Essentials for Traders

[creeps]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

[1714993849]

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[1714993849]

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[Andrey123]

It's all useless.
Without money, there is no trade.
Patience is a matter of course.

Experience will come only when you lose $ 10,000.
And if after that you can not learn himself, then it's not yours.

Give the idiot 1 million and he will lose it, and who knows how to trade with 1 dollar this million will do.

[supermine]

I would like to add one more point to this is time management,be consistent with your trading and always try to be available on that time always and if you are day trader then you need to be available 24/7 if you want more profits.

I little disagree with point three the patience is important for the trader but if you are a trader you need to consider FUDs too,when the price starts to fall just sell coins and buy them when the price starts to recover so it will allows us to earn money in short time.

[vv181]

I would like to add one more point to this is time management,be consistent with your trading and always try to be available on that time always and if you are day trader then you need to be available 24/7 if you want more profits.

Day trading for 24/7 hours is insane, it just too much. I'm sure we should choose the time when the market is more active than usual, It will be better since the market has a lot of movements at that time.

[spikyz]

I would like to add one more point to this is time management,be consistent with your trading and always try to be available on that time always and if you are day trader then you need to be available 24/7 if you want more profits.

I little disagree with point three the patience is important for the trader but if you are a trader you need to consider FUDs too,when the price starts to fall just sell coins and buy them when the price starts to recover so it will allows us to earn money in short time.

same, i believe FUD is not something to avoid, but actually something worth to considering too. if the fud is too strong , u can take advantage of it.

like wise man say, always go with the flow

[Dreamchaser21]

I would like to add one more point to this is time management,be consistent with your trading and always try to be available on that time always and if you are day trader then you need to be available 24/7 if you want more profits.

I little disagree with point three the patience is important for the trader but if you are a trader you need to consider FUDs too,when the price starts to fall just sell coins and buy them when the price starts to recover so it will allows us to earn money in short time.

same, i believe FUD is not something to avoid, but actually something worth to considering too. if the fud is too strong , u can take advantage of it.

like wise man say, always go with the flow

FUD news can only be good if you are well experienced traders but if you are just newbie its too risky to trade when the market is bear.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

Exactly, people should invest first on their self so they will not lose so much. Traders should be more responsible because your decision is what matter's here, news can be a big factor on your trade but you must focus on your target price for bot cut loss and profit taking.

[cydrix]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

Patience is the key to success keep it slow until you recover the loss is one of the most hardest thing in trading normally amateur panics in this situation even if they have seminars or tutorial on how he or she they couldn't do it right do  you can manage upon training yourself or involving in high risk turns.

[TorbiK]

Add practice here. Without practice, all your knowledge and patience and capital will not give you anything. Only with practice you become a master.

[supermine]

I would like to add one more point to this is time management,be consistent with your trading and always try to be available on that time always and if you are day trader then you need to be available 24/7 if you want more profits.

Day trading for 24/7 hours is insane, it just too much. I'm sure we should choose the time when the market is more active than usual, It will be better since the market has a lot of movements at that time.

24/7 is insane if you think what you are earning is enough but most of the people don't think that ways.In day trading how much trades you are doing will give more profits so always available is the way to make more money,work hard to get more money.

[BitcoinHodler]

the only thing that a trader needs to be successful is experience if you ask me. none of the above will help him if he has no experience, you can have the money, you can have knowledge (theoretical about the market), and you can be patient but if you don't know what to do you will wait until price drops to zero with your patience!

you need to have experience to know when to be patient and when to use haste instead. for example when a dump starts, you should not use patience, you should be fast enough to dump yourself before it is too late.

[Pursuer]

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

this is trading board no investors advice so when you speak of capital you are talking about the amount that traders put in. and that depends on the strategy that the trader uses. for example many use high risk strategies, invest big amounts and make bigger profits and it doesn't even last a week let alone 6 months. and even if you are using lower risk strategies it still has nothing to do with 6 months. trading is an active thing which you constantly have your money in and out not just sitting idle.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

very true. you need to gain a lot of it too and it will only be gained with spending time on the market and watching it.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.

I wouldn't call it "patience". it is more like using your brain and not your emotions. for example when the FUD comes, not selling is not the wise choice. but instead selling at a right time is a wise choice. for example when it starts you sell before the price is dumped to the bottom not after it reached the bottom. but unfortunately when FUD comes most newbies wait until last moment to sell and that is too late and they lose money.

[krauzzer02]

Add practice here. Without practice, all your knowledge and patience and capital will not give you anything. Only with practice you become a master.

Practice and practice then gain your own experience, with experience you possess some skills learned from the past mistakes molding your own decisions into a better one, I can also add another one and that is Mind conditioning, I always mention this whenever I saw someone panicking from the current price of the market, "the Battle always starts in the mind", always think your next move, don't be swallowed by your own emotions and crackdown.

[pawanjain]

You are missing a lot of key points here such as
Proactiveness which is essential if we want to make efficient trades. Quick actions will earn more profits in trading.
Skills which are needed to predict the output of a particular trade and the ability to research about a particular coin /ICO through various resources.

[shulio]

Investing the amount that one not afraid to lose is a good thing. That way you may continue to live without extra debts and may earn a fortune with your spare money. Also you may consider buying x usd amount of BTC every week.

[vudeptraihpv]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

Investment Strategies: Let’s Make Something Clear

How do investors make decisions they want to invest in real estate or stocks? Do they start making investments the moment they think about it? My guess is that the answer to that question is – no!

Before you invest in anything, you need a clear understanding of what your investment goals are and how you will achieve them. You want a good idea of how long you are prepared to keep your investment open, and what amount of profit you are happy to take.

You should have the same mindset with cryptocurrency investments. Before you decide what the next cryptocurrency to invest in 2018 is for you, let’s discuss the two main types of investment strategies for cryptocurrencies.

- Long-term Cryptocurrency Investment

A long-term investment is one where you expect a cryptocurrency to perform better over a longer period of time. Simple! Normally, the minimum time for long-term investment is 6 months to 1 year. Although, some people plan to hold onto their investments for 5-10+ years. It’s up to you how you choose to invest; you can either make your full investment in one go, or you can invest at different times.

- Long-term Investment Strategy

Once again, before investing any amount, you must have a clear idea of what your investment goals are:

Will you sell the cryptocurrency after a certain amount of time or will you sell it when it reaches a certain price?
Will you sell off your investment at once or will you sell parts of it at different times?
On what occasion would you sell the long-term investment in the short term? For example, if new laws come into place that could affect the long-term price of your investment, you might consider selling it sooner.
Next, you should do some research to decide which cryptocurrencies are best as long-term investments. I recommend that you check for the following:

Is their technology better than their competitors?
Do they have a strong team of founders and developers?
How good is their roadmap/plan?
Are they solving any real-world problems?
If you really believe in the cryptocurrency you invest in, you should learn to hold on to your investment even when the prices drop. If you ‘panic sell’, then you could lose money and regret selling.

- Reasons For Making Long-Term Investments

Long-term investing makes your life easier as you don’t need to watch the market all the time
You believe that some cryptocurrencies will give a better return in the long-term
You truly believe in the future of the cryptocurrency

- Short-Term Cryptocurrency Investment

Short-term investments are made over shorter time periods in the hope of making quick profits. So, just how short is a short-term investment?

Short-term investments can take seconds, minutes, days or even a few months.

- How Do Short-Term Investments Work?

Just like long-term investing, you need to have clear goals for your investment. You need to be asking yourself:

What profit are you expecting to make from this investment? This will give you an idea of the price at which you should buy/sell the cryptocurrency.
How much of a loss will you accept? This will help you control your losses if the price of cryptocurrency suddenly drops.
Do you have time to study and follow the crypto market and the news?
Can you make technical analyses of the crypto market? If not, then you should learn before investing.
Will your short-term strategy give you higher returns than a long-term strategy?
You need to find out which is the best cryptocurrency to invest 2018 for short-term. Cryptocurrencies that have the following are good options for short-term investments:

- Low market cap
High trading volume — lots of people are buying and selling it every minute
Are currently trending on the news and on social media
Have an ICO or have just finished their ICO — try to get them at a low price
While cryptocurrencies like Bitcoin and Ethereum can also be traded in the short-term, you should think about investing in the newer cryptocurrencies. Investors have made huge profits in past with short-term investments – including some of the major, but newest cryptocurrency investments like NEO, Stellar, IOTA and NEM.

The main advantage to short-term investments is that you can make a lot of money in a short amount of time — they have made a lot of people rich quickly. However, they still have their disadvantages.

- So, what are they?

They take up a lot of time and effort as you need to watch the market prices constantly
It is a riskier investment and can result in greater losses because of how much the price changes in a short time
It can be very stressful and emotional
It’s difficult to say which is the better option of the two investment strategies. It all depends on your goals and experience in the cryptocurrency market.

If you really believe in a project, then I recommend that you invest for the long term. However, if a project is new and is generating a lot of attention, then short-term trading could be the better option.

[rockie87]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

Agreed with all your points but other than that there are lot of things we need to understand for trading.One thing that i think is most important is choosing your coin for the investment and that need special type of skill set which is not inbuilt,you have to develop it with time and constant learning of the market.You have to be updated all the time.

[arseaboy]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

Equipping yourself with lots of knowledge will bring you high chance to succeed, knowing the system and learning how to calculate while you
are waiting for the good timing will give you big edge between any other traders, even you only have small funds but you are keen to understand
the market, then you are assuring yourself to earn more, trading is a speculative guess that will bring reality with your trust and understanding.

[harizen]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

Basic trading knowledge is enough at first.

Do you think patience can be learned prior on the actual start of the trade? Let those newbies experienced loss so that they will know how to counter it and enhanced their future trading trades.

Amount or Capital that willing to lose? No. Changed that behaviour to "they might not loss it"! If the involved amount will always be willing to lose then how come this newbies will stick up to the goal that they must win since losing will be ok.

Experience will teach them how to deal on that losses. It's the best foundation when doing trades. All losses that they will encountered will be served as good reference for much successful trade in the future.

[danniwide1234]

Trading is definitely not a short cut to making money for novice. It is important one have the right understanding and strategy if he or she is to be a successful trader. You must be well verse in Fundamental, sentimental and technical analysis for you to make the right decision while trading. As part of the strategy to employ you must decide if you will be a day trader or trade for a mid or long term. They all have their pros and cons. All in all experience and knowledge is very important in trading.

[liseff3]

I just wanted to add one point, that i think can't be left out ie Price Chart. With a price chart that can serve as an indicator of trade,  in this way allows us to avoid from effects which can be disadvantageous. Because what we trade here isn't a shirt or shoes that cost stagnant but Cryptocurrency that often fluctuate.

[zhekinsp]

The real essentials for a crypto trader is combination of good investment with well expericence and little bit of luck to make money in crypto trading,since the profit from crypto trading is actually loss of other trader so you need to be luck too to get money.But trading will not suit for everyone and trading will not much effective as much as holding.

[stomachgrowls]

It's all useless.
Without money, there is no trade.
Patience is a matter of course.

Experience will come only when you lose $ 10,000.
And if after that you can not learn himself, then it's not yours.

Give the idiot 1 million and he will lose it, and who knows how to trade with 1 dollar this million will do.

When it comes to bankroll or capital differences there would really be things which do big amounts will always have the edge since we do know that we can able to extent or adjust our position since we do have the big funds to trade on. Money is really the key on here for us to trade no money then there would be no trade.We know this is an investment on where money would be always present.Losing out money cant really be avoided as long we do gain experience and learnings.

[Johnyz]

The real essentials for a crypto trader is combination of good investment with well expericence and little bit of luck to make money in crypto trading,since the profit from crypto trading is actually loss of other trader so you need to be luck too to get money.But trading will not suit for everyone and trading will not much effective as much as holding.

Trading might not be good for everyone even if they know how to do this simply because they cannot control their emotion. This might be helpful for those who wants to become a trader who think its easy to do so. Just keep on pushing yourself to the fullest so you can maximize this opportunity.

[giarised]

This makes quite some sense. I believe you need capital first, after you might have gotten the capital you can then seek for the knowledge that is required in trading. As for patience, uhm… I don’t know if I would really consider that option when I’m on steady lose. Patience is good anyway, but if you keep on losing on a steady basis, I don’t see no reason to consider Patience anymore, all you have to do is quit and go and seek for a solution to your problem.

[entrepmind23]

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

Obviously you cannot trade without capital. The problem with this one is that when some people heard that trading cryptocurrency is profitable, they would think of getting involved too and sometimes they even borrow some money to be use as capital. Borrowing for capital is a big no especially if you are just learning to trade.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

Learning the basics of trading is important. There are so many trading resources out there and some people cannot even do a simple research what is the meaning of bull and bear market. Do not be afraid to lose because you will learn more when you lose. It is more satisfying being in profit because you made the right move and it is in your plan than being in profit because you got lucky.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.

It takes time to have some patience in this market. When you are equipped with knowledge then you will be able to control your emotions since you have an idea of what to do whatever happens. If you have a trading plan, knowing when to enter and exit a trade, it is a big help to be patient and wait for the right time. One of the major mistakes of traders is panic buying or selling because they are impatient.

[Oasisman]

Before anything else, when youre new in the field ofcourse you need Capital or money to start trading and of course what you comes first in mind is to gain profit. Then next will be learning the basic for you to be able to engage in trading. Then that for sure you'll lose certain amount from your capital, then you will learn from your experience. After learning from your experience, you can now insert the "Equip yourself with enough knowledge" and "Patience". This sequence will probably always happen to most of the experienced trader.

[BitcoinCommodor]

It's all useless.
Without money, there is no trade.
Patience is a matter of course.

Experience will come only when you lose $ 10,000.
And if after that you can not learn himself, then it's not yours.

Give the idiot 1 million and he will lose it, and who knows how to trade with 1 dollar this million will do.

Not really man, but you’re also right. I don’t fully support the one of having patience cause sometimes, holding on does more damage than letting go. So if you can’t trade with $1, if you are given a million dollars you will still end up losing all of them, no matter the amount of patience you have.

[breathlessz]

It's all useless.
Without money, there is no trade.
Patience is a matter of course.

Experience will come only when you lose $ 10,000.
And if after that you can not learn himself, then it's not yours.

Give the idiot 1 million and he will lose it, and who knows how to trade with 1 dollar this million will do.

Not really man, but you’re also right. I don’t fully support the one of having patience cause sometimes, holding on does more damage than letting go. So if you can’t trade with $1, if you are given a million dollars you will still end up losing all of them, no matter the amount of patience you have.

beside having patience we must more trading exercise to get more experince too. in trading i think capital and patient is not first factor to consistent trader. but from experience and learning by mistake is make tough trader

[bitcad4u]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

You are right.This are the essential one for the trading.Without the capital need for your inversment  ,you can't start a trade.
If you had start a trade without the knowledge of trading,you will lose your money invested in trading.
If you don't have patience in trading,you will lose the invested money.If you have patience means,you will gain a lot from the investment.

[Leonard2016]

I'm agree with you , Capital is the most important thing , and if you are rich enough you can be patient too because you don't care how down coins go!

[Granxis]

The real essentials for a crypto trader is combination of good investment with well expericence and little bit of luck to make money in crypto trading,since the profit from crypto trading is actually loss of other trader so you need to be luck too to get money.But trading will not suit for everyone and trading will not much effective as much as holding.

There is no chance factor in trading, people who do not trade with a certain method can lose money. I do not know anybody who has earned money by doing random trading before.

[myworkstrade]

Discipline, if you have discipline you will not lose. If you have plan you will follow your plan if you have goals you obey all the rules you made because you have discipline in trading and you know the consequences if you don’t follow your rules. I am agree with your pointers you just add discipline and determination and love what you do, its not inly for money you just need to enjoy what you are doing and have a risk management when you do trading like they said practice makes perfect but I don’t belive it. I only believe is practice until you succeed never quit and focus. Good luck

[mronezigger]

i accept the fact,but also,money management is also essentials for traders,day trading requires money management because it will help you not to stay long in trading thereby not entering into bad trends of markets.

[Reid]

Mostly new traders have their good amount for capital and yet they lose it in just a short run.
I guess they have also picked the wrong token.
They dont want bitcoin cause its too expensive. They go to cheaper coins like cents of a dollar per token and not knowing it will justgo to waste.
Experienced this when I was at Yobit. Good thing Binance now dont just accept tokens which are trash and they make them pay large amounts to see how legitimate they are.

[andriarto]

The real essentials for a crypto trader is combination of good investment with well expericence and little bit of luck to make money in crypto trading,since the profit from crypto trading is actually loss of other trader so you need to be luck too to get money.But trading will not suit for everyone and trading will not much effective as much as holding.

There is no chance factor in trading, people who do not trade with a certain method can lose money. I do not know anybody who has earned money by doing random trading before.

i think in trading we have to analyze the biggest opportunity, because there is no definite formula. then we should find the lowest price to enter market and release it at highest price. to be like that we must have good trading skills

[pandanaran]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

I think those three things are indispensable not only in trading but in many things, the problem is how to do it especially on knowledge, most of them can not implement it when they know that 3 things are very in need.

[kent47400]

Patience is a matter of course.

but I feel patience is the key that is most powerful for a person's life to achieve success.

we can see if people trade "without patience" then all the capital will run out.
and it causes a feeling of greed.

[TimeTeller]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

I think those three things are indispensable not only in trading but in many things, the problem is how to do it especially on knowledge, most of them can not implement it when they know that 3 things are very in need.

Those are basic things to consider before investing on anything, even not in crypto.
I like point #2 - don't depend to anyone. You need to do your due diligence.
You are alone in this battle. No one will help you in trading. They will give you pieces of advice but that's it.
But for #3 -actually FUD sometimes help. Just like what others said. You need to learn how that works in trading.
Every coin or token is different. You should study first the trend's behavior when fud happens. But that's only a guide.
It might not work on your next target. So be alert in the trading world. You need a lot of time, patience and understanding if you want to be a real trader.

[logicgate]

Nice post! In addition, emotional mastery is needed, because one of the most difficult aspects of being a successful trader in the crypto market is knowing the basics of sticking to the strategy during times of price turmoil. This is a serious problem in the crypto market due to the volatility of cryptocurrency.

During price turmoil we have to follow good strategy so that we may not get hurt by any decision which may not suit the market conditions. Getting updated with the market conditions will remove all your queries only if you have knowledge of the market and basic knowledge as well which provides a path for you so that you successfully walk on it towards your destination.

[farosa]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

In my opinion, experience is also. Well, with the money and knowledge, you're not a trader. You should apply your knowledge, as a time goes, you will develop more. The mistakes will make you as a trader.

[joromz1226]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

The most important for the traders to all what you had mentioned was Capital or money, because without it you can't be called trader. Then,

knowledge, patience and other's will be follows then aside from that no more. Very simple to understand isn't?

[Cryptokarl]

These are the things a trader needs in order to succeed in this industry. These are very essential especially when it comes to discipline. A lot of traders are good but staying discipline is a hard task for them. A trader needs to be disciplined in order to make waves

[paul_ammit]

I'm agree with you , Capital is the most important thing , and if you are rich enough you can be patient too because you don't care how down coins go!

I guess, patience in this market is the one fact that determines your success.

[CoinChili]

This three things are the main steps to become successful in trading. If i may add, less greed will also lead to more favorable result. Also, there are times that our trades are not in a good result, but if we are more patience we may also achieve our goal profits in trading.

[BitcoinHunt3r]

This three things are the main steps to become successful in trading. If i may add, less greed will also lead to more favorable result. Also, there are times that our trades are not in a good result, but if we are more patience we may also achieve our goal profits in trading.

Maybe less greed is important thing that people must know. Because if we're greedy and never satisfied with our profit, sometime it will be bad for us. For example if we use capital and profit to trade, and then lose.

[playboy654]

Trading account different kind of things we cannot judge itself while we are doing the proper work because traders had no time and date for his work especially day traders a are definitely need to work 24/7 each and every day for the continuous profit

[prtty2gal2]

This three things are the main steps to become successful in trading. If i may add, less greed will also lead to more favorable result. Also, there are times that our trades are not in a good result, but if we are more patience we may also achieve our goal profits in trading.

Maybe less greed is important thing that people must know. Because if we're greedy and never satisfied with our profit, sometime it will be bad for us. For example if we use capital and profit to trade, and then lose.

The most dangerous emotional trading tool is greed, though sometimes it is good, it is good in the sense that it leads the trader into mistakes and without making mistakes, a lot of trader will not learn their lessons to really understand what we are talking about, majority of us can confidently speak against greed now because we have all been a victim of it in one way or the other.

Just like me, I learnt to be a perfect trader and kudos to greed, it really hit me hard and now I have learnt to trade and be satisfied with the little profit I have, though we have to be very careful not to confuse greed with a little push, a little push sometimes can lead us to our maximum potential.

[GreatArkansas]

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.

This kind of skill is very important, especially for the newbies on trading. I encountered this since I started on trading, I always get too excited or getting FOMO every time when I do a trade before. I learned lessons from my past trades, every trader should really have patience, always stick to the plan or in your chart, when to entry and exit.
Always think that if you missed that trade or entry, there's always another chance or much better entry points.

[Ararbermas]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

definitely a big help but probably this will be good only for those open minded ppl which who really care about the safety of their money and really interested to become expert on trading. Because mostly nowadays don't care about it in the first place and always making mistakes .that's what i've notice nowadays they always ignoring this useful tips.

[stomachgrowls]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

definitely a big help but probably this will be good only for those open minded ppl which who really care about the safety of their money and really interested to become expert on trading. Because mostly nowadays don't care about it in the first place and always making mistakes .that's what i've notice nowadays they always ignoring this useful tips.

First of all why this year old thread had been bumped once again? People dont really know on whats necro posting.
On topic, these arent useful tips but rather a necessary thing for you to have before you can trade.Money is one thing and knowledge and skills would be learned along the way
It would only matter or differ on how a certain trader would formulate his trading style to be profitable as the time goes by.

[Furious 7]

First of all why this year old thread had been bumped once again? People dont really know on whats necro posting.

This thread should be locked. I am sure there will be a lot of spam posts here.

it looks like the OP doesn't need any comments, and this discussion must be stopped.

[mersal]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

yes you are right in these three points the most important thing that I have considered is patience. without this quality you cannot be a successful trader at any field of time and it will make you more stronger again and again when you get your patience level it will definitely give good confidence and good mind set

[izanagi narukami]

Usually when I try to trade in short term,TA is the great way to analyze but it doesn't guarantee but at least , it will make your portofolio better.
For long term, FA is great way to learn. Unlike TA, FA provide less stress activity and as you guys can guess, by holding for long term just like I did on crypto

[mrdeposit]

Usually when I try to trade in short term,TA is the great way to analyze but it doesn't guarantee but at least , it will make your portofolio better.
For long term, FA is great way to learn. Unlike TA, FA provide less stress activity and as you guys can guess, by holding for long term just like I did on crypto

In this case, you can make more precise analysis by giving the superiority to FA. TA is useful in the short term, but it is not known how long it will work. Therefore, you should focus more on FA.

[ASHLIUSZ]

To be successful with trading a better learning about the market is a must. People simply get into trading investing big, expecting good profit without analyzing the present market. With cryptocurrency being a trader should not focus on profiting in the short from the beginning. Need to go for long term profiting, and in between if the market supports it is good to make a trade.

[arpon11]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

The out listed are some of the must have before investing into cryptocurrencies.  It is very truth that trading is a very risky venture and going into it without adequate knowledge and capital will end up with disasters!  However,  trading is a game, you cannot become successful in it without adequate skills and experience.  What  put you ahead of others is your skills and knowledge one how to trade professionally.

[fibrolit]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

I would correct the first point. It is not necessary to invest even minimal amounts of money to lose them and learn at the same time. You can simply record your possible rates for the first few months without investing money, and then check them. So you will learn and not lose money.

[Hannahanto]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

Right Creeps. Capital, experience and patience are most essential in trading. The size of capiral decides your profits. Investing less would certainly yield less profits even if you choose coins that are cheaper. Hence try with minimum $1000 to earn minimum $20 per day in day trading.

[Slark]

Yes, this is the most important thing for the trader. It is worth paying great attention to your emotional state, because if you cant cope with it, that trade is not for you.

[cryptoblue77]

Experience is the mother of knowledge. Start with an amount that you can afford to lose and practice real trading, as the time passes you would gain experience and that would be very useful in future trading.

[prtty2gal2]

This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

Funny how someone can say that op’s points are useless . If you don't calculate yourself properly when it comes to trading, you will just be losing. You have to know that there is a risk you will be taking ahead as you start trading, so you need to mind the capital you're starting and know how much you should trade and that should be an amount you're ready to risk. Yes there is profit, but you should also be prepared for the risk that can as well follow.

This three things are the main steps to become successful in trading. If i may add, less greed will also lead to more favorable result.

Yep, these three are very important and you also need to have independent thinking and not just taking whatever people say. Do make your own research too. Next is that anyone who is a traders needs to have team working ability, physical and mental stamina. And lastly, patience, as the up has said. Having is very important when it comes to trading.

[jems]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

I agree with you when you speak, don't just focus on money, basically I think trading is not only with money but also with strategies and strategies that will be governed by knowledge. So all the factors that you mentioned earlier are interconnected and will make us a successful trader.

[sinta23]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

I agree with you when you speak, don't just focus on money, basically I think trading is not only with money but also with strategies and strategies that will be governed by knowledge. So all the factors that you mentioned earlier are interconnected and will make us a successful trader.

in the world of crypto patience it is very important to get the desired results because like trade and investment in order to get a big profit you must have great patience and confidence too

[rizkyhiw]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

I agree with you when you speak, don't just focus on money, basically I think trading is not only with money but also with strategies and strategies that will be governed by knowledge. So all the factors that you mentioned earlier are interconnected and will make us a successful trader.

in the world of crypto patience it is very important to get the desired results because like trade and investment in order to get a big profit you must have great patience and confidence too

Don't forget that patience must be based on good knowledge because it will be very decisive in the future, sometimes people who are very emotional are people who do not understand the market scheme and what must be done to become investors or traders, money is no guarantee of being rich but how we manage everything and don't consider it easy what is considered to be just a big advantage, that is a very wrong thought.

[nydiacaskey01]

Whats essential are those tools in trading like Bollinger Bands that helps you decide if the trend will continue or its about to end. RSI and Parabolic SAR are good tools too that I use when I trade. When I started in trading, I use nothing but emotions, gut feeling but after loosing a lot already, I started to look the other way and study using those tools and I find it very helpful.

[GreatArkansas]

Experience is the mother of knowledge. Start with an amount that you can afford to lose and practice real trading, as the time passes you would gain experience and that would be very useful in future trading.

This could be the best for beginners in crypto, I also learned this before I started crypto, I have many mistakes made. Especially when the time I started to trade, I didn't learn also the risk management, it is really good to start in a small amount and that small amount is good for practice how to trade and practice how to do the technical analysis and that will lead to your success in trading, step by step.

[raven7886]

This three things are the main steps to become successful in trading. If i may add, less greed will also lead to more favorable result.

Yep, these three are very important and you also need to have independent thinking and not just taking whatever people say. Do make your own research too. Next is that anyone who is a traders needs to have team working ability, physical and mental stamina. And lastly, patience, as the up has said. Having is very important when it comes to trading.

Probably the person that said so is not a trader and doesn’t even understand a bit about trading because if he does, he will understand that every point the OP has mentioned is vital which is even still small compared to other things that are very necessary to make a trade successful or make one be a professional trader.

There is no professional trader that has not once or twice in their life lost money but what makes it less painful is that they trade with amount they can easily afford to lose though no hard earned money is really that easy to lose except one is extremely rich but at least the one that will not make one to be too heartbroken.

[el kaka22]

I think learning by trading is a good option. I mean you can't just read stuff and expect to be a good trader, of course if you read other successful people you will start 1-0 ahead of the person who just goes into trading without knowing anything but just reading wouldn't be enough for you. A trader is literally someone who trades and without trading you can't really become a trader, so in order to be good you first need to start trading and seeing how it all works from inside.

I have known about the technical stuff for years but my real trading started after the 2017 peak because when it started to go low I realized this is my chance, bitcoin is low once again and we know it can reach to $20k because it already did and it could do it again so it felt like a safe zone where I can trade and know that one day if I fail and lose money I could recoup it when bitcoin went up again.

[Slow death]

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

I am of the opinion that the person should take $50 to practice and have at least 1 BTC to do trade and have some decent profit

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

this is the most important thing, although the technical analysis hardly works in this crypto market

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.

true, but the person must be very attentive so as not to lose money, depending on the news you can see falls of prices very frightening, so the person should stay alert and must follow the news

[yecats]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

Besides  from Knowledge and  Capital is the  most  important   Emotions because there  are  a lot of traders  especially newbie in trading are so emotional when  it  comes  in winning and loosing in trading.

[BUK2016]

How to control one emotion is very important when it come to trading and one of the way to control emotion is by strictly follow your money management policy which you have sent before the commencement of the trade.

[Nifflerco]

I would also add that it's worth to try simulated trading too. Many people think that it's easy to perform well on simulated exchange, but reality of the situation is that same principles apply and it's not that easy. As the co-founder of simulated cryptocurrency exchange I can tell that we have bunch of users and very little % are actually successful.

Main benefit is that newbie trader soon realise how volatile this market is, especially if you making transition from FOREX trading.

Just my two cents, but I think that if you can not perform well on a simulator, you should never go and trade with real money. Same as none of us would feel comfortable flying a plane with a pilot who keeps crashing in the pilots simulator.

P.S. Recently we have launched a rewards program, so you can spend your play dollar profits on rewards.

[Altero]

How to control one emotion is very important when it come to trading and one of the way to control emotion is by strictly follow your money management policy which you have sent before the commencement of the trade.

If have a long engagement in trading, we can learn on how to control our self emotion and even can decide what is right and what is wrong. We mostly have that problems(decision making) especially during the times of bearish season.  People will get bored (patience) and even thinking to sell their coins(worries) earlier before it dumps hard, but they'll might be wrong with their perceptions and possible regrets after(blaming).

[Nifflerco]

How to control one emotion is very important when it come to trading and one of the way to control emotion is by strictly follow your money management policy which you have sent before the commencement of the trade.

If have a long engagement in trading, we can learn on how to control our self emotion and even can decide what is right and what is wrong. We mostly have that problems(decision making) especially during the times of bearish season.  People will get bored (patience) and even thinking to sell their coins(worries) earlier before it dumps hard, but they'll might be wrong with their perceptions and possible regrets after(blaming).

In most cases markets start pumping after people lose hope and sell. It's just a never ending cycle.

[Distinctin]

In most cases markets start pumping after people lose hope and sell. It's just a never ending cycle.

That's the trend that only few have noticed.
Experts said that we should not panic when the price dump, they said we should buy the dip and sell the bottom, and be greedy when people panic.

[michellee]

In most cases markets start pumping after people lose hope and sell. It's just a never ending cycle.

That's the trend that only few have noticed.
Experts said that we should not panic when the price dump, they said we should buy the dip and sell the bottom, and be greedy when people panic.

That is what people should do regards of the price dump but the reality, many people still panic, and they think that the price will still down. We still cannot make a better decision when the price is down, and we decide to sell some amount to prevent a big loss. But if we can stay calm, we will use the moment to buy more. So we need to maintain our emotion don't panic when the market is down.

[hyunee]

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

I like the amount that a person is willing to lose. That phrase could be applied also in trading.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

It's true that you need to read a before you try trading or even though you're trading, being knowledgeable in trades is very essential.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.

Being driven by emotions doesn't have any place in trading. If you continue having this kind of mentality then it will be the end of you in trading.

[Thanasis]

In most cases markets start pumping after people lose hope and sell. It's just a never ending cycle.

That's the trend that only few have noticed.
Experts said that we should not panic when the price dump, they said we should buy the dip and sell the bottom, and be greedy when people panic.

Trading is like an art,so everyone can't be a Picasso in it only the people who can handle all the trades and manager much kind of trading patters will get profits.If everyon want to make profits then it is impossible because profits came form loss of another one.

[btc_angela]

In most cases markets start pumping after people lose hope and sell. It's just a never ending cycle.

That's the trend that only few have noticed.
Experts said that we should not panic when the price dump, they said we should buy the dip and sell the bottom, and be greedy when people panic.

Trading is like an art,so everyone can't be a Picasso in it only the people who can handle all the trades and manager much kind of trading patters will get profits.If everyon want to make profits then it is impossible because profits came form loss of another one.

I like how you put it. For me it's a journey, like you start being young unexperienced and then you grow up to learn a lot from your past mistakes and became a better man/trader. And it's not like you suddenly grow overnight learn to trade and became successful.

[gantez]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

Although that you said it in the last part of your sentence, it is very advisable to start trading with small capital, this will help you learn more because of the small money there. You won't have so much fear with small capital and with time, your expertise and confidence will increase.

[Nifflerco]

In most cases markets start pumping after people lose hope and sell. It's just a never ending cycle.

That's the trend that only few have noticed.
Experts said that we should not panic when the price dump, they said we should buy the dip and sell the bottom, and be greedy when people panic.

The reality of the situation is that even though many ppl realise this is how they should do it, FUD consumes them and they end up not buying the dip, and when market start pumping again, they realise their mistake and jump back in out of FOMO.

The best strategy to fight the FUD is to have some other reason to believe in the asset that you are trading, this is something that will motivate you to buy it during the dip. If you do not have  fundamental confidence in the asset that you are investing you are likely to hit the FUD or FOMO trail.

[whirlcoin]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

yes I agree without the three important things you cannot be a complete trader in your life so you need to follow it and everything most probably especially the patience are the most important for everything without this quality you will not been successful.

[omonuyak]

Op I am with you on those three points!  To succeed in trading you most be patience and investing with good knowledge.  Many traders jump into the market without adequate knowledge on how the market work and at the end lose money.

[Sanitough]

Op I am with you on those three points!  To succeed in trading you most be patience and investing with good knowledge.  Many traders jump into the market without adequate knowledge on how the market work and at the end lose money.

They do and they normally loss money.
However, this is healthy for the market I guess because when some are losing money, it will also help the smart one to profit.

[LogitechMouse]

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

This is one of the most important need of a trader. Without capital, we can't trade . I think lets just minimize our capital if we are still newbies in gambling to prevent losing a huge amount of money.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

Read books, learn from mentors, find a mentor that will help you, watch youtube videos. These are the things you must do if you want to become a successful trader. Without doing this, you are just throwing your money away.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.

Well, without patience you will lose. You will let your emotions trade and not yourself. Trading with emotions will result in a possible loss so just be patient if you are trading. If your coin goes down, hold it unless you know how to use stop loss.

[Ucy]

Newbie don't necessarily have to use real money to learn trading on exchanges. They could use demo account to learn. There are some exchanges that offer the demo trading feature.
The best advice for newbies remains "trade with what you can afford to lose'

[Lee_Mire]

Investing beats trading.

[bitgolden]

In most cases markets start pumping after people lose hope and sell. It's just a never ending cycle.

That's the trend that only few have noticed.
Experts said that we should not panic when the price dump, they said we should buy the dip and sell the bottom, and be greedy when people panic.

You are both, because that is the major tool and strategy the whales use in accumulating coins and they will always do anything possible to come up with any idea that will make a seller panic sell for them to be able to buy at cheaper price, that is why they are still the ones behind most of these negative news we see about bitcoin so it can cause FUD for investors who are not strong to sell low.

While they pump the coin when it has gone to deep and they must have accumulated whatever is enough for them.   We just have to try not to give in to their strategies again and show them we are stronger than them, just that doing so, we might experience a stagnant price for a while.

[Vispilio]

It takes a very specific psychology and set of character traits to enjoy day trading or high frequency trading.

Only people who genuinely get a high on chaos, adrenaline, risk taking and lots of action without getting psychologically damaged by momentary / short term financial losses can consistently engage in intensive versions of trading.

If this doesn't sound like you, investments with medium to long term profiles would be the reasonable option for you.

[Malsetid]

It takes a very specific psychology and set of character traits to enjoy day trading or high frequency trading.

Only people who genuinely get a high on chaos, adrenaline, risk taking and lots of action without getting psychologically damaged by momentary / short term financial losses can consistently engage in intensive versions of trading.

If this doesn't sound like you, investments with medium to long term profiles would be the reasonable option for you.

I think people can eventually adapt to that in time if they really want to. Many good day traders probably started as jittery ones but were determined to learn. Taking in a lessons and techniques from losses as much as from gains. Of course this doesn't apply to all but if you really want to be a good day trader, the character traits you mentioned can be picked up.

[incomefromcoins]

we need to have patience and strategy for trading and capital for investment and most importantly money management

[deisik]

It takes a very specific psychology and set of character traits to enjoy day trading or high frequency trading.

Only people who genuinely get a high on chaos, adrenaline, risk taking and lots of action without getting psychologically damaged by momentary / short term financial losses can consistently engage in intensive versions of trading

Ultimately, it all comes down to your net financial result

From my perspective, any normal person can cope with anything you described (high on chaos, adrenaline, risk taking and lots of action) as long as they are able to earn profits enough to make sense of this psychological tension and interested in that. So, in the end, it is not so much about a specific set of personality traits as their balance in respect to profit expectations, i.e. how much profit is needed to justify the mental effort required to obtain it (read, everyone can do that). Further, no one can actually stand serious losses as long as they are serious to the person experiencing them (this is like a reverse tautology)

[jhonjhon]

It takes a very specific psychology and set of character traits to enjoy day trading or high frequency trading.

Only people who genuinely get a high on chaos, adrenaline, risk taking and lots of action without getting psychologically damaged by momentary / short term financial losses can consistently engage in intensive versions of trading.

If this doesn't sound like you, investments with medium to long term profiles would be the reasonable option for you.

I think people can eventually adapt to that in time if they really want to. Many good day traders probably started as jittery ones but were determined to learn. Taking in a lessons and techniques from losses as much as from gains. Of course this doesn't apply to all but if you really want to be a good day trader, the character traits you mentioned can be picked up.

All are actually welcome into trading but only few were tried and survive. We could say, for 100 traders mostly probably 50% of them will continue and being in the right and the rest will bankrupt and leave crypto with full of regrets. This is how being a traders, if we have that strong determination and willingness to take the risk, will surely have a fruitful results.

[GregH37]

I think people can eventually adapt to that in time if they really want to. Many good day traders probably started as jittery ones but were determined to learn. Taking in a lessons and techniques from losses as much as from gains. Of course this doesn't apply to all but if you really want to be a good day trader, the character traits you mentioned can be picked up.

Virtually every traders started jittery at their initial stage but what amuses me is the fact that we still have lots of people that still get jittery despite their number of years in the trade, sometime I find it quite unbelievable that he has spend good 4 years trading and still panic sell too or still trade with emotion.

I don’t think this trading thing has to do with how professional one is, I have seen a professional go bankrupt after collecting money from quite a number of investors to help them trade on their behalf and lost half of the money to panic sell, I also think sometime, it is the over confidence of professional  trader thinking they cannot fail that affects them, some don’t even use risk management tools like stop loss and others.

[deisik]

I think people can eventually adapt to that in time if they really want to. Many good day traders probably started as jittery ones but were determined to learn. Taking in a lessons and techniques from losses as much as from gains. Of course this doesn't apply to all but if you really want to be a good day trader, the character traits you mentioned can be picked up.

Virtually every traders started jittery at their initial stage but what amuses me is the fact that we still have lots of people that still get jittery despite their number of years in the trade, sometime I find it quite unbelievable that he has spend good 4 years trading and still panic sell too or still trade with emotion

I don't think we can entirely get rid of the "jitters"

Though it doesn't necessarily have anything to do with panic sells (or panic buys, for the record). Even if the price moves in your favor and your profits are rising, you will still feel excited as adrenaline rushes through your veins. That has more to do with your character traits as such, i.e. whether you are emotional or not very much overall (note that it doesn't mean that your trades are emotion-based). It is like fear. Everyone feels it, while the real difference between a novice trader and an experienced one lies in how they deal with it

[justspare]

we need to have patience and strategy for trading and capital for investment and most importantly money management

Anyone that doesn’t have knowledge and strategy to trade, it’s better for them to stay away from it. Trading is not meant for everyone , if you can’t trade , there are lots of other things that you can also do to make money through cryptocurrency. But, if you insist that trading is what you have to do, then you should take every time in studying it and also learning about crypto itself to be sure of how everything works.

I believe that capital is very important and that reminds that there are people who don’t have money, but because they think that they can go all in with the little money they have and withdraw big money within a short while, they decide to risk everything and at the end they will end up losing every money they have. It just doesn’t work like that.

Anyone that wants to be an investor/trader must first make money from a regular non-risky business and after they have made enough money, they can take a little percentage and trade with it.

[deisik]

Anyone that wants to be an investor/trader must first make money from a regular non-risky business and after they have made enough money, they can take a little percentage and trade with it

Well, there is another point of view

It is common knowledge that most wannabe traders will lose in the beginning, and that is normal (what's not normal is if you are unable to change your approaches but I digress). Then, if you don't have capital, you can't lose much, right? So starting early with small money can actually prove quite beneficial in the end since when you inevitably lose your balance at first, it won't take much time and effort to make up for your loss via "a regular non-risky business"

Conversely, if you first spend years making enough dough in anything other than trading and they lose it all (as it is never the case with novice traders to cut their losses short), you may have a hard time to gather yourself up and spend a few more years to get back what you so carelessly lost. And I'm not even speaking that your whole attitude toward trading may turn completely negative

[Wexnident]

Newbie don't necessarily have to use real money to learn trading on exchanges. They could use demo account to learn. There are some exchanges that offer the demo trading feature.
The best advice for newbies remains "trade with what you can afford to lose'

But for "some" newbies they are taking demo account not that serious because they have this thinking that isn't real at all. I know there are several exchanges like bitMex where you can trade without money involve as if you are really on a practice trade and familiarizing the market.

[michellee]

Newbie don't necessarily have to use real money to learn trading on exchanges. They could use demo account to learn. There are some exchanges that offer the demo trading feature.
The best advice for newbies remains "trade with what you can afford to lose'

But for "some" newbies they are taking demo account not that serious because they have this thinking that isn't real at all. I know there are several exchanges like bitMex where you can trade without money involve as if you are really on a practice trade and familiarizing the market.

Some newbie doesn't want to practice with the demo account because they cannot see the real profit if they got profit. They want to get a real profit, and that is why many newbie traders come to the exchanges, but after they register, they don't know how to trade with the right. But some other newbies can learn more than the others and so they can be able to make their real profit in the exchanges.

[GreatArkansas]

Newbie don't necessarily have to use real money to learn trading on exchanges. They could use demo account to learn. There are some exchanges that offer the demo trading feature.
The best advice for newbies remains "trade with what you can afford to lose'

But for "some" newbies they are taking demo account not that serious because they have this thinking that isn't real at all. I know there are several exchanges like bitMex where you can trade without money involve as if you are really on a practice trade and familiarizing the market.

Yes, that is the most problem of newbies who are taking some free demo. They don't take it seriously, but for me, to become a successful trader, you need to start from the bottom, as OP said, you need patience. But I know some people who started in some demo account who become successful, but some also said that when they used the demo, they are good and most of the trades are success but when it comes to the real trading account, they lost 

[Vispilio]

I think people can eventually adapt to that in time if they really want to. Many good day traders probably started as jittery ones but were determined to learn. Taking in a lessons and techniques from losses as much as from gains. Of course this doesn't apply to all but if you really want to be a good day trader, the character traits you mentioned can be picked up.

Ultimately, it all comes down to your net financial result

From my perspective, any normal person can cope with anything you described (high on chaos, adrenaline, risk taking and lots of action) as long as they are able to earn profits enough to make sense of this psychological tension and interested in that. So, in the end, it is not so much about a specific set of personality traits as their balance in respect to profit expectations, i.e. how much profit is needed to justify the mental effort required to obtain it (read, everyone can do that). Further, no one can actually stand serious losses as long as they are serious to the person experiencing them (this is like a reverse tautology)

Thanks for your interesting opinions. I agree such an adaptation can be acquired, although I consider that a phenomenal achievement.

There were some studies made concerning the brain activity and hormonal responses of traders, and almost invariably it has been demonstrated that an equivalent amount of profit and loss lead to distinctly disproportionate emotional responses in humans, eg: the anguish experienced by a 10,000 USD loss is much greater than the joy / happiness that a 10k USD trading profit brings (at least in terms of observed brain activity, hormone levels & the poll opinions of the tested subjects).

Humans are naturally wired to be risk adverse and highly sensitive to pain stimuli; that's why it's really difficult to genuinely acclimatize yourself to this clearly unbalanced practice of emotional roller coasters that naturally come with HFT; part of the reason why a very few percentage of people can make profitable intraday / high frequency traders...

[Faxmate]

Newbie don't necessarily have to use real money to learn trading on exchanges. They could use demo account to learn. There are some exchanges that offer the demo trading feature.
The best advice for newbies remains "trade with what you can afford to lose'

But for "some" newbies they are taking demo account not that serious because they have this thinking that isn't real at all. I know there are several exchanges like bitMex where you can trade without money involve as if you are really on a practice trade and familiarizing the market.

Yes, that is the most problem of newbies who are taking some free demo. They don't take it seriously, but for me, to become a successful trader, you need to start from the bottom, as OP said, you need patience. But I know some people who started in some demo account who become successful, but some also said that when they used the demo, they are good and most of the trades are success but when it comes to the real trading account, they lost 

According to me it is not bad, infect there should be some institutes for new trader where they can use to take demo and tell them what are their weakness and what can help them overcome it, a good trader should take all the miner things so serious to make profit in trading, there are so many ways to gain knowledge about trading go for it and increase your trading knowledge.

[sana54210]

for "some" newbies they are taking demo account not that serious because they have this thinking that isn't real at all. I know there are several exchanges like bitMex where you can trade without money involve as if you are really on a practice trade and familiarizing the market.

Yes, that is the most problem of newbies who are taking some free demo. They don't take it seriously, but for me, to become a successful trader, you need to start from the bottom, as OP said, you need patience. But I know some people who started in some demo account who become successful, but some also said that when they used the demo, they are good and most of the trades are success but when it comes to the real trading account, they lost  

Demo trading can still not be compared to real trading, that is what real trading will always use to senior demo in all areas, most people who has practice with demo end up becoming great with demo but the moment they are faced with real trading, they tend to panic a bit.

But, it is the demo training that will shorten the time they get use to real trading and stop panicking, but irrespective of the training we have gotten through demo, we still need to be extremely careful with the real one, we need to have our strategy in place and never trade without making our stop loss tool active on every trade.

[deisik]

Demo trading can still not be compared to real trading, that is what real trading will always use to senior demo in all areas, most people who has practice with demo end up becoming great with demo but the moment they are faced with real trading, they tend to panic a bit

It cuts both ways, actually

Technically, demo trading allows you to learn how to trade, i.e. how to add orders, cancel them, and do most other things you would typically do with real trading. But the catch is that you won't feel real emotions in demo mode and that can be harmful along the road when you get down to real stuff. In fact, it can't possibly teach you not to panic

Quite the contrary, when you start to panic for real, that will be a sort of scary discovery to you, an unpleasant revelation. I think that's one of the reasons why demo trading should be avoided when you can trade for real with small amounts and feel a bout of small panic now and then to change your ways accordingly

[posi]

Demo trading can still not be compared to real trading, that is what real trading will always use to senior demo in all areas, most people who has practice with demo end up becoming great with demo but the moment they are faced with real trading, they tend to panic a bit

It cuts both ways, actually

Technically, demo trading allows you to learn how to trade, i.e. how to add orders, cancel them, and do most other things you would typically do with real trading. But the catch is that you won't feel real emotions in demo mode and that can be harmful along the road when you get down to real stuff. In fact, it can't possibly teach you not to panic

Quite the contrary, when you start to panic for real, that will be a sort of scary discovery to you, an unpleasant revelation. I think that's one of the reasons why demo trading should be avoided when you can trade for real with small amounts and feel a bout of small panic now and then to change your ways accordingly

I agree with what you said about doing a real trading with small amount in other learn how continue or pause the panic act which was the most reason behind a lot of crypto trader losses but I don't think avoiding the demo practise is a good idea because ones could still learn some strategy through the demo while use the small real to balance the emotions level in other to be a better trade.

[SvonioneFromMangoCoinz]

Learning is very important. I learned how to plan for my big investments from financial books. Before that I was an amateur investor and only invested in emotion. That investment has cost me more than $ 3,000.
But now I have learned many things after failing. and knowledge is extremely important in the field of investment. Don't stop reading newspapers and books every day.

[Jhonyguy]

learning and practice is much essential , if we want to be traders we should know what market conditions we are trading in and what are sentiments and lots of analysis

[Barbut]

Every advice about trading can be good, but in the end a person needs to sit and start trading, without that all advises means jack shit. Experience comes from making mistakes, not from mistakes that other made. I tried many strategies in trading, lost a lot of money before I found what is best for me. Its what I`m telling others to do, to try things, lose or win some money, to learn while they doing that and to try to find whats best for them.

[beerlover]

learning and practice is much essential , if we want to be traders we should know what market conditions we are trading in and what are sentiments and lots of analysis

This two you mentioned are the main key to see a successful trade.  And when it comes to practice after acquiring knowledge, it is very necessary to stay in practice for a very long time till one in confident enough to face the real trading, some of the mistake newbie makes is to learn trading for making like a week or two, then use another 1 week to practice, then join direct trading, which to me, it’s quite too early to catch a glimpse of what is really happening in the trading environment, I fee before one can even jump into live trading, the market is always there and it’s not running anywhere, one must still take at least 6 months to practice in order to become perfect.

[Bagaji]

You have mentioned some of the factors that will actually helps newbies who don't know much about crypto currency trading and want to trade just because of testimonies from people who have made some good profit from their crypto currency trading.
In addition to the point you have mentioned, I will like add money management policy as a guide for newbies.

[Kiweikoo]

This three things are the main steps to become successful in trading. If i may add, less greed will also lead to more favorable result. Also, there are times that our trades are not in a good result, but if we are more patience we may also achieve our goal profits in trading.

This is an open secret that you should not be in the business just for money but for the provision of best services to your costumers. This helps you work delicately to improve your business. If you are in cryptocurrency just for money, greed will make you make bad decisions which would be unhealthy in the long run.

So, I think that you should avoid being greedy and would be able to make money in cryptocurrency in long run if you speculate in good coin.

[Freny250]

Greed is also important in trade.  Many people have lost good sum of money from trading reason because of greed. they tends to over wait for profit even after meeting their target which is not good for trade

[worle1bm]

Yes i agree with you that these three are most important elements in trading but most above all is money factor because you have to invest in any crypto of your choice but that must be potential coin.Newbies can't have any experience as it will come with time and mistakes.They need to be pateint in this highly risky market if they want gains.Greed should not be factor of trading.So always invest wisely and be happy.

[Ailmand]

I agree that these three are important. However, we also need time to make things possible. We should consider our availability to do trading. We should manage our time appropriately to set things well. A smart trader knows how to balance everything.

[mirakal]

I agree that these three are important. However, we also need time to make things possible. We should consider our availability to do trading. We should manage our time appropriately to set things well. A smart trader knows how to balance everything.

Time management is necessary, trading will definitely make you rich if you are smart and knows how to manage your time.
You have time for trading and outside trading because life is not only about trading alone, the money you earn should be spent for you to enjoy
and you need time to do it.

Plenty of things we have to learn to be a successful trader, but once we are in, the sacrifice we made to be successful, we will enjoy the results
as there is no limit of profit you can make here in crypto.

[gilangIDR]

I agree that these three are important. However, we also need time to make things possible. We should consider our availability to do trading. We should manage our time appropriately to set things well. A smart trader knows how to balance everything.

Time management is necessary, trading will definitely make you rich if you are smart and knows how to manage your time.
You have time for trading and outside trading because life is not only about trading alone, the money you earn should be spent for you to enjoy
and you need time to do it.

Plenty of things we have to learn to be a successful trader, but once we are in, the sacrifice we made to be successful, we will enjoy the results
as there is no limit of profit you can make here in crypto.

There are so many things that will determine whether we will become successful traders or not. To become a successful Trader we need a lot of things to learn, our ability to analyze, make decisions, time management in gaining momentum and how our emotional patience is in making final decisions.

[LUCKMCFLY]

I think that in addition to everything previously mentioned in OP, it is necessary to emphasize that the important thing in the trade is to understand it, to know how to read the Volume, to know and to be planning the Strong Hands, to know how to read the Order Book.

In my case I analyze the market based on Wyckoff's philosophy, and I also use some thoughts of Jesse Livermore, which have been great speculators of the market of all times, because the crypto market, can be similar to the Stock Market, where the market crypto volatility is what differentiates the Stock Market, of course, the Stock Market movements are much more market capitalization and movements are slower. But in general terms it is best to learn to understand the market so that our capital increases and does not have large losses.

[akram143]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

yes I agree these three statement because each and every trader should follow this type of things only he can make his trading journey more peacefully with lots of income otherwise in somewhere you will stuck and your development was reduced that's why following this statement is important.

[BlackPanda]

I think that in addition to everything previously mentioned in OP, it is necessary to emphasize that the important thing in the trade is to understand it, to know how to read the Volume, to know and to be planning the Strong Hands, to know how to read the Order Book.

In my case I analyze the market based on Wyckoff's philosophy, and I also use some thoughts of Jesse Livermore, which have been great speculators of the market of all times, because the crypto market, can be similar to the Stock Market, where the market crypto volatility is what differentiates the Stock Market, of course, the Stock Market movements are much more market capitalization and movements are slower. But in general terms it is best to learn to understand the market so that our capital increases and does not have large losses.

Learning a variety of trading strategies is indeed an added value, because then a trader will be far more prepared to face various situations.
I always see this situation as a challenge, yes it's true that paying attention to the market properly is a must.
If a trader cannot analyze and pay attention to the market well then he will be close to failure.

[BlueStackz]

Greed is also important in trade.  Many people have lost good sum of money from trading reason because of greed. they tends to over wait for profit even after meeting their target which is not good for trade

But, you just said greed is important in trade and if greed is that important, then those people you talked about should not have lost good sum of money from trading, if they lost money and did not take their investment when they ought to have taken it, then it absolute greed that just destroyed them.

We just need to be flexible, and not too rigid about a profit, even if we had set our trade so high to take profit, we need to listen to TA and FA more and not our instinct which instinct has never help anyone survive trading, if we aim at little profit, it is better that the big profit catches us by surprise than aiming at big profit and end up disappointing us.

[Dark Ripper]

One of the essentials of being a trader is you must equip of knowledge and strength that may used if your opponent trader ask something about your coin or token, you must know what to answer and that would must a fact and not only based on someone you hear, it must legit or real. You must also equip of emotions in which you must hid your emotions so that the trader will not know what you need what you are trading your coin or token.

[Dark Ripper]

One of the essentials of being a trader is you must equip of knowledge and strength that may used if your opponent trader ask something about your coin or token, you must know what to answer and that would must a fact and not only based on someone you hear, it must legit or real. You must also equip of emotions in which you must hid your emotions so that the trader will not know what you need what you are trading your coin or token.

Yes you need those things in order to survive in the trading world because if you did not know those strategies you will not survive here in trading. Another tip for those who are beginners and newbie here in trading you must know those strategies and different tips from senior by just asking them or creating a topic in this forum to gain extra knowledge in how to trade very well.

Yes those advice from yours truly senior so that you may avoid scam, but being scam is a part of trading. Remember that no one became professional without any failure so you must do bad in order to realize what is right. Just like in exchanging and trading you can scam so that you may know what they are doing to find a victim, in Dabrb you can exchange and trade you may apply those tips that we've taught to you in darb so that you may try how to trade and exchange, and also you can gain experience by doing that.

[futile-resistance]

Experience is the mother of knowledge. Start with an amount that you can afford to lose and practice real trading, as the time passes you would gain experience and that would be very useful in future trading.

That statement describes the concept in a best way.
I believe that experience also comes with age. The more you stay in the market and learn, the more you gain experience.

Besides, what I think is investors and traders should look for is the down cost of investment. If you want to be a trader in days to come, invest now only if the cost of investment is down. This makes you a best trader because you have the ability to plan things from the start.

[Pamadar]

Experience is the mother of knowledge. Start with an amount that you can afford to lose and practice real trading, as the time passes you would gain experience and that would be very useful in future trading.

That statement describes the concept in a best way.
I believe that experience also comes with age. The more you stay in the market and learn, the more you gain experience.

Besides, what I think is investors and traders should look for is the down cost of investment. If you want to be a trader in days to come, invest now only if the cost of investment is down. This makes you a best trader because you have the ability to plan things from the start.

Maturity brings enough courage to continue your stay, surviving inside trading activities is really a difficult job, before you became successful , you need to continuously learned from what the market behaves finding ways to anticipate and make a good call to earned from this industry.

[GreatArkansas]

I believe that experience also comes with age. The more you stay in the market and learn, the more you gain experience.

Trading is measured on how long you gonna stay. I know a lof of people who started to trade and left trading because of the market, like in the bear season, they don't feel to trade or they keep losing. I believe that experience is the best thing to learn, even how tough trading is, you can still gain knowledge on it.

[thinkright]

The most important thing is acquiring the necessary skills eveb if you not making a dime. I currently don't have enough cash to trade for huge returns however, it's encourages me because i get to learn something new in trading.

[matchi2011]

The most important thing is acquiring the necessary skills eveb if you not making a dime. I currently don't have enough cash to trade for huge returns however, it's encourages me because i get to learn something new in trading.

Wow, that's nice, since eventually when you already have enough funds then you may apply all those learning that you acquired while observing how things is moving around, a trader who have a good discipline will always find good things for his favor, right now practice and master the patterned that
you'll going to use for future trade position.

[wumBowo]

even though i know some of the 'rules' to become a decent trader, it's still hard for me to implement on my own belong trades.
So, despite i got some profit i usually got more losses too. and it's really stressed me out

[Aivaryamal]

I agree with the recommendations of the author of this topic, because trading if we consider it as an additional source of income should be designed for the long term and then the profit will not be long in coming

[bonker]

I believe that experience also comes with age. The more you stay in the market and learn, the more you gain experience.

Trading is measured on how long you gonna stay. I know a lof of people who started to trade and left trading because of the market, like in the bear season, they don't feel to trade or they keep losing. I believe that experience is the best thing to learn, even how tough trading is, you can still gain knowledge on it.

You can make profits as well in the bear market as well for that you need to be a day trader,it is quite risky but enough to take that risk when the rewards are high.We can make upto 3% without much effort by day trading but lot of analytical skills needed.

[meliodas]

One of the essential for traders is they should have a lot of patience both in trading and also in learning because it is a must for traders since it is the basic foundation to have a successful trade. If you are an impatient person then you more likely to fail because of greediness, so having patience is one of the essential for traders and once you have it then you are limitless.

[OrangeSeller]

Learning a variety of trading strategies is indeed an added value, because then a trader will be far more prepared to face various situations.
I always see this situation as a challenge, yes it's true that paying attention to the market properly is a must.
If a trader cannot analyze and pay attention to the market well then he will be close to failure.

Not only in trading, rather in every walk of life learning is necessary. Those who full stop themselves just because they think they have got enough knowledge are ultimately squeezed. Traders should show flexibility and knowledge love and only such factors would lead them to targets set. However, knowledge of market and price trends should also be covered in their learning phase for better results.

[richminded]

Learning a variety of trading strategies is indeed an added value, because then a trader will be far more prepared to face various situations.
I always see this situation as a challenge, yes it's true that paying attention to the market properly is a must.
If a trader cannot analyze and pay attention to the market well then he will be close to failure.

Not only in trading, rather in every walk of life learning is necessary. Those who full stop themselves just because they think they have got enough knowledge are ultimately squeezed. Traders should show flexibility and knowledge love and only such factors would lead them to targets set. However, knowledge of market and price trends should also be covered in their learning phase for better results.

That’s the purpose of life, we have to learn in order for us to succeed or else we will failed. These essentials for trading are really good only if traders are serious with their money. Having small capital with a huge knowledge about trading is more important, it will also follows the patience that you need in this market so traders have this kit with you all the time.

[Mr_Akbar]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

In my opinion, the three most important things for a trader are:

Mindset - Trade based on logic, not emotion. Set rules for yourself. Build a strategy and stick to it.

Knowledge - If you want to trade, you can do one of two things: Either, stick your nose to the grindstone and research, sifting through all the useless or misleading info out there, or enroll in some kind of trading course. My personal recommendation is Voodoo Crypto, their education made me the trader I am today.

Tools - In crypto, the tools that exist publicly (and I say this lovingly) are built by nerds, for nerds. If you want to be successful trading, you need to use tools that are built by traders, for traders.

[Finestream]

Learning a variety of trading strategies is indeed an added value, because then a trader will be far more prepared to face various situations.
I always see this situation as a challenge, yes it's true that paying attention to the market properly is a must.
If a trader cannot analyze and pay attention to the market well then he will be close to failure.

Not only in trading, rather in every walk of life learning is necessary. Those who full stop themselves just because they think they have got enough knowledge are ultimately squeezed. Traders should show flexibility and knowledge love and only such factors would lead them to targets set. However, knowledge of market and price trends should also be covered in their learning phase for better results.

That’s the purpose of life, we have to learn in order for us to succeed or else we will failed. These essentials for trading are really good only if traders are serious with their money. Having small capital with a huge knowledge about trading is more important, it will also follows the patience that you need in this market so traders have this kit with you all the time.

Exactly.Traders will only be good traders if they know what they are doing in the first place.Even a small amount can make trading a successful one once a trader has a wide knowledge on crypto and has his own skills and strategies in trading that would definitely make him profitable.I'm sure patience will sure to follow because it's already an initiative of a trader not to use his emotions when trading.

[jrrsparkles]

One of the essential for traders is they should have a lot of patience both in trading and also in learning because it is a must for traders since it is the basic foundation to have a successful trade. If you are an impatient person then you more likely to fail because of greediness, so having patience is one of the essential for traders and once you have it then you are limitless.

Patience is more important to make the right decisions so one who is having more patience have better chance of making profits.But this alone can't make successful in long term for that we need to build of skills towards trading,keep reading the stories of others which can inspire you to be one of a professional trader.

[BuxCoin]

for successful trading we need everything patience , knowledge , managing trades , experience and upon all this we should know that overnight will not get rich and it takes time building capital , researching , investing  and after all this we will make profits   

[idham29]

I agree with the recommendations of the author of this topic, because trading if we consider it as an additional source of income should be designed for the long term and then the profit will not be long in coming

I suggest first exploring the coins to be traded because the characteristics of the coins are not the same. There are coins that are predicted to be good sales, it turns out to be bad. However, there is a normal coin, it turns out the trade is good.
Observing such trade should focus on a number of coins which are predicted to have a significant increase in the previous few days, which can be an indicator that in the future the price of coins tends to be in an uptrend.

[GreatArkansas]

I agree with the recommendations of the author of this topic, because trading if we consider it as an additional source of income should be designed for the long term and then the profit will not be long in coming

Growing our account healthy is positive, more likely preserving our capital by not doing risky trades without a plan. Let's say if one trader lasts on trading for a long period of time, do you know he/she lost huge money or earn huge profits?
It's really good to grow in trading even by small profits, gaining huge profits and risky a small amount of funds for every trade is the best!

[guoyu78]

earning and practice is much essential , if we want to be traders we should know what market conditions we are trading in and what are sentiments and lots of analysis

But, the most essential thing for any trader is to first have a deeper knowledge of what trading is, I mean deeper knowledge and not all those ones that will just learn trading within few month and they think that is all that is need, and we even have some people who are not fast leaner, they know they are not fast learner but wants to trade few months after little training.

If we can have deeper knowledge and not just basic, then we can use experience to start trading even if we don’t practice first, practice should have been part of our learning and when we start trading, we know we are starting as a semi guru. With being semi guru, then you would have already had the strategy needed to start making you earn instantly.