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The best rules for succeeding in trading

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On 8/7/2020 at 7:19 PM, Brushless4500KV said:

There are many rules about success in all kinds of trades but I only emphasize on one of them and that is perseverance. If you leave trading after one or two failures, you will never become a successful trader in the future. When you lose money in trading, you should find the mistake and learn from it. The second important rule is to find the best trading method that best suits your skills. A single trading method that is suitable for one trader may not be suitable for the other. So, choose a trading style that is in harmony with you and your level of knowledge.

I am confused with you that surrender is a very bad thing and is the path to failure for everyone, so we must always learn from our mistakes and try to develop ourselves and return to work with strength and determination, in this way we will be able to achieve profits and lasting success

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On 1/21/2020 at 3:15 AM, Nezar said:

●Third: Liquidating your deals means reaping your profits from deals on big moves

Can anyone explain to me what that means? I kinda understand the words, but it does not make make sense to me in whole 😃

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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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Thanks for the advices, this a great guidance as I am planning to start my first trade, in my opinion patience and self discipline are the key to a successful trading, make sure you do your best you will get the best.

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"We grow by lifting others"

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All the 8 points are true and every trader want to success should apply all of them but for sure this is not an easy job and it requires patience and long time and also both of these two are important to every trader 

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Yea, as I would see it, every individual who observes these standards won't be in a tough situation with a misfortune. It will give benefit and delight in his life. Exchanging looks simple however it's most certainly not. It is hard to require consideration and your truthfulness. Making weak work makes you more grounded.

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Thank you for this informative post, I really loved your effort. Besides, being a trader I would like to add up little more things. Trading is all about skills, you must've good analysis and making appropriate or strategic decisions at right time. Patience is the key point for Trading, and keep in mind that you must have prior knowledge and good market analysis before you start trading.

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This will be useful for the individuals here particularly to those new individuals here in light of the fact that they will get a few thoughts and data how to exchange appropriately, participating in exchanging are having some danger in light of the fact that there has cash included, expect that you can lose cash and furthermore getting some cash.

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Thank you very much for these advices, you are right about every boint. 

This market needs a lot of careful and patience and you will be lucky if you have good guide

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Thank you for this information, it is very useful for everyone. I would like to add that you should communicate with other traders so you can hear different opinions and visions, so you can make analysis and do conclusions,and also your scope should be learning not earning money in my opinion.

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To have a success in trading  you have to work hard on your patient and analysis of crypto trading....

Only if you have enough patient and hard working analysis then you'll success for sure. 

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In trade there is no guarantee for success, but there are important things that must be considered. Don't be emotional when you trade and analyze the coins you want to buy.

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21 minutes ago, Myagkiy2015 said:

In trade there is no guarantee for success, but there are important things that must be considered. Don't be emotional when you trade and analyze the coins you want to buy.

That is because people don't know which coin will increase, so when they see one coin can go up, even the price is rising fast, they buy the coin instantly because they don't want to be late to join to that pump.
But unfortunately, the price can not increase more after touch the high price because the price will be back to the lower price and stay at that price for a while, and it is up and down again like before.
That makes many people who buy at a peak will getting trap, and they can not sell the coin for some time if the price is not back to the price they purchased.

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I agree with the points you made in the post. Cause I experienced them and I can surely say that these all tips are really useful. 

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I would also like to add. That it is better to analyze the coin a couple of times than once and erroneously (more than once it happened that I missed a trifle and the coin behaved differently). You should not listen to unknown analysts who, for the sake of money or empty words, can impose on you the idea of this coin, and then it turns out that this person has been trading for about 2 months, there are a lot of such

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On 1/20/2020 at 6:15 PM, Nezar said:

How are you? I will share with you the most important rules for me to succeed in the exchange process

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

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

 

●Second: You must be disciplined in your trading, disciplined in stopping the loss, disciplined in the business plan, disciplined in setting your goals for your deal.

 

●Third: Liquidating your deals means reaping your profits from deals on big moves

 

●Fourth: Knowing the correct news from the false because most of the news is promoted through large whales to affect the currency market.

 

●Fifth: Reducing risks through diversification during the exchange process, meaning that you do not focus on one currency. Work on more than one currency

 

●Sixth: You must follow a plan and stay away from following your feelings

 

Seventh: You must develop a plan for entry and exit

 

Eighth: Turn the capital and includes the distribution between currencies as mentioned previously

 

The discipline is my most important rule because it is the key to successful trading

I hope this topic has benefited everyone, especially beginners

 

 

 

Very good advices, really helpful for beginners.

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On 28.09.2020 at 19:47, pacific said:

Thank you for this informative post, I really loved your effort. Besides, being a trader I would like to add up little more things. Trading is all about skills, you must've good analysis and making appropriate or strategic decisions at right time. Patience is the key point for Trading, and keep in mind that you must have prior knowledge and good market analysis before you start trading.

@pacific Complete agreement. My first experience in trading was deplorable, because I was completely without knowledge! I didn't know how to trade, what to focus on, and in General, that there are any strategies! Without knowledge and skills, trading does not differ from the casino in any way. I ended up losing all my money. But in return, I learned a good lesson!

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Frankly, successful rules and experiments .. That is why we hope that you will reach the largest number of beginners .. For example I lost a lot in trading due to fraudulent ads .. But after bad experiences I got lessons and rules that I rely on now and compensated for all my losses .. That is why we thank you for this wonderful topic

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I think that you have to take into account the fundamentals of the market, that would give you some guidelines to know what the markets can do, also take into account and not get carried away by emotions because trading is patience and a lot of discipline, the bad thing is that the markets are manipulated, that is why speculation is also important.

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Thank you for the valuable information on trading that helped me very much in the matter of trading, and I would like to advise every beginner who wants to start in trading. Very excellent and correct speech.

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On 1/20/2020 at 7:15 PM, Nezar said:

 

 

●Second: You must be disciplined in your trading, disciplined in stopping the loss, disciplined in the business plan, disciplined in setting your goals for your deal.

Thanks for all the great advice you have given as they are straight forward and helpful more especially this one I have quoted it should be maintained very well because most of the traders fail and lose their funds because they where unable to cut loss because of luck of discipline.

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First of all, you need to know the area you will sell well. You have to understand who will sell what and who needs what. The right invstment that comes after him is converted into high profits. Trading is now easier and more profitable on the internet.

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As the main method of reducing losses, traders use money management, which is a set of restrictions on the value of contracts. It uses a simple principle of choosing the optimal ratio between the amount of capital and the amount of the contract.


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