Post
Topic
Board Trading Discussion
Re: How to make a successful Trade?
by
Oilacris
on 23/10/2016, 08:55:26 UTC
for successful trading you need toget some experience about trading, you need to know about the currency or any other place where you want to invest and do trading, the second is that first you should invest a little money, you should start trading with a little amount of money and when get some experience then you should go for full fledged trading. 
Trading depends on your skills mostly.You need to have good knowledge, experience about trading.Trading is mostly skill based game so any newbie hardly can succeed on trading.So I am agree with you on this point that newbie should start with small amount and it will be a wise move.
the more time you spend in trading you will getting closer to become a succesfull trader
as in this kind job you need more than just knowledge , but experience play a major role here
so just be patient and use your time to do trade as often as you can
don't give up and keep trying that is my principle.
Yes, we must spend more time to analyse and to research about predicting the direction of market movements. No one will be able to predict hundred percent accurately about market moments, but we must concentrate to predict overall moment so that we will be able to make our trading calls potentially accurate.

To be successful with the trading we must have very strong knowledge for research and analysis. With strong research and analysis, the success in trading is almost confirmed.

What you said is correct but apart from the the main key feature is PATIENCE , which is the most important thing in the Trading. Without Patience you cannot be successful, as some time you may have bought the coin in high price but if have faith that the coin is worthy then better to wait or else buy more in low to average the price and when you hit the above you average price better to start taking profit , this way you can make more profit.

Patience would  be really important  when  you do  trading because   it  is certainly need   when you are in the  middle  of  waiting game  because  as we all know  that prices  doesnt  move anytime and  it may take some days or even  weeks  to move so  dont  be  in a hurry  if you do have   faith  on a certain  coins that it would rise  up  in upcoming  exact time   then thats the  time  you would decide to sell of.