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Author Topic: what do i need to be a successful trader ?  (Read 1678 times)
fearfulcalm
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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
fearfulcalm
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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.

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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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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,

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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

sempak
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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.

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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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XCANA
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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.

Benefactor
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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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jossiel
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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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