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Emma William

How do I become a trader?

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On 11/11/2020 at 12:25 PM, Emma William said:

How do I become a trader?

 

1434_IGh0dHBzOi8vczMuY29pbnRlbGVncmFwaC5jb20vc3RvcmFnZS91cGxvYWRzL3ZpZXcvOTMyMDM4MDI5ODYyNzE1MTgxNTNjNDYyOGVmNTAxM2EuanBn.thumb.jpg.d61ac7259a17595ccec3b62fa619f9f2.jpg

 

Many people search for information about the Bitcoin currency, which is one of the most important digital currencies at all, but this type is very volatile in the entire markets, but many people have achieved a lot of profits and have great experience in this field.

Ways to trade digital currencies for the year 2020 for beginners to profit from the Internet

 

There are two steps to start a good and successful investment and start trading via digital currencies, which is a great opportunity for you for the right investment, and there are two main steps, namely:

1. Initially, you must choose a platform that is reliable as a first step. Currency trading has become very popular, and there are many different brokerage companies and platforms that support digital currency trading.

ogImage.thumb.jpg.7d814eb7034d77dabb3961a83fe0b56d.jpg

 

For me, Binance is the best platform for trading cryptocurrencies

2- Depositing the required amount (capital) into the account of the platform that you have chosen after verifying the platform's account for sure

 

Digital currencies are considered a great opportunity for real investment and they are not available in many projects on the ground, and open the field for many ideal opportunities through which to achieve great success around the world in the fast-moving market, and the platform is the best ever and you must know the ideal advice that will You start with a strong and successful trading.

 

Depositing the required amount (capital) into the account of the platform that you have chosen after verifying the platform's account for sure

 

An ideal set of tips for trading the cryptocurrency market

five-trading-tips.thumb.jpg.50d407084af9b63f29d318c1dd398d18.jpg

 

1. You must start trading according to the appropriate financial situation for you, so that you do not risk at first a large amount and lose it and it is difficult for you to pay it later
.

2. You must chart a path to success by achieving the goals that you set at the beginning as a motivating factor for you, such as that you follow up the prices of certain currencies and find out the best price for them and the selling price in the short term.
 

3. You should try to avoid anxiety, tension and haste that results in wrong decisions, because losing deals can be successful later.
 

4. Stay away from fake news and never trust it.
 

5. You should not rely on luck or guesswork, as the successful trader always searches for information in order to benefit from it.

 

6. You must learn from your mistakes in order to be able to succeed and develop your skills from mistakes.
 

7. You should also learn to analyze data and prices yourself and not from another person.
 

8. You have to believe in the power inherent in this field.
 

9. You have to educate yourself on your own through the experiences of others.
 

10. Currency trading should not be your permanent job, but you should put a job next to it.

The best trading strategy

 

The best strategy is to buy some currency when its price is very low!

But how do we know that the price of this currency is low?

Through Bitcoin's movements in a linear fashion, this often leads to the deterioration of the rest of the digital currencies and leads to their decline to somewhat low prices!

What distinguishes this is that these currencies will return to their normal rates when the longitudinal movement of Bitcoin stops

So wait for the right opportunity to buy from the bottom and sell when the price goes up!

 

20_pips_a_day_scalping_forex_trading_strategy_1.gif.ca9c5f795ceeedd1fdb632943026d910.gifit is Detail information About Crypto Currency and data of prices it is very helpful for biggners Who wants to know about crpto Come on and should read it It will Beneficial  for those.

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To become a trader its necessary to have much knowledge about trade beacause there are many ups and downs in trade and you have to courage to handle trade as a trader.So always be positive in your work and be honest..

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In my opinion trading is just like marketing. If you want to become a trader so you have to get knowledge about trading and some experience about it that how to work here and how you can get more benefit from trading. First you have to get experience then you can become a successful trader.

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All these mentioned steps to be taken to become a cryptocurrency trading that is given in this topic are all very important to do not to fail as a Crypto trader. A beginner that wants to start trading must have the appropriate knowledge to trade and trade according to your capital and as well learn from how people have trade in the past to earn. Thank you for this mate.

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@Emma William Thank you for this educational topic mate. Indeed you have really helps the beginners in Cryptoworld and every newbies just joining to know what it takes to become a trader and some vital strategies involved to become a trader to earn good profit. Beginners and newbies should please learn from this topic for future use on trading.

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Hey matelf you want to be a tradee. Frist you need to leave fear behind you because if you are doing buusness with fear you cannot get good achievement in a buisnees. And ifvyoy are doing buisnees without fear.that information will tell you that what to trade how to trade and when to trade   

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yes I think you are right and you share very right information I think.  binance Is also good forum I think you can trade here but I almost do tree at the yobit. my passion is yobit.

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I was once a victim of online trading scam which made me loose believe in most of the online trading sites, but with the above mentioned tips by the senior members, I can now confidently go back and give online trading another chance.

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I am very interested in topics that talk about trading and investing because I am trying to learn this trade and I hope to be successful in it, I expect that if you follow these tips well, I will get a good result, but I prefer to search and learn more about trading before working on it.

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Hello friends, this is very good question which will help everyone of us in crytotalk currency because everyone in this platform, is there to benefit one or two things common, either to acquire knowledge or to realise profit in cryto

 

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Hello everyone, I consider that to be a good crypto trader, we must first know in which exchange we are going to operate, and in what way that platform works, and we must know how to predict the price of cryptocurrencies, using the different types of indicators.

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Seeking for knowledge about trading is the most important step towards trading, because without proper knowledge of trading, you won't be able to cope with the trading system.

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To be a good trader at first you have to read everything about crypto and research more about it. Whenever you learned about crypto then you have to know about the market policies from reliable sources, then coins after you know about all those things then I think you can start some small trade. But remember the more research you done the more chances you have to be a good trader.

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Thank you for the great tips on how to become a trader. Beginners or people who are interested in cryptocurrencies trading will find this topic of your very useful. The simple terms for trading is "Buy at low price and sell at high price"

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Hello my dear mate I am agree with you because you share the valuable information .I think that I want to share my opinion because you want to become a good trader .you must have good experience and information about the cryptotalk trading .you must follow the rules and regulations about the cryptotalk forum .than you because a good acheiver and trader on forum.

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Hi friend if you want to become a good trader then you must have to learn about the basic skils of trading. 

You must know about the demand and supply and must control it. 

You have a good experience to become a good trader. 

You are also right dear friend @Akmal Ashraf i like your opinion so you should.... 

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To be a good trader, you must have some knowledge of cryptocurrency. First of all you should get some information about cryptocurrency from this platform, all the information in it is about trading, if you learn something from here about crypto then you can become a good trader.

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If I want to be a businessman, I have to be good in terms of character first. For example, these are polite. And I need to understand how much I can gain or lose in any business. Depending on the type of business I have and the amount of capital I have, I have to calculate how much money I can earn annually by using that capital. I have to be a businessman like a successful entrepreneur

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There is various way and sort of exchanging, For ex stocks and digital money, on the off chance that you pick one of them you need to lean about it and see may instructional exercise to how trade,then you can set up your capital and the spot you need to exchange like finance trade, and you start with a modest quantity,

Edited by Project14

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I appreciate your knowledge and experience skills u create very impormative post for others people . And also for that people he want to become a traders . No one can do that because its very difficult for everyone u must to need alot of knowledge about bitcoins, mining , trading , if u gaining knowledge about this after this u start your trading business with low amount low amount is very best because u don't know how i trade it if u gaining experience after that u invest large amount thanks

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in reality I have little data about binance and I think about certain methodologies yet this post improve me more since, in such a case that somebody has little data about this so he/she will comprehend it well and the clarification is very well too there is a few hints so I value your work I realize you give more opportunity to this posts for making..

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Believe me today if you want to become a trader (investor) you mostly have the necessary resources of investment before you can go into the investment you want to do, time and knowledge is also needed, thanks mates you are always welcome have a nice.

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If you want to became a trader then you need to follow senior members. Cause they are easily teach you about trading. If you follow them then you can easily learn about it. Then you will become a trader.

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A very informative topic. Thank you for sharing a knowledgeable content in this forum. Keep it up.

This will base on the knowledge that I read in some articles about trading. Trading is one of the risky platforms because you will lose all your funds if you start trading without a proper knowledge and experience about it. Trading needs a lot of readings and hardwork for you to become a professional trader. It needs to be intelligent on picking the market pair and entry point because if you mistake it the fund that you bet will be liquidated. I must suggest to avoid of that you can set a STOP LOSS to prevent it from liquidate and not a bigger lose to your funds.

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On 11/11/2020 at 9:25 AM, Emma William said:

How do I become a trader?

 

1434_IGh0dHBzOi8vczMuY29pbnRlbGVncmFwaC5jb20vc3RvcmFnZS91cGxvYWRzL3ZpZXcvOTMyMDM4MDI5ODYyNzE1MTgxNTNjNDYyOGVmNTAxM2EuanBn.thumb.jpg.d61ac7259a17595ccec3b62fa619f9f2.jpg

 

Many people search for information about the Bitcoin currency, which is one of the most important digital currencies at all, but this type is very volatile in the entire markets, but many people have achieved a lot of profits and have great experience in this field.

Ways to trade digital currencies for the year 2020 for beginners to profit from the Internet

 

There are two steps to start a good and successful investment and start trading via digital currencies, which is a great opportunity for you for the right investment, and there are two main steps, namely:

1. Initially, you must choose a platform that is reliable as a first step. Currency trading has become very popular, and there are many different brokerage companies and platforms that support digital currency trading.

ogImage.thumb.jpg.7d814eb7034d77dabb3961a83fe0b56d.jpg

 

For me, Binance is the best platform for trading cryptocurrencies

2- Depositing the required amount (capital) into the account of the platform that you have chosen after verifying the platform's account for sure

 

Digital currencies are considered a great opportunity for real investment and they are not available in many projects on the ground, and open the field for many ideal opportunities through which to achieve great success around the world in the fast-moving market, and the platform is the best ever and you must know the ideal advice that will You start with a strong and successful trading.

 

Depositing the required amount (capital) into the account of the platform that you have chosen after verifying the platform's account for sure

 

An ideal set of tips for trading the cryptocurrency market

five-trading-tips.thumb.jpg.50d407084af9b63f29d318c1dd398d18.jpg

 

1. You must start trading according to the appropriate financial situation for you, so that you do not risk at first a large amount and lose it and it is difficult for you to pay it later
.

2. You must chart a path to success by achieving the goals that you set at the beginning as a motivating factor for you, such as that you follow up the prices of certain currencies and find out the best price for them and the selling price in the short term.
 

3. You should try to avoid anxiety, tension and haste that results in wrong decisions, because losing deals can be successful later.
 

4. Stay away from fake news and never trust it.
 

5. You should not rely on luck or guesswork, as the successful trader always searches for information in order to benefit from it.

 

6. You must learn from your mistakes in order to be able to succeed and develop your skills from mistakes.
 

7. You should also learn to analyze data and prices yourself and not from another person.
 

8. You have to believe in the power inherent in this field.
 

9. You have to educate yourself on your own through the experiences of others.
 

10. Currency trading should not be your permanent job, but you should put a job next to it.

The best trading strategy

 

The best strategy is to buy some currency when its price is very low!

But how do we know that the price of this currency is low?

Through Bitcoin's movements in a linear fashion, this often leads to the deterioration of the rest of the digital currencies and leads to their decline to somewhat low prices!

What distinguishes this is that these currencies will return to their normal rates when the longitudinal movement of Bitcoin stops

So wait for the right opportunity to buy from the bottom and sell when the price goes up!

 

20_pips_a_day_scalping_forex_trading_strategy_1.gif.ca9c5f795ceeedd1fdb632943026d910.gif

 

The topic is very useful, but you do not have to follow only one strategy, but rather you must have a lot of alternative strategies and plans. Because the strategy you refer to is not always helpful. It may not lead you to success.

 

In addition to an important point that you forgot to mention, to become a successful trader you must trust yourself and your intuition

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And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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    • Добрый день, уважаемые пользователи! Пожалуйста, обратите внимание! У нас произошла смена контактов Telegram, по причине - предотвращения появлений фейков, прошлое имя пользователя было слишком длинное и была высокая возможность изменить несколько символов и визуальные отличий не было бы. По этому мы создали "имя пользователя" максимально коротким и простым. Прежние контакты "имя пользователя" - @Finansovich_exchange (Больше не актуальны!) Действующие (новые) контакты "имя пользователя" - @fin_exc (Актуальны!) Пожалуйста, будьте внимательны, переходите по прямой ссылке которая указана в топике, помните-что мы не обрабатываем заявки в Telegram, все заявки обрабатываются исключительно через наш сайт!
    • В 2024 году уменьшаются запасы долгосрочных холдеров BTC. В мае долгосрочные инвесторы продали 160 000 BTC на сумму 10 млрд$. В июне было продано 40 000 BTC. Также продают майнеры и держатели спотового ETF BTC. Рынок находится в стадии угнетения и большинство инвесторов начинает задумываться о выходе с помощью обменника cryptonet.pro
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    • В видеоролике, опубликованном в сентябре 2014 года исполнительным председателем MicroStrategy Майклом Сэйлором, Ассанж называет Биткойн «самой интересной интеллектуальной разработкой в Интернете» с момента создания сети в 2009 году. Спустя годы после этой речи такие страны, как Сальвадор, и такие компании, как Strike, начали использовать биткоин в качестве инструмента для отправки и получения дешевых и мгновенных денежных переводов по всему миру. Более того, биткоин и криптовалюта стали ведущими инструментами для финансирования глобальных гуманитарных движений.   Однако, по мнению Ассанжа, это даже не одно из основных преимуществ Биткойна. По его словам, одним из лучших качеств сети является ее способность «защищать себя или людей, которые ее используют, от всей мощи любой сверхдержавы». Биткойн нарушает изречение Оруэлла Действительно, биткоин неоднократно использовался как инструмент для обхода санкций, введенных национальными правительствами — к лучшему или к худшему. В 2022 году канадская колонна дальнобойщиков, протестующая против общенациональной вакцинации, обратилась к биткоину для сбора средств, когда традиционные платежные платформы, такие как GoFundMe, заблокировали пожертвования. Сам Ассанж обратился к криптовалюте в качестве источника финансирования после того, как его посадили в тюрьму в Великобритании, в том числе получив более 54 миллионов долларов в ETH через AssangeDAO .
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