How we Become a Good Crypto trader... - Page 24 - Crypto World - CryptoTalk.Org Jump to content
pakjobhelp

How we Become a Good Crypto trader...

Recommended Posts

To be a good crypto trader, you need to analyze the market very well on a daily basis. You have to master the crypto market news. I recommend you to take advantage of expert opinions on forum sites like Cryptotalk and video sites like youtube. In the crypto market, you have to be patient, not be too greedy, not greedy. If you have the opportunity, I recommend that you work with experienced people in this market.

Share this post


Link to post
Share on other sites

That's really a nice tips on how to become a good trader. We all know that we can become rich through cryptocurrencies trading but we need to be a good crypto trader and you have mentioned some in this topic. I will also add my tips we also need to be patience. 

Share this post


Link to post
Share on other sites

Extra point: Do not be deceived by yourself when earning some money and always remember that you are not the ultimate in experience. Ask and take expert opinions before doing any work. Another bonus point: Be absolutely confident in Bitcoin

  • +2 1

Share this post


Link to post
Share on other sites

we can turn into a decent crypto broker on the off chance that we done exchange as indicated by pattern of the market in the event that market are sidely, at that point we should evade from trade.and consistently attempt to set little benefit targets.

Share this post


Link to post
Share on other sites

Yes you are right to become a good crypto trader one need to acquire knowledge and experience in order  to achieve the goal try to have a basic skills and also learn about the crypto currency that have good profit and benefits in trading and investment 

  • +1 1

Share this post


Link to post
Share on other sites
On 1/15/2020 at 8:22 PM, pakjobhelp said:

In my opinion we become good crypto trader and earn more if.......we adopted these habits and followed. No.1: Always pay attention the crypto market. No.2 Never put all your eggs in one basket (Diversify). No.3 Invest what you can lose. No.4 Don't be greedy . No.5 does not invest blindly. Last and more important point that is " Always learn from your mistakes".

Trading in Bitcoin and digital currencies requires a lot of learning and experience. You can actually work in circulation, but you must first learn and benefit from the experiences of others

Share this post


Link to post
Share on other sites

If you want to become a good trader then you will have to learn some thing new and some thing old for the trading of the Crypto just like the other Crypto traders done before they start any kind of the trading.

Share this post


Link to post
Share on other sites

These are some great tips for new traders like me. I will never keep all my currency in one wallet. One thing that I want to add is always focus on developed currencies in the beginning for long term investment. Day trading is not suitable for new traders.

Share this post


Link to post
Share on other sites

I think the most important thing is to manage emotions, not to sell in panic or buy with FOMO, apart from that experience and patience are very important, it is also very difficult to become a successful trader, the simplest thing is to buy and hold long term

Share this post


Link to post
Share on other sites

Crypto platform is the best place that provide great opportunities to his user .we can earn and learn at this platforum .trading at this platforum are the great opportunity for all user. We can earn great profit by trading to become a successful trader you have come to know all the rules of trading and always start with little money to gain the experience .

Share this post


Link to post
Share on other sites

Excellent post friend, you are very right in many aspects, I like what you say about diversifying, this will depend if we study to be a trader who operates in the short term, or in the long term that this case would be to be a holder, this I like more because we do not have to be very aware of the market and we should only sell cryptos when the price is very high.

Share this post


Link to post
Share on other sites

Your advice is good, my friend. Everyone who recently entered into trading should pay attention to such steps and follow them. I want to add to them that you collect information to be an expert. Do not take a risk if there is not enough information about the currency you want to invest in.

Share this post


Link to post
Share on other sites

I think, To became a good crypto trader you have to first learn the coin nature,first be knowledgeable make yourself have a deeper knowledge about trading and it all aspect, second start with small capital to have experience,I think you will gain   Good Crypto trade,Thank you.

Share this post


Link to post
Share on other sites

You have given very good points on how we can get better at trading in the crypto world but you left out that we need to work hard to learn more about trading and keep following those who are experienced in trading as this will increase our trading skills.

Share this post


Link to post
Share on other sites

Look if you want to be a good crypto trader then you must have good knowledge and skill for it. If you want to trade then you have to take risk. You have to analysis the market. You have to control your emotion. Never stop learning. Gather knowledge and skill. Take advice from experts. 

  • +1 1

Share this post


Link to post
Share on other sites

Thanks for your suggestions. I agree with you. To become a trader, you have to gain proper knowledge for that. You have to research deeply the place where you are going to invest or trade your coins. You have to be patient and calm. Do not make any decision in hurry. Always choose a coin with your proper research  for trading or investing. And try to take advices from seniors.

Share this post


Link to post
Share on other sites
On 1/16/2020 at 12:22 AM, pakjobhelp said:

In my opinion we become good crypto trader and earn more if.......we adopted these habits and followed. No.1: Always pay attention the crypto market. No.2 Never put all your eggs in one basket (Diversify). No.3 Invest what you can lose. No.4 Don't be greedy . No.5 does not invest blindly. Last and more important point that is " Always learn from your mistakes".

Yaah,i totally agree with you my friend. This is very useful advice for me. We all know that trading is very risky.But to become a good trader we should follow some tips.At first we have to get enough information about trading.We have a clear idea that which platform and crypto currency are suitable for trading.

Share this post


Link to post
Share on other sites

To be a good trader you must learn through practice, since only that can test the knowledge and ability of the same to operate in the different markets, of course, the advice you mention is important and in fact could be considered the basis that should be followed, but theory is one thing and practice is another.

Share this post


Link to post
Share on other sites
On 1/15/2020 at 2:22 PM, pakjobhelp said:

In my opinion we become good crypto trader and earn more if.......we adopted these habits and followed. No.1: Always pay attention the crypto market. No.2 Never put all your eggs in one basket (Diversify). No.3 Invest what you can lose. No.4 Don't be greedy . No.5 does not invest blindly. Last and more important point that is " Always learn from your mistakes".

It is an incredible technology that cryptocurrencies implement that has given an incredible change to the digital age and the financial world, which is why it continues to help many people in the world a lot in the face of unemployment and even more in the face of this pandemic.

  • +1 1

Share this post


Link to post
Share on other sites

The safest method to become professional traders is not paying for these online courses that give none of that, I think that the most economical and profitable way that exists to learn to trade is by reading some books that are excellent to develop all our ability to be good traders.

  • +5 1

Share this post


Link to post
Share on other sites
On 1/16/2020 at 12:22 AM, pakjobhelp said:

In my opinion we become good crypto trader and earn more if.......we adopted these habits and followed. No.1: Always pay attention the crypto market. No.2 Never put all your eggs in one basket (Diversify). No.3 Invest what you can lose. No.4 Don't be greedy . No.5 does not invest blindly. Last and more important point that is " Always learn from your mistakes".

Thanks for your advice.  It is not easy to be a good crypto trader. If you want to be a good businessman, you have to have a very good idea about business. Especially about market and price fluctuations. Because the market plays a major role in business.  Moreover, emotion control is a big part of the business.  Emotions can destroy and succeed both.

Share this post


Link to post
Share on other sites

To become good traders without any doubts, what we must always learn to master our patience and have a lot of knowledge, this being something that is totally good for everyone at all times, that is, if we have a lot of knowledge, we increase our profit margin and reduce our lost this is what is really good for everyone.

  • +1 1

Share this post


Link to post
Share on other sites

You have rightly listed the important characteristics of a good trader. But inspire of awareness we make some mistake or the other. Without totally depending on the news or opinions of experts one must do our own research.

Share this post


Link to post
Share on other sites

To be a good crypto trader then you should follow this small thing: You must only invest the amount of money that you are not afraid of losing. This is the first golden rule you must ever follow. The next thing you must have is patience and it is the main thing you must practice.

Share this post


Link to post
Share on other sites

Yes agreed and appreciation to your expertise the things you mentioned is right to becoming a good traders that is professional practice that you mentioned and we should also focus and get reviews from the market experts also to prevent from loses. 

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • CryptoNews of the Week     – The Republican candidate for the upcoming US elections, Donald Trump, has declared his intention to become the "cryptocurrency president." Speaking in San Francisco, he presented himself as a defender of digital assets and criticized Democrats' attempts to regulate the industry. According to Reuters, Trump raised $12 million for his campaign at an event for venture capitalists from Silicon Valley, organized by Chamath Palihapitiya and David Sacks at Sacks' mansion in the Pacific Heights area. Media reports indicate that executives from the crypto exchange Coinbase, the founders of the Gemini trading platform, Cameron and Tyler Winklevoss, and other industry representatives were present at the event. Intercom CEO Eoghan McCabe shared on X about his participation: "I spoke with six people there. None identified as Republicans. All had voted for or donated to Democrats in the past. Now they support this guy [Trump] for his policies on war, immigration, cryptocurrency, and more. These elections are a referendum on these issues."   – The attitude towards cryptocurrencies will be a key difference between the candidates for the US presidency, Donald Trump and Joe Biden, though neither understands the topic. Billionaire Mark Cuban stated this: "Do you really think [Trump] understands anything about cryptography beyond making money from selling NFTs? Neither candidate understands. But I've often said that Biden will have to choose between [SEC Chairman] Gary Gensler and crypto voters, or it could cost him the White House."  Discussing the upcoming elections on X, ASI crypto-lawyer Preston Byrne noted that Trump's crypto policy is "actually very substantial and well thought out, while Biden's approach is insane and punitive."   – The "Intelligence Authorization Act for Fiscal Year 2025" was submitted to the US Senate on 3 June 2024. On 5 June, Senator Mark Warner's strategic amendment to this bill was published on the social network X, granting the US president new broad powers. This allows the president to "prohibit any transactions between any person under US jurisdiction and foreign intermediaries in digital asset transactions."  Financial lawyer Scott Johnsson criticized the law due to its wide scope. He sees it as an attempt to control digital assets under the guise of fighting terrorism, as the amendments added by Warner are borrowed from the Anti-Terrorism Financing Act.   – Late in the evening (CET) on 12 June, the FOMC (Federal Open Market Committee) of the US Federal Reserve will decide on the dollar interest rate. Historically, such decisions have always significantly impacted bitcoin's price. In this regard, ChatGPT-4o AI was tasked with forecasting BTC's price based on technical analysis and financial analysts' assumptions.  According to the AI, bitcoin will trade in the $68,000-73,000 range. However, a rate cut or hints of an upcoming reduction could push BTC beyond this range. In this unlikely economic scenario, ChatGPT-4o predicts the leading cryptocurrency will trade between $73,000 and $75,000 or higher.   – Over the past few days, the crypto market leader has lost nearly 10% in value. Many experts believe this is due to investors' concerns that US inflation will remain high for a long time. Under such conditions, a quick easing of the Federal Reserve's monetary policy is unlikely. Enthusiasm was also dampened by the fact that spot bitcoin ETFs broke a 19-day streak of investment inflows. On 11 June alone, industry funds lost nearly $65 million. MN Capital founder and analyst Michaël van de Poppe noted that investors are acting more cautiously ahead of the FOMC meeting on 12 June. He does not rule out that seller pressure will persist in the near term. Under such conditions, bitcoin could correct to $65,000. However, van de Poppe does not expect a deep price drop, as significant liquidity is concentrated around the $60,000 mark, indicating strong support, and positive dynamics could be supported by geopolitical instability.   – Traders note that "digital gold" has recently been trading within a narrow range of $66,000 to $72,000. One popular market participant considers the lower boundary an ideal entry point, while entry at the upper boundary carries high risk.  Despite recommended caution, over 70% of the crypto community participants in several surveys believe BTC is on the verge of continued growth. For example, a trader nicknamed Captain Faibik is confident that bitcoin is preparing to break out of the "expanding wedge" technical analysis pattern. Breaking above its upper boundary, in his opinion, will open the way for the cryptocurrency to rise above $94,000. Trader Titan of Crypto, in turn, expects bitcoin to reach $100,000 this summer.  Community participants also point to the activity of large investors as a sign of BTC's growth potential. Whales, according to crypto industry representatives, are actively taking long positions in bitcoin. Cryptoquant CEO Ki Young Ju noted that the $69,000 level has become particularly attractive for large investors.   – By the end of 2024, the first cryptocurrency will be worth between $125,000 and $135,000, according to BitGo CEO Mike Belshe. He believes that one of the catalysts for bitcoin's growth will be the high level of US national debt. "Our macroeconomic climate continues to confirm the necessity of bitcoin. Without a doubt, the US national debt is out of control. […] This situation supports the idea that bitcoin is the gold of the new generation," Belshe said.  He also noted that the US dollar is losing its position as the world's reserve currency due to US foreign policy. The BitGo CEO believes that the country uses the dollar as a weapon and a tool for manipulation. "Thus, the US national debt crisis is one thing, foreign policy and sanctions control is another. And BRICS is providing alternative payment systems. […] This is the story of why bitcoin exists," he concluded.   – The new Binance CEO Richard Teng, who succeeded Changpeng Zhao, believes that bitcoin will soon exceed $80,000. Teng associates the potential new high with the launch of spot BTC-ETFs traded on stock exchanges. This has strengthened trust in the asset, and retail traders and institutions no longer perceive it as risky. The Binance CEO also suggests that cryptocurrency legalization is possible if Donald Trump is elected president of the United States. Declaring himself a "crypto president," Trump stated in May that the US should lead the global crypto industry.   – The self-proclaimed first resident of Bitcoin City, American Corbin Keegan, left El Salvador without seeing his dream city begin to take shape. In November 2021, El Salvador's President Nayib Bukele announced plans to establish a crypto settlement. Upon hearing this news, Keegan left Chicago and headed to the South American country to become Bitcoin City's first resident. However, his patience eventually ran out, and he returned home.  The project's implementation was likely frozen due to a lack of funding. Bukele wanted to raise the necessary funds through the sale of "Volcano Bonds." These securities were planned for release in Q1 this year, but for various reasons, they did not see the light of day. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Cardano Node 9.0 будет запущен в июне и подготовит платформу к форку Chang   Cardano Node 9.0 будет запущен в июне. Это обновление подготовит платформу блокчейна к долгожданному форку Chang. Основатель Cardano Чарльз Хоскинсон сообщил об этом событии на X. Хоскинсон отметил, что хардфорк может произойти после того, как 70% операторов стейкингового пула (SPO) установят новый узел. Это приведет Cardano в эпоху Вольтера, ознаменовав состояние полной децентрализации — огромную веху для сети и всей индустрии блокчейнов. Хоскинсон назвал это самым значимым событием в истории Cardano.   Хоскинсон описал путь развития за последнее десятилетие, заявив, что создание Cardano было похоже на строительство нации. Он выразил гордость за сообщество и оптимизм на будущее. Хоскинсон считает, что Cardano дает надежду отрасли и всему миру, и призвал всех оказать значительное влияние в следующем десятилетии. Три дня назад основатель прокомментировал несоответствие между восприятием СМИ и реальным прогрессом Cardano. Он раскритиковал криптовалютные СМИ за непризнание достижений Cardano.
    • Наша техническая поддержка всегда доступна. Наши специалисты всегда готовы ответить на ваши вопросы и помочь советом по любым вопросам. Мы ценим каждого клиента и стремимся сделать процесс обмена валюты максимально удобным и прозрачным.
    • Представляем вашему вниманию сервис для обмена криптовалют Murex.exchange.   ❗ Наши главные преимущества – выгодные курсы и высокая скорость проведения операций.    Мы поможем вам анонимно и безопасно купить, продать или обменять вашу валюту по наиболее популярным направлениям.   На нашем сайте вы сможете выгодно приобрести: Bitcoin BTC Ethereum ETH Tether TRC20 USDT Tether BEP20 USDT Tether ERC20 USDT Litecoin LTC Сбербанк RUB Visa/Mastercard RUB Карты МИР RUB   📈 Мы постоянно добавляем новые направления. Актуальные направления и курс всегда на сайте.   👨‍💻 Приглашаем вас посетить наш сайт и убедиться в высоком качестве и надежности нашего сервиса.   Официальный сайт: https://murex.exchange/ Поддержка в Telegram:  @Murex24 Официальная почта: support@murex.exchange
    • 🔄 Мгновенные обмены криптовалюты на Bitrezerv.com! Принимаем к оплате не только банковские карты, но и платежную систему Юмани - без лишних проверок!   🚀 Обменивайте прямо сейчас!   #YooMoney #CryptoExchange
    • SAPFIREX: Ваш надежный партнер в мире цифровых финансов.   Наши ключевые особенности: - Скорость: Обработка транзакций занимает несколько минут - Поддержка: Наша команда поддержки доступна, чтобы помочь вам в любых вопросах. - Разнообразие: Мы предлагаем широкий выбор криптовалют для обмена - Удобство: Интуитивно понятный интерфейс позволяет легко обменять ваши средства в несколько кликов.   На текущий момент на обменнике SAPFIREX можно пополнить счет и вывести средства при помощи:   криптовалютных пар (Биткоин<->Тезер) банковских карт (Сбербанк, Альфа-Банк,Т-Банк и прочих карт Visa/Mastercard).   Одним из наших преимуществ, по сравнению с другими обменными пунктами является низкая минимальная сумма обмена.   🔒 Безопасность всех сделок     Мы контролируем все процессы и предоставляем поддержку по всем вопросам.   Время работы сервиса: с понедельника по субботу, с 10:00 до 20:00 по МСК Суббота,воскресенье-свободный график   Наш сервис продолжает совершенствоваться и добавлять новые направления обменов. Присоединяйтесь к SAPFIREX и переходите на новый уровень торговли криптовалютами!   Переход в онлайн сервис SAPFIREX
    • Клеймим дроп Aethir      https://claims.aethir.com/ Aethir залистился на биржах, пора фиксировать прибыль:• ByBit;• Gate;• OKX;• MEXC;• Bitfinex;
    • Курс BTC торгуется ниже 68к$  В данный момент BTC старается вернуть свои позиции. Сегодня ожидаются важные новости, которые могут повлиять на цену, как в лучшую, так и в худшую сторону. Поделитесь вашим мнением, какие ожидания у вас?😊
    • Visa и Mastercard возобновили сотрудничество с Binance Компании Visa и Mastercard возобновили сотрудничество с криптобиржей Binance. Клиенты уже могут воспользоваться картами этих поставщиков услуг для покупки цифровых активов. Услуги и продукты Binance теперь вновь доступны в рамках системы единой зоны платежей в евро (SEPA). Ранее, платформа потеряла шлюз в евро после того, как банковский партнер платформы Paysafe Payment Solutions вышел из соглашения с ней. Представитель биржи отметил, что пользователи могут пополнить счет и купить криптоактивы посредством карт Visa и Mastercard. Услуга вывода появится в ближайшее время. Также он отметил, что Visa возобновила поддержку банковских карт, выпущенных совместно с платформой. «После тщательного анализа строгих мер контроля и внедренных нами процессов Mastercard приняла решение разрешить покупки, связанные с Binance, в своей сети» - добавил представитель биржи.
×
×
  • Create New...