Need advice on becoming a successful trader

[cosmofly]

I am not a successful trader right now but I am on my way to recovering the money I lost. I used to be like you, always following signals in large groups and open orders according to their signals. But after a while I realized I was a fool, I never trade!
In order to be profitable in trading, we need to learn for ourselves and indicators. Only use the indicators that you trust the most. After selecting the tools, set the plan for the amount you are about to trade, which is the most essential management. Then follow the plans you have laid out. That's the formula and the steps that helped me to trade successfully in the last 3 months. Hope it helps you succeed.

[FanEagle]

You might be right that demo and real thing are different and when you are doing real trading you will be more careful because when you lose you are not losing demo money, you are losing your hard earned cash there. However starting without demo is not the solution for that, just because you are trading in demo doesn't mean you are going to act like your money is demo money too, so when you do demo and get better and eventually go to real trading you will still act as if it is your money and be careful.

Hence, I do not see any reason to not try the demo part out first and see how it is and how it feels and how you are doing, if you are doing fine you will end up with simply going to real thing, but if you are very bad even at the demo part you could hang around and learn a bit more.

[spike420211]

For me, the best practice in trading was to see a "paper account". When I lost money in order to return to normal,
I stopped trading for real money and used notes on paper, a kind of demo account in which I tried to avoid any negative transactions. Only when I succeeded did I allow myself to return to normal mode.

[Kelvinid]

I am not a successful trader right now but I am on my way to recovering the money I lost. I used to be like you, always following signals in large groups and open orders according to their signals. But after a while I realized I was a fool, I never trade!
In order to be profitable in trading, we need to learn for ourselves and indicators. Only use the indicators that you trust the most. After selecting the tools, set the plan for the amount you are about to trade, which is the most essential management. Then follow the plans you have laid out. That's the formula and the steps that helped me to trade successfully in the last 3 months. Hope it helps you succeed.

That should be, no one could make you grow and become a successful trader but it is actually YOU. In this tricky market, following signals and other trading groups will eventually leading you to nowhere and even drag you the worse ends. That is why they created such groups to manipulate the market and fool us, but not the intent of helping new learners.

I'm glad that you have finally noticed it and that newcomers will also realize how important it is to have confidence. And not relying on other's hands to help.

[Vitalicus]

I am not a successful trader right now but I am on my way to recovering the money I lost. I used to be like you, always following signals in large groups and open orders according to their signals. But after a while I realized I was a fool, I never trade!
In order to be profitable in trading, we need to learn for ourselves and indicators. Only use the indicators that you trust the most. After selecting the tools, set the plan for the amount you are about to trade, which is the most essential management. Then follow the plans you have laid out. That's the formula and the steps that helped me to trade successfully in the last 3 months. Hope it helps you succeed.

That should be, no one could make you grow and become a successful trader but it is actually YOU. In this tricky market, following signals and other trading groups will eventually leading you to nowhere and even drag you the worse ends. That is why they created such groups to manipulate the market and fool us, but not the intent of helping new learners.

I'm glad that you have finally noticed it and that newcomers will also realize how important it is to have confidence. And not relying on other's hands to help.

True! The only advice is that you have to make it yourself! Investing your time in learning the knowledge, reviewing other experiences, studying skills and techniques such as chart analyzing skills, market analyzing skills,.. It is very important to know that you can't rely on trading signal groups. Those groups may bring you some profit, but overall, it is created to work based on the creators' interest!

[michellee]

There is no other way besides learning about trading to become a successful trader. You need to learn the lesson from any source so you can get more information on how to trade with the right. You can watch a video about trading, so you know how to analyze the market and find the right time to trade. Maybe it is difficult for the first time, but if you still trying, I am sure that you will understand the lesson so you can have a chance to improve your skills. You will have time to analyze the market to find the time to trade, and you will have the opportunity to make a profit. The successful trader is someone who is still learning and discover more lesson to improve his skills.

[kolbalish]

To be a successful trader, first, preoccupation with how to grow the business without thinking about profit and loss. Then for the sake of business, we need to have good connections with partners, obsession with customer satisfaction, business acumen, skills in economic justice analysis, strategy. It is possible to be a successful trader if you have the integrity to diversify to all circumstances.

[Oilacris]

There is no other way besides learning about trading to become a successful trader. You need to learn the lesson from any source so you can get more information on how to trade with the right. You can watch a video about trading, so you know how to analyze the market and find the right time to trade. Maybe it is difficult for the first time, but if you still trying, I am sure that you will understand the lesson so you can have a chance to improve your skills. You will have time to analyze the market to find the time to trade, and you will have the opportunity to make a profit. The successful trader is someone who is still learning and discover more lesson to improve his skills.

You wont able to make it right when you dont totally engage with it or do have experience.No matter how you do read up context and other trading analysis from other people

it would still not be enough but rather you should need to grasp on it for yourself.You wont learn if you wont try and if you are afraid of the risk on losing money then try to accept

it yet we can still be profitable if you do made it right..All of us does need this kind of advice i believe but only time and effort you had put into this one will always matter.

[BuNga_cute]

To be a successful trader can not be instant, requires a long process. If you are just learning to trade for 2 weeks and want to
becoming a successful trader is clearly impossible. When learning to trade must be patient, and loss in trading is normal. Because
all traders experience losses, the most important thing is we can learn from the mistakes we make, so we don't lose anymore.
For newbie like you should stay away from trading bots, because you need to improve your skills first. For technical analysis you can
learn on the youtube platform, better explanation with videos.

[semobo]

To be a successful trader, first, preoccupation with how to grow the business without thinking about profit and loss. Then for the sake of business, we need to have good connections with partners, obsession with customer satisfaction, business acumen, skills in economic justice analysis, strategy. It is possible to be a successful trader if you have the integrity to diversify to all circumstances.

While doing crypto trading you don't need to build any connection with anyone, just learn the analysis skills and read the market condition on your own.There will be losses for sure because even the trader with years of experiences are also making mistakes.So try to reduce your mistakes and increase your earning chances.Don't hurry towards number of trades because even single trade can give your huge profit and also you can save a chunk in the form of fee.

[nelson4lov]

@OP, at this point, you should be focusing more on learning trading concepts rather than chasing signal groups and playing with margin. Even if you've learnt a couple of stuffs, you still have a lot of ground to cover as far as trading is concerned. Fill your knowledge gap.

Also, I want to add that, as a software engineer, you should take trading as a second income. this way,  you won't go broke while you still explore the trading world. And when you you have some experience and knowledge up your sleeves, you can start putting some money from your software engineering career to  your trading account.

[cassavachips]

There is no instant success, even if there is luck. Your step is good enough. I suggest you keep learning and practising, always updating market information and also a good coin and always learning from mistakes. If we are diligent in learning and trying, it will get maximum results even if it is not as imagined. 

[adzino]

To be a successful trader can not be instant, requires a long process. If you are just learning to trade for 2 weeks and want to
becoming a successful trader is clearly impossible. When learning to trade must be patient, and loss in trading is normal. Because
all traders experience losses, the most important thing is we can learn from the mistakes we make, so we don't lose anymore.
For newbie like you should stay away from trading bots, because you need to improve your skills first. For technical analysis you can
learn on the youtube platform, better explanation with videos.

You should stop considering "loss" a normal thing when trading. It is not normal when you keep on losing your money consecutively. You are making some mistakes and you should should try to fix those mistakes instead of thinking that it is totally a normal thing.
True, all traders make losses but at some point they manage to minimize it. I wouldn't say youtube is the best platform to learn. They tend to always shill for some coins or platforms they are affiliated with.

[btcholder]

~snip~

In my little experience i can tell that with in two weeks is very short time to learn about trading. So with that knowledge you can't trade successfully. Trade is not just a degree that you complete your education and got your degree. It's a thing that you need to achieve experience and it takes much time to get that. If you still continue your trade journey then you might be know already why it take times to be a good trader.

[Oilacris]

To be a successful trader can not be instant, requires a long process. If you are just learning to trade for 2 weeks and want to
becoming a successful trader is clearly impossible. When learning to trade must be patient, and loss in trading is normal. Because
all traders experience losses, the most important thing is we can learn from the mistakes we make, so we don't lose anymore.
For newbie like you should stay away from trading bots, because you need to improve your skills first. For technical analysis you can
learn on the youtube platform, better explanation with videos.

You should stop considering "loss" a normal thing when trading. It is not normal when you keep on losing your money consecutively. You are making some mistakes and you should should try to fix those mistakes instead of thinking that it is totally a normal thing.
True, all traders make losses but at some point they manage to minimize it. I wouldn't say youtube is the best platform to learn. They tend to always shill for some coins or platforms they are affiliated with.

You are right but to know that majority will not really be that too confident on making mistakes from time to time.They will surely think of on how to avoid it in next time, yes its normal

and part of trading but as said we shouldnt really be that confident but people instinct and intuition will normally react on how things should be done.You will realize it sooner or later

when you do gain enough experience along the way. Mistakes are best teachers but dont let it happen on constant manner.

[elisabetheva]

There is no instant success, even if there is luck. Your step is good enough. I suggest you keep learning and practising, always updating market information and also a good coin and always learning from mistakes. If we are diligent in learning and trying, it will get maximum results even if it is not as imagined. 

true, mistakes are very meaningful lessons for not taking action a second time. although it is clear that we do not want to experience mistakes when doing steps and actions, but what steps we do sometimes do not correspond to what is desired.
continued learning is the best step to avoid actions that might be detrimental, because by learning and being willing to accept input and often reading information will certainly reduce things that we might not want.

[Mumbeeptind1963]

There is no instant way to be a successful trader. I began trading and losing so much money, for me you if you are losing money due to trading it will become an experienced, and you need to learn from it and not do the wrong thing on it. You need to learn to take a risk and it is not always losing of course, lose some win some. When you fail you are one step away from the success.

[Knepala]

Please have a look at my guide. I'm sure you'll learn a few things

https://medium.com/@sambrans/mastering-trading-with-leverage-a-lucid-guide-b918696384f0

[glowing10]

There is no instant way to be a successful trader. I began trading and losing so much money, for me you if you are losing money due to trading it will become an experienced, and you need to learn from it and not do the wrong thing on it. You need to learn to take a risk and it is not always losing of course, lose some win some. When you fail you are one step away from the success.

Losing money is part of trading and I do not think anyone here exists who without making loss will be able to make any trades. But always have a limited amount initially invested for trading, invest in good coins which can grow in future even if market falls for short time, do not trade on just one coin which can block your money.

[AakZaki]

@OP, at this point, you should be focusing more on learning trading concepts rather than chasing signal groups and playing with margin. Even if you've learnt a couple of stuffs, you still have a lot of ground to cover as far as trading is concerned. Fill your knowledge gap.

Also, I want to add that, as a software engineer, you should take trading as a second income. this way,  you won't go broke while you still explore the trading world. And when you you have some experience and knowledge up your sleeves, you can start putting some money from your software engineering career to  your trading account.

wise choice when trading is used as a second income, because trading will not guarantee someone gets rich quick. It takes several steps that must be done to be successful in the world of trading. starting to put in some money from a career or major job will help keep trading trading, but it must be remembered that the money invested must be adjusted. never invest all your money in trading, there must remain a reserve.