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Author Topic: how to become a TRADER  (Read 8075 times)
kimochidesh
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December 09, 2017, 09:58:35 PM
 #261

There are two factors which are really very important while performing a trade are:
1. Money Management
2. Emotional Control
One should always perform trade with stop loss and target setting. Work on fundamental for long-term and technical analysis for short-term trading will help you gain profits. Secondly, never be greedy and keep emotional control while trading. Exit the trade as soon as you achieved your target. Don't wait anymore to earn more profit.
I think these are basic techniques which help us to become a successful trader.
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Vikingr
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December 09, 2017, 11:15:01 PM
 #262

I tried trading, but i always lose. Trading is hard. I watch youtube and gain knowledge. Most of the coin is pumping because of hype then suddenly in colapse. Now i research before buying new coins in the market.
I think you have to learn more to become a successful trader as trading is not much harder but only you do not have knowledge and skills that is why you are losing your money and are not successful. If you will go to any institute for learning it then you will be at benefit to learn it.

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December 09, 2017, 11:27:02 PM
 #263

haha, I think you should not only reading. The most important thing is that you have to practice. Prepare amount of money and practice frequently, you will improve your skills

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December 10, 2017, 03:14:53 AM
 #264

To become a trader you need to have a background in financial knowledge and then a specialized knowledge of the market you join.
You need to understand technical analysis and basic analysis.
Then there is the accumulation of experience and starting small transactions

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December 10, 2017, 03:45:31 AM
 #265

To become expert trader you should be learn and understanding about technical and fundamental analysis, and to learn it not enough in one day but you have to learn it contoniously and patient until you really understand how does it work. Beside that should learn other thing like how to manage the risk and also learn about psychology of trading.

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December 10, 2017, 08:04:44 AM
 #266

To become expert trader you should be learn and understanding about technical and fundamental analysis, and to learn it not enough in one day but you have to learn it contoniously and patient until you really understand how does it work. Beside that should learn other thing like how to manage the risk and also learn about psychology of trading.
Initially it seems to me, you need to fully study the whole process of trading, to feel like a fish in the water. And only then it will be possible to pay attention to important aspects of this work.

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December 10, 2017, 08:51:53 AM
 #267

If you want to be a trader, you need to more knowledge about altcoin but if you no idea with trading you can watch babypis website and you can get help form here and your will be a trader so now you can check this website become a trader.
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December 10, 2017, 11:00:35 AM
 #268

There are two factors which are really very important while performing a trade are:
1. Money Management
2. Emotional Control
One should always perform trade with stop loss and target setting. Work on fundamental for long-term and technical analysis for short-term trading will help you gain profits. Secondly, never be greedy and keep emotional control while trading. Exit the trade as soon as you achieved your target. Don't wait anymore to earn more profit.
I think these are basic techniques which help us to become a successful trader.
Wow this is good guide for newbie. Do you have any specific document about "money management"? If yes then will help us a lots.

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Jedie22
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December 12, 2017, 04:44:18 AM
 #269

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.

You probably had a beginners luck! Congratulations! Keep practicing at small amount to trade to be familiarize with the flow of a coin. You must know that theres a risk. Not everyday will be your lucky day so also be prepared when your having a badguy. You have to control your emotions and always be patient

Wow, it's great that you earn that amount in trading. Well, being a trader is not easy you need to gather enough information in order to come up the decision that its a right time to trade that could have gaining enough profit. Also, you should be patience and wait the exact time if you trying to hold it the best as you can so that you can earn much more equivalent value the token that you hold in trading process. Having many tokens will have a good value in the future as time passes by to earn more money that will support our daily needs in life.
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December 12, 2017, 05:01:19 AM
 #270

There are two factors which are really very important while performing a trade are:
1. Money Management
2. Emotional Control
One should always perform trade with stop loss and target setting. Work on fundamental for long-term and technical analysis for short-term trading will help you gain profits. Secondly, never be greedy and keep emotional control while trading. Exit the trade as soon as you achieved your target. Don't wait anymore to earn more profit.
I think these are basic techniques which help us to become a successful trader.
Wow this is good guide for newbie. Do you have any specific document about "money management"? If yes then will help us a lots.

Yeah, he give us good suggestions for a newbie, but if you want any specific documents about money management, then you could search about it on online, it is not difficult thing for searching and managing. As a trader when you start trading then time by time you could handle your money and manage it.     

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micoholic
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December 12, 2017, 05:28:30 AM
 #271

Basically, to be a trader, you should have enough investments which is allocated only for trading. Also, consider this a hobby and not a full time work. To give you an idea, there are two kinds of trading:

1. BUY and HOLD --- Buy coins, continue to buy coins (compounding and accumulating) wait for the price to increase, which usually last for a long period of time, sell if you think you have gained enough profits

2. DAY TRADE --- Buy coins, monitor the market day by day, if you think that you have the leverage of selling the coins then sell it and repeat again.
Barbut
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December 12, 2017, 05:28:54 AM
 #272

There are two factors which are really very important while performing a trade are:
1. Money Management
2. Emotional Control
One should always perform trade with stop loss and target setting. Work on fundamental for long-term and technical analysis for short-term trading will help you gain profits. Secondly, never be greedy and keep emotional control while trading. Exit the trade as soon as you achieved your target. Don't wait anymore to earn more profit.
I think these are basic techniques which help us to become a successful trader.
Wow this is good guide for newbie. Do you have any specific document about "money management"? If yes then will help us a lots.

Yeah, he give us good suggestions for a newbie, but if you want any specific documents about money management, then you could search about it on online, it is not difficult thing for searching and managing. As a trader when you start trading then time by time you could handle your money and manage it.    
This are not a suggestion, this are basics of trading. You need to know how much money you have, you need to have control over your emotions cause they are responsible for our actions. Waiting more to earn more is patience, with some coins patience is important. If you plan to be long term holder patience is even more important. Day trading is tricky, patience is not for waiting good price to sell, its waiting to buy and quick sell after making profit, that is harder.
Newbies should practice with some money that they can spend, stop losses, making buy or sell orders, margin trading, many things are available for all of us, but making profit with trading is reserved just for people who have good timing.

rocketbits
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December 12, 2017, 05:46:12 AM
 #273

To become expert trader you should be learn and understanding about technical and fundamental analysis, and to learn it not enough in one day but you have to learn it contoniously and patient until you really understand how does it work. Beside that should learn other thing like how to manage the risk and also learn about psychology of trading.
Initially it seems to me, you need to fully study the whole process of trading, to feel like a fish in the water. And only then it will be possible to pay attention to important aspects of this work.
Yes you are absolutely fine here. You are like a fish in an ocean who don’t know even how to swim. You only have feathers and wings that can help you in swimming and now this is up to you how better you learn swimming and make your days better. Just like this, trading is not that much easy, every information is with you on internet, just go through it, research and then start practicing.

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December 12, 2017, 05:58:24 AM
 #274

All people are welcome to be a bitcoin trader, the important in this kind of work is , you how to know how to trade and you have a patience.

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December 12, 2017, 06:00:34 AM
 #275

Making good decitions while investing in certain coins, I think with valuable information you could easly earn money trading.
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December 12, 2017, 06:38:35 AM
 #276

When you want to become a trader you need to start first in small amount, so if you lost your money there is another money you invest. Don't push all your money while you are still not an expert.

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December 12, 2017, 07:01:44 AM
 #277

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.

That was a good start. As you go along the way you can develop your own style of trading. You may go for day trading, mid term or even long term. It depends on where are you comfortable at. Learn to read charts and analyze candlesticks pattern to have more edge in placing trades. It is also advisable to learn some technical indicators which may fit your trading style. It is essential to have some basic knowledge about this to minimize risk. You can also join groups on facebook or telegram to interact with traders like you. You can gain knowledge and information just by lurking or reading their posts. Watching videos will help a lot to as it will help you visualize certain scenario that you may encounter while trading.

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December 12, 2017, 08:20:12 AM
 #278

I have learned that I am a trading expert in trading only to make it low and sell it high, so you earn a big deal because I buy a high price coin sure it's a chance to drop and lose You have to trade you for trading to start trading then you can go to youtube to learn and to guide you into trading everything you need on youtube.

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December 12, 2017, 08:49:21 AM
 #279

Hello! First of all I want to warn you that trading Bitcoins is the highest risk when it comes to all Bitcoin or cryptocurrency activities. This is because Bitcoin prices is very very volatile. It changes every second and no government or central bank regulates it. So you will never know when a crash of price will happen  or if there is a bubble that will burst.

However, you can try to minimize the risk by doing proper analysis. You can use both technical and fundamental analysis and combine it to come up with a good decision of when to buy and when to sell.

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December 12, 2017, 01:05:29 PM
 #280

To become a trader you need to have a background in financial knowledge and then a specialized knowledge of the market you join.
You need to understand technical analysis and basic analysis.
Then there is the accumulation of experience and starting small transactions
I think one should learn the basics of trading before any investment in the business. Proper home work must be done in order to get more knowledge about trading as how to invest in the market. In order to minimise the risk one may start his trading from low capital as in case of any uncertainty in the market, one can avoid big loss initially.

To improve his know how one can consult the successful traders of the market who are investing in bitcoins as how they manage their business.

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