How trade cryptocurrency like professional ?
How trade cryptocurrency like professional :
it is so important to know this 6 simple rules.
#1 Distractions and focus
Amateur: Watches YouTube videos, is online at Facebook, chats in Skype or watches TV while trading. The amateur loses focus easily and does multiple things when there is no setup in sight or markets are currently slow. He, therefore, misses trades easily, makes mistakes when calculating his position and when executing trades.
Pro: When the professional trader is trading, he is 100% focused and does nothing else besides watching his charts. He might have a website open to monitor news releases or watch the news ticker on a TV channel (on mute!), but that’s it. The pro knows how important it is to be 100% focused and when there is nothing to do and no trading setup in sight, he turns off his platform, works on his trading skills or just takes the day off.
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STOPTrue that, I feel being focused is one of the most crucial parts of being a trader. It allows you to make quick and decisive decisions and capitalize on every possible opportunity while also giving you a better 'feel' of how the market acts. Trading is like anything, it requires time and dedication in order to learn and being focused or distracted will heavily influence how fast you will learn it.