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Fire316
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May 05, 2018, 01:11:39 AM
 #1

   To earn bitcoins or altcoins for a short period of time,we do trading. Even we know it is risky we did it sometimes even without enough knowledge about it
     Here are some tips i discovered and i hope it could helps even a little.
    The most successful traders have a carefully crafted trading system to maximize their odds of success.
Here's how to become a successful trader...

1.Always Use A Trading Plan
    A trading plan is a written set of rules that specifies a traders entry,exit and money management criteria. It is your guide.

2.Treat Trading Like A Business
   In order to be a successful trader,you must approach trading as a full or part time business and not just a hobby or a job. It is need your time and real commitment and strategy to maximize your business potential. Because trading is a business and incurs expenses,losses,taxes,uncertainty,stress,and risks. This is not a hobby that everything is alrigth even you loss.

3.Use  Technology To Your Advantage
    Trading is a competitive business and one can assure the person sitting on the other side of a trade is taking full advantage of technology. Always be updated about the market and monitor trades everywhere. You need also a high speed internet connection for a great trading performance.

4.Protect Your Trading Capital
   All traders have losing trades,that is a part of business but protecting capitals entails not taking any unnecessary risks and doing everything you can preserve your trading business.

5.Become Student Of The Market
   Think of it as continuing education because trader need to remain focused on learning more each day.

6.Risk Only What You Can Afford To Lose
   You should put only the money not intended for other expenses like a budget for tuition,foods,health medication,etc...Also never borrow money for you to use in trading. Trading is risky and always be prepared to lose all the money allocated to a trading account.

7.Develop A Trading Methology Based On Facts
   Taking the time to develop a sound trading methology is worth the effect. The fact should be the inspiration behind developing a trading plan and not base on emotions or hope. Always do research and study even a small amount of time.

8.Always Use A Stop Loss
   A stop loss is a predetermined amount of risk that a trader is willing to accept with each trade. It will help to limit our losses and risk.

9.Know When To Stop Trading
   Trading sometimes are addictive but we should know when to stop trading. If we know that our trading plan is ineffective or unsuccessful ,it is the problem we need to be solved before continuing our trading. If a trader also is ineffective which is unable to follow his/her trading plan because of any difficulties and challenges he/she need to overcome it before trader can resume.

10.Keep Trading In Perspective
     Setting realistic goals is an essential part of keeping trading on perspective. It is important to sta focused on the big picture when trading.

     Trading is a hardwork and traders who have the Discipline and Patience to follow their rules can increase their odds of success in every competitive arena. The most important is you learned on what you are doing.
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May 05, 2018, 02:06:04 AM
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10 points for success full trading instruction., it is good

1. explain your trading plan // it is use full for others., ans we ask reading this thread people also can share your particular plan.,assumsions

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May 05, 2018, 04:54:29 AM
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   To earn bitcoins or altcoin for a short period of time,we do trading. Even we know it is risky we di it sometimes even without enough knowledge about it.
   Here are some tips i discovered and i hope it could helps even a little.
    The most successful traders have a carefully crafted trading system to maximize their odds of success. Here's how to become a successfull trader...
1.Always Use A Trading Plan
    A trading plan is a written set of rules that specifies a traders entry,exit and money management criteria. It is your guide.
2.Treat Trading Like A Business
   In order to be a successful trader,you must approach trading as a full or partvtime business and not just a hobby or a job. It is need your time and real commitment and strategy to maximize your business potential. Because trading is a business and incurs expenses,losses,taxes,uncertainty,stress,and risks. This is not a hobby that everything is alrigth even you loss.
3.Use  Technology To Your Advantage
    Trading is a competitive business and one can assure the person sitting on the other side of a trade is taking full advantage of technology. Always be updated about the market and monitor trades everywhere. You need also a high speed internet connection for a great trading performance.
4.Protect Your Trading Capital
   All traders have losing trades,that is a part of business but protecting capitals entails not taking any unnecessary risks and doing everything you can preserve your trading business.
5.Become Student Of The Market
   Think of it as continuing education because trader need to remain focused on learning more each day.
6.Risk Only What You Can Afford To Lose
   You should put only the money not intended for other expenses like a budget for tuition,foods,health medication,etc...Also never borrow money for you to use in trading. Trading is risky and always be prepared to lose all the money allocated to a trading account.
7.Develop A Trading Methology Based On Facts
   Taking the time to develop a sound trading methology is worth the effect. The fact should be the inspiration behind developing a trading plan and not base on emotions or hope. Always do research and study even a small amount of time.
8.Always Use A Stop Loss
   A stop loss is a predetermined amount of risk that a trader is willing to accept with each trade. It will help to limit our losses and risk.
9.Know When To Stop Trading
   Trading sometimes are addictive but we should know when to stop trading. If we know that our trading plan is ineffective or unsuccessful ,it is the problem we need to be solved before continuing our trading. If a trader also is ineffective which is unable to follow his/her trading plan because of any difficulties and challenges he/she need to overcome it before trader can resume.
10.Keep Trading In Perspective
     Setting realistic goals is an essential part of keeping trading on perspective. It is important to sta focused on the big picture when trading.

     Trading is a hardwork and traders who have the Discipline and Patience to follow their rules can increase their odds of success in every competitive arena. The most important is you learned on what you are doing.
Well these are the basic strategies or knowledge that everyone need to follow while trading but you also need to improve your trading skills.At first there is nor written rules in trading and you can't just stick with the same rules,because the market changes too often so you also need to change your mindset according to it.

@OP please edit it with some bold letters for the headings and leave the appropriate spaces after each point because now it is harder for us to read your thread.

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Fire316
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May 05, 2018, 01:39:01 PM
 #4

   To earn bitcoins or altcoin for a short period of time,we do trading. Even we know it is risky we di it sometimes even without enough knowledge about it.
   Here are some tips i discovered and i hope it could helps even a little.
    The most successful traders have a carefully crafted trading system to maximize their odds of success. Here's how to become a successfull trader...
1.Always Use A Trading Plan
    A trading plan is a written set of rules that specifies a traders entry,exit and money management criteria. It is your guide.
2.Treat Trading Like A Business
   In order to be a successful trader,you must approach trading as a full or partvtime business and not just a hobby or a job. It is need your time and real commitment and strategy to maximize your business potential. Because trading is a business and incurs expenses,losses,taxes,uncertainty,stress,and risks. This is not a hobby that everything is alrigth even you loss.
3.Use  Technology To Your Advantage
    Trading is a competitive business and one can assure the person sitting on the other side of a trade is taking full advantage of technology. Always be updated about the market and monitor trades everywhere. You need also a high speed internet connection for a great trading performance.
4.Protect Your Trading Capital
   All traders have losing trades,that is a part of business but protecting capitals entails not taking any unnecessary risks and doing everything you can preserve your trading business.
5.Become Student Of The Market
   Think of it as continuing education because trader need to remain focused on learning more each day.
6.Risk Only What You Can Afford To Lose
   You should put only the money not intended for other expenses like a budget for tuition,foods,health medication,etc...Also never borrow money for you to use in trading. Trading is risky and always be prepared to lose all the money allocated to a trading account.
7.Develop A Trading Methology Based On Facts
   Taking the time to develop a sound trading methology is worth the effect. The fact should be the inspiration behind developing a trading plan and not base on emotions or hope. Always do research and study even a small amount of time.
8.Always Use A Stop Loss
   A stop loss is a predetermined amount of risk that a trader is willing to accept with each trade. It will help to limit our losses and risk.
9.Know When To Stop Trading
   Trading sometimes are addictive but we should know when to stop trading. If we know that our trading plan is ineffective or unsuccessful ,it is the problem we need to be solved before continuing our trading. If a trader also is ineffective which is unable to follow his/her trading plan because of any difficulties and challenges he/she need to overcome it before trader can resume.
10.Keep Trading In Perspective
     Setting realistic goals is an essential part of keeping trading on perspective. It is important to sta focused on the big picture when trading.

     Trading is a hardwork and traders who have the Discipline and Patience to follow their rules can increase their odds of success in every competitive arena. The most important is you learned on what you are doing.
Well these are the basic strategies or knowledge that everyone need to follow while trading but you also need to improve your trading skills.At first there is nor written rules in trading and you can't just stick with the same rules,because the market changes too often so you also need to change your mindset according to it.

@OP please edit it with some bold letters for the headings and leave the appropriate spaces after each point because now it is harder for us to read your thread.

     Thank you for some corrections. I highly appreciated!
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