Which knowledge is important for crypto trading? - page 14.

bitcoinmasterlord

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Quote from: wuvdoll on November 25, 2017, 09:45:03 AM

Quote from: Domenc on November 08, 2017, 12:06:30 PM

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.

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.

wuvdoll

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Quote from: Domenc on November 08, 2017, 12:06:30 PM

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.

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.

A.H.Rassel

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Quote from: Sohailul on October 02, 2017, 12:53:50 PM

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...

Welcome to crypto trading if you want profitable in crypto trading chose some coin and study their roadmap and whitepaper also need technical knowledge of trading the second is follow the market news about each major coin because they might cause a huge change in the market overall badly need trading knowledge

wantjokull

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Quote from: Sohailul on October 02, 2017, 12:53:50 PM

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 reading all about the ICO projects to which the alt coin belong is the safest way to go for it. I mean the coin value will increase as the development in the projects occurs day by day. The development is safe way to get more investors into that particular project so that they will invest and will make the utility use more day by day thus the coin increases in the value. Plus beyond these technical things you should always look for the market capitalism of that coin which you gonna invest as it will bring up the price of the coin to forward front lines and you can be sure about the investment. This you can keep watching everyday from many of the sources.

A trader will always keep an eye on such things because he knows the ultimate fate of the coins depends on such technical as well as no technical things only.

Itachinho

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- blockchain technologie
- btc/alt correlation & correction
- market's law
- technical analysis

/GeertJohan

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If you want to crypto trading you should know about the technical knowledge of trading..The most thing is you have to know what the crypto you had used and updated things about coins , its price developments, how its running now..

The other thing is how to buy and sell the coins with complete knowledge. Most of the beginners do not use these things because they should eager to trading a coin and get the money but they shouldn't knowing the proper trading and coin.

214missy

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Quote from: Sohailul on October 02, 2017, 12:53:50 PM

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...

For me the important thing that you should know when you are in trading. It to be updated about the price of bitcoin. Because you will rely in that information weather your going to sell or hold a little bit more. So that is a important factor in doing trading. And in addition to that you shoul also do a research on what coin you are going to buy. It should be the coin that can regain its value.

Qunenin

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Quote from: MAJICOIN on November 23, 2017, 08:11:13 AM

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.

The knowledge of the coin itself is most important for which you are doing the trading. Second thing is you should know how to trade, what are the fee involved and what are different trading symbols etc. Thirdly you should have control over your emotions and feelings.

furry04

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you have to make your own research for every coin before you want to invest in it. you have to know factors that affect the price of coins and after that it would be easier to trade but not certain.

ihsanskanzaone

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Quote from: Sohailul on October 02, 2017, 12:53:50 PM

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 best knowledge for crypto trading is you must understand how you profit from trading results, how to buy coins when the price is rather cheap and sells when the price is high, nahh from the price difference you get a profit. So the best knowledge in crypto trading is that you can predict the rise in coin prices based on the present market so you will know when to buy and sell it. To find out the best coins to buy are the most popular coins and very fast and high price increases like bitcoin, bitcoin cash, dogecoin and more.

Aikidoka

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Sinbad Mixer: Mix Your BTC Quickly

It is neither easy nor hard to get involved in trading. The knowledge you should have about crypto trading is that you should keep an eye on the market. For starters, you should buy and hold for a while. Afterwards, you should sell in order to have a suitable profit.

Furthermore, trading requires patience and commitment. If you get bored of waiting the rise of the price and sell, you will regret doing so because the price is always growing. That is all I think.

Aizhen05

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Quote from: energycom on November 23, 2017, 12:22:01 PM

Quote from: zxl912157 on November 23, 2017, 12:10:44 PM

I found many similar questions about this. Is this coincidence or is it real?
they are not looking for answers and prefer to keep asking, whereas everything related to trade is here and in some other media like youtube and google.
I can not give any answer, just an immediate suggestion of practice and learning from experience. if it fails keep trying and learning.

Skills needed for coin trading. First is the ability of analyzing price charts and price graphs. This is very important as it's the technical analysis method. The seond is following the market news about each major coin because they might cause a huge change in the market. The last, following other traders' ideas about the market.

and also being dedicated on your work on how does you are able to be updated on some crypto news i find it important , cause your skill of having it then you have also the skill on how does you are able to analyze is a must and one of the knowledge that you have for while in trading.

dieselmeister

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If you wanna take in to cryptocurrency world, you should have basic knowledge about crypto. The second, you have to learn about technical trading and psycology. And the last, you have to have a expert to ask.

energycom

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Quote from: zxl912157 on November 23, 2017, 12:10:44 PM

I found many similar questions about this. Is this coincidence or is it real?
they are not looking for answers and prefer to keep asking, whereas everything related to trade is here and in some other media like youtube and google.
I can not give any answer, just an immediate suggestion of practice and learning from experience. if it fails keep trying and learning.

Skills needed for coin trading. First is the ability of analyzing price charts and price graphs. This is very important as it's the technical analysis method. The seond is following the market news about each major coin because they might cause a huge change in the market. The last, following other traders' ideas about the market.

djselery

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You need a large knowledge about crypto currencies in general, and especially about trading before investing in this world. You have to read and get learning about the most successful crypto currencies, or tokens to trade, how to choose them, and how to study the chart and the market, when buying and selling and so on.
This forum can help you to get such knowledge because most successful crypto traders are already members of bitcointalk.

zxl912157

sr. member

Activity: 588

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I found many similar questions about this. Is this coincidence or is it real?
they are not looking for answers and prefer to keep asking, whereas everything related to trade is here and in some other media like youtube and google.
I can not give any answer, just an immediate suggestion of practice and learning from experience. if it fails keep trying and learning.

gribble

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Activity: 966

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Quote from: MAJICOIN on November 23, 2017, 08:11:13 AM

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 the trading knowledge covers
1. Analysis technical to find the trend of price digital coins up trend or down trend, it is usefull to prediction of price, about the analysis technical lesson can found on the video via YouTube, it is more clear than just be explained by writing.
2. Management of money and risk in trading activity, we must have planning how much the target of taking profit and stop loss base on the analysis technical.
3. We must take control emotions in trading activity, so always follow the rules of trading be made by our selves, it will help us when the price has huge volatility due to we have trading plan before entry the market.

MAJICOIN

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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.

Heyyyrenz

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You can try searching about the coin, different reviews about it, background of the team member and the concept of the project and if you think it's gonna click or gonna trend then you buy it also there are some sites that rates the coin it may also a big help. And to answer your question i think the most important thing into cryptocurrency trading is that you have a "Presence of Mind" why? We all know that some people are panicking when their coin or where they invested drops the price if you really study the coin well you're going to have faith on it or in your decision.

Precense of mind is important once the coin drops price you should really think what isthe best way. Is it to believe in the coin or cut your lose.

carlisle1

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Quote from: Sohailul on October 02, 2017, 12:53:50 PM

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 started trading without proper understanding about profiteering?how did you manage to trade while you know nothing?just wondering what coins have you traded..being a full member means your not a newbie so you have read most of the advices here in thread.

As what have always mentioned here that READ MORE TO LEARN MORE.before going into battle your weapon must be ready.so stop trading for a while and invest your time to make research to all prospective coins and digest to a smallest details of each for you to find what is better

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