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Author Topic: Can I become a professional trader?  (Read 1170 times)
GiftedMAN
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January 17, 2024, 05:14:31 PM
 #41

Every thing is possible if you are willing and ready to do all it takes to get to that level, becoming a professional trader will require you a lot of time to learn from good traders which may take some time depending on your learning ability but choosing trading as a career means you are ready to accept the outcome of what you will gwt when you trading.

For a beginner I think I will suggest you don't take trading as a career for now so that you won't encounter losses but when you have gotten good experience and have the right trading analysis you can decide to go in as a full time trader.

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January 17, 2024, 06:04:54 PM
 #42

You can develop yourself on trading as a skill but not as a career to me I am not a professional trader because it requires lots of time to be able to understand how to become successful in trading, as beginner and someone who is venturing into trading newly you might get the wrong perspective about trading as I know that it's not a place where you can double your money so quickly and faster without you going through thorough training even though you finds it very lucrative you will have to spend a lot of time to be able to start making profit, the main target should be how to be more perfect while trading without incurring much lost.
Yes, to become an expert in trading, you have to spend a lot of time there, but profit from trading is not guaranteed because many times the market crashes suddenly, which is not possible to predict even for experts. So I think it would be better if you spend more time on other potential skills instead of wasting time on trading.  So I also don't spend much time in trading and I am not an expert about trading too. And I always use bitcoin for trading because it has a lot of potential and there is very less chance of big loss.



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January 17, 2024, 06:10:52 PM
 #43

All the resources needed to becoming a professional trader is right there online it's up to you to start the learning process which is going to take a long period of time to become a profitable trader, that is why it is advisable to have an alternative source of income to cater for your daily needs as you embark on the journey of becoming a trader, of course Technical Analysis should be your topmost priority where you learn Candlestick patterns, Price Action etc while Fundamental Analysis would help you view the likely sentiment of the market after the News if the news is positive market sentiment would be bullish then Knowledge in TA would help in entry likewise if the news is negative.

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January 17, 2024, 06:52:48 PM
 #44

Every thing is possible if you are willing and ready to do all it takes to get to that level, becoming a professional trader will require you a lot of time to learn from good traders which may take some time depending on your learning ability but choosing trading as a career means you are ready to accept the outcome of what you will gwt when you trading.

For a beginner I think I will suggest you don't take trading as a career for now so that you won't encounter losses but when you have gotten good experience and have the right trading analysis you can decide to go in as a full time trader.
You would really be needing to work your ass off if you are really that planning on trying out to achieve something on which it would really be just that normal that you would really
trying out to pursue your goals and if you are really that serious on trying or becoming an expert or professional trader then you should be start on working hard now.
Learn up all the things that you could possibly do and able to learn up the rest with those real time experience with your trades. The key on here is that you shouldnt
really make yourself that being rushed up on learning everything in a short time because it cant really be just that possible for it to happen. It would really be taking lots of time and effort before you could
be able to have that good grasps of everything or even lets just say that it wont be easy but its not something impossible.

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January 17, 2024, 08:03:37 PM
 #45

After searching various online platforms youtube twitter different places I realized that if I want to do cryptocurrency trading it is very important for me to learn many things first including -


  • Technical analysis
  • Fundamental analysis
  • Candle Analysis

Yeah, it is indeed a lot of things you need to learn before becoming a professional trader and that is the reason why only a few traders achieve it. But I will tell you that it is not just enough to learn those things you have mentioned, we will also need to be more patient and know how to respond in critical situations. Many traders fail because they are emotional, a kind of behavior that will make us down.

It was not too hard to learn trading but what made it so difficult was the actual trade which already involved decision-making. It is a big challenge for us if we are too emotional, a cause of usual mistakes ( wrong place of order, ruins the plan, etc).

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January 17, 2024, 08:11:17 PM
 #46

To make a profit - you don't need to make trading a career. Trading doesn't have to be about doing it every hour or every day to make a profit - but someone can still make big profits even if they only trade once a month. A professional trader doesn't act like a day trader - I mean, they wait for the right time to buy a lot and make huge profits from it.

Of course - technical analysis, fundamental analysis, and charts are needed to support your plan. But you don't need to make trading a career even though you can make worth it profits. Trading won't always give you profits - one day you might incur a loss that is bigger than your accumulated profits in a month.

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January 17, 2024, 08:27:17 PM
 #47

I want to choose crypto currency trading as a career but I feel like I need to know a lot about it to choose it as a career and I don't think there is anything better to do from here.
As I am new to this place I am trying to know which aspects I can take Cryptocurrency trading as my career if I know well.

After searching various online platforms youtube twitter different places I realized that if I want to do cryptocurrency trading it is very important for me to learn many things first including -


  • Technical analysis
  • Fundamental analysis
  • Candle Analysis


If I can master the above I think I can be a successful trader Another thing I noticed is that when the market goes up or down again, no chart or technical analysis or fundamental analysis works Do I have to depend on the news or should I pay attention to the news that if there is good news in the market the market goes up a lot and bad news actually the market goes down a lot I am gaining knowledge from YouTube or different online platforms to become a professional Cryptocurrency trader


Is there anyone here who is a professional trader, I want to help him that apart from the above mentioned things, what should I know as a professional trader, do you know of any platform or site from where I can take professional trader training ?

Yes u can after u have lost 80% of your capital first then u will be professional  and get back what u lost
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January 17, 2024, 09:43:54 PM
 #48

Anyone that started from a scratch can always have the chance to be a professional trader. However, know that the process is actually tough, so if you think you easily faint, trading will never be suitable for you. And trading is not just all about technical, fundamental or candle analysis, it’s actually more than that. If you don’t have the right attitude to combat trading uncertainties, then you will never be good enough. And most importantly, patience is a must that you should always carry when you’re in trading.

R


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January 17, 2024, 10:37:15 PM
 #49

We all have the chance to become a professional trader but you will be wondering why only a few reach that level.
Yes, by chance we all have equal, but people are impatient, people are always rushing to become successful traders in just a few days and so they fail.

If you want to become a professional trader, then must work on it and acquire all the knowledge needed. Don't expect it achieved so easily but expect more on hard work, and patience, and one must learn from their mistakes. It is simply to say "I have to do this and this" but you will find it hard in actual trade.
The fact that only few have succeeded in trading while a lot have end up quitting, then trading is really hard and risky to take. But then again, majority still have the high desires to trade because of the huge profits that only trading can give. While it becomes a career for few of us here, but I advise not to take it too seriously that you end up considered it as your main source of income without getting a real, stable job.

Anyone can trade and aim to be a professional trader but not anyone can succeed on it, which means it’s not only technical and fundamental analysis that matters, there’s a lot more than that so you can say to yourself that you’re a good and reliable trader.

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January 17, 2024, 11:37:52 PM
 #50

usually trading for most people is just for a sideline because usually in the real world have a prestigious offline job also for a social status. because trading also does not take much time. if professionals usually open training open services, open signals and open copy trades. it is to increase income. if only trading must have another job besides trading.
and the 3 points you mentioned above are really important for trading.

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January 17, 2024, 11:51:16 PM
 #51

  • Technical analysis
  • Fundamental analysis
  • Candle Analysis


If I can master the above I think I can be a successful trader Another thing I noticed is that when the market goes up or down again, no chart or technical analysis or fundamental analysis works
You already have the answer. Yes, mastering those will help you to become a better trader but it doesn't mean that you can always win against the market. It came from you that there's no chart or any type of analysis when the market itself worked on its own and that's why you need to be adjustable and adaptable to what is happening in the market. Don't be confused with your trades and as much as possible, my advice to you is to do trades one at a time and don't rumble it just because you think you're too good enough whether you're a starter or not.



 

 

 

 

 

 


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January 18, 2024, 05:14:06 AM
 #52

If you want to become a professional trader, then must work on it and acquire all the knowledge needed. Don't expect it achieved so easily but expect more on hard work, and patience, and one must learn from their mistakes. It is simply to say "I have to do this and this" but you will find it hard in actual trade.
By professional trader are you suggesting making trading your full time job? A lot of comments here already suggested that crypto trading is too risky to be taken as full time job. For safety, it could just be seen as a means of earning passive income so that you will not be pressured to take trades when you are not supposed to.
I would say it is not too risky to be a full time job, in fact there are a lot of people who do trading as their full time jobs, most of them do that in the stock world, or forex world but it is their full time job. The whole wall street world is filled with full time traders, that's literally their job and they control so much of the world with what they do. So it is easy to see that it's possible, it has been done and it can be done in a way that could be something that would benefit everyone as well.

I do agree that it is not all that easy to handle, but we should be considering that as a tough thing, we can2t really make it work any other way. I personally believe that the best thing to do would be just focusing on what we can do with it.

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January 18, 2024, 05:37:01 AM
 #53

Learning how to be a professional trader, is like trying to do something fun, for example lets assume that ever since you are a kid, you liked dancing, so you want to be a dancer, when you see people on the stage you see them dancing amazingly, and it does look fun, I have to admit it does look very fun when it all hits together and everyone dances every step correctly.

However, nobody tells you about the countless hours and hours of practice, not just for that one dance, because they do dance over hundred hours in practice for that routine, but that's just for that one dance, they dance thousand and thousands of hours until their feet bleed many days and they can't stand anymore, to become that good. That's just one example, but that is also how you become a professional trader too, may look good, but it bleeds until you are that good.

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January 18, 2024, 05:41:58 AM
 #54

(.....)
Is there anyone here who is a professional trader, I want to help him that apart from the above mentioned things, what should I know as a professional trader, do you know of any platform or site from where I can take professional trader training ?
I believe to become a trader in cryptocurrency, it will always start with ourselves. If you want to save money, learn first by yourself. Because right now, in our world, most of the things you can already see on the internet, you can learn new skills, especially this cryptocurrency trading.
Just build your educational foundation. Understand the basics - technical and fundamental analysis.
Risk management also is a must.

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January 18, 2024, 05:45:56 AM
 #55

If I can master the above I think I can be a successful trader Another thing I noticed is that when the market goes up or down again, no chart or technical analysis or fundamental analysis works Do I have to depend on the news or should I pay attention to the news that if there is good news in the market the market goes up a lot and bad news actually the market goes down a lot I am gaining knowledge from YouTube or different online platforms to become a professional Cryptocurrency trader

Yes if you master those analysis you'll become a good cryptocurrency traders but you'll need to know more and not just the analysis as the market get influence by many things like news. The market always react to the news, sometimes it's the rumours that make the market to move and when the rumours are confirmed the market might dump as some individuals start selling. You don't stop learning as a cryptocurrency trader due to new things influencing the market always.

Learning from YouTube or other different online platforms that are teaching you how to become a trader is good option as they'll help you to become a good trader faster. Also learning from a physical mentor is good as you can be free and ask all the questions that might be confusing and you can have a direct relationship with your mentor. You can become a professional traders but you'll need time to learn very well.

R


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January 18, 2024, 06:41:49 AM
 #56

I want to choose crypto currency trading as a career but I feel like I need to know a lot about it to choose it as a career and I don't think there is anything better to do from here.
As I am new to this place I am trying to know which aspects I can take Cryptocurrency trading as my career if I know well.

You have gained knowledge, but you don't have much experience in trading. so do it and you can see and assess how professional you are in trading. and of course how accurate your analysis is when you open trades on the market.

It's up to you to decide to make trading your career. but making this choice before you have enough ability is not the right choice. develop your potential and skills in trading through your experience. If you still don't feel like you have reached the point where you are satisfied with your achievements, it is better not to teach anything to beginners.


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January 18, 2024, 07:27:04 AM
 #57

There are also many people who have chosen cryptocurrency trading as their profession. To become a professional trader you need to acquire detailed knowledge about trading and even spend a lot of time in it otherwise you will not be able to become a professional trader. We all know that our first step to becoming a professional trader is to acquire a thorough understanding or knowledge of the cryptocurrency markets. If we understand how the cryptocurrency markets work and what factors can affect the price of coins If we understand it correctly then we might be able to become a professional trader.

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January 18, 2024, 08:03:51 AM
 #58

If you have learned technical analysis, fundamental analysis, and candle analysis, then you have the basic skills for trading, but even having these skills does not mean that you will achieve a regular income from trading. Your access to the knowledge that makes you read the news and then determine the market direction and use technical analysis as a confirmatory analysis is the stage of becoming an expert trader, then the possibility of growing your investment portfolio easily is possible, but even being an expert trader does not mean that you will not achieve losses or that trading will be like a job for you.

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January 18, 2024, 08:39:17 AM
 #59

-snip-
  • Technical analysis
  • Fundamental analysis
  • Candle Analysis
-snip-

Is there anyone here who is a professional trader, I want to help him that apart from the above mentioned things, what should I know as a professional trader, do you know of any platform or site from where I can take professional trader training ?
First, to be a professional trader, many things have to be known by you more than the ways of analysis only. Many are so particular about the way they analyze the market and spot their trades but it is beyond that, no wonder people are just losing. They will continue to search for good strategies and many will even discover such but will still not be able to utilize and convert them into successful trading careers because they lack others. Just continue to learn, and you will get to fit the missing pieces over time.

As for the listed analysis above, you have to know that we have two types of analysis which are Fundamental and Technical analysis, while some are now adding Sentimental analysis which is not professional as it relies on what others do. However, the Candlestick analysis is not part of them, it is among what you will learn in the technical analysis. And if you would follow my advice, I advise you to though learn the fundamental analysis too but master the technical analysis better, that is where the beauty of trading lies. Also, if you must learn technical analysis, ensure that Price action, Trendline and other extras like Wave theory and Fibonacci retracement/expansion are known by you.

It might take time, just study them so well, and also all the support and resistance strategies you can set your eyes on. Through them, I am sure that you have a very good strategy that can be sure of at least 75% winning. It is after this you proceed to master your trading style and build good risk and money management with it. Then from there, you master yourself in relation to the market. You need to tame yourself and build a good trading psychology void of emotion, greed and any other distractions that cause traders to fail. This will take long months of training and mastery, if not year(s). Your seriousness will also determine your results.

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January 18, 2024, 09:24:40 AM
 #60

Anyone that started from a scratch can always have the chance to be a professional trader. However, know that the process is actually tough, so if you think you easily faint, trading will never be suitable for you. And trading is not just all about technical, fundamental or candle analysis, it’s actually more than that. If you don’t have the right attitude to combat trading uncertainties, then you will never be good enough. And most importantly, patience is a must that you should always carry when you’re in trading.
That's right, everyone who starts trading can have the opportunity to become a professional trader, but they have to be patient in the process they have to go through. If they can't survive the initial process they have to go through from the trades they make, of course they will never be able to. become a professional trader

What you say is right, everyone who wants to become a professional trader must be prepared for the market uncertainty they will face and don't let it happen that when they see the market conditions are not what they want, they end up making the wrong decision, of course this will be very detrimental to them.

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