Which knowledge is important for crypto trading? - page 20.

haroldtee

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Quote from: marcbitcoins on October 06, 2017, 08:05:49 AM

5. Stop thinking so much sometimes you just need to take action.

So many times I have found myself doing this. Thinking too much on a trade, trying to see whether it is the best time to get in or get out of the trade and eventually finding out that I was too late. Once one is sure of what he or she is doing, the most important thing is to stick with your decision and take a step immediately. If things did not go out as planned, your strategies will help you to know when to get out and all still balls down to making quick, good decisions. Thanks for this statement buddy!

marcbitcoins

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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 should learn the golden rules of trading before you joining any trades my golden rules are:
1. Make peace with your losses so they wont disturb you future.
2. What other people think of your trading is non of your business.
3. Don't compare your trades to others because comparison is the thief of joy.
4. The Only person in charge of your success is you.
5. Stop thinking so much sometimes you just need to take action.

bitcoinisbest

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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...

You need to have very wide knowledge about the different countries how they manager and treat cypto currencies. Because if any bad news come from major countries it will directly have impact on the demand and price of the coin. So overall knowledge about the market, forecasting and technical analysis will help you to judge and do trading along with the investment in right type of coin.

Burks

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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...

The most important knowledge you need to get is that you need to set goal of how much profit you want to earn.And another important thing is that you need to invest how much you can affoerd, because sometimes you will lose your bitcoin too in trading process so always be aware investment capital is an excessive amount you have it don't use your important savings.Try to learn from your own mistakes . Don't only depends on the guesses try to understand that concept of trading.

Eternu

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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...

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.

waser12

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

monica69

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one aspect that you would like to be updated to is the news about the coin. A coin that has a real value would eventually go up in price even if there are FUDs every where about it like bitcoin but it can be applied to other altcoin as well. Its recent developments, how active its developers are and what is the purpose of the coin would give you an idea if the coin would be valuable in the future. This would be the fundamental analysis.There are so many things that people don't do in trading they think that they know everything about the price , support level breakout point etc but you see them screwing up in abritage you should at least know some basics of how coins work we see many people complaining their eth transactions don't get credited.
Second important thing is exchange many go on yobit with 10 btc and pump the price it surely increases but no one is there for dumping and they lose everything.

BobBct

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For me it would be the patterns because you will have a bigger chance of earning or not loosing that much money when trading which is a big thing.

yugyug

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Crypto trading is quite different than stock and forex trading due to its very volatile, it is very rare to see an altcoins that has a very minimal price fluctuation like the one for Ripple XRP token. Top 10 coins are good for long term investment, the best coin to trade and to play are the ones on the ICO or any alt coin who have less than 1 dollar value, except for XRP. Always watch the ICO list and ANN thread about ICO on which coin to buy. Trends and bandwagons are the basic knowledge about crypto trading but it all lies in your own hands which one fits for you. Or you may try to read my post about coin buying guides for this month of October here : https://bitcointalksearch.org/topic/coins-buying-guide-this-october-2231991 , this might also help you decide which one should you trade.

prashanta

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Most probably everyone should read about any coin real time update this is the most important for trader i think. Secondly should know graphchart info for valume transaction about anycoin. And have to follow recent price histry as well.

giveen

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There are so many things that people don't do in trading they think that they know everything about the price , support level breakout point etc but you see them screwing up in abritage you should at least know some basics of how coins work we see many people complaining their eth transactions don't get credited. You should atleast know some features like eth smart contract how it's valuable to the future or xmr how will non tracing coin be helpful in future.
Second important thing is exchange many go on yobit with 10 btc and pump the price it surely increases but no one is there for dumping and they lose everything. Many don't check the trust factors also they see no kyc that's it I'll use this.

frowsiter

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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...

Go for the swing trading in the initial stages as it is the most easy stuff for newbie trader. It's simple bug at low and sell at high game which you can win if you find some good coins. Try to trade top most linked coins on the exchanger which will be shown on the different exchanger itself. If you mid them then just nite them die and again wait for the opportunity to buy at low. Repeat this for every coin that you think is potential coin. Not only this but you can also try copy the experts on the forum. Keep an eye on the people about what coin they are speaking about and also join the pump groups who will artificially pump the coin for getting profits. This might be confusing to understand at this point but you will get feel for everything soon.

infinity33

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Quote from: xuan87 on October 02, 2017, 11:05:17 PM

The most important things in crypto is updated news because crypto currencies is decentralized things so all of the price is based on market, so when you see a lot of people demand that coin, then big percentage that the coin will going up, chart and technical analysis will help you to predicted the lowest and highest price possibility, the theory is like that, but in reality there are so many things to be consider and so many things that can suddenly happen

always check an update on what happen on the market there is so many way but agree with that being updated is a must anything else not just in trading like when joining for some campaign when you are updated you know if it is success or not and for trading when you know all things that are happening in the market you can now decide which coin you want to trade.

glowing10

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Quote from: J. Cooper on October 02, 2017, 02:58:15 PM

One of the best pieces of advice I've gotten would probably be to take profit. When a trade is going well and you're up a couple percent you always feel like it can go higher. Don't submit to this greed. Dare to take profit.

The best way is that you should always determine the profit at which you would sell at the time of purchase itself . So when you acheive that target sell it and in case if you feel that market will still go up should keep small amount of coins for future rest can be sold . In this way you will get profits out and also keep some small part for future too .

xuan87

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The most important things in crypto is updated news because crypto currencies is decentralized things so all of the price is based on market, so when you see a lot of people demand that coin, then big percentage that the coin will going up, chart and technical analysis will help you to predicted the lowest and highest price possibility, the theory is like that, but in reality there are so many things to be consider and so many things that can suddenly happen

entrepmind23

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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...

Though I am trading for some time now, I would still consider myself a newbie because there is still a lot to learn. The first one to learn is understanding the market. You should know trading psychology and understand how the market works and market cycle because the one that are moving the market are people so at least you will have an idea of how people react to the current price and you will see it through price action. The candlestick patterns and the trends would give you an idea of this to speculate the market. This would be the technical analysis part.

Another aspect that you would like to be updated to is the news about the coin. Its recent developments, how active its developers are and what is the purpose of the coin would give you an idea if the coin would be valuable in the future. A coin that has a real value would eventually go up in price even if there are FUDs every where about it like bitcoin but it can be applied to other altcoin as well. This would be the fundamental analysis.

The combination of technical and fundamental analysis, trading psychology and risk/money management would make you a profitable trader as long as you have patience and a trading plan at hand so that whatever happens, you know what to do.

notyours

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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

JRoa

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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...

All of the information in the cryptocurrency world are very important. Having a knowledge in the cryptocurrency are great advantages because having many knowledges can make more profit.

player514

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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...

If you're trying to get into altcoins, you really need to research deep into which coins will last and which ones will die soon. Don't fall for pump and dumps either.

For the most part, if you're trying to buy altcoins, chances are that you will be buying and selling very quickly. There is a high chance that you'll practically be shorting a few coins. You need to start looking for signals in the news, announcement threads, and potentially even reddit. These all will leave you with information you'd need to trade.

pauloccsilva

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Cryptography is the science that hides the meaning of a message and has as its tool the mathematical resources to encrypt and decrypt messages. The act of encrypting consists of transforming a normal text into a secret text, and the act of decoding is the reverse operation, it consists of transforming a ciphertext into normal text.

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