Which knowledge is important for crypto trading? - page 19.

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Quote from: pitiflin on October 07, 2017, 03:13:08 PM

To be successful in crypto trading, you need to do your own research on the coins you think will give you a good return on investment. It would be perhaps better if you invest in reputed coins which a lot of users have trust in. Better not go with new coins right away,it will be hard for you to figure it out in the first place if it's a scam or not. After some experience that you will get, you can go for new coins. Be careful out there people will try to snitch.

Your own research will give output from other successful path in trading only by reading a article or watching trading tips videos in YouTube. To win in trading all the time you have watch the price movement continuously and make the money by frequent change of the value in trading site you are doing trading.

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Quote from: Edrian on October 07, 2017, 10:21:57 AM

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 most expert would say that if you wanted a lot more profit you should a lot of daytrading. Study candlestick etc.

FIRST IS TO KNOW MECHANICS OF COURSE. But I think the most important information in trading most specially in alternative coin aside from bitcoin is study the information and platform that this certain coin have. Choose a coin that you think has more potential in the future most specially if you have been aiming on long term holding of a certain coin. don't just believe on someone that would say that 'hey this coin will go to the moon, you should buy it', almost most holder will say something like that on all the coin they have. In short don't believe on just someones'speculation/ Learn to speculate a coin by yourself. See if their dev are active, if the road map really leads to a productive activities.

After investingtune in to the news about them. I think he news are important to trading, most news are manipulating the price and you should subscribe to crypto-news to be updated.

To me i think there i such specific knowledge for trading altcoin, but the generation information that are necessary for trading are required for trading altcoin. for example you must have some knowledge about the market, you must also have good information about the coin where you are going to invest your money. and i think the most important thing that you must have is your experience and trading skill which can really help you in trading altcoin.

Ewinsane

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Quote from: waser12 on October 06, 2017, 06:06:22 AM

probably the most important thing to understand is that there are no guarantees and stability...

This is very important. In as much as we make use of information at our disposal to make quality decisions, there is no way we can always guarantee the market movement in our predicted direction every time.

The market is quite volatile and there is nothing that can be done since we are still in the initial adoption phase for now, hopefully overtime when adoption has grown widely and there is liquidity, then we may start experiencing a less volatile market.

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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 you to become successful in cryptocurrency trading you most learn how it works first before putting your hard earned money. Developing your skills and techniques on how to trade professionally should be the basic of how to make good money from bitcoin and altcoins trading. Many people are losing their investment today because of how the have jumped into trade without adequate knowledge on what professional do. Spend most of your time to lean candlesticks formation and pattern and how to interpret them will make you a professional over time and you will make good profit from the market.

pitiflin

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To be successful in crypto trading, you need to do your own research on the coins you think will give you a good return on investment. It would be perhaps better if you invest in reputed coins which a lot of users have trust in. Better not go with new coins right away,it will be hard for you to figure it out in the first place if it's a scam or not. After some experience that you will get, you can go for new coins. Be careful out there people will try to snitch.

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Quote from: iram3130 on October 07, 2017, 12:30:24 PM

Recent news about the coins, future plan of the team, team's background and their wealth, understanding the potential of a coin, coin's implementation and adaption, lastly it's community.

Yes doing a proper end to end research before trading is very important like there are some users who get carried away by some new coins which enters the market and suddenly has surge in the value but eventually end up losing money by the failure and dissolution of the coin so we need to check the timeline of the coin which we will be investing as if we check the timeline and trend we will have an idea about the durability of the coin like even if it's price falls then it should be capable enough to come back stronger.

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for me best way to learn is loss because when you loss you will think more than 1 time why you loss and will find way to stop loss

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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 aboard and since you ask which knowledge is important, I think you can start with how to read those candle sticks, next is know if the coin is oversold or overbought at that time, that way you will know if its good time to Buy or best time to Sell. Next is know the right people, surround your self with people who knows about crypto trading and listen to their ideas but bottom line is you are the one who will decide which one to buy or sell. Join group chats that shares ideas not signals, you will not learn from those signal groups.

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Recent news about the coins, future plan of the team, team's background and their wealth, understanding the potential of a coin, coin's implementation and adaption, lastly it's community.

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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 can actually go through the journey of best trading from the forum itself. Look for the best coins to be traded in day trade and also watch out for the pumping groups around the forum. Make the collective data from all of this and try to hit that coin at right time and win the game. That sounds easy isn't it? But it's not. You have to study these very closely and let yourself dive into it for better knowledge and implementation of the strategies. This will give you long driven in the world of bitcoin trading.

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I think with you willing to start trading activities that will be the most powerful capital when compared with people who have not dared to trade. this I say because with you dare to start trading of course you will get experience that can be made lesson so that you do not make mistake a second time. maybe all you have to do is get more emotion control when you do trading activity because usually mistake is often done by trader that is adalalah where when crypto value is down there they will experience panic. but if you can control your emotions you will be able to read the movement of crypto market that is moving. I think if you have confidence over the crypto you are trading I think all you have to do is keep it until the right time when you sell or buy it.

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Understand to read graph and able to predict next trend !

So it's just same as when you're trade on wall street but the different only bitcoin value depend on supply and demand which I'm consider as risky investment since the price can suddenly change.

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While knowledge plays an important part in trading, cryptomarkets are generally affected by only two things: news and demand. After studying the markets and trading, I've learned that the market will decide what direction to go depending on what news is circulating around. The China ban(s) is a classic example of what I'm saying. As for the demand, well it's pretty straightforward; if there's a large demand, prices go up. If there weren't, it will stagnate or go down. Again, you can't use traditional trading signals in bitcoin and cryptomarkets since those are completely different things, though can be somewhat useful in creating an analysis and research on where to place your next move.

susila_bai

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If you are trading in Bitcoins then the main point you should remember is PATIENCE because if you had purchased on high rate then dont panic as you will get your price but if you are day trader then better play with stop loss. Same time if you are long term investor then you should buy in split and as soon as the price starts to pump then you should be able to take profit in this pump. For other altcoin trading you should be fully aware about the projects and developments of that coins which you are going to trade.

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If you want to trade altcoins that is not easy like it seems. There are so many altcoins and it's hard to decide which would be the most profitable. That is the situation where experience helps the most. So you will not become good trader over night, it might take even a year before you learn enough about market, patterns and you will definetely suffer some losses before you get the profit.

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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 most expert would say that if you wanted a lot more profit you should a lot of daytrading. Study candlestick etc.

FIRST IS TO KNOW MECHANICS OF COURSE. But I think the most important information in trading most specially in alternative coin aside from bitcoin is study the information and platform that this certain coin have. Choose a coin that you think has more potential in the future most specially if you have been aiming on long term holding of a certain coin. don't just believe on someone that would say that 'hey this coin will go to the moon, you should buy it', almost most holder will say something like that on all the coin they have. In short don't believe on just someones'speculation/ Learn to speculate a coin by yourself. See if their dev are active, if the road map really leads to a productive activities.

After investingtune in to the news about them. I think he news are important to trading, most news are manipulating the price and you should subscribe to crypto-news to be updated.

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Quote from: deadsilent on October 02, 2017, 03:21:46 PM

The knowledge of controling emotions. Some newbies can't control their selves from greed. And because of greed they lose a lot of money. It is important that you must be in control even the situation is unfavourable to you. Learn to control emotions. Also some traders are just buying altcoins based on people's opinions which is bad because they might wrong. Learn how to analyze things first. What's the reason why you buy that particular coin? Make a research and don't just believe what others were saying here because they're might be people who shill their coin. Most of them are just pump and dump coins. Do your study first before jumping in.

That initial level of emotion cannot be ruled out for every newbie no matter how they try. Over time, experience will teach them lessons on how to end up controlling such emotions whether loosing or winning. That temptation will just come until you start realizing they are not worth it and start discarding the emotion bit by bit until you find out you are gradually trading like a pro and making even more without the emotions.

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News had been the focal point of cryptocurrencies trading, of course news triggers it's volatility, you just have to be alert and be conversant with news.
More so, you will have to study those coins very to know the profitable ones among them and make sure you invest with the amount of money you can afford to lose, don't use all all capital for trading at a go.

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When you are doing trading with cryptocurrency you must be updated everytime for any news about the token simply because the price moves every seconds well for me everything about trading must be consider so you cannot loose big money.

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Quote from: Eternu on October 06, 2017, 07:54:09 AM

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...

Most important thing in cryptocurrency world is information. We all know that knowledge is power, and we can put information in knowledge section. From that we can learn that to be successful in cryptocurrency trading you need to follow news, to do a research of market and many other less important thing. Maybe most important thing would be controling your emotions. Emotions can lead you to wrong conclusions and deeds. Stay calm when trading or doing anything else.

As far as making profit is concerned, as long as your sell at higher price, higher than you paid, you will make progress in your trading profession.

Emotions are definitely a main element you need to control while you are trading because sometimes people make wrong decisions being emotional. This is then hard to defend and fortify your position. Coming towards the things, which are required to be known by you before you buy the altcoin?
1.   Check for the software and the nodes etc. that are supporting the altcoin.
2.   Check the market cap of the altcoin.
3.   Check the trading volume of the altcoin.
These are the things that will help you and make it easy for you to whether to invest in a certain altcoin or not. With the help of the above mentioned things you can easily determine the future any altcoin, if it is gonna survive or dump.

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