How to be A Good Trader? [new]

[Lpim01]

The key is to Have proper risk management. Common mistakes that a lot of traders are doing is to simply go "all in" like they are playing poker. Do not use more than 5-10% for each position so you will not get rekt at your first trade. Don't risk 30% to earn 5%.

yes really good point because we don't know how the risk will effective if you manage the risk into you are good way then your next move will easily solved and risk management only gives the profit also that's why I am saying this your profit is definitely possible.

If you'll doing good in your trades, you'll probably be having profits of its high percentage but also depends on what coins we use to trade for.
Obviously, traders get fails because of the wrong choice of coins. This is very important to know also our limitations and surpassing our limitation will bring us into high risk of losing.
If you have passion, hardworking person and have a technical knowledge base in crypto will bring us into becoming a good trader in the future.

[xSkylarx]

The key is to Have proper risk management. Common mistakes that a lot of traders are doing is to simply go "all in" like they are playing poker. Do not use more than 5-10% for each position so you will not get rekt at your first trade. Don't risk 30% to earn 5%.

It's because those traders think about their profit first than the risks it have. They tend to all in hoping a positive result and when they get rekt they already lose all their capital. They don't know how to recover it because of their greediness. They will just hodl it until their capital is 25% to the actual amount they started.

[Aivaryamal]

For those six months that I already trade, I realized that it is necessary to study each cryptocurrency separately, to monitor the change in price, because each has its own characteristics and this will allow you to earn more consistently!

[Timmzzy]

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 I most say learning online and with articles is also welcome but having a one on one lecture will give you more mind set to understand the market fully but,  having a one on one trading lecture is really not easy but I believe technology has made it simple just like we have YOUTUBE this will also help out and also following up PROFESSIONAL traders who understands the market at 80% to 90%.

[Timmzzy]

The key is to Have proper risk management. Common mistakes that a lot of traders are doing is to simply go "all in" like they are playing poker. Do not use more than 5-10% for each position so you will not get rekt at your first trade. Don't risk 30% to earn 5%.

Nice one there definitely, having a good risk management is a good start to count out loss and also having it at the back of your mind that every business in one's life has risks.

[Victorycoin]

The key is to Have proper risk management. Common mistakes that a lot of traders are doing is to simply go "all in" like they are playing poker. Do not use more than 5-10% for each position so you will not get rekt at your first trade. Don't risk 30% to earn 5%.

If you take risk 30% to earn 5% that still can be possible to make profit but in this case you might have to wait a long time to reach your destination because once it goes below 30% if it losses it price then it may take long time to recover 30% and make profit 5%.

[LUCKMCFLY]

You know it's best to read first, read a lot about the best speculators, what you should do is the following:

1.-Go to the Internet search engine so you can search for the best speculators in the Stock Market.

2.-Download books that are written by them or by authors who are or who have talked about them and their strategies.

3.- Try to learn from the strategies in all the ways that they speculated in the market, taking into account all the positions they took, learn from their failures and successes.

4.-Do not create in Influencers or technical analysis, because you will save yourself from losing a lot of money.

5.- When you create your own criteria you will be able to identify which influencers, which academies you know are a total sale of smoke.

6.- You can not be cheated ever.

7 .- Do not pay much attention to the news, many are manipulated on purpose apra panic or feelings of great emotions.

[Victorycoin]

7 .- Do not pay much attention to the news, many are manipulated on purpose apra panic or feelings of great emotions.

But maximum time news affects market positively and negatively so we should give concentration on news too but before that we should analyse the news from where it has come,what is the source of news etc.

[Noilee]

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.

If you become a good trader you should have skills and using the wise strategy. Dont put immediately a high amount, just see first if what be the outcome. Maybe you should know first some more idea regarding about in trading.

[Rufsilf]

Firstly, you can learn from many sources, it can be articles, internet, or even tutorial on youtube. Enrich yourself with many ideas of how to trade safely, since it has risk. If you fail, that's the risk but when you do, it's your bonus. Even that so, don't hesitate to try, start with a little amount to see how it works, if you can see and learn from the situation you can take another step, a bigger one to get more profit of course.

I agree, a lot of articles, videos, tutorials and some other sources that you can choose from and you can try them to check as well what works for you. Basic rule is know what trading is, how it works, study the market - in trading you have to study all the aspects or things about trading for you to be able to provide right decisions. I would suggest you can try trading on free trading flatforms just to practice and for you to get a glimpse of how trading works. To be a good trader cannot be achieved right away, you have to go through hard times to learn and be successful, it’s okay to fail just don’t give up easily.

[logicgate]

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.

If you become a good trader you should have skills and using the wise strategy. Dont put immediately a high amount, just see first if what be the outcome. Maybe you should know first some more idea regarding about in trading.

  Better believe it good trader should build their skills and attempt to find out increasingly more about trading in light of the fact that when a trader become very much aware of all adjustments in the market, all high points and low points of the market so then nobody can out him down in field of trading, so increasing knowledge and skills is our key to become a good trader in market.

[Hereforluck]

i'm also new in trading just learning  and doing very well hope you also do good wish you very good luck

[Hypnosis00]

i'm also new in trading just learning  and doing very well hope you also do good wish you very good luck

Yeah, a very good luck to everyone and hope you've learn something in here.
To become a trader it is not just hard to think and absolutely not if we are interested to learn. We can make it right things in trading and not just of all mistakes. Its a learning process and never get surprise that one day we can experience losses as a part of being a trader and from that we've learn something.

[TopT3ns]

i'm also new in trading just learning  and doing very well hope you also do good wish you very good luck

Yeah, a very good luck to everyone and hope you've learn something in here.
To become a trader it is not just hard to think and absolutely not if we are interested to learn. We can make it right things in trading and not just of all mistakes. Its a learning process and never get surprise that one day we can experience losses as a part of being a trader and from that we've learn something.

As long we can take it seriously to learn and not really underestimate trading, we can be good trader. Because from what i see, some people think trading is buy and sell only, and no technical analysis when they do it.

[Caladonian]

i'm also new in trading just learning  and doing very well hope you also do good wish you very good luck

Yeah, a very good luck to everyone and hope you've learn something in here.
To become a trader it is not just hard to think and absolutely not if we are interested to learn. We can make it right things in trading and not just of all mistakes. Its a learning process and never get surprise that one day we can experience losses as a part of being a trader and from that we've learn something.

It's a never ending process, while inside the trading business you need not to stop learning from  each market that you are following, you will be able to build different kinds of ideas, different kinds of patterns to followed and lots of skills which you needed the most while working for the benefits of your trade.

Trading is a long process, those who already have working system still trying to improve their knowledge and still working for the betterment of their skills.

[rose9696]

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 you should read some books related to financial and economic investment. It will help you gain basic knowledge of the economy and you will learn faster after a few times of practice. I have read a lot of books and it gave me a good foundation to start trying with my predictions.
Your initial strategy will encounter many failures but don't be discouraged, edit it until you are profitable. that's the fastest way I have ever learned.

[CryptoPowerL]

I have seen so many successful traders blogs. Read their articles as they began to trade. Many traders write on their blogs all the literature they read for study.

[logicgate]

No one will be able to be a good trader in a single day. It will take lots of time in order to get the full knowledge regarding the pros and cons of the Bitcoin trading market. The best way to trade Bitcoin in my experience is to have a good plan for your entry and exit points. You need to have a good strategy for your buy and sell positions and be disciplined enough to stick with your plan, this is often the most difficult part.
If you've invested lots of money in Bitcoin and it's price has dropped, the situation can appear to be pretty bleak; but being aware of a few things can avoid regrets later on:

Most altcoins tend to be tied to Bitcoin's price, so when Bitcoin crashes most altcoins will too. Some will crash further than Bitcoin percentage-wise and some won't. Look through some altcoins you believe in, and if they've crashed harder than Bitcoin, consider buying some of them with your Bitcoin. Although the fiat value of Bitcoin may be lower, you might be able to get a good deal on some altcoins. Also you have to wisely chose the best Cryptocurrency Exchange Software, so that you also lower the risk of being lose money at the time of exchanging your in-hand digital currency into any fiat currency you wished for.

Avoid buying any fiat-based items with your Bitcoin. For example reinvesting on cloud mining websites, buying items online, etc. As the fiat value of your Bitcoin is lower during a crash you you'll have less buying power, so the best bet is to either cash out if you can't risk further losses, or to 'HODL' until its value goes back up.

  We should use their knowledge, as there are so many expert traders we should make discussion with them and take tips, for being good trader we need fine skills and high level of knowledge. Good traders keep their level of patience so high and keeps their emotions down so their emotions cannot make them suffer, you will have to be determined enough to become good trader.

[jhonjhon]

You have to really study if you want to become a good trader, study how the market fluctuates, study some strategies others use that was proven to be effective and most importantly experience it yourself because through experience you can fully understand how it is really done, you can start by trading small amounts and test a couple of strategies and once you fully understand the market, how it works and what strategy is best then you can increase your investments. Also please note that it may be a long way to go or process so just be patient and don't be discouraged right away if ever you fail because all traders I believe failed too but they used it as a motivation to even do better.

[nur rochid]

No one will be able to be a good trader in a single day. It will take lots of time in order to get the full knowledge regarding the pros and cons of the Bitcoin trading market. The best way to trade Bitcoin in my experience is to have a good plan for your entry and exit points. You need to have a good strategy for your buy and sell positions and be disciplined enough to stick with your plan, this is often the most difficult part.
If you've invested lots of money in Bitcoin and it's price has dropped, the situation can appear to be pretty bleak; but being aware of a few things can avoid regrets later on:

Most altcoins tend to be tied to Bitcoin's price, so when Bitcoin crashes most altcoins will too. Some will crash further than Bitcoin percentage-wise and some won't. Look through some altcoins you believe in, and if they've crashed harder than Bitcoin, consider buying some of them with your Bitcoin. Although the fiat value of Bitcoin may be lower, you might be able to get a good deal on some altcoins. Also you have to wisely chose the best Cryptocurrency Exchange Software, so that you also lower the risk of being lose money at the time of exchanging your in-hand digital currency into any fiat currency you wished for.

Avoid buying any fiat-based items with your Bitcoin. For example reinvesting on cloud mining websites, buying items online, etc. As the fiat value of your Bitcoin is lower during a crash you you'll have less buying power, so the best bet is to either cash out if you can't risk further losses, or to 'HODL' until its value goes back up.

  We should use their knowledge, as there are so many expert traders we should make discussion with them and take tips, for being good trader we need fine skills and high level of knowledge. Good traders keep their level of patience so high and keeps their emotions down so their emotions cannot make them suffer, you will have to be determined enough to become good trader.

right, coupled with the experience that will be our best teacher. by learning the previous mistakes, of course we will get a lot of experience and immediately improve ourselves for the next trading platform