Tips for participating in trading challenges/competitions

[Azharul]

Hey altcointalkers, what's good?

I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.

Future training is very risky so always be careful here. But if you only want to win a reward by completing a certain amount of trades, then you can only enter the trade with a high leverage and cancel the entry immediately, which will only increase your trading volume. However, it may cost you a few dollars, but it will not be a huge amount.  But always be careful and don't wait too long with entry as your balance can go to zero very quickly if the market goes against your entry. I think it is not a very good plan to plan to get rewards by filling the nights of futures trading.  Because here you can lose all your trading funds just by making a small mistake

I believe that trading is the best risky section in cryptocurrency world. So i am also agree with your comment. We also believe that future trading also be risky for anyone. So we must understanding in cryptocurrency market and trading system, then we could understand in trading system. If we follow in cryptocurrency market, we can see that many professional trader could success in trading. Because we know that, when we enter into trading we must be control our emotions and also be careful in trading system.

[nakmantu99]

Hey altcointalkers, what's good?

I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.

Future training is very risky so always be careful here. But if you only want to win a reward by completing a certain amount of trades, then you can only enter the trade with a high leverage and cancel the entry immediately, which will only increase your trading volume. However, it may cost you a few dollars, but it will not be a huge amount.  But always be careful and don't wait too long with entry as your balance can go to zero very quickly if the market goes against your entry. I think it is not a very good plan to plan to get rewards by filling the nights of futures trading.  Because here you can lose all your trading funds just by making a small mistake

I believe that trading is the best risky section in cryptocurrency world. So i am also agree with your comment. We also believe that future trading also be risky for anyone. So we must understanding in cryptocurrency market and trading system, then we could understand in trading system. If we follow in cryptocurrency market, we can see that many professional trader could success in trading. Because we know that, when we enter into trading we must be control our emotions and also be careful in trading system.

The main key in trading is focus and controlling emotions, because knowledge and experience can be obtained by practicing but difficulty in controlling emotions will be fatal. I also experience confusion when trading when I have determined the target and the market moves up, sometimes I become greedy and end up losing. That's the difficulty of being a professional trader because we have to learn with all that risk management is also needed in trading.

[lombok]

The main key in trading is focus and controlling emotions, because knowledge and experience can be obtained by practicing but difficulty in controlling emotions will be fatal. I also experience confusion when trading when I have determined the target and the market moves up, sometimes I become greedy and end up losing. That's the difficulty of being a professional trader because we have to learn with all that risk management is also needed in trading.

Indeed, Success in trading therefore depends on discipline and managing of the emotion than anything else. It is possible to gain knowledge and experience throughout the years, but otherwise, a lack of proper emotional regulation can have a very negative effect on the trading outcome. It becomes tempting to say, when the market is above expectations, that the trader should continue holding, but doing that due to the greed will always lead to losses that are so hard to come by.

I know that in order to be a professional trader I should be able to manage myself and my risks well. These above challenges are some of the experiences that make us more prepared to meet the market forces as they continue to evolve. Especially, the ability of how to avoid being disturbed by the limitations involved in trading is a great start towards creating consistency regarding the hitting of the identified targets.