I think the knowledge you want to master is of course the first thing to learn or the basic knowledge because that will take a role as a foundation in your trading career.
Crypto trading needs a vigilant mind and basic knowledge of how things work in the crypto business. You must be a good market observer by which I mean you should know when to buy, hold or sell. You must be aware of the business models and strategies of the exchange you sell or buy at. Having some knowledge of finance is also a good thing which would enable you to decide the right thing. These tricks and strategies can be accessed on search engines.
Topic: Which knowledge is important for crypto trading? - page 4. (Read 5180 times)
As the world focuses on basic cyptocurrency, it seems we understand that bitcoin is one of the new things to invest. So many companies sell coins, but since this is an unregulated industry you have to be very careful. to make money with bitcoin, just buy a coin and wait until it rises in the long run and monitors price movements that make you profit.
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. For me the important thing that you should know when you are in trading. It to be updated about the price of bitcoin. Because you will rely in that information weather your going to sell or hold a little bit more
This is a bad way to start trading you should educate your self first before going to trading. You might see yourself losing a lot of money if you do not know waht you are doing. You have to know the cryptocurrency marke, the trends and to predict the future development. I think these are very important things and you can come to that by lot of research and practical experiences
It is crystal clear that you cannot perform great in trading until and unless you don’t have sound knowledge about the coins you want to trade with. Just reading whitepaper of the coin is not enough for knowing all about the project. We live in an age of modern science where impossible can be replaced by possible. So, there are thousand types of way to know about bitcoin. Because the knowledge is important for crypto trading
First of all, the experience is essential; the second is a continued study of news, at least 10 per day and the third - choose only proven coins from the top 10 or 15. Purchases on the market's bottom in order to long-term retention of purchased coins will be a key for a good profit.
Most of the knowledge is useless. The most important transaction actually requires a lot of experience. It is more important to gradually accumulate trading experience than any knowledge.
It's not really knowledge but controlling your emotions and not getting caught on the hype of a bull run.
Actually trading deals with decision making. In short term investment or day trading simply, people start with decision making and the whole day, after every moment, they are making some decisions based on their selling and buying strategies. So better is to work out on this characteristic because if this become lose, everything would be losing and you are ending up with nothing.
Rule #1 that should be memorized by any beginner trader should be "Never go all in", regardless of how great potential gains look.
The main thing is not to sell at the bottom, if the price has fallen you have to wait. The market is cyclical, the price always returns to where it was. Of course, if the project is not a scam, then we need to get rid of it faster
You don't need to have much knowledge in other for you to start trading crypto, all you need to know is the knowledge of how to switch between coins on exchange, how to set buy and sell orders and also how to read the trade chart in other to see if there might be a pump or a dump in the coin in which you are about to buy. I think this is the main knowledge you need to have before you involve yourself in trading.
As you said these knowledge are enough to do crypto trading but our aim through crypto trading is making money so we need some skills to do that,particularly the decision making and technical analysis is the important knowledge need in the crypto trading.
I think the knowledge you want to master is of course the first thing to learn or the basic knowledge because that will take a role as a foundation in your trading career.
In my opinion, technical analysis is very important in crypto trading. There are a lot of youtube videos you can watch to learn technical analysis. You should also learn about candlestick.
Most of the people that are involved in trading and dealing with the cryptocurrency are trying to make their own technical analysis. As I have mentioned it does not work in 90% of the situations, man.
You don't need to have much knowledge in other for you to start trading crypto, all you need to know is the knowledge of how to switch between coins on exchange, how to set buy and sell orders and also how to read the trade chart in other to see if there might be a pump or a dump in the coin in which you are about to buy. I think this is the main knowledge you need to have before you involve yourself in trading.
As you said these knowledge are enough to do crypto trading but our aim through crypto trading is making money so we need some skills to do that,particularly the decision making and technical analysis is the important knowledge need in the crypto trading.
You don't need to have much knowledge in other for you to start trading crypto, all you need to know is the knowledge of how to switch between coins on exchange, how to set buy and sell orders and also how to read the trade chart in other to see if there might be a pump or a dump in the coin in which you are about to buy. I think this is the main knowledge you need to have before you involve yourself in trading.
It's not really knowledge but controlling your emotions and not getting caught on the hype of a bull run.
Actually trading deals with decision making. In short term investment or day trading simply, people start with decision making and the whole day, after every moment, they are making some decisions based on their selling and buying strategies. So better is to work out on this characteristic because if this become lose, everything would be losing and you are ending up with nothing.
To become a successful trader you must be ready to learned on how to trade professionally! What people did not no is that trading is not a job for every one and you must be ready to spend time in understanding when an asset or coins is at the buying face because what must newbies are doing is buying into coin at the selling face.
If you want to do well in crypto trading then you have to learn technical analysis. There are videos about technical analysis on youtube, wathch those, they would be helpful.
Which knowledge is important for crypto trading, for me the best knowledge are those ideas you gain from those experienced traders that alreaady encountered many tradings, thus it will helps you on your trading on how to handle it properly.
I would be a plus point if you have a practical experience in the crypto world along with market information about the current prices, the speculated prices and the time to sell or buy. Having the knowledge to hold for a specific time and sell again makes the difference between a mature and immature mind. Finally some knowledge about the finance and crypto models is also important. 
For me experience is the best knowledge when trading cryptos because you get to learn more about the coin and you get to know which coins are best for long term and short term. To start woth, just go to coinmarketcap.com and check what are the top coins and go from there, choose which coins you want to start with trading.
Its not a knowledge but it is the best teacher mistake from your trading experience. No which of the knowledge because anything that is related to trading is best for you to learn and apply, try to explore the strategies that will fit for you in what ways you're good at and practice more. Knowledge to be acceptable for all the circumstances is the best you can get. Jump to: