Topic: Which knowledge is important for crypto trading? - page 2. (Read 5180 times)

Most people don't try to get into technical issues, just like I do myself. That takes too much time and doesn't bring much results. Still basic knowledge and understanding of econimics/business is required.

For cryptos you have to find reliable sources of information, make analysis, and then choose your personal strategy and stick to it for some time.
When it doesn't work, pick another one.
I can't agree you have to learn everything, crypto society is overpopulated, and some advices can only distract from what you have already chosen or maybe it's just my laziness))

It is really what a trader needs and some additional aspects to have. A good things to be learned by your own is technical analysis and fundamental analysis thats comes from your initiatives to learn this knowledge. If you have this with patience you will get the best result in crypto trading.

You can use anything you want and i can't highlight something important, to be honest. Everything can work and can be useful so people just need to trade and learn from mistakes.

Learning the basics is a must for trading. To accept loss of the amount that is not essential for you is psychologically much easier than with the loss of a significant amount of funds. That's why professionals recommend using only those means for trading, the loss of which will not be critical

Patience is considered as golden aspect of a trader. If someone is intending to go for trading but he doesn’t have tendency to control his mind and emptions, he will be encountering loss everywhere. Traders must adopt this trait because this trading is all about taking decisions at multiple times, multiple difference conditions and situations so being patient is tremendous additions to good results.

With crypto market you don't need too much technical knowledge such as stocks or Forex. 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.

Of course, you should know economic knowledge, if you want to know deeply about trading. Then you should research this forum, so, bitcointalk can help you for any information about cryptocurrency. Except that, bear in mind before investing money to any coin, you should not invest the money which make you be in trouble in the future and you need to know all information related to the coin you buy.

One way is to learn before trade, second way is to trade before learn, but the best way is to trade and to learn at the same time.

In my opinion patience is one of the most needed thing if you are going to trade, patience and keeping calm, lol

In my opinion is you should know and understand situation of market, when the market try to start bullish trend is times to buy it and hold for a few month and then if the price on overbougt and the price not possible more to going up that is times to sell. And to know which price should to buy and sell you have to know bit about technical analysis and fundamental analysis.

According to my knowledge that there should be and who should have in the world of trading is that you should be able to read and analyze market conditions and the conditions of the existing graphs because if you can't read the two you'd be hard-pressed to get advantage.

knowledge on the need to be able to benefit very much from the play trading is you should be able to figure out the movement of the trading and you should be able to analyze the existing market conditions so that you can benefit in the world of trading.

It should be knowing how to identify what's legit and what's not. Reading many threads on these forum gave me many ideas to filter those scammers. Imagine that if you got hyped in a coin and you go all in but you never knew that it's a scam from the start so having that knowledge is very helpful. A calm mind is the key to success in this risky profession of trading because it enables a person to take right decision on right time

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. 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

We should really keep an eye to this matter which we do mostly believe on this hypes when we do still new on trading field on where people do make such claims which aren't true and just purely hyping up a coin will really convinced you to buy such thing. All of those things written here in this thread is true but for mo most important thing in life is to share our knowledge to those people who are willing to learn but having a hard time learning about cryptocurrency

I think the best knowledge that is really important in crypto trading, is we should should know how to have long patience or off course to became sucessful here crypto trsding, people should always choose a coin that is on top 100 coins.

Analyzing the candles is the most important thing which a trade should learn before starting trading. Because with the candle analyzation you can predict the movement of the coin. Many websites have good videos available for learning candle analyzation you can search on google.

WHAT A THRILL:
 When BTC was pumping like no man's business it was all over the media all hail btc the ruler of them all, when btc started misbehaving they all changed their mouth oh mehn this is just pure P & D and their came alts with their rich making strategy which could transmogrify one into a state of Orgasmic ecstasy caused by the impact of cupits arrow we were carried away by the motherly love of Aphrodite herself who was ready to take us beyond the moon to Venus itself where she owns and make us feel the joyful ride where 10ripple could buy a Lambo and 1000doge could buy a Ferrari and they said behold alts are bae and cryptocurrency is the future hodl ur alts with your dear life and never sell ur pot of honey to a stranger cos alts were showing us great love from the very bossom of Aphrodite even before the expected time. But when alts cupid flavour was all exhausted and it was time for alts to account to Zeus on how their talents were spent they all turned against alts altering with complete disregard and disrespect for the very ones who gave them blankets during the rain; behold all alts are pure shit, behold all alts have no use case, behold alts have no life on their own beholds 99.9% of alts are shitholes and we even try to proof these with facts that have no connections but I say to u it is just our emotions running and I fully understand how u are feeling cos am feeling it too but how we handle this feelings and emotion is what might be different and remember the resolutions u made now against the next season are temporary and seemingly useless cos till u are able to remake and keep them in the next bull I ain't believing shit about these resolutions. But I have a question for us all, how long did it take btc to reach the current levels/statuesque (2009-2018) and how long did it take alts to reach their current levels. Do not let the present becloud your judgement unleach yourself into the future of decentralization where the current centralized nature of Crypto currency will be no more and I could buy a Tesla 20waves and Lamborghini with 10000CV. If someone after having researched deeply on the Ans(Neo) project saw the potentialities that it weilds bought 500$ worth of neo in May 2017 @0.5$ and hodled for a x100 profit but ended up getting X300 in return after 9mnths, we would say he is an intelligent and patient hodler but if someone bought neo @50$ and hodled for a X10 profit only for neo to retrace (healthy ofcourse) to 65$ after touching x4 from his buy prize we would say he is unintelligent and greedy considering the "Present" but this is our greatest problem we are so obsessed with the present and so we in many cases loose hold of the future, have u ever asked ur sef the question; if everybody panic sold @ the end of a bull run what will be the fate of the Crypto community. Don't get me wrong buying the dip and selling the tip is the summary of this game and we all agree on dat but this idea of if I had done this I would have made made money if I had done dat I would have made crazy cash is all a null and void talks and this idea of making endless resolutions and promises cos of the excitements of the moment is worthless cos resolutions are great but only when it transforms into a character which will it change ur trading carrier and life in general for remember "Character is that which remains after the excitement of the moment is gone".
So just find that intelligent and informed strategy which works for you and stick to it cos remember the past is gone and the present is fading away but the future is yet unshaped and we are the people who shape it.

Patience is what you really need to have here because as you wait and hold, better opportunities will come your way and you might also get a better profit. Just wait and see that the more patience you have, the more reward and profit you'll get. Just choose the best and potential coin for you to hold. Just be sure of the coins that you are using.

I think that you need to know about promising tokens, about market and also be cold-blooded. Everything you will learn in progress would be helpful in future.