how to trade efficiently? - page 18.

speem28

sr. member

Activity: 546

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Quote from: kuronokishi10 on December 12, 2017, 08:43:38 AM

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

Well, the first thing you should do in trading is researching. Choose a good coin and make a deep research about it. Know the project well and the credibility of the people behind it because that really matters in the success of the coin of your own choosing. Doing this, will mitigate the risk that comes along with trading in altcoins. You have to be wise enough so that your money will not go to waste.

mrp1994

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Nylelyn

member

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I guess for me, basic would be you have to know the coins you will trade. As days will pass, you will get familiar with it. Monitoring is the most important thing, some indications are obvious and most are not. It depends also on how much amount is your capital to be able to buy actively.

gabmen

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Quote from: jeronimosuykens on December 20, 2017, 09:44:52 PM

Quote from: kalakabgr on December 20, 2017, 09:39:07 AM

In trading, the basic rules are buy low and sell high or buy really low => hold => sell very high. That's the basic rule in trading, the rest are just supporting the main rule.

In order to trade effectively at this point in time, I think you should learn the techniques of candlestick charting techniques that can be applied from forex to crypto. Also, keep an eye on the penny you invest to keep up with the latest news that will keep you active in the trade.

Right. Mastering technical analysis and reading charts would dictate how your trading career would go. You can of course follow some telegram tips but that's not going to go your way all the time. Buy low sell high seems easy to do when you hear it but it takes a lot more to put it to play

d1ceplayer

sr. member

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Quote from: ralle14 on December 17, 2017, 03:58:06 AM

Quote from: Dontme on December 15, 2017, 03:44:19 AM

Very good advisers. But how did we know if this coins has a great potential for us to buy more of it. Im just an still newbie at this kind of way. I think I need more advice guys.

You have to know more about the coin. Stick with the big coins like btc eth dash xmr ltc. Never invest on coins you're not familiar with.

Quote from: Jaya912 on December 17, 2017, 02:57:03 AM

Bot is not always better than us as life people when decide something.
I know bot is not greedy at all, it works based on program but leave trade 100% to bot is daangerous.

Have you tried using a bot? It's not better than us but it can help you with your trading activity. It saves up time because the bot does all the work so you don't have to watch the price for the whole day just to make a quick profit.

Trading bot is a good thing but the fact is none of the bot invented so far can think in a way like human brain can think. The best thing which can create wonders is none other than that of your brain. You need to make the best possible use of your brain in a way that can then help you in having more profit. Trading is nothing but making the right decision at the right time which you can only do when you use your brain efficiently.

jeronimosuykens

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Quote from: kalakabgr on December 20, 2017, 09:39:07 AM

In trading, the basic rules are buy low and sell high or buy really low => hold => sell very high. That's the basic rule in trading, the rest are just supporting the main rule.

In order to trade effectively at this point in time, I think you should learn the techniques of candlestick charting techniques that can be applied from forex to crypto. Also, keep an eye on the penny you invest to keep up with the latest news that will keep you active in the trade.

Sand King

full member

Activity: 462

Merit: 100

Quote from: kalakabgr on December 20, 2017, 09:39:07 AM

In trading, the basic rules are buy low and sell high or buy really low => hold => sell very high. That's the basic rule in trading, the rest are just supporting the main rule.

Well i agree with you, that is the basic rule here in bitcoin or here in trading world, if you want to trade efficiently you should know that you will always buy low and hold it and then you gonna sell it at high price, and to trade efficiently you should always or do day trading to be a great and an expert in trading.

ModGirl

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Merit: 250

Quote from: ChrisSand on December 19, 2017, 11:57:43 PM

Better to do in small amount first and let it grow. Then your earnings from that make as your principal investment. Also, be sure to take high risk. Trading is a game, you will not always win.

Rightly said that trading is a game which is not always win, but the good thing is this trading involves a lot of mathematical calculations involved in it. Now, the math is good to predict about the behavior of the currency in the future. If you math is strong, then apply it and it will increase your profits to maximum. There are many best practices which are discussed on this forum on daily basis, try to learn from them.

kalakabgr

newbie

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In trading, the basic rules are buy low and sell high or buy really low => hold => sell very high. That's the basic rule in trading, the rest are just supporting the main rule.

oegarod

sr. member

Activity: 602

Merit: 252

To trade in an efficient manner all that required is the patience to keep hold of the assets. In the mean people used to get into panic situation when the price used to fluctuate between time. So, it's good to have a clear analysis about the market and make a regular buying and selling to get a sustained earning.

PrinceCaspian

sr. member

Activity: 378

Merit: 250

If you want to trade efficiently then i can say that you should learn a lot of things first like study how to determine the great points of buying price and selling price and use that in your trading performance and observe your performance and always study because in trading, study doesn't stop because you need new knowledge every single day.

Coin_trader

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You must learn the scalping and arbitrage trading, you need more trading fund to gain more profit while doing the scalping, while arbitrage trading is risky when the transaction is not that fast during the transfer from one to another exchange.

vintages

full member

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Merit: 153

Anyone who is profiting well in cryptocurrency trading, I believe is following the major rules of trading.
I don't think there is any secret rules or methods involved in trading.
And these majors rules are;
Properly analysis your trading plan or how you intend to setup.
Choose proper coins, do not just trade on any coins just like that, watch the coins closely a see how they they flow before trading on it.
I personally believe you should start small, then as time goes on you can increase.
Don't get too greedy and learn to control your emotions.
And above all, trade with money you are willingly and ready to loss. Do not put all your savings in it.
Most rules are already stated in the comments. Happy trading

SamRobsondd

newbie

Activity: 50

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In Crypto world efficiently trading is less possible unless you are a long term holder.. say 2-3years

Its better to buy GunBot, which is extremely effective for me and does 100's of trades in a day

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gabmen

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Quote from: TorbiK on December 20, 2017, 05:51:00 AM

In trading, especially cryptocurrencies, the most important thing is calmness. If you do not rush anywhere and do not give in to spontaneous emotions, earning and trading becomes easy. Follow your rules and do not break them.

Right. It goes hand in hand with being patient and having a clear mind. Its also important not only to be calm and patient but you have to know about the market as well. Read, watch, study and be observant. News about crypto also affects the market soundly.

TorbiK

full member

Activity: 448

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Diagon

In trading, especially cryptocurrencies, the most important thing is calmness. If you do not rush anywhere and do not give in to spontaneous emotions, earning and trading becomes easy. Follow your rules and do not break them.

rocketbits

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Quote from: rysea2 on December 16, 2017, 11:21:07 AM

Quote from: kuronokishi10 on December 12, 2017, 08:43:38 AM

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

not many tricks are done to make trading, the key is to be patient and control the emotions and can know some important information about the market.

These all things should be mixed up and make a shake of them with some vanilla flavor that is wise decisions. Actually trading is not that much difficult, there are some common rules that if to be careered out nicely drying the game, everything just falls in your account. Being patient and controlling over your emotions either good or bad, this will enhance your power of trading.

acheampong64

full member

Activity: 588

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well, there are times where many will be selling their coins, which is mostly when ETH or BTC prices go high, and that's predictably a good time to buy those kind of coins because after they come back to buy, you'll be a great holder. Another strategy is to not just by any coin. Do your background checks very well so yiu don't end up buying scrap. Don't sell all your good coins 😊 always reserve some for the rainy day. to end with, don't ever stop investing!!

ChrisSand

newbie

Activity: 72

Merit: 0

Better to do in small amount first and let it grow. Then your earnings from that make as your principal investment. Also, be sure to take high risk. Trading is a game, you will not always win.

djselery

legendary

Activity: 1386

Merit: 1001

To trade efficiently we need to study carefully the market, the chart, and especially to choose the right coins to buy and trade, which have the most promising potential. Otherwise without this steps the risk of losing is very high, and we can waste our money instead earning.

Topic: how to trade efficiently? - page 18. (Read 2797 times)