What I Should Know Before i Start Trading Cryptocurrency - page 11.

trecore4

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Quote from: hitrawal91 on March 04, 2018, 10:38:35 AM

Quote from: dayem708 on March 02, 2018, 01:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

For starting the trading business you need to have some trading capital and apart from it, you need to have some sound knowledge about trading. But trading is not about Hold and Sell only. You need to buy the coins at the Minimal price and then sell at the Maximum value. There are different trading styles and different trading timeframe which you need to look after according to your trading mindset and approach. Make sure that you do enough practise before going for live trading.

That's good explanation and I think this is enough list that we should follow for the purpose of crypto trading. Also one thing you should remember quite strongly is that you should not be emotional trader at all. Those who do it emotional way will never get the sweet pie and will always loose the money. Better keep it straight and hit the right coins always by studying them from the market buzz. Mix more to learn from the project announcement threads as it gives hell lot of info about when and how it will spike.

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Quote from: adzino on March 02, 2018, 12:34:34 PM

Quote from: dayem708 on March 02, 2018, 01:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

Holding and selling is more like investing for a long time. Trading is like trading instantly and switching between coins for maximizing profit.The best thing to do is learn how the market works first. Gain information about the coins you are about to invest and check their potentiality. Try investing small before going big. Learn from your small mistakes.

There are two ways to trade. There's short term and long term. Holding and selling is a long term way to trade while in short term, you usually buy then sell within short periods of time. The thing about short trading is you would have to keep track of the prices and know when is the best time to buy and sell. Know about pumps and dumps. Also, keep updated about the different coins so that you can diversify your portfolio.

bitcad4u

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Quote from: dayem708 on March 02, 2018, 01:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

If you have a idea to start trade,atfirst you should have some patience.If you had brought a bitcoin means,you should hold as much time you can.Holding is the required one to get some profit from your investments.When the price increase,you can sell to get some profit.

hitrawal91

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Quote from: dayem708 on March 02, 2018, 01:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

For starting the trading business you need to have some trading capital and apart from it, you need to have some sound knowledge about trading. But trading is not about Hold and Sell only. You need to buy the coins at the Minimal price and then sell at the Maximum value. There are different trading styles and different trading timeframe which you need to look after according to your trading mindset and approach. Make sure that you do enough practise before going for live trading.

rhayot

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You should know first, if what type of cryptocurrency are you going to trade, is it profitable or not. If you want to have a good profit you should invest in an low price cryptocurrency with a great platforms about their community so that, their coins will be having a good value in the market. In the long run, the coins will be in a high amount and that’s the time that you will gain a profit. You must have a deep reserach and critical analysis before trading otherwise your money will be wasted.

crypto1nvest

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Quote from: dayem708 on March 02, 2018, 01:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all on HOLD or SELL?

You need to learn a lot.
1. Technical analysis
2. Fundamental analysis
3. Money management
There are a lot of information on https://www.investopedia.com/

Borisb52

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Quote from: dayem708 on March 02, 2018, 01:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

For trading on the exchange, you need to know and know a lot about crypto currency. You need to be able to analyze the market and events, be able to read graphics and most importantly - understand the psychology of the masses. I advise you to get training from a practicing trader. Otherwise, you can simply lose all your money.

mostkey

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Quote from: dayem708 on March 02, 2018, 01:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

Well, you can search for technical knowledge of analysts in google search engine, this is an important part of trading so that you do not experience loss later. fundamental, and some techniques for reading the market. so you can know what will happen to a coin that you have, whether it will develop or even destroyed and lost.

nikenv2212

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Cryptocurrency is a high risk high return investment program, you must know and understand its meaning. In a matter of hours even shorter you could be lucky, and you could lose all your money. For that you have to equip yourself with enough knowledge about what is trading, what is cryptocurrency, then you also have to be smart in choosing the right coin for you to invest in it, etc. If you are a beginner, do not rush to invest a large amount.

Fantastic33

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Trading is very risky. Before you start doing it, you must read more about trading such as the basic rules or laws about trading. Decide what type of trading do you want, either short term or long term one. Where to buy or sell your bitcoin. So you must look for trusted sites. You must also watch bitcoin price from time to time to monitor when is the right time to trade. Laslty, you must be able to develop your attitude and learn to become patient.

AntonDrobot

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This is electronic money or digital assets that are created by private computer systems without the control of central banks using encryption algorithms. The idea of e-currency came about because of the disappointment in the fiduciary, or fiat money that we are accustomed to using. The very first and most common crypto currency is bitcoin.

erickkyut

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There are lots of things to know before you start trading cryptocurrency. First is the types of wallets you should use. You should know the level of security for each wallet because it is the most important thing in this market, the security. Next is on which exchange safe is the safest and most convenient for you to use. third is your goal on trading. Are you a short term trader or a long term trader? Last but not the least, you should know the things how to possibly avoid losses and avoid scams.

datodota002

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1. you should know why you buy a crypto, do not buying with rush just because the crypto are in still up situation.

2. you have to make clear target to taking profit and the most important to make stop loss level to avoid over loss.

3. you have to do risk management, do not too acquisitive to make big profit in one trade. keep in mind take little profit into that accumulated into big profit

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Quote from: dayem708 on March 02, 2018, 01:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

Buy low and sell high would always be the popular advice not just in trading cryptocurrency but it applies to all trading markets like forex and stocks. If you wanted to learn trading then you should start first by understanding how the market works. You can start with the School of Pipsology here https://www.babypips.com/learn. One of the mistakes newbies made when starting to trade is that they do not understand the terms use and the market structure. They just buy a coin immediately not even knowing the fees involve and study why the coin is increasing or decreasing rapidly only to be rekt afterwards.

There are a lot of youtube videos if you don't want to read. If you are really serious about trading then you should dedicate time to study the market because those who are successful didn't just study them for a short period but it took them a lot of time before they become profitable.

strongwarrior238

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Quote from: dayem708 on March 02, 2018, 01:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

I believe that in order to be able to invest in the Cryptocurrency market you have to understand what the nature of the market is, how it works and understand all the projects you are intending to invest. private If you are involved in a trade, you need to learn about technical analysis, market intelligence, capital management, and information channels to work out a trade plan.

marlboroza

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Quote from: dayem708 on March 02, 2018, 01:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

First read all "how to trade" topics. Do a lot research about coins and market before you start trading. Read news but choose wisely what news to follow because there are more FUD and fake news than real news.

Quote from: dayem708 on March 02, 2018, 01:07:08 AM

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

Your final goal is profit, so you will need to buy coins when their price is low and sell when price increase.
The thing is you have to spot right time for buying and right time for selling.

djselery

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Quote from: dayem708 on March 02, 2018, 01:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

You need to take your time firstly reading more about crypto trading, and learning the basics to avoid the biggest mistakes, and to minimize the risks. You have to learn how to study the market, the chart, and how to choose the most promising coins or tokens to trade, and when buying and selling. Without such knowledge you risk losing your hard earned money easily because trading involve high risks.

Slow death

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Quote from: dayem708 on March 02, 2018, 01:07:08 AM

What do I need to Know to Start Trading on Cryptocurrency?

I realize you want to know where you trade, right?

To start trading you need exchange like:

https://www.bitfinex.com

https://www.binance.com

https://bittrex.com ( be very careful with this )

then search on youtube how to use exchange to make trade

next step:

you should learn technical analysis even if you will not use much, is very useful in certain cases.

you need to be always informed, that means you should read the news channels: https://cointelegraph.com

https://coinmarketcap.com ( read constantimento the thread of the currency that you are doing trade)

VPoro

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there are many many things you have to know before trading. technical analyst, pshycology,... but i think hunting skills is the most important lesson you should study before trading

bitcoinwiser

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as much as crypto trading seems extremely lucrative, if you have a day job that pays your bill - IMO i strongly urge to NOT quit it and become a full time trader. Start slowly by investing time after job and weekends (work your ass off on the weekends in getting educated and researching).

Hone your trading skills and style in due time and once you are able to sustain your monthly dues via consistent profits, scale to being a full time one.

The most important and crucial thing is - you have to be a voracious READER!

Wish you luck on your journey!

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