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Author Topic: How to become a successful trader  (Read 398 times)
Kriptogram14
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May 22, 2024, 06:22:10 AM
 #61

Having money is an advantage, so we can easily grow an investment opportunity if we know it will cause growth in the capital that we have. Of course, it is necessary to be wise in choosing
the investment that we choose to make.

As long as we are always ready for the investment we will make, we must be willing to take risks in any investment that we allocate our capital to.
That's just what we always do as capitalists, right?

That's right, bro, because all of this requires process and struggle, it is impossible for us to be immediately successful without process and struggle, in achieving all of this we must be consistent and learn from the failures we have experienced in the past.

Having sufficient capital, we can think ahead by allocating our funds for investment, so that we can manage them enthusiastically without feeling like giving up, because life in the future will be more difficult when we don't have enough savings.
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May 22, 2024, 01:18:22 PM
 #62

As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
Well, you can't say that one wouldn't have any loss if they stayed focused but it can reduce the potential losses they could get if they weren't completely focused. A trader can't trade without any losses at all, even if someone is an expert in the market, they will still have losses because you can't be right all the time, especially when you are in such a volatile and unpredictable market.

You are right about focus being a necessary aspect if someone wants to be successful in something, especially if it's something where you need to keep yourself updated with what's happening. When we talk about financial markets such as cryptocurrency market, one needs to know every single thing happening to be able to gain success.

Awaklara
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May 22, 2024, 01:52:58 PM
 #63


Having sufficient capital, we can think ahead by allocating our funds for investment, so that we can manage them enthusiastically without feeling like giving up, because life in the future will be more difficult when we don't have enough savings.
if you think like that, then you should save your money and not invest and trade. If you save your money, then you will not find a big risk to the money you collect. but investing and trading, still come with risks. even if you have very bad luck you can lose all the money you have collected.
I agree that trading requires a process and sufficient capital. but if it is not supported by the development of trading skills, it is the same. keep learning and trying, it will make us better. In fact, I'm sure professional traders will also continue to develop their abilities.

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May 22, 2024, 02:57:02 PM
 #64

As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.


it is good you focus on the process and also the same time focus on how to make money to because if your focus is to dependent on process you might be scared of taking some kind of risk, and to reduce the amount of stress it will be much better if you just hold and have your eyes on the market. because a lot of people are scared of losing there money so it will be better to focus on holding than trading because trading needs time and you must also know how to do market analysis. because a lot of people are always avoiding losing money and that is one thing that discourages people when it comes to investing or even trading they want to make money but they don't want to lose money which is not possible.

Well, you can't say that one wouldn't have any loss if they stayed focused but it can reduce the potential losses they could get if they weren't completely focused. A trader can't trade without any losses at all, even if someone is an expert in the market, they will still have losses because you can't be right all the time, especially when you are in such a volatile and unpredictable market.

You are right about focus being a necessary aspect if someone wants to be successful in something, especially if it's something where you need to keep yourself updated with what's happening. When we talk about financial markets such as cryptocurrency market, one needs to know every single thing happening to be able to gain success.

when anyone start trading there will be series of mistakes that will be encountered but continuity you will become a master in trading and that does not make you immune to losing money because even professional traders lose money this shows that nobody is an exception to this and it shows that you are learning and you will continue to be better at what you do. because the market can change even with your analysis done, and would you give up because of a view analysis. getting deep you need to have in-dept idea of what is going on in the market, it takes more energy than when you want to  hold, holding it setting your limits makes everything very easy. compare to when you want to trade.

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May 22, 2024, 04:30:19 PM
 #65

As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
Well, you can't say that one wouldn't have any loss if they stayed focused but it can reduce the potential losses they could get if they weren't completely focused. A trader can't trade without any losses at all, even if someone is an expert in the market, they will still have losses because you can't be right all the time, especially when you are in such a volatile and unpredictable market.

You are right about focus being a necessary aspect if someone wants to be successful in something, especially if it's something where you need to keep yourself updated with what's happening. When we talk about financial markets such as cryptocurrency market, one needs to know every single thing happening to be able to gain success.
Focusing on the trading we do is of course very important, even though there is still the potential for experiencing losses in the trading we do, I agree with you, even though they have become experts as traders, we cannot prevent them from losing, but by focusing on the trading we do, this will can reduce the risk of loss that we will incur.
Continuing to learn trading is of course very important even though we already have the knowledge and skills and this will really help us in deciding something when trading which will give us the opportunity to make a profit from the trading we do.
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May 22, 2024, 07:15:35 PM
 #66

Success in every work requires concentration and patience. Without these two, it is not possible to succeed in any work.  Trading is no exception. Trading requires patience. And concentration. The more effort you put in, the more success you will get. And trading is all about knowing and learning. The more you know about trading, the more success you will achieve. Basics of Trading  Trading theory can be mastered by knowing the rules and practicing more and more.

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May 22, 2024, 08:48:17 PM
 #67

Success in every work requires concentration and patience. Without these two, it is not possible to succeed in any work.  Trading is no exception. Trading requires patience. And concentration. The more effort you put in, the more success you will get. And trading is all about knowing and learning. The more you know about trading, the more success you will achieve. Basics of Trading  Trading theory can be mastered by knowing the rules and practicing more and more.
Exactly true, trading is not as easy as people might think and see the results from other people. Grading is not gambling, yes it is not gambling. If someone thinks it is gambling, then they might be lazy about studying. The combination of various efforts made, lean ring process, emotional management, and also discipline in trading is very important. If one of them fails, then what happens is that it might fail too. Moreover, all of this also affects the ability to manage the fund. And fund management is one of the key factors in trading which functions to optimize profits and minimize losses.

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May 22, 2024, 09:53:07 PM
Merited by Wiwo (2)
 #68

For you to become a successful trader, make sure to have your own stable job first so you won’t be pressured and force yourself to hit profits in trading. Note that trading is very unpredictable due to its uncertain market, so even if you have predicted some potentials to win your trades, still there won’t be stable guarantees that it’s gonna happen since there could be sudden twist and turns that will change the position of your trades and see them losing at the end.

You are correct, since if you do not have a solid income, it is not good to engage in trading because you will not succeed, and trading is not something you would simply engage in with the expectation of making a lot of money. Trading is beneficial, but you must first have sufficient expertise before you can begin to enjoy it. It is not like other investments that you can leave for an extended period of time and earn from. I don't think if you learn trading effectively and start making money, you'll want to do anything else again, because some individuals succeed at trading and transform their lives.

The first thing I notice. If you want to be successful in trading, you should first understand how to trade for 7 to 8 months before risking your money, and second, you should have a consistent income so that if you lose, you can acquire another money to risk and get your capital back, as well as profit if he likes you again. The final thing I'll say is to be patient because if you don't have patience, you won't be able to do anything. When you fail for the first time, you may be afraid and feel you can't win in trading anymore, sometime you lose so you may learn from your mistake and correct it next time when you stake again. but put in mind that trading is not something that is easy to do and get profit easily and is high risk more then investment.

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May 24, 2024, 11:37:56 PM
 #69

If you want to be a successful trader , then you have to focus on the process and trying to get more knowledge about it. Ask people that you think that I’ve been trading before you make sure you read books about Trading go and watch some YouTube videos online more knowledge on Trading because Trading is not something you should just go into with that having a full understanding about it, you end up losing a lot but you can be Trading why you are learning more about it, you enjoy trading them more when you understand it more better and you get more knowledge about



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Rainbot
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