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Author Topic: Trading like professional.  (Read 3244 times)
upsidedown75
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December 04, 2016, 07:47:25 PM
 #61

Pro traders doesn't always win still, this is why they stick to BTC because this coin always win. if you are talking about FOREX then thats more complicated due to each county's economy.
Bitcoin like any currency has ups and downs and if you are unable to predict the movements then you are going to lose money, so no if you trade with bitcoin you are not going to always win, although it is a good investment.
You are always going to win if you have little patience along with some healthy bankroll because the ups lasts longer in bitcoins than the downs and hence what we all need to do when the price is low is just wait for a while.
I have given loss due to my impatience earlier and hence I know this.
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December 04, 2016, 07:54:05 PM
 #62

Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 

The most skillful trader is the insider trader, you can study 2000 books but trading is always a mystery, especially bitcoin trading
But if a person study deeply about trade and learn all the tricks involve in trade and he will have a very good intelligence then he will be a very expert trader and will not lose any penny in his trades. All you need to get knowledge you will be professional.
i'm disagree with you when you say "will not lose any penny in his trades", even they are expert trade they can make mistake too, so one trader can always get profit, but the important point for trader is final result is gain profit example they have 2 trade, 1 trade gain 2 btc profit but in another trade they lose 0.5 btc the final result is they gain 1.5 btc, so they can be lose but they lose covered with another trading profit

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December 04, 2016, 08:43:06 PM
 #63

To be a skilled trader you have to endure a lot of losses first and learn from your experiences, but one advise that is always very effective in knowing where prices will go is watching out for news and latest economic calendars.
The truth is that you don't have to subject yourself to lots of losses to become a skillful trader as the best way to learn a thing is from other people's experiences, wait to learn from your experience might end up a fatal experiment. Good news is that there are many useful sites and resources online and that are even free to get you on your way to successful trading only time and patience is highly needed, unfortunately so many people are having them in short supply

While I certainly agree that it is better to learn from other people's mistakes and experiences, but it is rarely the case. And what is more distressing, people typically don't make the same mistake twice. It is usually three or more times, while some people can learn it only the hard way, very much like in gambling, and some cannot learn at all. Books can be helpful if they suggest specific techniques, strategies (which are mostly useless, anyway), or explain in detail such intricate financial assets like futures, options and swaps. Other than that, books are pretty much useless too, primarily because they tend to complicate the matters beyond what is actually required for a wannabe trader...

After all, the authors of such books have to write about something on two or three hundred pages

Mbokani
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December 04, 2016, 10:09:58 PM
 #64

Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 
There is no specific methodology while trading. the only basic method is buy low and sell high and it is the basic thing to remember and understand the market and monitor it carefully and understand the resistance level and make a stop loss for damage control if something negative happens .
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December 05, 2016, 07:03:17 AM
 #65

Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 
There is no specific methodology while trading. the only basic method is buy low and sell high and it is the basic thing to remember and understand the market and monitor it carefully and understand the resistance level and make a stop loss for damage control if something negative happens .

It largely depends on what you are trading

But with bitcoins it is quite close to that. If you don't want to just buy, hold, and wait till the price grows (which seems to be the simplest method which can still be loosely called trading), you can use a more active approach trying to ride a wave. But it is more time consuming on the whole, and you have to watch the prices very closely since they are prone to abrupt movements, in both directions. And when the price more or less constantly rises, it may not be very effective in comparison with the first approach (i.e. simple buy and hold)

Victorycoin
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December 05, 2016, 02:02:38 PM
 #66

Pro traders doesn't always win still, this is why they stick to BTC because this coin always win. if you are talking about FOREX then thats more complicated due to each county's economy.
Bitcoin like any currency has ups and downs and if you are unable to predict the movements then you are going to lose money, so no if you trade with bitcoin you are not going to always win, although it is a good investment.
You are always going to win if you have little patience along with some healthy bankroll because the ups lasts longer in bitcoins than the downs and hence what we all need to do when the price is low is just wait for a while.
I have given loss due to my impatience earlier and hence I know this.
The cryptocurrency market is still young, so for now your approach might seem right, but as time goes and the market stabilizes, you will discover that you may never get to win all trade and some might want to take forever to turn profit. For instance, if you had bought BTC in 2013, when the price hit over $1000, by now you would still be angry with yourself for such a rash decision.
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December 05, 2016, 03:56:28 PM
 #67

Pro traders doesn't always win still, this is why they stick to BTC because this coin always win. if you are talking about FOREX then thats more complicated due to each county's economy.
Bitcoin like any currency has ups and downs and if you are unable to predict the movements then you are going to lose money, so no if you trade with bitcoin you are not going to always win, although it is a good investment.
You are always going to win if you have little patience along with some healthy bankroll because the ups lasts longer in bitcoins than the downs and hence what we all need to do when the price is low is just wait for a while.
I have given loss due to my impatience earlier and hence I know this.
The cryptocurrency market is still young, so for now your approach might seem right, but as time goes and the market stabilizes, you will discover that you may never get to win all trade and some might want to take forever to turn profit. For instance, if you had bought BTC in 2013, when the price hit over $1000, by now you would still be angry with yourself for such a rash decision.

That approach would work even better then

If market stabilizes as you say and price mostly trades sideways, you could just employ the BTFD strategy directly without a second thought. The problem is that the market is hardly going to stabilize any time soon (or ever). With the price growing, we could as well expect the volatility to grow too, at least in absolute terms. The only way in which the market could stabilize (barring Bitcoin "stabilizing" at 0, of course), is universal adoption of Bitcoin by merchants and vendors which would bring down volatility

katrimans
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December 05, 2016, 04:29:18 PM
 #68

Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 
There is no specific methodology while trading. the only basic method is buy low and sell high and it is the basic thing to remember and understand the market and monitor it carefully and understand the resistance level and make a stop loss for damage control if something negative happens .
But I believe each and every trader will be doing same buy low and sell high still there are many different strategies and management techniques need to be applied to have a better trading experience.

A professional trader will find easily where to buy and where to sell whereas a novice trader will be struggling to find out those buying and selling points. Precisely the technical part may differentiate professional traders from others.
wildworld
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December 05, 2016, 06:28:23 PM
 #69


you can really make good profits on the forex exchange.
Like today you could make good profits
you need to understand the forex market and buying and selling at the right time.
There is so much to learn before you start it
ubitcoin
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December 06, 2016, 06:23:33 PM
 #70

A professional trader will find easily where to buy and where to sell whereas a novice trader will be struggling to find out those buying and selling points. Precisely the technical part may differentiate professional traders from others.
You are right. To trade like a professional trader we must need strong technical analysis skills. Without those skills I believe even professional traders could not make profits in consistent manner from trading.

Anyone may become professional trader by experience but to sustain in trading we must need strong technical analysis skills.
crairezx20
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December 06, 2016, 06:42:15 PM
 #71

A professional trader will find easily where to buy and where to sell whereas a novice trader will be struggling to find out those buying and selling points. Precisely the technical part may differentiate professional traders from others.
You are right. To trade like a professional trader we must need strong technical analysis skills. Without those skills I believe even professional traders could not make profits in consistent manner from trading.

Anyone may become professional trader by experience but to sustain in trading we must need strong technical analysis skills.
Trading is not easy job just like other said and i think it needs to start in small amount until you you learn a new methods and good ways in order to make a good profit.. like other said experience is one a good thing that can help you discover good methods to earn a good profit in trading..
Superways
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December 06, 2016, 07:50:45 PM
 #72

Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 

The most skillful trader is the insider trader, you can study 2000 books but trading is always a mystery, especially bitcoin trading
But if a person study deeply about trade and learn all the tricks involve in trade and he will have a very good intelligence then he will be a very expert trader and will not lose any penny in his trades. All you need to get knowledge you will be professional.
i'm disagree with you when you say "will not lose any penny in his trades", even they are expert trade they can make mistake too, so one trader can always get profit, but the important point for trader is final result is gain profit example they have 2 trade, 1 trade gain 2 btc profit but in another trade they lose 0.5 btc the final result is they gain 1.5 btc, so they can be lose but they lose covered with another trading profit
I agree with you in the sense if the price of an asset start to decrease then he is losing his money with the drop of the price and there not any skill and experience work but only one thing save them which is start trading on another asset which will cover the lose of here.
PacePay
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December 06, 2016, 08:29:38 PM
 #73

A professional trader will find easily where to buy and where to sell whereas a novice trader will be struggling to find out those buying and selling points. Precisely the technical part may differentiate professional traders from others.
You are right. To trade like a professional trader we must need strong technical analysis skills. Without those skills I believe even professional traders could not make profits in consistent manner from trading.

Anyone may become professional trader by experience but to sustain in trading we must need strong technical analysis skills.
Trading is not easy job just like other said and i think it needs to start in small amount until you you learn a new methods and good ways in order to make a good profit.. like other said experience is one a good thing that can help you discover good methods to earn a good profit in trading..
Along with experience it is also fruitful to take some lectures about trade in the beginning for that he have to join a training academy or have to join a business school so that he learn all the methodologies involved in trade.
wxa7115
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December 06, 2016, 08:32:47 PM
 #74

Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 
There is no specific methodology while trading. the only basic method is buy low and sell high and it is the basic thing to remember and understand the market and monitor it carefully and understand the resistance level and make a stop loss for damage control if something negative happens .
But I believe each and every trader will be doing same buy low and sell high still there are many different strategies and management techniques need to be applied to have a better trading experience.

A professional trader will find easily where to buy and where to sell whereas a novice trader will be struggling to find out those buying and selling points. Precisely the technical part may differentiate professional traders from others.
It all boils down to knowledge and experience since amateur trader does not have any will probably make a lot of mistakes but the experimented trader will have both and will be able to make money even in a difficult market while the amateur will have problems making money even in the best of circumstances.
Theforextrader
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December 06, 2016, 08:35:04 PM
 #75

Those that want to learn just remember risk management. Even if your not that good risk management will work as long as you can identify trends.

Earn THOUSANDS OF DOLLARS a month trading FOREX. https://bitcointalk.org/index.php?topic=1664883.0
AUTOTRADER/TRADE COPIER
FOREX SIGNALS
Idrisu (OP)
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December 08, 2016, 07:12:20 AM
 #76

Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 
There is no specific methodology while trading. the only basic method is buy low and sell high and it is the basic thing to remember and understand the market and monitor it carefully and understand the resistance level and make a stop loss for damage control if something negative happens .
But I believe each and every trader will be doing same buy low and sell high still there are many different strategies and management techniques need to be applied to have a better trading experience.

A professional trader will find easily where to buy and where to sell whereas a novice trader will be struggling to find out those buying and selling points. Precisely the technical part may differentiate professional traders from others.
It all boils down to knowledge and experience since amateur trader does not have any will probably make a lot of mistakes but the experimented trader will have both and will be able to make money even in a difficult market while the amateur will have problems making money even in the best of circumstances.
The good thing about trading, knowledge and experience are that every information a trader need are free online. For fundamental analysis, forexfactory proved one of best forex news site and for daily technical analysis; investing.com proved every analysis for you for free all you just need is to visit the site. If you are known to trading, you should developed you trading skill by following this two site.
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December 08, 2016, 08:05:06 AM
 #77

Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 

In the trading world being patient is one of the most successful keys, without being patient you can lose profit or rare get a profit. It's good to make a plan what are you going to do, what do you expect and see the result, when losing in trading we should not consider that as a lost but as a good lesson.
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December 08, 2016, 09:18:49 AM
 #78

Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 

In the trading world being patient is one of the most successful keys, without being patient you can lose profit or rare get a profit. It's good to make a plan what are you going to do, what do you expect and see the result, when losing in trading we should not consider that as a lost but as a good lesson.

If you know what you are doing patience is irrelevant

It could be used as a marker in its own right. If you are impatient or feel worried, say, about where the price should go, it just means that you pretty much don't know what you are doing since you are relying only on luck (or mostly on luck). In other words, if you are sure that something will happen, it doesn't matter if you are patient as an individual or not. Other people may think of you as being patient in that case while in fact you just busy yourself with something more urgent until the time to act comes

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December 08, 2016, 01:26:36 PM
Last edit: December 08, 2016, 03:04:15 PM by Monnt
 #79

Anyone may become professional trader by experience but to sustain in trading we must need strong technical analysis skills.
But traders who are ignoring to learn from their mistakes and not updating their knowledge with the respect to trading environment will not able to become professional traders even they will be into trading field for years. So, just some experience will not make you professional.

A strong technical analysis capability will be possible only when you are willing to learn.
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December 08, 2016, 06:49:38 PM
 #80

Professional trader know the methodology of trading. Most skillful trader  didn't trade with emotion they have their predetermined exist plan and have good trading plans. 
 

The real experts will never reveal their secrets. That's just my opinion.
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