How to become a trader?

[Aprilperez1]

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

[1714942085]

1714942085

[1714942085]

1714942085

[1714942085]

1714942085

[mk4]

How to be a trader:
1. Buy some btc, via sites like Coinbase[1], Gemini[2], etc depending on your country
2. Send over the BTC to exchanges like Binance[3] and Bitfinex[4]
3. Pick your trading pair(BTC/ETH, BTC/SC, BTC/COSS, etc etc)
4. Trade

Now the actual hard part is how to be a good trader. How do you learn the basics? Read. Hit up Google. There are lots of good free information out there.

[1] https://coinbase.com/
[2] https://gemini.com/
[3] https://binance.com/
[4] https://bitfinex.com/

[Dwarf42]

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

You can see that the market is volatile and complex, so becoming a trader and being able to trade successfully takes a lot of time and money. You need to learn a lot of things and also have to spend a large amount of capital to be able to experience the reality and give the experience and lessons for yourself. The market is volatile and difficult to predict so you need to have a clear and concrete plan before investing.

[nara1892]

You have to buy btc first, then send to exchange that you'll trading. Next, you learn way of chart analysis, read a news more and discuss in this forum in order to get the information entirely.

[Bardman]

How to be a trader:
1. Buy some btc, via sites like Coinbase[1], Gemini[2], etc depending on your country
2. Send over the BTC to exchanges like Binance[3] and Bitfinex[4]
3. Pick your trading pair(BTC/ETH, BTC/SC, BTC/COSS, etc etc)
4. Trade

Now the actual hard part is how to be a good trader. How do you learn the basics? Read. Hit up Google. There are lots of good free information out there.

[1] https://coinbase.com/
[2] https://gemini.com/
[3] https://binance.com/
[4] https://bitfinex.com/

No. That's not what he needs. OP you need to learn technical analysis. https://www.investopedia.com/terms/t/technicalanalysis.asp

Yes, you do need to remove your emotions as much as possible and make trades based only on your own strategy. There are plenty of good youtube channels about it. I personally follow this one the most: https://www.youtube.com/channel/UCnqZ2hx679DqRi6khRUNw2g  Very insightful technical analysis.

[Sony.UK]

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

If you want to start trading know it is little risk because current scenario. Because we don't predict the exact possibilities so better you should invest in long term. But if you need to try this platform you should choose carefully because you must read the white paper and chart of the coin. Then only we should find the best coin in trading.

[andrew1carlssin]

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

I don't think it is possible to remove emotion from your trading system ... maybe a better way is to understand the psychology of the market and why not your own mind state while trading ...  

the way I do ...is the following ..
Try to understand the major technical analysis technics, technical analysis is a poll taken and I always keep in my mind that read the charts is just my interpretation of that poll
Saying that I always also keep in my mind fundamental analysis information in order to spot the trend and I use some tools like "social network sentiment analysis"

such as ..

sentiment viz Tweet Sentiment Visualization
https://www.csc2.ncsu.edu/faculty/healey/tweet_viz/tweet_app/

it is not that precise since the measurement take on account that it is real people talking about their real sentiment and there is no tweeter botnet pushers ;-)      

[supermine]

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

There are different kinds of trading methods available in crypto currency for example you can buy bitcoin and trade it for an altcoin in an exchange or you can buy bitcoin and sell it for fiat and so on.Simply a trader means knows how to buy and sell the crypto currencies on exchange but the important thing is you need to know that how to make profits from trading crypto currency.

[BitcoinHodler]

How to be a trader:
1. Buy some btc, via sites like Coinbase[1], Gemini[2], etc depending on your country
2. Send over the BTC to exchanges like Binance[3] and Bitfinex[4]
3. Pick your trading pair(BTC/ETH, BTC/SC, BTC/COSS, etc etc)
4. Trade

Now the actual hard part is how to be a good trader. How do you learn the basics? Read. Hit up Google. There are lots of good free information out there.

[1] https://coinbase.com/
[2] https://gemini.com/
[3] https://binance.com/
[4] https://bitfinex.com/

No. That's not what he needs. OP you need to learn technical analysis. https://www.investopedia.com/terms/t/technicalanalysis.asp

learning technical analysis is good and it will be useful down the line and in case he wanted to trade other things such as stocks too. but it won't work in cryptocurrencies most of all in altcoins because of the manipulations.
so it is best not to put so much effort into it!

[Dart18]

Thanks for that.
Correct, the hard part is how to be a good trader. Actually make it a better trader.
Your emotions should not be included with every decision that you will make.
You always need to be wise and think like a businessman. A little profit shoulf do good. Learn how to escape just right before a bear comes.
Hard to predict the market so better take the safe road.

[Bardman]

How to be a trader:
1. Buy some btc, via sites like Coinbase[1], Gemini[2], etc depending on your country
2. Send over the BTC to exchanges like Binance[3] and Bitfinex[4]
3. Pick your trading pair(BTC/ETH, BTC/SC, BTC/COSS, etc etc)
4. Trade

Now the actual hard part is how to be a good trader. How do you learn the basics? Read. Hit up Google. There are lots of good free information out there.

[1] https://coinbase.com/
[2] https://gemini.com/
[3] https://binance.com/
[4] https://bitfinex.com/

No. That's not what he needs. OP you need to learn technical analysis. https://www.investopedia.com/terms/t/technicalanalysis.asp

learning technical analysis is good and it will be useful down the line and in case he wanted to trade other things such as stocks too. but it won't work in cryptocurrencies most of all in altcoins because of the manipulations.
so it is best not to put so much effort into it!

Then it is best not to trade at all. I have been using TA for cryptos and it works, not an easy task but it definitely works. Every market is manipulated, saying cryptos are too is not saying much plus people really like to exaggerate on that.

[ylnar123]

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

I agree with the thought your friend teach you. Emotions is the first aspect you should consider when you want to become a trader because the prices of cyptocurrency varies every minute which erritates the trader. Another is to studey the basics of trading which is to buy low and sell high.remembering all of those your friend taught you makes you become a good trader someday.

[haroldtee]

It is good your friends actually told you to rule out every form of emotion which is very important. The thing is that, this is a very complex and volatile market, and even if you have some knowledge of how to use indicators or how to trade candles, you also have to know what to do when things are not going right.

Knowledge is key if you want to trade, and once you are dedicated to learning and you can grab fast, you will be able to start making good decisions in any market. Also, do not just learn how to trade candles, you should learn all that is necessary, most especially the use of indicators and how to do some chart analysis, so that you can always have an added advantage most of the time. Here are some websites that can help you to learn.

https://tradingstrategyguides.com/blog/
https://www.investorsunderground.com/stock-charts/

Once you learn, start practicing with little funds, until you gain some confidence and then you can decide to go in big, but ensure you give yourself enough time to learn, no matter how long it takes you to be perfect. If you end up rushing, you will find out you will end up taking those months you could have used to be perfect to lose so much till you get frustrated.

[billbear]

I would start from a little amounts to see, how things work on a market and thy to go into details of process. Then maybe grow the traded funds and grow again.

[JimmieA]

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

if i'm not wrong ,The same topics seems to have appeared many times and I regret to repeat that " to become a trader is not difficult but  you can make money from that job is not  simple". As your friends say, the feeling when you make a  investment is the most important thing, sometimes it affects your trading results. Sure that when you spend amount of money to invest in any crypto, anxiety is unavoidable, but the important thing for you to succeed is not to be influenced by emotion and your mind is what will lead you on the right path.

[Bardman]

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

if i'm not wrong ,The same topics seems to have appeared many times and I regret to repeat that " to become a trader is not difficult but  you can make money from that job is not  simple". As your friends say, the feeling when you make a  investment is the most important thing, sometimes it affects your trading results. Sure that when you spend amount of money to invest in any crypto, anxiety is unavoidable, but the important thing for you to succeed is not to be influenced by emotion and your mind is what will lead you on the right path.

The best way to get rid of emotion when you start is using a small amount of money that you truly do not need. If you have 10k invested in crypto, start trading with 1k, set your stop losses to a maximum of 2-3% loss. You will lose money at first, it always happens, that's why you need a very small amount and whatever you do, always set a stop loss no matter what.

[Rose119]

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

Of what you say I see that your friends doing well in the trading field, it's true you need to remove your emotions, because if you doing trading and you have that emotion is the big enemy of a trader.

[Tomik21]

This is not the first such thread on the forum. Almost all of them do not contain any useful information for beginners. You cannot become a successful trader at all, you need a narrow specialization. First you need to decide. what you want or what you can trade. It depends on capital, free time, knowledge and many other things.

[thunderbitz2717]

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

There are several ways to become a trader, we have google search, you tube about the actual trading tutorial here is one of the link I can give to you pal https://bitcointalk.org/index.php?topic=1669392.0 good luck then.

[ymirymir]

Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.

As you begin with trading, there are still things that you should learn. You must be eager to adopt changes and gain knowledge about it. Better try to have more patience as you do trading because there might some risks that you have to take. It may take a lot of your time and effort but you should have the eagerness to learn more and wait for the perfect timing.