Becoming A Confident Trader In The Crypto Space

[Bournesparks]

Good luck with your competition goals. I've never been a good futures trader myself and always envy the large profit they display on exchanges. When I copy a successful strategy, the ultimate demise of it gets started. That makes me wary of copying them. The problem with my futures trading is I make money on most of them but the profit are small and the few times I lose, the loss are huge. That's why I have limited myself to spot trading, even though I'm in loss compared to USD, I'd have more coins.

Your risk management techniques needs to be worked on, if you get that right, then your risk reward ratio would be different. I can recommend some books to read and some Yt videos to watch. OP seems excited about the competition so I wish her well cos I heard KCGI is a fierce trading tournament but also exciting. She should update on her progress lol

You've said it all.. heard about the competition last year didn't participate. Seems it's back again with improved rewards.
KCGI2024

[Gozie51]

why i say fairer is because if we are trading the altcoin that sponsors the competition, it looks like they are the ones trying to direct where the market is going.

Sure, if you are trading the coins of developers in competition, it is likely to be manipulated because the system is not free from subjective contributions, such owners might which for bull for the coin to hype it more while you are selling then you definitely won't get the position correct or the direction will be hinged even if it was suppose to be in same direction with your analysis.

Wish me luck, folks! When I succeed, I'll be bragging about it to anyone who'll listen!

I wish you luck and have a good trading experience this time and get the price.

[andyou1234]

If we are calm when transacting or investing with crypto, then self-confidence is the main key to achieving success, and it is very common for this calm to be created due to greater experience and knowledge, and they can easily take advantage of any market situation, So before trading with crypto, you should first study the coin you choose, so you know how the coin is developing.

[Dr.Bitcoin_Strange]

Becoming a confident trader is not only by participating in trading contest, you should develop a trading strategy which you can be practicing on the demo account of any broker or exchange you are using. After you have master your strategy, you can then invest real capital and you need to only invest a little amount and start trading with it. After you have become more perfect and known how to manage your risk level, then you can step up your trading amount.

[Rengga Jati]

It is necessary to be confident in trading, but to become confident, there are things that need to be paid attention to and cannot be avoided. Your friend is right, don't rely on the signal that everyone gives. But more so, how do we want to study and analyze each indicator from the coin market chart that we will trade. because that is one of the basic things for every trader to have, the ability to analyze charts and markets, both TA and FA. This cannot be avoided or underestimated and that's why rely on signal. It won't take long to be successful because after all, if you want to achieve something higher, that means you have to be prepared with higher and harder efforts too, right?

Becoming a confident trader is not only by participating in trading contest, you should develop a trading strategy which you can be practicing on the demo account of any broker or exchange you are using. After you have master your strategy, you can then invest real capital and you need to only invest a little amount and start trading with it. After you have become more perfect and known how to manage your risk level, then you can step up your trading amount.

Exactly, joining trading competition is only one of the ways to test and develop the trading skills. For, this must be followed by professional traders that have been experiencing in trading. But if it is for new trader, it seems not conformed to the situation, because it is the competition. So, rather than joining trading competition early, it is better to  prepare ourselves to understand and also being more advanced in trading, with certain strategy and analysis.

[Dr.Bitcoin_Strange]

Becoming a confident trader is not only by participating in trading contest, you should develop a trading strategy which you can be practicing on the demo account of any broker or exchange you are using. After you have master your strategy, you can then invest real capital and you need to only invest a little amount and start trading with it. After you have become more perfect and known how to manage your risk level, then you can step up your trading amount.

Exactly, joining trading competition is only one of the ways to test and develop the trading skills. For, this must be followed by professional traders that have been experiencing in trading. But if it is for new trader, it seems not conformed to the situation, because it is the competition. So, rather than joining trading competition early, it is better to  prepare ourselves to understand and also being more advanced in trading, with certain strategy and analysis.

Most newbie traders at this time are usually testing their strategies and practicing on the demo account. If you are trading on a demo account, you are still trading on the original market volatility, but not with real funds, and you can learn from other professionals, acquire their trading strategies, and test them on the demo account. If you make profit on that demo account and you apply the same strategy to the real account, you can make profit too. In my opinion, a demo account is the best way to practice trading. In the past, I never really thought it was, but I realize it.

[Ndabagi01]

Last year my friend gave me some tough love. He said, "Step up your trading game, especially with futures trades. Stop relying on me for signals and missing out on opportunities due to trading anxiety. Take the reins, my friend!" At first, I thought my world had ended as a broke trader, but then I remembered, this is the year I'll become the trading legend I was meant to be!

Your buddy have really done you a big favour by not sending you signals because when he does, you’ll not want to learn again and will depend fully on those signals which never make you the legendary trader you can ever become. Signals are group though, but those are for people that are just looking to get some bucks off trading to fund their real projects. It works for them but also comes with his own risks and when the sender of those signals don’t do again or ended it, you’ll go back to square and it will be like you never learned anything all your life at trading. Becoming your true self trader is the best, don’t joke on it now matter how long I’ll take you to achieve that goal.

[Webetcoins]

Competitions surely looks like it would be a good way to show the world how good you are, but also to yourself as well which is the more important part. I think it is clear that as long as you trust yourself and do as well as you possibly could, then you should be proud of what you are doing.

A lot of people do not see that changing all that easily, but if you keep on trusting yourself then you will be doing fine in the end, a lot of people will have a lot of trouble with it, and you will have a lot of people who doubt you, but at the end you will realize that you need that confidence in yourself to make that trading work. A lot of people lack the confidence and the doubt makes them make wrong moves.