to study the coin or market so it will be more comfortable for you to trade coins on a particular trading site. Be patient and don't be greedy and impatient on trading because it will only end up worse.

[Aamir1]

You should not only focus on one coin. Because sometimes the movement of its value is only rising, if it falls there's a chance that it will not hit the less value compare the previous price. So you need to consider other coins to observe while you are waiting for a certain coin to make profit.

That's right, someone should not just keep his focus on one coin as maybe the coin stays stable for sometime then his trading would stop, someone should try 2 or 3 coins together dividing the capital on them in order to keep his trades alive.

[upsidedown75]

You should not only focus on one coin. Because sometimes the movement of its value is only rising, if it falls there's a chance that it will not hit the less value compare the previous price. So you need to consider other coins to observe while you are waiting for a certain coin to make profit.

That's right, someone should not just keep his focus on one coin as maybe the coin stays stable for sometime then his trading would stop, someone should try 2 or 3 coins together dividing the capital on them in order to keep his trades alive.

Yes, having more than one option will help always. Unless we are not trading only with well established altcoins, we must have many alternatives when one altcoins is getting severe dump in quick times.
But practically the problem is, when we are having more options to trade we need to focus technical analysis on each of them, which will be very hectic for a trader.

[Omega Weapon]

As far as I know a successful trade is a trade where you booked a profit.  One of the goal of trading is to buy low and sell high.  but meeting this situation is not that easy.  You need to be patience, do research and monitor the price movement of your trade.  You also need to be updated of certain rumors and news and use it to your advantage.

I think the hard part is getting updated with the right news or rumors. The one that will actually effect the price of the commodity you are trading. If you have good sources of that kind of news, making profit and becoming successful in trading will be easy.

That is only one way to trade most traders prefer to also use a mathematical approach and analyze the markets for possible ways to predict what the market will do next and taking advantage of the opportunities that present themselves.

[Mark02]

As far as I know a successful trade is a trade where you booked a profit.  One of the goal of trading is to buy low and sell high.  but meeting this situation is not that easy.  You need to be patience, do research and monitor the price movement of your trade.  You also need to be updated of certain rumors and news and use it to your advantage.

I think the hard part is getting updated with the right news or rumors. The one that will actually effect the price of the commodity you are trading. If you have good sources of that kind of news, making profit and becoming successful in trading will be easy.

That is only one way to trade most traders prefer to also use a mathematical approach and analyze the markets for possible ways to predict what the market will do next and taking advantage of the opportunities that present themselves.

Yeah. But load and Sell High was not that easy. First you need to predict how low will be the coin to bid for its price and then think again for possible pump of that coin. That was not it. Some coins may dump but can dump lower. So, make sure to analyze the movement of its price first before buying or selling that kind of coins.

[icecube45]

Yes indeed both are necessary to succeed in the trade. We are required to have skills that can have a strategy in trade, so that we can predict with a good price so that could be an advantage. But luck is also needed because of the skill with no luck in my opinion would be futile.

Is it really true that skill with no luck would be futile? Do you know of any one successful lucky trader anywhere? As an experienced trader,I must say that it is very possible to have skills and zero luck and turn up quite successful in trading currencies, but it is near impossible to achieve same with luck and zero skill. Any trader relying hundred percent on luck, isn't really not a trader, his/her veritable place is with the casinos.

Yes it is true that the skills of the main factors affecting the success in trading. But that does not mean we do not need luck, professional traders also definitely need luck to enhance their skills to be an profit. So I think to be successful in the trade in addition to skills also need luck, the market is very difficult to predict especially when the economy is unstable.

[Blackdeath]

I once demonstrated a trade procedure for a friend who was new in trading bitcoins.  All i did to make the trade successful was to introduce him with localbitcoins traders in our region.  And he said that was cool after successfully trading.

Trading concept is too simple. Buy cryptocoin through buy order. Wait for some newbie traders to do rush trading because they would afraid that rate won't go up.
Then once you bought some, sell it quick with a higher price than price you bought it.

[stomachgrowls]

Yes indeed both are necessary to succeed in the trade. We are required to have skills that can have a strategy in trade, so that we can predict with a good price so that could be an advantage. But luck is also needed because of the skill with no luck in my opinion would be futile.

Is it really true that skill with no luck would be futile? Do you know of any one successful lucky trader anywhere? As an experienced trader,I must say that it is very possible to have skills and zero luck and turn up quite successful in trading currencies, but it is near impossible to achieve same with luck and zero skill. Any trader relying hundred percent on luck, isn't really not a trader, his/her veritable place is with the casinos.

Yes it is true that the skills of the main factors affecting the success in trading. But that does not mean we do not need luck, professional traders also definitely need luck to enhance their skills to be an profit. So I think to be successful in the trade in addition to skills also need luck, the market is very difficult to predict especially when the economy is unstable.

Luck would be still in need even on trading career  because implementations of our plans on a certain trade would not be succesful if luck is lacking somehow.I do believe also on your insight regarding luck on doing trading yes i agree prices are too volatile having knowledge and experience would be an edge but there are really times that prices will go on opposite way if you do have luck and able to get out on earlier time then its already considered as lucky.

[icecube45]

Yes indeed both are necessary to succeed in the trade. We are required to have skills that can have a strategy in trade, so that we can predict with a good price so that could be an advantage. But luck is also needed because of the skill with no luck in my opinion would be futile.

Is it really true that skill with no luck would be futile? Do you know of any one successful lucky trader anywhere? As an experienced trader,I must say that it is very possible to have skills and zero luck and turn up quite successful in trading currencies, but it is near impossible to achieve same with luck and zero skill. Any trader relying hundred percent on luck, isn't really not a trader, his/her veritable place is with the casinos.

Yes it is true that the skills of the main factors affecting the success in trading. But that does not mean we do not need luck, professional traders also definitely need luck to enhance their skills to be an profit. So I think to be successful in the trade in addition to skills also need luck, the market is very difficult to predict especially when the economy is unstable.

Luck would be still in need even on trading career  because implementations of our plans on a certain trade would not be succesful if luck is lacking somehow.I do believe also on your insight regarding luck on doing trading yes i agree prices are too volatile having knowledge and experience would be an edge but there are really times that prices will go on opposite way if you do have luck and able to get out on earlier time then its already considered as lucky.

Yes, luck is also needed in the trade and was also have a role in the success. Indeed skills are required and are essential for trading success, but luck as a complement that can get profits. Very difficult to predict the market price because any time the market price may change and luck will be needed.

[ethereumhunter]

I once demonstrated a trade procedure for a friend who was new in trading bitcoins.  All i did to make the trade successful was to introduce him with localbitcoins traders in our region.  And he said that was cool after successfully trading.

Trading concept is too simple. Buy cryptocoin through buy order. Wait for some newbie traders to do rush trading because they would afraid that rate won't go up.
Then once you bought some, sell it quick with a higher price than price you bought it.

the basic of trading is like that, and we can follow this method but if we want to take more profit, then we should make a good analysis about the trend of the coins from the market. how is the position of buy order and sell order is really matter to us to watch and analyze that to get the profit we want.

[Dudeperfect]

I once demonstrated a trade procedure for a friend who was new in trading bitcoins.  All i did to make the trade successful was to introduce him with localbitcoins traders in our region.  And he said that was cool after successfully trading.

Trading concept is too simple. Buy cryptocoin through buy order. Wait for some newbie traders to do rush trading because they would afraid that rate won't go up.
Then once you bought some, sell it quick with a higher price than price you bought it.

the basic of trading is like that, and we can follow this method but if we want to take more profit, then we should make a good analysis about the trend of the coins from the market. how is the position of buy order and sell order is really matter to us to watch and analyze that to get the profit we want.

I have been following this rule of warren buffet, he says “Be greedy when others are fearful and fearful when others are greedy”. It actually works while trading and I have made some profits with this method. When the trollbox shout and force us to buy a particular coin then I usually sell that coin and vice versa. I strongly do my own research before investing or trading with any coin since I had some experiences before this decision.

[BitcoinHodler]

I once demonstrated a trade procedure for a friend who was new in trading bitcoins.  All i did to make the trade successful was to introduce him with localbitcoins traders in our region.  And he said that was cool after successfully trading.

Trading concept is too simple. Buy cryptocoin through buy order. Wait for some newbie traders to do rush trading because they would afraid that rate won't go up.
Then once you bought some, sell it quick with a higher price than price you bought it.

the basic of trading is like that, and we can follow this method but if we want to take more profit, then we should make a good analysis about the trend of the coins from the market. how is the position of buy order and sell order is really matter to us to watch and analyze that to get the profit we want.

I have been following this rule of warren buffet, he says “Be greedy when others are fearful and fearful when others are greedy”. It actually works while trading and I have made some profits with this method. When the trollbox shout and force us to buy a particular coin then I usually sell that coin and vice versa. I strongly do my own research before investing or trading with any coin since I had some experiences before this decision.

although that rule alone is not useful but i agree that it is always a good thing to have in the back of your head.
it is like what i always say whenever you see a topic on bitcointalk telling you to buy a coin it means that either price has already risen and they want to cash out or the price is falling and they want to slow it down.
and this is easily confirmable by checking out that particular topic in a week or two and check the dates with the prices, you can see why they did say that.

[rizkyhiw]

I once demonstrated a trade procedure for a friend who was new in trading bitcoins.  All i did to make the trade successful was to introduce him with localbitcoins traders in our region.  And he said that was cool after successfully trading.

Trading concept is too simple. Buy cryptocoin through buy order. Wait for some newbie traders to do rush trading because they would afraid that rate won't go up.
Then once you bought some, sell it quick with a higher price than price you bought it.

the basic of trading is like that, and we can follow this method but if we want to take more profit, then we should make a good analysis about the trend of the coins from the market. how is the position of buy order and sell order is really matter to us to watch and analyze that to get the profit we want.

a successfull trade is not about just how you making profit temporarily from it
but a successfull trade is when you have done trade for long time means you survive play it
not many people done this , mostly just came and go
this is an important principle that every trader must have.

[ethereumhunter]

You should not only focus on one coin. Because sometimes the movement of its value is only rising, if it falls there's a chance that it will not hit the less value compare the previous price. So you need to consider other coins to observe while you are waiting for a certain coin to make profit.

i agree with this but its only work if we have more funds in our balance so we can buy two or three or four altcoins and then we can continue to trading. if we only have limit funds, then it would not good if we spent all of our funds, because we need to have back up for our funds. better to buy from small to small but very often to do this rather than we buy in one times but we need to wait until a week then we can take the profit.

[Simple_Lord]

My strategy is to buy bitcoin in a low price as much as i can and sell them at a very high price. When u get use to it u can earn lots of money if u have a Skrill, Nettler, Webmoney or a visa account with USD in it i can recommend u IQ option i use that website/app to trade. It is very simple u can search online to get more information about IQ option.

[Capradina]

My strategy is to buy bitcoin in a low price as much as i can and sell them at a very high price. When u get use to it u can earn lots of money if u have a Skrill, Nettler, Webmoney or a visa account with USD in it i can recommend u IQ option i use that website/app to trade. It is very simple u can search online to get more information about IQ option.

Yeah that's something definite strategies easy and most profitable for trading with bitcoin. Because these strategies will automatically give you an advantage if we can patiently wait for when the time is right, because it is an advantage in the bitcoin bigger than trading with other currencies. But it all must be grounded with the correct thought and purpose, do not get the wrong thoughts and destroy our lives

[serjent05]

I once demonstrated a trade procedure for a friend who was new in trading bitcoins.  All i did to make the trade successful was to introduce him with localbitcoins traders in our region.  And he said that was cool after successfully trading.

Trading concept is too simple. Buy cryptocoin through buy order. Wait for some newbie traders to do rush trading because they would afraid that rate won't go up.
Then once you bought some, sell it quick with a higher price than price you bought it.

Lol it is easier to put it in text than to actually do it.  Because if that is as easy as that, there will never be a single person that will lose in trading.  But actually concept is to buy low and sell high, attitude should be, have patience and knowledge should be, reading charts, researches and background of your holdings. There is always a challenge for a successful trade.

[xIIImaL]

My strategy is to buy bitcoin in a low price as much as i can and sell them at a very high price. When u get use to it u can earn lots of money if u have a Skrill, Nettler, Webmoney or a visa account with USD in it i can recommend u IQ option i use that website/app to trade. It is very simple u can search online to get more information about IQ option.

This is global etiquette in trading buddy. Some people use to hold the bitcoins from the part of earning bitcoins and some time after the price rises they use to utilize the time and they use to make a profit.