A good advice for every traders.

[junnar1968]

The Forex Market has a high level of price movement which means that there can be fakeouts. This can move you out of your position. We recommend that you find strategies that will allow you to put a stop loss in a place. That will keep your trading from being stopped out quickly.

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[militiariko]

First of all, every trader should believe in his own trading logic. Lossing is not terrible but it needs a lot of patience!!

Here is some advice: 1. Believe in your trading logic./ 2. Record the reason when you open trade./ 3. Take profit and stop loss strictly.

For me, i think as a trader you should learn firstly how to trade, develop and master or master existing trade patterns, methods etc and also learn to tweak your strategy to suit the market demands. Because the crypto currency market is not the same each day. As a trader, you need to understand the market emotions, understand when to trade, understand when not to trade and always take profit.

[Kamilaz]

They are good advice, but you need to set your goal carefully. When you define a goal, you can determine the path that leads to this goal and then choose the best path to do so.
There is no such thing as "the logic of your trading". There are goals and a way to achieve them. This method is not required to be fixed, but it changes with events.

Generally, these are psychological tips for speculators and not advice on how to do trading.

having a good principle is very crucial in trading tho, most people who lose a lot are those who are impatient.

[Cubus]

First of all, every trader should believe in his own trading logic. Lossing is not terrible but it needs a lot of patience!!

Here is some advice: 1. Believe in your trading logic./ 2. Record the reason when you open trade./ 3. Take profit and stop loss strictly.

For me, i think as a trader you should learn firstly how to trade, develop and master or master existing trade patterns, methods etc and also learn to tweak your strategy to suit the market demands. Because the crypto currency market is not the same each day. As a trader, you need to understand the market emotions, understand when to trade, understand when not to trade and always take profit.

Completely agree with you. One definitely needs to read and practice a lot in order to be good at trading. I also use trading tools that help me with my portfolio management, since I have accounts in 5-6 exchanges, from which I use 3 regularly. The recent tool that I found is called Cryptoview and I use it to synchronize all my trading accounts. They support margin trading, stop-loss, etc. – https://www.cryptoview.com/ is their website.

[Ronaldcoin2017]

Trading is a good way to earn profit in crypto but as a trader we need to consider so many things and also we need to control our emotion, beause in trading we can experience everything there are loss and sometimes we can win or earn but the very best thing is we can learn, learning on how to do perfect trading is really important and that was already earning we can earn profit and we can also learn more about trading.

[sambuddha]

They are good advice, but you need to set your goal carefully. When you define a goal, you can determine the path that leads to this goal and then choose the best path to do so.
There is no such thing as "the logic of your trading". There are goals and a way to achieve them. This method is not required to be fixed, but it changes with events.

Generally, these are psychological tips for speculators and not advice on how to do trading.

having a good principle is very crucial in trading tho, most people who lose a lot are those who are impatient.

I agree that impatience is a very big vice for a trader. Most unsuccessful traders trade with little or no patience and it is therefore critical to understand why patience is one of the most important “ingredients” to becoming a successful trader, and can actually make you money faster.