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Topic: Which knowledge is important for crypto trading? - page 13. (Read 5180 times)

sr. member
Activity: 2030
Merit: 356
if you do not have any trading experience at all, Maybe you can follow the trading signal from a trusted trader master, or follow a trusted group in social media,  trader is not an easy job, you have to learn a lot from experienced traders

No serious trader will ever bother to provide noobs advice aside from a few tips here and there, and that's if that person knows you. If you actively search for "experienced" traders, you mostly end up with idiots selling you guides/tutorials with information that can be found freely by using Google, and the worst of all is that it isn't of value to starters at all. If you can't figure out the basics yourself (without paying for free to find information), you'll never be able to come anywhere in this market, and that's a fact.
I followed several trading groups, I can learn a lot from there, Sometimes I also search for information via google, and that can add my insight, so I can know a little about how to read an indicator, Our task is to develop the knowledge we have learned.


Trading with crypto currency isn't easy especially if you're new in this field. Do you know most of people left there job just to work with bitcoin and trading, Not only knowledge but experience also required. I suggest you to first learn about that coin which you're going to buy. If you buy wrong coin you'll be in a big trouble. Try to understand the importance of coin marketcap and other factors which contribute the success of a coin.

member
Activity: 236
Merit: 10
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 start to learn technical analysis, read some book like
Technical Analysis  Jack D. Schwager
Japanese Candlestick Charting Techniques’ by Steve Nison
then start practice on  https://www.tradingview.com.

Use twitter and this  http://coinmarketcal.com for searching news.

Don't be greedy and emotional while trading.
Practice as much as you can. Good luck.
sr. member
Activity: 742
Merit: 329
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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...

The only knowledge that is really important when it comes to trading is knowing when to buy and when to sell. A lot of people get confused by the idea of this. Also, it is wise to control one's emotion because of being too emotional when it comes to trading, that person ends up failing and not earning.
sr. member
Activity: 649
Merit: 250
The knowledge that important in crypto trading is the analyzation in every market you will enter in trading. This are very impprtant and ofcourse to control your emotion of never got panic. Because when you are in panic mode losing may encounter.
full member
Activity: 882
Merit: 126
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The most important knowledge needed for crypto trading is analytical skills because you have to predict the prices of bitcoin or altcoin by doing deep analysis.And the decision making skill also needed at the hard times.
The best way to be an successful trader is by buy low and sell high it can be done by two ways you can buy bitcoin at when the pricr is low and sell it when the price is high.The next way is buy finding the coins on which country is available for cheaper and where it selling at higher prices.If yiu have friends from all over the world then you can try this method because in some countries bitcoins available cheaper than the market price due to more competition between traders.
X7
legendary
Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
The reality is 0.1% of traders actually beat the market - imagine if you traded into altcoins when BTC was @ $1000 - that coin would have to increase by 900% just to match you holding BTC

Just buy and hold. thank me later
legendary
Activity: 2422
Merit: 1451
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Cryptocurrency trading is very much based on speculation. Perhaps more than anything else. Watching the market's sentiment can e done through communities and relevant blogs/announcements but this all moves very fast. In the end, it's all profiteering on the speculation.
full member
Activity: 364
Merit: 100
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 when it comes in choosing coins it is good if you know the purpose of this coin and the potential of it to grow. In trading it is necessary that you have the strategy to be used in order to gain more profit. But most especially you must gain experiences because your experiences will be your steppingstone to become more effective in the field of trading.
legendary
Activity: 2968
Merit: 3684
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I feel knowledge is just one aspect, and that prepares you for the technical activities of trading. But it becomes less important as a first priority to many of us trade from our homes or don't actually sit in a trading job, where you:
1. trade within targets and instructions from a boss/employer
2. trade within limits also set by employer
3. require second, even third approvals before trades can be executed
4. trade with someone elses funds


That's a stark difference. When you trade on your own, you have no instructions, no limits, no requirement for a second approval, and the funds are yours. This all means that emotions and nerves play a huge, huge factor. I think for us, this is the thing we have to master more than anything else.
full member
Activity: 644
Merit: 101
Firstly you have understand about technical analysis, this knowledge is important to read and to know the price in over sold area or in overbought area. And also understand about candlesick pattern, price pattern, some indikator and price action. This technical analysis important to understand when we do short term trading , and for longterm trading we should be analysis the market from its fundamental. Other  more important thing in trading is risk management and good psikilogis like always patient and do not greddy.
full member
Activity: 364
Merit: 107
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...

The important thing for crypto trading is keep practice and emotion control. Practice make perfect, meaning for there you can get experience to help grow up skill and understanding about real market works. You can choose any strategy, but keep practice with real money and fix the problem will give you valuable experience. Last thing, keep calm never panic when your analyze go wrong and make loss. Do that until you find the best performance and has income from your trading. Good luck with you.
To me i think the most important is to remain as upto date.

Keeping up to date is always good but being control of your emotion is I think the most important thing. All those technical analysis and research will go away when fear sets in. Being unattached will make you logical that will result to more winning trades.
sr. member
Activity: 422
Merit: 250
You need knowledge of financial markets. How does stock market trading work?

If you are good at the stock market, crypto markets are basically the same only much more scammy so you should stay away from lesser-known coins/tokens and also more volatile so you can expect to gain/lose 5-10% on a daily basis.
hero member
Activity: 700
Merit: 500
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...

The important thing for crypto trading is keep practice and emotion control. Practice make perfect, meaning for there you can get experience to help grow up skill and understanding about real market works. You can choose any strategy, but keep practice with real money and fix the problem will give you valuable experience. Last thing, keep calm never panic when your analyze go wrong and make loss. Do that until you find the best performance and has income from your trading. Good luck with you.
To me i think the most important is to remain as upto date. Studying the market on regular bases is too much important, you need to know about all the important activities that are going around you. You also need to get the expert opinion and their analysis, being expert in crypto currencies most of the time their prediction proved as correct, therefore you need to have good contact with them and also read news about cryto currencies.
sr. member
Activity: 365
Merit: 250
Trading skills and Behavioral psychology are the important knowledges for crypto trading. If you are good at both of them, you will always win the games
member
Activity: 166
Merit: 43
You should know when someone is about to pour in tens of millions in a certain coin before hand.

 Roll Eyes
full member
Activity: 216
Merit: 250
For me, researching skill is most important knowledge you have to prepare to become a good trader
sr. member
Activity: 798
Merit: 258
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...
Usually most of the beginners in trading they started from small amount of capital so that if they lost in doing trade its not that hurt to accept you are loss. But if you are sure the coin you buy is pontentials you buy big amount of capital.
full member
Activity: 686
Merit: 100
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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...

The important thing for crypto trading is keep practice and emotion control. Practice make perfect, meaning for there you can get experience to help grow up skill and understanding about real market works. You can choose any strategy, but keep practice with real money and fix the problem will give you valuable experience. Last thing, keep calm never panic when your analyze go wrong and make loss. Do that until you find the best performance and has income from your trading. Good luck with you.
full member
Activity: 462
Merit: 100
The knowledge which is important for trading is the trading knowledge. The traders have knowledge about the correct time of a crypto currency when they are willing to purchase for profit. The important thing for us is the practical experience of trading because from this we can examine that is trading profitable for now or not.
Yes experience is the best teacher ever. To learn about trading everyday can lead us to earn more money because learning about it can also teach us not to lose again on the other strategies we did in the last time we try it.
member
Activity: 115
Merit: 100
I think for newbies, not to trade in coin with low market capitalization, instead you should trade with coin in the top 20 on coinmarketcap, which will help you limit risk.
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