Topic: Which knowledge is important for crypto trading? - page 12. (Read 5180 times)
There is no specific knowledge that you must only learn in understanding trading, you must learn how to appreciate everything about investing, from fundamental to technical analysis, as well as the psychology of the market, you must understand when will people are trying buy and sell coins, there will be times that people will panic buy and panic sell, and as an investor you need to watch out for the signs, in order to make more profit.
They have a lot of different knowledge is important in trading . If you want to become successful in the future better if you have patient, know about the startegy and absorb the tipd from the expert and successful trader . For me the best to do if you want know what coij is the best to buy or have potential is to make a research so you can see if the coin have good project.
Don't buy coins just because they are increasing in value pretty fast. Find out ways to figure out whether the coin is just being pumped and dumped.
The main things is you have to learn about trading, its not easy, it need knowledge and hard work,
and always see which coin are dump, cause if coins are dump then 90% have chance to rise, I don't predict I just see it, and I say it from my knowledge
and always see which coin are dump, cause if coins are dump then 90% have chance to rise, I don't predict I just see it, and I say it from my knowledge
I already started crypto trading. But i cannot understand how to get profitable in crypto trading. How to understand which coin is the best for buy. I don't know how to become successful in crypto trading. So guys, please tell me which knowledge is important for crypto trading. Thanks...
I think the most common knowledge that is necessary in crypto trading is to know that when the price is low that's the time to buy and when the price is high then that's the time to sell. This is the basic fundamental rule in trading. Also, patience plays a big role in all of this because there is no specification of time when this happens. The best we could do is to wait.
If you are data Analysis Expert then you are eligible to start the trading on any currency once you understand the history of coin when it pumped when it dumped the you will be master of any Trading of coins
My opinion is that in crypto trading the most important thing is to stay up to date on all the news that are sourrounding the coin you are trading and of course the whole cryptospace. Another aspect is technical analysis but this can be hard to learn and is not the most important thing in crypto, because markets are volatile and other things have more impact on them, at least I think so. As it is with every skill you want to achieve, you have to fail first, stand up, try again. Rinse and repeat, and finally master the skill. This goes for trading as for every other. Good luck to you.
Same concept with dealing inside forex, we must be aware on any aspect that will reflect to the current status, I think news and any updates will bring the current price to move either downward or upward it will affect the trade, so with proper knowledge we can place our entry and exit point for a better result. Actually I think with the crypto market you do not need too much technical knowledge such as stock or FX. Currently I find that successful investors in the crypto market have a way of playing the news of the altcoin they invest. If there is good news or big event they will buy and wait for price to sell out. Conversely, bad news is that they will cut their losses soon.
So the method to be sucessfull based on your story is the most important knowledge of trading cryptocurrencies is we must makes analysis fundamental to getting profit from it, and in my personal opinions it is good for long term strategy in investment activity (usually buy the digital coins and hodl for couples years later), but the skills of analysis fundamental in trading is not enough especially for the traders who apply short term investment (daily, weekly trading) they must know about the analysis technical to predict the price in short time. 
Actually I think with the crypto market you do not need too much technical knowledge such as stock or FX. Currently I find that successful investors in the crypto market have a way of playing the news of the altcoin they invest. If there is good news or big event they will buy and wait for price to sell out. Conversely, bad news is that they will cut their losses soon.
Definitely, news work most of the times if you can know how to find them, but I would not say one should just discard the ability to do some technical analysis as they are applicable not just too FX but to crypto trading as well.There are so many successful decisions I have been able to make with TA and if it is just to be sticking with news alone, I would never be making that much. Like you said, the most important thing is to know where to step in and where to cut your loss if anything goes wrong.
My opinion is that in crypto trading the most important thing is to stay up to date on all the news that are sourrounding the coin you are trading and of course the whole cryptospace. Another aspect is technical analysis but this can be hard to learn and is not the most important thing in crypto, because markets are volatile and other things have more impact on them, at least I think so. As it is with every skill you want to achieve, you have to fail first, stand up, try again. Rinse and repeat, and finally master the skill. This goes for trading as for every other. Good luck to you.
I already started crypto trading. But i cannot understand how to get profitable in crypto trading. How to understand which coin is the best for buy. I don't know how to become successful in crypto trading. So guys, please tell me which knowledge is important for crypto trading. Thanks...
Analysis becomes the most important thing for you to notice because with the analysis we can pay attention to the movement of bitcoin prices. monitor prices and see price movements at any time will help us to make decisions. oh yes choosing the right time in making decisions is also a thing that can not be forgotten, it is things that can help us to get the skills and knowledge in doing Trading. So do not forget to keep concentrating and working hard because it will affect the future you will get.
I already started crypto trading. But i cannot understand how to get profitable in crypto trading. How to understand which coin is the best for buy. I don't know how to become successful in crypto trading. So guys, please tell me which knowledge is important for crypto trading. Thanks...
Analysis becomes the most important thing for you to notice because with the analysis we can pay attention to the movement of bitcoin prices. monitor prices and see price movements at any time will help us to make decisions. oh yes choosing the right time in making decisions is also a thing that can not be forgotten, it is things that can help us to get the skills and knowledge in doing Trading. So do not forget to keep concentrating and working hard because it will affect the future you will get.
Actually I think with the crypto market you do not need too much technical knowledge such as stock or FX. Currently I find that successful investors in the crypto market have a way of playing the news of the altcoin they invest. If there is good news or big event they will buy and wait for price to sell out. Conversely, bad news is that they will cut their losses soon.
The knowledge of crypto coin market value is the most important thing that a trader must know before trading .
All other factors comes after this . If you invest in any alt coin without knowing its market value then there are more chances of getting loss then that of profit . There are thousands of altcoins in the market ,choosing the best ones is the foremost task for trading . Other than that I would say that bitcoin is most trustworthy coin as compared to others so you must start with bitcoin .
Everything you have said totally depends on the trader's experience, style of trading and their strategies which they cannot know without having a good knowledge on how to go about them.All other factors comes after this . If you invest in any alt coin without knowing its market value then there are more chances of getting loss then that of profit . There are thousands of altcoins in the market ,choosing the best ones is the foremost task for trading . Other than that I would say that bitcoin is most trustworthy coin as compared to others so you must start with bitcoin .
Certainly, it is a simple process, but for a trader who is not ready to leave their funds in alts for so long, I have always believed that cutting losses at a certain percentage is just the best thing to always do and look for a better alternative to trade.
Yes I observed one thing the professionals in trading they will not choose a reputed coins to make a profit. They will target one shitcoin and make others invest in that coin and afterwards, suddenly they will sell and make a profit. That is why don't buy any shitcoins if the profit comes late also no problem buy only a reputed coins.
It is best to go for Bitcoin trading but if someone does not have a good experience, he can go for famous alternative coins like Ethereum Litecoin neo waves or Monero. Those all can give good amount of profits and none of them is a shit coin.
The graphical trends coming from trading sites can highly educated us with acquired skill which you can develop in terms of knowledge it will provide. And before start cryptocurrency trading you should know details of a coin in the market and make an analysis before you choose a coin on which you notice that it goes up and down and take note of the coin if how many movement well done in 24 hours.
The knowledge of crypto coin market value is the most important thing that a trader must know before trading .
All other factors comes after this . If you invest in any alt coin without knowing its market value then there are more chances of getting loss then that of profit . There are thousands of altcoins in the market ,choosing the best ones is the foremost task for trading . Other than that I would say that bitcoin is most trustworthy coin as compared to others so you must start with bitcoin .
Everything you have said totally depends on the trader's experience, style of trading and their strategies which they cannot know without having a good knowledge on how to go about them.All other factors comes after this . If you invest in any alt coin without knowing its market value then there are more chances of getting loss then that of profit . There are thousands of altcoins in the market ,choosing the best ones is the foremost task for trading . Other than that I would say that bitcoin is most trustworthy coin as compared to others so you must start with bitcoin .
Certainly, it is a simple process, but for a trader who is not ready to leave their funds in alts for so long, I have always believed that cutting losses at a certain percentage is just the best thing to always do and look for a better alternative to trade.
Yes I observed one thing the professionals in trading they will not choose a reputed coins to make a profit. They will target one shitcoin and make others invest in that coin and afterwards, suddenly they will sell and make a profit. That is why don't buy any shitcoins if the profit comes late also no problem buy only a reputed coins.
It is best to go for Bitcoin trading but if someone does not have a good experience, he can go for famous alternative coins like Ethereum Litecoin neo waves or Monero. Those all can give good amount of profits and none of them is a shit coin.
I already started crypto trading. But i cannot understand how to get profitable in crypto trading. How to understand which coin is the best for buy. I don't know how to become successful in crypto trading. So guys, please tell me which knowledge is important for crypto trading. Thanks...
You should learn the basic of trading, many important things like liquidity, sentiment, political and any other trading indicators. It is impossible to predict the price of cryptocurrency, the volatility is very extreeme. So you better don't take higher risk by wait to get higher profit.
According to me we should need historic data about particular crypto whether it is BTC, ETH or any other crypto, trading is all about strategy, we can also study about crytpo to gain the knowledge and also search it on google to know what are the best method to do trading.
From my experience I can tell you that you should always look for a coin which has a good enough volume that is being traded. Coins with a small volume does not potentially have that much of a buying and selling activities. Secondly, you should always look for a coin which has a good price variance. for example, price only fluctuates between 0.00028 and 0.00030. You wouldn't want to invest in that because that wont give you a good enough profit.
Where can I find these pump groups? Another newbie asks.
If you are looking for a pump group, then look no more cause you will not find any and if you do, be ready to lose all your assets.Most of those pump groups were found on telegram back then and the followers of those calling the shots ended up realizing that these guys are only using them to make profit for themselves at the expense of gullible followers who ends up holding a bag of shit coin or even selling for losses. Learn yourself and make trading decisions on your own.
to achieve results or benefits or everything else you have to:
1 study a lot
2 understand what you are studing
3 (if u understand) be able to apply what you have learned
4 start to to having results or fails
5 start again and study again
6 know more and more and start developing intuition for good deals(in life)
...and it is a never ending story (ask to veterans how many time they have failed and started again)
Study! Learn! Know every day more! Nothing is for free!
Cheers
Where can I find these pump groups? Another newbie asks.
If you are looking for a pump group, then look no more cause you will not find any and if you do, be ready to lose all your assets.Most of those pump groups were found on telegram back then and the followers of those calling the shots ended up realizing that these guys are only using them to make profit for themselves at the expense of gullible followers who ends up holding a bag of shit coin or even selling for losses. Learn yourself and make trading decisions on your own.
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