What do you really need in your trading?

[tradwra]

become full time trader 4 month ago, write own bot with various strategy.
now i trading in part time, follow the signal as reference in my trading.
in that case i have more time to do other things.
Social
Travel
...
just thinking how to resolve out the heavy work of trader.
an opportunity signal like an team member to interactive.
you will not feel alone in this hard journey.

[1714048674]

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[SquallLeonhart]

Only newbies might be tempted to get these signals not established traders, and this is the point made above.
When you don't know what you're doing it. makes sense to copy trading from others or use signals that people can subscribe to but when the market is so unpredictable can you even rely on others to pick up the right signals? I think not.

In my opinion, you can't call yourself a trader if you yourself don't have the ability to judge the market on your own, in this manner you'll never get it and wlil always have to rely on other at your own expense. Just doesn't make sense, specially if you're in for the long-term. Best to learn your own way, through good and bad.

You would think so, but unfortunately I have seen a lot of veteran trades who do end up buying or getting involved with these type of signal places even if not for actually getting trading info, they do it because they want to see and "feel" what the market is thinking.

Some of them end up with getting too much emotions involved after few signals coming correct, you see people making 10-20% profits in a week back to back for like 3 weeks in a row and you think it is sustainable and you end up joining them as well which could turn out to be the week they start being wrong instead of correct, or maybe you do make few weeks in a row profits with them as well then go in even bigger with them and end up losing. All I know is, veteran traders are not exempt from making newbie mistakes, they just do it much much rarely.

[coiner-88]

We build up those abilities and methods while we are on our way in exchanging, acknowledge of what we ought to do, or when we planned to exchange. Which to me won't be conceivable, on the grounds that nobody can be exact consistently, there are times you're actually going to make wrong examination, regardless of how great you may appear to be in specialized investigation and exchanging.

[Salauddin1994]

Yes you can never be successful without trading skills this will lead to more damage you need to learn the different trends of trading over time and follow the strategies of the trade market need to start with a little capital trading signals help the most in trading. The risk is less here and it is easier to determine the price of a currency if you can analyze the trends of trading signals therefore one's own knowledge and experience is most applicable in trading.

[AakZaki]

I have the same opinion but most people do not want to do this and this is because learning how to trade is hard, you will need to at least dedicate a year to learn how to trade and that is if you are dedicated if you are not you will need a longer amount of time and people do not want to wait that long, after all many of the ads they see over the Internet talk about all the money they can make in this market not understanding that money comes from other traders and the only way to obtain consistent profits is to outsmart other traders constantly and that can only be done if you know the markets better than they do.

What is needed is a process and the process takes a long time and cannot be done instantly, such as studying trading in order to understand where the market is going. Being a trader must be independent and not rely on other people. Although at the beginning of learning to follow other people's guidelines, we must have our own analysis.

Studying TA and FA is an obligation if you want to master the science of trading and it depends on the willingness and persistence to learn it.

[Etemind]

Thanks for sharing such a great information friend. I have been trading on my own for a month and have so many losses. I wish I will get a good profit following the signals provided on that website.

Using trading signals is a road to nowhere. You need to learn trading yourself and have your own good trading system. This is a difficult path, but the only true one. Experience comes over the years, there is no need to rush. This is the only way to become an elite trader

trading signal will make our skill and knowledge improved. we must learn about trading skill by our own if we want to survive for long time. following signal look interesting but dont forget signal provider actually same with us , they often suffered loss too. if consistent learn trading skill maybe 1 year enough to make us as profesional trader.

I agree with you  but it depends on the source. Some signals are made to hype also,that is to sell.Though  they are good indicator but it is still better to know in your own way so that you can confirm those signal.

[sambuddha]

Yes you can never be successful without trading skills this will lead to more damage you need to learn the different trends of trading over time and follow the strategies of the trade market need to start with a little capital trading signals help the most in trading. The risk is less here and it is easier to determine the price of a currency if you can analyze the trends of trading signals therefore one's own knowledge and experience is most applicable in trading.

You need to start trading on a demo account. This is the most important rule, I know it for sure) You need to open a real account on the exchange only after 1 year of trading on a demo account. Then trading will be enjoyable and profitable.

[Smartvirus]

What I need in my trading is patience. It's a virtue most persons and traders lack but then, if conceived, it could attract a lot of good fortune for the individual. I need patience in my trading in the sense that, after carefully doing an analysis, patience helps in guiding against loses as it enables you to identify key entry and exit signals or triggers before taking a position in the market.
It doesn't seem like a difficult task but, it has a way of playing with your emotions and before you realize what's going on, your fear is or greed is been laid bare and it's a problem. Developing so much emotions over a trade makes you so unstable in a trade and it's not an encouraged character at all.

[chip1994]

1st reason : they only give a Long or Short signal but do not provide the price to order.
2nd reason : Their signal is not clear so traders can consult carefully before ordering.  I mean Tradwra does not give technical analysis signals to users.
3rd: Tradwra also does not guarantee the safety of traders and also has no insurance package for them.
So I think that Tradwra is not a reputable signal channel and the risk will be very high for traders if they use Tradwra signals.
** I only express my opinion and have no intention of criticizing Tradwra. Thanks

[South Park]

I am having hard time staying calm with the actions itself, not the aftermath, which is really something rare and new because I wasn't like this. I have been involved with crypto for a long time now, and I have traded before, not a lot because I am mainly an investor but I have traded here and there time to time because it was fun plus I worked with a trading bot company before as well (sales) so I know one thing or two about trading.

However when it comes down to today, with all the uniswap and tokens and defi and many other trading using metamask, all of those scares me and confuses me and I can't stay calm. Unfortunately I have been doing not so well as a result. Hopefully I am going to keep insisting on learning, not focusing on profiting, and when I feel more comfortable I could maybe do better.

Then you need to simplify your system, forget about all of those coins and go back to the basics, trade bitcoin and maybe a few good altcoins like ETH and LTC and forget about the rest, now some may criticize this as you are out of the coins that have been the big gainers during the last months but if you cannot focus on what you are doing you would not have earned money with them anyway, it is better to just concentrate yourself on trading a small number of assets and then once you get your confidence back you can go back to those coins.

[KnightElite]

Thanks for sharing such a great information friend. I have been trading on my own for a month and have so many losses. I wish I will get a good profit following the signals provided on that website.

Using trading signals is a road to nowhere. You need to learn trading yourself and have your own good trading system. This is a difficult path, but the only true one. Experience comes over the years, there is no need to rush. This is the only way to become an elite trader

Trading signals can be considered as the initial point, because we don't get to see which cryptocurrency is moving high and low. Once we get to know about particular coin, we need to do our own analysis and make our further move. Here we need to be careful, because certain coins were under bot trading where we cannot do complete our trade. As said it is good to master ourself than depending on other services and signals.

I won't trust site for trading signals as well even those free or paid trading signal groups.
It will bring you to much more losses. Maybe if you do really want to try following them, just follow those free groups first.
And check out if it will really give you advantage in trading.
But better learn trading on your own. Start small and study also the coin you want to trade with.
You can get hints from their social media channels on what's going on with their platform.
Along the way, you will gain tips and strategies that you can use in other coins.

I do not use any kind of signals in my trading system because I'm earning consistently with the system that I built. What traders need is not a signal but rather an education that will guide them in order to become successful in their trading journey. The learning process should not be skipped and many traders are doing that because they do not want to get stressed and to spend most of time studying the price action and also the chart. Those traders who keep believing in signals are for sure they are the one who keep incurring losses because they do not have enough time to study by their selves. The two suggestions in the OP are not good for traders because it teaching the trader to become dependent to other. Copy trading can be considered as profitable but the thing is will you learn if you keep copying someone's trades? Of course, not and for me trading by yourself is the best strategy that a certain trader can choose in order to become profitable.

[Sterbens]

even if you claim that trading alone affects emotions, then it is a waste of time. I think you better not have to trade. I know that the options provided with the bot are very helpful. However, the true spirit of commerce and mentality is to trade itself. where when experiencing advantages and disadvantages that will be perceived knowledge and used as lessons. there is a special point. somehow it is clear that it increases pervasive knowledge.

In essence, trading itself is a traditional technique that is still superior (in my opinion as a trader).
back again with the tastes of each trader.

[Nellayar]

even if you claim that trading alone affects emotions, then it is a waste of time. I think you better not have to trade.

How come that it is a waste of time when you are affected by your trades? We should not stop trading just because we are affected by our emotions. Psychological attacks always happen around trading world. You can't escape from getting stressful because no matter how you are numb, you always look for the funds you have. If trading does not affect by emotions, there are no lessons we will get from it. Besides, using emotions sometimes will help us to prevent the future loss.

[dunfida]

1. Copy trading (High Risk)
2. Bot trading (Not under control)
3. Trading by yourself (Emotional influence, wasted time)

1. High risk indeed but some do see it a better way if they are lazy on studying up on their own.
2. Its for automation but there are some people do rely on it and just let the bot do its work.
3. Most suggested one but majority arent really that too patient on learning up things that can be worth for long term.

When it comes to tools needed then its already been supplied.It will only just differ on how people do make use of it for the sake of learning.

[abel1337]

What I need in my trading is patience. It's a virtue most persons and traders lack but then, if conceived, it could attract a lot of good fortune for the individual. I need patience in my trading in the sense that, after carefully doing an analysis, patience helps in guiding against loses as it enables you to identify key entry and exit signals or triggers before taking a position in the market.
It doesn't seem like a difficult task but, it has a way of playing with your emotions and before you realize what's going on, your fear is or greed is been laid bare and it's a problem. Developing so much emotions over a trade makes you so unstable in a trade and it's not an encouraged character at all.

Most especially if you are in long term trading, patience will be measured, I remember last time I have a coin and got panic I sell it immediately and then after some hrs it pumps, so I missed the ATH because I'm too nervous or something like you called FOMO, so aside from proper knowledge about a coin, we should learn how to manage our emotions as well because trust me, it will be measured and if you too soft you will sell a potential coin in low price.

[Danslip]

I don't think relying on bot trading or choosing AI-based trading will give a trader a big advantage within time. Maybe for short term trading using the trading bots is understandable but the long term traders don't care about the AI-based trading, in my humble opinion. Big institutional funds and hedge fund organizations actively use the bots and AI-based trading strategies for boosting the winning amounts because the traders on hedge fund organizations receive a yearly bonus depending on the profit/loss ratio.

[Xxmodded]

What I need in my trading is patience. It's a virtue most persons and traders lack but then, if conceived, it could attract a lot of good fortune for the individual. I need patience in my trading in the sense that, after carefully doing an analysis, patience helps in guiding against loses as it enables you to identify key entry and exit signals or triggers before taking a position in the market.
It doesn't seem like a difficult task but, it has a way of playing with your emotions and before you realize what's going on, your fear is or greed is been laid bare and it's a problem. Developing so much emotions over a trade makes you so unstable in a trade and it's not an encouraged character at all.

Most especially if you are in long term trading, patience will be measured, I remember last time I have a coin and got panic I sell it immediately and then after some hrs it pumps, so I missed the ATH because I'm too nervous or something like you called FOMO, so aside from proper knowledge about a coin, we should learn how to manage our emotions as well because trust me, it will be measured and if you too soft you will sell a potential coin in low price.

Either myth or fact, many events after the coin was sold, the price immediately went up, especially when we panicked and sold without seeing the prospect of the coin in the future so that the coin was sold at a low price, but a few moments later the price of the coin rose again. I often experience things like this when trading when the coins that I sell prices continue to rise, but vice versa, sometimes when the coins I want to buy the price immediately dumps. In the future, I will be more careful in buying and selling coins, if the coins have good prospects I prefer to hold for a while until the price goes up again.

[MI6]

Nice try in promoting that signal provider but I don't think it's necessary for the traders to have a trading signal service. First of all they wouldn't be able to gain experience or knowledge to that signal provider also in practice you can control your emotions so it would not affect your trading strategy.

[ningrum]

Yes you can never be successful without trading skills this will lead to more damage you need to learn the different trends of trading over time and follow the strategies of the trade market need to start with a little capital trading signals help the most in trading. The risk is less here and it is easier to determine the price of a currency if you can analyze the trends of trading signals therefore one's own knowledge and experience is most applicable in trading.

You need to start trading on a demo account. This is the most important rule, I know it for sure) You need to open a real account on the exchange only after 1 year of trading on a demo account. Then trading will be enjoyable and profitable.

Demo accounts will not help you if you want to learn to trade,
because demo accounts can be manipulated, and not according to the direction of the market,
it's better to use real accounts and deposits, you can learn chart analysis in tradingview.

[asus09]

I think first step how to start trading is need salary, without have salary we can't trade although now with the best moment and altcoin to buy. Big or little salary have impact how much profit will you earn, if you have much salary looks easy how to earn much profit with your trading. Then after have salary you looking for channel or update news with new coin potential to higher price, after getting an update you can analyze by your self and check later how to get much profit with trading, when the moment for buying and getting with the moment when have to sell.