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iloveyobit

Becoming a successful trader with easy tipes

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On 6/26/2020 at 5:47 AM, 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.

To do business the first thing you have to have is capital, without that you cannot do anything, agree not to invest more than you are willing to lose, because risks always exist and staying bankrupt is not a good idea, emotions just to be happy when you win, no emotions to trade because losses can be catastrophic, you have to study a lot about the currency or currencies in which we are going to invest our capital to have a broad vision of how to act and have benefits, always be focused on the action we execute and not deviate in other interests while doing business to achieve our goal in the required time frame and with the best results.
These are generally steps that must be followed to make a good trade, apart from choosing a good platform.

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On 6/26/2020 at 2:38 PM, Zaino34 said:

These are good advice if we distribute our money to more than one trading and more than one investment, the chances of loss will be less compared to if we use all this money for one investment or trading because it may be a losing deal

Hello my friend, yes, distributing the capital to several investments will be a good solution to avoid loss, but keep in your accounts that your chances of loss increased when investments increased and some of them lost and others won will lead to a small profit or you may exit without a profit or loss, so this method has a disadvantage to Both sides

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The first two is easier to control but the hardest one to control is no. three which is not to get too emotional when trading. At times you get too engrossed in the moment that your emotions get the better of you. So better put your emotions in check and trade logically.

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Thank you for this informative topic. These tips will always be in my mind and will be doing things accordingly. 

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On 10/20/2020 at 5:10 PM, Ryken8 said:

The first two is easier to control but the hardest one to control is no. three which is not to get too emotional when trading. At times you get too engrossed in the moment that your emotions get the better of you. So better put your emotions in check and trade logically.

I agree that it is difficult, but according to my experience, you will gain it with the passage of time. The many losses will teach you that panic is of no use, and patience is the solution in order to get big returns ..

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We ought to distribute our money in more than one trading or more than one investment. Because if we obey this the chances of loss will less.If we invest all our money in one trading it might not be perfect

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Yes I agree divide the capital is one of the best becoming a successful trader, and will be great to invest in many cryptocurrencies to get many opportunities and to reduce the loss in case it happens. The emotion this is very important never let yourself to be guided by your emotion.

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On 10/20/2020 at 4:17 PM, jasson said:

we don't have many tricks in trading like you have mansions  but. we need luck in trading its my opinion because I but you have to make right decision in trading wait patient is very important in trading 

my friend you dont need luck in trading and there is not luck in crypto also , trading is a science and you need to study it and to give it time so this field can give you money later , happy earning .. 

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wow that advice was really necessory for me before watching your post. now i can follow your tips. i was confused to invest in some coin or not because i was not ready to lose. now i become mentally strong. i started invest and also now i am earning well

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I agree with your tips my Legend! To be a successful trader, we must treat trading like a business, study the market very well, always use a stop loss, develop a trading methodology and also risk only what we can afford.

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Another statement I would like to add here is ' do not count your chickens before they are hatched '. This is because most users predicted that they are going to a particular amount of profit without any delay. This does not hold true with investments. So this highly necessary that the traders make calculated risk and earn profits only when it is gained.

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It is not that easy to bevome a trader, if you don't  lnow how to analyse and don't  have any idea how the market or coin pumps or dumps you should  never start trading.

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Thank you for this my friend. I really think feelings is an enemy in tading. Also there are lot of principles you need to follow inorder to survive in the world of trading. There a lot of professionals and people who really has a ton of experience in trading which aldready create traffic and competitive condition . Also focusing on delivering your divided capital at right places being patient.

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Trading is not easy, that I why I can not trade for now, I am trying to study trading very well because I do not want to lose a penny into trade, I only want to gain. Learning it for 6 months is what I am do in now, I have started son days ago. People lose in trading learning it very well will help to gain. 

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Not to put all your eggs in one basket is a very important advice!
We know that there is a great risk when we invest our money in one place! This is not just for cryptocurrency trading! This is a general and important rule!
We must always follow it even in our real life

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On 6/26/2020 at 5:47 PM, iloveyobit said:
  • dont put  all your eggs in one box .
  • invest only what you are ready to lose.
  • dont trade using your emotions .

Makes sense for all of us i guess because 1 putting your investments on different boxes that would be more efficient and 2 use only the extra money you have never use your financial money bills for it because if you didnt profit its a big problem for your and last it force yourself if you cant its good to back out when pressured.

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Yes, you have a right. you  must be careful when trading and not use emotions in digital currencies so that you do not lose all your money, in addition to not leaving all your capital in one wallet, always be careful so that you do not regret it afterwards.

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Welcome and thanks for after reading this post I know a lot more about how I can become a more successful trader now and you given very easy tipes to us my mate.

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I do not about trading cryptocurrencies but trading in forex is not easy, although the placing of orders can be easy but to use it to make profit is the problem. I believe on crypto trading too, it will be difficult. People should learn about reading very well before starting. 

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You will have to study the market and buy when the price is low and sell when the price is high, the demand can greatly influence the price volatility so try to keep an eye on the news as well. 

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7 hours ago, GanBin said:

I do not about trading cryptocurrencies but trading in forex is not easy, although the placing of orders can be easy but to use it to make profit is the problem. I believe on crypto trading too, it will be difficult. People should learn about reading very well before starting. 

I also do not know much about Forex, but I know the crypto field very well, and both are difficult areas for trading and getting money. These tips are suitable in all fields, not just crypto trading....

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Thank you very much, your tips really helped me to start trading. I use several cryptos for trading, first I choose cryptos which are very volatile so that trading can be profitable. For the second crypto I chose crypto that has low transaction fees, so if I want to convert it to fiat I can use this crypto.

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On 6/26/2020 at 3:18 PM, iloveyobit said:

Not only for beginners, but these tips are valid in the market in general for all traders, not new ones. I have years in trading and I still use them.

Yes! You are right brother I am agree with you because trading is like a risk you might have to face loss and you will also get good profit.In trading you should have to control your emotions and keep the patience.

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I like this post very much because here are the three legend rules for your bussines if you invest that thing which you can lose then you will get profit and if you lose you will not be disheart because you have capability to lose that thing i really like three points and i will follow this in my life and bussines

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