Topic: What I Should Know Before i Start Trading Cryptocurrency - page 3. (Read 1141 times)
before knowing the trading currency we need to understand how the market move and past market dips and market reaction in various aspects
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?
Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
First and foremost you should be inform that trading or investing in Crypto currencies are very risky especially Bitcoin investment because of the price is really unpredictable that will always fluctuating so therefore as a new comer, you should invest what you can afford to lose and always do research before investing to avoid or minimize future losses.
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?
Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
First and foremost you should be inform that trading or investing in Crypto currencies are very risky especially Bitcoin investment because of the price is really unpredictable that will always fluctuating so therefore as a new comer, you should invest what you can afford to lose and always do research before investing to avoid or minimize future losses.
to do the trading you should know is you have to know about the workings of trading and how you can get profit, you have to know when the right time to buy and sell so you can get profit
You need to mastering the basic of trading cryptos and always remember our golden rules: Buy Low and Sell High. Find trading strategies that suit your style. It is not about how much you can make profit but how often you can make it than taking losses. However, if you plan to invest only, I strongly suggest to pick Bitcoin and Ethereum for a long term. But for trading, better picking coin other than those.
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?
Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
First and foremost you should be inform that trading or investing in Crypto currencies are very risky especially Bitcoin investment because of the price is really unpredictable that will always fluctuating so therefore as a new comer, you should invest what you can afford to lose and always do research before investing to avoid or minimize future losses.
You must know how to use or to master the three types of market analysis,
Fundamental Analysis
This type of analysis is mainly used by economists and traders, or investors, who hold positions for a longer period of time (months or years even).
Sentiment Analysis
This type of analysis is probably the most subjective and most difficult one to master as there are no set rules like Fundamental Analysis (you can analyse economic data like GDP and Unemployment) or Technical Analysis (the use of chart patterns, indicators, etc).
Technical Analysis
This type of analysis is by far the most popular amongst beginner traders and advanced traders alike because it's a framework that study's the movement of price (which is the exchange rate).
Definition got from netotrade.com
Fundamental Analysis
This type of analysis is mainly used by economists and traders, or investors, who hold positions for a longer period of time (months or years even).
Sentiment Analysis
This type of analysis is probably the most subjective and most difficult one to master as there are no set rules like Fundamental Analysis (you can analyse economic data like GDP and Unemployment) or Technical Analysis (the use of chart patterns, indicators, etc).
Technical Analysis
This type of analysis is by far the most popular amongst beginner traders and advanced traders alike because it's a framework that study's the movement of price (which is the exchange rate).
Definition got from netotrade.com
you should know before you trade better you know first how the coin moves happen and you can determine the right time to buy coin and the right time to sell coin after you master it all I am sure you can always get a lot of profit.
Besides getting the information about these things, you should remember one thing. Trading is not only profits. You must be ready to lose sometimes but do not give up.
you should know before you trade better you know first how the coin moves happen and you can determine the right time to buy coin and the right time to sell coin after you master it all I am sure you can always get a lot of profit.
You need to know what's the basic of trading like reading charts, and candlesticks, and etc. The most basic in trading is buy low sell high if you don't have knowledge you'll do the basic the buy low sell high. While you'll doing the basic you need to research and read about trading and invest what you can afford to lose.
I think before you starting to trading in cryptocurrency you must know your main objective or goal why are you in trading in cryptocurrency to accomplish what your want to accomplish.
For me, before you starting in trading in cryptocurrency industry you should know if it is worth it at all to know if you are going to be profitable in this business because hard work,
efforts are one of the strength that you will put in trading business to be successful one.
efforts are one of the strength that you will put in trading business to be successful one.
Before start trading I think you should ask the advise of your friend or relatives that knows how to trade and of course aside from that make your own research because it is hard for us if we lose our money in just split seconds, we have to know that there is always risk in trading, so be careful always.
It is not enough , no matter how much you know or how much you will know , More knowledge brings you more money , More books you read , more youtube videos , affect on your decisions and decrease the risk of your trading , so I say Keep learning , there is no graduation!
The most famous proverb “Knowledge is the only key to success” fits in the world of the crypto currencies very much perfectly and that there is no way that we can deny that thing. If you will not be having enough of the knowledge and awareness regarding the things, then it will not be possible for you to make the right decision and that you will then end up losing your money which you will never want.
before you start trading you should have knowedege about crypto market,you can trading with small money to know the market,you need to see the chart of cypto,need more exp on the market,you also need your friend guide for you because they will show you everything
Before you should start to trading Cryptocurrency you need to know what is the basic of trading reading charts and candlesticks. If you don't have a knowledge in trading your money will lose in a minute if you want to recover your loss hold your coin and wait a months or years to gain more profit.
One most important thing which nobody will tell you is : If you loose money in a bad trade, just learn from it...
" Bad trades help you learn... Good trades help you make money... Both are important for long term success and profits "
" Bad trades help you learn... Good trades help you make money... Both are important for long term success and profits "
You should know that you can easily lose a lot of money if you do not know what you are doing in there. That is why i suggest everyone to have some knowledge before jumping to the pool, trading is very risky (specially on a bear market)
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 know the basic about trading yes it's about hold and sell but it's depend to the coin you hold don't sell if you know the market is down wait the moment that coin is on high price so you can get a profit. There's a lot of thing you should know about trading so make research first before you trade. And also you need patience and don't ever panic if you see that the price drop. Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
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?
The crypto market is a new and very young market, so to be successful you need to know the basics of economics. You also have to know technical analysis in conjunction with market information to come up with the investment plan for yourself. This is a new market, profits and risks are very high, you are very careful when trading.Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
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