Which knowledge is important for crypto trading? - page 3.

dynospytan

sr. member

Activity: 364

Merit: 256

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 knowledge that you need to gain is to know how trading works. In order for you to earn in trading you must learn how market works and the best coins to buy in order for you to get more profit. For example, coin1 has a lot of volume of traders so therfore this coin1 has a potential to give you a profit. As long as you are a hardworking person you will earn a lot. Or you may try also joining a signature campaign for an extra income.

kramr

full member

Activity: 406

Merit: 106

Trading skills and Behavioral psychology are the important knowledges for crypto trading If you are good at both of them, you will always win the games....

dab000

newbie

Activity: 39

Merit: 0

You should constantly read the news about bitcoin and altcoins so that to predict the price change

mudasarali43

full member

Activity: 420

Merit: 100

The knowledge about the market condition market trends which condition make effect the other altcoins, The main knowledge is for the coin which you are select to trade, all the news updates and the value and technology of the coin and the trade which is trading all these knowledge is important for crypto trading,

GawirZZ

newbie

Activity: 168

Merit: 0

the most important knowledge in the world of crypto is that you must know all the coins including prices, markets, websites, news, and everything related to crypto you have to find out because if you are less digging about crypto you could just fall.

Angelic T

newbie

Activity: 122

Merit: 0

Trading is a matter of time, learning and patience. To start with, get articles on crypto trading and read. After, get some Satoshi and try using them to practice trading. Trading is a matter of practice and studying the graphs to know when to buy at a particular time.

mstfprcn

hero member

Activity: 700

Merit: 553

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, may be you can follow some good technical analists via twitter as well.

SirLancelot

hero member

Activity: 2646

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: bitgolden on April 24, 2018, 12:42:15 AM

Quote from: richcorner100 on April 22, 2018, 02:55:56 AM

You have to understanding which level price called support and resistance area, by know strong support and strong resistance areawill make more easy to decide when best area to buy and sell. That is apart of technical analysis, and beside that should understanding about fundamental of the coins that can increase the demand.

You have talked here about few of them, but what I believe is, if a person is coming into this field, he must know everything related to bitcoins and their trading. No matter, from which background he is just coming off, he must be learning all the basics and thumb rules and every little information related to this topic. Because this would be letting his trading skills so up within short period of time.

If you talk about the knowledge which you need to have while you are into the world of the trading, then you can’t rely on any single thing as there are so many things which you need to learn and that which you must know to make some good decision which can then help you in becoming more successful trader and to help you earn more money which can give you a chance of having a better living.

Semaj123

member

Activity: 434

Merit: 10

Commonly, we have to know first the basic in trading before getting into another form of analysis. Crypto are eventually hard to determine its fixed value so holding may take some risk. Trading needs some mathematical skills and have a heart of stone to accept some failures because trading will not always can guarantee to give us good profit.

Ken_1102

newbie

Activity: 112

Merit: 0

Before going into trading, one need to be groomed with the dos and don'ts of trading. As to the above question, every knowledge is important as far as trading is concern. You just have to acquaint yourself with the basic principles.

BCSHonda

member

Activity: 392

Merit: 10

The important knowledge in the cryptocurrency market is how to analyze the market from time to time. This is a point to help investors soon succeed in the cryptocurrency market. You should read a lot of news, press and market updates regularly and continuously to make the most effective business and investment decisions in the cryptocurrency market.

Chachacoin17

sr. member

Activity: 672

Merit: 250

Quote from: bitgolden on April 24, 2018, 12:42:15 AM

Quote from: richcorner100 on April 22, 2018, 02:55:56 AM

You have to understanding which level price called support and resistance area, by know strong support and strong resistance areawill make more easy to decide when best area to buy and sell. That is apart of technical analysis, and beside that should understanding about fundamental of the coins that can increase the demand.

You have talked here about few of them, but what I believe is, if a person is coming into this field, he must know everything related to bitcoins and their trading. No matter, from which background he is just coming off, he must be learning all the basics and thumb rules and every little information related to this topic. Because this would be letting his trading skills so up within short period of time.

Precisely! It is a very dangerous game beginners or to those who don't cohere to a well-planned method. Having an idea on how to play the game correctly can be an advantage for a gainful result. Never limit yourself to learn the scope and beyond of crypto trading. Better to be well-versed about it to have a full grasp of understanding of what it is, how it works, and more. The more it also gives the confidence and peace of mind because you already have the idea, guide, and flow to follow.

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: richcorner100 on April 22, 2018, 02:55:56 AM

You have to understanding which level price called support and resistance area, by know strong support and strong resistance areawill make more easy to decide when best area to buy and sell. That is apart of technical analysis, and beside that should understanding about fundamental of the coins that can increase the demand.

You have talked here about few of them, but what I believe is, if a person is coming into this field, he must know everything related to bitcoins and their trading. No matter, from which background he is just coming off, he must be learning all the basics and thumb rules and every little information related to this topic. Because this would be letting his trading skills so up within short period of time.

Potatohead

full member

Activity: 353

Merit: 100

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...

Perfect timing through patience would really be an effective way for you to earn better here in crypto. Better know the basics of trading for you to be able to handle every situations here smoothly without worrying or being panic. Be patient and have the willingness to wait for the perfect timing to sell.

bitcoinking11

member

Activity: 378

Merit: 17

In my opinion, technical analysis is very important for crypto trading. On of the important part of technical analysis is candlesticks pattern. You should learn it well, if you want to be successful in trading. There are a lot of candlesticks tutorial videos on Youtube, you can watch those it would be of great help.

Mystika

member

Activity: 134

Merit: 10

it is not easy to become a trader so it is important that you have enough knowledge especially when it comes to crypto trading just before, one of the important trading knowledge is that you know how buy and hold it, especially if the flow of the market is slowly moving.

jeepuerit

member

Activity: 306

Merit: 15

knowledge for trading should know how to buy and sell, which is the most important, and look at the graph and look carefully at how many sellers or buyers are, as it is also important to invest in lesser value, see the volume whether large or small small.

pelipurlara

member

Activity: 364

Merit: 10

Quote from: Rj Manik on November 16, 2017, 01:21:49 AM

It is really not easy way to know about crypto trading.Because crypto market any time fluctuate.So If you know better about crypto trading then you follow order book, Buyer quantity, seller quantity and daily candle bar updown quantity.Although it is not perfect way or better way but i hope you will known something.Moreover follow crypto news in social media and invest your money feel free.

Studying the basic concepts will give you a great grounding and guidance for making the right decisions in all kinds of circumstances. I think the best knowledge of the most important in trade is to learn basic concepts in industry

richcorner100

full member

Activity: 616

Merit: 100

https://exip.live/

You have to understanding which level price called support and resistance area, by know strong support and strong resistance areawill make more easy to decide when best area to buy and sell. That is apart of technical analysis, and beside that should understanding about fundamental of the coins that can increase the demand.

waqasniaz007

full member

Activity: 406

Merit: 121

There are two important things that are important for crypto trading, Technical analysis and fundamentals, Technical analysis considers the history of a coin with price charts and trading volumes, no matter what the coin or project does. As opposed to technical analysis, fundamental analysis is more focused on establishing if a coin is over or under valued.To get a better idea of technical analysis, it is crucial to understand the fundamental. But unfortunately crypto market depends on bitcoin stability, and work only when bitcoin is stable.

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