How to trade successfully?

So that trading succeeds – tips for success

Digitization has also dragged down the barricades to the stock exchange. With trading, it is possible for everyone to take part in the speculative business at home in front of their computer. You can even do this on the go with your smartphone. As a result, many traders are passionate about it. Sometimes the leap into the unknown is successful, in most cases a lot of learning money is learned before success finally sets in.

As you make your bed, so you lie. With the right preparation, the jump into the stock exchange shark tank works better. We provide tips for trading success. In addition, more and more service providers offer professional training like this trading training which we would like to recommend at this point.

Safely through the starting phase

In trading, there is the famous 90's rule, according to which 90% of all beginners have lost 90% of their wealth after 90 days. It is true that at the beginning of the long journey there are still many things that are difficult, which of course must have a negative impact on success on the stock exchange. Nevertheless, there are some methods to limit the expected failure. First of all, it is very important to use a demo account in order to combine theory with practice.

In this way, real money can only be traded when one feels ready for the "serious side of life". The preparation should be as thorough as possible and the start-up capital should be kept to a minimum. It is better to speculate with little capital at the beginning and gradually increase the stakes with increasing security and strength.

Study the news!

Business news has a strong influence on stock market events. Professional traders should make it a habit to pay close attention to economic activity and regularly study the economic calendar and financial news. Not only does this give them better insight into the business of the players involved, but the business news also has a direct impact on the way companies do business and traders' decisions. 

The reaction of stockbrokers to spectacular successes or failures of their company follows certain laws that can only be recognized if you stay up to date in the world of finance.

The choice of broker

The broker has a noticeable impact on success on the stock exchange. This affects the quality of advice and customer service as well as availability helpful tools, for example to better identify trends. Last but not least, the costs that every broker charges are also depressing the business. They are the green zero in trading and mark the house edge. 

Of course, the cheapest trader is not always the best solution. As everywhere in the free market economy, it comes down to the right price-performance ratio. 

Speaking of tools: The most used platform for traders is Metatrader for the perfect overview when trading.

Trading by personality

Almost all experts suggest traders their own strategy. This should be adapted to the personality and make it easier to identify with your actions when trading. It is also easier to get into the flow with a trading strategy that is tailored to your character. For example, if you tend to be impatient and favor quick decisions, you should rather go to the daytrading or even resort to scalping. Those who prefer to let things mature are better off with long duration trading.

Protection against ruin: risk management

Risk management ensures that trading never becomes life-threatening. In order for this to succeed, the expenses per day should be adapted to your own financial possibilities. The betting limit is now based on your own budget and jeopardizes its own liquidity not even in the case of a maximally unfavorable course. 

Another orientation is the one percent rule that no trade invests more than one percent of its capital. Emotions are left out and if you end the day with a loss, you accept that and don't keep playing until you end up losing everything out of frustration. 

Do you want to trade cryptocurrencies with the best conditions?
eToro logo

Start on eToro, the test winner from

74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Read our Etoro review.

Callie Machalat

Callie Machalat from understands the information needs of the crypto community members, traders, researchers and developers looking for reliable information to understand and participate in the crypto revolution.

More articles on the topic:

Day trading with cryptocurrency ✅ Here's how

Day trading is considered one of the most lucrative ways to make money in the crypto market - we explain how it works in a clear way.

Learn more...
How to trade successfully?

Access to trading is easy, but practice is hard. Here you will find tips on how to avoid typical mistakes and how to identify the right strategy.

Learn more...
🔥Bitcoin & Ethereum mining calculator 2021: this is how it works!

Bitcoin & Ethereum Mining Calculator 2021 🥇 Our experience: How to use the calculator 🥇 We explain how it works! 🥇

Learn more...
🔥 Invest in crypto funds 2021: buy a fund or not?

Invest in crypto funds 2021 🥇 Buy crypto funds or not? 🥇 Is it really worth it 🥇 The best at a glance 🥇

Learn more...
🔥 Invest in Ripple 2021: buy Ripple or not?

Invest in Ripple 2021 🥇 Buy Ripple or not? 🥇 Is it really worth it 🥇 What are the chances 🥇

Learn more...
🔥 Invest in Ethereum 2021: buy Ethereum or not?

Invest in Ethereum 2021 🥇 Buy Ethereum or not? 🥇 Is it really worth it 🥇 What are the chances 🥇

Learn more...
🔥 Cryptocurrency Investing 2021 | In which crypto invest?

Cryptocurrency Investing 2021: Which Cryptocurrency Should You Invest In? 🥇 Are cryptocurrencies still worthwhile? 🥇 Tips and crypto future forecasts 🥇

Learn more...
🔥 Investing in Bitcoin 2021: buy Bitcoin or not?

Invest in Bitcoin 2021 🥇 Buy Bitcoin or not? 🥇 Is it really worth it 🥇 What are the chances 🥇

Learn more...
The Best Scalping Strategies: How To Use Scalping Successfully In Trading!

BC1 tells you what scalping is and how you can use scalping strategies to improve your trading! ✓ Step by step instructions ✓ Click here for more information!

Learn more...
Binance Trading: How to Trade on the Best Exchange!

What you should know about the Binance exchange! BC1 explains how to get the most out of Binance and what tips and tricks there are. ✓ Trading instructions ✓ Our experiences ✓ Click here for more information!

Learn more...
🔥 Chart analysis for cryptocurrencies: how to read forecasts!

Chart analysis for cryptocurrencies 🥇 How to optimize your trading 🥇 Read crypto charts correctly 🥇 Beginners guide🥇

Learn more...
Day Trading: How To Avoid 4 Of The Most Common Mistakes! [Beginner Guide]

What you need to know about day trading! BC1 explains what the most common mistakes are and gives tips from personal experience. ✓ Our experiences ✓ Day trading for beginners ✓ Click here for more information!

Learn more...
Trading for Beginners: How to Trade Bitcoin & Altcoin Step by Step!

As a trading beginner, you should definitely know this about crypto trading! BC1 explains whether it is worth it and what is important when trading. ✓ Trading for beginners ✓ Step-by-step instructions ✓ Click here for more information!

Learn more...