Post
Topic
Board Trading Discussion
Re: 5 steps for traders
by
KalaiBTC
on 19/04/2018, 09:51:34 UTC
4- Take the right vision about the whole situation:
You must have a global view of the market, and  the situation must  be studied well.

5- You must give more  than you expect to receive :
When you give a great effort and do not even think about the result , then you will achieve what you want or more than it is.

Hope these tips will help everyone.

What do you think guys?
I think that the first three paragraphs are mostly concerned to a psychology describing the current mood of the trader. The main point you mentioned is the fourth paragraph. It's true about global view of the crypto exchange market. To predict the prices of crypto currencies, the trader should read news very often and learn about the current situation in the world economics and even politics. This information really helps to come to a correct financial conclusions.
Or else, a trader can follow some good crypto expert whose predictions have not proved to be wrong so far. moreover, it is day trading that demands such high work because a long term trader just needs to look at the price of bitcoin on daily basis at most. Some people think that crypto trading is a difficult job but honestly, it is not that tough and just a bit challenging.