Journey of a successful trader

[Ararbermas]

 I don't know if most of new traders nowadays really following the proper way to become a successful trader. because to be honest what i see is a bunch of frustrated traders and some traders that still keep pushing despite of their losses..

Actually I've been there when i was new because of greediness and etc wherein until i found this information from some group in the internet , sorry but i forgot the name but the title say "a journey to become a successful trader". .

So that time i decided to start from the beginning and after how many months there's literally a big changes on me and i become more confident when it comes trading..

That's why i create this thread to help every new trader and to tell them that there's a real path for it.

Actually there's only 8 steps to become a successful traders so better to follow it than creating your own journey.!

1. Learn the basics - make sure to understand all the basic concepts before advancing

2. Choosing a system - develop your system

3.Trading plan - Create a trading plan around your trading system

4. Back testing - Now it is time to test your system by back testing and also forward testing

5.Review - track and review your trades Calculate your expectancy

6. Demo testing - Trade it like a live account & build knowledge

7. Live trading - manage your risk and trust your trading plan

8. Professional trader - grow your account exponentially, keep reviewing and logging your trades. Be consistent and be disciplined!


Credit to the respectful owner of these information..

[1715345223]

1715345223

[Anguwa]

I don't know if most of new traders nowadays really following the proper way to become a successful trader. because to be honest what i see is a bunch of frustrated traders and some traders that still keep pushing despite of their losses..

Actually I've been there when i was new because of greediness and etc wherein until i found this information from some group in the internet , sorry but i forgot the name but the title say "a journey to become a successful trader". .

So that time i decided to start from the beginning and after how many months there's literally a big changes on me and i become more confident when it comes trading..

That's why i create this thread to help every new trader and to tell them that there's a real path for it.

Actually there's only 8 steps to become a successful traders so better to follow it than creating your own journey.!

1. Learn the basics - make sure to understand all the basic concepts before advancing

2. Choosing a system - develop your system

3.Trading plan - Create a trading plan around your trading system

4. Back testing - Now it is time to test your system by back testing and also forward testing

5.Review - track and review your trades Calculate your expectancy

6. Demo testing - Trade it like a live account & build knowledge

7. Live trading - manage your risk and trust your trading plan

8. Professional trader - grow your account exponentially, keep reviewing and logging your trades. Be consistent and be disciplined!


Credit to the respectful owner of these information..

These steps are quite alright to give proper guidance and support to become a successful trader. But remember there is this Adage that says "It's not all that glitters are Gold" even though the steps are well good and self explanatory, but it will still not favor some traders, must times due to greediness. Because some traders cannot take advantage of the little profit they have, they will still be waiting thinking more profits will come, until maybe the market goes down again.

[joeperry]

I'm not that really good trader, this guide is good but probably would be difficult to follow like me I can't do a back testing, I really don't know how to do that. Do you have some guides on how to do a back testing? I usually see the back testing when someone is doing a strategy and they wanted it to execute using their own bots.

[boyptc]

IMHO, a holder is also a trader.

And with those strategies that you've mentioned, they're good if they're effective to you. But to say that there's only a certain number to become a successful trader.

It differs and varies to each trader.

Everyone can experience dynamic strategies that are not on that list or even fewer based on how they see themselves effective with the strategies that they've come up with.

[Ararbermas]

I'm not that really good trader, this guide is good but probably would be difficult to follow like me I can't do a back testing, I really don't know how to do that. Do you have some guides on how to do a back testing? I usually see the back testing when someone is doing a strategy and they wanted it to execute using their own bots.

back testing is when you're looking for a pattern/strategy on the previous history wherein to figure it out how accurate it is in different time frames.

Just try one strategy, for example supply and demand/support and resistance and some pattern such head and shoulders, double button and etc.

If you are not familiar with these patterns/strategies make research and learn them and also don't forget to take a screenshot so that when you back testing you can identify them easily..

[joeperry]

back testing is when you're looking for a pattern/strategy on the previous history wherein to figure it out how accurate it is in different time frames.

So it is different with the back testing with the bot? or was it the same thing? Thank you for replying to my post, I'll think I'll dig more in this back testing to follow this steps of yours to become a successful trader.

[palle11]

I think your number 4 and 6 are suppose to mean same thing. Back testing and demo is more of talking alike. Your help is good for newbies.

As a trader demo trading is needed to test run your idea and your plans/strategy to see what you prefer most to trade with. In demo, you compare different leverage and this is important.

back testing is when you're looking for a pattern/strategy on the previous history wherein to figure it out how accurate it is in different time frames.

So it is different with the back testing with the bot? or was it the same thing? Thank you for replying to my post, I'll think I'll dig more in this back testing to follow this steps of yours to become a successful trader.

I think back testing means that you already have a pattern and you want to understudy it. You want to look through the charts and graphs to get the pattern, so you can trace based on time,date etc.

[Mauser]

Very good summary of how you became successful in trading. I like the emphasis you put on testing your strategies before investing any real money. It's important to make sure that a strategy really works and we didn't only be lucky a few times. Both live testing and testing against historical data helps to show how profitable a strategy really is.  It's usually traders who lose money that write about their bad experiences. We need more stories like yours, traders who started small and invested a lot of time and effort into their trading system. Gaining experience along the way to become a professional trader one day. For me personally it's still a long way to become a professional and successful trader. I had my success trades in the past, but these were geverally due to the overall market rallying.

[Johnyz]

What's the basis of a successful trader anyway? Is this more about profit or more about being consistent?

Anyway, its good to know that you are able to find success in trading which many are still struggling about it, this is a good list and a proof that trading is not easy at all. This is a risky way to get involve in the market, you play your own money here and trying to beat the market. Trading can be more profitable once you already know what to do. Let's continue to learn more about trading, and I'm sure we can all make money here by being more consistent especially on following your strategy.

[jrrsparkles]

A brief explanation of all thise steps might be helpful for a newbie to understand because I don't get what is the trading system and next is planning and next is testing? All these comes under building your own strategies right which is more appropriate and eliminate 3 to 4 of the steps.

[gantez]

8. Professional trader - grow your account exponentially, keep reviewing and logging your trades. Be consistent and be disciplined!

This point is well pleced as the last because it crowns it together. A professional is that person who has master the trade and easily getting profit and consistent also. But I think it does not stop there for the professional because there can be trade confusion and he needs to have a recheck on the strategy to come better. So there is the review for the professional trader, professionals keep learning everyday in life.

[Obito]

A brief explanation of all thise steps might be helpful for a newbie to understand because I don't get what is the trading system and next is planning and next is testing? All these comes under building your own strategies right which is more appropriate and eliminate 3 to 4 of the steps.

Totally agree, don't bombard a newbie with a lot of information because it's not helpful and it only ends up with them not learning the important parts because they were lost in the sea of information that you've shared. To all aspiring traders, remember that it's not an instant success, it's going to be a grind and it's difficult for you to do it if you don't have that kind of mindset.

[michellee]

Maybe I'll add one more. Don't ever think that you are a professional trader who can make big profits in one trade because it can make you a proud person without realizing that above the sky, there is another sky. If you can make a lot of money trading, it is better to keep humble, not feel overconfident and never say that you are very good at trading.

Even if you are a professional trader, you still need to learn because learning to trade will never stop until you decide to stop trading one day.

[tbct_mt2]

Along the journey of a successful trader, painful experience with loss is unavoidable. If any successful trader says he or she has never gotten loss in trading, short term and long term, small and big enough, it is lie. I don't mind who is the person says it but it is definitely a lie and you should find another person to learn or listen to, not that one.

So to succeed, you must learn hard, practice carefully and because you must get loss, you should never all in your fund for any trade, any account. Let's allocate your capital to many pieces, many accounts and many rounds of tradings. With traders or investors, if you lose all capital, it's the end.

[Cling18]

I'm not that really good trader, this guide is good but probably would be difficult to follow like me I can't do a back testing, I really don't know how to do that. Do you have some guides on how to do a back testing? I usually see the back testing when someone is doing a strategy and they wanted it to execute using their own bots.

There are lots of resources that you could find online these days. Video tutorials are also reliable. Most of the trading details that we want to learn could easily be found on the internet, we only have to be eager to do research. Practice is always the best way of learning and for you to be able to do it, the given step-by-step guide will be a big help.

[beerlover]

Do not forget the adjusting part as well. Any great trader would know that you would have to adjust your system time and time again. Even a system that works perfectly will end up being not a great thing in the long run.

Doesn't mean that you shouldn't use that, it just means that even the most perfect one will need to be changed eventually. That is why I believe that we should not be focusing too much on the creating the perfect system, but try to have a system that is open for micro-adjustments at all times. That way you would never have a settled system for too long and you will always end up with better and better results in the long run as well.

[harizen]

Actually there's only 8 steps to become a successful traders so better to follow it than creating your own journey.!

I won't argue that those are good references, it's good honestly. However, it was simply said than being done. If those things are that easy to achieved, we are all successful by now.

Can we define the true meaning of "successful trader"?

For me, just continue to lurk every day in the world of trading. Experience losses, regrets, disappointment, etc. as that will be the best foundation we have in building a good trading journey.

[Botnake]

Actually there's only 8 steps to become a successful traders so better to follow it than creating your own journey.!

I won't argue that those are good references, it's good honestly. However, it was simply said than being done. If those things are that easy to achieved, we are all successful by now.

Can we define the true meaning of "successful trader"?

For me, just continue to lurk every day in the world of trading. Experience losses, regrets, disappointment, etc. as that will be the best foundation we have in building a good trading journey.

Thanks for the shared information OP. But for me, you can have your own strategy on how you will exceed in trading. As long as you're not making frequent losses, i guess you are still good in trading. But honestly, what makes us all successful traders is that we often make motivations from all our negative experiences, unexpected losses and yes, pressures and regrets. And we never quit having all of them as being a successful trader is not just developed within a day or month, but a lot of years from taking risk and trading management.

[JooBra]

Actually there's only 8 steps to become a successful traders so better to follow it than creating your own journey.!

I won't argue that those are good references, it's good honestly. However, it was simply said than being done. If those things are that easy to achieved, we are all successful by now.

Can we define the true meaning of "successful trader"?

For me, just continue to lurk every day in the world of trading. Experience losses, regrets, disappointment, etc. as that will be the best foundation we have in building a good trading journey.

Thanks for the shared information OP. But for me, you can have your own strategy on how you will exceed in trading. As long as you're not making frequent losses, i guess you are still good in trading. But honestly, what makes us all successful traders is that we often make motivations from all our negative experiences, unexpected losses and yes, pressures and regrets. And we never quit having all of them as being a successful trader is not just developed within a day or month, but a lot of years from taking risk and trading management.

Knowing basics is good but having years of failure and experience is what makes you really really good so I agree with you on that.

[palle11]

Along the journey of a successful trader, painful experience with loss is unavoidable. If any successful trader says he or she has never gotten loss in trading, short term and long term, small and big enough, it is lie. I don't mind who is the person says it but it is definitely a lie and you should find another person to learn or listen to, not that one.

I get the point here that you are saying. I think that while we watch the videos of traders in YouTube we can know genuine traders by the losses they have and not to avoid talking about there losses because as you said that every trader record some losses but at lower times compared to the profit made. The profit should be higher in percentage to the losses.

[CaVO32]

Actually there's only 8 steps to become a successful traders so better to follow it than creating your own journey.!

I won't argue that those are good references, it's good honestly. However, it was simply said than being done. If those things are that easy to achieved, we are all successful by now.

Can we define the true meaning of "successful trader"?

For me, just continue to lurk every day in the world of trading. Experience losses, regrets, disappointment, etc. as that will be the best foundation we have in building a good trading journey.

I have to agree that a successful trader should experience those losses, regrets and other things that will give him solid foundation in this trading journey. It is not always he is in the winning side. Losses will teach him lessons where he made mistakes. And possibly make use of those lessons learned as he embarks again his trading journey. Yes, the steps are simple but when you apply it on yourself, it is somewhat complicated. But if you are diligent enough to go thru this journey, in time, you will reap your rewards.

[rhomelmabini]

Don't you forget your psychological behavior towards trading as it was more crucial than anything else. You may have a perfect system, a trading plan, etc. but if your resolve towards this journey isn't firm then consider it as a failure in the very beginning. Maybe you can put that on the list.

[Mahanton]

Don't you forget your psychological behavior towards trading as it was more crucial than anything else. You may have a perfect system, a trading plan, etc. but if your resolve towards this journey isn't firm then consider it as a failure in the very beginning. Maybe you can put that on the list.

Whether you do like or not you would definitely able to experience it and for you to sustain and survive on this unpredictable market then you should consider on developing this
because its true that no matter how perfect the system you do have if you do sucks on handling out your emotion then you would just simply commit out mistakes.
This would be the main reason on why you would definitely fail which means that this area would needing to be that handled or developed well.

[stadus]

Actually there's only 8 steps to become a successful traders so better to follow it than creating your own journey.!

I won't argue that those are good references, it's good honestly. However, it was simply said than being done. If those things are that easy to achieved, we are all successful by now.

Can we define the true meaning of "successful trader"?

For me, just continue to lurk every day in the world of trading. Experience losses, regrets, disappointment, etc. as that will be the best foundation we have in building a good trading journey.

I have to agree that a successful trader should experience those losses, regrets and other things that will give him solid foundation in this trading journey. It is not always he is in the winning side. Losses will teach him lessons where he made mistakes. And possibly make use of those lessons learned as he embarks again his trading journey. Yes, the steps are simple but when you apply it on yourself, it is somewhat complicated. But if you are diligent enough to go thru this journey, in time, you will reap your rewards.

The steps are quite simple but actually they are not that easy to follow once you're in real trading already. We still stick to what we used are doing and the fact that we are also making good profits from it, then its good to say that our own strategies are still working. But i believe if traders can follow those steps listed by OP, it will open to more opportunities to gain profits and maybe losing will certainly be minimized. However, we can still have our own choices either in which we think we are still comfortable of doing.

[freedomgo]

Don't you forget your psychological behavior towards trading as it was more crucial than anything else. You may have a perfect system, a trading plan, etc. but if your resolve towards this journey isn't firm then consider it as a failure in the very beginning. Maybe you can put that on the list.

Whether you do like or not you would definitely able to experience it and for you to sustain and survive on this unpredictable market then you should consider on developing this
because its true that no matter how perfect the system you do have if you do sucks on handling out your emotion then you would just simply commit out mistakes.
This would be the main reason on why you would definitely fail which means that this area would needing to be that handled or developed well.

You would not succeed in trading if you don't have the right attitude on it. Not just in trading, but in all aspects being able to manage your emotions is very essential as you don't want to end up embarking on a wrong tree. And as far as i'm concerned, that's already given in the first place before you decide to take the risk in trading, otherwise trading will not fit for you.

[Coyster]

There are quite a lot of threads guiding newbies on how to start trading, and i am pretty sure there will be more, do not get me wrong, your thread is likewise helpful, i just hope people who actually want to be traders are painstakingly going through all of the guidelines made available to them. I actually noticed something of late, many people just hear about Bitcoin and immediately want to trade, i am talking about newcomers and total novices here, i think many of them think they are guaranteed to make profit when they trade, people should understand that trading is indeed a process, and they must go through every step, and going through all that still does not mean you will be successful, but it will definitely increase your chances of success and reduce that of huge losses.

[Rengga Jati]

Journey of a successful trader

This will need a long story and also some precious lessons and learning as you said. I agree with those lists.
Additionally, a successful trader is commonly not an instant trader. He must have passed many experiences, both bad experiences and also good experiences. Many mistakes were done, many lessons were taken, doing mistakes, evaluating the mistakes, taking the lessons, and repairing the strategy based on the previous mistakes.
Some trials and errors may be also there coloring the journey. Sadness and happiness are there around the successful trader.
He is not the one who becomes rich overnight, he must be the one that has passed many things. And of course, he never gives up on what happened to him, with tough in trading.
SOmeone may stare at him about his success, but no one really understands what he has been doing and experiencing so far.
And success for one another may be also different, to measure success, we need to determine some things. We may consider that he has been successful, but he may not think so because he is still here trying to be better and better again.

[rhomelmabini]

Don't you forget your psychological behavior towards trading as it was more crucial than anything else. You may have a perfect system, a trading plan, etc. but if your resolve towards this journey isn't firm then consider it as a failure in the very beginning. Maybe you can put that on the list.

Whether you do like or not you would definitely able to experience it and for you to sustain and survive on this unpredictable market then you should consider on developing this
because its true that no matter how perfect the system you do have if you do sucks on handling out your emotion then you would just simply commit out mistakes.
This would be the main reason on why you would definitely fail which means that this area would needing to be that handled or developed well.

You would not succeed in trading if you don't have the right attitude on it. Not just in trading, but in all aspects being able to manage your emotions is very essential as you don't want to end up embarking on a wrong tree. And as far as i'm concerned, that's already given in the first place before you decide to take the risk in trading, otherwise trading will not fit for you.

It's always the crucial thing to have as you progresses. Some successful trader was patient and most are into long term and I think those traders who are into long term has trained themselves to manage how they'll behave. This volatile market needs patience the most and if not then expect to fail.

[palle11]

Some trials and errors may be also there coloring the journey. Sadness and happiness are there around the successful trader.

That is sure to say. Being an expert in trading looks like a gold that is still in crude stage but now cleaned up and everyone is liking it. Being a professional trader is not easy, you have to deprive yourself of your time because you have to learn, read and practice what you have learnt. Including also your money involved in it and many times you lose it but because of the high passion, you will continue to get to the top.

[Ryker1]

Well, is there a successful trader?
I may think that 30% of trading is based on luck and I don't how you will make it 100% just to be considered perfect. Though the tips and guidelines provided by the OP were right it does not enough to make a good trader ^{[at least no a successful one]}. There are too many factors to consider before you will call yourself a good trader and it should be a long thread to discuss them all.

[Rehan Zakir]

Journey of a successful trader is not so easy. It has to bear so many failures to become a successful trader.
First we have to learn basics about trading. How to place a trade? When to take entry in market? When we exit from market? These are the most confusing questions of every crypto trader. But i believe that your bad experience can tells you their answers. Your experience tells you about how to place stop loss and which is the best entry level in market.
I am in crypto industry from more then 4 years. I have learnt too many things from my experience.

[jhonjhon]

Don't you forget your psychological behavior towards trading as it was more crucial than anything else. You may have a perfect system, a trading plan, etc. but if your resolve towards this journey isn't firm then consider it as a failure in the very beginning. Maybe you can put that on the list.

Whether you do like or not you would definitely able to experience it and for you to sustain and survive on this unpredictable market then you should consider on developing this
because its true that no matter how perfect the system you do have if you do sucks on handling out your emotion then you would just simply commit out mistakes.
This would be the main reason on why you would definitely fail which means that this area would needing to be that handled or developed well.

You would not succeed in trading if you don't have the right attitude on it. Not just in trading, but in all aspects being able to manage your emotions is very essential as you don't want to end up embarking on a wrong tree. And as far as i'm concerned, that's already given in the first place before you decide to take the risk in trading, otherwise trading will not fit for you.

Absolutely right..Trading plan would be useless if you dont know how to manage your emotions. Yes, emotions are everything in trading. You have never going to be success unless you can control those emotions.And when you can start control your emotions, you're gonna start to make more money.
Even if you have the best strategy in the world,if you dont have descipline,you will lose your money.

[Strongkored]

Be consistent and be disciplined!

Consistency and discipline is quite difficult to do especially for new traders who are often tempted by the achievements of other traders without trying to understand that what they have achieved has gone through a long process.
I agree consistency and discipline is the ultimate key to successful in trading without it all science would be seen in vain because traders will more often violate what they already understand.

[Viscore]

Don't you forget your psychological behavior towards trading as it was more crucial than anything else. You may have a perfect system, a trading plan, etc. but if your resolve towards this journey isn't firm then consider it as a failure in the very beginning. Maybe you can put that on the list.

Yeah right, having the right strategy isnt good enough if you dont know how to manage emotions towards trading. Do not let your emotions ruin everything coz it can give you bad results .Trading psychology is your foundation, and without it your trading will end up faster. And possibly leads you to stress and anxiety. Having discipline and consistency is the key to success.

[Edith1994]

IMHO, a holder is also a trader.

And with those strategies that you've mentioned, they're good if they're effective to you. But to say that there's only a certain number to become a successful trader.

It differs and varies to each trader.

Everyone can experience dynamic strategies that are not on that list or even fewer based on how they see themselves effective with the strategies that they've come up with.

Yes I agree totally with you, every one experience different strategies base on there encounter in life.

[seleme]

Having a financial background will surely accelerate trader passing first levels quickly, without basic understanding of financial terms I doubt user will be familiar in short term studies. Having a dedicated trading plan and keep applying your own trading rules on each single trade will make trader successful and profitable the long term. Demo trading isn't same as live trading with your own capital, emotions can affect your next trading decision, so stick to small bankroll rather than demo trading, IMO.

[boyptc]

IMHO, a holder is also a trader.

And with those strategies that you've mentioned, they're good if they're effective to you. But to say that there's only a certain number to become a successful trader.

It differs and varies to each trader.

Everyone can experience dynamic strategies that are not on that list or even fewer based on how they see themselves effective with the strategies that they've come up with.

Yes I agree totally with you, every one experience different strategies base on there encounter in life.

And that experience you've made will teach you how to proceed and become better with the market.

Some experiences are good to remember and some are good to be forgotten. Successful traders never stop learning and experiencing good and bad trades.

But the deal is to minimize the loss that we don't like to extend with our trades.

[Hamphser]

Having a financial background will surely accelerate trader passing first levels quickly, without basic understanding of financial terms I doubt user will be familiar in short term studies. Having a dedicated trading plan and keep applying your own trading rules on each single trade will make trader successful and profitable the long term. Demo trading isn't same as live trading with your own capital, emotions can affect your next trading decision, so stick to small bankroll rather than demo trading, IMO.

Have some experience in demo trading which i could really say that its a whole different kind of experience yet you couldnt able to enhance out your emotional aspects or psychology thing when you are doing demo.

This is why i had decided on starting up on small capital on which you could at least able to deal or engage with  the market with real funds and experience where it could really be helpful later on.

Trading journey doesnt talks about 1 or 2 days on which it would take years or long months before you could able to have a good grasp on it.

[tippytoes]

Having a financial background will surely accelerate trader passing first levels quickly, without basic understanding of financial terms I doubt user will be familiar in short term studies. Having a dedicated trading plan and keep applying your own trading rules on each single trade will make trader successful and profitable the long term. Demo trading isn't same as live trading with your own capital, emotions can affect your next trading decision, so stick to small bankroll rather than demo trading, IMO.

Have some experience in demo trading which i could really say that its a whole different kind of experience yet you couldnt able to enhance out your emotional aspects or psychology thing when you are doing demo.

This is why i had decided on starting up on small capital on which you could at least able to deal or engage with  the market with real funds and experience where it could really be helpful later on.

Trading journey doesnt talks about 1 or 2 days on which it would take years or long months before you could able to have a good grasp on it.

Demo is just for tutorial purposes on how to see the options on the site. This is why it is very different with actual experience. You are just allowing yourself to be comfortable on what to press and whatnot. But when it comes to actual trading, it won't teach you the strategies, you will be the one who will teach that yourself. A small fund is a good start to learn the basics.

[Scripture]

Having a financial background will surely accelerate trader passing first levels quickly, without basic understanding of financial terms I doubt user will be familiar in short term studies. Having a dedicated trading plan and keep applying your own trading rules on each single trade will make trader successful and profitable the long term. Demo trading isn't same as live trading with your own capital, emotions can affect your next trading decision, so stick to small bankroll rather than demo trading, IMO.

Demo is fine to familiarize yourself on the platform you are using, and I agree that using a small capital first is much better especially if you already know how to execute your trades on exchange. Successful trader can’t be done in just a month, it usually takes time so be more patient and just stay consistent because trading is also a volatile journey along with the market.

[GreatArkansas]

Having a financial background will surely accelerate trader passing first levels quickly, without basic understanding of financial terms I doubt user will be familiar in short term studies. Having a dedicated trading plan and keep applying your own trading rules on each single trade will make trader successful and profitable the long term. Demo trading isn't same as live trading with your own capital, emotions can affect your next trading decision, so stick to small bankroll rather than demo trading, IMO.

Demo is fine to familiarize yourself on the platform you are using, and I agree that using a small capital first is much better especially if you already know how to execute your trades on exchange. Successful trader can’t be done in just a month, it usually takes time so be more patient and just stay consistent because trading is also a volatile journey along with the market.

There are also some platforms that offer testnet/demo account, where you can fund your account some amount but it's just for testing only.
It's like you are using play money or not real funds but there, it is working like the real one, so there you don't need to deposit any small amount of funds or whatever, just create a test/demo account.

Here are some example of testnet/demo trading platforms:
https://testnet.bitmex.com/
https://testnet.bybit.com/

[rhomelmabini]

Demo trading isn't same as live trading with your own capital, emotions can affect your next trading decision, so stick to small bankroll rather than demo trading, IMO.

Demo are for novice and it's not bad but as you progresses you need to live up on the realm of live trading, it's has a huge difference compare to demo trade and copy trade. Sticking to small bankroll is the best advice but as you progresses as well it will be subjective to stick or you can do the dollar cost averaging strategy.

[Zilon]

This plans are quite good but one can easily forget them while trading i will simply add having all this laid down trading guide infront of your trading desk so that it serves as guide and caution once emotions tries to set in. and having a particular trading spot will be best so your guide will always be in view while trading to avoid doing anything outside your trading plan and tom get a call back when the otherwise creeping into the initial plan

[Slow death]

this cryptocurrency trading journey? because to this day I see people posting stories about how to be a good successful trade but I don't see proof I don't see them talking about how much money they started trading, what was the loss and profit, they just keep talking about theory of how to make a good trade, to motivate people and I need to show proof

This plans are quite good...

if he had shown proof I could say it's a good thing or a bad thing. stories Is what there is a lot on the internet, but few show the practice

[maydna]

Demo trading isn't same as live trading with your own capital, emotions can affect your next trading decision, so stick to small bankroll rather than demo trading, IMO.

Demo are for novice and it's not bad but as you progresses you need to live up on the realm of live trading, it's has a huge difference compare to demo trade and copy trade. Sticking to small bankroll is the best advice but as you progresses as well it will be subjective to stick or you can do the dollar cost averaging strategy.

Using a demo account is okay to learn to trade, and perhaps that is what beginners need before they deposit their money into the market. You can also learn about controlling your emotions while trading, as many find it difficult to do so. By using a demo account, you can use big money to trade while learning, so hopefully, once you understand analyzing the market, you can start trading with your money right away. But still, you need to control your money and emotions in real trading.

[gabbie2010]

Though I have not been perfect yet as a crypto trader, I am at the concluding part of the beginner level, I followed most of the points highlighted by the OP, I have a personal journal where I take note of Price Actions of the candlestick patterns, of course bearing in mind that 'price history repeat itself' I had already devised my own personal trading strategy based on candlestick formation which I had backtested, though I have not perfected it to my satisfaction, I am still fine-tuning it, of course I have been trading Isolated margin with Binance though with small fund to test and control my emotion while trading live my profit so far has been break-even.

[Flexystar]

Yup dude that’s the proper way to do it. I just hope all those frustrated traders now go through your thread and learn a bit from it.

I envy the folks who are making such good threads and spreading the step by step tutorials. Though they are small reads they are to the point and rest work like expansion and research is to be done by those traders. In crypto currency trading things are even baffling and could take wrong turn at anytime. So best advice to march towards best lessons and then trade.

[Jazzi Mahesh]

Part-time forex trading is a successful way to increase your income. Even if you work full-time or part-time, there are plenty of hours of the day to trade in this potentially lucrative market.

[Kasabus]

Yup dude that’s the proper way to do it. I just hope all those frustrated traders now go through your thread and learn a bit from it.

I envy the folks who are making such good threads and spreading the step by step tutorials. Though they are small reads they are to the point and rest work like expansion and research is to be done by those traders. In crypto currency trading things are even baffling and could take wrong turn at anytime. So best advice to march towards best lessons and then trade.

It's always best to learn from the experts i guess. But i think having all of these are quite easy to learn but when you start applying it, its quite hard to do. Because the trading market is always unpredictable, so you can't just say this is the next thing i will do. Of course, there's always advantage if you have certain steps to follow but you should have reserved other alternatives too in case your trading plans will not succeed. For me, i don't tend to follow step by step, as i always consider the market trend and events that will motivate me what's the next thing to do. As long as i'm still making consistent profits, that would be enough for me.

[Finestream]

IMHO, a holder is also a trader.

And with those strategies that you've mentioned, they're good if they're effective to you. But to say that there's only a certain number to become a successful trader.

It differs and varies to each trader.

Everyone can experience dynamic strategies that are not on that list or even fewer based on how they see themselves effective with the strategies that they've come up with.

Yes I agree totally with you, every one experience different strategies base on there encounter in life.

And that experience you've made will teach you how to proceed and become better with the market.

Some experiences are good to remember and some are good to be forgotten. Successful traders never stop learning and experiencing good and bad trades.

But the deal is to minimize the loss that we don't like to extend with our trades.

Trading is a never ending learning process so one should not stop even at a point that you are seeing yourself very successful in trading. But i believe the end point here is to see yourself not subside to losses and that you are capable for consistent profits. And definitely, trading is more on how you take advantage on the current market conditions, and that losses in the past should always be your motivation to be better in trading.

[rhomelmabini]

Demo trading isn't same as live trading with your own capital, emotions can affect your next trading decision, so stick to small bankroll rather than demo trading, IMO.

Demo are for novice and it's not bad but as you progresses you need to live up on the realm of live trading, it's has a huge difference compare to demo trade and copy trade. Sticking to small bankroll is the best advice but as you progresses as well it will be subjective to stick or you can do the dollar cost averaging strategy.

Using a demo account is okay to learn to trade, and perhaps that is what beginners need before they deposit their money into the market. You can also learn about controlling your emotions while trading, as many find it difficult to do so. By using a demo account, you can use big money to trade while learning, so hopefully, once you understand analyzing the market, you can start trading with your money right away. But still, you need to control your money and emotions in real trading.

I don't think you can control your emotions while on a demo trade account, it's a different thing when there's a monetary value is on the line compare to just a free one. The purpose for a demo account is to learn while you aren't yet ready, hands-on learning is the best experience at all.

[worle1bm]

There are many things that can be classified or say related to successfull trader like you have mentioned in the @OP but for me things like patience, knowledge and experience are the top priority that can show us path in this trading journey while making profits.I am myself not short term or day trader as it requires lot of experience and risk is more but now I am only into long term investment moves with some good coins only.But being a trader is easy but being successful and experienced is not.

[Coin_trader]

I don't think you can control your emotions while on a demo trade account, it's a different thing when there's a monetary value is on the line compare to just a free one. The purpose for a demo account is to learn while you aren't yet ready, hands-on learning is the best experience at all.

Fair point, Demo trading main purpose is to test the strategy that trader planning to do on actual trading. There's no such thing as emotion while trading because you need to rely solely on your strategy no matter what happened that's why you need demo trading to back test the profitability of the strategy that you come up.

If a trader strategy is still being affected by emotion. He or she need to halt on trading and practice more until he became confident on hist strategy. You will not gonna worry on your trading if you have faith on your setup.

[Mpamaegbu]

OP, you've got nice snippets there from numbers one to eight. However, all that will have to depend on just one thing to become a reality. That's the trader's ability to control their emotion. No trader will remain consistently profitable without self discipline to a trading plan even with a thought out plan.

Demo is just for tutorial purposes on how to see the options on the site. This is why it is very different with actual experience. You are just allowing yourself to be comfortable on what to press and whatnot. But when it comes to actual trading, it won't teach you the strategies, you will be the one who will teach that yourself. A small fund is a good start to learn the basics.

Demo trading is not the same thing as real live trading, that I've come to realize over the year. It's so because with demo there's no emotional involvement of the trader. The trading capital is not real and that doesn't bother traders as much when they're losing. My advice is for anyone who's going into trading to fund a real live account after a few weeks of demo trading. Don't dwell on demo trading for months. It won't help your case

[RealMalatesta]

This plans are quite good but one can easily forget them while trading i will simply add having all this laid down trading guide infront of your trading desk so that it serves as guide and caution once emotions tries to set in. and having a particular trading spot will be best so your guide will always be in view while trading to avoid doing anything outside your trading plan and tom get a call back when the otherwise creeping into the initial plan

Everyone was once a novice in the market, and they had to work their way up by learning and applying the strategies that they have learnt. That’s the way it works, I don’t think there is anyone that started off as a professional. I can remember the first I started with cryptocurrency I was still working in an office and I had no clue about what crypto trading was all about. But I didn’t rush it, it even took me some months of constant studying to understand how trading works and how to go about it before I started.

Demo trading and Copy trading are different. Demo trading accounts are used for experimenting with the trade market before you start putting in real money. As for copy trading, it’s a type of trading you have to rely on professional traders by copying their every move, and you’re doing this with your real money, it’s not like a demo account, it’s same thing with live trading, the difference is that you’re not the one making the trade, you’re relying on someone else’s decision.

[Reid]

I appreciate what you did here. Thank you. What I always do is go back to the basics. You win one trade, go back. You lose one trade, go back. So I guess number 1 for me is the best tip of all.
Sometimes we tend to be too proud of the success and we cross the lines then look away from the plan we did and forget about the basics.
That's when we lose more, then we try to win it back and lose more thinking we are good at it so we can.
Going back to basics and starting over will be pretty helpful on those instances.

[rby]

Many traders who loose in trading do not have the patience to go through the due process. They will always push even at failure. Trading is not a game of luck. If you depend on luck in trading, you might not get lucky at all. You need to develop your own procedures and test it extensively and be sure it is working for you. Then control your emotions and make sure you understand risk management. You should only trade with what you can afford to lose and be patient and contented. If your target is to hit $50, if you get it, exit the market and don't be greedy.

[dunfida]

Many traders who loose in trading do not have the patience to go through the due process. They will always push even at failure. Trading is not a game of luck. If you depend on luck in trading, you might not get lucky at all. You need to develop your own procedures and test it extensively and be sure it is working for you. Then control your emotions and make sure you understand risk management. You should only trade with what you can afford to lose and be patient and contented. If your target is to hit $50, if you get it, exit the market and don't be greedy.

Patience and acceptance of those losses because you wouldnt learn if you wont be accepting such scenario which is been a part of trading career.You would definitely able to experience for yourself countless times.

Thing here is that you do able to sustain yourself in the market because if not then you wouldnt really become better on trading.Dont expect that it would be an easy journey since there would be lots of factors that would affect your overall performance or condition on dealing with the market.This isnt something that you could take grasps on a short span of time.

[Issa56]

Most of the people trading currently don't really know the basics of trading, most of them don't even know what cryptocurrency is all about, they just hear people talking about trading and they also decided to jump into it which they always endup losing money. Most of them don't even know the appropriate platform to use in trading, and they don't know the right coin to buy and when to buy a particular coin, they just believe cryptocurrency trading is all about buying a coin when they think the price is low and selling when the price is high and I believe cryptocurrency trading is more than that.  I believe if you follow the steps that are been mentioned by Ararbermas It will really help newbies in trading.

[Quidat]

Most of the people trading currently don't really know the basics of trading, most of them don't even know what cryptocurrency is all about, they just hear people talking about trading and they also decided to jump into it which they always endup losing money. Most of them don't even know the appropriate platform to use in trading, and they don't know the right coin to buy and when to buy a particular coin, they just believe cryptocurrency trading is all about buying a coin when they think the price is low and selling when the price is high and I believe cryptocurrency trading is more than that.  I believe if you follow the steps that are been mentioned by Ararbermas It will really help newbies in trading.

For most noobs then they are  the ones who do lack knowledge as always or do make out direct engagement without even knowing with the basics.They would
only learn up when they had lost their capital which is a common thing.Even myself when im still a newbie does really believe that trading is easy until reality
slap you into the face and made you realize that you are dealing in something which couldnt really be predicted.

[Issa56]

For most noobs then they are  the ones who do lack knowledge as always or do make out direct engagement without even knowing with the basics.They would
only learn up when they had lost their capital which is a common thing.Even myself when im still a newbie does really believe that trading is easy until reality
slap you into the face and made you realize that you are dealing in something which couldnt really be predicted.

I believe most of us really lose money when we started trading, because we don't really have proper understanding about trading, nobody taught me how to trade, so I learn trading the hard way, I was watching tutorial videos and I was reading books but I was unlucky because non of those videos i watched tells me I can lose all my money in cryptocurrency trading, most of those videos only talk about making profit so I was deceived until I started trading before I know the reality.

[Mahanton]

For most noobs then they are  the ones who do lack knowledge as always or do make out direct engagement without even knowing with the basics.They would
only learn up when they had lost their capital which is a common thing.Even myself when im still a newbie does really believe that trading is easy until reality
slap you into the face and made you realize that you are dealing in something which couldnt really be predicted.

I believe most of us really lose money when we started trading, because we don't really have proper understanding about trading, nobody taught me how to trade, so I learn trading the hard way, I was watching tutorial videos and I was reading books but I was unlucky because non of those videos i watched tells me I can lose all my money in cryptocurrency trading, most of those videos only talk about making profit so I was deceived until I started trading before I know the reality.

Those mistakes would be your best teacher which you should really bare that up in mind because you wouldnt progress out if you wont learn on real experience.
Becoming successful is really something that you should need to achieve on via effort and time spent and of course this is something cant be attain overnight.
You would experience lots of losses before you do learn which is part of trial and error process.

[Vaculin]

For most noobs then they are  the ones who do lack knowledge as always or do make out direct engagement without even knowing with the basics.They would
only learn up when they had lost their capital which is a common thing.Even myself when im still a newbie does really believe that trading is easy until reality
slap you into the face and made you realize that you are dealing in something which couldnt really be predicted.

I believe most of us really lose money when we started trading, because we don't really have proper understanding about trading, nobody taught me how to trade, so I learn trading the hard way, I was watching tutorial videos and I was reading books but I was unlucky because non of those videos i watched tells me I can lose all my money in cryptocurrency trading, most of those videos only talk about making profit so I was deceived until I started trading before I know the reality.

Those mistakes would be your best teacher which you should really bare that up in mind because you wouldnt progress out if you wont learn on real experience.
Becoming successful is really something that you should need to achieve on via effort and time spent and of course this is something cant be attain overnight.
You would experience lots of losses before you do learn which is part of trial and error process.

In trading, always anticipate that losses are more frequent to happen than winning all your trades. This is because trading is hard and risky, and its not easy to manipulate your trades because of the unpredictable market. This is why OP has come up with trading procedures that will make a successful trader. But honestly, most of them will be forgotten when you are in the real field already as you will only use those most effective strategies that will make you win your trade, to overcome the number of losses that you have in the past.

[noormcs5]

For most noobs then they are  the ones who do lack knowledge as always or do make out direct engagement without even knowing with the basics.They would
only learn up when they had lost their capital which is a common thing.Even myself when im still a newbie does really believe that trading is easy until reality
slap you into the face and made you realize that you are dealing in something which couldnt really be predicted.

I believe most of us really lose money when we started trading, because we don't really have proper understanding about trading, nobody taught me how to trade, so I learn trading the hard way, I was watching tutorial videos and I was reading books but I was unlucky because non of those videos i watched tells me I can lose all my money in cryptocurrency trading, most of those videos only talk about making profit so I was deceived until I started trading before I know the reality.

Well, if you learn to trade and avoid high leverages, it is very likely that you will not lose all of your capital in trading. Most people are greedy and take high leverages which result in complete loss of capital.

Even if you learn trading, you need to know that it is still highly risky. You need to apply the risk management and money management strategies along with technical analysis, if you want to be on the safe side.   

[darewaller]

I don't think you can control your emotions while on a demo trade account, it's a different thing when there's a monetary value is on the line compare to just a free one. The purpose for a demo account is to learn while you aren't yet ready, hands-on learning is the best experience at all.

Fair point, Demo trading main purpose is to test the strategy that trader planning to do on actual trading. There's no such thing as emotion while trading because you need to rely solely on your strategy no matter what happened that's why you need demo trading to back test the profitability of the strategy that you come up.

If a trader strategy is still being affected by emotion. He or she need to halt on trading and practice more until he became confident on hist strategy. You will not gonna worry on your trading if you have faith on your setup.

Demo trading doesn't mean that if you are great there then 100% chance you will be great in real trading as well. However, it means that if you are horrible at demo trading then you are going to be 100% terrible in real trading as well.

It means that you need to be first get great at demo trading and after you are getting great there then you will start with the real thing and then you will not be as good as you were in demo but at the very end you are going to be not that terrible, or at least not have any guarantee that you will be terrible. That is why starting out with a demo account first and learning the ropes and checking your strategies and seeing if you really understood the market and trading or not would be a great "start" and not really a way to hone your skills to be great.

[awik p]

I don't think you can control your emotions while on a demo trade account, it's a different thing when there's a monetary value is on the line compare to just a free one. The purpose for a demo account is to learn while you aren't yet ready, hands-on learning is the best experience at all.

Fair point, Demo trading main purpose is to test the strategy that trader planning to do on actual trading. There's no such thing as emotion while trading because you need to rely solely on your strategy no matter what happened that's why you need demo trading to back test the profitability of the strategy that you come up.

If a trader strategy is still being affected by emotion. He or she need to halt on trading and practice more until he became confident on hist strategy. You will not gonna worry on your trading if you have faith on your setup.

Demo trading doesn't mean that if you are great there then 100% chance you will be great in real trading as well. However, it means that if you are horrible at demo trading then you are going to be 100% terrible in real trading as well.

It means that you need to be first get great at demo trading and after you are getting great there then you will start with the real thing and then you will not be as good as you were in demo but at the very end you are going to be not that terrible, or at least not have any guarantee that you will be terrible. That is why starting out with a demo account first and learning the ropes and checking your strategies and seeing if you really understood the market and trading or not would be a great "start" and not really a way to hone your skills to be great.

to hone prowess in trading, it is necessary to go directly to real trading. because there will be some things that cannot be learned in demo trading, namely trading psychology. people who learn from the demo and feel they have mastered trading, it is not necessarily that they will be able to survive in real trading. of course this is different and will encounter new difficulties in real trading

[Hobo66]

There will be many roadblocks in your path at first, as it is obvious that nothing comes quickly and that success takes time. I had a lot of challenges at first, but as time went on, I learned more about what was important, and learning made it easier for me to generate money. The way you explain it is excellent, but it would be even better if others were aware of it. It is critical to realize something. You can be robbed of success if you don't know something.

[South Park]

For most noobs then they are  the ones who do lack knowledge as always or do make out direct engagement without even knowing with the basics.They would
only learn up when they had lost their capital which is a common thing.Even myself when im still a newbie does really believe that trading is easy until reality
slap you into the face and made you realize that you are dealing in something which couldnt really be predicted.

I believe most of us really lose money when we started trading, because we don't really have proper understanding about trading, nobody taught me how to trade, so I learn trading the hard way, I was watching tutorial videos and I was reading books but I was unlucky because non of those videos i watched tells me I can lose all my money in cryptocurrency trading, most of those videos only talk about making profit so I was deceived until I started trading before I know the reality.

What happens is that no matter how much you read about trading you are never going to be fully prepared and you will need to learn on the fly as everyone else, after all it does not matter how much you prepare yourself the markets will always throw at you something that you are not expecting and this is going to force you to improvise, and as you do not have any experience then it is natural that you will make mistakes along the way.

[TravelMug]

There will be many roadblocks in your path at first, as it is obvious that nothing comes quickly and that success takes time. I had a lot of challenges at first, but as time went on, I learned more about what was important, and learning made it easier for me to generate money. The way you explain it is excellent, but it would be even better if others were aware of it. It is critical to realize something. You can be robbed of success if you don't know something.

Some are really fast learners, so they were able to navigate crypto trading very easily and adopted to it. Maybe they don't have experience, or those who have been in stocks that have shifted to crypto. But for the rest of us, it might take years and years and lots of money lost to really understand the market ins and out. So it's not that easy for us, but hey, we just needed a first time and be patient in order to succeed in this field.

[lixer]

I believe most of us really lose money when we started trading, because we don't really have proper understanding about trading, nobody taught me how to trade, so I learn trading the hard way, I was watching tutorial videos and I was reading books but I was unlucky because non of those videos i watched tells me I can lose all my money in cryptocurrency trading, most of those videos only talk about making profit so I was deceived until I started trading before I know the reality.

Well, if you learn to trade and avoid high leverages, it is very likely that you will not lose all of your capital in trading. Most people are greedy and take high leverages which result in complete loss of capital.

Even if you learn trading, you need to know that it is still highly risky. You need to apply the risk management and money management strategies along with technical analysis, if you want to be on the safe side.   

It is already in the word " high" which means there is greater risk involved and yet they still try it, no wonder why they got busted but if the word high is not obvious to them, they should have use the search function instead to know if what high leverages mean.

@Issa56 ouch bro that's sad to hear but i think the reason why all the videos that you saw or the books that you read mostly talk about profit is because you also search for it. We know as a beginner we want to earn immediately and we are not really interested in the whole lesson that talks about the disadvantages or the risk because that is boring to us but that's good that you learned your lesson already.

[andriarto]

There will be many roadblocks in your path at first, as it is obvious that nothing comes quickly and that success takes time. I had a lot of challenges at first, but as time went on, I learned more about what was important, and learning made it easier for me to generate money. The way you explain it is excellent, but it would be even better if others were aware of it. It is critical to realize something. You can be robbed of success if you don't know something.

Some are really fast learners, so they were able to navigate crypto trading very easily and adopted to it. Maybe they don't have experience, or those who have been in stocks that have shifted to crypto. But for the rest of us, it might take years and years and lots of money lost to really understand the market ins and out. So it's not that easy for us, but hey, we just needed a first time and be patient in order to succeed in this field.

In the beginning, apart from losing a lot of money because of the pursuit of experience in trading, of course a trader will be confused by price fluctuations and their analysis, but of course for those who want to learn from experience, they will become more established over time to determine the direction of the market, considering that a good view will be formed. as a result of often facing the market with various situations

[Jazzi Mahesh]

Successful day trading usually requires a lot of effort to develop the necessary skills. Many day traders have some innate qualities to get started, but must work on others. Successful traders develop discipline, patience, adaptability, mental toughness, independence, and forward thinking.

[Webetcoins]

If you want your trade to be successful, then you will have to be testing your trade like a real business, and that’s the only way it’s going to be successful. When you start up a business, there are certain rules you’ve got to maintain, and if you don’t maintain these rules, then your business will fall. So that’s the same thing with trading, you have got to treat it like a real business.

Some people don’t, they just see trading as a way for them to quickly cash in, because of stories they might have heard, so they would be in a hurry, not knowing that trading is something that requires time for you to prepare yourself before you even think of trading with actual money. If you don’t do it this way, and rather choose the fast way, it’s a fail for you.

[Sanitough]

I really appreciate all the points you have mentioned above as it will really help those who are new to the crypto currency trading. But the truth is that is easy to say than done particularly when it comes to crypto currency trading because if real money is involved emotion will be difficult to separate when making your trading decision and that has impact on one trading decision.

I believe its always an advantage if we can follow certain rules to achieve our goals specially in trading but there is always a different scenario when we're already in real trading. Yes, emotions can be very detrimental but if we will control it, we can expect positive results in trading. However, to be a successful trader, its not only based on the steps and strategies alone, but your attitude towards trading and the positive mindset that a trader should have will always matter the most.

[AakZaki]

to hone prowess in trading, it is necessary to go directly to real trading. because there will be some things that cannot be learned in demo trading, namely trading psychology. people who learn from the demo and feel they have mastered trading, it is not necessarily that they will be able to survive in real trading. of course this is different and will encounter new difficulties in real trading

Talking about trading psychology, it is a very important thing to learn. Psychology will determine the direction of trading and determine every decision taken. If the psychology is still weak, the trading strategy will not work well. Many trading professionals lose because their psychology is not good. practice and continued practice will make psychology more trained, so it will not be a problem when facing a bad market.

[Japinat]

to hone prowess in trading, it is necessary to go directly to real trading. because there will be some things that cannot be learned in demo trading, namely trading psychology. people who learn from the demo and feel they have mastered trading, it is not necessarily that they will be able to survive in real trading. of course this is different and will encounter new difficulties in real trading

Talking about trading psychology, it is a very important thing to learn. Psychology will determine the direction of trading and determine every decision taken. If the psychology is still weak, the trading strategy will not work well. Many trading professionals lose because their psychology is not good. practice and continued practice will make psychology more trained, so it will not be a problem when facing a bad market.

Experience will always be as essential as it is, as not only trading psychology will be enhanced, but a lot of things that needs improvement will be given chances to be developed more. And these includes the strategies that you have to use in real trading as you need not just luck but proven skills and strategies that will make you win your trades. And the more you put them in practice, though you can't be a perfect trader, but at least you can master your skills and strategies.

[kawetsriyanto]

"a journey to become a successful trader". .

There is no easy in reaching successful as becoming a trader.
I believe that there are so many things behind the word "successful traders".
There are many trials and errors, frustrations, sadness, disappointment, hard work, and also other things related to having better conditions, proper strategy, and also good management of trading.
There may be also many people who give up during the journey, not only because they are losing hope but also the conditions that cannot fit them to stay as a trader.
That is why, I really appreciated those who have been successful traders, it is not easy of course.

I believe its always an advantage if we can follow certain rules to achieve our goals specially in trading but there is always a different scenario when we're already in real trading.

Yes, they are. And we also need to fit with our own condition and strategies so that it will be exactly proper for us. Everybody may have different strategy and management, but considering other devices and rules will help us to widen our minds and thought to make better and better strategy for us

[AakZaki]

Experience will always be as essential as it is, as not only trading psychology will be enhanced, but a lot of things that needs improvement will be given chances to be developed more. And these includes the strategies that you have to use in real trading as you need not just luck but proven skills and strategies that will make you win your trades. And the more you put them in practice, though you can't be a perfect trader, but at least you can master your skills and strategies.

yes of course, many things still need to be learned to master the science of trading. Technical analysis, good management, Fundamental analysis and several other aspects.
As time goes by and continues to learn everything will be mastered. What should be a guideline is that trading is not just buying and selling, but there are things at stake there and trading must be done wisely and correctly.

[sumant]

For me in trading patience is the best power because when you have money in you hand you can buy anything at any price but keep patience and buying at right time is very necessary in trading. This sample formula just go to sell as well. The middle factor is hold a portfolio then only patience man can do it other things like money, search about project, and more news are also very important to their successful journey also.

[iv4n]

For me in trading patience is the best power because when you have money in you hand you can buy anything at any price but keep patience and buying at right time is very necessary in trading. This sample formula just go to sell as well. The middle factor is hold a portfolio then only patience man can do it other things like money, search about project, and more news are also very important to their successful journey also.

I agree with you, it's all in patience, I learned it the hard way! It doesn't matter how much money is involved, the strategy is similar and it's all about patiently waiting for the right moment to buy or sell! I guess this is for mid and long-term traders, people who invest in projects that are worth it and don't fool around with some pump and dump coins!
What makes a trader successful is the profit he's making in long run... we all have a unique journey, how we figured out some things... on that way we make mistakes and we learn from them, it's how we get to experience and knowledge, and once we get that trading becomes a bit easier!

[passwordnow]

The very beginning is definitely training. When I started working with a broker from Amarkets, I used a demo account for training.

Training, I should say yes. Demo accounts can really be placed at any number when a trader starts to know everything about it.
You can learn the basics as you train with demo accounts or you can use these demo accounts when you're already trading as well. Wherever you place it, first, middle or last, the most important part of it is all about learning and as a trader, you need to adopt all every positive material and tips that you see.

[South Park]

to hone prowess in trading, it is necessary to go directly to real trading. because there will be some things that cannot be learned in demo trading, namely trading psychology. people who learn from the demo and feel they have mastered trading, it is not necessarily that they will be able to survive in real trading. of course this is different and will encounter new difficulties in real trading

Talking about trading psychology, it is a very important thing to learn. Psychology will determine the direction of trading and determine every decision taken. If the psychology is still weak, the trading strategy will not work well. Many trading professionals lose because their psychology is not good. practice and continued practice will make psychology more trained, so it will not be a problem when facing a bad market.

This is something that is not considered important by a lot of people and yet it plays a critical role, people concentrate on signals and what indicators to use but they do not understand that if they do not have the right state of mind then nothing of that will matter at all, after all you could have the best strategy around the world but if at the first sign of trouble you abandon the strategy and then sell your coins in panic then you are not going to become a successful trader until you correct your mentality.

[Finestream]

The very beginning is definitely training. When I started working with a broker from Amarkets, I used a demo account for training.

Training, I should say yes. Demo accounts can really be placed at any number when a trader starts to know everything about it.
You can learn the basics as you train with demo accounts or you can use these demo accounts when you're already trading as well. Wherever you place it, first, middle or last, the most important part of it is all about learning and as a trader, you need to adopt all every positive material and tips that you see.

All the material resources and even demo accounts as well will only be less of importance if you are not going to create experience. This will be the start of your proper training that should encourage more learning procedures so you will be able to achieve your goal as a trader. Successful traders does not only mean that you are able to follow all the trading prerequisites. Sometimes, its more on finding your own way as a trader and being to conquer all your trader's imperfections. At the end of the day, as long as you are able to sustain from profit making and minimize your losses in trading, for me that is a successful trader.

[Lanatsa]

The very beginning is definitely training. When I started working with a broker from Amarkets, I used a demo account for training.

Training, I should say yes. Demo accounts can really be placed at any number when a trader starts to know everything about it.
You can learn the basics as you train with demo accounts or you can use these demo accounts when you're already trading as well. Wherever you place it, first, middle or last, the most important part of it is all about learning and as a trader, you need to adopt all every positive material and tips that you see.

All the material resources and even demo accounts as well will only be less of importance if you are not going to create experience. This will be the start of your proper training that should encourage more learning procedures so you will be able to achieve your goal as a trader. Successful traders does not only mean that you are able to follow all the trading prerequisites. Sometimes, its more on finding your own way as a trader and being to conquer all your trader's imperfections. At the end of the day, as long as you are able to sustain from profit making and minimize your losses in trading, for me that is a successful trader.

You are the ones who would able to realize or able to seek or find those kind of trading ways that really suits you because not all would really be that just the same even if they do copy each others trading method or path.

You would basically able to discover for yourself as long you do get out sufficient experience along the way even though it wouldnt be that simple but doesnt mean that it is impossible.

Being successful in trading wont or cant really be achieved in a short period of time thats why they should really be mindful on about number of risks involved.

[Kasabus]

to hone prowess in trading, it is necessary to go directly to real trading. because there will be some things that cannot be learned in demo trading, namely trading psychology. people who learn from the demo and feel they have mastered trading, it is not necessarily that they will be able to survive in real trading. of course this is different and will encounter new difficulties in real trading

Talking about trading psychology, it is a very important thing to learn. Psychology will determine the direction of trading and determine every decision taken. If the psychology is still weak, the trading strategy will not work well. Many trading professionals lose because their psychology is not good. practice and continued practice will make psychology more trained, so it will not be a problem when facing a bad market.

This is something that is not considered important by a lot of people and yet it plays a critical role, people concentrate on signals and what indicators to use but they do not understand that if they do not have the right state of mind then nothing of that will matter at all, after all you could have the best strategy around the world but if at the first sign of trouble you abandon the strategy and then sell your coins in panic then you are not going to become a successful trader until you correct your mentality.

That is if you have the right attitude as a trader, then it won't be hard for you to be a successful trader in the making. Trading is not only based on good strategies and perfect skills, but its more on the right mentality. Its more on what you can give as a trader, and it will all start if you have the proper mindset and mentality as a good trader. I believe those what you have said OP are only the second options to be a successful trader. A good trader should always have its own self motivation first so he can successfully follow all the said strategies in trading.

[Sanitough]

The very beginning is definitely training. When I started working with a broker from Amarkets, I used a demo account for training.

Training, I should say yes. Demo accounts can really be placed at any number when a trader starts to know everything about it.
You can learn the basics as you train with demo accounts or you can use these demo accounts when you're already trading as well. Wherever you place it, first, middle or last, the most important part of it is all about learning and as a trader, you need to adopt all every positive material and tips that you see.

All the material resources and even demo accounts as well will only be less of importance if you are not going to create experience. This will be the start of your proper training that should encourage more learning procedures so you will be able to achieve your goal as a trader. Successful traders does not only mean that you are able to follow all the trading prerequisites. Sometimes, its more on finding your own way as a trader and being to conquer all your trader's imperfections. At the end of the day, as long as you are able to sustain from profit making and minimize your losses in trading, for me that is a successful trader.

Well, if you are aiming to be a successful trader, if you can follow those given steps by OP, that will give you an edge. But trading alone is not just on the steps and strategies that will give you an advantage. Its more seen on what you can be when you're already in real trading. Because most of those steps will not be consider anymore once you start trading, because you are more after on how to prevent losses and attract gains. And i believe with consistent experience in trading, that will make you enhance and develop those what's inside in you. The right attitude on how to face trading's losses and gains will also matter aside from your proven  strategies.

[stadus]

to hone prowess in trading, it is necessary to go directly to real trading. because there will be some things that cannot be learned in demo trading, namely trading psychology. people who learn from the demo and feel they have mastered trading, it is not necessarily that they will be able to survive in real trading. of course this is different and will encounter new difficulties in real trading

Talking about trading psychology, it is a very important thing to learn. Psychology will determine the direction of trading and determine every decision taken. If the psychology is still weak, the trading strategy will not work well. Many trading professionals lose because their psychology is not good. practice and continued practice will make psychology more trained, so it will not be a problem when facing a bad market.

This is something that is not considered important by a lot of people and yet it plays a critical role, people concentrate on signals and what indicators to use but they do not understand that if they do not have the right state of mind then nothing of that will matter at all, after all you could have the best strategy around the world but if at the first sign of trouble you abandon the strategy and then sell your coins in panic then you are not going to become a successful trader until you correct your mentality.

Trading is not all about its good strategies and skills, thus creating the right mindset to trade and accepting losses is also part of it. There are those traders that are really making profits in trading, but when they start losing in some instances, they eventually lose the courage to trade again. Trading will matter most on how you accept losses than chasing for profits. In the long run, a trader who shows the positive mindset and learn how to accept losses will be able to sustain and ends successful trading, compared to those who only rely on their own skills and strategies alone.

[Kelvinid]

to hone prowess in trading, it is necessary to go directly to real trading. because there will be some things that cannot be learned in demo trading, namely trading psychology. people who learn from the demo and feel they have mastered trading, it is not necessarily that they will be able to survive in real trading. of course this is different and will encounter new difficulties in real trading

Talking about trading psychology, it is a very important thing to learn. Psychology will determine the direction of trading and determine every decision taken. If the psychology is still weak, the trading strategy will not work well. Many trading professionals lose because their psychology is not good. practice and continued practice will make psychology more trained, so it will not be a problem when facing a bad market.

This is something that is not considered important by a lot of people and yet it plays a critical role, people concentrate on signals and what indicators to use but they do not understand that if they do not have the right state of mind then nothing of that will matter at all, after all you could have the best strategy around the world but if at the first sign of trouble you abandon the strategy and then sell your coins in panic then you are not going to become a successful trader until you correct your mentality.

Trading is not all about its good strategies and skills, thus creating the right mindset to trade and accepting losses is also part of it. There are those traders that are really making profits in trading, but when they start losing in some instances, they eventually lose the courage to trade again. Trading will matter most on how you accept losses than chasing for profits. In the long run, a trader who shows the positive mindset and learn how to accept losses will be able to sustain and ends successful trading, compared to those who only rely on their own skills and strategies alone.

But, most traders weigh most on how to gain more profit instead of enhancing their knowledge and skills. Of course, success is not all about having these things but also on why we respond to the market situation especially if we commit mistakes and losses. However, it was very important to work on gaining knowledge and skill as this has big factors that could affect the results otherwise, we are just trading for losing.  And it is much more to stop chasing to make profit as the more it going far from us.

[Wawa2013]

The very beginning is definitely training. When I started working with a broker from Amarkets, I used a demo account for training.

Training, I should say yes. Demo accounts can really be placed at any number when a trader starts to know everything about it.
You can learn the basics as you train with demo accounts or you can use these demo accounts when you're already trading as well. Wherever you place it, first, middle or last, the most important part of it is all about learning and as a trader, you need to adopt all every positive material and tips that you see.

All the material resources and even demo accounts as well will only be less of importance if you are not going to create experience. This will be the start of your proper training that should encourage more learning procedures so you will be able to achieve your goal as a trader. Successful traders does not only mean that you are able to follow all the trading prerequisites. Sometimes, its more on finding your own way as a trader and being to conquer all your trader's imperfections. At the end of the day, as long as you are able to sustain from profit making and minimize your losses in trading, for me that is a successful trader.

Well, if you are aiming to be a successful trader, if you can follow those given steps by OP, that will give you an edge. But trading alone is not just on the steps and strategies that will give you an advantage. Its more seen on what you can be when you're already in real trading. Because most of those steps will not be consider anymore once you start trading, because you are more after on how to prevent losses and attract gains. And i believe with consistent experience in trading, that will make you enhance and develop those what's inside in you. The right attitude on how to face trading's losses and gains will also matter aside from your proven  strategies.

Becoming a successful trader is not as easy as we imagine, because it cannot only have good knowledge and strategies. But there is something
more important, that is, we must have the right attitude when we experience gain or loss. And we can get the right attitude from our trading
experience where we will experience profits and losses in turn. So to become a successful trader requires a long process, we do not expect
to become a successful trader instantly. It takes a lot of sacrifices such as our time and money to make us more experienced in trading,
that is what ultimately leads us to become successful traders.

[Riodarvg]

Most traders don't really understand the basics of trading, and most newbies invest blindly through other people's trading and investment experience.
In order to make a successful investment, you must experience painful losses, and you must analyze and gain some experience in trading investment failures to become a successful trader.

[lienfaye]

Most traders don't really understand the basics of trading, and most newbies invest blindly through other people's trading and investment experience.
In order to make a successful investment, you must experience painful losses, and you must analyze and gain some experience in trading investment failures to become a successful trader.

Well, Its true that if a trader experience losses, thats how he can better understand how trading works and what to do in order to not repeat the same mistakes again. It is advisable to take time to learn the basics and try the demo trading, it can help to minimize the chances to lose your capital. Anyway the steps of op are informative for newbies, if they can follow it then its likely for them to succeed as a trader. Because if you have knowledge on what you do thats your key to be on the right track.

[Inspiron14]

to hone prowess in trading, it is necessary to go directly to real trading. because there will be some things that cannot be learned in demo trading, namely trading psychology. people who learn from the demo and feel they have mastered trading, it is not necessarily that they will be able to survive in real trading. of course this is different and will encounter new difficulties in real trading

Talking about trading psychology, it is a very important thing to learn. Psychology will determine the direction of trading and determine every decision taken. If the psychology is still weak, the trading strategy will not work well. Many trading professionals lose because their psychology is not good. practice and continued practice will make psychology more trained, so it will not be a problem when facing a bad market.

This is something that is not considered important by a lot of people and yet it plays a critical role, people concentrate on signals and what indicators to use but they do not understand that if they do not have the right state of mind then nothing of that will matter at all, after all you could have the best strategy around the world but if at the first sign of trouble you abandon the strategy and then sell your coins in panic then you are not going to become a successful trader until you correct your mentality.

Trading is not all about its good strategies and skills, thus creating the right mindset to trade and accepting losses is also part of it. There are those traders that are really making profits in trading, but when they start losing in some instances, they eventually lose the courage to trade again. Trading will matter most on how you accept losses than chasing for profits. In the long run, a trader who shows the positive mindset and learn how to accept losses will be able to sustain and ends successful trading, compared to those who only rely on their own skills and strategies alone.

But, most traders weigh most on how to gain more profit instead of enhancing their knowledge and skills. Of course, success is not all about having these things but also on why we respond to the market situation especially if we commit mistakes and losses. However, it was very important to work on gaining knowledge and skill as this has big factors that could affect the results otherwise, we are just trading for losing.  And it is much more to stop chasing to make profit as the more it going far from us.

Actually if they know that by increasing knowledge and skills that's what makes us able to make a profit,
basically we can't expect to get profit just without effort,
especially in the midst of current unstable market conditions, we have to be smart in finding opportunities to make profits

[livingfree]

Most traders don't really understand the basics of trading, and most newbies invest blindly through other people's trading and investment experience.

It is the newbies that don't understand what they do since they lack experience.

Their expectation is set on high and that's why they're anticipating that their very first trades are going to be successful and don't expect it to be a learning lesson.

In order to make a successful investment, you must experience painful losses, and you must analyze and gain some experience in trading investment failures to become a successful trader.

It is always the journey that will tell you how sweet success is if you've come from losses and suffered from them. That's always the sweet victory that not just traders enjoy but also investors.

[South Park]

to hone prowess in trading, it is necessary to go directly to real trading. because there will be some things that cannot be learned in demo trading, namely trading psychology. people who learn from the demo and feel they have mastered trading, it is not necessarily that they will be able to survive in real trading. of course this is different and will encounter new difficulties in real trading

Talking about trading psychology, it is a very important thing to learn. Psychology will determine the direction of trading and determine every decision taken. If the psychology is still weak, the trading strategy will not work well. Many trading professionals lose because their psychology is not good. practice and continued practice will make psychology more trained, so it will not be a problem when facing a bad market.

This is something that is not considered important by a lot of people and yet it plays a critical role, people concentrate on signals and what indicators to use but they do not understand that if they do not have the right state of mind then nothing of that will matter at all, after all you could have the best strategy around the world but if at the first sign of trouble you abandon the strategy and then sell your coins in panic then you are not going to become a successful trader until you correct your mentality.

That is if you have the right attitude as a trader, then it won't be hard for you to be a successful trader in the making. Trading is not only based on good strategies and perfect skills, but its more on the right mentality. Its more on what you can give as a trader, and it will all start if you have the proper mindset and mentality as a good trader. I believe those what you have said OP are only the second options to be a successful trader. A good trader should always have its own self motivation first so he can successfully follow all the said strategies in trading.

True, the mentality of a trader is key and in my opinion it is the main deciding factor when it comes to answer the question of who will make profits in the market and who will lose their money? And we can easily see this in newbies all the time, most of them have the mentality of trying to make as much money as possible in the markets, not understanding that the ones that make the most profits are the ones that take a long term approach to trading since they can accept some short term losses as long as they earn money at the long term.

[Sanitough]

Most traders don't really understand the basics of trading, and most newbies invest blindly through other people's trading and investment experience.
In order to make a successful investment, you must experience painful losses, and you must analyze and gain some experience in trading investment failures to become a successful trader.

There is no shortcuts in trading, everything is learned from hard work and even painful losses. Although there are several ways how to make you a successful trader, that won't lead you instantly into gaining profits. However, if you can follow them, it will help you minimize from committing mistakes and losses.  But in reality, experience will really bring out the best in you. That is why its still the best teacher after all. Losses are still there, but it will help you build up yourself on how to be a successful trader.

[DoublerHunter]

Most traders don't really understand the basics of trading, and most newbies invest blindly through other people's trading and investment experience.
In order to make a successful investment, you must experience painful losses, and you must analyze and gain some experience in trading investment failures to become a successful trader.

There is no shortcuts in trading, everything is learned from hard work and even painful losses. Although there are several ways how to make you a successful trader, that won't lead you instantly into gaining profits. However, if you can follow them, it will help you minimize from committing mistakes and losses.  But in reality, experience will really bring out the best in you. That is why its still the best teacher after all. Losses are still there, but it will help you build up yourself on how to be a successful trader.

^ This is definitely right, you need to have more experience before you can call yourself an expert in trading.
I believe it too that practice which makes you a better trader and others says, it is your best teacher in trading which is the experience. Everyone needs to know that trading is not for all profit at the start, you need to sharpen your skills and knowledge on it so that you can make your own profit even how hard the market will go on. I don't believe there is a successful trader, you cannot call yourself as successful.

[usekevin]

With a current situation, you can't  predicted the market situation now. Trading doesn't had any shortcut from my knowledge and experience.Because it can be found only by the two things.One is by practice of trade with minimum amount of dollars. The second one is, from your loss. Only the sad loss teach you a lot.It may hurt you a lot, it may became your hurdles.But only the loss can be changed as a stepping stones.

[nurilham]

Often a trader fails in trading because becoming a trader is not that easy and requires skill and experience. The good information, from the many things that you have written here the point, is that we must be aware of our abilities whether it is in terms of knowledge, skills or strategies, so indeed we must be able to do it as much as possible. Becoming a successful trader also requires a process and effort to continue learning and learning, one of which is upgrading the strategy you have because the strategy that we have can change according to market conditions. that's why to become a trader needs qualified skills and sufficient knowledge

[Benefactor]

Everybody can encounter dynamic methodologies that are not on that rundown or significantly less in view of how they see themselves viable with the techniques that they've concocted. Do you have a few aides on the best way to do a back testing? I for the most part see the back testing when somebody is doing a system and they needed it to execute utilizing their own bots.

[molsewid]

The market really looked like that ever since. We can't underestimate it and the thing we can do in order to have some assurance is to have knowledge about it. Trading is not an easy job, perhaps, there is no easy way to become a successful trader but people are trying to be good and they are likely to compete with others. Gaining more knowledge about trading helps us to avoid losses, as the more we understand the nature of the market, the more chances we get into our goal. It is a needs patience and time.

Yes the market looked like the same because it's volatility, unpredictability and constant fluctuations didn't change but the technology keeps evolving and that also means that the market technology of cryptocurrency is also evolving that's why we as a trader and investor we need to upgrade our knowledge from time to time to become a successful trader. Though to become a trader we still need the basic and fundamental knowledge on how to trade or invest, technical analysis still needed, patience and time to become successful trader.

[kamilah147]

some of what you mentioned may be the first part of successful trading, I will add another one which is trade management. for me this is also a very important thing in trading, because we will not know future market conditions so it is very important to apply management to manage finances well when trading.

[ScamViruS]

some of what you mentioned may be the first part of successful trading, I will add another one which is trade management. for me this is also a very important thing in trading, because we will not know future market conditions so it is very important to apply management to manage finances well when trading.

Money management is very important for a successful trader. In order to make a proper trade, money management has to be followed to minimize losses from any sudden change in the market. Because most traders do not follow money management, expect big profits without any proper plan. And because of their misconceptions, a profitable trade may be forced to close at a loss due to a sudden change in the market. So managing money in the right way can protect your capital from such unexpected mistakes.

[perfect999]

Money management is very important for a successful trader. In order to make a proper trade, money management has to be followed to minimize losses from any sudden change in the market. Because most traders do not follow money management, expect big profits without any proper plan. And because of their misconceptions, a profitable trade may be forced to close at a loss due to a sudden change in the market. So managing money in the right way can protect your capital from such unexpected mistakes.

There are some tools that can as well be helpful for anyone who wants to be able to manage their resources while trading. Tools like stop-loss can really be helpful and I’m surprised that there are so many traders who do say that they don’t make use of stop-loss. Maybe they are good enough, but for someone who is a newbie trader, it would be advisable for them to make use of such tools to be able to reduce the amount of loss that they will encounter while trading.

Since they are still new to it, there is the possibility that they may encounter losses on so many occasions while trading. so it is very important that they make use of such a tool to be able to curtail their losses.

[tbterryboy]

Most of the new traders these days always see the need to make profit as a priority. The reason why they are hardly successful is because they have no clue about trading in the market and they are just focused on the profit that they will make. Most of them just ask about how much that they can make from the market and they really don’t ask about how they will be able to trade and make that profit.

Things are going to change for most of this traders if they start to change their mindset and get to know that the most important thing is to focus on learning cryptocurrency trading instead of talking about profit. You cannot make profit when you don’t know what you are doing, you are just gambling and when you see this as a gambling it wouldn’t work.

[Finestream]

Most traders don't really understand the basics of trading, and most newbies invest blindly through other people's trading and investment experience.
In order to make a successful investment, you must experience painful losses, and you must analyze and gain some experience in trading investment failures to become a successful trader.

Well, Its true that if a trader experience losses, thats how he can better understand how trading works and what to do in order to not repeat the same mistakes again. It is advisable to take time to learn the basics and try the demo trading, it can help to minimize the chances to lose your capital. Anyway the steps of op are informative for newbies, if they can follow it then its likely for them to succeed as a trader. Because if you have knowledge on what you do thats your key to be on the right track.

A successful trader has surely gained painful losses at first that motivated him to learn more and grow. And with a lot of trading experiences, that honed him to enhance his skill and master his own strategies.  And by following the steps given by OP, those things will certainly create an edge to traders to make more successful trades than losses. However, its not only the steps that makes a successful trader. A trader should always have discipline, patience, and a positive mindset that will make him more a successful trader.

[retreat]

some of what you mentioned may be the first part of successful trading, I will add another one which is trade management. for me this is also a very important thing in trading, because we will not know future market conditions so it is very important to apply management to manage finances well when trading.

Financial management is an ability that should not be lost when trading, without that ability a trader will be very difficult to know the expenses and also the income/profit each time trading. don't ever be trivial when trading, try to make as few mistakes as possible.

[Japinat]

Don't you forget your psychological behavior towards trading as it was more crucial than anything else. You may have a perfect system, a trading plan, etc. but if your resolve towards this journey isn't firm then consider it as a failure in the very beginning. Maybe you can put that on the list.

That should always be the first on the list. Because even how motivated you are to do successful trades, but your attitude is showing the opposite way, you will never reach your goal. So its very important that aside from having good skills and strategies to trade, there should also be right attitude towards trading. If you fail it, expect that you will still commit losses more often.

[Natalim]

Most of the new traders these days always see the need to make profit as a priority. The reason why they are hardly successful is because they have no clue about trading in the market and they are just focused on the profit that they will make. Most of them just ask about how much that they can make from the market and they really don’t ask about how they will be able to trade and make that profit.

Definitely, not. They are supposed to focus on learning and a part of this is by using journals to track our trades which means that we are aware of what happens to us, particularly. Having this tool is makes it easier for us where to start or it is a need for us to stop trading based on the record we did. If in their mind is just all about earning profit and having no time to learn, that absolutely they will never get what they wanted, it was just only an ambitious attempt which is somehow far from happening.

[sayaya17]

Don't you forget your psychological behavior towards trading as it was more crucial than anything else. You may have a perfect system, a trading plan, etc. but if your resolve towards this journey isn't firm then consider it as a failure in the very beginning. Maybe you can put that on the list.

That should always be the first on the list. Because even how motivated you are to do successful trades, but your attitude is showing the opposite way, you will never reach your goal. So its very important that aside from having good skills and strategies to trade, there should also be right attitude towards trading. If you fail it, expect that you will still commit losses more often.

Successful traders are synonymous with large profits, indeed this is not wrong. But many people understand it the wrong way, because successful
traders are not obsessed with big profits. They are more focused on sustainable profits, and to be able to generate profits on a regular basis is not
an easy thing. The main key is how we control our attitude when trading, without a good attitude, will be a failed trader despite having a good
trading strategy. Because a good attitude when trading can control our emotions, to avoid greed and can help make the right decisions. That's why
we find people with good strategies, but often lose the profit that has been obtained, because his attitude is very bad. He was obsessed with making
even bigger profits and eventually made him over-trade. In the end, they suffered huge losses and made the profits they had previously lost.
So try to keep our attitude well, if we want to be a successful trader.

[Quidat]

Most of the new traders these days always see the need to make profit as a priority. The reason why they are hardly successful is because they have no clue about trading in the market and they are just focused on the profit that they will make. Most of them just ask about how much that they can make from the market and they really don’t ask about how they will be able to trade and make that profit.

Definitely, not. They are supposed to focus on learning and a part of this is by using journals to track our trades which means that we are aware of what happens to us, particularly. Having this tool is makes it easier for us where to start or it is a need for us to stop trading based on the record we did. If in their mind is just all about earning profit and having no time to learn, that absolutely they will never get what they wanted, it was just only an ambitious attempt which is somehow far from happening.

Some do easily moved on and realize their mistakes on point and doesnt really need to look back on what they had done in the past and some do easily forgets
and does really like to have some tally or notes on regarding with their past trades.Doesnt matter on which where you do belong as long you do benefit it out
then that what surely counts and of course dont expect that everything would turn out to be easy.

[AicecreaME]

Don't you forget your psychological behavior towards trading as it was more crucial than anything else. You may have a perfect system, a trading plan, etc. but if your resolve towards this journey isn't firm then consider it as a failure in the very beginning. Maybe you can put that on the list.

That should always be the first on the list. Because even how motivated you are to do successful trades, but your attitude is showing the opposite way, you will never reach your goal. So its very important that aside from having good skills and strategies to trade, there should also be right attitude towards trading. If you fail it, expect that you will still commit losses more often.

Yes, I agree.

Emotional management is very important, because that controls the rest of your decision making and other important factors to achieve a healthy trading lifestyle. Without it, the rest of your plan will just crumble on your hand along with your funds, so it is important to pay attention on everything on yourself before making a trade or doing a trading.

[Distinctin]

IMHO, a holder is also a trader.

And with those strategies that you've mentioned, they're good if they're effective to you. But to say that there's only a certain number to become a successful trader.

It differs and varies to each trader.

Everyone can experience dynamic strategies that are not on that list or even fewer based on how they see themselves effective with the strategies that they've come up with.

Successful traders have their own ways to take advantage of the market and be profitable, even without following those strategies you've mentioned above OP. Because as long as you are making consistency in making profits regardless of how you do it, i guess you're good as a successful trader. However, relying from those strategies can still give us higher chances to be profitable, but it does not mean too that simply not following them will result into losses. Successful trading does not only depend on winning strategies, sometimes its already build in us that we just have to develop them along with the right attitude towards trading.

[TheGreatPython]

Don't you forget your psychological behavior towards trading as it was more crucial than anything else. You may have a perfect system, a trading plan, etc. but if your resolve towards this journey isn't firm then consider it as a failure in the very beginning. Maybe you can put that on the list.

That should always be the first on the list. Because even how motivated you are to do successful trades, but your attitude is showing the opposite way, you will never reach your goal. So its very important that aside from having good skills and strategies to trade, there should also be right attitude towards trading. If you fail it, expect that you will still commit losses more often.

Having the right attitude is very important for a trader. It is your right attitude that will help you to achieve what you really want to achieve. You have to know that it takes patience and with that patience and consistency you would be able to achieve everything that you have ever wished to achieve.

Lots of professional traders that we have today didn’t just start up and become professionals immediately. It took a lot of work for them and they have to work really hard and be consistent despite the failures that they met on the way, they still continued until they reached the level that they are right now. So, everyone is expected to do the same.

[Rockstarguy]

Learning is the most important thing for every trader to be successful, We get familiar with trading by learning. The problem many trader are having in trading is because they lack patience to learn, for one to earn in trading it is very important that learning must take place. Trading strategies changes with time and its with learning it can benefits anyone.

[Hypnosis00]

Learning is the most important thing for every trader to be successful, We get familiar with trading by learning. The problem many trader are having in trading is because they lack patience to learn, for one to earn in trading it is very important that learning must take place. Trading strategies changes with time and its with learning it can benefits anyone.

It is everyone's goal to succeed but unfortunately, not all are wanted to learn and even sacrifice their time on the market. The lack of patience and motivation helps nothing for us but instead, this will brings us to a losing end.

Correcting mistakes is a part of learning, people had changed their strategies as often as possible depending on the market situation which I believe was a good technique. And it is very important to become more aggressive upon learning as this will boost us to learn more rather than just stay low.

[wiss19]

A lot of newbie traders need to see this. Most of them would ignore the process that they are meant to go through to be professional traders and they would just want to start making lots of money immediately from trading when they have not even gone through half of the process that is required for them to be that good.

Trading should be something you make out your time to learn and after you have learnt it very well, you then have to put in much effort in practicing what you have learnt and be consistent with it. Having a really good strategy that works is very important.

[monineklutak]

Learning is the most important thing for every trader to be successful, We get familiar with trading by learning. The problem many trader are having in trading is because they lack patience to learn, for one to earn in trading it is very important that learning must take place. Trading strategies changes with time and its with learning it can benefits anyone.

I also learned my mistakes when trading, I have experienced losses up to 90% and it made me frustrated and depressed,
just imagine the $1000 lost playing futures trading, and since then, I have never traded in futures, and prefer to trade in spot market,
over time I am grateful because my $1000 is back in the spot market as a result of hard work in the spot market.

[Webetcoins]

Often a trader fails in trading because becoming a trader is not that easy and requires skill and experience. The good information, from the many things that you have written here the point, is that we must be aware of our abilities whether it is in terms of knowledge, skills or strategies, so indeed we must be able to do it as much as possible. Becoming a successful trader also requires a process and effort to continue learning and learning, one of which is upgrading the strategy you have because the strategy that we have can change according to market conditions. that's why to become a trader needs qualified skills and sufficient knowledge

Doesn't that hold true for almost everything in life? If you jump into something without any prior knowledge and experience, you will most likely have a bad experience with it. That experience though helps you make better decisions in future.

I love the points mentioned in OP and the best one is 'Demo Testing' because people often forget that knowing things doesn't mean success always. Knowing means you have now earned the ability to do something but you must test it. Once you test your strategies, you will find out some problems and once you have fixed them within the demo itself, you're good to go for real trading.