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Author Topic: Becoming a good trader  (Read 10444 times)

Offline Domithra

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Becoming a good trader
« on: August 24, 2019, 06:01:02 AM »
Expertise is not acquired in one day. It requires constant lessons and practices in order to gain the desired finesse for a particular field of work or profession. The same thing applies to cryptocurrency trading. To become a good trader, one must be ready to learn and practice for a period of time in order to become an expert in crypto trading. Things to look out for during the early stages of lessons and practice include;
1. Which exchange platform to choose for the trading. Every trader has preferences and may choose based on a specific feature of a particular exchange. Some may choose because of high volumes, some may choose because of low transaction fees, some may choose because of security whereas some may choose because of fast transaction speed.
2. Which coin to choose for trading at a particular point in time
3. How to make professional market analysis and candle graph reading etc
« Last Edit: August 26, 2019, 05:15:16 AM by Domithra »
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Becoming a good trader
« on: August 24, 2019, 06:01:02 AM »

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Offline ayatoslaw

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Re: Becoming a good trader
« Reply #1 on: August 25, 2019, 01:02:17 AM »
if those three things have been done,
don't forget to learn trading management, this will help to strengthen our trading foundation, and also help regulate our emotions,
because trading without good management will get a loss not a profit. and I've experienced that

Offline Domithra

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Re: Becoming a good trader
« Reply #2 on: August 25, 2019, 05:56:58 AM »
if those three things have been done,
don't forget to learn trading management, this will help to strengthen our trading foundation, and also help regulate our emotions,
because trading without good management will get a loss not a profit. and I've experienced that
Of course, every trader cannot do without effective trading management which include the control of ones emotions. Emotions play a significant role when it comes to decision making, hence keeping it undergo control facilitate sound judgments which will allow the trader to make critical market analysis towards the trade.
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Offline Cutter Cute

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Re: Becoming a good trader
« Reply #3 on: August 25, 2019, 06:45:37 AM »
+

There is a lot to learn when trading, one of which is a cold fund aimed at buying some altcoin to trade, without disrupting our finances for daily needs
patience and other experiences make traders want to always learn from mistakes that occur when trading.
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Offline Rindian

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Re: Becoming a good trader
« Reply #4 on: August 25, 2019, 11:40:11 AM »
it takes a lot of time to become a good trader. The best teacher in educating is the environment and experience in the field. need more patience to become a tough trader in the crypto market.
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Offline Bobcrypto

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Re: Becoming a good trader
« Reply #5 on: August 25, 2019, 04:11:59 PM »
Expertise is not acquired in one day. It requires constant lessons and practices in order to gain the desired finesse for a particular field of work or profession. The same thing applies to cryptocurrency trading. To become a good trader, one must be ready to learn and practice for a period of time in order to become an expert in crypto trading. Things to look out for during the early stages of lessons and practice include;
1. Which exchange platform to choose for the trading. Every trader has preferences and may choose based on a specific feature of a particular exchange. Some may choose because of high volumes, some may choose because of low transaction fees, some may choose because of security whereas some may choose because of fast transaction speed.
2. Which coin to choose for trading at a particular point in time
3. How to market professional market analysis and candle graph reading etc

Yeah, your number 3 lesson is very vital, choosing  exchange is important to learning crypto trading, and obviously sellecting a key exchange help a trade make good decisions as regards to liquidity for fast trading.

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Offline Moykoy

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Re: Becoming a good trader
« Reply #6 on: August 30, 2019, 06:47:53 PM »
it's not easy to be a good trader. it takes a long time, also a lot of patience so that we can master the market well until success in trading. What's more, experience is the key to success that is very helpful.

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Re: Becoming a good trader
« Reply #6 on: August 30, 2019, 06:47:53 PM »


Offline May

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Re: Becoming a good trader
« Reply #7 on: August 30, 2019, 06:52:25 PM »
want to learn from past experience and not easily give up on obstacles on the road is the road to success and become a resilient trader. it is not easy to be successful in crypt trade. as long as we keep trying
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Offline vegasus

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Re: Becoming a good trader
« Reply #8 on: August 30, 2019, 11:32:12 PM »
it's not easy to be a good trader. it takes a long time, also a lot of patience so that we can master the market well until success in trading. What's more, experience is the key to success that is very helpful.

Takes long time or not will depend on the way and how the efforts done by the traders. You are not always expecting about experiences, you also need a smart way to make it. Reading various sources, learn from experts, and some other effective ways can determine success in being a good trader.

Offline dewod_

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Re: Becoming a good trader
« Reply #9 on: September 03, 2019, 12:31:50 PM »
Well, experience and knowledge are the key to success. Experience is just a matter of time, but you need to constantly gain some knowledge. As somebody said here before, it's good to learn from your mistakes. Another thing is that you should find the proper exchange, there are a lot of scams so be careful. I recommend you to choose one of popular exchanges like Kraken, CoinDeal or Coinbase so you could be sure that your echange is reliable.

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Re: Becoming a good trader
« Reply #10 on: September 05, 2019, 12:18:37 PM »
The very first thing when it comes to becoming a good trader is your mindset, it has to be strong and in line. If that’s weak rest of the things are automatically harder. So I always keep it all positive and I do that through proper analysing and keeping eye on Crypto News, as this is a simplest of formula to get things right for our self and to be able to benefit through. I don’t think it’s too much of an issue for us if we follow these.

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Re: Becoming a good trader
« Reply #11 on: September 06, 2019, 12:42:35 AM »
Expertise is not acquired in one day. It requires constant lessons and practices in order to gain the desired finesse for a particular field of work or profession. The same thing applies to cryptocurrency trading. To become a good trader, one must be ready to learn and practice for a period of time in order to become an expert in crypto trading. Things to look out for during the early stages of lessons and practice include;
1. Which exchange platform to choose for the trading. Every trader has preferences and may choose based on a specific feature of a particular exchange. Some may choose because of high volumes, some may choose because of low transaction fees, some may choose because of security whereas some may choose because of fast transaction speed.
2. Which coin to choose for trading at a particular point in time
3. How to market professional market analysis and candle graph reading etc

Yeah, your number 3 lesson is very vital, choosing  exchange is important to learning crypto trading, and obviously sellecting a key exchange help a trade make good decisions as regards to liquidity for fast trading.
That is a good idea, I agree with you. before plunging in the world of cryptocurrency and trading we must learn a lot first, especially from trusted people who have been proficient in trading before. happy trading for all of you and become the best trader.

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Re: Becoming a good trader
« Reply #12 on: September 06, 2019, 11:40:53 AM »
we start with ourselves. We learn in advance about crypto trading in the more senior and existing literature. we can become better and understand the twists and turns of the crypt trade. So that we do not panic or be surprised when trade experiences turmoil.

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Offline Keenly

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Re: Becoming a good trader
« Reply #13 on: September 08, 2019, 01:37:43 PM »
we start with ourselves. We learn in advance about crypto trading in the more senior and existing literature. we can become better and understand the twists and turns of the crypt trade. So that we do not panic or be surprised when trade experiences turmoil.
And before investing, you need to study more theory, right?

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Re: Becoming a good trader
« Reply #14 on: September 11, 2019, 11:51:32 PM »

Takes long time or not will depend on the way and how the efforts done by the traders. You are not always expecting about experiences, you also need a smart way to make it. Reading various sources, learn from experts, and some other effective ways can determine success in being a good trader.

Agree. Even if a trader has experienced a long time, it doesn't guarantee to be a good trader. The point is how the progress of his learning in crypto trading. To be a good trader is not only about the long time to trade but also needs sufficient knowledge. 
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