Which knowledge is important for crypto trading? - page 7.

Bdstar

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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...

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.

btcformula

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Do your study first before jumping in.Make a research and don't just believe what others were saying here because they're might be people who shill their coin. Most of them are just pump and dump coins.

speedy1987

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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...

The very first thing is you should observe and analyze the coin which you are going to buy it. You must know all the information about that coin. Then you should keep on updating yourself with what is happening in the cryptoworld. You should never go with the guesses, all your trading should be done with proper analytical prediction

bubble pop

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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...

The strategies of a successful trader is the most important knowledge to acquire for me because if that happen you have the capability to know which coins you will buy and on how the coin behave because that is hownit works you will just monitor hownthe coin behaves and if you now that they are the right coin to buy and sell then that is the rught time to waut for their drop and buy them just for example bitcoins if they drop they will surely rise again so a lot of people buy bitcoins even if they are falling just some things like that.

ilya_gr

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Quote from: BlasterS on February 13, 2018, 10:05:16 AM

I think the best knowledge which is the important the most in trading is learn the basic concepts in our industry.
Learning the basic concepts will provides you a great foundation and a guide to make appropriate decisions in all kinds of circumstance.

What do you mean "basic concepts"? Everybody talks about Basic thing, but how does it help for profitable trading?
The first thing you should know according to this market is psychology, because you guys usually loose your money while professionals win during "red days", you can just read topics on this forum during these days to make sure. So if you know everybody`s mind, you could take profit very easy.
And what about basic concepts, how does the knowledge about technical part of bitcoin or some alt will help you to trade succesfully?

RakknRoll

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I think the most important knowledge that you need to know is the basics and fundamentals; since these information serve as a very vital role in your decision making skills in trading.

GeniusAko

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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 this forum are important. You can use all of the information that you learned for you to find a way to earn more money. If you want to become successful trader, then you should find a way where you can improve your skills.

jostorres

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Quote from: KalaiBTC on February 10, 2018, 05:40:20 AM

Quote from: BobBct on February 06, 2018, 08:24:32 AM

For me of course how to trade and how to do it good. but the thing that will change you trading experience if you control your emotions. because if not you will be scared mad when trading which can affect dramatically in you trades.

A calm mind is the key to success in this risky profession of trading because it enables a person to take right decision on right time, which is all that trader needs to do. It is not possible to avoid failure forever which means there will be a time when loss will occur. The bad effect is many give up after coming across this situation and sell out their coins. That is why it is said over and over again to show patience while crypto trading.

You need to learn number of things before even stepping into the world of crypto trading and even after you get in this stuff as this is the only possible way of your safe survival and it will help you in having something good. The thing is you need to learn things like that of chart analysis, knowledge about different kind of coins and most important control over your own emotions in order to make wise decisions.

shimbark123

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You just need the basic in order for you to succeed in trading cryptocurrencies. What I meant by basics, is that you need to set your goal in trading especially if you are a newbie. For example, in day trading, you gain 10%, by that you can now TP out.

budz0425

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Quote from: angrynerd88 on February 13, 2018, 11:05:59 AM

Being full time trader must know the history of crypto currency and mainly focus on those where you invest.Learn about market and be update with news keep eye on indirect factors which effect on the market.

Do not invest at one place divide your capital for investment it will help to minimize the losses.

All of those things written here in this thread is true but for mo most important thing in life is to share our knowledge to those people who are willing to learn but having a hard time learning about cryptocurrency, don't limit themselves in doing so, make them believe that their life will also change by simply doing this one. We should be noted that we should not live alone, so if you have the chance to change other people's life do not hesitate.

angrynerd88

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Being full time trader must know the history of crypto currency and mainly focus on those where you invest.Learn about market and be update with news keep eye on indirect factors which effect on the market.

Do not invest at one place divide your capital for investment it will help to minimize the losses.

BlasterS

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I think the best knowledge which is the important the most in trading is learn the basic concepts in our industry.
Learning the basic concepts will provides you a great foundation and a guide to make appropriate decisions in all kinds of circumstance.

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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...

In actual no one knowledge will work for you for the trading Because all will depend upon your experience that how much time you spent in cryptourrency and frommhow long time you are in cryptourrency Field Because knowledge is that thing which tell you that what you need to do .
Normally a basic thing that you should have is patience ( don't get panic and don't go for the sell of your coin at loss ) , make attention at many coin , this means you need to see yourself which coin is fluctuating in which price range and after that make buy at down and sell at high .
And also at any point if people are getting back then you should start to go ago and buy those coins Because panic sell are the time are the opportunity to make investment and sudden profit .

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Quote from: Arkham Knight on February 11, 2018, 02:54:29 AM

It should be knowing how to identify what's legit and what's not. Reading many threads on these forum gave me many ideas to filter those scammers. Imagine that if you got hyped in a coin and you go all in but you never knew that it's a scam from the start so having that knowledge is very helpful.

We should really be careful on hypes, sometimes thy are just manipulated so better have idea in what project it is, there are many paid people who are hired just for a while to make it hype.

We should really keep an eye to this matter which we do mostly believe on this hypes when we do still new on trading field on where people do make such claims which aren't true and just purely hyping up a coin will really convinced you to buy such thing. Crytpo trading do really require lots of knowledge on your surroundings and you should really be wary about those false informations circling around.

CoachCarter

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Every people should learn the basic concepts since this concepts are very vital in your decision making, they guide you in the right place to avoid the loss of your funds.

burner2014

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Quote from: Arkham Knight on February 11, 2018, 02:54:29 AM

It should be knowing how to identify what's legit and what's not. Reading many threads on these forum gave me many ideas to filter those scammers. Imagine that if you got hyped in a coin and you go all in but you never knew that it's a scam from the start so having that knowledge is very helpful.

You are right, we can really rely on those information that is available here in forum, so for me knowledge is really an important thing for us to be able to become successful. All of the things that we want can achieve by starting to focus what we want so that we can absorb the knowledge that we want as knowledge is our foundation for everything, with this we can develop our skills and our own strategies in life.

Arkham Knight

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It should be knowing how to identify what's legit and what's not. Reading many threads on these forum gave me many ideas to filter those scammers. Imagine that if you got hyped in a coin and you go all in but you never knew that it's a scam from the start so having that knowledge is very helpful.

leviathon

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More than knowledge, you require skills. Skill to have patience is very important. And not stressing over temporary dip.

rangnatht

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As I think about it for Crypto trading their are few things you need to know before investing in any altcoin. First you have to know all the details about coin that you want to buy it.. For that things the best place is coinmarketcap. Through coinmarketcap you are able to know basic information of coin like what is the total supply of coin, website, past price movements etc... Through this knowledge you get some idea that if you should invest or not.. Also you need to do some research about Bitcoin price movements before investing in altcoin because most of the altcoin have a deep correlation between Bitcoin price fluctuations.... So that's also important to learn about it...

In one statement i can say do more research By yourself about crypto word before investing... Because the more you research and learn the more your decision is correct.. And always be patience with Crypto trading...

kolega

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I think you need to start learning the basics of trading. To study the technical analysis tools. Learn how to read charts. Before entering the market, decide how much you are willing to lose. Do not borrow money for trading.

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