Topic: how to trade efficiently? (Read 2797 times)

The best strategy is that take a trade when everyone is selling and sell when everyone is buying.
If we can follow this rule we will become a successful trader. A good trader find the opportunities every time. And when they think it is the right time to take a trade then they take entry into market.

for a beginner yes but for a pro trader trading 2 to 3 coins is a piece of cake and no challenge for them thats why most pro traders sets up more than 2 to 3 pc monitors because they are trading many kinds of coins at the same time and they can handle that alone , with the help of their friends or with the help of trading bots .

and lastly profit size are dependent for traders . a big profit for 1 trader may still be small for the other trader

In my opinion, efficient trading is not to trade too much on a lot of coins, because it will only make us waste a lot of time analyzing a lot of coins.
If we only trade 2-3 coins, it makes it easier for us to monitor the movement of these coins, so trading is also more efficient. And also don't take
too big a profit, even though the percentage of profit we take is small. If accumulated it will be big in the end, and what makes it efficient we don't
need to hold coins for too long.

I will be using half of the money to buy ETH & BTC in any crypto exchange
I will learn on how to do better trading / buy n sel
Invest in & out of crypto using any crypto exchange like kucoin and binance 

There are tips on how you can trade efficiently. You don't just enter or put your resources without considering criteria.
Since in trading, we're not looking at gambling human lives, losing your coins because of trading without a legitimate rule is definitely not a great second.
First, have a motive for entering each trade whether your motivation is to day trade or to scalp, you need to have a reason for starting to trade cryptos. Trading digital currencies are a zero-sum situation; you need to understand that for each success, there is a relating misfortune.

Each trade we get into expects us to realize when to get out, if we're making a bitcoin profit or not. Building up a clear stop loss level can help you cut your misfortunes; an expertise that is uncommon in many dealers.

Be careful with that second when the green candles appear to be shouting at you and advising you to bounce in. It is now that the whales will be grinning and watching you purchase the coins they purchased before at low costs.

Consider putting less of your portfolio in a market that is less liquid.

Furthermore, in conclusion, know the best coin to trade. I really have some here you can moreover deal to; like BTC, XRP, LTC, BCH, ETH

In case you're new to crypto It's smarter to instruct yourself first. There bunches of alternative you can transform your portfolio into double, triple even more. In order to make profit through trade you have to work hard. No offense but if you aren't capable of doing research crypto probably won't turn out for you.

In my opinion, there is a more efficient way than just waiting on the computer and monitoring charts for hours, but still making high profits. Use efficient time in trading.

1. Select the time frame and number of pairs

Use only the D1 time frame. Why so? because if you trade with a time frame like M5, you will often see charts to monitor price movements.
Use the H1 time frame as the smallest time frame, which you will only use for certain situations. Do a quick analysis by using the D1 time frame, you will know price movements in a relatively fast time and be more confident about the opportunities that arise. With the D1 time frame too, the opportunity to be in front of the monitor will be less frequent.

2. Take advantage of smartphones

Since the development of mobile-based technology, trading has become easier to run anytime and anywhere as long as there is an internet network. The trading application can be easily downloaded from your smartphone. Use automatic notifications. In general, applications that serve as reminders can be used to act as assistants who serve as reminders of a predetermined condition. This will clearly contribute to the efficiency of the time applied in your system. Allocation of time, the market is open 24 hours a day and 5 days a week. It is advisable that you set aside specific times of the day for this business (if you consider this a business). Because after all there must be seriousness in trading.

Every time there is an opportunity at the opening of the market, take that little opportunity and immediately return to your other activities. Happy trading and enjoy the results.

As a rational decision maker trader must have a full time to screen coins cost within the advertise whether it dumps or pumps, time devoured is there squandering power for looking a little cash. And after that analized and have a inquired about of coins you contributed for. Why not you attempt in long term speculation you fair choose up a solid and trusted coins from crypto showcase and after that keep and save. I unequivocally prescribe go with popular coins like Bitcoin and Ether.

Trading is one of the things you can do to earn unlimited money. But this will require proper knowledge about trading. There are many experienced traders who are earning a lot of money through trading. Traders who do not trade properly, thinking of making a quick profit in a short period of time, end their trading career by losing all their funds. Which is really very sad that a lot of traders come to the market to trade without trading knowledge.

Here are some of the key that will help you to trade efficiently:
Inflation: As a trader who want to remain or maintain his position of profit making, must always observe the new price in the market before enbarking on trading in particular market. It is good to sell when the price of bitcoin is pumping in the market.
Deflation: Many fail to remain efficiently with their trading because they fail to view the price level of the market before trading their coins in the exchange market. It is good to understand not to  sell your coins when the price of the bitcoin is keep pumping in the market.

The most important thing to start with and what to be guided by in your trading is to learn not to lose money. Buffett and many other traders and investors teach this. An absolute fool can make big money in a short period. But he will earn easily and just as easily lose. I started with this myself. I made good money and quickly lost everything. These results are discouraging. You lose your motivation to trade. What's the point in making high earnings if tomorrow you can lose everything? Is that all?)

We are attempting to bring in cash to have the option to do what we wanna do. And all the things we wanna do are going to fulfill us. On the off chance that you get overpowered with every day exchanging achievement. you need to acquire a cool, levelheaded, serene mentality into exchanging. I think this is the most neglected perspective about exchanging since, in such a case that you are cool you will not settle on awful choices.

Sometimes I think the only way is never start to trade

1. Read about the phases of the market and learn how to identify them correctly, this will greatly simplify your trading.
2. Learn to control your emotions. In trade, they are your main enemy.
3. Make a plan of deal before you open it. Follow the plan. This will help you in dealing with emotions and teach organization.
4. Constantly learn new information, it will make you more educated. Practice (on small amounts of money). Knowledge and practice will help develop your own trading strategies.

You know that trading is not so easy. If we want to become an successful trader then we must need to apply some strategy. But before this we need to learn basic things like how to manage losses, how to control our emotions, how to control our patience etc.     

With the current market situation sticking to old strategy will not be that beneficial at all. I can say that I am trading efficiently on Darb Finance as they have these unique trading incentive. Every time I trade a coin whether I lose or win on that trade they are awarding you their personal coin DARB depend on amount you trade distributing 65% on the trade maker and 35% on the trade taker. It becomes more efficient because darb is generating lesser fees to trade so daily trading will benefit you a lot on this trading platform.

For any types of trading. Whether for altcoin trading, day trading or margin trading. I always used indicators and I followed some community groups which sometimes beneficial for me. I do not just enter the market or buy coins. I do some fundamental and technical analysis before doing such actions. That is all my strategies and it works for me.

My stradegy is very simple. I wait patiently until price goes to an extreme. Use money for trading, which i am ready to loss. Buy when price rises or sell when price falls. Wait patiently for price to fall further than I could ever imagine. When it falls further than I would ever have thought possible I buy a small position and hold it until it rises into a big profit.  Yes, it is not daily trading, but it is trading. Also want to notice, that before buying smth, I am doing my own research about the situation around this currency.

Price of crypto is really unpredictable with very high volatility,  and this make trading activity will be very risky.  And one of the way to minimize the risk is always use stop loss. Beside that we should be know the trend bullish or bearish so we will know when should be jump in to trade and when should be take rest.

there are many rules and points if we search in internet we will get but important is we shouls follow it
practice and gain experince and improve to get efficent in trading