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Topic: CAN YOU GIVE ME A FEW TIPS/ TECHNIQUES ON HOW TO TRADE? ?????? (Read 131 times)

brand new
Activity: 0
Merit: 0
I'd say the most important thing to learn about trading is to learn what you're trading, and if it's a hype coin or a pump coin.

I'm a day trader and I've made thousands in a few hours trading back and forth.

It has very little to do with graph reading and more to do with MARKET reading.

A huge warning I could give to you is to NOT base your trading off of graphs alone, it's more of a "feeling" from countless hours of research.

This is a job, in order for you to be a rich and successful trader you absolutely have to put 8+ hours every day just like a job just getting a feel for the market to begin with and most importantly the coin you're actually trading.

You will absolutely lose money day trading unless you're very well educated on how to trade. DO NOT just start day trading after a few graph reading videos on Youtube, also DO NOT listen to Youtubers on what to trade or how to read graphs, learn it yourself and make your own judgement.

Trading is like picking up girls, you can read countless books about how to do it but without the actual experience and "feel" for it you won't succeed and will fall short.

Tl;dr

Practice makes perfect, don't practice with real money, don't trade until you're 100% sure of your abilties.
jr. member
Activity: 101
Merit: 3
please share your knowledge to me    Huh
thank you so much
I think its impossible to share any knowledge about trading.Trading is a art of crypto so its depend on your mind  which strategy use for it.Like as some people buy low price and they sold until they get 2x + profit.SO Need to a target how many coin you want to buy and price and than sell rate.First you need to know more details ICO and project  and crypto news.
hero member
Activity: 2912
Merit: 642
If you will look at graphs of bitcoin and other crypto currencies now then you will see how hard it was hit by a storm.
Many of us thinks this is the best time to buy.
This is just a tip. You will need more knowledge about it before stepping in.
But as of now, it is like every crypto have been cheap and are affordable. There is really a big chance they will increase in weeks to come.
member
Activity: 1204
Merit: 38
please share your knowledge to me    Huh
thank you so much
The basic rule or technique or whatever you call it as on trading is buy low and sell high.But trading is not an easy job it needs lots of skills and experience if you try trading without any of them then you will lose your investment in no time.
First you to pick the coins on how much your investment then choose the best exchange,I think Poloniex is best then try to do trade for small profits initially.
hero member
Activity: 1106
Merit: 501
First thing's first, you need to know or master analyzing charts after that check each coin you are rooting then see how the development goes and check the potential pump. Data gathering is one thing to success in trading but the most important is tha you experiece the market yourself in able to determine and understand how the current market works.
full member
Activity: 224
Merit: 100
Buy the dip, that will help your trading immensely. That and the power of hodl they are underrated techniques in my opinion, combine the two and you should do well.
member
Activity: 294
Merit: 11
If you are a beginner then you need to start with the study of the theory, the basics . To learn to analyze charts, to learn how to use trading indicators. Only then move on to practice. Of course will need capital to buy and sell cryptocurrency.
newbie
Activity: 61
Merit: 0
please share your knowledge to me    Huh
thank you so much

Well, first you need to define what do you want to earn with trading? More Fiat : USD, EUR .... or more BTC, ETH or other crypto?

Anyway, you need to buy when it is cheap, and sell when it is expensive. In order to define that limits, you need to learn to read charts and you need basic knowledge of human psychology, nothing advance, just basic.

Buy know, it is cheap.
member
Activity: 392
Merit: 11
Your question is very hard to answer. Can you give us some details, what is your current problem? If you still don't understand anything about trading, you can learn some basic tips on this site: https://www.investopedia.com/
newbie
Activity: 2
Merit: 0
please share your knowledge to me    Huh
thank you so much
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