Post
Topic
Board Trading Discussion
Re: Can I become a professional trader?
by
Mauser
on 20/01/2024, 12:22:12 UTC
If I can master the above I think I can be a successful trader Another thing I noticed is that when the market goes up or down again, no chart or technical analysis or fundamental analysis works Do I have to depend on the news or should I pay attention to the news that if there is good news in the market the market goes up a lot and bad news actually the market goes down a lot I am gaining knowledge from YouTube or different online platforms to become a professional Cryptocurrency trader

When reading through your thread I get the feeling that you have no experience yet as a trader. That's not a problem, but I want to manage your expectations a bit. Everybody had to start somewhere and learn how to invest and trade crypto currencies. The question is do you really want to go directly to becoming a full time trader? Why not first learn and get the experience while trading part time next to your job? This has a lot of advantages, you have a stable source of income to fund your crypto portfolio and let's you trade more and it takes pressure of you to achieve high returns every month. Trading can be very hard and if it's your only source of income you need to know what you are doing. As for your technical analysis part, they definitely work and will be profitable. The only problem is that they work on past trading data. So whenever there is a jump or a reversion in prices, it's going to take time for the technical analysis to show the change in trends. It's not a tool that gives you instantly the best trading recommendation.