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The best rules for succeeding in trading

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The best rule for trading we use always trading plans. When wo started trading before yor learns what wo do and how get your goals. When you get success in trading prepare a strategy and never chase up the market. 

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2 hours ago, bisarkadan said:

Follow the tweets by the important people in the crypto world. Pay special attention to the crypto markets news. Positive news has a huge impact on the demand for a cryptocurrency. It also means to avoid the negative press which acts as FUD which is short for Fear, Uncertainty, and Doubt. You can follow the latest crypto market news and insights as well.

This topic has mentioned the most important rules in my opinion.. but about following the tweets on twitter i don't think that it's a good idea! so i advice you to search more about how twitter works and why these famous people share some tweets in specific times.. what they earn!? most of them are liers and we can't even believe most of news on twitter because it isn't a trusted way to share official news of cryptocurrencies projects.. 

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Yes, you are right in everything you said, especially with regard to discipline and adherence to our strategy, and not to submit to feelings while entering into deals.

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On 1/23/2020 at 2:44 AM, cryptowinner21 said:

Hi my friend for your post! That is very important for everyone here! According to me before starting trade you must know the basics like support area, resistance area and trend line! After that a trading plan and money managment are also very important in trading!

 they will get some ideas and information how to trade properly, joining in trading are having some risk because there has money involved, expect that you can lose money and also getting some money.

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Start trading only when you have a clear strategy. Normally, one should first learn trading and then start doing it. You can seek help from others who do trading. I will suggest you to trade with that amount which you can afford to lose. So it will be better for you to start trading with small amount.

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1 hour ago, ajabe2 said:

Start trading only when you have a clear strategy

Without using small amount you can not have clear strategy, you can learn trading but you need to gain experience too, you need to trade to have the experiences, which means you have to trade but using like less than $50 to begin is the best. 

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mostof it has been said i will just addon that also being eager and keen to learn something different each day alsohelps

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All points you mentioned should be cared and talking about Discipline we must have emotional Discipline while make our trades. If we miss that then fear will make loss in our trade.

On 1/20/2020 at 11:00 PM, Nezar said:

...............................

●First: You should not listen to the news of the owners of the coins themselves, and analyze and trade them 

 

 

 

But I don't think we shouldn't listen to the news from CEO of the coin we are Trading. Sometimes there are important updates related to the project and at that time we can make good profit from the news so I suggest to at least keep following the updates and analyse their impact on the future of coin.

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NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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8 minutes ago, Ridam said:

All points you mentioned should be cared and talking about Discipline we must have emotional Discipline while make our trades. If we miss that then fear will make loss in our trade.

But I don't think we shouldn't listen to the news from CEO of the coin we are Trading. Sometimes there are important updates related to the project and at that time we can make good profit from the news so I suggest to at least keep following the updates and analyse their impact on the future of coin.

You are saying good words @Ridam...Discipline is a good point to trade.  If there is no discipline between us then there will be many kinds of problems in our trading.  And when we trade with any currency, we must follow all the updated information of the coin.  This will make it more convenient for us to trade.  So we need news.

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Nice efforts for collecting such useful techniques for those who are really interested to take part in trading and want to become a good trader in the future.

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Thank you very much, these are good tips that should be followed when anyone "especially beginners" wants to enter the field of trading, because there are many risks that you may face if you do not have good knowledge of these matters.

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Really helpful tips for doing best trading, because before trading we need a good strategy or plan. Like you mentiond in your post and i like your sixth point and that is ignore your feeling. In simple words, control on your emotion because trading is not a game, we can easily win, its require time. So patience is main key for successful trading, so i also start trading some days ago nd i think your tips is really beneficial for me in this field. 

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This is a very good information about how to succeed trading in digital market. Most of our members in this forum always rush in trading and at the end of the day they will have themselves to be blame but from the following rules you stated this will be a guide to every member in this forum.

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you are all right sir, those mentioned above is a big help to be succeed in trading though there is no guarantee that it will be applicable for all of us and it cannot lose our money but these may overcome a huge amount of loss.

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These are important advice for all of us so that we can depend on ourselves in trading and making profits. From my point of view, I believe that patience is the most important advice that you can tell us because without patience, you will not be able to make any profit.

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3 hours ago, Usman1003 said:

Invest minimum at start for better profit and gaining....

And You 6th point for Making a plan and s very Motive and Useful for beginners.🌹👍

I will also suggest this, trading with $10 to $20 is good, it is the best for beginners. But most beginners like using higher amount of money to trade which can lead to losses. But with time, experience will increase and the loss will decrease. 

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Traders should not be greedy but should be disciplined, these two things are needed. The trader should be hard working, reading an learning and having more experience will later results to profitable trades. 

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Thanks for your kind of information I hope who are seeking for trading tips so this is the essential topic for all trade especially for me because I really want to have good information about trading actually in the beginning we face many problems in trading but at the passage of time everything will be fine we have to be patient and wait for success..

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15 hours ago, Emanuel 12 said:

This ate very good rules for trading. Though all of them are important the main thing is to have patience when dealing with crypto currency. Patience will help you grow your coins to higher levels and practicing this will bring you better profits in the future

Yeah, very good rules for trading, patience is the way people can have progress in life, in trading it is very important to be patient. Some people that just rushed to trading find it difficult to do, and they are finding it difficult to make good profit but losing because they are not patient. 

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if any one follow all this tips he will be good trader, about the fourth tip i lived one moment with fake news about ripple, fake news said that binance stoped ripple in his exchange and all traders started to sell own ripple and the price decreased to 15% in 6 hour.

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There are no beneficial Vimeo online video media with the course around my state well. I imagine ignored dealing is useful software, in my opinion, When I miss almost any concept. Likely it truly is rough in my opinion to recognize each of the points in addition to each of the points, although to put on what precisely I'm sure We have a dilemma.

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Follow the tweets by the important people in the crypto world. Pay special attention to the crypto markets news. Positive news has a huge impact on the demand for a cryptocurrency. It also means to avoid the negative press which acts as FUD which is short for Fear, Uncertainty, and Doubt. You can follow the latest crypto market news and insights as well.

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There are actually 3 main "things" that a trader must master in order to be successful. One is technical analysis which is that secret sauce that gives you an edge. Second they need to have proper risk management and finally third they need to master their mental game. They need to know how to manage emotions. That includes both bad and good feelings.

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Thank you for sharing with us rules of been a successful trader. This rules will surely leads individuals to success in trading. The rules you provide are unique and good. 

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