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Author Topic: how to become a TRADER  (Read 6717 times)
Aikidoka
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October 27, 2017, 09:18:54 PM
 #121

I have never traded using crypto-currency before, but I used real money. I think it is the same. To start with, all you have to do, for now, is practice your skills. You should keep trading small amounts and win small ones. Later on, your profit will definitely grow. Then, with the collected profits, you should multiply the small amounts so you can have bigger profit. Keep multiplying until you have a huge profit.

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October 27, 2017, 09:56:53 PM
 #122

I also tried, but somehow it did not work out. Generally do not quite understand how some can receive so much profit from this. Open secrets, please Wink Cheesy

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October 27, 2017, 10:52:53 PM
 #123

It is not difficult to become a trader but to be a good trader is really difficult . As you say you are reading trading technical analysis, that's  good. To become a good trader, it is good to equip yourself with business knowledge. In addition, you need more practical experience to increase your sensitivity and control your emotions.

yeah i think in trading more knowledge in business and finance is s good match in a trading in my experience and i noticed all of in the market belong to business and the trader is a consumer. Any people can trade even without any idea in crypto thats a newbie. Newbie is a big role in the market cause the newbie will pump the price and dump the price.

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October 27, 2017, 11:13:56 PM
 #124

Don't  expect a huge money from trading if the capital is small. Make it sure but slowly. And you should be happy for that. 001. , Others are loosing a lot in trading due to unpredictable votality of crypto.

I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.


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October 28, 2017, 05:43:52 AM
 #125

Welcome to trade relations. The first and most important advice is to learn absolutely everything about a particular currency, having their own opinion
Even before learning, you have to decide properly whether you are made for the trading or not. I mean you should check whether you are doing it only for need? Do you have any prior experience or do you have anything common about business? If yes, then defiantly go for learning. Don’t do anything until you are good enough to say, I know the basics of this trading.

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October 28, 2017, 08:29:58 PM
 #126

To become an expert trader, it is first necessary to have an steel nerve structure. I mean it must be like steel; it needs to be robust and flexible. It's a very stressful trading.
I think of trading as the most difficult thing and it is not an easy task to become a successful trader. It takes years and years of study, only then you can manage to learn something about trading. You need to have as much knowledge as you can, because knowledge is the only key which can help you in making wise decisions. Moreover, keep yourself up-to-date and keep on learning something new.

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October 28, 2017, 08:46:48 PM
 #127

My friend, I am not so sure that the traditional schools of technical and fundamental analysis are suitably coupled to this complex altcoin market, because its behavior is quite different from traditional markets and having a successful experience in other markets is not a guarantee of profitability here. It is therefore important to take things slowly and learn step by step, starting with small investments to learn through trial and error.

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October 28, 2017, 08:56:01 PM
 #128

Me also i want to try trading, but i dont know how to start. Aa i remember i was trying to practice in iq option everyone knows there is a practice mode there, but then i cant understand where to stop and go. I try to read some research no comes in my mind.
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October 28, 2017, 09:55:54 PM
 #129

I tried to live trading I earned a .001 btc. I prefer more profit than trading.

You prefer more profit than trading? What?

Just continue to play around with small amounts for now to get a feel of the markets. Not because you earned .001BTC on your first try it doesn't mean it's going to be profit every single trade. There's definitely going to be those red days when doing daytrading. You just have to minimize those losses.

He made a mistake, I hope, if not he doesn't know what he is talking about, he prefer profit more then trading haha.
He needs to continue with playing around as you say, in other words he needs to practice and practice, to not be afraid to try new things and to lose money, that should be considered as paying for school. Most of us here trade, and even now I don't make profit each time, and in beginning it was more losing then making profit.
I always advice following some experienced trader, or now many trading groups have good signals, follow them and do what they do, in same time you are practicing and with a bit of luck you are making profit.
This days bitcoin is just for holding, dip was long time ago. Now wait for peak and sell in that time.

Where could one find trading groups?

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October 29, 2017, 02:27:42 AM
 #130

Have the same problem about trading,  in also a newbie in trading.  I tried also reading and watching how to trade but the terms and charts and everything else is like an alien language that really hard for me to understand. But, in my instinct,  i try to try it in the trading site itself. Eventhough i really font know how to start,  i just make my first step.  It is not for me to make a profit but i just want to familiarize whats in there.  Just want to gain experience and somehow if i watch again some videos about trading,  i guess i will understand more details.

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October 30, 2017, 07:39:58 AM
 #131

To become an expert trader, it is first necessary to have an steel nerve structure. I mean it must be like steel; it needs to be robust and flexible. It's a very stressful trading.
Exactly, you have to be ironman when you are even thinking of taking a start in trading. You will not be making any progress if emotions are controlling you. Like you said, one must be stiff enough to bear all the bad and worries coming along trading. It is not a cup of tea, rather a hard game. A game of putting hard efforts at right time, to the right place and wait for the good.


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October 31, 2017, 06:21:34 AM
 #132

To become an expert trader, it is first necessary to have an steel nerve structure. I mean it must be like steel; it needs to be robust and flexible. It's a very stressful trading.
Exactly, you have to be ironman when you are even thinking of taking a start in trading. You will not be making any progress if emotions are controlling you. Like you said, one must be stiff enough to bear all the bad and worries coming along trading. It is not a cup of tea, rather a hard game. A game of putting hard efforts at right time, to the right place and wait for the good.
It is good that you’re re not giving up on trading and working hard on your own for understanding these charts. Trading is that’s why called a proper profession since you need a particular knowledge for reading and understanding these charts. Keep watching videos and read articles from most authentic sources. They are surely going to help you to understand charts.

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elimi
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October 31, 2017, 07:15:17 AM
 #133

You can stick to how you trade as long as you make a profit then it will be fine

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kiloiko
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November 01, 2017, 11:32:15 AM
 #134

I tried to live trading I earned a .001 btc. I prefer more profit than trading.

You prefer more profit than trading? What?

Just continue to play around with small amounts for now to get a feel of the markets. Not because you earned .001BTC on your first try it doesn't mean it's going to be profit every single trade. There's definitely going to be those red days when doing daytrading. You just have to minimize those losses.

He made a mistake, I hope, if not he doesn't know what he is talking about, he prefer profit more then trading haha.
He needs to continue with playing around as you say, in other words he needs to practice and practice, to not be afraid to try new things and to lose money, that should be considered as paying for school. Most of us here trade, and even now I don't make profit each time, and in beginning it was more losing then making profit.
I always advice following some experienced trader, or now many trading groups have good signals, follow them and do what they do, in same time you are practicing and with a bit of luck you are making profit.
This days bitcoin is just for holding, dip was long time ago. Now wait for peak and sell in that time.

Where could one find trading groups?
Trading is not so easy. First you will to get all the required skills and information about the trading. What to trade, where to trade, how to trade, and with whom you should trade and what is the profitable way of trading, these all are the features and requirements of trading.

If you do not have the experience of all the above things then you cannot trade and if you start trading you will be a big loser. Learn everything about trading and then start.

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BlindMelon
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November 01, 2017, 11:54:42 AM
 #135

Make your first big loss...
That teaches you a hell of a lot, let me tell you that!

The main things though are obviously reading as much as you can, on all sites and forums and just know that from a newbie level, it'll take many months to get a grasp of things.

Just keep at it!

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giga_999
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November 01, 2017, 02:45:17 PM
 #136

As a small trader, first of all, you need to create your own wallet. Secondly checking out all current trends on a market, check out all the possible ICOs (check out them carefully, 90% startups used to fail).
then make a decision.

P.S. the project I am working for has a great and innovative vision of co-creation. Check out our app here and the ICO page here
FoxTheHuman
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November 01, 2017, 02:53:02 PM
 #137

I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
To become a trader you need a cool head and a large enough amount to join it. And find yourself a good way not to go blindly.
PointHope
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November 01, 2017, 03:10:29 PM
 #138

It really ain't rocket science!

1. watch the trends.
2. buy well established coins when at or near a bottom.
3. hold them and be patient if the prices dip more.
4. spread out risk exposure.
5. holding bitcoin long term is pretty much a sure thing.
6. Aim to increase your bitcoin.
7. shoot for small profits, short term, but be prepared to hold.
8. don't short sell for loses, unless overexposed on a riskier coin.
9. basically easier and less risky than a dice game like craps.
10. play only money you are comfortable with, this minimizes the emotional factors.
mamesso
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November 01, 2017, 04:43:41 PM
 #139

I also tried, but somehow it did not work out. Generally do not quite understand how some can receive so much profit from this. Open secrets, please Wink Cheesy
The secret is experience, and some strategies for managing emotions.
I'm sure you'll get it. something great with your experience. or you have someone guide to trade correctly.

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swaptaker
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November 01, 2017, 04:53:11 PM
 #140

It really ain't rocket science!

1. watch the trends.
2. buy well established coins when at or near a bottom.
3. hold them and be patient if the prices dip more.
4. spread out risk exposure.
5. holding bitcoin long term is pretty much a sure thing.
6. Aim to increase your bitcoin.
7. shoot for small profits, short term, but be prepared to hold.
8. don't short sell for loses, unless overexposed on a riskier coin.
9. basically easier and less risky than a dice game like craps.
10. play only money you are comfortable with, this minimizes the emotional factors.

Really nice listing for explanation of the vital things of becoming a good trader.

Personally, I miss the 7th and 4th things honestly. I can add always try to watch coinmarketcap web site to track different market prices. Sometimes arbitrage opportunity comes, and you can do this by acting fast.
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