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iloveyobit

Becoming a successful trader with easy tipes

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Emotions often lead us to a loss. Feelings are our number one enemy on this forum

It is important to divide our money and enter into more than one investment or trade in this way, to completely save our money from being lost

We can lose one deal and succeed in another

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On 8/14/2020 at 4:23 AM, bino said:

What a very good advise. We must not swayed by our emotions in do some trading. The listed advise is very well said, minimize what you are ready to lose, because if you lose you are ready from it. Is there any advice for beginners who want do trading?!

This forum is full of information you need before you actually start trading, I advise you to learn first and then when you want the application to invest a little money that you can afford to lose,good luck.

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First, be patient to achieve the goals Secondly, not to enter randomly without analyzing the currency and reading its chart And for beginners, they must rely on normal trading away from margin and futures contracts, as they are dangerous for them.

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The most important thing in trading is managing capital so that we do not lose all our money suddenly, and if we divide the capital, this helps us to achieve more profits.

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Thank you.  What you provided was very helpful.  Many novice investors have to realize the importance of these matters because they often take sides with emotion and also invest everything they have. This is wrong because loss in this case means losing everything.

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These are very good advices for beginners but even some more advanced traders make the same mistakes so a good lesson for all of us. In addition to what you said I will say that a good plan is the best start in every trade and to make it is not hard but the hard part is to follow it.

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I loved this advice and there are more but for a new trader these are very important to know. When trading as a beginner I've fallen in these mistakes and took some time to react differently and obtain a trader mentality and mindset but I performed better after a while and with the help of some good lessons that we can find online.

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This is a good advice that you have contributed my friend, to become a successful trader you should take risk and and learn from failure because there is a great chance to earn more and also to lose, always make your mind cool.

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Most of the business men want to grow rich. They don't know that there are some poor people in the world. The prices of the items are increased. The business man wanted to earn maximum profit. 

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Let me disagree with your opinion in saying that you only invest what you are ready to lose .. Because when you think in this way, you are preparing yourself in advance for loss and do not expect to achieve any gains and this is wrong, my dear

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On 6/26/2020 at 3:32 PM, iloveyobit said:

In order to control feelings during any transaction or in the market in general, you must divide the capital because this is the most important factor for the trader , In addition to this, you can use such advice on the market :

 

 

  • dont put  all your eggs in one box .
  • invest only what you are ready to lose.
  • dont trade using your emotions .

Please ask questions in the posts  and I will answer you.

Thank you for this informative post. Trading is not an easy task, it needs a lot of research and dedication in the particular field. Besides, Patience is the key factor to get success in trading. One must implement right strategies, and make correct decision at precise time. As you said, it's not a good way to put the all eggs in single basket, besides you must partition your capital amount and invest them in a proportionate way to get profit in a long run.

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52 minutes ago, pacific said:

Thank you for this informative post. Trading is not an easy task, it needs a lot of research and dedication in the particular field. Besides, Patience is the key factor to get success in trading. One must implement right strategies, and make correct decision at precise time. As you said, it's not a good way to put the all eggs in single basket, besides you must partition your capital amount and invest them in a proportionate way to get profit in a long run.

There is no need to thank you, all these tips I took from my short experience in trading and the crypto market, and I am very happy to share it with members here so that they do not make the same mistakes

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Trading is a thing where you can succeed if and only if you have a lot of experience and you just can't start trading with a little knowledge because sometimes you loose all your money because of less knowledge and experience. So I would say start with little and try to learn more while trading.

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Trading is not so easy. But sometimes you can apply some methods to earn money. You can follow the 1 hour market rate and also follow the 8 hour market rate then you can trade here carefully.

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You are right .  I am satisfied with all your tips.  We should keep away all our emotions when we are trading .  We should have patience .  And i liked the point in which we should trade when we are ready to lose.  Thanks for posting this useful topic . 

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Thank you so much for sharing such useful information with us.  And we don't get enough information from different people.  Through your post we have found an example of what is needed to do business.  We have learned about how to trade crypto properly.  Thank you very much.

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Its a good questions to be answered, i think we should always follow the trends like uptrend or downtrend, signal showing in the graph and most important be patient its play a very major roll in trading. Thnaks you

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Yes you are right because in trading if you follow some instructions then the chances of loss decreased. So if any trader divide his capital and buy different coins then the chances of profit is increased becuse if he face loss through any coin then he has a back up of more coins, so profit is must. And control on your emotion in trading,  open your eyes every time, use mind and be patience. Patience is one of the key element of success in trading. So these tips are very helpful in trading for making massive interest.

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If you want to trade i would recommend to read some articles and books before depositing your money, because trade must be the part of your life if you want to earn some money. You must read, practice and watch videos about trade every day, so you can analyze market and try to win money.

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Quite useful and practical information on this thread, I would also definitely recommend reading the book 'Trading ini the zone' by Mark Douglas, which offers a comprehensive view of the underlying reasons leading to a lack of consistency and offers useful advice helping traders overcome mental habits that cost them money. Another good reading is 'The Psychology of the stock market'.

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That is some great advice towards the traders. In my opinion, to be a successful trader we all need to have patience,strategy and invest according to the market condition. You should only invest when you won't have nothing much to lose. Don't let your emotions control you in this thing.

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very much in agreement with you you cannot put all the eggs in a single box you have to diversify, many times we invest what we do not have with the risk of losing everything apart from being carried away by emotions
 

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