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March 30, 2017, 06:34:25 AM |
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Very nice explanation, I think emotion really affects the results on how we make trades. For me, trading needs skill, you should know how to analyze and monitor the prices. It needs patience, you can't rush it as you wanted. Other says it is unpredictable that's why it also need awareness.
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danherbias07
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March 30, 2017, 06:38:05 AM |
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I think the main core of being the best trader would be the patience and the instinct to when you should stop or still go on. Patience would help in times to when you cant decide to whether dump or buy more. You can just wait until you have the best decision, at this point you wont have to be forcing your way into just making a little money but can wait for the enough profit where you will be satisfied.
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Monnt
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March 30, 2017, 06:52:47 AM |
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I think the main core of being the best trader would be the patience and the instinct to when you should stop or still go on. Patience would help in times to when you cant decide to whether dump or buy more. You can just wait until you have the best decision, at this point you wont have to be forcing your way into just making a little money but can wait for the enough profit where you will be satisfied.
I believe we do not need any emotional nor psychological aspects for successful trading career when we are having very strong technical analysis capabilities. Yes, earning skills about trading is more than enough to become professional traders imho. Over experience, I believe we can learn emotional control like not getting greedy on seeing profits. Learning trading skills is not possible until we touch live market, so practicing in demo accounts is the basic simple way of becoming professional traders.
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Zadicar
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March 30, 2017, 12:08:35 PM |
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Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?
As a newbie on trading we do really struggle on the very first place but we should not rush up to make money on trading because its not really an easy thing for you to learn it for a very short period of time.To be a professional better to study the most important things like technical analysis,fundamental analysis and gradually gaining experience on your past and current trades.
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icecube45
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March 30, 2017, 01:48:27 PM |
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Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?
Discipline. It will help to develop skills and become professional. Emotional. If you can control emotional I'm sure in the trade you will make the right decision. Principle. By this a trader will have a good technique and fundamentals in trade. Patient. To learn trading takes time, so this must be done in order to become a professional trader. I think it is a characteristic that should be developed to become a professional trader. If you can develop it all, I'm sure your trading skills will develop gradually and become a professional.
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jovs
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March 30, 2017, 03:23:18 PM |
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Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?
Discipline, Patience and logical thinking(or an attachment to the affairs of whatever you're trading) I notice many new traders in Trollboxes on exchanges panic sell or sell too early(including myself, I'm more passive). To be successful you need to void your emotions and endure losses as learning experiences. To me, at least. Yes at least those two characteristics is a must the Discipline and the Patience when a trader does have that two characteristics then it will be easy for him to be a professional trader because he will able to manage the risk properly and get the things done in a proper way. Having patience and discipline is the best key to get a lot of profit. Everyone can be a professional trader. But before that one should have specific knowledge in order to have a good tradings. Like many of us we gain ideas and knowledge through reading topics here in forum so i suggest to read and read to forum to inorder to have knowldege and idea. Then start appliying on a signature campaign so you can earn bitcoin for you to have capital on bitcoin trading. Bitcoin trading is much more preferable on trading because its value increases dramatically day by day. It rate always change so value exchange always exist. If the support of the community will stay no doubt bitcoin will develop and upgrade for it future to be better.
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ANHEQIAO
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March 30, 2017, 03:23:27 PM |
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I think the only time and patience I can't find the second method ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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terrate
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March 30, 2017, 03:37:08 PM |
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Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?
Professional traders both in forex and crypto currencies trading are those that have developed their skills and knowledge on how to trade the market profitably. They always have their trading plan and reviews it periodically with the aim to catch up with market trend and fundamental and technical issued arising from day to day activities of the market. yes i agree. So..the things i think must be in trading is: 1. Trading Plan . (ald include ur long or short trade) 2. Feel good for your profit and loss (set your profit and loss easily) 3. Update bitcoin and altcoin news frequently 4. Patience
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Labumi
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March 30, 2017, 03:57:14 PM |
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Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?
It's a very good thing in the growth of the bitcoin, because if a greater number of transactions in the trading will be increasingly higher growth bitcoin. You need to know that if you want to become a professional trader so the main thing is there on the attitude you do. If you have a bad attitude, like rush or greedy, then from now on replace the position. Because as good as whatever strategy you use if your attitude does not support then the results you get will not be useful
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CrackedLogic
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March 30, 2017, 08:11:12 PM |
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I think newbie traders should know atleast the basic of reading of candles so they will know if they need to BUY or SELL a certain coin. Also from how to read candles using different time frames, 5MIN, 30MIN, 1HR, 2HRS, 4HRS, 1DAY, 1WEEK, 1MONTH. Check out the pattern below. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FUocZazY.jpg&t=665&c=ZzT15jP_Qrs2xQ) This is pretty damn helpful. My new wallpaper, thanks! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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scox
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March 31, 2017, 01:41:44 AM |
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Some lil tips from well experienced trader: buy low, say high. All the rest will come along through time.
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casinopride
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March 31, 2017, 02:15:24 AM |
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Trading has many things to follow and the first basic thing is patience..trading results depend on the exchange you are trading and the choice of your altcoin.i usually rely on chart patterns and the news.I choose some coins by technical analysis,follow them on twitter,join their slack..check the dev activity and then enter the coin.i usually never trade when bitcoin is on the move because alts will bleed
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freemanjackal
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March 31, 2017, 03:56:21 AM |
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yes patience is a basic characteristic but only if it is supported by technical knowledge, otherwise it is stupidity. when you are backed up by knowledge and you know that your psoition at the end will preval, then it is really important. for that there must be a base ground of how trading works
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Wintersoldier
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March 31, 2017, 06:15:10 AM |
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yes patience is a basic characteristic but only if it is supported by technical knowledge, otherwise it is stupidity. when you are backed up by knowledge and you know that your psoition at the end will preval, then it is really important. for that there must be a base ground of how trading works
Technical knowledge and perfect timing is the best thing in a professional traders. In order to do that, I agree that they have a good knowledge but there is more than that. A professional always read articles, and never stop learning. No matter how busy they are, they would tend to learn more rather than keeping too easy.
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dawnasor
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March 31, 2017, 06:24:20 AM |
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Some lil tips from well experienced trader: buy low, say high. All the rest will come along through time.
This is the basic in trading : buy low ,sell high. A well experience trader is using here experience in trading such as analysing market growth and making a good decision.
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March 31, 2017, 06:36:03 AM |
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This is the basic in trading : buy low ,sell high. A well experience trader is using here experience in trading such as analysing market growth and making a good decision.
We always start from a new scratch, from small to big and as a newbie we can be professional too. Experience will teach you on how to achieve your goals to be an expert. It needs dedication and the willingness to learn and to take the risks.
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peter0425
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April 01, 2017, 06:17:46 PM |
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This is the basic in trading : buy low ,sell high. A well experience trader is using here experience in trading such as analysing market growth and making a good decision.
We always start from a new scratch, from small to big and as a newbie we can be professional too. Experience will teach you on how to achieve your goals to be an expert. It needs dedication and the willingness to learn and to take the risks. Yes. I believed in what you said. It is better to start from nowhere to learn and become a professional trader. You just have to be true to yourself that you can do it and everything will follow. Obviously, it will not a be good ride in the beginning. Few bumps here and there. But the good thing is you grow and learn as you go a long the way. And don't be afraid of the risk, its part of the game.
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PokerFace3
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April 01, 2017, 06:26:13 PM |
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This is the basic in trading : buy low ,sell high. A well experience trader is using here experience in trading such as analysing market growth and making a good decision.
We always start from a new scratch, from small to big and as a newbie we can be professional too. Experience will teach you on how to achieve your goals to be an expert. It needs dedication and the willingness to learn and to take the risks. Yes. I believed in what you said. It is better to start from nowhere to learn and become a professional trader. You just have to be true to yourself that you can do it and everything will follow. Obviously, it will not a be good ride in the beginning. Few bumps here and there. But the good thing is you grow and learn as you go a long the way. And don't be afraid of the risk, its part of the game. Only when we are experiencing more struggle with trading, we could find ourselves as professional traders. So we should not hesitate to take risk but it should be in calculated manner. Instead of risking real funds, learning skill could be done with demo accounts. I believe using demo accounts effectively would be the easiest way to find ourselves as professional traders but we must remember our emotion control will not work if we do not feel the real heat of trading.
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dearbesz1219
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April 07, 2017, 03:32:23 PM |
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Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?
True, nowadays here in my country trading in Forex is very trending now in the internet which can be seen most often in a social media such as Facebook, and sometimes they conduct seminars in executive hotels together with registration fee for them to attend the seminar conference ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) .
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el kaka22
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April 08, 2017, 08:19:31 AM |
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Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?
True, nowadays here in my country trading in Forex is very trending now in the internet which can be seen most often in a social media such as Facebook, and sometimes they conduct seminars in executive hotels together with registration fee for them to attend the seminar conference ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) . I guess it will be more easier for you to become professional traders if you are ready to follow them. Forex market always having very big advantage of sharpening our skills in demo markets. I believe that is alone more than enough to make our self as a professional trader. Being ready to learn continuously must be the basic characteristics of becoming professional trader. We just need to be patience to learn different things of trading environment. Achieving professionalism in trading is not just a day job, this like learning a new mother tongue. You need to be preferred yourself like a child to learn new things.
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