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Author Topic: how to become a TRADER  (Read 6231 times)
PointHope
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October 23, 2017, 07:56:45 PM
 #61

I completed my first trade, for a $90 net profit.

I promptly lost about $30 on my next trade by making a dumb mistake. ( I bought some LTC and accidentally sold it immediately, incurring the buying and selling fee).

I then bought some ETH, XMR, LTC at what seemed to be lows. I set some conservative sell bids and watched the market go through some shallow swings to slightly lower prices. (I know these coins will rise back up soon after the hardforking)

Apparently there are some jitters going on with this upcoming BTG hardfock.

I watched the previous BTCC hardfork take place and was not terribly impressed, through I did indeed make some significant gains by simply buying as much BTC as I could at the time.

Apparently everyone is expecting many different things to happen after the hardfork. The only consistent sentiment seems that BTC will continue to be bullish, and I suspect the bigger volume established alt-coins will also be along for the ride(like ETH, XMR, LTC).

Ya really don't have to be a rocket scientist whiz kid trading analyst to spot these trends!

So now it is simply exercising my patience muscles and wait to see the coins hit my sell prices after the forking is over.

I can see how my strategy won't be making me a million dollars overnight, but some spare pocket change is certainly very very feasible.

cheers..
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October 23, 2017, 08:47:09 PM
 #62

you actually have achived beginners luck, when many traders start, they do not earn anything at all. some even make huge losses. keep trying and seek as much information as possible from established gurus.

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October 24, 2017, 12:41:47 AM
 #63

you actually have achived beginners luck, when many traders start, they do not earn anything at all. some even make huge losses. keep trying and seek as much information as possible from established gurus.
It really hard for a beginner to start trading in btc. It requires patience, experience and knowledge. There's a time that you've been lucky that on your first try it was successful and sometimes you may lose. Worst is that you lose on your first try. You feel of fear to try again but lose some and win some is natural thing in trading.

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October 24, 2017, 12:48:24 AM
 #64

you actually have achived beginners luck, when many traders start, they do not earn anything at all. some even make huge losses. keep trying and seek as much information as possible from established gurus.
To become a trader first you must have to invest not just a money matters but also your time, attention and patience in trading. Trading on first try is sucks, there you may feel fear of trying to trade your earn coin. And yes, it is possible that you may have a huge loss and also it is not impossible that you may earn huge too. This type of situation is inevitable in trading, I think it was already a principle of it.

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October 24, 2017, 02:59:47 AM
 #65

you actually have achived beginners luck, when many traders start, they do not earn anything at all. some even make huge losses. keep trying and seek as much information as possible from established gurus.
To become a trader first you must have to invest not just a money matters but also your time, attention and patience in trading. Trading on first try is sucks, there you may feel fear of trying to trade your earn coin. And yes, it is possible that you may have a huge loss and also it is not impossible that you may earn huge too. This type of situation is inevitable in trading, I think it was already a principle of it.
well to become a trader you need a lot of practice   maybe do trading today.because  it really required an experience  in order for you to gain .do trade  for today and dont be afraid about the result take risk and dont be afraid .because life is full of risky dicision and if you cant get over your risk there will no change that came  to your life  you remain on the status that yoi have today .i suggest to start it right now do research and listen to those trader who are experience enoughf maybe they can teach you a great lesson about trading because tbey expereince on doing it from the past.

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akirasendo17
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October 24, 2017, 03:06:36 AM
 #66

its easy to become a trader but, there is a difference between a good trader and a trader,
for example a good trader analized every situation also do research and stuff like that
and on the otherside a trader just listen to others, hype lack of research will bring a trader down
with his money disappear with it

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October 24, 2017, 03:34:10 AM
 #67

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.
Kudos to you! You made the first step. You do not need to invest huge amounts because a trader is not defined by how much he is investing. It is what he does with the small amounts to make it big. Actual practice is our best teacher. Keep on reading and watch tutorials, there are plenty of them then put to practice. God bless! :-D

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October 24, 2017, 03:37:28 AM
 #68

Key !!!
1. patience n holding  : the words of trader you must have patience for you to get profit...
2. Control emotion
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October 24, 2017, 03:43:06 AM
 #69

With time and more research and good investments.

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October 24, 2017, 04:01:42 AM
 #70

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 need a teacher, learning bitcoin with self-taught is very difficult because only with theory we can not necessarily get profits, you need experience and some advice from those who are very experienced in trading, I suggest you need to know the normal price of the altcoin.

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October 24, 2017, 04:27:41 AM
 #71

With time and more research and good investments.

If you want to become a good trader you really have to do effort and a lot of study because you will surely incur loses if you trade with lack of knowledge. Read some trading books, or blogs, watch trading tutorial this thing will surely help you to become a profitable trader. Bitcoin is too risky specially when you don't have any idea about this, preparation is always pays the best interest for you investment.


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October 24, 2017, 05:30:33 AM
 #72

Initially, I would recommend small amount trade with a higher frequency so that you will be able to learn and understand the behaviour of the market. Focus on adopting the analytical skills by studying about the price movements and factors that influence the price. The best way to learn to how to trade is the trial and error method because in that way you will be able to conduct your own experiments and build your own trading strategy that would fetch the best possible results for you. Do your own research and do not blindly follow other's opinion especially while picking the trading pairs and strategies.

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October 24, 2017, 06:07:43 AM
 #73

Trading is a serious matter that requires serious contact. Because it can take only a bit of bitcoins you have fallen off the price because of your wrongdoing. That's why trading should be studied carefully and not just minus. That's because it's easy to say "Buy Low, Sell High" but that's hard to do.

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October 24, 2017, 07:01:38 AM
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you actually have achived beginners luck, when many traders start, they do not earn anything at all. some even make huge losses. keep trying and seek as much information as possible from established gurus.
You can apply begineers luck but only in starting there is no chance you can always make profit just by trading any random coin , trading has many aspects involved like it's future , which all exchanges it will get listed , how it is helping the community and what features can beneficiary in the coming future. Making loss is a part of trading but it doesn't mean you sell it for a loss you instead hold it and wait if you bought it during any pump or dump then you might have to sell it in a loss but if you bought in a bearish market there is nothing really there for you to worry about.
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October 24, 2017, 07:22:29 AM
 #75

Trading consistently and profitably requires the ability to simultaneously address several problems and reasoning ability. You also need emotion management because what we do in trading is to place a bet on the market.

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October 24, 2017, 07:26:24 AM
 #76

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.

first you have to search about trading and try to learn something about trading. because trading is one of the profit earning business. so you have to learn few things about trading then you get one idea on trading. generally in trading losses and profits are common. so you have to stay with this trading and learn from that. in trading has up and downs. so we have to choose best trading market. try to solve the problems and invest few amount of money in alts then you get idea after that invest in bit coin and eth coins. not only these coins in the market more coins also available so we try to buy that coins.
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October 24, 2017, 07:57:18 AM
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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.
Trading is not easy to learn you need months for to become a trader because you can experience how lose money. And you need to experience how you can trade how to buy low sell high.

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October 24, 2017, 07:58:32 AM
 #78

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.


Technical analysis and patterns are just a bunch of crap. Everything is just based on speculation and it doesn't even give a huge percentage of accurateness. I suggest that you just track the progress of the coins that you hold or you are planning to buy.

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October 24, 2017, 05:53:22 PM
 #79

Are there people that post their trades where others could look at?  I recall there was a poster who posted something like turning 10000 usd into 1 million and he post every trade he does.  I recall that 10k is 100k now but not sure how it is now.
No it is not possible to see the trading of the other people and the money of the bitcoin will e high if you will trade in bitcoin, I love pot buy the bitcoin and to invest in the bitcoin for the long time I have a lot of the skills to use in this forum. People are posting in the bitcoin forum and they are getting the profit now. I love to invest and to trade because it is safe and easy to use. So trading is better than the other money loses but you should use.

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October 24, 2017, 06:05:38 PM
 #80

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.
Trading is not easy to learn you need months for to become a trader because you can experience how lose money. And you need to experience how you can trade how to buy low sell high.

Why it is hard to you dude. You have to invest the bitcoin in trading site and check the price index always will lead you to win as the good traders in any good exchange site. Most of the people get into invest on altcoins since it has the good growth then bitcoin now. Few days ago bitcoin price increased continuously now altcoins started increasing.

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