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Topic: which skills anybody needs to learn to start trading t exch (Read 125 times)

hero member
Activity: 2604
Merit: 816
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You need to have skills to start trading because trading is not just buying and selling the coins, but it is related to how you can know the right time to buy the coins. It will more complex to start trading, you need to analyze the coin, and you need to allocate some money to buy the coin. But if you want to buy the token, you can buy it directly from the platform. If the token already enters the market, then yes, you need to analyze the token to find the right time to buy and sell. You can learn trading from many resources here, or you can google it to find what you need. The thing that you should remember is you need to practice what you learn so you can get more information and you can improve your skills.
sr. member
Activity: 896
Merit: 267
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trading skills needed about token buy & sale & crypto coin buy & sale?

That's why it is a skill because you need to learn it by yourself. That's why many people failed in trading, because they think that someone will show them the secret, there's none, it pure hardwork, hours and hours of reading and studying the market movement. Of course, along the way you will lose, but the experience that you can get can be very useful in the end. Google is your friend, or try to search this community.
Just like the known saying, experience is the best teacher and you cannot learn it from anybody, experience is learned through personal struggles and hardwork, yes about the study of the movement of price and nature of each token is just one and can be teached by anyone to you but the method of your approach to that situation and how you will react to dump and pump of coin is unique so i suggest to the OP that you try to read the good books for trafing and then explore yourself.
hero member
Activity: 2632
Merit: 544
trading skills needed about token buy & sale & crypto coin buy & sale?

That's why it is a skill because you need to learn it by yourself. That's why many people failed in trading, because they think that someone will show them the secret, there's none, it pure hardwork, hours and hours of reading and studying the market movement. Of course, along the way you will lose, but the experience that you can get can be very useful in the end. Google is your friend, or try to search this community.
legendary
Activity: 3080
Merit: 1131
trading skills needed about token buy & sale & crypto coin buy & sale?
They are just the same either you do trade a coin or token- theres no much difference with that even if you do compare forex/stocks trading it do have the same concept overall.

Newbie on trading? as in 0% knowledge? Then try babypips.com if not then ill advise that you should trade up and search up everything on coin you are tending to buy but if you do plan
on trading up top alts or btc itself then i dont see a problem.

Skills? Just focus on your trading style, risk management and emotion handling.
sr. member
Activity: 2800
Merit: 344
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trading skills needed about token buy & sale & crypto coin buy & sale?
You can read this one buddy...
https://hackernoon.com/what-you-need-to-start-crypto-trading-a-four-step-guide-49a2310d5dee

A simple 4 steps will help you to mitigate in crypto trading.

And one thing could help you to fully understand how trading is going to work is by sending personally yourself into it. Having more experience in trading will teach you a lot more than a thing that you've learned from reading and youtube tutorials. But pf course, learning to this it won't be instant, you'll need to spend a lot of time in order to fully develop your mind and as well as your strategy.
sr. member
Activity: 966
Merit: 260
trading skills needed about token buy & sale & crypto coin buy & sale?
The only piece of advice i can give you is to try to look up for information yourself. You can actually teach yourself how to trade and avoid waiting to be spoon-fed. There are lots of Youtube channels and Blogs that have nice guides and tutorials about the different trading basics, strategies, indicators etc. All you have to do is make full use of your search engine and have the will to learn.

There's a lot of truth in the above comment. The thing is that as harsh as it may seem learning is better from own experience. That said you really need to get your hands dirty, in the sense that you need to do a lot of ground work research and find out what works for you because people on here might give you ideas about what might or may not be working for them but the thing is that it may not apply to you at all. So you have to spend some time and money to learn yourself.

Also, you can't trust that everything will work for you because from my experience it almost never works!
copper member
Activity: 1960
Merit: 1638
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trading skills needed about token buy & sale & crypto coin buy & sale?
The only piece of advice i can give you is to try to look up for information yourself. You can actually teach yourself how to trade and avoid waiting to be spoon-fed. There are lots of Youtube channels and Blogs that have nice guides and tutorials about the different trading basics, strategies, indicators etc. All you have to do is make full use of your search engine and have the will to learn.
full member
Activity: 1106
Merit: 166
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trading skills needed about token buy & sale & crypto coin buy & sale?
There is not much of difference with trading a token or coin,because the only goal of the trader is to sell for higher price than the purchased price.Understanding about how trading works is much indeed for everyone who wishes to start trading and also the need to know how to differentiate the scam and legit exchanges then the fundamental and technical analysis.
hero member
Activity: 1498
Merit: 586
Cryptocasino.com
trading skills needed about token buy & sale & crypto coin buy & sale?

If you buy a token, you shouldn't deal quickly but scrutinize the platform of where you'll going to be part with a desired crypto project. Nowadays is very hard to trust unto something that we're not really familiar with. Buy and sell of token from an ICO isn't practical idea because it might suddenly crash down due to panic from other holders who has no proper study on their investments.
jr. member
Activity: 1218
Merit: 1
trading skills needed about token buy & sale & crypto coin buy & sale?
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