i don't know about the book that discuss about trading cryptocurrency but what i do is i only search the informations about trading cryptocurrency and read from website. the good thing is in out there many website give this info for free and we can read it and ask by personally.
after reading the info, usually i go to the market, i take a look on every coins and thinking what coins that could help me to make money. after i selecting the coins, i make some analyze with buy order and sell order. if i think i can buy then i am buy.
Topic: What would be your recommendations when trading crypto? - page 4. (Read 6588 times)
I would recommend to spend time investigating the coins you want to invest in. Don't give notice to the trollbox on exchanges, they are mostly there to walk away with your money. Start with small amounts and when your confident in not losing your money, start increasing your investment portfolio
The most important thing in trading crypto is a skill, but patience is also needed in order to make the appropriate action. Most traders difficult to control the emotions that can not make a good profit. Which the most important is to choose a site that truly reliable and not a scam.
Oh yeah, skills and patience are the two most important things to hold of. Make sure you take enough time to learn the everything of trading before you take the step of investing your money, else you may just risk it and you start regreting when things go wrong. Hence, learn a lot about trading before you start investing your money. 
one of the most important recommendations that i don't see anybody mentioning here (or maybe i missed it) is that you should never keep larges sums of money (crypto currency) on exchanges, because you would be trusting a third party with your money and they can run away or get hacked or lie about getting hacked and this has happened so many times already.
You are right, I am reminded of bitfinex and mtGox. and also, before you buy a coin,check the wallet first if its working or delays. Sometimes when you buy and transfer to other wallets or exchanges for arbitrage, you will get stuck,sometimes for weeks.You'll lose because when all cleared up,coins price already gone down.
one of the most important recommendations that i don't see anybody mentioning here (or maybe i missed it) is that you should never keep larges sums of money (crypto currency) on exchanges, because you would be trusting a third party with your money and they can run away or get hacked or lie about getting hacked and this has happened so many times already.
You are right, I am reminded of bitfinex and mtGox. and also, before you buy a coin,check the wallet first if its working or delays. Sometimes when you buy and transfer to other wallets or exchanges for arbitrage, you will get stuck,sometimes for weeks.You'll lose because when all cleared up,coins price already gone down.
The most important thing in trading crypto is a skill, but patience is also needed in order to make the appropriate action. Most traders difficult to control the emotions that can not make a good profit. Which the most important is to choose a site that truly reliable and not a scam.
Well, i also agree with it need patience. When we start to do trading and than automatically we gain skills but if we have a patience for growing price and take decision for making profit, than its mean we become good trader. I realize trading is not difficult, take a decision on the spot, it is difficult.
Yes, that is true. Very difficult to take decisions in the trade, and therefore needed patience in making decisions. At the beginning of my trade are often poor decisions because impatient, and in the end one took the decision that suffered losses.
I usually avoid altcoin trading, I mostly trade BTC/USD using high leverages on sites like bitmex. I have also used bitcoin brokers that offer cfds to trade forex using bitcoins, I find bitcoin can be too unpredictable some of the time. The best place to start would be trading BTC/USD using small leveages to minimize loss.
Maybe you are comfortable with BTC trading because you have a decent amount of capital, me I trade altcoins also since it is good for day traders like me seeing a big price fluctuation and even if I have only a little amount of capital I can easily make money with it trading altcoins.
I usually avoid altcoin trading, I mostly trade BTC/USD using high leverages on sites like bitmex. I have also used bitcoin brokers that offer cfds to trade forex using bitcoins, I find bitcoin can be too unpredictable some of the time. The best place to start would be trading BTC/USD using small leveages to minimize loss.
one of the most important recommendations that i don't see anybody mentioning here (or maybe i missed it) is that you should never keep larges sums of money (crypto currency) on exchanges, because you would be trusting a third party with your money and they can run away or get hacked or lie about getting hacked and this has happened so many times already.
I have tried trading several altcoins and have found that some of the lesser known altcoins will just drop in value to almost nothing over time and I am left holding the bag. It may be best to stick with a few of the major coins when trading.
There is a reason behind why such things happen and that is because the coin that has a small ICO and hardly got any funds wont be able to implement their plans, if they had any and hence the coin has to die one day or other and they just wait for that day. Aside from following the news surrounding Bitcoin and altcoins, it's also a good idea to analyse the market in question itself and look for long term trends for example.
If you want to do successful day-trading, you need a really volatile market.
There are a lot of tutorials available to learn how to day trade.
Yes and once can just visit market daily see the coins that went up and down, do this for a week note it on a paper and you can easily analyse that which coin has potential while which coin is being pumped unnecessarily and hence make the best decision to buy the coin and to sell it too.If you want to do successful day-trading, you need a really volatile market.
There are a lot of tutorials available to learn how to day trade.
Yeah researching about the coin first is the safest thing to do. Make sure to research about their future update to be made. The 24 hour High and Low and the volume of coin traded in that day. Researching for its movement in a week or month is also highly recommended as it helps you to understand its flow and make it easier for you to decide whether you will engage to that trade or not.
Be attentive to coin that uses Pump-and-Dump Scheme, you can see it easily by looking at the market since it has a very high risk of investing to it. But, analyzing deeply how they are doing that. It can generate a huge profit from it. So, you must develop your predicting skill in order to become a successful trader.
Aside from following the news surrounding Bitcoin and altcoins, it's also a good idea to analyse the market in question itself and look for long term trends for example.
If you want to do successful day-trading, you need a really volatile market.
There are a lot of tutorials available to learn how to day trade.
Yes and once can just visit market daily see the coins that went up and down, do this for a week note it on a paper and you can easily analyse that which coin has potential while which coin is being pumped unnecessarily and hence make the best decision to buy the coin and to sell it too. If you want to do successful day-trading, you need a really volatile market.
There are a lot of tutorials available to learn how to day trade.
The most important thing in trading crypto is a skill, but patience is also needed in order to make the appropriate action. Most traders difficult to control the emotions that can not make a good profit. Which the most important is to choose a site that truly reliable and not a scam.
Well, i also agree with it need patience. When we start to do trading and than automatically we gain skills but if we have a patience for growing price and take decision for making profit, than its mean we become good trader. I realize trading is not difficult, take a decision on the spot, it is difficult.
The most important thing in trading crypto is a skill, but patience is also needed in order to make the appropriate action. Most traders difficult to control the emotions that can not make a good profit. Which the most important is to choose a site that truly reliable and not a scam.
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.
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.
We all end up loosing in trading because our emotions get the better of us. When the prices go up very fast we tend to chase it and buy at whatever price there is available because we are fearful that the "train will leave" without us. Then to only see that a fall in price happens making our trade a losing one. So one trait that would be good to have as a trader is to be calm in the face of the volatile nature of cryptocurrencies.
that is why you should never trade in your life because you are an emotional guy.
a trader should delete any emotional thinking out of his mind and instead starts thinking more logically and like a machine.
and actually that is why many traders use bots for trading because that would eliminate the emotion part.
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.
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.
We all end up loosing in trading because our emotions get the better of us. When the prices go up very fast we tend to chase it and buy at whatever price there is available because we are fearful that the "train will leave" without us. Then to only see that a fall in price happens making our trade a losing one. So one trait that would be good to have as a trader is to be calm in the face of the volatile nature of cryptocurrencies.
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.
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.
It is true that by doing trading in the exchange will make you become more great as a trader. If you will become more observant who traded in that exchange site. And so far I don't see any books explain about in the trading neither in any bookstore outlet here. Though basic rule is buy low and sell high that's true actually.
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.
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.
First I would suggest to make connection with people that are active at the trading world and some of them can be found on the chats that some exchanges have, Yobit has the chat on the right when you trade something, poloniex has a trollbox which is very active but you should not believe everything what is written there.
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.
Holding altcoins can really make us lots profit in the future but sometimes that altcoins it takes time before it pump again and it will need investors to had big capital to start pumping and if you are going to hold bitcoin and cryptocurrencies make sure that you are making money while waiting.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.
iam recomended trading altcoin
the first is the big communitu and the big volume transaction
and when iam trading everyda
when is good trade is trade poloniex if bad news about coin you can trade margin trading in short or margin sell
and is good news you can buy or you can margin trading in long or margin buy
I was very curious how this margin trade buy and sell works. Anyways, I will research my own and find more information about this. The common do's and dont's we all know in trading like : Always ready the roadmap and other actions which would be taken by a coin after ICO, try to avoid buying too much while ICO and many such .. the first is the big communitu and the big volume transaction
and when iam trading everyda
when is good trade is trade poloniex if bad news about coin you can trade margin trading in short or margin sell
and is good news you can buy or you can margin trading in long or margin buy
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