How to be a successful trader?

[Osama Maaz]

In my opinion risk management is a key before opening any trade you need to accept profit as well as lose ,
Otherwise you may trade blindly and at any time you may lose all of your money .So develop different strategies using demo account and after testing implement on real account with low balance . DOnt be greedy, keep slow and steady .

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[Rockstarguy]

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.

You don't need to Rush  to get capital to start up trading. Their is a process in starting trading, what you need to do first is learning.  Trading is kind of complicated for beginners who doesn't have any knowledge and experience. If you think having the capital is the first priority to start up a trading you may end up losing everything. Just have patience and learn first, having knowledge in trading you want have much challenges in trading as you start your journey.

[Maaz Sultan]

I feel like if I trade bitcoins I might be able to make a profit.

Yes trading bitcoin is profitable if you have knowledge and skills all cryptocurrencies follow so if you follow bitcoin you can make good profit from it.

100 % agree with you first you need to learn about the basic of cryptocurrencies and invest that much amount that you are happy to lose as a beginner.
Bonus tip
You can use demo account to learn about cryptocurrencies without losing anything.

[summonerrk]

In addition to knowledge in the cryptocurrency environment, a skilled trader is distinguished by complete self-control and discipline. It is very difficult to be for yourself both a performer (subordinate) and a boss who thinks through the next steps. It would seem that it is easy to order yourself, but the brain is looking for dozens of reasons not to do something, to be afraid. And at the same time, we easily trust other people, their authority. I think a great trader lives according to a schedule, not chaotically. He is very measured and patient. No expression. I have seen only a few such people in my entire life.

[jeraldskie11]

but if you want to trade bitcoin, i think it's the right decision because bitcoin volume is very good, and more secure.

We don't need to focus on Bitcoin to be a successful trader because there are many cryptocurrency out there are good to trade but we can't deny that most of them are focusing on Bitcoin. Altcoins mostly rely on Bitcoins movement that's why it's difficult to trade with them, and also very volatile have long wicks. Unlike Bitcoin, it has low volatility and didn't rely on any currency.

[capedbaldy]

but if you want to trade bitcoin, i think it's the right decision because bitcoin volume is very good, and more secure.

We don't need to focus on Bitcoin to be a successful trader because there are many cryptocurrency out there are good to trade but we can't deny that most of them are focusing on Bitcoin. Altcoins mostly rely on Bitcoins movement that's why it's difficult to trade with them, and also very volatile have long wicks. Unlike Bitcoin, it has low volatility and didn't rely on any currency.

all traders focus mainly on trading and investing in bitcoin, but if you choose altcoins as the main source of investment then that's the wrong choice, because altcoins are not guaranteed to increase even though bitcoin prices have increased, even though the top altcoins are still at risk and we have to learn from high losses due to top altcoin FTT and Luna worst crash last year.

[Getmon]

Individuals that are new to trading are overjoyed when they hear the word "trading". We are astonished to see the top gainers in the market. We frequently disregard the red coins in the market and the reality of the difficulty of earning money through trading. There are numerous online trading lessons, and it's up to you how much time you want to spend understanding them and putting them into practice with your small starting capital. While you are still learning more charting techniques, it is essential that you comprehend the concept of starting with a small capital.   

[Nheer]

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.

It's good that you're aware that you lack the necessary knowledge to trade because this is the most common mistake that a lot of newcomers make when getting into trading. I'm not an expert in trading myself, but I've had a few experiences trading without any prior knowledge and I'm not proud of it. It will definitely take time, but it's the best thing to start with before diving into trading, and then you can decide which coin to invest in. Take one step at a time

[mvdheuvel1983]

There are many ways to become a successful trader. One of the most credible ways I have learned over time is to focus on a viable trading strategy instead of on the profit because in the long run, a great strategy will rake in profit. Additionally, start small. Invest a little bit of money first after you have don tons of demo trading.
The importance of having a personal trading plan cannot be over-emphasized. I firmly believe that it is the bedrock to every successful trade. Every successful trader is patient, know when to trade and when to hold-off of trading.