Topic: Which knowledge is important for crypto trading? - page 5. (Read 5180 times)
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.
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.
First of all, basic understanding of blockchain technology thouhg. Second, there is neccessary to keep an eye on industry and projects. IMHO it will allow you to analyze fundamentally. By the way you need to learn the ropes of technical analysis
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.
it is quite true that in trading it is the most important it is to learn technical analysis so that we can avoid the name of the loss. and not only that it must be needed in trade, we also must have a great sense of patience and of course also of course
There are certain knowledge one need to acquire before going into trading. But the once that i think are important are; having a general knowledge of the market - on how it works; risk management and dealing with emotions while trading.
In trading crypto ... It is sometimes really hard hard to see which one has the biggest potential in the market where you can unvest your money... But maybe all you have to do is tathered some info and researches about tge orogress of those different crypto for you to choose which one do you preferred to used
Self inclinations and self method of which you will have to develop over time for your trading activities. These abilities are the skill that take time to perfect and it will eventually make you money. Just continue to trade and learn.
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 that market sentiment is still the biggest influence on trading results. You can see that this is a new market, and many new investors have no experience entering the market, for which reason the market becomes very unpredictable due to the psychological barriers that come from investors. If you have a plan that does not have enough psychology to do it, then you will fail. 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...
First and foremost, the important thing here is to choose the coins you want to focus on trading. Not every coin is the same and some of them are more suited to day trading or quick trade and release style, and some of them are better for trade and hold style, where you get a coin and wait for some time before you release them for profit. After than, check how other seasoned traders do their business, you can first copy their styles and strategies until you can apply your own style, they are not good traders for nothing. As you gain more and experience and knowledge, then it would be easier for your to device your own strategies.
For beginners I reccomend to trade cryptocurrencies from Top 10. Do not mess with little-known cryptocurrencies, if you havn't an insider information...
The points you have made is good ,you need to follow the market really well before investing and understand how things work, the main idea behind it is simple, but for beginners starting with top ten coins means those are high valuation coins that have broken the shell and had a rally, go for low valuation coin with for a small budget and have some experience dealing with it before investing heavily. Right now i would say that it is the best time to invest as the market is on a correction mode for some time.Before buying we need to learn how to analyse the coins and their development status because most of the companies are cheating people without any potential developments. So before investing, we have to keep track these things for our investments.
The technical strength of the team, the history of the members, and the idea of the project are all very important factors, but this requires you to make a thorough understanding of the cryptocurrency before you can judge. I suggest that you first learn some basic knowledge and you can buy some books.
Well, when you re going to invest in Bitcoins, you mustn’t get there without any prior knowledge. Things aren’t that much complex, just need is to make a better plan and homework before getting in the practical field. So as you have said, this is better to judge what you are going to invest and in which you are putting your investment. This can be source of amazing results at the end. For beginners I reccomend to trade cryptocurrencies from Top 10. Do not mess with little-known cryptocurrencies, if you havn't an insider information...
The points you have made is good ,you need to follow the market really well before investing and understand how things work, the main idea behind it is simple, but for beginners starting with top ten coins means those are high valuation coins that have broken the shell and had a rally, go for low valuation coin with for a small budget and have some experience dealing with it before investing heavily. Right now i would say that it is the best time to invest as the market is on a correction mode for some time.Finding good one is very difficult in this crypto because every coin seems to be same but the thing we must go with the altcoin for more than 1 years because owners will mention their developments within the year in this way, they can lead the market.
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...
There are two theories as per what you want to achieve if you want to earn a long term return by investment then its better if you study the coin properly by understanding its utility and making out how it will achieve the desired results. Is the team capable and really working or the results are being shown merely on paper. If you want to do trading in short term then its better if you trade in the market after learning technical analysis. Apart from it also make sure that you allocate proper time to current news regarding cryptos. As news are what trigger cryptos to moon not TA.
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.
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...
Inorder to become a successful in trading,you shouId educate your self first,be sure you are already knowledgeable enough especially in trading, trading is very risky part so no need to rush, it needs a lot of time to make decisions, you should know the techniques and strategies on how to trade.
first buy a stash of bitcoin, and just hold it.
use a small amount to just do play-trades on different exchanges, to get to know the ways.
follow all the news about bitcoin
reddit/r/bitcoin
this forum here
read into the tech stuff a bit as far as you understand, look the technical advantages of alt-coins, the mining properties to get a glimpse of market swings.
like BCH is sometimes more profitable to mine than BTC.
learn to know when these times are, learn how the market reacts and then react according to that.
You're right mate. You don't need to put all your money in one coin if you know that there are some cpins that has potential then place you money part by part or divide your money. For you to profit atleast 3x to 5x. use a small amount to just do play-trades on different exchanges, to get to know the ways.
follow all the news about bitcoin
reddit/r/bitcoin
this forum here
read into the tech stuff a bit as far as you understand, look the technical advantages of alt-coins, the mining properties to get a glimpse of market swings.
like BCH is sometimes more profitable to mine than BTC.
learn to know when these times are, learn how the market reacts and then react according to that.
For beginners I reccomend to trade cryptocurrencies from Top 10. Do not mess with little-known cryptocurrencies, if you havn't an insider information...
The points you have made is good ,you need to follow the market really well before investing and understand how things work, the main idea behind it is simple, but for beginners starting with top ten coins means those are high valuation coins that have broken the shell and had a rally, go for low valuation coin with for a small budget and have some experience dealing with it before investing heavily. Right now i would say that it is the best time to invest as the market is on a correction mode for some time.For beginners I reccomend to trade cryptocurrencies from Top 10. Do not mess with little-known cryptocurrencies, if you havn't an insider information...
The points you have made is good ,you need to follow the market really well before investing and understand how things work, the main idea behind it is simple, but for beginners starting with top ten coins means those are high valuation coins that have broken the shell and had a rally, go for low valuation coin with for a small budget and have some experience dealing with it before investing heavily. Right now i would say that it is the best time to invest as the market is on a correction mode for some time.
Trading in crypto is a risk you must have enough knowledge you must study all the consequences and in trading all you have to.do i guess is to trade a little then.when you succeed in your first attempt and get accustomed with it then continue to trade to have a big profit.
I think the most important think you need to learn in trading is controlling your emotions and know when to take profit or set a cutloss because you think that's just easy but if you are in that situation you can really feel the pressure of not mastering that things.
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