How we Become a Good Crypto trader...

[Treat1234 0]

If you want to becime a good trader, rhen you need to know cryptocurrency well and the Trading strategies involved in trading, this will prepare you well in cryptocurrency

[Treat1234 0]

1 hour ago, bqolarer said:

You should know about different coins on the charts too so you can partly predict what might happen when they reach a certain price that you can trade accordingly  based on that.

Knowing the nature of the coin is the first stage of you learning about the trading, this has been the only way to know if the project will be trusted or not

[Soaib khan 1035]

On 3/2/2020 at 8:46 PM, Janet james said:

I think the best way to be successful in trading is by doing it and also learning how to do strategical tactics in performing trade that are beneficial.

the best way to be a good trader is that learning because once Warren buffet said the more you learn the more you earn this also works on trading it's doesn't matter which kind of trading is it may be forex stocks crypto etc.

Edited May 6, 2020 by Soaib khan

[Shaza Ahmad 1682]

Good advice, I think a good trader is an expert trader, who has traded for several years in the market and has experience that qualifies him to know where the market is heading.

[CryptoLover21 0]

Absolutely your opinion is acceptable most people start trading without any trading knowledge and lose all money so I suggest everybody take advice from professional trader. Do not invest or trade blindly.

[IamLeader12 682]

I would also add a sixth point : never buy coins that you do not know anything about as they can fall in price at any time. 

[Treat1234 0]

On 5/8/2020 at 10:30 AM, Kerseem said:

Trading need knowledge and experience and everyone can acquire that by learning about trading and later look for tips and advice's from expert who have been in the system for some period of time and start practicing. 

We always have to make practice about trading see that our experience will increase more and at the same time we need to dedicate time for researching the best coins which we can trade with it

[Virgil dijk 1431]

That's true , I agree with you on this one , to be a successful trader then we must follow these steps , there steps are the vital step a good trader must take to be successful in  crypto, thanks dear friend for Sharing such a useful information.

[BTC Future 3946]

On 4/30/2020 at 11:07 AM, jekichchan said:

Emotions must be completely rejected, a successful trader should trade with all seriousness and never go on emotions and take rash actions. Experience is best suited for this, the more you trade, the better you will understand all this.

You are correct. The moment a person that trades finds himself making hasty moves and being in fear perhaps he should step back and exit his trade. If this is what happens all the time perhaps this trader should stop trading at all. 

[Omar Ommeish 4872]

The best way to learn is to trade, invest and learn from mistakes, even if you lose a little money on your learning journey.

[Moaz 7239]

Anyone who wants to become a successful crypto trader and earn cryptocurrencies on a daily basis, must adhere to these tips and have a good knowledge of crypto and trading strategies

[Zalaks007 543]

For someone to become a good cryptocurrency trader, he has to be very patient and also he has to be less greedy because when one is greedy he always lose his investment because of his greed.

[BTC Future 3946]

On 6/8/2020 at 2:58 PM, Zalaks007 said:

For someone to become a good cryptocurrency trader, he has to be very patient and also he has to be less greedy because when one is greedy he always lose his investment because of his greed.

Ok these are very general directions and mean nothing. What means be very patient or less greedy? Does not look like a solid advice to me. Patient might mean to stick to your plan and not be making random changes all the time. And why shouldn't you be greedy when you trade? If the plan is to be greedy then you should be. 

I get it that you should take profits and that you should not take them too early and just get a few. Sometimes we have to hold the trade for a while. Anyway I don't trade much I prefer to just buy something low and wait for a moonshot. Otherwise we are fighting for peanuts here.

[Tunuu 2235]

Thanks you for sharing useful tips. When i started to trade crypto, i lost almost like 3 dash coins because i didn't know the best strategies to follow but this will help me a lot.

[gourav789 2834]

I always believe that we must have some knowledge about how buying and selling orders work , when demand is high or low in Crypto market , which coin have good potential to reach a good price .

for newbies I always recommend to watch YouTube videos about it , how trading work .

[Sugibengi 390]

On 1/16/2020 at 1:22 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".

I agree with you, to be a good and successful trader requires patience and also thinking smart, because trading crypto is very fluctuating and requires fast and correct decisions. Besides this, a trader must also know about the market and all trading charts, know when to stop trading and when to start trading.

[Solex 2262]

You can easily become successful in trading if you follow the tips just the way it was mentioned above and in addition to what was stated above always make sure you invest on good coins that have potential in cryptocurrency market so that you will not wait longer or loss instead of earning, good luck everyone.

[Brushless4500KV 4214]

Learning trading by investing in the real world is very dangerous and should be avoided. Beginners are recommended to practice with virtual money which is available in demo accounts provided by some websites or platforms. It takes at least one month before you can learn enough skills to be able to work or invest with your own money. You should also bear in mind that confidence is as important as skill and expertise. If you don't feel confident, it is better to strengthen it before thinking about any kind of trade. When you gained both of them, you can start by long term trading.

[Strygwyr 317]

On 1/16/2020 at 2:22 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".

Experiences will bring you a lot of knowledge in trading. Your losses will become your knowledge. If you lost a trade, you should always get anything from it. Learnings. You should learn from thst mistake. It's either we win or we learn. It's win or learn guys! 

Invest in those coin that you trust!

Goodluck 🙂

[BitcryptoHan 2557]

On 7/7/2020 at 3:40 PM, Solex said:

You can easily become successful in trading if you follow the tips just the way it was mentioned above and in addition to what was stated above always make sure you invest on good coins that have potential in cryptocurrency market so that you will not wait longer or loss instead of earning, good luck everyone.

If talking about trading, someone can be successful but it is beyond what is listed above, it is about self training and discipline, they are needed to make good trades. At times it is not about reading but about what you have learnt and getting experience. 

[Samiya45 27]

I will add one more thing, learn from the mistakes of others on your own Sometimes it hurt me a lot when I wanted to do something stupid Many times we can learn maths from the mistakes of others, just as others can learn from us.

[iloveyobit 6599]

There are a lot of strategies that you must follow in order to start professionally, becoming a good trader will come over time in addition to the experience you gain.

[Mwangi 5611]

Okay I also think its enough to keep on trying but there is a position to which you need to understand how everything just stands out, there is a lot of effort to which you can be able to balance out the good things of this market, the beauty of cryto is usually its predictable and you can be able to work it out , so its important to keep on trying to get the right position on how things work and this are the best strategy that can build you up , this being the proper instrument of choice which will allow you to get the technical support that works for you perfectly

[Solex 2262]

3 hours ago, BitcryptoHan said:

If talking about trading, someone can be successful but it is beyond what is listed above, it is about self training and discipline, they are needed to make good trades. At times it is not about reading but about what you have learnt and getting experience. 

Yes you are right I know there many other tips but what I am trying to add to what the writer listed was even if you have the experience about trading and you did not choose a good coin that has potential definitely you will loss, am I right?

[Red-Jones 1150]

10 hours ago, Mwangi said:

Okay I also think its enough to keep on trying but there is a position to which you need to understand how everything just stands out, there is a lot of effort to which you can be able to balance out the good things of this market, the beauty of cryto is usually its predictable and you can be able to work it out , so its important to keep on trying to get the right position on how things work and this are the best strategy that can build you up , this being the proper instrument of choice which will allow you to get the technical support that works for you perfectly

 

the cryptocurrency market is very difficult to predict even studying a lot of technical analysis and fundamental analysis, look at the forecasts that market analysts make about bitcoin that you will see that most of the time these analysts make mistakes in the price forecasts that they make

 

7 hours ago, MarsDota2 said:

Emotions can really destroy your career on crypto currency and trading so we cannot really use to have emotions while we are trading. If emotions take us over then our career being trader us also over.

 

I agree