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Author Topic: how to become a trader  (Read 2211 times)
Traslavin
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February 21, 2018, 09:36:11 AM
 #321

Trading is simple but not easy and in order for you to become a trader then you should start doing and practicing your own trading method. There are lots of ebook and guide anywhere you can find in the internet, tons of reliable fundamental and technical analysis guide for newcomer which you can try and determine yourself should it suit your best. However you should also understand trading has a lot of risk and the main reason of this is risking of losing all of your money in a single trade. So the question to yourself, are you prepare for this?  Grin
In fact, the final question should be, are you prepared to learn? The only way to avert most of the trading risk is by learning. A lot of people always skip this step and rather than looking for articles online and some stuff to gain knowledge like you have said, they always end up having these feelings that they can get all they need by just registering on an exchange and then gain some experience to make them better as time goes on.

This is a very good way to keep gambling until they end up losing everything until they find out that learning is the only way they can make a good decision.
To be called as a trader is easy, when you're the one who used to pay money in a service or goods or vice versa that person can be called as a trader but being called a trader here in a world of digital currency is not that simple. A trade in cryptocurrency is a bit complicated and risky I guess traders of cryptocurrency can somewhat be called as a gambler.😂

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Maddinson100
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February 21, 2018, 11:36:19 AM
 #322

You will not become a successful trader in one day. We need practical experience, knowledge and capital.
You should start with learning the basics. It is advisable to take a course on trading.
To learn technical analysis tools and trader.Practice and read well-known books on trading.
Learn how to define entry and exit points
Rome was not built in a day and if any building ends up being rushed without a proper foundation, it only ends up crumbling and causing even more damages. That is how trading is. You have to get that strong foundation first to make you start building some experience, and after wards, you have to keep learning to keep getting different ideas on how to even do it better to be able to get more at the end.
richkellj
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February 21, 2018, 11:55:15 AM
 #323

Becoming a trader is easy, you can always google it or search on Youtube to know what to do as a beginner. That's what I did when I first started trading, and make it a point that when you try to trade for the first time do not expect to gain profits right away. Do not spend your money if you can't afford to lose them. And it does takes a lot of practice and researching to get to know the coin you want to invest in too.
Well, to me, it is only easy for those who are ready to do some research, find some pretty good articles online and go through the stages of learning without rushing at all. I have gotten to see a lot of people who either they are so lazy to learn or they just love taking a huge uncalculated risk.

That is exactly how I see those who do not learn and think they have an inbuilt talent that can pull them through until they learn their lessons the hard way.
richmcrich
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February 21, 2018, 12:24:48 PM
 #324

Becoming a trader is easy, you can always google it or search on Youtube to know what to do as a beginner. That's what I did when I first started trading, and make it a point that when you try to trade for the first time do not expect to gain profits right away. Do not spend your money if you can't afford to lose them. And it does takes a lot of practice and researching to get to know the coin you want to invest in too.

It sounds easy because trader only need to buy low price and sell in high price, but in fact it is not that easy. Many aspects should be learned before newbie become a real trader and it takes not short time of learning. It should be done step by step starting by learning the theory then practicing it. Practice can be done freely because there are some trading application where people can learn about trading.
That is the biggest mistake that is usually done by most especially newbies. They are always in a haste to do everything, looking for ways to quickly gain more and forgetting all the necessary things they need to learn first before going ahead with their catastrophic decisions because that is exactly how it ends up for them and their assets. Trading only gets easy over time for those who learned, are still learning and getting experience to get better at their trade.
loverbitcoin
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February 21, 2018, 12:45:25 PM
 #325

Determine which type of trader you would like to become. There are a variety of different types of trader which you can become, so spend some time thinking about what role and job description fits your skills and interests most. Most traders will work for a company, buying and selling shares, bonds and assets for investors. Flow traders work for banks, buying and selling for the bank’s clients. Proprietary traders buy and sell on behalf of the bank itself.
Sales traders act as intermediaries between a client and the market, investing their clients’ money. They talk to clients directly, advising them on the market and investment opportunities.
The main difference is that sales traders only invest where instructed by their clients, so the trader is not taking a risk with the investment.
Some traders will specialise in a particular product or market area.
You could also work independently as a day trader if you had enough capital.
kamote291993
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February 21, 2018, 12:54:08 PM
 #326

Well, if you buy just some Satoshi, you are officially a trader! :-)
Of course, if you want to be a GOOD trader and make o life from it, it's a completely different discussion.
There is a lot to know, and here on the forum there are very interesting discussions.
Try to understand what advanced traders are talking about, than take a little sum that you can risk, and...jump in!
Seeker#9
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February 21, 2018, 01:15:22 PM
 #327

Gather informations on trading, study the different methods that used in trading, ask some trading tips from a skilled trader and don't stop learning even when you are already trading. Trading requires constant update on knowledge and skills so you can readily adapt on any changes in trading and technology.
rejin29x
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February 21, 2018, 01:45:36 PM
 #328

Become a professional trader by learning trading basics and advanced basics. The next step to learn strategies and gain experience implementing them. Unfortunately, the path to becoming a professional trader isn't a straightforward one. There is a significant amount of incorrect and misleading .there are many website has trade related,www.babypips.com www.investpedia.com etc. Then, learn how to operate on different trading platforms and start making some trades until you establish you're own trading profile.
Zsywt1024
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February 21, 2018, 04:01:54 PM
 #329

If this problem is solved, then it is a way of wisdom leading to the masters
Maybe talent has a big reason, but more should be the reason why traditional stock futures markets accumulate experience and risk appetite
GeniusAko
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February 21, 2018, 04:10:24 PM
 #330

I have no idea about trading .But want to learn trade how become trader please help and give me some information and share some site.
I can say that this forum can help you to answer all of your questions. If you want to become professional trader, you should always be hungry to all of the information about trading. Having a lot of information can help you to become successful trader.
clarkt
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February 21, 2018, 04:35:37 PM
 #331

How do you become a professional athlete or ballers?  By running and playing hard all the time sharpening your skills on the track and on the field.  Trading is also require the same dedication of a sportman.  If you trade every day, you will develop a skill and method that will make you a successful trader.

JehJeh121
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February 22, 2018, 02:31:21 AM
 #332

Trading is a nice way to earn bitcoin but its a bit risky. But before you enter in trading world you must have an idea how trading works and read some reading materials about trading. I suggest you to watch a tutorials in youtube and it is better if you open now an exchanger you prefer so that you will know how trading works. Goodluck.
sugihe
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February 22, 2018, 03:20:13 AM
 #333

I have no idea about trading .But want to learn trade how become trader please help and give me some information and share some site.

Being a trader needs a lot of knowledge on how to do with it and how it works, and here are some characteristics that a traders need to have that will helps you a lot with your journey being a trader. https://bitcointalk.org/index.php?topic=2842850.0 You can visit at this thread for more information and knowledge to learn from those trader that already have a lot of experiences in this field. Hope it will help you with your journey.

I will visit the thread so i can learning from expert and hope i can improve my knowledge.
Knowledge is the first thing you have to learn before doing anything.
gohan21
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February 22, 2018, 03:26:38 AM
 #334

Of course, trading is definitely the brain you need to earn because it's a hard job when you lose thinking from here you can lose funds.
e19293001
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February 22, 2018, 03:37:42 AM
 #335

Trading is simple but not easy and in order for you to become a trader then you should start doing and practicing your own trading method. There are lots of ebook and guide anywhere you can find in the internet, tons of reliable fundamental and technical analysis guide for newcomer which you can try and determine yourself should it suit your best. However you should also understand trading has a lot of risk and the main reason of this is risking of losing all of your money in a single trade. So the question to yourself, are you prepare for this?  Grin
In fact, the final question should be, are you prepared to learn? The only way to avert most of the trading risk is by learning. A lot of people always skip this step and rather than looking for articles online and some stuff to gain knowledge like you have said, they always end up having these feelings that they can get all they need by just registering on an exchange and then gain some experience to make them better as time goes on.

This is a very good way to keep gambling until they end up losing everything until they find out that learning is the only way they can make a good decision.
To be called as a trader is easy, when you're the one who used to pay money in a service or goods or vice versa that person can be called as a trader but being called a trader here in a world of digital currency is not that simple. A trade in cryptocurrency is a bit complicated and risky I guess traders of cryptocurrency can somewhat be called as a gambler.😂

Trading is considered gambling. A lot of traders are unconciously
gambling. They often can't control their emotions and this happen
when putting a lot of money at stake. Always learning from
mistakes makes a good trader.
virasisog
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February 22, 2018, 03:49:27 AM
 #336

Trading is simple but not easy and in order for you to become a trader then you should start doing and practicing your own trading method. There are lots of ebook and guide anywhere you can find in the internet, tons of reliable fundamental and technical analysis guide for newcomer which you can try and determine yourself should it suit your best. However you should also understand trading has a lot of risk and the main reason of this is risking of losing all of your money in a single trade. So the question to yourself, are you prepare for this?  Grin
In fact, the final question should be, are you prepared to learn? The only way to avert most of the trading risk is by learning. A lot of people always skip this step and rather than looking for articles online and some stuff to gain knowledge like you have said, they always end up having these feelings that they can get all they need by just registering on an exchange and then gain some experience to make them better as time goes on.

This is a very good way to keep gambling until they end up losing everything until they find out that learning is the only way they can make a good decision.
To be called as a trader is easy, when you're the one who used to pay money in a service or goods or vice versa that person can be called as a trader but being called a trader here in a world of digital currency is not that simple. A trade in cryptocurrency is a bit complicated and risky I guess traders of cryptocurrency can somewhat be called as a gambler.😂

Trading is considered gambling. A lot of traders are unconciously
gambling. They often can't control their emotions and this happen
when putting a lot of money at stake. Always learning from
mistakes makes a good trader.
Typically, trading becomes gambling by not knowing what they enter. As i saw in particualr new people in cryptocurrency that comes from gambling have the same moves they want easy money so they are the ones who first affected in any bitcoins pump and dump. The mere answer to the thread starter is what he will do to be a good trader.
Kariste
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February 22, 2018, 05:32:45 AM
 #337

To become a trader you need to know about prices. Or where prices are headed can be found directly. Learn and understand the language of price action. Chart is also important so that you would know the moving and trend of the.product that you are planning to trade.
Alexis.Nick
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February 22, 2018, 06:38:13 AM
 #338

 To become a trader only means to be more financial free. Because of you are calling yourself a trader you already get the sequence of trading it surely you are now earning from trading.

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RakknRoll
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February 23, 2018, 04:13:28 PM
 #339

To become a trader you should fully understand the internal process and the environment in cryptocurrency. You need to able to learn all things about them and make some further research to enhance yourself.
Bitinity
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February 23, 2018, 04:20:28 PM
 #340

Trading is simple but not easy and in order for you to become a trader then you should start doing and practicing your own trading method. There are lots of ebook and guide anywhere you can find in the internet, tons of reliable fundamental and technical analysis guide for newcomer which you can try and determine yourself should it suit your best. However you should also understand trading has a lot of risk and the main reason of this is risking of losing all of your money in a single trade. So the question to yourself, are you prepare for this?  Grin
In fact, the final question should be, are you prepared to learn? The only way to avert most of the trading risk is by learning. A lot of people always skip this step and rather than looking for articles online and some stuff to gain knowledge like you have said, they always end up having these feelings that they can get all they need by just registering on an exchange and then gain some experience to make them better as time goes on.

This is a very good way to keep gambling until they end up losing everything until they find out that learning is the only way they can make a good decision.
To be called as a trader is easy, when you're the one who used to pay money in a service or goods or vice versa that person can be called as a trader but being called a trader here in a world of digital currency is not that simple. A trade in cryptocurrency is a bit complicated and risky I guess traders of cryptocurrency can somewhat be called as a gambler.😂

Trading is considered gambling. A lot of traders are unconciously
gambling. They often can't control their emotions and this happen
when putting a lot of money at stake. Always learning from
mistakes makes a good trader.

Maybe some people doing trading like gambling because they do not know what they are doing. They just do it randomly with 100% speculation based on what they think without doing any researches or reading graphs, news etc. That's the wrong way of trading imho.
I cant agree that gambling is considered as gambling because it is more complicated. Unlike gambling where the result depending on a pure luck.
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