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February 26, 2022, 07:42:21 PM
 #81

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.

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March 03, 2022, 06:30:08 PM
 #82

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.

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March 03, 2022, 07:41:35 PM
 #83

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.

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March 03, 2022, 07:50:03 PM
 #84

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.

R


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Kasabus
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March 03, 2022, 08:11:16 PM
 #85

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.

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Sanitough
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March 03, 2022, 09:38:32 PM
 #86

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.

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March 03, 2022, 09:56:53 PM
 #87

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.

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Kelvinid
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March 03, 2022, 11:27:22 PM
 #88

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.

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Wawa2013
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March 03, 2022, 11:47:50 PM
 #89

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.

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March 04, 2022, 03:45:20 AM
 #90

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
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March 04, 2022, 03:58:42 AM
 #91

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
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March 04, 2022, 04:45:25 AM
 #92

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
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March 04, 2022, 08:30:29 AM
 #93

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.

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South Park
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March 11, 2022, 07:15:01 PM
 #94

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.

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March 11, 2022, 08:19:36 PM
 #95

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.

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DoublerHunter
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March 11, 2022, 10:17:56 PM
 #96

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.
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March 11, 2022, 11:01:51 PM
Last edit: March 11, 2022, 11:17:21 PM by usekevin
 #97

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.

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nurilham
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March 11, 2022, 11:40:24 PM
 #98

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

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Benefactor
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March 12, 2022, 09:03:59 AM
 #99

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.


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molsewid
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March 12, 2022, 01:18:31 PM
 #100

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.
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