Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on August 24, 2019, 06:01:02 AM
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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
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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
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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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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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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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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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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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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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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.
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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 (https://coindeal.com/) or Coinbase so you could be sure that your echange is reliable.
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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 (https://cryptolinks.com/cryptocurrency-news-aggregator), 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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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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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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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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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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In order to become very experienced in cryptocurrency trading and to earn income on an ongoing basis, you have to go a long way, you need to study the cryptocurrency sphere, cryptocurrency trading, at the initial stage to trade with experienced traders, and after some time you can start trading by yourself and start to making profit.
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Hello! I agree with people that good traders have some tips. When Im started trading my friend say me that need have cryptocurrency exchange. He reccomended this . Then if you want traded with broker, need to looking for this person and belive him.
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To be honest, I think I am not a good trader. So, I prefer to be an investor. But I may try becoming a trader someday.
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Point number 2 is always a concern of many investors when they have enough money and have plenty of time to trade, I think they will choose good coins like Bitcoin and Altcoin who have just entered the crypto exchange, investors will buy more altcoins when they see coins good to trade in the short term
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if for me to be a good trader, I think we can more to learn about good strategies in terms of trading, so I believe we will also be easier to get profits.
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We should not be expecting to become good Crypto Traders overnight, it comes with time and right direction. I never really see it fair if someone just starts up and start expecting rewards to fall into the lap, it will not happen. Even if someone manages it then too it will be short term. So the simplest formula is to get proper Crypto Guidance (https://cryptolinks.com/crypto-guides-and-courses-know-how-info) and keep on learning with making sure the plans too are executed right, it’s that then you move towards becoming successful.
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To become a good trader you need to have experience and knowledge. The experience is just a matter of time, but you onstantly need to gain some knowledge. Watch the market, observe the fluctuations. Be patient, do not give up. Remember that this world is always risky. And the most important: learn from your mistakes.
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Start with learning the basics and lots of practice,but most importantly don't give up.
Many novice traders have come out in profit on transactions only after the first year.
Everyone is looking for the magic Council.But it is not there ! Begin to act,a lot of practice and don't give up.Traders are not born.
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I agree. Learn how to be disciplined and create a trading plan too, in my opinion.
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Being a good trader must have a lot of experience. In addition to choosing exchanges with high volumes, potential Coins and chart analysis. However, initially traders who are just learning about crypto like me will look at exchanges and list of top cryptocurrency on the CMC site or others. Analyzing charts takes a lot of experience and takes a long time to learn.
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Research the market. Have a knowledge of terms in trading. Draw a sharp trading strategy including Position Sizing and Risk Management etc. Know the do's and don'ts. Learn from your experiences and mistakes and you'll become better over time.