How to be A Good Trader? [new]

[henmark]

Out of those 322 activities and you still don't know the basic ropes of trading? While I do not blame you for that and I won't bother myself looking for the reason why. To start up trading learn the majority of the definitions in trading. Not for the physical trading but obviously it would be crypto trading. Investopedia can help you with that. Youtube can also help but you might get misled at some information out there because some tutorials were meant for a specific exchange and you wouldn't want to have some confusion out of that. Learn the trading signals and tools. What is RSI and BB? How can they help establish your strategy?

It is not actually by activity and not everyone actually pay attention to certain things as I have seen even legendries say somethings some times that I almost get to worry if they have actually been paying attention to anything at all over the years they have been in this community.

It takes interest and the zeal to learn however, when it comes to trading and probably he is just getting to acquire that zeal as the case may be. The most important thing for him is to learn and make sure he get to practice a lot before even beginning to think about it at all. There is so much to trading in complexity that if you take things with levity, you will always have yourself to blame for it.

[pinkpanther03]

I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.

Never stop learning that's the first thing you need to do, be an empty always. Always starts in the basic manner in trading. Be observer for every traders who made trade in the exchange platform. Then, most importantly is as a traders you must supposed to have a capital to buy any coins in the platform.

[Fideend]

I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.

I think the best way to start trading is to try gather as many info on other traders as it gets. If you can put all of that data into one place you can watch them and see how they do, now if you follow over 30-40 traders daily and keep the data on how they do than you can find which one of those people are actually good traders and which one are bad.

Now after you found who is a great trader you can contact with 2-3 of them (more if you find more) and than ask them what is the method they use to make these kinds of money and unless they are making money from selling them they will love to talk about how great they are, that way you can learn from the best you found personally.

[TheGreatPython]

I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.

First you need to have knowledge of this market and put a small amount of money to practice trading. I personally advise you to choose big exchanges as it will help you in trading easier and learn from the experts so they can help you get the best experience before becoming a real trader.

Being a good trader requires a whole lot of discipline and dedication. Dedication to learn and keep learning as much as possible is something that every wannabe trader should always imbibe as you obviously cannot have it better in the long run than taking that step to learn actually.

Also, with trading, it is necessary to take the idea of making money immediately from your head first and try as much as possible to focus on learning and practicing until you know you are ready for the real trading world. The mindset of wanting to get rich quick from trading has affected so many traders into rushing in and rushing out at the end.

[A.H.Rassel]

I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.

Traders need to focus on learning more each day.it is important to remember that understanding the markets, and all of their intricacies. Learning to trade keep study about trading and follow the market.

[Rohtox]

I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.

Here are my tips for you:

1. Learn what is blockchain and how it works.
2. Study the law of supply and demand.
3. Read some articles about when to buy and sell.
4. Before buyinf a certain coin, make sure that you know about their whipaper, developers and roadmap.
5. Follow successful traders on crypto market.
6. Read a lot on this forum

good tips.
there are lots of articles about bitcoin on google and you can also learn a lot about graph analysis on youtube there are lots of videos about it.
one tip from me if you want to trade don't panic it's bad and make you lose

[beezunus]

I think, to be a good trader you have to read and practice a lot so that you will have a lot of experience and will learn how to be a good trader so you can get profit

[Yatsan]

I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.

If you want to be a great trader you must be able to experience all the failures and mistakes. Being good at trading is not instant, it requires time, patience and knowledge to become. I don't want to say im a good trader but i don't lose huge amount of money anymore. Learning is a process which can be gained in different platforms most preferably the internet that contains all of the information.Trading is risky, yes given that the market is fluctuating but once you get used to the wave of the market you can just ride it.

[jerry0]

Do almost all traders trade their altcoin to btc and then immediately to usdt?  That way they have usdt to buy more altcoins without worrying about price of btc?  Example you could buy altcoin and it double in price.  But let say btc went down.  Yes when you trade altcoin for btc, you get more btc than you started with.


But let say this.  You buy btc and trade it for altcoin.  Now let say altcoin drop 5 percent only.  Btc dropped 15 percent.  Now if you sell your altcoin, you lose profit.  But you are selling it for btc... but you are getting more btc than you started with because btc dropped more percentage than altcoin.


So which do you prefer here? 

[Itjoker]

I prefer to improve my skills on technical analysis though study classic methods of analysis. For example I like to read books of William Gann, Bradley Cowan and look through movies on youtube about using technical indicators.

[hridoyb]

I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.

Trading is not for everyone who didn't control the mind and try to rich man quickly.SO if you want to expert trader always try to analysis crypto market and bitcoin price because crypto trade depends on bitcoin and also follow some other valuable coin which project are success ico and as soon as listen on exchanger

[Daimon88]

Just get the basics first and get to familiarize yourself with some trading terms, the use of indicators, the use of candles and some form of technical analysis. The whole thing depends on the level at which you are ready to learn and for the good part of it, there are so many resources these days that you can always get from the net and that has made learning a whole lot easy for a lot of people who are enthusiastic about trading effectively. You also have to understand the market as well, and that is what would really help you when it comes to making market decisions whichever way.

[iamaruf]

read this forum trading thread.read some article and watch google.watch some youtube video.This will help you to gather more knowledge.Also you can enroll crypto trading course like udemy ( have some free courses)

[Reid]

Read more here. You already have all the instruments and opinions regarding trading if you read all types of experiences here in this forum.
You might want to get a good teacher too. Or someone who would look at all your errors and would never tell lie.

Youtube is also a great help. If you are thinking about less spending then you might want to seek looking for video tutorials first.
Social media specially twitter would be a good idea to keep you updated.

[wuvdoll]

Learn from many places and explore more knowledge about trading but besides all of it you have to do trading for yourself because knowledge will be useless if you not use it for real and in my view good traders is they can able to utilize almost all of situations to get decent profit but if they lost then they can forget it and moving forward without being frustrate

That is even the good thing about our world right now, as there is so much you can learn from the internet, if you actually have that urge to want to learn. Personally, I never went to any school to learn how to trade and everything that I learned, I did from the internet using investopedia as well as tradingstrategyguide website.

There is actually so much to learn when it comes to trading, but the best thing is to learn the basics, find a strategy, build on it from practice and then get good at what you want to do. That is always the best way to start a profession and over time as you keep doing well; you keep getting more experience and confidence to do things well.

[Question123]

If you want to become a good trader you must do that don'ts and do of being a trader, characteristics like being patient to become a successful. You can also watch videon youtubr and search to learn more about trading. Until now I did not see any books related to trading.

[jaaeeeyyyy]

First, you must have capital ready to lose. because there will be many mistakes when you learn by yourself. try to chart analysis. it's best to enter when prices fall, it might be -5% to -10% to make a profit. You can read articles on the internet about reading candles and graphics. and don't make big profits. 2% to 5% is good for beginners in trading.

Capital is a must of course because it is money risking, trading is money risking. You should have capital for trading, knowledge about trading and skills about trading, it is not simply buying, holding and selling a coin, it is more than just that because trading requires a logical thinking based on price charts and view on different perspective.

[batch2016]

Making money in the trading  market is not eassy. it not only requires patience and discipline but also a great deal of research,commitment and a sound understanding of the market among others.Though no cent percent formula for success in trading markets has yet been discovered,one can follow some set of rules to succeed in trading.

[Altcoins enthusiast]

I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.

You will get some free articles and e-book to learn how to trade bitcoin and others cryptocurrencies successfully.  Trading is however a skillfull venture and investing is a very risky venture and you should not go into it without adequate knowledge of how to trade.

[chamika888]

It would be unsuprising to see a good trader actively try to avoid viewing or subscribing to another's analysis. Not out of arrogance but because being only human, eliminating herd mentality becomes a paramount condition. A good trader quits relying on others but rather, relies only on self generated analysis because, when it comes to Technical Analysis, self reliance is mandatory, so going solo is a must.