Topic: Trading skills (Read 858 times)
Thanks for all the comments and contributions, I guess the most important part in trading is to first develop a trading strategy and thereafter growing on it. I had the most wonderful time on this thread and I will love to say a big thank you to all as I will luck the thread now to avoid spamming.
The most important talent you should have isn't always related to trading. It's about looking at the right facts and criteria for me when it comes to mid-long term trading. I see this idea gaining some interest, but it doesn't seem to be reflected in the token price? There's a chance it'll be a decent deal. It's not that difficult; it's just that a lot of people fall into the hype without having any other justification to back up their purchase.
I believe a skillful trader does not rely on token price to take advantage of the market and in fact, the market volatility is always a tool in the hand of passive traders to take advantage and make huge profits. As a passive trader, you have to ride with the wave of the moment either the price of the coin you are trading in goes up or down all you need is to hit the right spot. 
I think trading skills is not the right word. It is only you can say experienced trading. Who are more experience in doing trading they know everything about trading because experience says all.
Experience is the best teacher, what you say is true. Before having experience everyone has learned how to trade techniques, so they have good skills. So when you say skills are not required, I think you are wrong. It is precisely the skills that are most important, because the market situation when you traded in the past would not be the same as it is today. Are you also using the old way? In my opinion, update your trading knowledge and strategy.
The most important talent you should have isn't always related to trading. It's about looking at the right facts and criteria for me when it comes to mid-long term trading. I see this idea gaining some interest, but it doesn't seem to be reflected in the token price? There's a chance it'll be a decent deal. It's not that difficult; it's just that a lot of people fall into the hype without having any other justification to back up their purchase.
Definitely, having skills, we open up more opportunities for ourselves and give an opportunity to avoid risks.
Not just opportunities but also sustainability, you won't be worried too much if you know how to do things. You don't have to avoid risks, they're a good indicator if it's a high reward endeavor you know. Definitely, having skills, we open up more opportunities for ourselves and give an opportunity to avoid risks.
Getting skills about trading is another important way of making your money safe without loosing.When you have your own special way of trading,when to trade,how to trade, and which one to trade, it will increase your level of profit.If you lack the trading experience and you need someone to guild you,then ask questions and do proper research on your own,make enquires before tradiing.
advice for beginners, I suggest analyzing first, by paying attention to a market and a coin, from a volume and news I think it's good to see the price of coins in the future. I personally am very careful in investing in crypto, for example I have 100% money, I always invest 20% of my capital. because every purchase that I experienced always decreased first. to minimize major losses.
Definitely, having skills, we open up more opportunities for ourselves and give an opportunity to avoid risks.
I agreed that trading need skills so everyone can able to earn nicely in the end. This is the thing where most of the newbies didn't understand and get the point of crypto trading in this field of industry. Honestly, before I understand this trading in the cryptocurrency it took 1 yr almost
before I earned the understanding about it. Where if your a beginner or novice begin with the basic always here. And learn how to listen as well to those who you think has a point.
before I earned the understanding about it. Where if your a beginner or novice begin with the basic always here. And learn how to listen as well to those who you think has a point.
Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?
Learn basic indications moves and their meaning. However, theroritical knowledge might not alone help in trading. Below are few things they might help newbies to start with.
Analyze and choose the best coins. Start with paper trading in the beginning. Then invest little on the best coin in the market which has high trading volume. Invest little in the beginning and have hands on experience on it. Update yourself everyday on whats happening around the coin you have invested so that you will know when there will be hike and dip. Beside all the above, keep yourself calm and watchful. Do not panic when the market suddenly goes up or down. Just be patient enough always.
observe the market, understanding the movements, and analyze the market movements so that we can determine the right time to sell or buy coins. but I think the experience that each person has gone through is the best way to add skills in trading. especially if we want to learn and grow with that experience. confidence and self-confidence are also necessary in trading so that we are more confident in making decisions in trading. My advice is to control our emotions when trading because it's important to handle our emotions so that they are not affected by the sometimes ups and downs of the crypto market.
Am just a regular trader and at that, I just buy during the deep and sell when the price rise, I can decide to wait days before I sell if the profits merging is ok for me, and I also set a stop to lose timer in case the market go the opposite direction.
"I just buy during the deep and sell when the price rise, I can decide to wait days before I sell if the profits merging is ok for me"I wish trading is that easy.
It's imposibble in crypto to know when is the dip, i think you are just saying without doing any real case about what you saying. Even the professional traders which doing trading for living cannot say anything like this because in trading the most core skill that we have to have is stable emotion and risk management. We know we will lose anytime, but as much as posible we could earn profits more than our loss and it's about time, all we need is patient.
The best skill you should have isn't necessarily concerning trading itself.
Personally with mid-long term trades, it's simply looking at the correct data and metrics.
I see this project and it's getting a bit of traction, and it's not reflecting on the token price? There's a chance that it's a good buy. It's not really even that hard at all, it's just a lot of people just buy in to what's hyped; without any other reason to back up their purchase.
Personally with mid-long term trades, it's simply looking at the correct data and metrics.
I see this project and it's getting a bit of traction, and it's not reflecting on the token price? There's a chance that it's a good buy. It's not really even that hard at all, it's just a lot of people just buy in to what's hyped; without any other reason to back up their purchase.
Newbies who have just entered crypto trading must learn the basics of trading, understand basic market operations and have sufficient knowledge to better analyze the market. Then use a small amount of funds to try trading, learn experience in practice, and find your own trading strategies and methods.
Having enough patience and keeping calm is also very important in trading, to avoid blind trading and losing a lot of funds.
Am just a regular trader and at that, I just buy during the deep and sell when the price rise,
It's not as easy as you say. Finding a market dip is not an easy task, you will need trading skills. I have been trading in the crypto market for a long time and my experience so far tells me that without properly analyzing the market, one cannot stay in the market for long with any trade based on emotions alone. So trading skills are required to trade.
I also set a stop to lose timer in case the market go the opposite direction.
When the market is more volatile and it becomes difficult to get an accurate idea of the upcoming movement, it is important to use stoploss to protect the fund from any unexpected movement. It is very important to know the proper use of Stoploss. Because if you don't know the correct usage, many times after hitting stoploss, the market goes up.
Am just a regular trader and at that, I just buy during the deep and sell when the price rise, I can decide to wait days before I sell if the profits merging is ok for me, and I also set a stop to lose timer in case the market go the opposite direction.
Everyone has their own habits and skills for trading. Learn to understand encryption knowledge and how to analyze market trends, learn risk management by understanding the market, and find out a trading strategy.
In the crypto market, emotions also have a certain impact on trading. Don't be affected by market sentiment and make wrong judgments when trading, and keep a calm mind.
I think trading skills is not the right word. It is only you can say experienced trading. Who are more experience in doing trading they know everything about trading because experience says all.
There are trading skills to people who knows how to trade,the experience they have in trading have given them the skills on how you can possibly go about trading without loosing. Most people fail because they lack that skill,so if you tell me there is no skill in trading,then I won't agree with you,Every good trader has a way he or she goes about trading without loosing,so skill is involved in trading.
I have come across so many trading skills which are sometimes referred to as trading signals, but in most cases, those trading signals are not accurate and may not give 100% result. What I will advise anyone to do is to develop experience.
I think trading skills is not the right word. It is only you can say experienced trading. Who are more experience in doing trading they know everything about trading because experience says all.
Jump to: