Topic: Which knowledge is important for crypto trading? - page 15. (Read 5180 times)
In the terms of exchanging is far of procedure to learn,we have such a large number of things alway's do's and dont's .in exchanging we should watch the drifting and improvement of venture of which coins must have potential in the market,second,we must figure out how to foresee when and where should we put resources into the sort of stages that less administration fee,thirds is to purchase less and offer high,and in conclusion we ought to have a patient to hold our benefit in the midst of a few issues happen in the realm of cryptocurrency,like this coming segwit2x hardfork.
What you need to know about crypto trading is how it can raise the price of their Coins. You will learn how to read roadmaps they will find here what they intend to do and how it will run on the market. So you will have more knowledge here and you can get rich here. Just be patient and read all the news
roadmap is not enough to based the price of coins... much better u need technical analysis in trading like candles stick and hear the news about the coin some people he making a huge group to hype the coin be aware the hype coin even are you newbie..
What you need to know about crypto trading is how it can raise the price of their Coins. You will learn how to read roadmaps they will find here what they intend to do and how it will run on the market. So you will have more knowledge here and you can get rich here. Just be patient and read all the news
roadmap is not enough to based the price of coins... much better u need technical analysis in trading like candles stick and hear the news about the coin some people he making a huge group to hype the coin be aware the hype coin even are you newbie..
For me when trading I like to watch the markets first for a day or more, and pay particular attention to a few coins that I am interested in, this will allow you to see how the market moves and start to notice some trends. I do not use huge levels of technical analysis but instead feel for how a price will change over time.
Just keeping an eye on the market, and especially when it comes to altcoins, won't do much for you. Their markets could look insanely bullish one day, and turn into a complete bear hole the other day. It's fine and all if you are looking to gamble on a pump or whatever, but luck isn't something you always have on your side. In most cases people just look for certain events that are planned, and then act in advance of the actual event, which again is more or less a gamble since you don't know how that market will react at that time. If that event doesn't happen for whatever reason, you'll be seeing your calculated profits vanish very quickly. It's basically also what happened with people buying Bitcoin in advance of the planned hard fork -- result is exactly the same
For me just learn how to avoid greediness because this is one thing always make investors loose its capital avoid also to but shit coins if your capital is limited. I will recommend to buy bitcoin and ethereum because these two are surely profitable by just holding it for long period of time.
Research, research and research. Since you are going to invest with out real money, its better to look at the coins you are going to put your hard earn cash. It's better to do some background checks like historical logs, recent news and other parameters before making your moved. Sometimes its better to also used our common sense. I see others just invest because someone says so, it should not be. Used your common sense and better judgement and let listen to FUD because when you do that, you can't do anything when the price just drop down and lost all your money in it.
You need a lot of knowledge in trading like be patient , being researcher and use some tips and startegy. Making a research you can know what is the best coin to buy because you read a lot of information of different coin and you see some comments and thats good because you will build Idea if this coin have potenti to increase in the future or not.
For me when trading I like to watch the markets first for a day or more, and pay particular attention to a few coins that I am interested in, this will allow you to see how the market moves and start to notice some trends. I do not use huge levels of technical analysis but instead feel for how a price will change over time.
open a twitter account, follow some good guys in that space. do not buy whatever is shilled in that space. take note of the mentioned coins, check out their Github and ensure that their is an activity. ensure it has a low supply. then you keep buying the dip ( buy the silence on crypto twitter and sell the noise). these has worked for me since the month of May 2017
How do you monitor noise/silence? I think this is one of the best ideas I've heard for a while.
The noise about the coins is one of great indicator to us to see if the coin is pumping and if there are so many people ranting and pointing for the coin who's moving up for that moment then maybe you can join with them and earn for short time. But be careful since if there's a hype pump comes the dump scheme will be follow on that and make sure that you wouldn't be left holding or else you will bag hold that coin for long time period.
I meant to ask something like: Is there any software monitoring that noise or do you make manual searches on different social medias?
steadiness
stress resistance
ability to wait
concentration
it is these qualities and skills that are important in my opinion
stress resistance
ability to wait
concentration
it is these qualities and skills that are important in my opinion
Holding is the biggest thing that you need to know first. Also knowing the international market and news will help you invest rightly in the right coins.
for crypto currencies it is important to have knowledge regarding bitcoin and other currencies because these are the things which can be traded in this market. for help you can ask from the experts which are available in the forum as well they will properly guide you and also you can make good decision by your own easily like in the other tradings we can make good decision as also this can be done easily crypto currency knowledge is must for this trading.
steadiness
stress resistance
ability to wait
concentration
it is these qualities and skills that are important in my opinion
stress resistance
ability to wait
concentration
it is these qualities and skills that are important in my opinion
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.
Most of the said trading groups have a biased opinion and you wont get to know the best investment opportunity always,make sure you learn about the project before investing your money and there are some good coins in the altcoin market where you could invest and i am sure when the alt coin market recovers you could get a good profit,make sure you invest only in top coins and not in hyped coins. 
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 most important knowledge is about the coin you are going to buy. it will determine how you will take the decision because when we can choose the right coin then our chances to get profit will be greater. while when we choose coin wrong we will be very difficult to be able to gain profit. you can see that the right coin is a coin that has an opportunity to experience an increase in price. 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.
Read the full details and ANN threads for any coin you need to trade. Also you should know the upcoming projects the coin has to offer as projects are the key for any coin success.
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.
You need knowledge of how to get information easily, because the important part is information, once you get the required information you needed, next is knowledge how to read chart and analyze it.
Getting good and valid informations is great for every business, but not all of us have good sources for that.
My approach is choose a coin that you wish to trade with, take a look on charts and analyze it. Bitcoin is the best for trading, because bitcoin fluctuations are the highest. Other coins are also good, but you need to know how much profit you wish to make, to set up min and max, min profit is the safest, max always have its own risks. This is daily trading, if you don't have time limitations then buying in dips when prices are red and selling them when they are green will be profitable for you, just target 10-20% profit and you will always make profit, if you wish higher profit you will lose more often.
You need knowledge of how to get information easily, because the important part is information, once you get the required information you needed, next is knowledge how to read chart and analyze it.
crypto trading may be difficult for those not willing to learn new things to be a successful trader u need to increase ur curiosity and learn, research. u will become successful. set rules for urself. andd remember, buy low sell high. rinse and repeat. you will get there
In crypto trading, you will first have to control emotions.Do not be frustrated if you see a price of a coin that may fall.Because the price of coins will increase afterward.Buy good coins.Of course, we have to hold good coins.Try to always know about crypto.
Jump to: