WHAT DOES A TRADER NEED?

[DimitrisLodirogas]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

[1714628924]

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[1714628924]

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[harizen]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

Honestly, you can answer that by yourself.

You got some useful and helpful advice here: . You just need to understand what others told you.

And I think, even by a bit, you already have a knowledge about choosing a coin to trade based on your preferences so I believed you already know the basics,

If you investigate and evaluate the project correctly you can make a profit from any good coin. But definetely prefer to stick with proven ones. My top alts NEO, XRP, XLM, NWC...

[nelson4lov]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

You've said it yourself. it's a rule of thumb  to always make trade analysis using not only technical analysis but with fundamental analysis. That said, You've to actively checking the news. If you've been in crypto long enough, You would know how crazy a coin gets when it's in the news and everybody is talking about it on CT etc. You can checkout this article I found : Best Trading tools checklist ✅

[Obito]

Reading news constantly and being on track?

Quite often will be good. And you should know what to react to such crypto related news.

Using platforms/tools?

You cannot start trading without these. And before that try to explore and search for reviews on which platform tools are good for trading. Choose the best.

Is trading view enough?

Sufficient knowledge for a different styles I guess is enough. Ideas to a certain coins are enough as well. Besides beginners have different range of approach to crypto try to find yours. Lastly for a safe trading choose a best company who has a good reputation so that trading would be simple for you.

[dimonstration]

Learn to stop loss, sell already those alts that seems to have no development. While it is good to trade different alts, for newbies it will be better to focus only in few top alts, even their are all volatile but chances that it will  dump to fall is small unlike those new alts or unpopular alts? And always be updated on news to have some clue on what to trade that day.

[Casdinyard]

Reading news constantly and being on track?

Buy the news, sell the rumor.

Using platforms/tools? Is trading view enough?

A definite must have tool and you should at least start with trading view so you can access your accounts simultaneously. However, don't treat trading a one time learning as trading isn't everyone's cup of tea so better to keep on learning.

[jazmuzika217]

I think the most important thing is reading news constantly and being on track. Because all we know that we need to be updated in doing trading, short term trading or even long term trading because we need to know the market situation to recognized if we need to hold or to sell. But always remember that we need a reliable source of news because there's lot of fake news here in cryoto world.

[wajik-tempe]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

We need much experience to become a profitable trader.
I think using platform tools for monitoring assets and the reference website for people analysis such as tradingview is enough to start our journey to become a trader.
but we have to practice our emotion, patient, and all the other things that relevant with trading physicology is hard to get except by experience of trading. Maybe at first we will always got trapped by the whales but over time we will find the rythm of trading.

[rijaljun]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

A lot!

But one most important thing for trader is stability of emotion.

No matter how great you are at analyzing with different tools, no matter how long you do a research, mo matter how much time you invested to get experiences, if your emotion is not stable then you might take a wrong decision.

[Serco]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

A lot!

But one most important thing for trader is stability of emotion.

No matter how great you are at analyzing with different tools, no matter how long you do a research, mo matter how much time you invested to get experiences, if your emotion is not stable then you might take a wrong decision.

emotion controlling and lot of practice will help us to be good trader.most of traders didnt prepare their self with good skill before join in market.tools just a tool that could not used if trader doesnt understand how this indicator work.if ever heard false signal, it caused by trader that confused with tools utility. I am agree capability in controlling emotion will make us survive in our trading  carreer.

[GreatArkansas]

About your first phrase.
The Reading news constantly and being on track?;
You should need to know that not all news or any articles are related in trading, we have technical analysis that is also focused in charts/different tools in trading.
That's why it is much advisable to learn or focus in technical analysis so that you will not really rely on news because there's a lot of fake news nowadays just to manipulate the emotion of some people or market.

[Upgrade00]

On the first factor you pointed out:

Reading news constantly and being on track?

It depends on what you're trading; cryptocurrency or forex. When trading traditional fiat currencies the news that affect it are more easily recognizable and you can judge the direction of the market. In cryptocurrency it is much more difficult to filter news and how it would affect investors or potential investors.
In both scenarios there is a fair bit of price manipulation going on.

[Shasha80]

What traders need is the ability to analyze markets both technically and fundamentally, so they can determine the right decision
when to buy / sell. The ability to control emotions is also needed by traders, so they can focus on achieving the target is not
affected by anything else. Reviewing news might have to be able to filter which ones are real. Using tools only for professionals
traders, for the newbie try manually so that his ability is honed. For the initial stage, enough with trading view.

[Red-Apple]

to trade!

seriously, if you want to become a trader you have to start trading. reading stuff online on speculation forums, reading books, learning technical analysis,... all will be theoretical and will never help you make any profit unless you start trading and gain some experience.

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?

news rarely is the reason for a rise or fall specially in altcoins that are only pump and dumping.
it is too soon to use any kind of tool if you are new.
tradingview is good but it is what i explained above (theoretical). and nowadays most people there don't know what they are talking about.

[Fappanu]

Reading news constantly and being on track?

Yes because you know the development of each coin you hold, here you read all the news you need to know that will affect your coin hold. It will also help you if you join the telegram groups, discord groups of coins you hold. Since you can read and know about each coin development, you can also ask your questions here.

[teosanru]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

Every trader lacks in something which only he himself knows. I think it's better for every trader to introspect himself before deciding what he lacks. But in general I think what trader needs most is patience to make things work. Traders don't have to lose hopes after just a bad start as a trading journey is a lifelong journey and you don't have to give up anywhere in between. Most of traders after 1 or 2 years think that trading isn't worth the hardwork but this is actually the time after which things actually start to work.

[electronicash]

being logged to an exchange constantly and an tradingview app i think is enough for you to go on trading. these are the only two i need and all the news i get are from this forum only. although i'm subscribed to cointele and some other youtube channel, i still don't go listen there unless i see the title to be interesting. and the most important thing that a trader must have is funds. 

[Taskford]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

Every trader lacks in something which only he himself knows. I think it's better for every trader to introspect himself before deciding what he lacks. But in general I think what trader needs most is patience to make things work. Traders don't have to lose hopes after just a bad start as a trading journey is a lifelong journey and you don't have to give up anywhere in between. Most of traders after 1 or 2 years think that trading isn't worth the hardwork but this is actually the time after which things actually start to work.

Because some of the traders want to shortcut on everything that's why we can see them became a loser and get panic easily when there's an upcoming fuds and little dumps happened, and I think to counter this up traders must have guts and knowledge on some techniques about trading. But if they really want to learn and become expert maybe they should avail those paid trading courses(those legit ones) since for sure it will be helpful and it's for them to upgrade for long term purposes.

[Wexnident]

What do you think in yourself that you are lacking? Its all about the experience in answering these questions though. No matter how many preparations you've made, the experience would still be the one answering what you yourself are lacking. Of course, this doesn't mean i'm discrediting proper preparations. Those are still important like research, exchange to use, studying, analysis etc. I'm just iterating that only experience would show what you yourself is missing, in addition to those preparations you've made yourself.

[ChrisPop]

I would say that the only things that a trader needs are technical analysis, risk management and a rested, clear, emotionless mind so he can take the right decisions based on his edge. Of course that in order to place trades he's gonna need a broker(trading platform) and a charting platform like TradingView. Old professional traders usually use their own purchased software or the classical MetaTrader, but personally I think TV has a much better and easy to use interface than any other charting software out there.