How to become a trader?

[speeder]

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.

Well your friends have right because it really can affect you when you lose a good amount of money, and it happened to me too and it's really hard to get over it, it takes time, but you really have to have a strong mind and think that anyway that money that you've lost, it will gather again.And you really can't predict accurate prices so yes even to professionals this can happen,but i think that the most important part of this thing is to be always informed and always watch the market.

[Dudeperfect]

The best to learn trading is actually gaining experience on the field. You can start with the lowest possible amount and do research about the market and understand the movement behaviour. There are two types of analysis and both of them has their own pros and cons. Yes, you should keep your emotions away while trading. Always remember the rules of Warren Buffet,

Rule no 1: Never lose your capital
Rule no 2: Never forget rule no 1

Thus learn from trial and error method and don't rely blindly on other's opinion.

[Visbay]

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.

Exactly don’t be emotional infect leave your emotions at your home once you go for trading, as it will rise and it will fall too but you will have to wait and never sell it, it is good to start with small and as you said it is good to get knowledge from your surrounding trader too as they will give you ideas about trading and take start from long time trading,. Then check the market and when it will be down try to trade some more, so this way as much as time will pass you will gain experience and you will become professional trader for sure.

[bizarro]

There is many sources to get knowledge, but only one source of getting practice, so go get some alts, or a little amount of btc and just try to start with that you have

[Vannie12]

I agree that emotions ruin everything when it come to money talk.

First thing you should do is study about cryptos.
Terminologies, everything that could be involved such as the coins, sites, market cap, values and how it works synchronously.
The ability to understand the world of cryptocurrency will give you way in becoming a good trader for you will have the knowledge, idea, and skills to move freely within the trading sites. You would know how long you will wait and you will be able to estimate time and value that you will be needing.

[lushlife]

Good day, read and study the following,
1. CandleStick Reading
2. Support and Resistance
3. Chart Formations, Patterns, Structures
4. Technical Indicators
Happy trading!

[Jericka D Ranillo]

I have only two things I know in trading a coin first picking a coin to trade which has a great news thay can pump the price or can called hype you need to buy before this massive buy happen. Second, find a coin which has a wide gap in the buy and sell order price. You so can get profit in an instant, note only coin has a volume in that day

[dsaijz03]

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.

Yes,your friend is true since the market prices are not stable and very very volatile that is why holding emotion helps you to think right than panic when market is falling and you see your cryptos dumping.

[tucoindb]

To become a successful trader, you learn how to persevere and be patient. You have to constantly explore and constantly learn to try to acquire the knowledge of the forefathers to share with us. If you do the above factors I believe you will succeed

[nik9990]

It is necessary to learn the technical analysis and in order to successfully trade it is necessary to continually monitor the news of the crypto

[siupang2]

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.

And you need a target for your trade, for example if you targeting gain 25% today and you got it, then you should stop. Stop thinking greedy and stop think that you have lot of luck. You should learn how to analyze and also always update with crypto news

[rafaelyarulin]

In order to become a trader one must have appropriate knowledge and skills. To create your own tactics, you must "feel"the market, study all the types of analysis. Trader should use fundamental analysis at first. And after that study the graphs using technical analysis.
Only such kind of knowledge could lead to total understanding of this sphere.

[JL421]

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 study candles but in starting you won't be able to understand I'll tell you what to do , first you see the 1 day charts and the changes occuring on a daily basis then check the 6 month graph to find out the highest point it has reached if it's higher than the current price buy iy or else wait

[sherwinaze]

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.

thats right in trading emotion is  your enemy so you need to control your emotion if you lose money in trading. so I suggest you to read everything to how to be professional in trading.

[GoodLuck2]

To become a good trader you need commitment to learn and have knowledge about trading and most importantly how much are you willing to risk just dont invest money you can't afford to lose. And a good strategy when to buy or sell and have and entry and exit plan in your investment.

This is very important to become a trader is to learned the basics so you will know how to start. Always understand the risks because without understanding it losing money will experience. Absolutely you have point don't invest on what we can't afford. Think and gain knowledge before trades for the better future.

One is how to become an experience less trader and another in experienced trader. An experience less trader earns little or loose money and an experienced trader can earn and double the money he invested in easily. This difference is on the bases of knowledge. If you want to become a good trader then learn enough knowledge about trading and if want to be a highly experienced trader then courses are available and you can enrich yourself with them.

[jack8989]

Becoming a trader isn't that hard because it depends on you gonna become a win trader or a lose trader also.
Of course noone want to lose right ? But become a winner isn't that easy if you want to be. Sometimes you need some lucks to make it happened also because skills isn't everything.

[jonatuzc]

If you're friend is already said the basic need in trading then explore it first.try to learn more strategy before you enter in trading.you always need the guidance of you're friend much more better than asking here.maybe a little bit help here in trading sites discussion.

Basically when a person goes in a new place, he is confused and conscious about everything. So for ease and getting normal, some technical papers and information are given to him so that he can easily adjust himself according to environment. Same is the condition here with all those who are newbies and came in trading, they must learn basic knowledge about bitcoins and then start trading.

[lablab03]

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.

not only emotion pal,  you must learn also how you can prevent such factors when it comes to trading 'cause being trader is not a easy . which is you should have enough knowledge and skills about it and you must have a lot of patience 'cause market is so volatile and unpredictable

[trako]

be knowledgeable first. to analyze the markets well. follow the finance agenda. These are things that are primarily needed. then it is necessary to manage the capital well. Taking huge risks can increase profits, but I think that is not a good method. If you divide the capital, you can make more profit.

[angec0719]

There are many kinds of trading methods. Knowledge is the number one key if you want to trade.Trading is not that difficult but you can earn more money from that job. You better have more patience to do the trade and there is some risks you have to take.its takes time and effort but you should have the perfect timing to that job.