How to be a successful trader?

[bounceback]

-snip-
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.

Not only bitcoin but several other altcoins that have strong fundamentals can also sometimes give us profits if we trade based on sufficient knowledge and experience because having experience lets us know when the momentum is right to buy and when is the right time to sell back, trading is not it's as easy as we imagine because no one can read price movements precisely, moreover basically crypto price movements are very volatile, so it's very possible that we have to be willing to lose everything if we make mistakes in trading.

[cryptoaddictchie]

But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.

Not to be pessimistic here, but what you feel is subjective. You could also lose when you trade bitcoin. Some loses a lot during the bull market thinking that it will go beyond 100k to 200k in value but instead did a major pullback and now coming back again. Yes do a business and only trade if you already gain the knowledge on how to do it. Its not a joke to do heavy trading especially in crypto that is so volatile.

[ThemePen]

But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.

This is a good decision ever. If you will start with the little amount and keep trying to learn more and more one day you will be able to invest big and will earn big.
If you are thinking to become a trader so you must have some basic knowledge about candles basic patterns and the main thing is that you must have a look on the current news. First this will tell you that what's going on in the world and also will give you the green and red signals to trade.

[Fuso.hp]

But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.

This is a good decision ever. If you will start with the little amount and keep trying to learn more and more one day you will be able to invest big and will earn big.
If you are thinking to become a trader so you must have some basic knowledge about candles basic patterns and the main thing is that you must have a look on the current news. First this will tell you that what's going on in the world and also will give you the green and red signals to trade.

I regularly monitor the trading candles and try to understand the market from the candles. And I am trying to better understand the discussions about trading in various social media. Hopefully in a few days I will get a rough idea of ​​trading.  And when I feel that I have a rough understanding of the training, I will start trading. Hope I can achieve success by trading. And of course I want to start trading bitcoin with small amount of money at first.

[kamvreto]

But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.

This is a good decision ever. If you will start with the little amount and keep trying to learn more and more one day you will be able to invest big and will earn big.
If you are thinking to become a trader so you must have some basic knowledge about candles basic patterns and the main thing is that you must have a look on the current news. First this will tell you that what's going on in the world and also will give you the green and red signals to trade.

I regularly monitor the trading candles and try to understand the market from the candles. And I am trying to better understand the discussions about trading in various social media. Hopefully in a few days I will get a rough idea of ​​trading.  And when I feel that I have a rough understanding of the training, I will start trading. Hope I can achieve success by trading. And of course I want to start trading bitcoin with small amount of money at first.

If you just want to start trading and try to understand the discussion about trading on various social media that would be a good way. but you really have to be careful and just learn technical and fundamental analysis. Do not listen to investment advice or signals from other people. if you already understand the basics of trading, then you are ready to start your first trade. don't just think about the benefits, but think about the losses and risks that will occur.
Bitcoin is the best choice to start with.

[summonerrk]

I've been trading currency pairs since before the days of crypto exchanges, so I think I have some experience. I can definitely write that a successful trader does not sit at the computer 24/7 doing some things on the stock exchange. By doing so, people only calm their conscience. The result is important here. I believe that you need to trade pending orders by buying at the bottom, selling at the top. This strategy saves a lot of time. It is only necessary to periodically correct the orders.

[Belarge]

Sincerely I don't think there's a perfect trader,there will always be a profit or a loss, but I believe since you are in this forum you should learn how to trade, ask questions where you don't understand so you can be helped,
But one thing you should know is the timming of trading, you should know when you should invest, when you should start trading and when you are to stop your trade...
This are my thoughts though

[HajiBagi]

Trading is not for newbies, you will lose all your money fast and those dreams of yours will turn to dust right in front of you, stay away from trading, I am damn serious, focus on learning how to trade and depending on how smart your brain is, you might get used to it fast, when you are finally ready you should start using a trial account, very good for learners.

I wholeheartedly agree with your suggestion that he begin researching about bitcoin before trading. To avoid being taken advantage of or scammed as a new member of the forum, it is best to learn more about trading before you begin. It will also be beneficial to understand the type of coin you trade in order to determine which one will make you money. I'd appreciate it if you could learn more about bitcoin and ask more questions before you start trading.

[Upgrade00]

I love your advice and courage,but my question is were can some one lean or acquir this skill from is it from this forum or some were ealse,

The forum is little it no good in helping one to acquire trading skills. At best we have moderate discussions about price fluctuations and the possible causes, but nothing too Technica on how to reach charts and candlesticks.

You can take a course on crypto trading and take out lots of time to practice what you have learnt.

[Rengga Jati]

For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.

The wisest and best thing to do when you still have no knowledge and want to trade is by learning at first until you really understand about cryptocurrency and about trading crypto itself. Additionally, you must also have good knowledge about what exchange platform you want to trade, what kind of trade (future or spot), and also other considerations about money and risk management.

Why should learn these all at least? Because trading is very risky, not only the profits that you must think about but also the high risks that are awaiting. Risks will never be separated from trading. Even professional traders will also face high risks and the possibility of being lost in trading, moreover newbies without enough knowledge. Although you need a trial and error, if this is not based on your knowledge, it will fail and take higher risks again.

[GeorgeJohn]

For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.

But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.

Trading doesn't have a university were you will learn or study it perfectly, right now we don't have a professor in trading, but it's your detriment to decide that you want to understand the scopes or rudiments of trading, because you can as well acquire the knowledge of trading through YouTube, you can also learn trading through forex traders tutorial, so since it's something of you mind when you devote out time you learn and understand it perfectly.

[Fuso.hp]

For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.

But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.

Trading doesn't have a university were you will learn or study it perfectly, right now we don't have a professor in trading, but it's your detriment to decide that you want to understand the scopes or rudiments of trading, because you can as well acquire the knowledge of trading through YouTube, you can also learn trading through forex traders tutorial, so since it's something of you mind when you devote out time you learn and understand it perfectly.

As there is no prescribed course to learn trading like other courses so I have to learn it completely on my own. Many trading related videos are available on YouTube and from there I have chosen the best videos as my learning medium.  There are many YouTubers who talk about trading very well.  And I actually found some similarities in their discussion. I want to take time to watch their videos. If I take time and follow their videos well, hopefully I will gain a better understanding of trading.

[Rigon]

For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.

But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.

Trading in cryptocurrencies requires you to acquire knowledge about trading. If you don't have any knowledge about trading then you can never trade on trading platform. But I will support Bitcoin for trading. Because trading with bitcoins you can avoid risk to a large extent and you can profit from trading. And Bitcoin is best for trading especially for beginners. However, you will gradually increase your funds on the trading platform. You should never trade with too much money in the first place. You can start trading with more money only when you gain complete knowledge about trading.

[Fuso.hp]

@everyone
Thanks a lot to everyone as everyone has shared a lot of valuable views here and given me a lot of valuable advice which I feel will be useful. But one thing I found in common is that all advised me to invest in Bitcoin and all warned me that the investment carries a lot of risk so that I invest without thinking about the investment. I will keep your advice in mind.

[bitcoin_network]

As a youngster I think trading requires knowledge of how to trade.
Otherwise, it can be seen that buying a coin suddenly without knowing about something can lead to losses.
However, trading in cryptocurrency requires risk.Most of the coins are currently undervalued.Those who have enough money now can pretty well buy and trade the coins that are underpriced.

At present the price of Bitcoin is going very low so buying this coin can also be an investment on top of this coin.

[Nonstopspider]

For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.

But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.

Read and study a lot. And you must realize that even the best trader has losses. If you find someone that presents himself as 100% successful is a lie. You will have some failures but those ones will make you a stronger trader. Knowledge is the best key

PD: Always put an SL and NEVER, Repeat, NEVER OVER-LEVERAGE

[Franctoshi]

I can see you stated categorically that you don't have enough knowledge about trading from your explanation , then why would you want to start trading in a volatile Crypto market that you don't have good understanding of how to navigate profitably and think you would be profitable ?.
 
Right now to start with, your main focus should be getting the proper knowledge or good understanding of what you want to do before starting your trading journey.
Remember!, learn before you earn.

[capedbaldy]

Trading in cryptocurrencies requires you to acquire knowledge about trading. If you don't have any knowledge about trading then you can never trade on trading platform. But I will support Bitcoin for trading. Because trading with bitcoins you can avoid risk to a large extent and you can profit from trading. And Bitcoin is best for trading especially for beginners. However, you will gradually increase your funds on the trading platform. You should never trade with too much money in the first place. You can start trading with more money only when you gain complete knowledge about trading.

Before being in the market for trading activities, every beginner is advised to have knowledge of market movements and some indications of the direction of market movements based on hype in an effort to avoid the impact of FUD which can reduce the market. However, there are many other things that must be understood before trading because many beginners are very panicked by the corrective movement of the market and they regret that they cut their losses because the next day the market increases again.

[martyns]

@everyone
Thanks a lot to everyone as everyone has shared a lot of valuable views here and given me a lot of valuable advice which I feel will be useful. But one thing I found in common is that all advised me to invest in Bitcoin and all warned me that the investment carries a lot of risk so that I invest without thinking about the investment. I will keep your advice in mind.

Lol,there is nothing under this earth that does not carry risk,and if you want to be a winner,you must be a risk taker.Who ever is ready to take risk at any time,is determined to succeed.The reason why the advicers emphasize of the risk involved is because they don't want a situation whereby when you loose, you will say they didn't tell you It was like that, therefore,bare in mind that there are risks involved in investing,but that shouldn't scare you from making investmests.Give a try to it,and maybe it might just end up surprising you with a positive result.

[libert19]

Just jump onto an exchange, play around with coins - knowledge will come automatically.

Use sites like coinmarketcal for coin events. Buy week or so prior, sell day before event. Stick to prominent coins, check coingecko for data.