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Quote from: Life_Saving on January 15, 2024, 12:00:01 PM

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.

For sure he's a total newbie since he would not ask this question if he already got some knowledge about trading. If he know or face already those risk in different scenario for sure he can figure out that trading for them or not. If he really want to became a professional trader he must consider this thing since staying up and be active all the time on your trades is somehow needed since we need to watch and see each result shown since this could help us get more profit also additional knowledge on this industry.

Technical analysis part is tool or methods that people need to have since from that for sure they can figure out something difficult to understand by the help of some tools that are helpful to have so if OP really want to became a professional trader he should start consider to be more active in trading scene and for sure there's a lot of knowledge to get from this doings.

This is why its called a forum since everyone could really be able to post up and make those kind of questions in regarding into a particular thing.Wont really be that much of an issue if you are really that someone whose really having that kind of knowledge on which you could really just simply basically be that asking if ever there would really be certain informations that arent clear to you.
This is they beauty when you do deal up with this place on which there would really be people who are really that willing to help you out on the time you would be asking some queries.

Being a professional trader would really be passing up tons of trials and errors before you could really be able to make yourself to be a good one.
This isnt something a skill that you could really be able to acquire in a short span of time on which it is really just that right that you should really be taking it slowly manner on where
you wont really be putting up yourself on such haste because mistakes do really usually happen on this particular condition.