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iloveyobit

Becoming a successful trader with easy tipes

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23 minutes ago, Hadeel said:

This is a good advices for all begginer who want to trade and earn a lot of money because trade not for winning only you may loss all your money my friend 

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.

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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

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I agree with you, emotions is our largest enemy in trading. Many people have lose their money because of emotions, we should create a good trading plan and thats will guide us so that we can reduce loss and increase profit. Trading without a good plan will make you to hate trading.

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Time is the ultimate weapon!

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Investing in a good Yobit fund does not cause loss and we can recover our currencies whenever we want but you are talking about trading that if we use it and depend on emotion we will lose, so I recommend adjusting participation because there is a difference between trading and investing

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actually i never invested before since i am new here but i think there is something wrong about your second point , you can always get your currencies back  that you  used to invest

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44 minutes ago, yato987 said:

actually i never invested before since i am new here but i think there is something wrong about your second point , you can always get your currencies back  that you  used to invest

what do you mean ? I meant that if you invested a small amount, you are ready to lose it, you will not be sad if the loss occurred, and the opposite happens if you invest a large amount that you are not ready to lose.

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Well said, also invest you can afford to lose, trading is really risky so its important that you are ready to lose your money when doing it, so you should limit also your budget for trading.

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To be successful trader you need to learn more about trading before start trading.You should always choose right and profitable coin for trading.You also need more patients in trading.

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I remembered a friend who deposit 10 usd to a doubler website but that site did not give his deposit with double amount. Automatically, he got scammed. I told him that he deposit what he is ready to lose. He didnt listen to me. I included this in my comment because I just want to give them an example. It is actually happening. Those scams. Be careful specially in investing. Choose a legit website to invest.

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Yes you are right but the new users do a lot of mistakes in frustration. They just watch for some rumers & dive into the situation without thinking for a while so they got themselves in hot water for doing nothing. So every beginner must first learn patience & rules.

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One of the most important advice that a successful trader in cryptocurrencies must adhere to is to control his emotions, especially when currency rates drop and the market movement is in a declining state, and also if you are a beginner in the field of trading you do not have to put all your capital in the deal in order to lose all Something if the deal fails

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On 6/26/2020 at 2:47 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.

Yes you are right about all the points but i like the first point don't put all your eggs in one box if you want to invest so you always have to invest on multiple account if some coins fall so other rise so you can easily wait for it to rise without any problem .

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On 6/26/2020 at 12:47 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.

And there have something I want to add here, when you are trade in platform, just place order 10% of your balance and also profit should be 10% - 30% of your placed order and risk should be 1% of your balance or 10% of your order. 

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Your trading tips really useful mate because trading is not suitable for panic traders, trading need patiences and control emotionals when we do any trading, emotions are more dangerous  its decides we earn profit are loss, so its very important to control emotions and do perfect planning before trading then we became good traders and earn profit.

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1 hour ago, guatazoo said:

And there have something I want to add here, when you are trade in platform, just place order 10% of your balance and also profit should be 10% - 30% of your placed order and risk should be 1% of your balance or 10% of your order. 

Yes, I forgot to realize the importance of developing a plan for controlling the capital, because the profit must always be twice the loss so that the trader does not suffer,thank you .

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Diversifying our investments in different assets is the best idea to cut the losses. If one coin's price is decreased, another coin may balance our losses. Anyway, following the own trading strategies also make the sense here. 

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1 hour ago, Moneyguru said:

I'm agree with you, but in my opinion we can also use stoploss in every trade , so we will be able to predict the loss.

Of course, stopping the loss is always required in every deal you make because a safety tool for the trader, unless he wants to lose all his money in the market

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21 hours ago, iloveyobit said:

Yes, I forgot to realize the importance of developing a plan for controlling the capital, because the profit must always be twice the loss so that the trader does not suffer,thank you .

But there have some traders who if they lose in previously trade, then they multiply order amount to the next trade, example if previously they were trade $100 and get the loss of $30, so then they will trade $200 to the next trade in order to recover the previously loss.

So I would like to suggest to them that they don't have to be greedy like that, they should use the same order for all trades and hope they will recover their loss slowly, because for experienced traders the winning trades are always be more than 60% and the losing trades are always below 40%.

So thats means if trader have totally of 1000 trades, them the winning trades would be 600+ and losing trades would be 400 below. 

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5 minutes ago, guatazoo said:

But there have some traders who if they lose in previously trade, then they multiply order amount to the next trade, example if previously they were trade $100 and get the loss of $30, so then they will trade $200 to the next trade in order to recover the previously loss.

So I would like to suggest to them that they don't have to be greedy like that, they should use the same order for all trades and hope they will recover their loss slowly, because for experienced traders the winning trades are always be more than 60% and the losing trades are always below 40%.

So thats means if trader have totally of 1000 trades, them the winning trades would be 600+ and losing trades would be 400 below. 

I totally agree with you and there are a lot of traders of this type. This is the biggest mistake you make in order to take revenge and get your money back, but in the end you will end up losing more money.

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On 6/27/2020 at 4:26 PM, John479 said:

Yes you are right but the new users do a lot of mistakes in frustration. They just watch for some rumers & dive into the situation without thinking for a while so they got themselves in hot water for doing nothing. So every beginner must first learn patience & rules.

Yes you are saying the right thing but all these tings are due to the lack of patience & they do so because they do not understand the actual situation.

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To become a successful trader one must have some self control and be ready to learn more new trading strategies also one must only risk what he or she can afford to lose as you said in your topic because trading is a game of risk sometimes you win and sometimes you lose.

Edited by George10
Cutting double comment saving error.
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1 hour ago, sidalilaroma85 said:

@iloveyobit

First i liked your name its very creative, secondly i think in your topic you define the meaning of the emotional analyze on trading, witch is the most important thing to master before doing trading instead of technical and fundamental analyze.

Managing feelings is through correct knowledge of the use of capital first because it is the most important thing for a trader, I have experience that when I divide my capital well I control my nerves better

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You are  right my friend, these tips are very important and helpful for everyone wants to trade or invest his money ,we have to be careful in our trading,trade requires experience and accurate in working ,try to put your money on many sites in order not  to lose all of them if you make any mistakes .try to be calm and patient. 

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ofcource , we should control our emotions while we are going To make any trade . we should believe on our analysis instaed of another one .

everybody must be learn about viewing chart before put there feet into trading Field .

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