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
Yes I observed one thing the professionals in trading they will not choose a reputed coins to make a profit. They will target one shitcoin and make others invest in that coin and afterwards. That is why don't buy any shitcoins if the profit comes late also no problem buy only a reputed coins 
Topic: Which knowledge is important for crypto trading? - page 6. (Read 5180 times)
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. Trading seems simple but it is not a game you can end up broke by doing bad trades. 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
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
I think the crypto market is barely regulated, and can be easily manipulated.
Basic knowledge is an important thing. So start with theory. Then you must choose a cryptocurrency platform. Pay attention to fees and terms of use before you start. You should also take into account that the exchange rate always changes, so you need to be sharp and confident at making decisions. Finally, don`t forget about risks related to trading.
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.
Good question mate. I am sure that you are really imterested and serious in trading.
Well, as new in this, you dont take actions that are not well plan. Always analyze and try to foresee the possible consequences of your future actions.
Dont ever trade big number of coins immediately.
Be cautious always.
Well, as new in this, you dont take actions that are not well plan. Always analyze and try to foresee the possible consequences of your future actions.
Dont ever trade big number of coins immediately.
Be cautious always.
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...
The basic knowledge you need in crypto is the technical and fundamental analysis. These two analyses are vital for your investment or trading success. Aside of knowledge there more important things you need to learn in cryptocurrency and that is the virtue of patience. Many people became millionaire because of this virtue.
I have to disagree with you, learning technical analysis? Are you serious? Take years to really perfect this craft dude. Don't go too technical, just a simply knowledge about reading the trend and graphs will be helpful at the beginning.
I guess the first time someone needs to understand or what is important is to see how the price moves and check your emotions out of the door. You need need to be emotional specially in trading because it will make a difference whether in making profits and specially cutting your losses.
Just to give an addition, you should also develop your emotional aspects because that's important too. In trading, you should have the guts to risk your assets because if you are not brave enough then I'm sure you will not become fruitful since you are scared all the time.
I believe that it's useless even how knowledgeable you are if you don't have the guts to deal with the risky nature of trading.
I believe that it's useless even how knowledgeable you are if you don't have the guts to deal with the risky nature of trading.
I also a crypto trader and a starter myself. Still need to learn a lot about trading but I have laready learned a few while trading bitcoin. First of all, pick a currency to trade. A pair would be grade and you should focus on that, rather trade a lot and have a split attention with all your token.
Study japanese lantern, the graph prediction are really helpful most specially in a long term trading.
Follow all the news about bitcoin or the currency you are about to trade. The main factpr that influence that pumps and dumps of bitcoin is because of the negative and posotive news coming. Mostly these news are negative.
Study japanese lantern, the graph prediction are really helpful most specially in a long term trading.
Follow all the news about bitcoin or the currency you are about to trade. The main factpr that influence that pumps and dumps of bitcoin is because of the negative and posotive news coming. Mostly these news are negative.
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 can't say that there is a certain thing that will help you, a certain knowledge or skill; but for sure everything out here is about experience and luck.
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...
Crypto trading don't differ of simply trading. So there are such rules:
1. To make independent decisions;
2. Have a psychological resistant (always follow selected strategy)
3.To perfect own strategy - self-education and knowledges..
4. To identify the patterns between the economic and political spheres that have a direct impact on the investment market (fundamental analysis)
5.Tecnical analysis
6. Risk assessment
For beginners I reccomend to trade cryptocurrencies from Top 10. Do not mess with little-known cryptocurrencies, if you havn't an insider information...
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 know at least the basic knowledge of trading. Preferably, one should have at least any background from an economics in order to understand the market better as compared to the ones who does not have. Though it is not required for one to have such background, it is preferred as it may result to better results and for risk avoidance. But the primary factor here to consider is the experience of the trader on his field since it hones their talent and skills through the years of working on the actual scenario.
I have some friends who do not have any background with a business/economics degree but they earn large amounts of cash and are also experts on their field.
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 can't say that there is a certain thing that will help you, a certain knowledge or skill; but for sure everything out here is about experience and luck.
Most important to got profit from trading cryptocurrency is "Do you can control your emotion?" . We must be patience for do it trading when we want got a profit. Because if you can't control emotion, we can hear FUD and be panic then do panic sell. Panic sell just cause loss. Just patience and calm about fluctuative price in market. Dont be Panic if price go down.
I think the first is the community of coins to be purchased. If the coin you are going to buy has a good community. then the coin is a good coin. Next you only need to find the coin information from the community, usually the coin will go up if dev will make a new project concerned with the coin. But this way is for long-term investment. And hereafter is patience. you must be patient in trading (patience is the key to success in trading
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 are a beginner so you should learn first all of the basic knowledge about cryptocurrency. You can't make profit from cryptocurrency if you don't have knowledge about it. If you want to become successful person, you should focus on how you will improve your knowledge. 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...
The basic knowledge you need in crypto is the technical and fundamental analysis. These two analyses are vital for your investment or trading success. Aside of knowledge there more important things you need to learn in cryptocurrency and that is the virtue of patience. Many people became millionaire because of this virtue.
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...
At first, You have to control your emotion in order to make money from this platform. You must take every step very carefully. A lot of crypto research you will find in this related website and media. So you can take help from those platforms. Not only that but also verifying a good ICO you need to consult with a crypto expert since you are a newbie to this platform.
Frankly speaking, there is no basic knowledge regarding this issue. You have to gather a lot of experience by reading materials or sharing ideas from expert people. Mind it, Luck is also an important factor for this issue.
The emotion is the most critical one should really need to be practiced to handle by traders since if they are always been beaten by theirselves they could lose more, But if they could learn to handle it well the tradings skills will came out and traders could earn for longterm goal or doing some wiser decisions on their trades.
First of thoroughly study of market and coins you are going to trade,It will clear your vision that which coins are best for long term and short term.Study of chart and awareness of internal and external factors of market helps to take right decision of buy and sell.Psychological skills need for successful trading like patience and control the emotions helps to take right decisions.
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