Post
Topic
Board Trading Discussion
Re: WHAT DOES A TRADER NEED?
by
huige007
on 28/11/2019, 16:12:53 UTC
Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

The more the better. Why wouldn't you use help provided on the net if you can. Stuff like Newscrypto that have all in one place for traders are ideal for such situations.

Yes I think this is enough for a good trader that he must have good stuff to get news about trade and Traders must have done good research before starting and he must have knowledge to fight against rise and falling markets.
in my opinion he must have time to trade for long term and I think the most important thing about trading is long term trading and making plan before trading.
When it comes to long term trading, I think the right term for that is investing because when we talk about trading, we are simply buying and holding it for short term and after we saw a progress on the market and gained profit then we will start to unload our bag and move unto the next one. A trader should have a solid technical skill so even there is no source of news, you can still trade well.
Long term trading is indeed somewhat equal to short term investing because long term investments are based on years but no form of trading takes that much time. Daily trade is done on hourly basis and short term trading is some where between few weeks or months. In case of long term trading, a trader might go up to 6 months but that is enough. Choosing the right coin matters the most to make sufficient profits.