What would be your recommendations when trading crypto?

el kaka22

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Quote from: yakdivine on November 16, 2016, 03:20:31 AM

Quote from: Abiky on October 13, 2016, 03:58:51 PM

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.

The only people that succeed in trading are skillful and professional trader.Professional trader learn a lot of skills for technical, sentiment, and fundamental analysis. Google this! For crypto trading I think technical analysis is not as important as the other two. In contrast, in classical ForEx the technical analysis is the most prominent activity.

It also pays to have the technical skills to actually understand crypto currencies. Do you actually know what a hash function does? While I can do such analysis for you in my coin reviews, you should learn that yourself in the long-term.
Aq

To me the only advice that I can tell you that always try to trade in such place where you have some command, if you have good experience in trading in a particular coin or you have some good knowledge about it then you can invest your bitcoin here but always tray to invest in a reliable and trusted alt coin.

Zadicar

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Quote from: Monnt on November 21, 2016, 10:54:52 AM

Quote from: BitcoinPanther on November 17, 2016, 04:35:20 AM

Quote from: goldcoinminer on November 17, 2016, 02:45:53 AM

Quote from: Gahs on November 17, 2016, 02:11:52 AM

Quote from: yakdivine on November 16, 2016, 03:20:31 AM

The only people that succeed in trading are skillful and professional trader...

An amateur becomes skillful with regular practice. You make mistakes, learn from them and keep trading till you make very few mistakes (if ever) then you will be called a professional.

That's true because we all started from newbie but because of the fact that we want to learn we work our way to learn trading..And for me, it's important that along the way you have to make sure that you correct your errors and not doing it again and again. By adjusting we are making ourselves matured in trading which could give us a good chance of success.

I agree, we are all started as a newbie back then and yet I am still a newbie when it comes to trading lol. I think to be able to learn and master trading, we need to exert effort and put a lot of time in learning how to trade, there are some guide articles on how to trade but we cannot know how it works until we try them and observed.

Yes anyone could become a professional trader, only his dedication matters. When I started Forex trading, I was told to stay within trial accounts for more than two months. With the trail accounts I learned a lot of things about technical analysis.

The basic aspects of trading is common across Forex trading and bitcoin trading. We just need knowledge on different technical analysis. When we are strong in technical analysis we can predict market directions accurately.

True, it depends on the dedication of a certain individual if he would likes to become a pro trader he would really be serious on learning that and same as yours i do practice on demo accounts now for how many months and i do really get some important things on forex trading and also to bitcoin trading they may have differences on platforms but the essence are all the same.

Monnt

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Quote from: BitcoinPanther on November 17, 2016, 04:35:20 AM

Quote from: goldcoinminer on November 17, 2016, 02:45:53 AM

Quote from: Gahs on November 17, 2016, 02:11:52 AM

Quote from: yakdivine on November 16, 2016, 03:20:31 AM

The only people that succeed in trading are skillful and professional trader...

An amateur becomes skillful with regular practice. You make mistakes, learn from them and keep trading till you make very few mistakes (if ever) then you will be called a professional.

That's true because we all started from newbie but because of the fact that we want to learn we work our way to learn trading..And for me, it's important that along the way you have to make sure that you correct your errors and not doing it again and again. By adjusting we are making ourselves matured in trading which could give us a good chance of success.

I agree, we are all started as a newbie back then and yet I am still a newbie when it comes to trading lol. I think to be able to learn and master trading, we need to exert effort and put a lot of time in learning how to trade, there are some guide articles on how to trade but we cannot know how it works until we try them and observed.

Yes anyone could become a professional trader, only his dedication matters. When I started Forex trading, I was told to stay within trial accounts for more than two months. With the trail accounts I learned a lot of things about technical analysis.

The basic aspects of trading is common across Forex trading and bitcoin trading. We just need knowledge on different technical analysis. When we are strong in technical analysis we can predict market directions accurately.

carlfebz2

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Quote from: BitcoinPanther on November 17, 2016, 04:35:20 AM

Quote from: goldcoinminer on November 17, 2016, 02:45:53 AM

Quote from: Gahs on November 17, 2016, 02:11:52 AM

Quote from: yakdivine on November 16, 2016, 03:20:31 AM

The only people that succeed in trading are skillful and professional trader...

An amateur becomes skillful with regular practice. You make mistakes, learn from them and keep trading till you make very few mistakes (if ever) then you will be called a professional.

That's true because we all started from newbie but because of the fact that we want to learn we work our way to learn trading..And for me, it's important that along the way you have to make sure that you correct your errors and not doing it again and again. By adjusting we are making ourselves matured in trading which could give us a good chance of success.

I agree, we are all started as a newbie back then and yet I am still a newbie when it comes to trading lol. I think to be able to learn and master trading, we need to exert effort and put a lot of time in learning how to trade, there are some guide articles on how to trade but we cannot know how it works until we try them and observed.

Failing at the first time is just normal especially when we are trading because all of us do start from newbie on a certain thing which means we really commit loss and mistakes but we should really treat those as a stepping stone in order to learn and developed even more on the long run we should really exert effort because without it then its all useless and you will suffer loss always.

Abiky

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Quote from: wintermeasures on November 17, 2016, 08:59:48 PM

I Suggest You to If You Want to Trade a Specific Altcoin then Firstly Know about the Market cap Of that Coin, Demand Of the Coin and Also See the Past Performance of the Coin....
After that I suggest You to Firstly Talk with a Trading Master Who is Doing Trading From a Long time.....

Quote from: mirakal on November 18, 2016, 01:11:03 AM

You actually do not have to say that because it's the basic for every trader should learn. Getting the right information will help you decide on the right way to do in trading. Do not just gamble and rely on luck, treat trading seriously as there's money in here.

Thanks for your helpful advice, guys. Unfortunately, due to my ignorance, I've lost plenty of money doing trades, but thanks to the information that I've found across the web, and your advices too, I'll be able to execute new trading strategies and reduce the chance of loss. Also, I've seen that sometimes, arbitrage trading works, but it is considered a very risky method, since market prices change quickly, thus you can easily miss the chance of buying cheap coins at one exchange, and then selling them at a higher price on another exchange.

Speaking of which, I was going to ask, what is the difference between stop and limit orders when trading on the exchange? Is there an advantage from one another, in order to minimize the risks, and increase my chances of profit? Sorry for asking this, but when it comes to trading I'm a bit of a noob. It has been much easier for me to use instant exchanges like Shapeshift.io

mirakal

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Quote from: wintermeasures on November 17, 2016, 08:59:48 PM

Quote from: Abiky on October 13, 2016, 03:58:51 PM

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.

I Suggest You to If You Want to Trade a Specific Altcoin then Firstly Know about the Market cap Of that Coin, Demand Of the Coin and Also See the Past Performance of the Coin....
After that I suggest You to Firstly Talk with a Trading Master Who is Doing Trading From a Long time.....

You actually do not have to say that because it's the basic for every trader should learn. Getting the right information will help you decide on the right way to do in trading. Do not just gamble and rely on luck, treat trading seriously as there's money in here.

wintermeasures

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Quote from: Abiky on October 13, 2016, 03:58:51 PM

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.

I Suggest You to If You Want to Trade a Specific Altcoin then Firstly Know about the Market cap Of that Coin, Demand Of the Coin and Also See the Past Performance of the Coin....
After that I suggest You to Firstly Talk with a Trading Master Who is Doing Trading From a Long time.....

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Quote from: BitcoinPanther on November 17, 2016, 04:35:20 AM

I agree, we are all started as a newbie back then and yet I am still a newbie when it comes to trading lol. I think to be able to learn and master trading, we need to exert effort and put a lot of time in learning how to trade, there are some guide articles on how to trade but we cannot know how it works until we try them and observed.

I'm in the same situation as you, mate. When it comes to trading, I fail doing so thus resulting in massive losses on my investments. I'm better off with knowing the technical aspects of Bitcoin and other cryptocurrencies, as well as promoting them via social media (and get rewarded doing so) than trying to break my head getting around with trading properly. It is something that is not impossible, but takes a lot of patience in order to trade successfully.

That being said, I'm always open to hear out recommendations on how to trade crypto effectively and minimize losses. If you have any tips or advice that would help me from achieving this, feel free to PM me.

BitcoinPanther

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Quote from: goldcoinminer on November 17, 2016, 02:45:53 AM

Quote from: Gahs on November 17, 2016, 02:11:52 AM

Quote from: yakdivine on November 16, 2016, 03:20:31 AM

The only people that succeed in trading are skillful and professional trader...

An amateur becomes skillful with regular practice. You make mistakes, learn from them and keep trading till you make very few mistakes (if ever) then you will be called a professional.

That's true because we all started from newbie but because of the fact that we want to learn we work our way to learn trading..And for me, it's important that along the way you have to make sure that you correct your errors and not doing it again and again. By adjusting we are making ourselves matured in trading which could give us a good chance of success.

I agree, we are all started as a newbie back then and yet I am still a newbie when it comes to trading lol. I think to be able to learn and master trading, we need to exert effort and put a lot of time in learning how to trade, there are some guide articles on how to trade but we cannot know how it works until we try them and observed.

goldcoinminer

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Quote from: Gahs on November 17, 2016, 02:11:52 AM

Quote from: yakdivine on November 16, 2016, 03:20:31 AM

The only people that succeed in trading are skillful and professional trader...

An amateur becomes skillful with regular practice. You make mistakes, learn from them and keep trading till you make very few mistakes (if ever) then you will be called a professional.

That's true because we all started from newbie but because of the fact that we want to learn we work our way to learn trading..And for me, it's important that along the way you have to make sure that you correct your errors and not doing it again and again. By adjusting we are making ourselves matured in trading which could give us a good chance of success.

Gahs

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Minter

Quote from: yakdivine on November 16, 2016, 03:20:31 AM

The only people that succeed in trading are skillful and professional trader...

An amateur becomes skillful with regular practice. You make mistakes, learn from them and keep trading till you make very few mistakes (if ever) then you will be called a professional.

RealPhotoshoper

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Quote from: yakdivine on November 16, 2016, 03:20:31 AM

Quote from: Abiky on October 13, 2016, 03:58:51 PM

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.

The only people that succeed in trading are skillful and professional trader.Professional trader learn a lot of skills for technical, sentiment, and fundamental analysis. Google this! For crypto trading I think technical analysis is not as important as the other two. In contrast, in classical ForEx the technical analysis is the most prominent activity.

It also pays to have the technical skills to actually understand crypto currencies. Do you actually know what a hash function does? While I can do such analysis for you in my coin reviews, you should learn that yourself in the long-term.
Aq

i am not totally agree with your opinion , a technical analysis is not really important for low value altcoin trading.
but it is important for a top cryptocurrency such as bitcoin, litecoin, dogecoin, ripple and ethereum.
why? it is because a top cryptocurrency have a quiet big impact to the real global economy, especially bitcoin.

Abiky

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Quote from: yakdivine on November 16, 2016, 03:20:31 AM

The only people that succeed in trading are skillful and professional trader.Professional trader learn a lot of skills for technical, sentiment, and fundamental analysis. Google this! For crypto trading I think technical analysis is not as important as the other two. In contrast, in classical ForEx the technical analysis is the most prominent activity.

It also pays to have the technical skills to actually understand crypto currencies. Do you actually know what a hash function does? While I can do such analysis for you in my coin reviews, you should learn that yourself in the long-term.

Great! Thanks for this helpful advice. It is always best to make a research about this, in order to trade effectively and minimize the losses. With years of experience, you can come up with effective strategies that will help you gain huge profits when making any trade. I usually prefer to trade altcoins, since most of them are pump and dump, and it give you a huge opportunity (if done right) to make a decent profit. Cheesy

Quote from: (altair) on November 16, 2016, 06:42:24 AM

When trading cryptocurrencies, find if it have a forum, block explorer, and a roadmaps. Read about that crypto in their forum and find out its roadmaps, or devs, coin supply, etc. Ask other crypto traders also if it's worth buying. If there is something shady in their coin better think twice before investing or buying that coin.

Thanks for the advice, mate. Also, when considering to buy an specific cryptocurrency that has been recently launched, it is best to wait for a few days until the "hype" goes by, as this results in a price decline giving you a huge advantage into buying cheap coins. Take a look at Zcash for example, it was nearly $2000 since it has launched, but nowadays the price has declined massively after the hype passed by. But in this case, if I would consider to buy a Zero Knowledge proof cryptocurrency, it would be ZClassic, instead of Zcash, in my own opinion. It has so many great things like the removal of founders reward, among many other things. Grin

(altair)

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When trading cryptocurrencies, find if it have a forum, block explorer, and a roadmaps. Read about that crypto in their forum and find out its roadmaps, or devs, coin supply, etc. Ask other crypto traders also if it's worth buying. If there is something shady in their coin better think twice before investing or buying that coin.

yakdivine

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Quote from: Abiky on October 13, 2016, 03:58:51 PM

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.

The only people that succeed in trading are skillful and professional trader.Professional trader learn a lot of skills for technical, sentiment, and fundamental analysis. Google this! For crypto trading I think technical analysis is not as important as the other two. In contrast, in classical ForEx the technical analysis is the most prominent activity.

It also pays to have the technical skills to actually understand crypto currencies. Do you actually know what a hash function does? While I can do such analysis for you in my coin reviews, you should learn that yourself in the long-term.
Aq

mirakal

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Quote from: 2double0 on November 15, 2016, 05:03:07 AM

The most effective coins are those which have tremendous developers involved, so the first thing to look for is that only.
Next, you need to know about the roadmap and follow them and have faith in them, but important here is that, devs should deliver or coin will be nowhere but will remain on the ground only.

It would be easy to spot a coin which has a good developers because they have a good volume, and when you see a coin like that you will then have to exert an effort to study further and when you are convince with their road map, that's the time to buy the coins and invest it.

2double0

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The most effective coins are those which have tremendous developers involved, so the first thing to look for is that only.
Next, you need to know about the roadmap and follow them and have faith in them, but important here is that, devs should deliver or coin will be nowhere but will remain on the ground only.

Barbut

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My recommendation is simple, don`t get into trading and hope that you will have luck there. I tried and it didn`t work, for trading you need serious approach, something like every day you need to be active, you need to follow everything what is happening. If you wish to make profit you need to know about teams behind coins, who has reputation.
Don`t get into trading if you are not ready to fully commit to that, for fun its ok to come here and then and to choose some coin with nice name, but for real trading, investing big money and making profit you need to be skilled.

MarketMagic

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This is one of the latest services for news and market analysis.Good services are out there if you look for them and can be useful.Here are some good free or donate trading tips for bitcoin v usd pair.

https://coins.newbium.com/post/4408-bitcoin-v-usd-market-signal-for-saturday-november

stomachgrowls

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Quote from: Nahl on November 11, 2016, 07:03:50 AM

Quote from: skyway1 on November 05, 2016, 04:59:44 PM

i recommend that trade in bitcoin because recently bitcoin is the most powerful currency and bitcoin price recently is very good to buy bitcoin and i am sure bitcoin will double up its value in coming few years .

altcoins also still profitable if you were found the exact altcoins to trade because several days ago after ZEC coin was lauching on exchange i did trade for this coin and very profitable because the price rise up with pretty fast so in my opinion even though since bitcoin rise up and altcoins have down trend but if you could found the exact time to trade another coin you will still got profit

Right timing and always updated on the news would really help you out to be succesful on altcoin trading because if you know the exact time to invest and you know and select a good altcoin for sure profits is guaranteed. To those who invest on earlier times maybe got some profit especially on to those miners but for those who bought expensive zcash then the price dumps so hard then its a sure negative profit.

Topic: What would be your recommendations when trading crypto? (Read 6588 times)