What I Should Know Before i Start Trading Cryptocurrency - page 5.

onyok

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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 think it depends on what token ot coin do you have, and on what it will be its future after a time. Because as my observation some tokens are pumped a day after they launched it and dumped after a few days until the value become low. But the other token is vice versa. So maybe you should analyse the capability of that particular token and read more about it before starting to hodl or sell.

huige007

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Quote from: Osarman on May 09, 2018, 06:02:46 AM

Quote from: birzh0 on May 08, 2018, 01:21:05 AM

Quote from: Kunlejoe0 on May 02, 2018, 01:15:39 AM

The first thing you need to know about trading cryptocurrency is that there is no guarantee of any sort that you will make money as a result of trading. In fact you may lose all you have while trading. Know what you are doing and be safe.

if you dont have enough coins and brain to rule the market - be prepared to loose. Or just dont be surprised when it happens.

More than the number of coins, it is brain that can save a person from losing money. It is only possible if a person gathers good amount of information regarding his coins and trading. He must pay a close attention to the changing market daily and whenever there is a prominent boost or fall in the price, he should sell and buy coin respectively. In addition to this, courage and persistency with patience matter a lot.

You should know all those rules and principals that are necessary to use and apply in the market in order to survive and earn from here so that you are in benefit and get for what you are here. Now start research on the coin you want to invest in and if I prefer you Bitcoin as the most popular due to its response as you should learn about that. Your trading will be successful.

Nick Abimanyu

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My advice, before you start trading cryptocurrency, you should:
Learn what helps you when making decisions in running cryptocurrency trading.
Knowing the ins and outs of cryptocurrency, how it works because cryptocurrency is a virtual currency with a very fluctuating value, a trader must know when he is to deposit their money and when they should sell it.
Find out the background of companies that offer cryptocurrency.

Yunbalo

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You should learn from experience, capture market trends in the past, see the coins you want to buy how they change over time. Make predictions in the future that the coin has potential. These are the essentials when you decide to invest in any penny.

TRAID

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You should know that you will lose money...guaranteed. The more money you lose, the better trader you will become. Trading experience and knowledge is very expensive, but it can make you a very rich man if you stick to it.

mia khalifa

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I think you should know to start trading and you can make for the capital expertise you have to get a very big advantage is you have to know what makes the price move up and down so that there can know a good position to buy and sell , the expertise will provide a lot of benefits.

Souldream

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Quote from: KlepZ on May 09, 2018, 07:02:09 AM

when trading you must know the way first so you do not lose your money many cases when trading but they do not know how to trade and get profit for Hodl and Shell I suggest Hodl coin you because cryptocurenncy very hard to know with our mind

The one thing that you should know when you're already decided to start trading cryptocurrency is learn and know how to control your emotions and have a long patience because in trading you couldn't tell that you could get a good profit everytime you trade your coin or whatsoever that's why all of the traders are treating patience as a virtue.

KlepZ

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when trading you must know the way first so you do not lose your money many cases when trading but they do not know how to trade and get profit for Hodl and Shell I suggest Hodl coin you because cryptocurenncy very hard to know with our mind

Osarman

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Quote from: birzh0 on May 08, 2018, 01:21:05 AM

Quote from: Kunlejoe0 on May 02, 2018, 01:15:39 AM

The first thing you need to know about trading cryptocurrency is that there is no guarantee of any sort that you will make money as a result of trading. In fact you may lose all you have while trading. Know what you are doing and be safe.

if you dont have enough coins and brain to rule the market - be prepared to loose. Or just dont be surprised when it happens.

More than the number of coins, it is brain that can save a person from losing money. It is only possible if a person gathers good amount of information regarding his coins and trading. He must pay a close attention to the changing market daily and whenever there is a prominent boost or fall in the price, he should sell and buy coin respectively. In addition to this, courage and persistency with patience matter a lot.

birzh0

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Quote from: Kunlejoe0 on May 02, 2018, 01:15:39 AM

The first thing you need to know about trading cryptocurrency is that there is no guarantee of any sort that you will make money as a result of trading. In fact you may lose all you have while trading. Know what you are doing and be safe.

if you dont have enough coins and brain to rule the market - be prepared to loose. Or just dont be surprised when it happens.

voztata

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Quote from: cheezcarls on May 02, 2018, 06:32:09 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?

Hey there, I think that is a good question that you are asking right now. Some important things that you need to know before starting to trade in cryptocurrencies is that you should know the bearish and bullish cycles that happened every year. Of course, the market is so unpredictable nowadays. Long term holding is good if you do not worry about the future market crash (like what happened in The Great Bitcoin Crash from mid-January to early April).

Basically, trading is all about buying and selling at appropriate time and rates. The main principle of traders goes like this, “buy low, sell high” and that is only possible if a person has some knowledge regarding his coin and the future of this market. As far as fluctuations are concerned, both up and down trend of market are important. Former allows to sell high and later one is essential for buying low.

kingkonjac

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Patience is the key in the success of trading and controlling emotions is crucial in terms of success in trading, if you can lean on these 2 things than chances for win are higher.

dead_m92

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The most important thing that you should know, is that you can easily lose all your money if you do not know how to manage it, how to manage the exchange, and of course, your funds.
It is more than necessary to know all this stuff before trading.

jerry3k5jamiso1

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It is important for you to enter into the cryptocurrency market that is the basic knowledge of crypto, blockchain, technical analysis of candlestick charts, analysis of market trends. Once you have mastered this basic knowledge you should invest in the beginning with a small amount of money, after understanding and having experience with this market, invest more. If you really try and a little luck you can succeed in this market.

Webetcoins

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Quote from: ?? on ??

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. Make sure that you do enough practise before going for live trading.

The most important thing that a trader needs to do before getting into this profession is developing a good understanding of market and the asset he will be choosing. For example, bitcoin is the best asset for crypto trading but most difficult one too. Only that person who has some foresight and trust can earn profits. Like you said, ins and outs of this profession is also supposed to be learnt.

Insanerman

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It is not just about hodling or selling, there is so many things to consider when you do trading. You must be ready to all possibilities positive and negative, you will lose easily if you don't know what you are doing, you will not be a good trader in just one night, a week or a month sometimes it takes a lot of years depending on how hard you study and doing some actual trading. Familiarize yourself with the relationship of volume and price, technical analysis is also important things to consider, choosing good exchange platform, and dealing with you intuition or emotion.

Books can also help you, but I do not guarantee it. You have make it by yourself.

goku1525

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Quote from: arjen18 on May 06, 2018, 07:10:41 AM

For me i think you should start in trading by studying first or reading some forum here on how tradings work much better to have an idea first before you start as a trader

Read the articles behind because it's too risky when it comes of trading it has a possibility to loss our coins. I think you can gain knowledge by watching some videos and collect information of others who experience successful trades.

arjen18

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For me i think you should start in trading by studying first or reading some forum here on how tradings work much better to have an idea first before you start as a trader

frillyblockG

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Hodling has no relation with this and so trading doesn't literally means hodling.

cheezcarls

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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?

Hey there, I think that is a good question that you are asking right now. Some important things that you need to know before starting to trade in cryptocurrencies is that you should know the bearish and bullish cycles that happened every year. Of course, the market is so unpredictable nowadays. Long term holding is good if you do not worry about the future market crash (like what happened in The Great Bitcoin Crash from mid-January to early April).

Topic: What I Should Know Before i Start Trading Cryptocurrency - page 5. (Read 1115 times)