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Author Topic: what do i need to be a successful trader ?  (Read 1678 times)
Mahmoud70 (OP)
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February 11, 2021, 09:55:25 PM
 #1

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?

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February 11, 2021, 10:21:25 PM
 #2

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



You need to develop your skills and analysis, once you become expert of different strategies in trading you won't fail in different situations. Learning stage isn't easy, patience and control of emotions is very important. Of course your self confidence always matter, everytime you deal with pressures and struggles in the midst of trading difficulties.

Mahmoud70 (OP)
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February 11, 2021, 10:27:32 PM
 #3

thank you for the advice
do you recommend anything else to add to my list?
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February 11, 2021, 10:52:07 PM
 #4

Experience.

With all of those having said, you need experience and you have the advantage already if you know those things. And to gain experience, all you need to do is to trade and apply all of those that you know.

You're already on your way to win some trades. You will encounter some losses and that's normal for a trader because you'll learn from those mistakes or losses.

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February 12, 2021, 12:33:31 AM
 #5

(.....)
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use 
RSI
MACD
stoch rsi
and volume profile
(....)
This list of lessons is already good. The only thing you should do is to master them.
Jossiel is also right, experience, you need experience that using those trading strategies/tools you mentioned.
Just master them first.
And addition, I think you forgot the most important in trading, risk management. Where risk management will help you to minimize your losses while maximizing the profits, it will help you to become a successful trader, trust me.
You can start with a small trading account size, with a small position size, you just need to practice first, it is okay.

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February 12, 2021, 01:40:06 AM
 #6

You also maybe want to try to take a look at other trader ideas, For example, if you go to tradingview and go to tab ideas. You will see a lot of people sharing their own ideas for trading. Example for crypto ideas that shared by some trader.
In there, some trader are sharing their chart, opinion why the coin will go high/low, etc. You will gain some knowledge or experience on there.

Note : Use it to gain knowledge only and don't follow their chart for trade without doing some research.

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February 12, 2021, 04:35:49 AM
 #7

You don't have to do anything except seriousness, and devote time monitoring the method of other successful traders, because spending time to learn will make you to develop to the extent those we feel are successful will be a learner and they will be willing to adopt your kind of trading style, i think interaction with traders will also add more development via trading.

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February 12, 2021, 05:20:51 AM
 #8

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



Yes, add "Patience" and "Timing" to it. To be successful in trading, you must know how to exercise patience and proper timing to execute trades. Successful traders do not just enter and exit trades at any time they feel like. They have mastered patience and timing as two important keys, likewise you need to learn patience and timing to be a successful trader.

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February 12, 2021, 06:07:39 AM
 #9

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


I think of all the things you need to learn the best one is planning and the execution of your trade plus the need to have a good risk management. There are no perfect analysis as well as indicators but if you have a plan on your trading that's the way to success and remember as well that you have to have consistency like how much is your risk to reward ratio most successful traders have this kind of strategy and I am adapting onto it as well.
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February 12, 2021, 06:46:35 AM
 #10

For me your good to go. You might be actually better than some traders after learning all of that. That includes me.  Grin

Patience, Understanding, and Experience are all you need.
Once you are in that wild trading exchange you will be different.
You might even go beyond forgetting what you learned and set up a new one.
Good luck.
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February 12, 2021, 07:52:44 AM
 #11

Do not be strict in learning a lot of chart analysis, trading is not a test of your ability to master the reading of charts, but rather the correct prediction of supply and demand, and thus the expectation of higher and lower prices.
Technical analyzes may increase your knowledge, but there are many factors to take into consideration.
Many altcoins have small market capacities and it is easy to change the price with a small amount of money.
Bitcoin is in a bubble state and prices are difficult to predict.

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February 12, 2021, 08:15:28 AM
 #12

The only thing to add I guess is to apply what you've learned, to see if it's effective or not, if not, then study more about Trading, but if it's effective, try to polish your skills even more. The main thing I could say to you to be a successful trader is don't feed your greed, like after a successful trade you'll make another trade even though you've hit your profit for that day, which could lead to a certain losses.

Don't stop reading books and watching YouTube tutorials. Don't ever be contented on a limited knowledge about Trading. Also, don't stop after a fee losses, that's normal in Trading.
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February 12, 2021, 08:24:33 AM
 #13

While it is good to know you have compiled some good skills for trading. I would like to say that success in trading especially short term trading comes with not just luck when you want to be consistent with getting gains.
I would advise you gain experience in looking not just at the charts, but at the external effects that have influence on the market of each coin.
Bitcoin is totally out of the game here for me. That because it has a lot of these external effects which could easily influence its price.

Generally, be close to information. Verifiable early information. And have guts.

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February 12, 2021, 09:17:47 AM
 #14

Better not be greedy when trading mate, that is one of the aspects you need to have when trading. You could also use some Trading algorithms like Mudrex. This could make your daily trading easier.

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February 12, 2021, 10:36:20 AM
 #15

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



All of this will be wasted if you don't have emotional control so best to have discipline first before stepping up on your trades, you have good things to learn there on your post but remember this always stick to your plan and don't do short cuts since if you disobey what you plan to do on your trades there's a huge possibilities that you will lose. Also always grab the latest news on the market condition since it will give us a hint on what will possibly happen.

R


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February 12, 2021, 10:51:18 AM
 #16

If you already learn many things related to trading, you need to practice because if you do not practice, that will be no use for you. By practising the lesson, you will get experience in trading, which can be your sign to understand the lesson or need to learn more. The more we can learn and practice, the more you can improve your skills which you can use for your trading. Besides learning more about trading, you need to learn about controlling yourself because you will face the conditions that the market will be unpredicted.

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February 12, 2021, 11:53:10 AM
 #17

You got pretty great lessons up there. However, just getting lessons is not enough; you need experience too. Getting an experience is solely based on one thing, you need to jump into trading yourself. Check whether you are really getting feel of your lessons. Whether your predictions come out true to the point as you learnt before. This will testify your skills and will let you know whether you are on the right page or not (!)

I don’t think anyone get this much lessons before netting into the crypto trading. It’s good that you have started yourself with big bulls. Smiley
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February 12, 2021, 12:00:08 PM
 #18

~~
All of this will be wasted if you don't have emotional control so best to have discipline first before stepping up on your trades, you have good things to learn there on your post but remember this always stick to your plan and don't do short cuts since if you disobey what you plan to do on your trades there's a huge possibilities that you will lose. Also always grab the latest news on the market condition since it will give us a hint on what will possibly happen.
If the OP has some skills like those mentioned in the list then I think it is a good thing that from an early age they have implemented such a system and I am sure that rarely other people use this method will keep it back to the OP who actually how to do it with the right conclusion.

It is true that control is very important especially with the plans that have been made, therefore discipline is the main thing, sometimes people like to be careless with profits in sight, they will still want more because market conditions are difficult to guess, now that makes us lose sometimes this will be profitable but with the target that has been planned it is the best.

R


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February 12, 2021, 12:49:11 PM
 #19

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


You already have the tools to have a good trading output. What you are going to do now is to engage more in trading(experience), you need to know yourself if these tools are really effective or there is a need to remove some. Actually, I'm not using all these things as I was considering most on the candlestick, volume, and most of all, I rely on my instinct.

And also, you don't need to worry about committing mistakes coz this will help you a lot to improve and develop the part in which you are less effective.

R


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February 12, 2021, 12:56:31 PM
 #20

Of course I want to tell you that the first thing you need to do is if you have a friend or someone who is trading, then of course I think you need to get some idea from them because it will give you a little more idea about your trading.  Loss You must have an idea of ​​how to train in a successful way without any loss because this is how we can train without a very important subject. I think you must work hard.
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February 12, 2021, 04:35:29 PM
 #21

You need to develop your skills and analysis, once you become expert of different strategies in trading you won't fail in different situations. Learning stage isn't easy, patience and control of emotions is very important. Of course your self confidence always matter, everytime you deal with pressures and struggles in the midst of trading difficulties.
Yeah, I can't believe people think that just because they learned about TA they could become a good trader. This way you could potentially make small but sure tiny trades that would make you tiny profits here and there, or maybe even a bit bigger profits if you are ever lucky, but it is not going to be enough, that is not going to make you rich neither.

The reality is that if you end up trading into something that is profitable in the sense that you make 5-10% per trade and you think you can keep doing it, that will be rare and not constant, not sustainable, you can't make 5-10% profit per trade for many times a day for many days and years, if you were capable of doing that, you would have been world's richest person in a year even if you started with 100 dollars. So smarter decision would be to learn TA of course, but also try to see what the public opinion is and go in with courage to things you like as well.
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February 12, 2021, 04:44:08 PM
Last edit: February 12, 2021, 07:09:54 PM by isaac_clarke22
 #22

~
Quite disappointing that some people here didn't read the OP's questions and just straight up reply after reading the title.

@OP
Those are a lot of technical analyses you learned. Now on to the next part, how will you actually use them in real-life situations in trading.
That's where your "learning"  gets tested. It's like learning how to strum guitar and play different notes then you'll use those learnings to make music.
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February 12, 2021, 05:35:48 PM
 #23

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


Better but not really that necessary to know all of those yet this will really be giving a headache if you do apply these indicators on every single chart you would tend to look for.
Also, dont stick with technicals too because there are instances where fundamentals would also play a big role into this market but if there were none then majority mostly
being using technicals which is helpful but in my case i do only make use of support and resistance line ,trend lines and RSI and with some mix of EMA.
This is already enough for me but you can still make use of these things if you wanted to as long it can really be effective into your trade then it doesnt really matter
on how many of it you will make use.

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February 13, 2021, 08:40:17 PM
 #24

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile
I think anybody can still learn these things and not be able to implement what they have learnt, so that means you still don’t have the skills. You have to do some practice if you believe that you have gotten full knowledge on how all these things works, because practice they say makes perfect. So, you have to keep doing it till you have gotten it 100% perfect.

Sometimes there are people who will learn these things but they will still need someone to put them through before they can have full understanding of what it’s all about. So if you try doing it and you seem not to be getting it perfect, you can still request for the help of an well experienced expert.

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February 13, 2021, 09:15:39 PM
 #25

Make sure if those strategies and indicator match with your trading fashion. That is the best part in a trading field, it will be useless if you learn and force yourself to like a strategy but in fact you don't like it then it will make lose your money.

Also, you need another factor beside it. Yeah, you have to learn about psychology trading. Remember in the trading field there are three factor that important, mind, money, methode. If you have these three factors you can enjoy what you want.
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February 13, 2021, 09:19:00 PM
 #26

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?

*what you learn is only the theory of trading...
Trading is not an exact science that can only learn theory, it takes a strong mentality and also careful analysis to be able to make a profit. It has been discussed hundreds of times in this thread that theory must be mentally balanced so that you can make the right decision to sell or buy.



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February 13, 2021, 09:31:47 PM
Last edit: February 15, 2021, 11:13:07 PM by seleme
 #27

A successful trader is the trader who can make money and get REKT less frequently. The technical analysis is not as important as you mentioned in the first post, the combination of fundamental, technical, sentimental analyses are very important for being successful in trading.

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?

*what you learn is only the theory of trading...
Trading is not an exact science that can only learn theory, it takes a strong mentality and also careful analysis to be able to make a profit. It has been discussed hundreds of times in this thread that theory must be mentally balanced so that you can make the right decision to sell or buy.
The mental side of trading is important too but there are more important things before the mental side of the trading. The profit is the last part, the risk control and money management parts are more important if the trader wanna to get more profit with minimized risks. Selling financial assets with margin trading is a dangerous game and it is called double edge sword for the mentioned reasons on this thread.

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February 14, 2021, 06:23:41 AM
 #28

Of course I want to tell you that the first thing you need to do is if you have a friend or someone who is trading, then of course I think you need to get some idea from them because it will give you a little more idea about your trading. 

That should no way be the very first thing you'll need to become a successful traders, we have professional today that started without having anyone to mentor then physically beside we're in a time where all the mentorship you need can be gotten from who even your adore from the comfort of your home through visual or voice platforms. The very first thing you'll need is determination back by willingness to learn and take corrections.

Trading has more to do with experience, as the time goes by you'll perfect whatever strategy you're working on if you stay focus and not get distracted by all the distractions the market has. If you deployed your strategy and work on them, with time you'll become a professional in that area.

Why many traders fail is because of greed and lack of determination to succeed as a trader, they come in to make money but fail to learn along the way.

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February 14, 2021, 06:50:48 AM
 #29

A successful trader is the trader who can make money and get REKT less frequently. The technical analysis is not as important as you mentioned in the first post, the combination of fundamental, technical, sentimental analyses are very important for being successful in trading.
But only a few people could manage to do it and that is a reason why many who tried trading will fail. I may not call myself a successful trader as I don't have any impressive results to show and I only have limited knowledge in TA but the good thing is that I was able to make money by just using my guts and relying on the candlestick.

maybe there is a thing I need to improve but as the situation given to us, and that I feel confident to continue by using what I learn base on my experience, I think this was enough.
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February 14, 2021, 07:43:38 AM
 #30

Its all about the your skill with Technical analysis and not sleeping most of the time
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February 14, 2021, 07:53:14 AM
 #31

To be a successful trader you need to make profit most of the time! And if your successful rate is over 70-80%, that is a success!
How to make profit all the time?! It's the tricky part, you can use any tool you want, you can read related news, you can check what others think and their predictions... but in the end it's up to you how process information, your conclusions, and in the end your final decision!
So what's important is to find your own ways, in terms of information processing and choice of trading strategies! Of course before everything you need to learn about bankroll management! After all, your success will depend on your capital and how you use it!

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February 14, 2021, 11:42:03 AM
Merited by Sled (1)
 #32

A successful trader is the trader who can make money and get REKT less frequently. The technical analysis is not as important as you mentioned in the first post, the combination of fundamental, technical, sentimental analyses are very important for being successful in trading.
But only a few people could manage to do it and that is a reason why many who tried trading will fail. I may not call myself a successful trader as I don't have any impressive results to show and I only have limited knowledge in TA but the good thing is that I was able to make money by just using my guts and relying on the candlestick.

maybe there is a thing I need to improve but as the situation given to us, and that I feel confident to continue by using what I learn base on my experience, I think this was enough.
I would love your comment because you are an honest person when you talk about your experiences in trading, you accept yourself as a very ordinary trader and nothing stands out, talk about limitations but in return, you keep growing on that experience, I believe you will soon become a successful trader while others talk about techniques, very common problems, they never succeed and what they say is just theory. If someone asks me about this question, I can only say that they need to create their path, the surrounding experience is just the basis for the development, not the path they need to take

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February 14, 2021, 11:51:03 AM
 #33

Kindly use a Trading Plan, Exert effort and always think that Trading Like a Business, protect Your Trading Capital, study the markets and most especially invest what u can afford to lose!  Want to trade profitable with crypto? ETH is the best choice!  
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February 14, 2021, 12:54:13 PM
 #34

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



1. Discipline - This is one of the fundamental attributes that a trader "MUST" have. Though discipline can be nutured by;
2. Experience - By gaining this, you can adopt to the sudden changes in the market and trading environment.

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February 14, 2021, 02:08:16 PM
 #35

snip~
But only a few people could manage to do it and that is a reason why many who tried trading will fail. I may not call myself a successful trader as I don't have any impressive results to show and I only have limited knowledge in TA but the good thing is that I was able to make money by just using my guts and relying on the candlestick.

maybe there is a thing I need to improve but as the situation given to us, and that I feel confident to continue by using what I learn base on my experience, I think this was enough.
I would love your comment because you are an honest person when you talk about your experiences in trading, you accept yourself as a very ordinary trader and nothing stands out, talk about limitations but in return, you keep growing on that experience, I believe you will soon become a successful trader while others talk about techniques, very common problems, they never succeed and what they say is just theory. If someone asks me about this question, I can only say that they need to create their path, the surrounding experience is just the basis for the development, not the path they need to take
I don't want to think I was really good at trading, I'd rather have to keep myself innocent and empty when talking like this and this gives me a reason to improve rather than having too much confidence. I know there are a lot of trading tools and strategies that exist but this only gives me a headache and not able to use them in real life.

In fact, this will not measure if you are a successful trader because you have them all, but it was referring to how much we achieve. And I notice that it is more effective and has efficient results if we are focusing on 1-2 trading tools.
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February 14, 2021, 03:00:43 PM
 #36

Of course I want to tell you that if you want to be a full and successful trader then you must take training from a good friend about trading before you can work in online market so that you can easily trade and train a good amount.  You can change your position so that you can improve to the best of your ability and you must be trained to be a perfect trader.
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February 14, 2021, 03:07:11 PM
 #37

And if you don't have experience in advance, I would start with little positions and then go increasing them gradually at the same time you gain some experience in trading.

Of course, another thing that you need to be a successful trader is to invest the money you don't need and you wouldn't mind to lose. If not, you'll finish making some bad movements due to the pressure of not being able to suffer more loss, and you could end up liquidated.

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February 14, 2021, 04:12:56 PM
 #38

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



I think theoretical things only look beautiful in book but if you want to be a successful trader you must need practical experience. So you should go for small amount trading to take practical experience or you can go side by another big traders who can give you teach from his practical experience. In my life i lose may money to see the book trading but fail to implement as practical market not the same as book market. This is only assumptions.
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February 14, 2021, 05:17:37 PM
 #39

The fact that the OP has already learned the theory before starting trading is very good. Most beginners immediately try to start trading on the stock exchange, using the margin, without having the knowledge and experience to do so. And after they lose their deposit, they start learning the theory.

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February 14, 2021, 06:32:00 PM
 #40

According to your Original post what actually you already learnt is really a fantastic job. And generally most of the beginners don't try to learn them. So It's a plus point for you.

Btw you almost learnt the technical things, but Psychological things also important for to be a good trader. So I will say among with the technical things, increase your psychological power, control emotions, don't be panic, and always keep confident on you analysis. Good luck

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February 14, 2021, 07:05:32 PM
 #41

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


You can make money with almost anything that you posted above, just pick one and stick to it and become an expert on it, however the thing that you are really missing is money management, many people do not really like it because it's boring and it kind of limits what you can do and how much you can invest in each market but that's the whole point, this market can be extremely dangerous if you take a risk that is too high, money management is there to prevent that and to help you survive the times when the price is going down, so learn everything you can about it before you make a single trade.
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February 14, 2021, 08:49:33 PM
 #42

you've learned a lot about indicators. If you can master all of them you are extraordinary. you only need to combine all the indicators you learn and be adapted to your trading way. Because all indicators are good if you master them. Not only learning indicators, but psychology and money management are very important to make your trading work according to the strategy.
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February 14, 2021, 11:10:59 PM
 #43

Op has already learned a lot but the problem is, how the OP applies this when OP is in a trading position.

There are no successful traders, even long experienced traders also encounter massive losses because we know that the market is unpredictable, those Op mentioned is just a tool but not give assurance that will result accurately, there is no guarantee that you will be able to have profit because you have learned a lot regarding technical analysis and other theory that he meant.

What do you need? accept all consequences, and don't let it will happen this next.

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February 14, 2021, 11:11:33 PM
 #44

Quote
what do i need to be a successful trader ?
Luck?

Sorry, but I can't see how skills will help you in an unpredictable market. Let's say you sell some btcs today expecting to buy again tomorrow or so cheaper to repeat the process, but instead bitcoin's price rise and you end up with loss by buying more btc. What means you would make more profit by being a holder instead a trader.

That is why I think the trading activity isn't sustainable.

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February 15, 2021, 04:00:41 AM
 #45

Becoming a successful trader can be quite hard but as long as you have the determination to be one then you're one step ahead of that dream. It's nice that you're investing enough time to learn the basics, that's an important take in becoming a succesful trader and of course you should have good resources to understand the complexities of crypto trading.

Since it's not a secret that crypto is completely volatile after seeing BTC and the other superior alts, you have to understand that volatility is an important measure of risk, which can help traders make a fortune.  In-depth knowledge and analysis are crucial to help crypto traders develop a consistent trading strategy. After all, consistency is the key to success! Analyse your moves, learn from your mistakes, and focus on your long-term success instead of quick profits.
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February 15, 2021, 10:25:33 AM
 #46

snip...

There are many factors you need to learn as a trader first then you can go for trading. Enough knowledge about trade, signal, technical analysis should be needed to know about trading. When you should invest or not, it is the most important thing in crypto. Gather enough knowledge so that you can give signal to others then you may be considered as a trader and you can be successful soon. I just highlight your knowledge here.
Knowledge and skill, then application. We only know if we are successful if we are doing it. The results tell what we are doing, either be right or wrong, or there is a need to improve.

Honestly, we can't have them all in trading. TA's, candlestick reading, not all of us are into this, but it is important to learn this in order to have a good trade. We can't learn this for one day, a week might be possible but what it gives us more learnings about this is to familiarize the coin we are going to trade. More experience, more problems to encounter but in the end, we are getting better.

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February 15, 2021, 10:47:48 AM
 #47

don't join pump and dump group. Well said, i have groups of newbies that found little pleasure in trading the crypto hoping they will be favored because of a few days successful trades. the worst is that they always claimed that they are more experienced than everyone and the community behind them is huge. the crypto market has grown and now worth over 1.5trillion. whoever engaged in such pump and dump group will loose especially if you trade tokens with a billion dollar marketcap.

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February 15, 2021, 02:25:00 PM
 #48

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



Wow, what you've learned is good. In my opinion, it is true what is in the suggestions that have been given. Good experience and risk management, which if you learn it will benefit you greatly.


and I just want to add a little to my advice which is time management, although it is a minor thing according to some. Time management should be very necessary. We can increase the hours spent studying to become experts in our passionate fields and managing your time effectively can directly reduce your stress levels. In addition, time management can increase self-discipline.
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February 15, 2021, 03:41:52 PM
 #49

If you have mastered technical things, it is actually very good, next you need to trade a lot with small capital first. For gaining trading experience,
after that learn to control emotions. Because if our emotions are out of control when trading, technical skills that you have can be wasted. The last
thing you need is to always be confident in the results of the analysis that you have made. Don't be influenced by other people's opinions, because
not necessarily other people's analysis is better than our own analysis.

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February 15, 2021, 03:45:42 PM
 #50

I am inclined to believe that one classical technical analysis of patterns is enough. Well, perhaps learn a little more about Wyckoff Theory and VSA.
     There is no need to focus on technical analysis. I believe this is an auxiliary tool. Secondary tool. The main thing is to learn how to analyze the life of a crypto project. Learn to see the prospects for future events. This is much more important than technical analysis, believe me.
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February 15, 2021, 04:47:41 PM
 #51

First, you have to understand the market system and strategies. You should have tried to study and experiment on that. In the crypto market, one should alert more and more, and in digital currency, everything just not depends on only experience or luck. But this is true, to be a successful trader you must work hard.

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February 15, 2021, 06:01:36 PM
 #52

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?




Yes, you have to add some more thing.  Like you have to be focused. You have to keep your mind relax. Plus always you have to stay in learning period. You learned lots of thing well thats a good thing. It will help you alot for your journey. But you have to keep remember this crypto is future trading is just a part of this. In upcoming year lots of new things add on this. Lots of development we will be see on this that is why we have to follow trend to maximize our profit. So that is why we always have to stay in a learing period. Best of luck for your trading journey.
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February 15, 2021, 06:23:44 PM
 #53

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


I think this the Era of Digital currency. Everyone can start work from home to increase his income. But study of coin its history ,maps, flowcharts, market index all are very important.
it is also said "No risk No gain". So this also a task of courage and risks. you should have the dare and determination  for trading. Having all these qualities you will be a successful .

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SirLancelot
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February 15, 2021, 06:46:13 PM
 #54

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?
These are all great technical analysis but you have missed one important part of crypto; everything is about luck.

Why luck plays such a huge role in crypto? Because it is not a company so the price is not tied to anything, on a regular company you could have profits that causes the prices to go up whereas in crypto everything is based on what people want. And at the end of the day we are not entirely tied to anything that would help you with TA, sure it is a helper but it is not 100% connected to it.

This is why do your TA but know that anything unexpected could happen, some rich person could buy 1+ billion dollars worth of bitcoin and increase the price when TA says it should go down, or some rich bitcoin whale could sell 50k+ bitcoin in a second while TA says it should go up. This is not common, it doesn't always happen that way, but you should be ready for those anyway.

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February 15, 2021, 08:22:06 PM
 #55

should I add anything to this?
What you need to add is basics because from what I can see you know more than what average traders know and some features you mentioned even I am not aware of them. What you need to add to your trading is things like panic control and avoiding greed because in crypto trading specially you need more of these kind of traits than advanced knowledge which you mentioned.

Maybe in stocks market the tactics you mentioned are important but really from what trading I have done and learned in years I have seen that what really makes me profitable is just knowing the right time to sell and hold. You can be a successful trader just by selling and buying coins at right time, these indicators and features you mentioned might help further.
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February 15, 2021, 08:53:02 PM
 #56

^ OP has almost everything as a successful trading knowledge has, the problem that I see here is how to apply when Op was in the trading field. All of these mentioned by the OP is good and having a trading plan is always good that you are potentially follow the right path and lead to success.
The first thing to consider is your physical and emotional behavior, you must ready for it when you are stepping in trading. Mental preparation and trading preparation are always considered to achieve your goals, but this does not mean this has a guarantee to become successful in trading and it will probably boost your confidence while in trading.
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February 15, 2021, 09:14:03 PM
 #57

Here are some of the things you need, to become a successful trader:
Observation: For you to become a successful trader in any market you find yourself, you must learn how to observe the strategies the successful traders are using in that particular environment.
Information: You must be focus, in all information that is coming from the right channel concerning Market price, if it is good to trade and make our good profit or not.
Time: You must be focus on time, when to trade and when not to trade in the market. It is good to look at time before you invest, to enable you to become a successful trader.

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February 15, 2021, 09:22:30 PM
 #58

I have always learned that patience is the key to success and it pays off when you can hold longer. A friend of mine told me few days ago that if I would have kept eth till now that I bought for $1 a coin in 2015 and had 100 coins, it may have given me 1000x in profits but I sold it for $10 per coin in 2016, so no 1000x for me but just $1000. Trading costs time, very long time because these assets were worth nothing because no recognition was there, and now cryptocurrencies are seen everywhere.
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February 15, 2021, 11:05:42 PM
 #59

I have always learned that patience is the key to success and it pays off when you can hold longer. A friend of mine told me few days ago that if I would have kept eth till now that I bought for $1 a coin in 2015 and had 100 coins, it may have given me 1000x in profits but I sold it for $10 per coin in 2016, so no 1000x for me but just $1000. Trading costs time, very long time because these assets were worth nothing because no recognition was there, and now cryptocurrencies are seen everywhere.
I can't really imagine holding for more than 10 years. You are selling it at $10 for each coin, that was big enough profit you'll take. I'm not sure if your friend is in crypto and he knows how volatile we are, coz if that he only knows that, he might be selling first than you Grin.

Anyway, there is no way to make sell at a perfect time. The reality is that no one could hold that long especially when you are checking the market everyday. Every uprising trend could somewhat be a temptation, it might possible we gonna sell our coins for we are worried about what if it drops?

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BuNga_cute
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February 15, 2021, 11:20:17 PM
 #60

I admit that the opening post already has good trading skills, by mastering all things about technical analysis is actually enough to be able to get
profit from trading. But indeed to become a successful trader several other factors are needed. Such as experience and capital management,
without such experience it is difficult to make the right decision. And without proper capital management it can cause you to lose your capital when
trading. Sometimes the crypto market movements are difficult to predict. Therefore, relying solely on technical analysis skills is not enough to make
you a successful trader.

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February 15, 2021, 11:25:57 PM
 #61

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


If you're good with all this, then you can start experimenting with small fund. In a short you'll get to know how effective is your trading skill, and you'll get better understanding how your learning based predictions were getting coincidence with the real market. There is nothing like successful trader, because every trader would've experienced loss and have learned something from the same.

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February 15, 2021, 11:58:05 PM
 #62

I have always learned that patience is the key to success and it pays off when you can hold longer. A friend of mine told me few days ago that if I would have kept eth till now that I bought for $1 a coin in 2015 and had 100 coins, it may have given me 1000x in profits but I sold it for $10 per coin in 2016, so no 1000x for me but just $1000. Trading costs time, very long time because these assets were worth nothing because no recognition was there, and now cryptocurrencies are seen everywhere.
You still took the profit by that time. It's just we will never know what will happen to the coins that we've bought but if you have gained already on that coin, it's for you to decide if it's time to sell or you're just going to keep it and think that it will grow as the others that have grown that much today.

Patience is part of investing for both investors and traders. But traders are losing it more whenever they have a certain goal of profit within a day. And being successful defines you, how much patience you've put into it.

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February 15, 2021, 11:58:38 PM
 #63

Being a successful trader is a tough one for you basically need to learn from the basics before you get yourself into applying all of those that you have learned and get into familiarizing how the market works even the odds are present and make a way to make things favorable into your part. Being a successful trader is not always about gaining profit but also learning lots of things while you do your trades because trading is not just a one day or one night learning but it is a commitment as long as you do trading. Being a successful trader is a difficult one to attain for you will always be challenged every time you do trade so you must build up not just your capital but as well as your intellectual capacity and your skills to be able to survive this industry.

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February 16, 2021, 12:30:51 AM
 #64

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



Easy. On average, those who do not trade lose less than those who do. Or you can join a cult of players with +EV (arbitrage trading, market-making). And trying to outrun established players (and artificial intelligence) is like trying to outrun a racing supercar, remember that.

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February 16, 2021, 12:57:06 AM
 #65

I always agree with the concept of patience in trading and investing. Of course this op already has too, because I see all the OP mentioned is an opportunity for anyone to get success if we implement it. But indeed in crypto trading sometimes all the principles that we have done, do not always make success continuously. But keep trading and investing in crypto because whoever can survive, that's what can make a success.

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February 16, 2021, 03:57:07 AM
 #66

You have to have an idea about trading you have to wait a long time to become a successful trader by investing. It is not possible to predict exactly when the currency will rise many people do not have the patience to wait long, so trading can be a successful trader but before that you have to learn the techniques of trading and start with small amounts it is possible to achieve success and become a successful businessman. As easy as it is to earn in crypto there are many risks if you do not use the right principles.
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February 16, 2021, 09:10:24 AM
 #67

I am not a good trader but I think that if you want to be a good trader you need to try to learn and gain a lot of experience.
The cryptocurrency market often operates on news, so the ability to analyze the news is very important.
Oh yeah for sure, no matter how many skills you have under your belt but you cannot learn or buy experience and that's the best part about trading. Having good and bad experiences in trading means you will react better next time under the same circumstances. I consider myself as an example, I used to get in depression earlier when bitcoins price was fluctuating but now with times I have learned to remain cool and laugh at the people who panic and that has come with time and bad experiences.

First, you have to understand the market system and strategies. You should have tried to study and experiment on that. In the crypto market, one should alert more and more, and in digital currency, everything just not depends on only experience or luck. But this is true, to be a successful trader you must work hard.
Given how many things he already mentioned in the OP, I think he knows about working hard and those skills he has learned are the product of his hard work. I never heard about EW theory until today and I am now going to see what it is and how it works. He might be a newbie here but looks like he knows more than most of us about trading Smiley.

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February 16, 2021, 12:43:13 PM
 #68

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



As most ppl already said, get experience. My advise would be to start with an demo account, so your early mistakes (and there will be mistakes), do not cost you any money. Get a safe environment where you can try out different stuff, make sure you journal your thoughts behind every trade and review your journal once a week. that should give you a leap into the right direction! That goes for every ticker, not only BTCUSD
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February 16, 2021, 01:31:29 PM
 #69

should I add anything to this?

In order to become a successful trader and get a profit from this, you must first learn not to lose your money. If you can apply your knowledge, you will gradually begin to make a profit from trading. And it will increase commensurate with the experience you gain.

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February 16, 2021, 02:46:29 PM
 #70

I have always learned that patience is the key to success and it pays off when you can hold longer. A friend of mine told me few days ago that if I would have kept eth till now that I bought for $1 a coin in 2015 and had 100 coins, it may have given me 1000x in profits but I sold it for $10 per coin in 2016, so no 1000x for me but just $1000. Trading costs time, very long time because these assets were worth nothing because no recognition was there, and now cryptocurrencies are seen everywhere.

We'll have these saying that "patience is a virtue" which of course applicable in any areas in crypto world. And this is what i have also learned by trading and even trying to pursue a goal of generating profit with these because to be honest it isn't easy to get what profit that you want in cryptocurrency. Though there isn't a hundred percent assurance of getting what you have prayed for but once you learn the techniques you will get what you have sacrificed.

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February 16, 2021, 03:04:47 PM
 #71

The fact that the OP has already learned the theory before starting trading is very good. Most beginners immediately try to start trading on the stock exchange, using the margin, without having the knowledge and experience to do so. And after they lose their deposit, they start learning the theory.
Yes, I am impressed he knows so much about trading and still has the heart to learn more and ask the community. If I was so knowledgeable I would be rather trying to teach others instead of asking to learn so that is really nice of him. Margin trading you mentioned, is really dangerous and one should only jump into margin trading if they know how risky it is and remember you earn faster but you lose even faster.

Btw you almost learnt the technical things, but Psychological things also important for to be a good trader. So I will say among with the technical things, increase your psychological power, control emotions, don't be panic, and always keep confident on you analysis. Good luck
Well said because one can polish their outer qualities and still lack because they haven't mastered their inner qualities. An investor with a big heart and trust in Bitcoin who invested in 2018 might be crying of joy just because of their control over emotions and ability to not panic in tough times while a trader who knows all the charts and everything might have sold them given how rough times we have been through.
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February 16, 2021, 05:14:04 PM
 #72

You have to have an idea about trading you have to wait a long time to become a successful trader by investing. It is not possible to predict exactly when the currency will rise many people do not have the patience to wait long, so trading can be a successful trader but before that you have to learn the techniques of trading and start with small amounts it is possible to achieve success and become a successful businessman. As easy as it is to earn in crypto there are many risks if you do not use the right principles.
It is harder to do that when the market is acting right in front of you, a lot of people want to do that but they fail because market moves very fast and a lot of people make profit while you do absolutely nothing. So, it is not easy to find enough patience to actually do nothing but study and learn for months, practice, and even maybe try with small amounts all while watching people make 10x profits during that same period.

Hence a lot of people get in with very minimal information, and they try to make changes like crazy, and in the end they end up absolutely nothing at all because they acted too quickly. Basically it is not that complicated but at the end of the day it is hard, sometimes easiest things in life (like not trading while you are still learning) are harder to do then actually say.

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February 19, 2021, 01:18:27 AM
 #73

Quote
what do i need to be a successful trader ?
Luck?

Sorry, but I can't see how skills will help you in an unpredictable market. Let's say you sell some btcs today expecting to buy again tomorrow or so cheaper to repeat the process, but instead bitcoin's price rise and you end up with loss by buying more btc. What means you would make more profit by being a holder instead a trader.

That is why I think the trading activity isn't sustainable.
I will have to disagree with you there, you do not need luck what you need is a strategy that is complete and that over the long term is profitable, I know that this seems to be not possible but it is, what happens is that people have completely mistaken expectations out of what trading is, they think they're going to win all the time and as you say the unpredictable nature of the market is not going to allow that, but as long as you have very strong money management skills and you are able win slightly more trades than the ones you lose then you will earn money.
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February 19, 2021, 03:17:32 AM
 #74

should I add anything to this?

In order to become a successful trader and get a profit from this, you must first learn not to lose your money. If you can apply your knowledge, you will gradually begin to make a profit from trading. And it will increase commensurate with the experience you gain.
Sometimes when people get too greed people can't even control its emotion and lose all money from trading people can learn from their mistake from losing money that the way they become wiser in the future, Since all this skill he had can be easily  applied when he had information from other traders too because he had the advantage already even though the coin market is too unpredictable all he need is time , patience , communicate with other group exchange information which coin is going up or got dump in instance and most of all set a profit goal.
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February 19, 2021, 08:19:02 AM
 #75

i guess you came here and ask that question because you find yourself loosing and you think your not a succesful trader yet ? but how long you are using all of that  .

 if your using that for a short time you need to extend and use them further before giving up because what your lacking of can be practice .

with all of that methods that you learned on trading  i dont think there are still methods that you have missed because that are already alot  .
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February 19, 2021, 12:38:52 PM
 #76

should I add anything to this?

In order to become a successful trader and get a profit from this, you must first learn not to lose your money. If you can apply your knowledge, you will gradually begin to make a profit from trading. And it will increase commensurate with the experience you gain.

What you said is right, most people are in a rush to make profits through trading and it will not help them to make a profit easily through trading. In the crypto market, trading coins are easy, but their prices are unpredictable, which need to be very careful about which coin we are choosing for investments.

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February 19, 2021, 12:50:34 PM
 #77

should I add anything to this?

In order to become a successful trader and get a profit from this, you must first learn not to lose your money. If you can apply your knowledge, you will gradually begin to make a profit from trading. And it will increase commensurate with the experience you gain.

What you said is right, most people are in a rush to make profits through trading and it will not help them to make a profit easily through trading. In the crypto market, trading coins are easy, but their prices are unpredictable, which need to be very careful about which coin we are choosing for investments.
And that is not to wonder why they keep losing, they would like to claim that this strategy not working but deep inside, they are the ones who are incapable of doing it. 
If we would like to win this challenge and to proclaim ourselves being successful, we definitely have to change and see's what is wrong with our strategy, pointing out our mistakes and have to correct them. These tools that OP had mentioned, can be useless if we don't know how to use them.

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February 19, 2021, 01:28:53 PM
 #78

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


Learning by reading is one thing and learning by practice is another. You got the basics (and more) covered so the next natural things is to try these out on your own. And, of course, don't forget about stop-losses.
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February 19, 2021, 03:43:56 PM
 #79

What you said is right, most people are in a rush to make profits through trading and it will not help them to make a profit easily through trading. In the crypto market, trading coins are easy, but their prices are unpredictable, which need to be very careful about which coin we are choosing for investments.

In a bull market, it is very easy to learn how to trade and still make a profit. The current situation is similar to what it was in 2017, when any coin bought the day before, the next day brought a profit. But this will not always be the case, at some point the market will turn in the other direction and you need to be prepared for this.

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February 21, 2021, 09:28:31 PM
Last edit: February 22, 2021, 03:48:06 PM by MWesterweele
 #80

And that is not to wonder why they keep losing, they would like to claim that this strategy not working but deep inside, they are the ones who are incapable of doing it.  
If we would like to win this challenge and to proclaim ourselves being successful, we definitely have to change and see's what is wrong with our strategy, pointing out our mistakes and have to correct them. These tools that OP had mentioned, can be useless if we don't know how to use them.

Greediness to earn as much as you can while the effort and your skills doesn't suit to what the crypto needed then you can be fall to the trap of unsucceeded trading. Patience always lead to a good result and waiting isn't boring if you did right while trading expect that you may get of what are you trying to work hard for. Also, trading wasn't easy as it seems, being a trader has the essence of having your own techniques and characteristics, patience, skills and time so you can be successful on your attempt trading.

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February 21, 2021, 09:53:05 PM
 #81

should I add anything to this?

You learned a lot and now really can give everyone advices how to trade correctly. But before doing that try theoretical material on practice; otherwise it will be just a theory forever and you will never understand how everything works.

Well, learning is very easy to achieve, but the problem is how to apply such knowledge that you had learned.
For me, there is nothing much more important is to have experience in trading, the more experienced you had the more you will become successful in trading. We cant call ourselves an expert because we will have a possibility to have a loss by our own mistakes, perhaps emotions or wrong decision, but it does not mean it's time to give up. If you have a trading plan, it would be better if you will stick to it whatever happens.









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February 22, 2021, 08:20:37 AM
 #82

In a bull market, it is very easy to learn how to trade and still make a profit. The current situation is similar to what it was in 2017, when any coin bought the day before, the next day brought a profit. But this will not always be the case, at some point the market will turn in the other direction and you need to be prepared for this.
I can't tell you how much I relate myself with this statement. You are really touching me with that because in 2017, I was one of the guys who would buy coins and sell to make profit but as time passed I just became arrogant and started thinking I am the smartest trader which then lead me to some serious losses and although thankfully I recovered, I can never forget that time when the market was so good that almost even shit coins used to gain enough interest from market to sell them at a better price than what we bought them.

Now is the similar kind of situation where almost every coin is going up but at least the scam ICOs have slowed down which is a good sign and some coins are being obviously pumped like doge coins and I am staying away from both - pumped up coins and ICOs.

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February 24, 2021, 06:33:35 PM
 #83

I can't tell you how much I relate myself with this statement. You are really touching me with that because in 2017, I was one of the guys who would buy coins and sell to make profit but as time passed I just became arrogant and started thinking I am the smartest trader which then lead me to some serious losses and although thankfully I recovered, I can never forget that time when the market was so good that almost even shit coins used to gain enough interest from market to sell them at a better price than what we bought them.

Now is the similar kind of situation where almost every coin is going up but at least the scam ICOs have slowed down which is a good sign and some coins are being obviously pumped like doge coins and I am staying away from both - pumped up coins and ICOs.
Do not be worried that you were like that because many of us were like that, and even though we are smarter on this bull run, there are still a lot of us who believe that bitcoin will be doing awesome and even invest into silly shit coins to make a huge amount of profit where in fact reality is we are going to end up losing money on most of them but we can't stop ourselves on this run as well.

However the thing we are smarter about is getting out instead of staying in with these, we did make some profits and with those profits we are more ready to get out quicker this time around so that we do not stay and hold too many bags during this period. We are going to lose some money, it is not like we are going to be 100% fine but at least we are more ready this time. So, do not feel bad that you were like that but feel like you are more ready this time around.

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February 28, 2021, 07:27:47 PM
 #84

You need to learn about crypto currency every coin and every exchange. You need to study many blog article that regularly give you news about crypto currency.


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February 28, 2021, 11:03:53 PM
 #85

should I add anything to this?

You learned a lot and now really can give everyone advices how to trade correctly. But before doing that try theoretical material on practice; otherwise it will be just a theory forever and you will never understand how everything works.

Well, learning is very easy to achieve, but the problem is how to apply such knowledge that you had learned.
For me, there is nothing much more important is to have experience in trading, the more experienced you had the more you will become successful in trading. We cant call ourselves an expert because we will have a possibility to have a loss by our own mistakes, perhaps emotions or wrong decision, but it does not mean it's time to give up. If you have a trading plan, it would be better if you will stick to it whatever happens.
Strategies + execution = result

Let us see which strategy and trading tools are working and which are not. Trading is just like making a trial and error and we need to use the most effective strategy and stick to it. We suffered more losses because we never change our strategy and we never correct our mistakes. If that so, no matter how long we've been in trading, we surely have to lose again ana again.



.
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[15.00000000 BTC]


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February 28, 2021, 11:14:52 PM
 #86

~snip~
Trading is just like making a trial and error and we need to use the most effective strategy and stick to it.
How many trials and errors do we need to take before we can call ourselves successful in trading?

Sometimes I believed in myself that experience is the best teacher in trading in all times, that is right, sometimes we experience losses but it doesn't mean all the time we experience this. Trial and error seem not good to me, I will consider that thing when I'm on the first stage or first time in trading, but when in multiple times, it should not exist trials and error, it should be perfect trading with a massive profit.

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March 01, 2021, 08:17:24 PM
 #87

In order to be successful at trading, we need to first have good knowledge and then of course, it is also to have a good and reliable broker to be able to succeed.
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March 01, 2021, 09:17:48 PM
 #88

How many trials and errors do we need to take before we can call ourselves successful in trading?

Just continue until we hit our target, slowly but surely. No overnight success here so expect lots of trials and errors until we figured out the best strategy we can learn and follow on. There are also lots of situations and different trends so we are ended up in different cases making it more difficult to make strategies.

Success is not always about getting profits but how we maintain our winning stats to each of our actions at the different trends.
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March 01, 2021, 10:15:24 PM
 #89

Learning all those things alone isn't enough, believe me the crypto market is way complicated than relationships  Cheesy, it's more than just learning those theories, you need to practice and learn more cuz learning never stops, it's best you keep learning more about trading  and also practice more till you learn and develop your own trading strategy, remember good enough isn't good enough if you can better, so keep striving till you become a good trader.

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March 02, 2021, 04:15:48 PM
 #90

Skill in market analysis is very important in trading. And you will familiar with new technic after start trading. Some knowledge which you can't gain without experience.
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March 02, 2021, 10:54:29 PM
 #91

One of the major skill you need to be a good trader is the ability to know how things are been done in the market. And it will make you to know about the market analysis, I was too quick to start trading when I started. But few days later, I talked to myself that I needed to know more about the market if I really want to make it big through Trading. Thanks to a couple of my friends, they came to my rescue and taught me everything I needed to know about the market and even till now I'm still learning. Crypto is not something that is that hard if you know your way around it, you will not only make your cool cash but you will also make it big. Just know what you need to know.

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May 13, 2021, 08:54:36 AM
 #92

You need to accumulate a lot of experience because if not then your theories about trading and your knowledge about trading will never be put into practice. Also you have to have really strong emotions since you will be facing a lot of stressful moment when trading and trading isn't for the weak minded.
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June 03, 2021, 03:23:24 PM
 #93

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



Those indicators are enough to help you making decision where to enter the market. Those are technical analisys. You need to add fundamental analisys to see where the trend going too. And the most important thing is money management + risk management.
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June 03, 2021, 05:03:06 PM
 #94

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


actually its a big advantage mate to have such knowledge when it comes indicators in trading because it really can help and guide you to earn more profits even despite of being so volatile of crypto currency . So for now maybe all i can suggest is add more efforts and also control your emotions because sometimes that's the missing piece on us,  reason even we have enough knowledge there will always be a time that we keep asking why we still make mistakes. And its because we rely on our knowledge but lack of efforts and sometimes we follow our emotions..
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June 03, 2021, 11:07:39 PM
 #95

Experience would be the best way to become a good trader, it is normal to lose some money while being a beginner in trading, that is part of growing up just make sure that you have learned something from losing, you should always learn something for every trading experience you have, it will help your realize what to do the next time you do trading.
NO, it was not enough for a person to learn everything about trading. They have mistakes, they have losses and winning, all of these pieces of stuff are everyone's experience. We might learn out from this but we need to find where we become wrong and try to correct it a soon as possible. What I mean is that we need to move to another step, if we wanted to grow and succeed then we have to keep moving and that means that we need to improve our level of market understanding that includes strategies and skills.

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June 03, 2021, 11:10:34 PM
 #96

Know technicals;
1. S&R
2. Trend lines
3. Macd
4. Rsi

Know fundamentals;

1. New and events
2. Tweets and Personal sentiments

Know to handle and control;

1. Emotion
2. Money management
3. Self control and discipline
4. Decision making

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June 04, 2021, 02:59:03 AM
 #97

You need to learn how to handle your emotions too because no matter how good are you at technical analysis if you couldn't deal with the market's volatility, you'll still end up with wrong decisions. Have the courage to learn more about trading because, to be honest, it's a long process of learning and it isn't all about studying the indications because things will go the different way when you're doing actual trading.
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June 04, 2021, 03:05:35 AM
 #98

I am also still learning to become a successful trader. as far as I know, take some indicators that we know their nature, because the more indicators we will have more consideration, besides that we have to practice a lot in order to find our comfortable trading style.

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June 04, 2021, 04:05:03 AM
 #99

I am also still learning to become a successful trader. as far as I know, take some indicators that we know their nature, because the more indicators we will have more consideration, besides that we have to practice a lot in order to find our comfortable trading style.
It is possible to become a good trader if you learn the techniques of practice and trading there are many traders who sell everything if they can't analyze the indicators properly if the price goes up later in the risk. It is not possible to trade in one day if you cannot practice properly it is better to stop for now.
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June 04, 2021, 04:43:26 AM
 #100

A lot of money and a lot of knowledge and experience are some of the essentials to be successful in trading, without one, there's a possibility that it will take a long time before you can be successful as a trader but you don't have to fret over money, you can grow your capital overtime if you are really good.

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June 04, 2021, 02:52:14 PM
 #101

A successful trader should consistently make money in whatever direction the market goes, whether up, down, bull or bear...there are lots of opportunities to earn money in either ways.

Rather than relying too much on indicators, just simply buy low and sell high for profits. If the market dips significantly you buy, buy again if it dips again... Every significant dip is a good opportunity to buy. You can also sell in similar manner for profits when price starts going up... This strategy works most of the time if you know what you are doing.

You funds could be reserved in stablecoin for gradually buy up the dips and selling high(if you need to). Do this multiple times and watch your stablecoin reserve grow.

It's important to only trader with what you can afford risk/lose, and probably use that for your learning experience. It's much easier to learn trading if you are not taking big risk(or gambling).
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June 04, 2021, 04:04:59 PM
 #102

A lot of money and a lot of knowledge and experience are some of the essentials to be successful in trading, without one, there's a possibility that it will take a long time before you can be successful as a trader but you don't have to fret over money, you can grow your capital overtime if you are really good.

Knowledge, patience and strategy is the essentials in trading. Knowledge alone is not enough to be a successful trader. You should apply your knowledge and through your experience, you can create your strategy, most importantly is don't be greedy.

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June 04, 2021, 05:03:32 PM
 #103

A successful trader should consistently make money in whatever direction the market goes, whether up, down, bull or bear...there are lots of opportunities to earn money in either ways.

Rather than relying too much on indicators, just simply buy low and sell high for profits. If the market dips significantly you buy, buy again if it dips again... Every significant dip is a good opportunity to buy. You can also sell in similar manner for profits when price starts going up... This strategy works most of the time if you know what you are doing.

You funds could be reserved in stablecoin for gradually buy up the dips and selling high(if you need to). Do this multiple times and watch your stablecoin reserve grow.

It's important to only trader with what you can afford risk/lose, and probably use that for your learning experience. It's much easier to learn trading if you are not taking big risk(or gambling).
- I see the definition of a successful trader is not making money continuously, it should be defined in the style that people can lose everything but they will definitely live, they will preserve a large amount of assets and look at the last scene of each cycle, after so many cycles, experiences have been created and they will survive, making money despite the woes, maybe not continuously but with many cycles, their money will still increase very steadily while losers will drop drastically. Indicators in my opinion won't be as successful as experience and a personal fighting style


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June 04, 2021, 05:07:55 PM
 #104

A lot of money and a lot of knowledge and experience are some of the essentials to be successful in trading, without one, there's a possibility that it will take a long time before you can be successful as a trader but you don't have to fret over money, you can grow your capital overtime if you are really good.

Knowledge, patience and strategy is the essentials in trading. Knowledge alone is not enough to be a successful trader. You should apply your knowledge and through your experience, you can create your strategy, most importantly is don't be greedy.

How successful is trading? do they continue to get new advantages in saying success? I do not think so.
For me, experience is necessary, but technical and analysis must also be important because in trading there are not several techniques, there are even so many that must be applied in trading.
Even a professional will definitely experience losses when the market is bad, therefore there is no need to be successful, the most important thing is that we can maintain capital and manage it well.

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June 04, 2021, 06:31:22 PM
 #105

A lot of money and a lot of knowledge and experience are some of the essentials to be successful in trading, without one, there's a possibility that it will take a long time before you can be successful as a trader but you don't have to fret over money, you can grow your capital overtime if you are really good.

Knowledge, patience and strategy is the essentials in trading. Knowledge alone is not enough to be a successful trader. You should apply your knowledge and through your experience, you can create your strategy, most importantly is don't be greedy.
Those are basic stuff and when moving up with money investment emotions come into play. Controlling emotions is equally important like basic stuff.
Well i think doing basic is important, everyone needs a basic trading before entering into big trading works, doing basic trading can help you become more prudent on every decision that you male, trading involves money so we need not to considered it like a joke.

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June 04, 2021, 06:55:21 PM
 #106

A successful trader should consistently make money in whatever direction the market goes, whether up, down, bull or bear...there are lots of opportunities to earn money in either ways.

Rather than relying too much on indicators, just simply buy low and sell high for profits. If the market dips significantly you buy, buy again if it dips again... Every significant dip is a good opportunity to buy. You can also sell in similar manner for profits when price starts going up... This strategy works most of the time if you know what you are doing.

You funds could be reserved in stablecoin for gradually buy up the dips and selling high(if you need to). Do this multiple times and watch your stablecoin reserve grow.

It's important to only trader with what you can afford risk/lose, and probably use that for your learning experience. It's much easier to learn trading if you are not taking big risk(or gambling).
That's the hard part that I stopped trading for, making profit while market is going down. I rarely ever do a short deal, I actually never do it, I try to buy when it is low so I am still not profiting because I am just dropping my average and then profit quicker because my average is lower, but that's about it.

It is really not that easy to make a profit in crypto when things are in a bear market, the only times you can make a good profit for me is when the price is going up, and it was really a crazy period when the price went up, I made so much profit, if I sold at the top for everything I bought, I would have about 11 thousand dollars right now, instead I have 700 dollars saved up, that is the difference, do you know where I started? 200 dollars! This is the type of market we are in, it is really crazy, you can get insanely rich or insanely poor over night.
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June 04, 2021, 07:53:32 PM
 #107

A lot of money and a lot of knowledge and experience are some of the essentials to be successful in trading, without one, there's a possibility that it will take a long time before you can be successful as a trader but you don't have to fret over money, you can grow your capital overtime if you are really good.

Being able to call yourself as a successful trader you would probably went through a lot of process, continues learning and worst a huge loses that may drained your pocket but would fill your mind with knowledge about the lesson learned that you have gained from all of your failure experiences. Actually the question that if do you or do we need to be a successful trader I guess the answer is yes. If you're really wanted to be a trader or wanted to earn a profit from trading then aim to become a successful trader because earning a profit in trading is not simple, it is always risky and may require with so much knowledge that the only way to spare you from another loses which is inevitable but at least a minimal loses is bearable.
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June 04, 2021, 11:45:53 PM
 #108

if you want to be a successful trader it's very easy, just study and learn,
follow good and correct trading rules, don't be greedy and don't get emotional, make sure your mind is calm when trading, and have fun,
oh yes one thing you must you know, don't panic!, if you panic when you see the dump price you are not suitable as a trader

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June 05, 2021, 12:33:45 PM
 #109

I am also still learning to become a successful trader. as far as I know, take some indicators that we know their nature, because the more indicators we will have more consideration, besides that we have to practice a lot in order to find our comfortable trading style.
Fundamental analysis is also very important not just purely technical analysis. It's different thing. You can also depend the graphs in previous week or year, they also some same pattern.
Applying risk management is one thing that is very valuable and make you successful in trading. Attitude towards every trades and don't be greedy, OP should also consider it.

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June 05, 2021, 12:54:06 PM
 #110

The future of our trades comes from what we have done today. We all have a lot of trading tools that could help us to succeed but there is more thing that I think is a must to acquire and that is how to manage ourselves . To be honest, it is too easy to say and think about this but it finds to hard applying it in real life. And to know why? It is because we bond for a lot of challenges that include time management, risk management, and last one is emotions.

In general, we need to win all of these challenges before we succeed and yes, it could be tough. And we need to be more focused otherwise we just fail.

R


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CapGelatik
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June 05, 2021, 01:34:27 PM
 #111

I suggest you also have to understand what fundamentals are. Many traders don't really rely on chart reading. They only use news or fundamentals on one coin or token, or news that is hot in the crypto world, like the clown's tweet (Elon).
That's why fundamentals are important and we don't just follow the hot news in the cryptocurrency world,
I don't think such news will last long and we must also be able to read market movements,
because that way we can know and not carelessly make decisions membuat

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June 05, 2021, 01:59:03 PM
 #112

A lot of money and a lot of knowledge and experience are some of the essentials to be successful in trading, without one, there's a possibility that it will take a long time before you can be successful as a trader but you don't have to fret over money, you can grow your capital overtime if you are really good.

Knowledge, patience and strategy is the essentials in trading. Knowledge alone is not enough to be a successful trader. You should apply your knowledge and through your experience, you can create your strategy, most importantly is don't be greedy.
You just copied my reply almost, strategy is under knowledge in my opinion. But I do agree that you shouldn't be greedy and just go and get what you can get and just be content.

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June 05, 2021, 03:11:51 PM
 #113

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



Yes you should add one of the most important things to this list and that is practice and experience.
If you practice well you will get good experience and with that you will be well prepared for anything that comes in your way.
You will become more aware of how the market behaves and thus you will be able to use the indicators well and strategize accordingly.
Just learning about the indicators won't do you any good because eventually you will have to put it to practice and only that will give you the perfection.

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Nrcewker
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June 05, 2021, 04:20:10 PM
 #114

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



There is no word like “successful” trader.
Again it depends what do you mean by the word “successful”. Does this mean making huge amount of money?
If you think of this, then sad to say that no one is successful yet in trading.
Future is unpredictable so as the market?
So how can someone give perfect calls to be come successful in your words if he hasn’t seen the future.

Op you missing out the basics of trading that is understanding the market. When the market pumps or dumps.
Hope this gave you some extra knowledge on your queries.
Good luck with your trading.

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June 07, 2021, 01:25:28 AM
 #115

should I add anything to this?

You learned a lot and now really can give everyone advices how to trade correctly. But before doing that try theoretical material on practice; otherwise it will be just a theory forever and you will never understand how everything works.

Well, learning is very easy to achieve, but the problem is how to apply such knowledge that you had learned.
For me, there is nothing much more important is to have experience in trading, the more experienced you had the more you will become successful in trading. We cant call ourselves an expert because we will have a possibility to have a loss by our own mistakes, perhaps emotions or wrong decision, but it does not mean it's time to give up. If you have a trading plan, it would be better if you will stick to it whatever happens.
Strategies + execution = result

Let us see which strategy and trading tools are working and which are not. Trading is just like making a trial and error and we need to use the most effective strategy and stick to it. We suffered more losses because we never change our strategy and we never correct our mistakes. If that so, no matter how long we've been in trading, we surely have to lose again ana again.
The OP need to work on a working strategy out of the numerous ones online basically they can found on YouTube or forexfactory, pick one work on it by applying some of those indicators practice the strategy via demo trading to correct all the mistakes made do during trading until consistent profits is guaranteed, then goes to live trading with $100 or less to have a feel of real trading, if successful then he can increase the trading portfolio.

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June 07, 2021, 02:36:05 AM
 #116

A successful trader should consistently make money in whatever direction the market goes, whether up, down, bull or bear...there are lots of opportunities to earn money in either ways.

Rather than relying too much on indicators, just simply buy low and sell high for profits. If the market dips significantly you buy, buy again if it dips again... Every significant dip is a good opportunity to buy. You can also sell in similar manner for profits when price starts going up... This strategy works most of the time if you know what you are doing.

You funds could be reserved in stablecoin for gradually buy up the dips and selling high(if you need to). Do this multiple times and watch your stablecoin reserve grow.

It's important to only trader with what you can afford risk/lose, and probably use that for your learning experience. It's much easier to learn trading if you are not taking big risk(or gambling).

Being a successful trader doesn't happen in an overnight process. It takes time, it may cost you so much time of engagement in learning about trading even it is a basic trading strategy it may cost you time. Your basic knowledge about trading will be your guide while starting your journey in trading. Also it is important to know what token or coin is worth to trade on there so many kind of coin we have in crypto space today so choose which one is good for you. And lastly, patience, in trading it takes a lot of patience to be able to learn the process of trading step by step.
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June 07, 2021, 02:48:22 AM
 #117

A successful trader should consistently make money in whatever direction the market goes, whether up, down, bull or bear...there are lots of opportunities to earn money in either ways.

Rather than relying too much on indicators, just simply buy low and sell high for profits. If the market dips significantly you buy, buy again if it dips again... Every significant dip is a good opportunity to buy. You can also sell in similar manner for profits when price starts going up... This strategy works most of the time if you know what you are doing.

You funds could be reserved in stablecoin for gradually buy up the dips and selling high(if you need to). Do this multiple times and watch your stablecoin reserve grow.

It's important to only trader with what you can afford risk/lose, and probably use that for your learning experience. It's much easier to learn trading if you are not taking big risk(or gambling).

Being a successful trader doesn't happen in an overnight process. It takes time, it may cost you so much time of engagement in learning about trading even it is a basic trading strategy it may cost you time. Your basic knowledge about trading will be your guide while starting your journey in trading. Also it is important to know what token or coin is worth to trade on there so many kind of coin we have in crypto space today so choose which one is good for you. And lastly, patience, in trading it takes a lot of patience to be able to learn the process of trading step by step.

If you make money out of trading whichever the market goes, you are definitely a great trader by that time. This would be possible if you really know how the market will reach despite some news and price action. Not everyone can do it actually I have tried many times to do it with options and it failed me several times. It's actually easier to do it on the FOREX market than on crypto market but what I do is just buy low and sell high.







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June 08, 2021, 07:56:53 AM
 #118

practice real trading a lot. that way we will have a lot of experience in dealing with various market situations. many people are good at trading theory, but they are poor in experience, so it seems more suitable as marketing. Trading is a real practice, where we are required to survive and develop our assets in it aset
Practice it with small amounts.

So that whenever you're just still in experimentation mode, you're going to have that very fine experience and you're going to learn a lot from it.

I've done that before but I have to stop because I cannot monitor my trades from time to time despite there's a stop loss or sell orders that can be done automatically, still I don't have my time to look at the charts which is what I like better.



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June 08, 2021, 10:52:57 AM
 #119

practice real trading a lot. that way we will have a lot of experience in dealing with various market situations. many people are good at trading theory, but they are poor in experience, so it seems more suitable as marketing. Trading is a real practice, where we are required to survive and develop our assets in it aset
By having high flying hours in trading indirectly it gives us the opportunity to be successful,
it is not easy for sure in trading because sooner or later we will also experience failure,
and for me it is a natural thing and it is also part of the learning process so that in the future we will not make the same failure

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sumant
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June 10, 2021, 03:16:24 AM
 #120

Any work in this world needs hard works to achieve that target. For being a successful trader you have to give some time in trading daily that will enhance your experienc. As many time you do trades your experience will increase faster in charts reading.  For successful trading you have to see any news about project and take entry. See their social media profiles for any specific news. After giving up some time as your learning capacity you definitely going to be a successful trader.
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June 10, 2021, 03:22:35 AM
 #121

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



i think the most important is your mental physicology, most people i know that lose all money when they are desesperate when something goes a little wrong
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June 10, 2021, 03:23:46 AM
 #122

also you must learn how to use limit-stop, when u lose, stop and give a break
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June 10, 2021, 06:28:20 PM
 #123

I think you need to do trading in a serious way to become succesful trader.Serious means  you need to fucos on it. First you need to do basic trading with a small capital simply because if you are in a learning stage you will easily make a mistake and loss so used small amount of capital to be more safe and make you will gain learnings every trade you've done.

ahoenk
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June 10, 2021, 08:57:50 PM
 #124

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



You should add money management and risk management to your list. Trading is not as easy as you see. You need money management preparation. Especialy if you want to do trading for living which can gives you big impact if you can not manage the risk. Dont do laverage if you new to this.

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sulendra12
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June 10, 2021, 11:04:05 PM
 #125

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?
It's okay if you are learning all of that, but have you actually tried those indicators into real trading?

That's the best way to test it, you can't be a successful trade if you just understand the theory but can't do it in real case. The situation on each market is different so just by reading the articles about indicators are not going help to you that much because you have to analyze it by yourself for better approach.

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June 10, 2021, 11:25:54 PM
 #126

I think you need to do trading in a serious way to become succesful trader.Serious means  you need to fucos on it. First you need to do basic trading with a small capital simply because if you are in a learning stage you will easily make a mistake and loss so used small amount of capital to be more safe and make you will gain learnings every trade you've done.
small capital is not something to be safe in trading mate, for me if you want to be a successful trader it is only one,
learn from mistakes, if the mistakes you make you always learn then I believe you can survive the next disaster,
the disaster in the crypto world is the bloodbath,

The OGz Club     [ [ [ [ [   The 1st & Only #MemeFi Project   ] ] ] ] ]
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June 11, 2021, 01:55:14 AM
 #127

when trading for the first time of course we try all techniques. and what we need is to learn and continue to practice real trading. that way we will find the trading style we want. without experience I think it is impossible for a trader to become a professional trader

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June 11, 2021, 07:48:14 AM
 #128

Even if you have all indicators in the world if you don't know and understand what are these for you won't be come a successful trader also in order for some people to learn a mistake is part of it, if you will do a trading a lot you will learn from your mistakes and improve your strategy from time to time.

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June 11, 2021, 09:19:11 PM
 #129

From the little experience am having I don't really think trading is kind of easy the way people think but  there are some guidelines if you follow you will definitely be a successful trader which includes:
1. Patience if you are a trader you need to be patience you don't just invest in a coin and after few deys you expect like 50-10% interest.
2. Time you have to dedicate your time for it for maximum profit.
3. You don't have to be greedy as a trader I believe something 5-15% profit is O. K.
I believe there are still lot's of things which you have to learn about as a trader.

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June 11, 2021, 10:57:50 PM
 #130

when trading for the first time of course we try all techniques. and what we need is to learn and continue to practice real trading. that way we will find the trading style we want. without experience I think it is impossible for a trader to become a professional trader
We have to gain experience for us to test things in trading.

If you're just relying on virtual or test trading without any application of your money, you're just like playing trading in the market but you don't apply it to your own.

You can formulate some strategies that you'll be familiar with and can be your counterpart as you trade because you're getting a positive result with it.

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June 11, 2021, 11:45:02 PM
 #131

when trading for the first time of course we try all techniques. and what we need is to learn and continue to practice real trading. that way we will find the trading style we want. without experience I think it is impossible for a trader to become a professional trader
We have to gain experience for us to test things in trading.

If you're just relying on virtual or test trading without any application of your money, you're just like playing trading in the market but you don't apply it to your own.

You can formulate some strategies that you'll be familiar with and can be your counterpart as you trade because you're getting a positive result with it.
Gaining experience is a must to be a good trader. To experience, you need the willing to learn. This doesn't mean you need to learn for a long. You need to learn the basics of trading as well as the possible ways of predicting the price analysing the charts and market moves. This can be attained through experience.

Start with small capital, and the rest happens good based on the way you do things through market observation.

.SUGAR.
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June 12, 2021, 12:08:15 PM
 #132

successful traders do not panic when trading, and are not greedy when trading either,
of course experience is also an important thing to be successful, usually it takes a long time for a trader to be consistent,
not just one or two times, but it takes many times to try, and make sure you can read the chart well and correctly

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June 12, 2021, 02:17:13 PM
 #133


Gaining experience is a must to be a good trader. To experience, you need the willing to learn. This doesn't mean you need to learn for a long. You need to learn the basics of trading as well as the possible ways of predicting the price analysing the charts and market moves. This can be attained through experience.

Start with small capital, and the rest happens good based on the way you do things through market observation.
Honestly, learning the basic knowledge in trading is not good enough to succeed, Yes, it could a start-up but we need to enhance our knowledge and skill to the highest level otherwise, we're not able to reach our goal. Perhaps, becoming a successful trader is totally a quest, we need to overcome the challenges along the way, we need to experience losses and as well as gaining. We can't tell how long to reach our goal but it depends on us how we work on it.

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June 12, 2021, 02:30:58 PM
 #134

Learning the fundamentals is just part of the trading head start I think you already have because as stated on OP, I guess one thing you need to do right now adopts or apply all those learnings to your trading this time you will experience and all of the possible things you might encounter base on the experience of other people. This now will test yourself if you are willing to join still on trading or not.

Losing trade is part of the game if you don't want to lose don't trade. Still, the outcome is one of the most needed you win or not, you gain or you lose.

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June 12, 2021, 05:11:10 PM
 #135

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


What you have mentioned above so far are all technical aspects of trading which I think is okay but you will need learn the fundamentals aspect of crypto currency trading as that has major influence in the trend of the market. Fundamentals could be positive and negative news about Bitcoin and crypto currency in general.

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June 12, 2021, 05:59:25 PM
 #136

Learning stage isn't simple, persistence and control of feelings is vital. Obviously your self-assurance consistently matter, each time you manage pressing factors and battles amidst exchanging challenges. Also, to acquire insight, you should simply to exchange and apply those that you know.


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June 12, 2021, 06:42:52 PM
 #137

when trading for the first time of course we try all techniques. and what we need is to learn and continue to practice real trading. that way we will find the trading style we want. without experience I think it is impossible for a trader to become a professional trader
We have to gain experience for us to test things in trading.

If you're just relying on virtual or test trading without any application of your money, you're just like playing trading in the market but you don't apply it to your own.

You can formulate some strategies that you'll be familiar with and can be your counterpart as you trade because you're getting a positive result with it.
Gaining experience is a must to be a good trader. To experience, you need the willing to learn. This doesn't mean you need to learn for a long. You need to learn the basics of trading as well as the possible ways of predicting the price analysing the charts and market moves. This can be attained through experience.

Start with small capital, and the rest happens good based on the way you do things through market observation.
And with errors that you do with your first tries.

That's where it's going to start the learnings. You'll have to extract every single mistake that you do with that first try and you'll have to learn from it so that you'll apply that with your next trades and that will be part of your good trades.

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June 13, 2021, 04:57:34 AM
 #138

Being a successful trader lies in these

1. Patience
2. Consistency
3. Learning management Risks effectively
4. Grabbing every good opportunity
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June 13, 2021, 05:07:33 AM
 #139

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



Learning is one of the most important things for trading, but it alone not sufficient to be honest.
In order to trade and avoid loss, you need to predict and choose the coin correctly.
Moreover there is also luck factor that affects your profit or loss.
Though i am impressed that you have learned so many terms instead of being a newbie in trading, but still be cautious while trading.
I can advise you to start with small amount at first in your first few trades.
Understand the market and feel the market’s ups and downs.
Hope you make huge profit in trading OP.

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June 14, 2021, 05:00:37 AM
 #140

Technical analysis is less work on crypto market, to gain profit from high fluctuation this market, can be better to learn about trend cycle of market and fundamental of crypto. I think for TA is work better for forex trading. Many investor gained multiple profit in crypto like 10-20x less than a year just by holding good fundamental coin, and they know when good times to buy it. For TA that good to use in crypto and forex trading is combination of EMA 200 and RSI, this indicator for swing trading.

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June 14, 2021, 02:45:59 PM
 #141

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


You have added all most popular indicator to do your trade .I think its not only possible to become successful by doing this .You have to learn the fundamental things and also being updated with the latest news .One more thing you need to be patience always to hold your nerve and don't fall into the panicked .

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June 14, 2021, 05:38:36 PM
 #142

Technical analysis, maybe people can learn it. But control emotion, not all people can easily do it. Maybe after all analysis, we should know what we must do when market is not like what we're expected. So, from me is control emotion and minimize risk strategy is need to added.

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June 14, 2021, 09:15:00 PM
 #143

Trading is one of the ways to benefit the most from crypto. Though, it requires a lot of you to be a successful trader. From experience to the ways you manage your analytical tools and also watch out for changing circumstances.
Your emotions is another thing that can betray you when it comes to trading. The emotion of fear and of greed.
Fear tells you not to enter and that is too late on a trade while greed tells you not to get out, its way too early and your yet to make the most profit from a trade. A mastery of the both of them would be an advantage for you on how to take a position and set your take profit or stop lose in a trade.

To be a successful trader, its going to take or requite a lot of you.
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June 15, 2021, 05:34:19 AM
 #144

Technical analysis, maybe people can learn it. But control emotion, not all people can easily do it. Maybe after all analysis, we should know what we must do when market is not like what we're expected. So, from me is control emotion and minimize risk strategy is need to added.
analysis alone is not enough. I think we've all predicted that the price of bitcoin and ethereum will be very high in the past, and now it's actually proven. it's just that, the thing that needs to be considered is whether we will patiently wait for it or not. However, many people have the right predictions, they just don't have the patience for it and sell early. I also do that very often.
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June 15, 2021, 03:00:49 PM
 #145

Technical analysis, maybe people can learn it. But control emotion, not all people can easily do it. Maybe after all analysis, we should know what we must do when market is not like what we're expected. So, from me is control emotion and minimize risk strategy is need to added.
analysis alone is not enough. I think we've all predicted that the price of bitcoin and ethereum will be very high in the past, and now it's actually proven. it's just that, the thing that needs to be considered is whether we will patiently wait for it or not. However, many people have the right predictions, they just don't have the patience for it and sell early. I also do that very often.
- The traders are very lacking in the bravery in the matter you say, most of us somehow feel and analyze that the opportunities with bitcoin and ethereum are high but this market has too much short-term risk, some long-term goals are often affected, success may need to contain a quality of patience as you say. There is no denying that adequate knowledge and analysis are also advantageous but working hard every day will help us absorb these elements well, a mentality that does not change in the midst of a stormy market is not easily learned, only successful traders have that nature


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June 20, 2021, 08:16:49 PM
 #146

quote author=irsykes link=topic=5316575.msg57232704#msg57232704 date=1623692316]
Technical analysis, maybe people can learn it. But control emotion, not all people can easily do it. Maybe after all analysis, we should know what we must do when market is not like what we're expected. So, from me is control emotion and minimize risk strategy is need to added.
[/quote]

These fundamentals are very important to keep in mind, it is also necessary to emphasize that it is always good to ask why such a movement occurred? Not all the answers are in the technical analysis, not in the news, sometimes thinking like a whale works much better.

The other way that never fails is by becoming an expert knowing how to read the volume very well, but since the volume of BTC and cryptocurrencies are not consolidated, it is recommended to review the volumes of Binance for being one of the largest, of Bitfinex for being a protagonist in the bullish trend of BTC in 2018, they are really representative exchanges in the Bitcoin market.

And above all studying every day, I always recommend reading the books by Wyckoff, Livermore, but any book works, such as those by Warren Buffet, Maikel Burton, among others, most are focused on the Stock Market, but they are totally applicable to the crypto market.

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Lee_Mire
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June 20, 2021, 08:24:54 PM
 #147

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?




Here are things you should also learn (outside of trading) that will make you a much better trader.

Stress management
Independent thinking
Time management
Learning to switch off and relax

Vaculin
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June 20, 2021, 11:14:37 PM
 #148

Many had already given you the tips to succeed but it doesn't mean that you need to acquire them. Because the success will depend on your decision, not us, not these all advice and suggestions you have read, it was just you to decide if you want to succeed or not.

Trading is worth trying, a lot of people have tried but only a few had won the challenge. And I tell you that, don't compromise yourself if you feel doubtful and afraid, honestly, you can't be in trading if you have that kind of feeling.
Ridi
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August 31, 2021, 06:35:37 AM
 #149

Nowadays a large number of people are engaged in the bitcoin trading.But among them, few are to get success just because these people have knowledge about bitcoin as well as experienced and they use of effective trading tips ,planning or strategies. If you also want to become successful trader then the important thing is to learn the basic enough knowledge. There are some tips that helps you make a good trader:-
Start with small amount
Socially active currency news
Don't listen to others
Strategy
Patience 🙏🙏🙏

                                                           AliceinCrypto.com                                                           
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arbifahrozy
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August 31, 2021, 06:03:17 PM
 #150

Buy more the more it dips, sell more the higher it goes.  Just figure out when to start selling like btc=100k sell 10%.  Btc=120k sell 20%.  That way on average you’ll hit a higher percentile than if you were to just guess and sell all at once.

carlfebz2
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August 31, 2021, 06:41:05 PM
 #151

Buy more the more it dips, sell more the higher it goes.  Just figure out when to start selling like btc=100k sell 10%.  Btc=120k sell 20%.  That way on average you’ll hit a higher percentile than if you were to just guess and sell all at once.
People should realize this but they do really think off that selling in bulks would be more effecient and more productive or simply gives more without realizing that gradual sell on particular higher level is much more worth.

Well, this is really something bit technical for most people  but doesnt really mean that it would really be impossible not for you to do so.To be successful then you would need
lots of things to be aware of.

Emotion handling and proper risk management is the key and also a little bit mix of luck since this market is always been unpredictable.

MiF
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September 02, 2021, 09:29:42 AM
 #152

Buy more the more it dips, sell more the higher it goes.  Just figure out when to start selling like btc=100k sell 10%.  Btc=120k sell 20%.  That way on average you’ll hit a higher percentile than if you were to just guess and sell all at once.
People should realize this but they do really think off that selling in bulks would be more effecient and more productive or simply gives more without realizing that gradual sell on particular higher level is much more worth.

Well, this is really something bit technical for most people  but doesnt really mean that it would really be impossible not for you to do so.To be successful then you would need
lots of things to be aware of.

Emotion handling and proper risk management is the key and also a little bit mix of luck since this market is always been unpredictable.
I agree on that trading is simple but proper handling of the emotion and risk management is hard. So we need to fucos on how to control emotions specially when the market is on bearish market. Sometimes newbies  didn't invest when the market is on dip because they are afraid that the price will continue to fall, but some of the experienced people or crypto whales always buy the dip and they always earn when the price of the coin that they invested rise up high on the near future.


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FIRST LISTING
CONFIRMED






MIner1448
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Tontogether | Save Smart & Win Big


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September 02, 2021, 03:49:43 PM
 #153

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


This knowledge, which you wrote about, is of course wonderful, but how did you put it into practice, for example, I also know some trading strategies and also know a set of chart analyzes, but all these strategies are applied according to the situation and not by a template method. I think the best thing for a trader is practice, knowledge is not a panacea for a successful trade. I often used various strategies that I wrote about, but without a sufficient number of repetitions of these strategies, the skill will not be developed and these strategies will not be locked in the head of the trade.
fullhdpixel
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September 02, 2021, 06:58:44 PM
 #154

I agree on that trading is simple but proper handling of the emotion and risk management is hard. So we need to fucos on how to control emotions specially when the market is on bearish market. Sometimes newbies  didn't invest when the market is on dip because they are afraid that the price will continue to fall, but some of the experienced people or crypto whales always buy the dip and they always earn when the price of the coin that they invested rise up high on the near future.
Honestly trading is not simple neither but it just becomes so much harder when you trade with emotions and feelings that, comparatively speaking it feels a lot easier when we are not trading with emotions. When you learn the math behind trading and you learn TA and what indicators mean and you start trading that way, it doesn't guarantee you any profit, you could still end up losing a lot of money as well, but at least you will be making a bit of a profit that you would otherwise not be able to make.

And that is the biggest part of the crypto world, being able to come to acceptance with the fact that you could do everything right and still lose money, or don't do anything at all, be asleep and still make a lot of money. When you accept that, your hard work starts to look more sensible because your hard work may not result with a profit right now, but it may profit you a lot more later on.

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otundebis
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September 04, 2021, 06:00:50 PM
 #155

Trading Cryptocurrency  successfully is not just what you know,  the application of what you know is what make a difference! It is good you have knowledge of various trading chart and tools,  but applying them in the right market condition and using them successfully is what matter at the end!  I will encourage everyone to learn and develop a unique strategy  with these tools,  then you can profit repeatedly!

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September 04, 2021, 06:14:44 PM
 #156

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



Really appreciate the time you spend in gaining knowledge on trading. I am sure by now you might have learnt what is really required besides all the graphical lessons. Patience is the key to succeed in trading. Before investing, kindly analyze and coins and invest on the best you can. The market is volatile and yes you need to wait even for more than the period you thought of. Invest on multiple coins and swift among them. But do not close your trade at loss. Be patient enough.

.
Duelbits
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Hobo66
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September 07, 2021, 04:51:52 PM
 #157

To become a successful trader, you must have to develop certain trading strategies. It is important for a successful trader to set a stop loss. Investors have to improve their skills. To be a successful trader, you must have a plan of managing your trading. It is most important to have tolerance in trading.

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jossiel
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September 07, 2021, 05:22:40 PM
 #158

To become a successful trader, you must have to develop certain trading strategies. It is important for a successful trader to set a stop loss. Investors have to improve their skills. To be a successful trader, you must have a plan of managing your trading. It is most important to have tolerance in trading.
Risk tolerance.

That's it.

Actually, you don't have to aim for becoming a successful trader, what's better to hear is that you're a profitable trader. Well, that's description is way better but people also describe it just as the same.

But everyone has different meaning for success.

ReiMomo
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September 07, 2021, 06:31:14 PM
 #159

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



Besides the above,

1. kindly keep updating yourself on news and updates around the coin you have invested.
2. Always have a part of amount in hand to average any loss.
3. Patience is the key. So never panic when the market goes up at a sudden or when it falls down at a sudden. Never sell or buy when the market is manipulated.
4. Focus on safeguarding your funds always. Choose the best exchanges and activate all security features given in the best exchanges.
5. Always have a deep study on the coin you are going to invest.

.
Duelbits
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Aliceooo78
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September 09, 2021, 02:17:43 AM
 #160

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



There is only one way to success, it is simple, patient enough, and mentally strong enough
kapalmabur
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September 09, 2021, 08:09:28 AM
 #161

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


To be a successful trader you must have all these qualities. You also need to have adequate knowledge about trading. You have to understand every signal.Only if you can do all this work can you be considered a successful trader.
Yes, knowledge is really needed to be a trader and it's one of the important things that must be owned,
besides that we have to be smart in analyzing because after all it is part of trading,
Becoming a successful trader is not something easy and I think it has to go through a process
boyptc
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September 09, 2021, 10:09:34 AM
 #162

You also need to have adequate knowledge about trading. You have to understand every signal.Only if you can do all this work can you be considered a successful trader.
Gradually, you can do all of those.

You don't have to rush things like learning all of those. Having those plus with experience, you can learn each of them one by one and gain experience and lessons at the same time.



.
.BIG WINNER!.
[15.00000000 BTC]


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Rainbot
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rodskee
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September 09, 2021, 10:47:43 AM
 #163

You also need to have adequate knowledge about trading. You have to understand every signal.Only if you can do all this work can you be considered a successful trader.
Gradually, you can do all of those.

You don't have to rush things like learning all of those. Having those plus with experience, you can learn each of them one by one and gain experience and lessons at the same time.
absolutely !!! but all takes time there is no easy money here unless you are lucky to find Gems in which once in a million chances .
there had been many people that earn from Gems but there are also thousands of investors lose in this finding because all they got is scam projects.
find your chance in time but never rush, always keep head down but mind up so opportunity will be on your way.

geegaw
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Merit: 502



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September 09, 2021, 02:13:00 PM
 #164

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


To be a successful trader you must have all these qualities. You also need to have adequate knowledge about trading. You have to understand every signal.Only if you can do all this work can you be considered a successful trader.
Yes, knowledge is really needed to be a trader and it's one of the important things that must be owned,
besides that we have to be smart in analyzing because after all it is part of trading,
Becoming a successful trader is not something easy and I think it has to go through a process
Of course, success is rigor and a stumbling and bumpy journey to the turning point of a career and although knowledge indicators are part of trading but honestly, to decide a successful trader, this mess can't be the key to that door because we are in possession of an equivalent condition, the diversification of knowledge is just a story sooner or later. However, the crowd of traders of the present only gives the title of success to a few traders, the difference and especially perhaps the answer that each of us needs to think about, sometimes knowledge can't be as important as will and opinion

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junmisakiro
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September 09, 2021, 02:26:37 PM
 #165

Do what you understand about the market, never try to trade if you don't understand at all where the price is going like trading with coins promoted by influencers because it will usually result in losses in the end, try to always use a method that you already understand if You want to enter the market.
Kelvinid
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when lambo...


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September 09, 2021, 02:55:40 PM
 #166

You also need to have adequate knowledge about trading. You have to understand every signal.Only if you can do all this work can you be considered a successful trader.
Gradually, you can do all of those.

You don't have to rush things like learning all of those. Having those plus with experience, you can learn each of them one by one and gain experience and lessons at the same time.
absolutely !!! but all takes time there is no easy money here unless you are lucky to find Gems in which once in a million chances .
there had been many people that earn from Gems but there are also thousands of investors lose in this finding because all they got is scam projects.
find your chance in time but never rush, always keep head down but mind up so opportunity will be on your way.
But for me, it was good to have a small profit at least I was safe and consistent rather than looking for a gem to become rich instantly when we just also had lost millions before we get it. We have to realize and understand that it is not a game that we need luck nor this is gambling but having knowledge towards the market is of great advantage over those who have nothing. If we don't just seek additional knowledge, therefore, I'm going to say that we are not far from getting success but we are very close to it. It only just takes time and surely the moment has come someday.

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Twinscoin2017
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September 09, 2021, 03:15:13 PM
 #167

Before you start big trading activities you must know first the basic. Every expert in trading is from a small types of trader until they become full of knowledge and become an expert and then become successful. Once you become a trader you will experience win or sometimes loss and you need to always stand again and control your emotion and always fucos to become a good or successful trader.
djgtr
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September 09, 2021, 03:26:07 PM
 #168

Before you start big trading activities you must know first the basic. Every expert in trading is from a small types of trader until they become full of knowledge and become an expert and then become successful. Once you become a trader you will experience win or sometimes loss and you need to always stand again and control your emotion and always fucos to become a good or successful trader.
I agree on that before we proceed to big trading event we need to do small trade first and use an amount that we can afford to loss to avoid a big loss that can lead us to discouragement when we are still on a starting point as a newbie.
boyptc
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September 09, 2021, 08:56:44 PM
 #169

You also need to have adequate knowledge about trading. You have to understand every signal.Only if you can do all this work can you be considered a successful trader.
Gradually, you can do all of those.

You don't have to rush things like learning all of those. Having those plus with experience, you can learn each of them one by one and gain experience and lessons at the same time.
absolutely !!! but all takes time there is no easy money here unless you are lucky to find Gems in which once in a million chances .
there had been many people that earn from Gems but there are also thousands of investors lose in this finding because all they got is scam projects.
find your chance in time but never rush, always keep head down but mind up so opportunity will be on your way.
Yes.

It takes time and that's why it's very important to know that you have to non-stop learner if you want to be a successful trader.

Most successful traders and people are like that and you need to be patient at all times.



.
.BIG WINNER!.
[15.00000000 BTC]


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September 10, 2021, 10:09:14 AM
 #170

Yes.

It takes time and that's why it's very important to know that you have to non-stop learner if you want to be a successful trader.

Most successful traders and people are like that and you need to be patient at all times.

Isn't it like that with everything?! If you wish to be successful in anything you need to be a non-stop learner! Development can't stop, and if it stops others will just leave you behind! And patience is required whatever you do, it's what we all learn... we can't push and force things all the time, we need to know when to be calm and wait for a perfect opportunity for action! The timing is everything, good timing is what makes a big difference in the end!

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New.in.trading
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September 10, 2021, 12:48:10 PM
 #171

The most important thing is a Tradingplan (Setups to trade, as specific as possible) and discipline. Once you got a (backtested and working) Setup and your discipline, trading btcusd then is easy.
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September 10, 2021, 01:26:56 PM
 #172

If you have learnt all these trading tools like you said you have, then,  what remains for you is how to deploy your learnt skills into trading and start making wealth for yourself! Your first point of call is to distill those understanding to a bullet form strategy and begin to implement them.  You should test your strategy and tweak it to see how effective they are!  Your potential for growth and earning is limitless,  you just have to stay focus and use your skills!

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Alisha-k
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September 10, 2021, 10:07:01 PM
 #173

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


If you have successfully learnt all this then what you should add to your tool box is risk management and emotional control. Knowing when to accept your loss and knowing when to pull out of a winning trade. A lot of traders have good analysis but finds it difficult to know when to close their trade and take the available profit. Greed will make a good strategy look like a total waste of time

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March 03, 2022, 04:33:53 PM
 #174

I think it's all a very good combination, if I may suggest, try adding the 200 period EMA, this 200 period EMA to see the current trend, if the price moves above the 200 EMA then the current trend is bull, but vice versa if the price moves above the 200 EMA then the current trend is bull. the price is below the 200 EMA then the price is in a bear trend.

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Kasabus
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March 03, 2022, 09:26:08 PM
 #175

If you have learnt all these trading tools like you said you have, then,  what remains for you is how to deploy your learnt skills into trading and start making wealth for yourself! Your first point of call is to distill those understanding to a bullet form strategy and begin to implement them.  You should test your strategy and tweak it to see how effective they are!  Your potential for growth and earning is limitless,  you just have to stay focus and use your skills!
Learning all of these is not that easy but if you have not mastered them well, then most likely trading will not give you that positive results. Put all what you have learned into practice and by engaging yourself in different trading experiences using all strategies what you learned, that will help you to develop its mastery and expertise in the long run. So just keep on trading, the results of your action will certainly tell if you have been making progress in trading or not.

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ItsCrafty
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March 04, 2022, 04:06:53 AM
 #176

For Successful trader you should learn market bull and bear trend. These strategies you  seek not always work in crypto market.
Always try to do practically trade. This will increase your skill and you will learn more when you trade.

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March 06, 2022, 02:16:37 AM
 #177

I think you need to do trading in a serious way to become succesful trader.Serious means  you need to fucos on it. First you need to do basic trading with a small capital simply because if you are in a learning stage you will easily make a mistake and loss so used small amount of capital to be more safe and make you will gain learnings every trade you've done.
If these small projects of yours are not something like security in English, if you want to be a very successful trader here, you just have to learn from one mistake.  The catastrophe in the world is bloodshed and only those who can survive here can benefit from what I have seen for a very long time.
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March 06, 2022, 06:21:20 AM
 #178

I think you need to do trading in a serious way to become succesful trader.Serious means  you need to fucos on it. First you need to do basic trading with a small capital simply because if you are in a learning stage you will easily make a mistake and loss so used small amount of capital to be more safe and make you will gain learnings every trade you've done.
If these small projects of yours are not something like security in English, if you want to be a very successful trader here, you just have to learn from one mistake.  The catastrophe in the world is bloodshed and only those who can survive here can benefit from what I have seen for a very long time.
To be a successful trader, of course it is not that easy and it takes hard work too.
other than that all require a process, nothing is immediately successful,
with more experience and evaluate every mistake we make at least it's part of the process

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March 06, 2022, 12:33:56 PM
 #179

no matter how much trading knowledge you have, if you don't have mental resilience and also good emotional control then all of that is useless. Many beginners in trading just waste time learning analytical techniques but don't improve themselves with good emotional control. good luck!

R


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March 06, 2022, 04:10:41 PM
 #180

Since I am a new member I don't think my words will matter  We need to take some training so that we can trade them well with online cryptocurrency and we can get out of here with some profit.
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March 06, 2022, 09:23:38 PM
 #181

no matter how much trading knowledge you have, if you don't have mental resilience and also good emotional control then all of that is useless. Many beginners in trading just waste time learning analytical techniques but don't improve themselves with good emotional control. good luck!
They didn't waste a time because they learn something that is too important in trading. You can only say that they waste time if they watch t.v and play video games all day as that doesn't bring any benefits. They are still learning and maybe they are learning one at a time so they they didn't arrive yet on other branches to master trading but they will soon arrive there. They will soon know how to control their emotions as that can greatly improve their self as a trader.

@OP
That's impressive that you have now learned those things but maybe there's more to come, just keep on grinding and I'm pretty sure that you can become a successful trader soon.

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March 06, 2022, 09:54:47 PM
 #182

The most important thing is to pay attention to training. This aspect is the most important and requires attention.
Attention
Determination
Consistency
Patience
Dont have greedy mind
Dont rush up
Learn from mistakes.

Its seen that those things mentioned are technicals then other aspects could only be learnt
on actual experience and you would really find it for yourself.

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March 06, 2022, 10:19:53 PM
 #183

For starters to become a successful trader you must not be affraid to lose trades because you will not always win all your trades and most importantly to stay in the game for a long time... One needs to master the art of risk management which will give you an opportunity of not always loading cash into your trading account.

And lastly dont trade with emotions, enter trades based on analysis not because you lost a bullish trade and want to go all in for a sell... This will cost you, stick to your trading plan.

R


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March 06, 2022, 10:43:39 PM
 #184

These are just some of basic tools needed to become a successful trader, you may be need to add more while as well may not need to add anything more... Just practice well and choose the ones that best work for you.

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March 06, 2022, 11:26:08 PM
 #185

For starters to become a successful trader you must not be affraid to lose trades because you will not always win all your trades and most importantly to stay in the game for a long time.
Yes, don't be afraid to lose because it is a part of the experience and a lesson to be better in trading. For the starters, it is normal if you lose your money in the first attempt, the second attempt, or even the third attempt in trading. You need a process to have a better skill in trading and choose a proper strategy in trading. Your focus is to learn to have a good way in trading, and know well how to lower the risks. Losing money shouldn't make you quit as it happens to every crypto trader.


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March 07, 2022, 11:39:17 AM
 #186

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



You need to develop your skills and analysis, once you become expert of different strategies in trading you won't fail in different situations. Learning stage isn't easy, patience and control of emotions is very important. Of course your self confidence always matter, everytime you deal with pressures and struggles in the midst of trading difficulties.
determination and never get tired of learning, that's all you need added to the skills and analysis mentioned here, when you've achieved those, it's a go go for you.

Develop and work on your own strategy, it's very okay to learn the strategies used by other persons, but developing yours from their experiences is the best.

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Raymond Gary
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March 07, 2022, 01:42:20 PM
 #187

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



Things you need to become a successful trader
are
You need a plan , in the sense that you ask your what's your goal?,
what do you really want to achieve in your trading life?

You need Rule base system ,here you choose a trading system that will work for you and back test it using historical data.
Discipline is another important aspect of trading to be a successful trader , Avoid the spirit of greediness don't expect to gain all or win Everytime and go with whatever the market gives you, there is always another opportunity.
Use risk management and avoid trading what your account can't carry.
finally, have patient in every trade you placed, I believe with this tools and more you will one day become successful because learning is a process.
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March 07, 2022, 04:15:49 PM
 #188

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?



You need to develop your skills and analysis, once you become expert of different strategies in trading you won't fail in different situations. Learning stage isn't easy, patience and control of emotions is very important. Of course your self confidence always matter, everytime you deal with pressures and struggles in the midst of trading difficulties.
determination and never get tired of learning, that's all you need added to the skills and analysis mentioned here, when you've achieved those, it's a go go for you.

Develop and work on your own strategy, it's very okay to learn the strategies used by other persons, but developing yours from their experiences is the best.
Yes, what you say is true and basically all of that requires a process so plant that mindset in our minds,
keep learning and never stop because that is the important thing,
Besides that, seeking experience is also one of the things we need to do to become successful traders

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March 07, 2022, 07:01:58 PM
 #189

The most important thing to become a trader is knowledge as well as experience. Sufficient experience allows us to analyze the right time or strategy in trading. what you are doing is good by learning various things and you just need to add more knowledge and experience so that you can better adapt to trading. being a trader is not only based on one strategy, but we also have to be able to follow the flow of the crypto market, so sometimes the strategies used can change according to market conditions and we have to be able to adjust them well so we can trade well too. In addition, experience is also the best lesson to be better in the future.
You would get knowledge once you do gain experience and gaining experience is through actual engagement and you would able to find or discover for yourself on what are the things would be needed for you to survive this
unpredictable market.It wont be an easy journey since this would really be involving lots of trial and error which it would really be normal.You wouldnt really be making yourself a better trader if you wont experience those things which are actually that inevitable if you do ask me.Its not really that simple but not impossible which means you could actually do it.

R


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March 07, 2022, 08:29:06 PM
Last edit: March 17, 2022, 12:50:29 PM by mprep
 #190

Indicators are essentially necessary for newbies who are new in the crypto space. For you to start earning from crypto, you should start learning chart pattern. You should be able to Know the kind of chart pattern a coin is on. Though it is not easy for someone to master all the indicators at once, but with time, you will see yourself catching up and increasing your knowledge about crypto. Consistency and hard work is all it takes to excelled in this space.



For someone to be a successful trader, he or she should not be afraid to lose money to trading. The crypto space is all about Patience, consistency and hardwork. Bitcoin should not be your top priority in trading rather go for  Meme coins and alt coins, these coins pumped and dump. The good news is that they pumped and give you your profit and dump also. You should develop the mindset of getting ride of greed, because in trading, greed has cause the downfall of so many traders, those who trade with emotions and doubt.

[moderator's note: consecutive posts merged]
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March 07, 2022, 11:53:41 PM
 #191

you've learned a lot about indicators. If you can master all of them you are extraordinary. you only need to combine all the indicators you learn and be adapted to your trading way. Because all indicators are good if you master them.
It's an advantage if you know how to determine indicators and as well as have your analysis based on the facts that you can see in the market. Aside from that, fundamental factors will certainly help you out with your decisions.

Not only learning indicators, but psychology and money management are very important to make your trading work according to the strategy.
Yes, they're also factors that will make you successful or not. In money handling and management, that's also a struggle for many traders. They could be great in indicators and analysis but could fail with it.

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March 09, 2022, 10:10:40 AM
 #192

I have a secret for bitcoin trading, don’t operate it after buying it. After many years, you will find that you have become one of the smart people in the 20%. Hold it and keep buying it. You don’t need to do anything except buy it. Action, then this stage is 5 years.
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March 09, 2022, 12:51:32 PM
 #193

I have a secret for bitcoin trading, don’t operate it after buying it. After many years, you will find that you have become one of the smart people in the 20%. Hold it and keep buying it. You don’t need to do anything except buy it. Action, then this stage is 5 years.
That's no longer a secret.

Everyone knows that holding is profitable and we can have good days for just doing nothing but to hold it for a long time. 5 years is a long time to hold but we can have that confidence that it's really going to be of great value for bitcoin.

We have no clue what's in it after that long but we're all positive that with that span, our holdings are going to reach another milestone because of bitcoin reaching new ATH.



.
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March 11, 2022, 04:56:08 AM
 #194

like the op has attached and of course much more that can be learned either for free through youtube or online learning guided by those who are experts in their fields. Of course everything can be done and now in the current era everything is easy and there are lots of them available.
but in my opinion, the best learning is, of course, going straight into the trade, always starting with small things first and when you can recognize the nature of trading, gradually add more until you feel confident.
to remember that the mistakes we make are the best learning not to make mistakes again and again.

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March 11, 2022, 05:44:05 AM
 #195

Without having good knowledge before starting, traders will be fatal, generally people think that trading is easy, so just start trading without thinking, Trader knowledge is important.

Do traders according to ability, don't force and take risks Traders according to ability, start with smaller amounts, don't force traders directly in large numbers, have a good trading system analysis and so on, discipline and reality, you must have a profit and loss book, that's important, and a lot you can do in a trader.

R


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March 12, 2022, 05:11:04 PM
 #196

Cryptocurrency Day Special For newcomers, you need to look at the first four to earn from the essential currency. You should start by looking here. You need to know the type of a chart pattern.  You need more than luck to succeed in affiliate business
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March 15, 2022, 05:08:52 PM
 #197

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use  
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


To be a successful cryptocurrency trader, you must have adequate knowledge. These skills you have acquired are important, but you must also know how to apply them properly. To be a successful trader, you must understand the principles of risk management so that you can plan your trading strategy.

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March 17, 2022, 12:33:34 AM
 #198

Being a successful trader needs so many requirements,in order to be a successful trader,one must have the ability to have a nose for good coins.He must be able to make research,read,learn and study the best times to invest and when not to invest atall.There are so many things that  a successful trader needs in other to be the best in what he does.He needs enough capital to start his business too,securing the right coins and selling them when they've done well is another  thing that a trader must do to be successful in what he does.
Read about the coin you want to invest in,research more about quality and promising coins,learn from what has happened to others in the process of investing.
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March 17, 2022, 05:08:36 AM
 #199

The first thing you need to do to become a successful Tate trader here is to never lose your temper.  You can be a successful trader only if you accept that it will be profitable for you at some point and you have to be alone.
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March 18, 2022, 06:10:25 PM
 #200

The first thing you need to do to become a successful Tate trader here is to never lose your temper.  You can be a successful trader only if you accept that it will be profitable for you at some point and you have to be alone.
Temper has to do with emotion so yes it is needed because trading is a stressful activity. Different emotions can come depending on the flow of the price and to the news that your going to hear around you so it's important that we have a control of our emotion or self so that you won't get carried away and make a wrong decision because that can affect your trading performances and worst can make you lose.

Accepting the reality or the fact that trading is risky and there's no way to make easy money can make you feel more contented or confident about your trade. That's one way indeed to become successful but I don't get what you mean by "to be alone"? but most traders are already trading alone although it can be beneficial to work on a team of traders.

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March 19, 2022, 04:50:43 PM
 #201

I think its enough for a beginner. You have already discuss about the basic knowledge. The next thing is that how you run with the market. It is very important to judge the situation of market. If you judge the direction of market then it is very easy to trade in market. And the one more thing you only discuss about indicators. You did not not discuss about time frame. It is another most important thing brother. Keep it in mind.

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March 19, 2022, 05:26:31 PM
 #202

all you need is to always be hungry for knowledge so that you will continue to strive to upgrade your trading skills and mental.  Have you ever asked yourself, what would you do if you saw your asset valuation drop below 50%?  you must find and do the best answer, remember never to sell when you are losing, it is a condition not to lose when trading.

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March 19, 2022, 06:08:50 PM
 #203

The first thing you need to do to become a successful Tate trader here is to never lose your temper.  You can be a successful trader only if you accept that it will be profitable for you at some point and you have to be alone.
Temper has to do with emotion so yes it is needed because trading is a stressful activity. Different emotions can come depending on the flow of the price and to the news that your going to hear around you so it's important that we have a control of our emotion or self so that you won't get carried away and make a wrong decision because that can affect your trading performances and worst can make you lose.

Accepting the reality or the fact that trading is risky and there's no way to make easy money can make you feel more contented or confident about your trade. That's one way indeed to become successful but I don't get what you mean by "to be alone"? but most traders are already trading alone although it can be beneficial to work on a team of traders.

Most of those who succeed in this field are the ones who are good at controlling their emotions. Instead of quickly judging the market, they pause for a while to study the flow. It's important to have a good mindset while working in this industry. Many failed because of following their emotions instead of working it out and find the value of any decision making that they are taking.

It's true that a successful trader begins with working with knowledge, investing with proper education in terms of the system
that they'll going to use when dealing with this kind of industry.

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March 19, 2022, 06:47:30 PM
 #204

The first thing you need to do to become a successful Tate trader here is to never lose your temper.  You can be a successful trader only if you accept that it will be profitable for you at some point and you have to be alone.
Temper has to do with emotion so yes it is needed because trading is a stressful activity. Different emotions can come depending on the flow of the price and to the news that your going to hear around you so it's important that we have a control of our emotion or self so that you won't get carried away and make a wrong decision because that can affect your trading performances and worst can make you lose.

Accepting the reality or the fact that trading is risky and there's no way to make easy money can make you feel more contented or confident about your trade. That's one way indeed to become successful but I don't get what you mean by "to be alone"? but most traders are already trading alone although it can be beneficial to work on a team of traders.

Most of those who succeed in this field are the ones who are good at controlling their emotions. Instead of quickly judging the market, they pause for a while to study the flow. It's important to have a good mindset while working in this industry. Many failed because of following their emotions instead of working it out and find the value of any decision making that they are taking.

It's true that a successful trader begins with working with knowledge, investing with proper education in terms of the system
that they'll going to use when dealing with this kind of industry.
Good in controlling their emotions and good on controlling their greed and good on making out wise investment decisions and some common sense.Overall you would really
be needing these factors for you to sustain out into this market and you should bare up into your mind that learning everything couldnt be possible but as long you do
gain sufficient experience then you would definitely able to gradually to gain up knowledge which would really be a big help for your success in trading career.
Even though it wont really be that an assured thing but it isnt impossible imho.

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March 20, 2022, 03:41:22 AM
 #205

If you want to become a successful trader, first you must have the willingness to learn. Treat trading as a serious business. Know how to handle your emotions, have a good money management skills, disciplined and be patient.


https://www.investopedia.com/articles/trading/10/top-ten-rules-for-trading.asp
Top 10 Rules For Successful Trading

Rule 1: Always Use a Trading Plan
Rule 2: Treat Trading Like a Business
Rule 3: Use Technology to Your Advantage
Rule 4: Protect Your Trading Capital
Rule 5: Become a Student of the Markets
Rule 6: Risk Only What You Can Afford to Lose
Rule 7: Develop a Methodology Based on Facts
Rule 8: Always Use a Stop Loss
Rule 9: Know When to Stop Trading
Rule 10: Keep Trading in Perspective
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March 20, 2022, 03:54:26 AM
 #206

In terms of the theory that you learn, it's good that you also add skills and experience in trading because just theory is not enough if we don't practice directly. With this experience, we can increase our knowledge as well and we can also see what shortcomings can be improved for the next trade. the point is don't give up easily and keep learning and practicing so you can become a good trader. Becoming a successful trader also takes time, effort, and thought so we need to be patient and never give up on that. the results that will be obtained from trading depend on how we manage the assets we have, so be more careful.
It's true that just relying on theory will not be enough because when we enter the market it will be different,
in trading not only requires skills and knowledge but there are several other things that are important to have,
such as managing emotions, analyzing and others are also important therefore trading is not an easy thing and very complex

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March 20, 2022, 03:37:37 PM
 #207

For starters to become a successful trader you must not be affraid to lose trades because you will not always win all your trades and most importantly to stay in the game for a long time... One needs to master the art of risk management which will give you an opportunity of not always loading cash into your trading account.

And lastly dont trade with emotions, enter trades based on analysis not because you lost a bullish trade and want to go all in for a sell... This will cost you, stick to your trading plan.
There is no need to be afraid of losing anything here because part of the experience here is trading. They can get better. To get education here you go to the first endeavor, the second endeavor loses your money in the third endeavor, but this is normal.  You need to choose the right strategy. You need feedback. Your sister needs to be raw. You need to learn a good way to train and learn how to do better with less risk. Losing money should not leave you as it is in every business.
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March 20, 2022, 06:21:35 PM
 #208

Yes technical terms are much important to analyze the market. And need to get updated with whats going around the coin you have invested in and on crypto industry as the news might affect the growth of the coin you have invested besides the technical terms guidance. Besides all these, needs patience. Yes all struggle in the beginning with panic sales and losses. But yes their experience with strengthen the individual. Patience is he key to take the right and a satisfying decision.

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March 20, 2022, 09:24:04 PM
 #209

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use 
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?


To be a successful cryptocurrency trader, you must have adequate knowledge. These skills you have acquired are important, but you must also know how to apply them properly. To be a successful trader, you must understand the principles of risk management so that you can plan your trading strategy.
There is something that I always recommend according to my little experience, and that is to read, to have knowledge and that knowledge is given by books, technical analysis is very good, but before entering with technical analysis it is necessary to know how the market moves and I at least try to understand the reason for its movements, if we enter at once with technical analysis we can have many failures, even when entering only with technical analysis only with chartism it is likely that we do not know what phase the market is in and although sometimes it is fulfilled it is more likely to fail.

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March 20, 2022, 09:39:38 PM
 #210

Where can I do Bitcoin trading as a beginner?
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March 23, 2022, 03:04:18 PM
 #211

From here, if you are not well prepared for editing, then you must have a gradual idea. It has been seen that you have no idea. You have started trading with readiness to trade.  All the time you will just go to a stage where you will be at a loss, you will stand up, you will be ashamed, all your balance will be zero and you will not be able to gain from here.
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March 23, 2022, 08:29:27 PM
 #212


Good in controlling their emotions and good on controlling their greed and good on making out wise investment decisions and some common sense.Overall you would really
be needing these factors for you to sustain out into this market and you should bare up into your mind that learning everything couldnt be possible but as long you do
gain sufficient experience then you would definitely able to gradually to gain up knowledge which would really be a big help for your success in trading career.
Even though it wont really be that an assured thing but it isnt impossible imho.

I agree, not all succeed even they are fully equipped with knowledge that they needed, some failed because of greed oh maybe most failed because of greed, as even they have good plans before they make an entry but because of over thinking to where the market will proceed, instead of collecting their set targets, they choose to move forward and continue seeking for much better value, ending it up with losing position when the market fluctuates.

Though most are really taking a good path with good knowledge and keeping their trading skills being enhanced, they've got a better chance of collecting winning trades and continue to sort the market and taking a decent amount of benefits.

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March 23, 2022, 11:58:16 PM
 #213

To be a successful trader one must have a good knowledge of different exchanges. Moreover, he must have the right idea about the future of coins.

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rojan
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March 24, 2022, 02:10:09 PM
 #214

For starters to become a successful trader you must not be affraid to lose trades because you will not always win all your trades and most importantly to stay in the game for a long time... One needs to master the art of risk management which will give you an opportunity of not always loading cash into your trading account.

And lastly dont trade with emotions, enter trades based on analysis not because you lost a bullish trade and want to go all in for a sell... This will cost you, stick to your trading plan.
There is something in the Pregnancy Market whose experience is a part and there is something better about trading here Prakrit If you lose money on the first attempt, on the third attempt or even on the third attempt, it will be seen here that you will lose your maximum.  You will be able to take a good amount of profit and if you have no experience of trading then it will be seen that you will only lose.


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March 26, 2022, 11:55:27 PM
Last edit: March 27, 2022, 12:20:53 AM by NicNacCoin
 #215

To be a successful entrepreneur, you must have many qualities.You have to work hard and follow all the qualities that other traders have.Because you always have to donate time to learn.Only then can you become a successful trader.

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March 27, 2022, 06:59:38 AM
 #216

The current where risk the board will assist you with limiting your misfortunes while amplifying the benefits, it will assist you with turning into an effective merchant, believe me. I figure connection with dealers will likewise add greater advancement by means of exchanging.
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March 27, 2022, 08:55:27 AM
 #217

Whatever your strategy is, of course we must always develop it, in the sense that it is always evaluated, so that our development continues to increase. For this reason, continuous practice is needed. because there is no trader without some experience. and from that experience that will make us smarter in trading and form trading intuition naturally. maybe strategy can be learned in theory, but in reality it is experience that will solidify our strategy

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