What do you need to become a successful trader?

[jazmuzika217]

I think we don't have to based on pattern or prediction because nothing is sure in that case. Technical analysis is good but not enough. We need some experienced and experiment to learn it by ourselves so we can be a better trader. We also have a continues learning to grow our ability to trade or to be a successful trader like you said.

[Triffin]

most of investors just holding bitcoin i mean buy only without sell and this work is is better than trade every time. i see lot of investors find lot of deficult to hold their bitcoin especially when prices fall . holding can give lot of profit to investors for example invest in bitcoin before two years is profitable because prices grow a lot

Majority of holders are not traders indeed because this profession has some prerequisites in order to succeed. A trader must have sound knowledge of his coin. Without this, he can not make profits or survive loss and give up very soon. The main reason behind failing to hold coin through dips is no trust and understanding of crypto coin. Doing deep research on bitcoin first helps in becoming rich.

[Magkirap]

For me, the word successful trader is about "discipline". You should have discipline when trading in order for you to perform well in the market. You need also to have  good trading psychology for effective decision making.

Luck is also big factor to become a sucessful trader in cryptocurrency because the chart movement sometimes is not same with our prediction even with a really good analysis. So we have to be a lucky person just like a successful gambler they are also need luck to become a successful person.

Yeah maybe luck also helps us win trades but it isn't a big factor for in becoming a successful trader, what we need to achieved success in trading is analysis and a good understanding of the market and specially the coins present in your trading and indeed a discipline mind is also a big factor because it can help you lessen your loss and to make good decisions in trading.

[kanayaTabitha]

most of investors just holding bitcoin i mean buy only without sell and this work is is better than trade every time. i see lot of investors find lot of deficult to hold their bitcoin especially when prices fall . holding can give lot of profit to investors for example invest in bitcoin before two years is profitable because prices grow a lot

Majority of holders are not traders indeed because this profession has some prerequisites in order to succeed. A trader must have sound knowledge of his coin. Without this, he can not make profits or survive loss and give up very soon. The main reason behind failing to hold coin through dips is no trust and understanding of crypto coin. Doing deep research on bitcoin first helps in becoming rich.

The problem is when someone is buying bitcoin for holding, their expectation is too high and think their investment can make they become rich quickly and they will instantly panic when they see their assets is dropping hard. People are saying just invest money that we can affor to lose and don't put too much expectation with our investment because cryptocurrency is agile and the price is unpredictable even with a really good analysis.

[shoreno]

most of investors just holding bitcoin i mean buy only without sell and this work is is better than trade every time. i see lot of investors find lot of deficult to hold their bitcoin especially when prices fall . holding can give lot of profit to investors for example invest in bitcoin before two years is profitable because prices grow a lot

Majority of holders are not traders indeed because this profession has some prerequisites in order to succeed. A trader must have sound knowledge of his coin. Without this, he can not make profits or survive loss and give up very soon. The main reason behind failing to hold coin through dips is no trust and understanding of crypto coin. Doing deep research on bitcoin first helps in becoming rich.

The problem is when someone is buying bitcoin for holding, their expectation is too high and think their investment can make they become rich quickly and they will instantly panic when they see their assets is dropping hard. People are saying just invest money that we can affor to lose and don't put too much expectation with our investment because cryptocurrency is agile and the price is unpredictable even with a really good analysis.

thats true but even me im also thinking that way  . that is normal for a coin like bitcoin because bitcoin does really have a potential to grow big as when compare to other kind of crypto coins  .  same as before  . we and other people expect big , we expect that bitcoin can bypass is standard price and guess what happen  ?  btc did skyrocket up to 18k usd and that happen last two years ago but even last year , btc still prolong this growth and it only slowly decayed as the time passes by .

[TIDOVEE]

Out of the many ideas available to be a successful these are few ;
1. You have to be sensitive to the times and seasons of your trade. You need to be able to strategize and Mark out plans of when to buy and sell profitably.
2. Use the best marketing medium
3. Make enquiries for experienced traders or experts
4. When you make mistakes,take note and learn from it and from others mistakes

[Shasha80]

There are many ways to become a successful trader, because everyone has their own way to become a successful trader. In my opinion to
become a successful trader by learning trading knowledge such as how to read charts, determine buy / sell prices, how to manage capital,
how to use trading tools, and how to distinguish real news or fake news. If the knowledge is already mastered, direct action. If it happens
mistakes we can learn from these mistakes. Trade regularly, later as time goes by your ability to get more honed.If we can already read
market movements, and also can control emotions when trading.Here you have become a successful trader, because successful traders are
not obtained instantly. But through the process, so anyone can become a successful trader as long as there is a will strong.

[fabiola!]

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.

Successful trading is not about trading in different markets or searching for different trading analysis , i was also thinking same as you and finding answers after all what is successful trading is fortunately i found some magnificent books ,

Trading in zone

Think and trade like a champion

and Trading for leaving

read this books i am sure you will get answers for your questions and read some other books about technical analysis

   

[Pamadar]

What I need to be a successful trader is to learn what is needed in a trader such as looking at the correct chart patterns and analyzing everything that is going to be bought, the main goal in our traders is to find more profit so that we need technical must also established and do not carry hoax news that can make you dump. The important thing is to be sure and keep trying to find the latest, my advice if you want traders on altcoin choose alt top CMC so that every coin trader is always active in the market and many interested ones

The advantage with doing this type of strategy is you'll be able to monitor that movements of you selected coins, fast moving and high volume coins can be use for your scalping or day trading. There's people who manage to catch up with market trends, the pattern though is hard to trace but once you able to correctly predicts and your assessment keeps going better, then you will become a successful traders.

[alan2here]

There are many ways to become a successful trader, because everyone has their own way to become a successful trader. In my opinion to
become a successful trader by learning trading knowledge such as how to read charts, determine buy / sell prices, how to manage capital,
how to use trading tools, and how to distinguish real news or fake news. If the knowledge is already mastered, direct action. If it happens
mistakes we can learn from these mistakes. Trade regularly, later as time goes by your ability to get more honed.If we can already read
market movements, and also can control emotions when trading.Here you have become a successful trader, because successful traders are
not obtained instantly. But through the process, so anyone can become a successful trader as long as there is a will strong.

In my opinion, the most important thing is to have knowledge of trading and to always control greed before investing. In fact, many investors don't follow the original plan and that makes them more risky. In addition, it is necessary to divide the capital appropriately to the market situation because if you choose to invest at a bad stage, it will be difficult to make a profit.

I always use the knowledge I have learned over the past few years to analyze and never trust the predictions of others. Of course, I often make mistakes when choosing to invest but I am always calm and patient to earn the best profit.

[juperos]

Why some traders become successful and the other fails? Just because they don't have the same strategies to follow nor that optimistic and positive outlook towards the market. They become successful because they survive and learn from mistakes that they committed previously, giving them a hint to find out what's missing. Continuous learning and a strong commitment to their job brings them to achieve their goals and be recognized as a successful trader.
This is what we should have to do.

I agree with your point of view, in order to achieve success, you must go through a lot of failures, from the ones that are optimistic and positive people will gain experience, explore more, always try to strive everyday. Persistently sticking to the plan or goal that they have set, in order to eventually achieve successful results and be recognized by everyone, in addition to achieving success in the world of cryptocurrencies, you must really persevere. Maintain, spend a lot of time to learn from experienced people or resources of the 21st century: Internet.

[anume123]

Become a successful trader are those people have a big funds to invest up and such as people need to manage their experience and learnings to become a wise trader.

[bobyhodob]

Become a successful trader are those people have a big funds to invest up and such as people need to manage their experience and learnings to become a wise trader.

it does not become a point of how those who have big funds will succeed with trade
Even those who only start with their small funds can succeed if they have healthy money management and rules that are always adhered to.

[tonyvo2017]

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.

As a trader, financial knowledge is indispensable. The first step is to learn the market indicators and trends. This learning process takes 3-5 months to master it and must practice it daily on the demo account. Besides, learning knowledge must also learn about the psychology of the crowd. You should buy books about reading more about the experience that good traders share. Those are the steps to help you become a good trader and make money full time.

[drlukacs]

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.

Yes, definitely the basic knowledge you need to master. These are indicators like EMA, MACD, RSI, Stoch, ... then models such as hammer, triangle, shoulders - head - shoulders, flags, ... then more will be the careful analysis. More sophisticated techniques such as Fibonacci, ... there are many things you have to learn but learning is not enough. You will need to spend more time and money to start trading.
and the average time a trader can start making steady money is after 3 years of training and losing a lot of money. but it depends a lot on your effort, maybe shorter or longer, depending on how you see it. good luck.

[Asmonist]

It takes experience to become a successful trader. There are many trading sites you can choose. One experience at a time and you will find your own techniques. Every experience has success and failures that you can learn and enhance some techniques soon. So far, I've been into trading for quite some time and every little profit I earned is a success for me.

[wxa7115]

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.

Yes, definitely the basic knowledge you need to master. These are indicators like EMA, MACD, RSI, Stoch, ... then models such as hammer, triangle, shoulders - head - shoulders, flags, ... then more will be the careful analysis. More sophisticated techniques such as Fibonacci, ... there are many things you have to learn but learning is not enough. You will need to spend more time and money to start trading.
and the average time a trader can start making steady money is after 3 years of training and losing a lot of money. but it depends a lot on your effort, maybe shorter or longer, depending on how you see it. good luck.

I do not really agree with this, learning how all of those indicators are calculated is very easy and learning about their function is very easy as well what it is difficult is to somehow put together a strategy that makes money in the markets in the long term, and most people do not really know how to do that, because technically you could combine all kind of indicators to produce profits in the markets and each trader is going to have his own preference.

Also you don't need to spend years in the market without obtaining profits, if you do that you will be lucky to be able to trade for that long, good traders obtain profits from the very beginning because they have thought very well what they need to do to get profits in the market.

[Maslate]

Don't be carried away based on what people do say about trading because many of these people don't even trade but they claimed that they are traders. I have a friend who who is good in analysis of the but he will never risk his own money for trading but he do advise people on what to do and what not to do while trading crypto, forex and others.

I suggest just do the very basic thing in trading. Buy low and sell high. It may require a lot of patience because you have no fixed time when will you make profits, but it will also lessen your losses on the other hand. Trading is profitable if you know how to analyze the market movement and never be fooled by any hypes.

[Peashooter]

Don't be carried away based on what people do say about trading because many of these people don't even trade but they claimed that they are traders. I have a friend who who is good in analysis of the but he will never risk his own money for trading but he do advise people on what to do and what not to do while trading crypto, forex and others.

Perhaps you friend has a virtual account only and he's not confident that his knowledge is enough. Thus, it's better to just learn trading by your own rather than listening for an advice from people who haven't experienced dealing in a real market. Trading composes of a lot of business people that are looking for an opportunity from novice in this field.

[lienfaye]

Don't be carried away based on what people do say about trading because many of these people don't even trade but they claimed that they are traders. I have a friend who who is good in analysis of the but he will never risk his own money for trading but he do advise people on what to do and what not to do while trading crypto, forex and others.

Perhaps you friend has a virtual account only and he's not confident that his knowledge is enough. Thus, it's better to just learn trading by your own rather than listening for an advice from people who haven't experienced dealing in a real market. Trading composes of a lot of business people that are looking for an opportunity from novice in this field.

Indeed, giving advice without real experience seems not reliable. He should apply first his advices on his own journey in trading before thinking others on how to trade safely.

To be a successful trader (regardless which market you choose) requires knowledge and experience. You cant master it overnight but as time goes by you're going to improve and thats your stepping stone to succeed.