What do you need to become a successful trader?

[darewaller]

The main characteristics of successful traders are they are persistent, determined, and passionate on what they are doing. We all know that trading is such a boring thing in making profit. However, it can be changed based on your perspective and your willingness to reconsider it. Once your perspective is positive, you won't get tired of pushing yourself on something you wanted to do which is to trade.

Sometimes, trading can really be tiring no matter the passion that you have in it, but with persistence like you said, I believe that those with passion will always make it through but for me, despite my passion for trading, it is just my thing because as much as I have tried a lot, I keep losing my trade, except sometime when I just buy and hold for a short term, maybe I could be lucky that bitcoin will rise then and then later dip for me to buy again and sell, but I am not always lucky with it.

This is the reason why I would just prefer to just hold my coin and then wait for bull run to come, I believe that bull run will cover up for all the trades that I have not made in the past or the trades that I have lost, there is nothing just as easy as buying and holding coin for bull run to come in the future.

[LimLims]

The question itself is wrong OP.
Their is no way to become a successful trader.
It's only complete luck.
But yes you can enhance your luck.
So just have some basic knowledge about trading and wait foe the perfect time.
Good luck.

[serantepe]

The question itself is wrong OP.
Their is no way to become a successful trader.
It's only complete luck.
But yes you can enhance your luck.
So just have some basic knowledge about trading and wait foe the perfect time.
Good luck.

A luck? I thought it’s experience with mathematics and also you cannot give up.

[The Cryptologist]

What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......

Those strategies would really help but to be a successful trader you must learn how to avoid being greedy. Always grab the opportunities to earn profit. You said you want to make it a living so you have to set a realistic daily profit to make it possible. Some traders lose money because the profit they want is based on speculation they hear.

  For daily profit all people must be sitting at the computer 24/7 hours per day.

That's called insanity, man. You can't catch everything sticking your eyes on the monitor for the whole day and consistently get profit. That is not also healthy. Just keep it cool and keep up with the latest news because most of the prices of crypto are driven by news so it is better to be resourceful than to looking at the price orders to move because it might take you forever just to execute your orders.

[miningguru]

The question itself is wrong OP.
Their is no way to become a successful trader.
It's only complete luck.
But yes you can enhance your luck.
So just have some basic knowledge about trading and wait foe the perfect time.
Good luck.

Agree, there is no good explanation for the question asked by the OP because many people will fail to predict the prices, but with the knowledge, they will manage to recollect their investment. For making a profit we need to be very active in the market otherwise, it is impossible to collect the profits.

[befxtrader]

As a trader my main system is arbitrage trading. It’s quite simple way to trade crypto by finding a large enough difference on buy and sell prices on the exchanges. I started using Newscrypto.io arbitrage feature that shows me the best buy and best sell order on reliable exchanges. For now, it saved me a lot of time and all info given was dependable.

[samcrypto]

This have been questioned for about a thousand times in this forum but i still recommend to start with reading and picture materials to become more familiarized with the trading environment. This will become your step one then proceed with the exprerience after.

[cryptic4000]

As a trader my main system is arbitrage trading. It’s quite simple way to trade crypto by finding a large enough difference on buy and sell prices on the exchanges. I started using Newscrypto.io arbitrage feature that shows me the best buy and best sell order on reliable exchanges. For now, it saved me a lot of time and all info given was dependable.

This seems to be the site that I will be visiting soon in the near future because buying and selling spreads can help you a lot in making extra money. I do not know how to use it yet, but I will start researching this form to create the best profit for me. Anyway, this is a way of trading that many people are interested in and will certainly be a new trend in the future. I think if you can do this then you don't need to invest because this is the easiest way to make money

[futureofbitcoin]

Below, I detail some of the steps needed to begin your journey toward becoming a trader.
1. Make a resolution to learn. ...
Do your research. ...
Get in “back to school” mode. ...
Set goals. ...
Seek guidance. ...
Start trading. ...
Evaluate your progress. ...
Cultivate good habits.

[Eugenar]

In order to have become successful trader you must have this following characteristic:
-Patience
-always have a plan for trading
-control your emotions
-risk only what you can afford to lose.
-be updated on the market
-study the market
-know when to stop trading

These are the only things I know how to to have a better trade. The more experience you've gain the more trading tips you'll get.

[btctaipei]

for btc you need 3 things:

1) high volume, automated GPS dispatch software, and manpower with people you can trust.
2) a place to hold fiat (a lot of it) safely, stay away from on-line activity
3) more volume (maintain customer and relationship), and lower fees to knock out your competitors.

physical currency-btc trade are dirty work and no matter what market condition you have full liquidity and that guarantees to make BTC.

[Republikcoin.com]

In order to have become successful trader you must have this following characteristic:
-Patience
-always have a plan for trading
-control your emotions
-risk only what you can afford to lose.
-be updated on the market
-study the market
-know when to stop trading

These are the only things I know how to to have a better trade. The more experience you've gain the more trading tips you'll get.

from what I have observed, patience is indeed the foundation in playing trading. There is already plenty of evidence that shows that patience in trading can produce results. many people give priority to information before trading. but they don't have patience, which results in them not being able to maximize the profit they can get.

after that, the points you mentioned are things that need to be in us after having patience.

[voltesbit777]

Hello guys, I'm here because am so lost and confused about this whole thing of trading bitcoin or any other market as forex, stocks ...... first, when i started trading bitcoin it because i heard and saw many people talking about it and that you can make a lot of money. I mean yeah at first i made some profits by buying small amounts of bitcoin in Yobit then selling it again when the price goes up, but when day when the bitcoin went down i lost a lot of money.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused

What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.

The first thing you must do mate is start with learning, what to learn? find out what is bitcoin? what is crypto? what is blockhain technology?
These are the basic question in which is you supposed to know first. Then, don't be emotional if ever you're in the actual trade, always be patience,
be positive, don't believe in promising words that you will read in social media, Have a self discipline, don't be greedy and be a risk taker.

[doomistake]

In order to have become successful trader you must have this following characteristic:
-Patience
-always have a plan for trading
-control your emotions
-risk only what you can afford to lose.
-be updated on the market
-study the market
-know when to stop trading

These are the only things I know how to to have a better trade. The more experience you've gain the more trading tips you'll get.

from what I have observed, patience is indeed the foundation in playing trading. There is already plenty of evidence that shows that patience in trading can produce results. many people give priority to information before trading. but they don't have patience, which results in them not being able to maximize the profit they can get.

after that, the points you mentioned are things that need to be in us after having patience.

Patient is indeed the foundation of all things that we do in life, patience means we are discipline enough to not rush things that is need to be polish to shine. It is like yourself, when you first time enter the Trading world, you don't have to expect that you are gonna do well in the first Trade, of course you will experience some crazy stuffs like losing profits because you accidentally set the wrong price when you sold a coin and so many more.

Patiend will be the key for you to be more experience in Trading, if you are patient enough to wait until you become a professional trader, I guarantee you that you, being a patient in all times would not disappoint you as you see the results of it.

[BaronCoin]

I think that to become a successful trader you need a lot of time for technical analysis and a lot of experience

[joromz1226]

Hello guys, I'm here because am so lost and confused about this whole thing of trading bitcoin or any other market as forex, stocks ...... first, when i started trading bitcoin it because i heard and saw many people talking about it and that you can make a lot of money. I mean yeah at first i made some profits by buying small amounts of bitcoin in Yobit then selling it again when the price goes up, but when day when the bitcoin went down i lost a lot of money.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused

What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.

Of course before we know it all the time Bitcoin is different from Forex, others say real world is like Forex compared to Forex because they are real money and you can really make a big-money depending on who you are, what they say they like they point out that Bitcoin is not a real currency, if their point is true why Trading Forex has approved it to become a currency and make currency purchases on their platform.
Then you don't have to be an expert just to earn enough to know the basics of trading when you have to buy and sell, you also need to know the timing and above all be patient and do not get emotional quickly.

[ardentvolcanoes]

Hello guys, I'm here because am so lost and confused about this whole thing of trading bitcoin or any other market as forex, stocks ...... first, when i started trading bitcoin it because i heard and saw many people talking about it and that you can make a lot of money. I mean yeah at first i made some profits by buying small amounts of bitcoin in Yobit then selling it again when the price goes up, but when day when the bitcoin went down i lost a lot of money.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused

What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.

The first thing you must do mate is start with learning, what to learn? find out what is bitcoin? what is crypto? what is blockhain technology?
These are the basic question in which is you supposed to know first. Then, don't be emotional if ever you're in the actual trade, always be patience,
be positive, don't believe in promising words that you will read in social media, Have a self discipline, don't be greedy and be a risk taker.

If you have knowledge regarding to product/system that you are in to it will be much easier for you to work around and start learning the deeper side. The basic concept of trading should be buying at the low value and then sell high to whichever amount you thinks you are already satisfied. Remember that from each winning trade you have someone loses their investment, be very careful and don't stop learning different style of trading. Be very attentive with factors that influence the market, from each trading strategy there's always factors behind that system. Learn and keeps pushing for more knowledge.

[doomistake]

Hello guys, I'm here because am so lost and confused about this whole thing of trading bitcoin or any other market as forex, stocks ...... first, when i started trading bitcoin it because i heard and saw many people talking about it and that you can make a lot of money. I mean yeah at first i made some profits by buying small amounts of bitcoin in Yobit then selling it again when the price goes up, but when day when the bitcoin went down i lost a lot of money.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused

What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.

Trading using cryptocurrencies is different in trading market stocks in a way, for example, in their price, cryptocurrency's price is more volatile than market stokcs, market stocks to fluctuates but not as big as crpytocurrencies, maybe that is why you are confuse. Trading in cryptocurrencies have so many different approach, and it is your job to find what you preferred the most, do  that and you'll see yourself making money in Trading.

You need to train yourself even more by watching tutorials or reading PDFs about trading, the more knowledge you get, the more money you could earn.

[FirstBeNewbie]

Very simple. Learn basic analysis and technical analysis. Watch a few coins you like and keep up with the news. Follow general cryptosphere news and stay away from fraud or signal groups.

[xamxam]

Hello guys, I'm here because am so lost and confused about this whole thing of trading bitcoin or any other market as forex, stocks ...... first, when i started trading bitcoin it because i heard and saw many people talking about it and that you can make a lot of money. I mean yeah at first i made some profits by buying small amounts of bitcoin in Yobit then selling it again when the price goes up, but when day when the bitcoin went down i lost a lot of money.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused

What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.

Those youtubers who showed a lot of money are just doing it for views and that is their typical clickbait like showing 6-figures and how they did it in a short span of time. If you think about it, they would not do youtube and will only concentrate on trading if they really make that much amount of profit so in short, they are all fake gurus.

To become a successful trader, you need to have experience trading 1-2 years and you will know what your mistake is and how to react and control your emotions. You are not going to become a successful sooner after that but I will guarantee you that you will start gaining more than losing.

Correct, they know that people want fast results and they want incredible profits while dedicating almost no time and effort to trading, if they just used their common sense they will know that such a thing is impossible, those that are successful at anything have dedicated a great amount of time to their favourite activities, but they know that if they were to offer people to teach them how to earn 10% in profits each year no one will see their YouTube channels and since they are not really traders to begin with then it is easy to offer to the people what they want even if they know that is impossible.

For me, it is wrong to ask "How to be a Successful trader" before we lead to becoming successful traders. big, not so crypto space. You have to go through everything from basic, defeat, anxiety, to emotional, you can't be patient, this is just one of the things we as traders go through.