Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: zorchy on October 13, 2018, 12:08:46 PM
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I want to learn about being professional trader. I want to search and read some articles but I don't know whatelse.
What I read so far is about how to read candlestick. And I learn how to read indicator but I just learn it by myself.
So what articles to read? If you have some suggestion, please share here. I don't ask for the articles to read, I just ask for some clue what to learn
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Best way, at least when you're starting out, is to watch videos on youtube. It's much easier to follow when the visuals are in front of you, rather than just reading articles. Plenty of training videos out there, and lots of them for free too. I wouldn't like to tell you exactly what to do, but some decent channels to follow are...
Chris Dunne
Datadash
The Chart Guys
I'm sure there's loads more around, these are just ones that I have spent time following over the past year or so.
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It will be very difficult to find, because a trader must have his own way to deal with the market so that it will be difficult to find several articles that talk about it. And to be a professional trader, what is most needed is experience, because with so many experiences we can choose the best way to overcome a problem in trading.
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The key to being a professional trader is to become a risk taker. This is because the crypto world is very difficult to predict. Today's coins can go up but in a matter of hours, they can go down quickly. We must have mentality for that. If not, then it will only be a loser, who enters crypto because he wants to make a profit, but you will go fast when you hear the price of a coin.
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To be a professional trader, you need to do a lot of research on cryptocurrencies. Need to read blogs, articles, and news about cryptocurrency.
Once you understand the depth of cryptocurrency, you can look for an exchange to trade. Do background research before buying on any platform.
I would suggest Coinswitch is the best exchange for trading the cryptocurrency. It's an exchange aggregator that supports many leading exchanges. It supports around 300+ cryptocurrencies.
We can trade 300+ cryptocurrencies (https://seo spam) at one place by comparing the rates across different exchanges and trade at the best rate.
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It will be very difficult to find, because a trader must have his own way to deal with the market so that it will be difficult to find several articles that talk about it. And to be a professional trader, what is most needed is experience, because with so many experiences we can choose the best way to overcome a problem in trading.
Yes, experience.The only difference between a good trader and a bad one is experience.If someone thinks that in a short time he will become a good trader,then he is mistaken.This could take years.
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If you want to read and understand more indicators for technical analysis you can search it on tradingview (use google)
If you want to be a professional trader I think you should learn more than technical analysis, such as: money flow, affect of information,...
Wish you would become a professional trader :)
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I tend to watch youtube videos instead of reading. I am fond of those that are not teaching the candle sticks but those that actually teach of the things you might wanna know about a coin ( it's use case the most ) then i'll watch it for countless of times. Just type in search bar cryptocurrency trading and so much choices would pop out
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If you have read, then its time to go in for the practical aspects. Utilizing what you've read, and the experience gathered is what will take you to that professional position you desire.
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Just go watch a lot of videos and read a lot of articles and try to apply what you watch and read on a not real money account. By the way, no matter how much you read and watch you can't really master all trading strategy at once it will require a lot of time to try to go with one strategy at a time, this will make things easier for you.
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I want to learn about being professional trader. I want to search and read some articles but I don't know whatelse.
What I read so far is about how to read candlestick. And I learn how to read indicator but I just learn it by myself.
So what articles to read? If you have some suggestion, please share here. I don't ask for the articles to read, I just ask for some clue what to learn
I read stuffs about candlesticks pattern and etc on babypips although it is not really crypto stuffs but it is a good read on candlestick stuffs. I also learn all this stuffs from the internet with information here and there then mix and match on your own reading is one thing try to start your practical soon to understand how its work and keep a journal or notebook so you can learn from your mistakes and become better.
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being a trader is very difficult not as easy as we think, we must really have experience to become a trader, all professional traders must also suffer losses, the main key is strong determination.
all articles are actually useful, depending on how you understand them .
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I want to learn about being professional trader. I want to search and read some articles but I don't know whatelse.
What I read so far is about how to read candlestick. And I learn how to read indicator but I just learn it by myself.
So what articles to read? If you have some suggestion, please share here. I don't ask for the articles to read, I just ask for some clue what to learn
Here is some simple advice that I can give you from my time trading that I wish I had heard on day 1 when things were a lot cheaper in the market...
A) You need to set stop losses, but not so unreasonably close... part of trading is making mistakes.. you try to limit them but you have to be willing to take losses when you chose wrong... but you cant put them at super obvious spots either so you may have to be willing to take 8-9% loss to avoid whales pushing into stops for liquidity to buy.
B) You can't have portfolios all in alt coins, this market especially when bear likes to move money around and scalp it off of noobs. Notice how most things over the last few months kind of go up and then low volume drift sort of around where they started, this is caused by whales scalping and noobs losing money and afraid to touch them again.
c) To go along with A... you will make bad decisions, but its like the house of a casino, you just have to win slightly more than you lose.. trading is a law of averages game, and requires discipline so you don't have 10 dynamite trades then lose it all on trade 11... have conservative rules in place for taking profit and what to do when you are wrong, and never ever deviate from them.
D) Don't fall in love with altcoins, we all love to speculate but trading off of charts and rules doensn't allow the freedom for exceptions.. and if youre letting go of all of your discipline over 1 or 2 shitcoins, then thats just enough to start making you lose more than you win.. you're on team "You" not team "insert shitcoin name here".
Basically trading has tons of rules, but personal disciplines are more important... charts have a way of showing your bias, and if your biased towards it always going up or down, that is all you will ever see.. so its important to have the right mindset of a trader over understanding the tools they use.
Good luck.
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You need to learn about the basics of cryptocurrency.
You need to nuture the patient virtue.
Because cryptocurrency demands a great deal of patience to succeed in it.
You need not be greedy.
Greediness has cost many their capital.