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Author Topic: Can I become a professional trader?  (Read 1173 times)
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January 23, 2024, 11:18:20 PM
 #101

At the beginning of trading you may have difficulty in understanding the market or it may be difficult to determine the target, but if you can move forward slowly without considering this difficulty as a difficulty, then you will definitely know more in the later periods than the previous period. There should be enough curiosity to know, the more curiosity you have the more you will learn and the more you know about trading the more skilled you will be in trading.
Just absorb every difficulty that you will be getting from your beginning as you trade. You will have the ideas that will be built on that time when you start.
If you want to be a professional trader, you're still far from it because there are no qualities to become one other than being good in doing trades and the most important is when you are profitable.
You may even call someone who's very profitable and yet he's humble and won't want to get called as a pro trader.


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January 24, 2024, 06:35:36 AM
 #102

I want to choose crypto currency trading as a career
Making trading as a career doesn't seem ideal because trading is not like a job where you will definitely get a salary when you finish the job.
In trading, you can not only get profits but losses will also be impossible for you to avoid, no matter how skilled you are at trading, you will definitely get both, so that when you are not mentally able to see the losses you get then you will be even more stressed and it will make it more difficult to analyze the market for opening positions in the next trade, so if you want to make trading a career then you must have income from other sources and the money you use to trade is what you can afford to lose, but I don't see that as an ideal thing to do as a career.

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January 24, 2024, 10:34:00 AM
 #103

The journey in trading takes a lot of time and discussion making, people start from zero knowledge or just a small piece of it throughout the time's research, what are the ideal indicators, candles and strategies you can test all out now with the help of trading view or other platform supporting make a paper trade so you can practice your skills but of course it's different if you are using real money the commitment is right there because there's money at risk on the table, failure is part of this because you cannot learn from your mistakes and most of the traders does not have a successful trade as always. Experience and knowledge is the best key to become professional trader, me as a trader with some experience i know to my self I'm not yet a professional but i know how i can survive the market.

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January 25, 2024, 04:11:22 PM
 #104

Of course you can become a professional trader but you cannot become a professional trader in the beginning. Trading will be difficult for you in the beginning but if you can overcome this difficult period well then surely you can take your trading skills to another level. At the beginning of trading you may have difficulty in understanding the market or it may be difficult to determine the target, but if you can move forward slowly without considering this difficulty as a difficulty, then you will definitely know more in the later periods than the previous period. There should be enough curiosity to know, the more curiosity you have the more you will learn and the more you know about trading the more skilled you will be in trading.
The time that you spend on trying to figure out how to become a better trader could take a while depending on how good you are with math, it should not really be a problem. I get that it is not going to be forever neither, but do not rush into trading, thinking that you have done very well.

If you rush into trading without studying at all, then you will not be good at all, but if you study a bit and still rush into it, you will learn only half of what you should know and you are going to end up with a problem again anyway. It is much better if you could study all the way up and learn everything you should and then start small and get slowly better, that would make it a lot better for you in the end and should be your way forward.

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January 25, 2024, 04:33:22 PM
 #105

I want to choose crypto currency trading as a career
Making trading as a career doesn't seem ideal because trading is not like a job where you will definitely get a salary when you finish the job.
In trading, you can not only get profits but losses will also be impossible for you to avoid, no matter how skilled you are at trading, you will definitely get both, so that when you are not mentally able to see the losses you get then you will be even more stressed and it will make it more difficult to analyze the market for opening positions in the next trade, so if you want to make trading a career then you must have income from other sources and the money you use to trade is what you can afford to lose, but I don't see that as an ideal thing to do as a career.

People need to understand that they cannot rely on something which doesn’t have a guaranteed and fixed income. Trading is very uncertain. Sometimes you make huge profits, but majority time you don’t make profits, rather you make losses. Hence making it as your primary source of income and treating it as professional can be really risky. What you can do is rather do a small job for daily necessities and do trading as a side income. This is the best way to make money both ways.

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January 25, 2024, 05:48:10 PM
 #106

I want to choose crypto currency trading as a career
Making trading as a career doesn't seem ideal because trading is not like a job where you will definitely get a salary when you finish the job.
In trading, you can not only get profits but losses will also be impossible for you to avoid, no matter how skilled you are at trading, you will definitely get both, so that when you are not mentally able to see the losses you get then you will be even more stressed and it will make it more difficult to analyze the market for opening positions in the next trade, so if you want to make trading a career then you must have income from other sources and the money you use to trade is what you can afford to lose, but I don't see that as an ideal thing to do as a career.
There are professional traders. So if they can do it, why can't we? It is only not easy though. So, first we can start with a job and we can trade in the background. We also need to save up a lot of money before deciding to abandon our job for trading, so that we can be able to survive in tough times, since not all times we can earn a profit in trading. Being stressed is a kind of emotion. Other than that, there is also greed that we can feel once the opposite outcome is showing.

We need to remain calm so that we can still trade stably, since over-trading and using more money increases our risks. We may get lucky but not all times the results are like that.

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January 25, 2024, 07:16:23 PM
 #107

Trading is definitely a long journey that requires time, effort, and commitment.  There will be losses and failures, but that's part of the process.  I've been trading for a bit now.  I still think of myself as a student with more to learn.  But I've picked up a good amount so far and feel like I can handle whatever the market throws at me and, but I dont expect to profit on every trade.  No one bats a thousand.  But I trust in my skills and experience so far.  Even if I have losing days I know I can bounce back.

R


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January 25, 2024, 08:42:52 PM
 #108

I want to choose crypto currency trading as a career
Making trading as a career doesn't seem ideal because trading is not like a job where you will definitely get a salary when you finish the job.
In trading, you can not only get profits but losses will also be impossible for you to avoid, no matter how skilled you are at trading, you will definitely get both, so that when you are not mentally able to see the losses you get then you will be even more stressed and it will make it more difficult to analyze the market for opening positions in the next trade, so if you want to make trading a career then you must have income from other sources and the money you use to trade is what you can afford to lose, but I don't see that as an ideal thing to do as a career.
There are professional traders. So if they can do it, why can't we? It is only not easy though. So, first we can start with a job and we can trade in the background. We also need to save up a lot of money before deciding to abandon our job for trading, so that we can be able to survive in tough times, since not all times we can earn a profit in trading. Being stressed is a kind of emotion. Other than that, there is also greed that we can feel once the opposite outcome is showing.

We need to remain calm so that we can still trade stably, since over-trading and using more money increases our risks. We may get lucky but not all times the results are like that.
This is where people should really be trying out to cling into on which there are indeed those so called expert traders or professional ones. Even if we do hate it or not, there were those people who are really that good to make out those market predictions despite of having no assurance on what would happen in the market in speaking about future events. They do really just that know on what they would really be able to make use off.
If you are that someone who are really that a fan on following someone then it would be usually be something on how you do look at on how well they do make out those trades.

When you are really just starting up on becoming a trader then you would really be finding out yourself to be that having that kind of stir up like kind of idea into your head.
This skill isnt something that you could really be able to learn up on a short period of time on which it would really be that just normal that you would really
be that making yourself having that fast pace on learning up things on which its never been that recommendable.

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January 26, 2024, 06:26:59 PM
 #109

Just absorb every difficulty that you will be getting from your beginning as you trade. You will have the ideas that will be built on that time when you start.
If you want to be a professional trader, you're still far from it because there are no qualities to become one other than being good in doing trades and the most important is when you are profitable.
You may even call someone who's very profitable and yet he's humble and won't want to get called as a pro trader.
Professional traders already have a lot of experience and know the candles that form each time frame by heart. They also know the market cycles that occur and use several supporting indicators to determine where the market will go. It is not easy to become a real professional trader, it requires good knowledge and intelligence to process all the information and apply it to the charts and analysis carried out. Those who claim to be professional traders but do not have a good portfolio certainly have doubts about their abilities.
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January 28, 2024, 02:45:11 PM
 #110

Many people want to make trading a career, including me personally, but after I developed the skills that I have, it turns out that trading is not limited to that, there are many things that need to be paid more attention to, and I think the news is also important to know, so I failed to become a professional trader. Even if someone feels they have skills in trading and feel professional, why would they sell what they know about the market? Isn't it easy for them to make money from trading?

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January 28, 2024, 06:10:30 PM
 #111

Trading is at the very top of the crypto market because those who are more expert in it are constantly getting the best profits and those who are new traders are always bearing the losses. You should know how risky trading is for a new crypto user. There are many people who have studied trading for years and failed, so it is foolish to accept sudden profits. Since best trading takes a lot of practice, change your position.

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January 29, 2024, 07:51:56 AM
 #112

This is a great approach to start with by mastering technical, fundamental and candlestick analysis. I didn’t find myself in trading until I met a good trader friend who started explaining everything to me and showed me how to trade. I took a lot of strategies from him and still use them to this day. This is kind of my story of becoming a trader; without my friend, I would of course have made a lot of mistakes.
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January 29, 2024, 08:58:06 AM
 #113

Making trading as a career doesn't seem ideal because trading is not like a job where you will definitely get a salary when you finish the job.
In trading, you can not only get profits but losses will also be impossible for you to avoid, no matter how skilled you are at trading, you will definitely get both, so that when you are not mentally able to see the losses you get then you will be even more stressed and it will make it more difficult to analyze the market for opening positions in the next trade, so if you want to make trading a career then you must have income from other sources and the money you use to trade is what you can afford to lose, but I don't see that as an ideal thing to do as a career.
At the initial stages, everything will be exactly like this, there will be unprofitable trades, there will be stress, but after some time with experience everything will be easier to perceive, especially if the trader trades with a profit, even a small one. And of course, at first trading will not be able to become the main source of income, it is even possible that this will not happen even in a year, for everyone it takes different time, so of course you should take care of the main source of income, which can be work.
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January 29, 2024, 09:00:10 AM
 #114

This is a great approach to start with by mastering technical, fundamental and candlestick analysis. I didn’t find myself in trading until I met a good trader friend who started explaining everything to me and showed me how to trade. I took a lot of strategies from him and still use them to this day. This is kind of my story of becoming a trader; without my friend, I would of course have made a lot of mistakes.

What to think and worry about when buying alt coins?

Technical guidance is a must and if you are already involved in trading, it is not like playing on a demo account, you need tactics and strategies that ultimately make a profit, otherwise don't waste your time just looking at charts and watching prices. The shorter the time, the better, because you can sell it faster and increase the value of your asset.

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January 29, 2024, 12:32:46 PM
 #115

Trading is definitely a long journey that requires time, effort, and commitment.  There will be losses and failures, but that's part of the process.  I've been trading for a bit now.  I still think of myself as a student with more to learn.  But I've picked up a good amount so far and feel like I can handle whatever the market throws at me and, but I dont expect to profit on every trade.  No one bats a thousand.  But I trust in my skills and experience so far.  Even if I have losing days I know I can bounce back.

To live with confidence and trust in ourselves, nothing is impossible in trading. Of course, we have to remind ourselves that success won't come easily but after tough conditions. We suffer losses and difficulties first before we taste success that is why if we are impatient, it certainly won't work. A reason why thousands of individuals tried and have gone, and only a strong personality trader who has a positive mindset despite the losses and difficulties left and reach their goal. If we can't dare to face the hardship of being a trader, there is also no reason to start as it only ends up quitting.
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January 30, 2024, 08:15:59 AM
 #116

This is a great approach to start with by mastering technical, fundamental and candlestick analysis. I didn’t find myself in trading until I met a good trader friend who started explaining everything to me and showed me how to trade. I took a lot of strategies from him and still use them to this day. This is kind of my story of becoming a trader; without my friend, I would of course have made a lot of mistakes.

Mistakes is a common thing in life. As we expect too much from trading this is not a mistake. We like to say is a greed which is very bad habit in trading because not to sell or buy in time is not a mistake.
We should make some target for profit then we will safe from loss as well as from greed then the mistake words we cannot say in trading because how many people are getting profit from these tradings.

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January 30, 2024, 09:10:51 AM
 #117

Mistakes is a common thing in life. As we expect too much from trading this is not a mistake. We like to say is a greed which is very bad habit in trading because not to sell or buy in time is not a mistake.
We should make some target for profit then we will safe from loss as well as from greed then the mistake words we cannot say in trading because how many people are getting profit from these tradings.
Mistakes are a normal rule of life but we often lose a lot of money in our trading due to mistakes.So those of us who trade should adhere to few things which are. One thing that all of us who trade in cryptocurrencies should keep in mind is to control our emotions. If we cannot control our emotions then we will never be successful in trading. So we all should trade realistically rather than trading with emotions or we may end up in losses.

But there are other things we need to keep in mind that if we trade in any token, we don't expect extra profit from that token and we don't expect to get rich overnight from this token. I said this because suppose you take a coin entry and the price of that coin suddenly drops, then without being emotional, we have to review the condition of the token and then decide.

There are also many traders who trade a coin and watch the price of that coin over and over again. I think they should place a specific target sell order instead of checking the coin price repeatedly. Then maybe his mind will be very calm

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January 30, 2024, 12:39:47 PM
 #118

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 trading can be someone's part time job and if you want to do well in trading you must do it with your own efforts through your own analysis. The professional trader you trust cannot guarantee his own profits, so how can you fully trust someone else and invest your money accordingly? Trading is very risky so you must be careful here. And high amount cannot be invested in the beginning.



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January 31, 2024, 06:19:51 AM
 #119

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.


If you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's the sad truth. For a start you need a good and experienced hand to guide you. Trust me, trading isn't difficult as we see it. With the right Signals and guide, you can earn hugely monthly.
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January 31, 2024, 08:36:30 PM
 #120

Snip
Yes trading can be someone's part time job and if you want to do well in trading you must do it with your own efforts through your own analysis. The professional trader you trust cannot guarantee his own profits, so how can you fully trust someone else and invest your money accordingly? Trading is very risky so you must be careful here. And high amount cannot be invested in the beginning.

Instead of trading i prefer someone buy and holding bitcoin than going into trading because there is every possibility for that person to empty his  or her account so easily if that person doesn't know how to manage he or her funds effectively, even though he can still manage funds effectively the main goal should how capable is he to make profits with his funded amount in his or her account. Sometimes people always claims to be making profits in trading but other way round they are insuring lost, maybe still looking for the solution to explore for them to start making profits while trading.

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