Post
Topic
Board Trading Discussion
Re: What do you need to become a successful trader?
by
Kevondo
on 12/01/2020, 15:53:50 UTC
What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.
For you to become a successful trader, you don't need to know anything but rather learn what are only essentials and the rest is just patience, determination, any discipline. Going back to your question, learning technial analysis is considered as essetial in trading
It's a must for you to understans the chart patterns. For harmonic patterns, it's your choice if you'll study it but I can guarantee that it's not a must to become successful trader. The best markets to trade for the beginner are BTC and Tether.
Becoming a successful trader is only possible when you are having experience of this field. Trading is to be done with patience. Trading is dependent upon the knowledge. Once you have the right data to make transactions and exchanges correctly, you can make ample amount of money. So keep on making effort and wait for the time to come when you will have actual idea about how it works.
This is why I call trading a proper profession. One needs to learn skills along with having sound knowledge of the coins in the market. Not only coins but the other things such as exchanges, transaction fees etc. must also be in the knowledge of a trader. Sometimes traders end up using wrong exchanges which are there only for scamming people. Moreover the most important thing is information of trending coins. Without an effective coin, you cannot make money.