What would be your recommendations when trading crypto?

[romero121]

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits. 

Every trader is not successful in maximizing the profits, there too it needs luck as well we need to be in close observation over the price movement. More users without knowing much about trading bitcoin to other altcoins involves and ends in loss. So to avoid such scenarios one could get into the trading of bitcoin to fiat. After gaining some experience and profit can move to the other forms of bitcoin trading.

[harizen]

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  

Actually your trading experience is enough and you don't need any books or other resources to make you a much better person on trading world. Like you said you already doing trades in several years for now. Just continue and continue and continue but make sure you are learning out of that loss. Even professional traders today still suffers loss.

Since you already experienced losses, why not asked yourself sone questions. Why did I lose? What did I do? What shit I execute? What part I did gone wrong?

Learning from mistakes is a must because our built experience is nothing if we doesn't minimize the loss for a long run. It will take time of course.

[Pursuer]

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits. 

for resources to learn the general things about trading you can use any online source that is teaching trading in general, there is not much difference between trading bitcoin, altcoin and forex or even stocks market.

but as a suggestion I can say that you should always make your own trades and never listed to other random people on the forum especially those who are obviously only supporting a particular coin. you can see their history  to find out how much shilling they have been doing.

[BitcoinPC]

Your experience tell you the secret of the trading, i am not believe on it, that you can learn from the other person's experience, If we tell you that do the trading in this way, So i don't think that you can earn from trading, because your own experience tell you the best secret of trading. So get a knowledge and start it just for a experience.

[HeroCat]

Just choose crypto, which price will go up in short & medium term, for example EHT, Monero. Then check the market, and buy at low price and sale at higher price. The most important thing would be to choose right one crypto currencies - nowadays it is not so easy. Also check all crypto market trends via this link - https://coinmarketcap.com/ 

[Red-Apple]

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

if you are doing well, don't be so hard on yourself and instead just try to continue the same way and only find out where you have been going wrong and fix those.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits. 

use google a lot and search for everything that you have a question about. and also try to read sites like investopedia that has good information on trading.

[rekinthis]

my advice would be to avoid every new crypto as much as possible, as sometimes they are scam, and sometimes they be dead after week so better to don't buy them

[Abiky]

Thanks everyone for your replies and advice. Everyday, I learn something new and even though I've lost sometimes, I have managed to learn from my mistakes and try different strategies. Until now, I have been sticking with buying a coin at a low price in one exchange, and then selling it at a higher price at another exchange. It not always works but when it does, I make a good amount of profit. 

use google a lot and search for everything that you have a question about. and also try to read sites like investopedia that has good information on trading.

Thanks mate for your advice. I have found out that Investopedia is a great resource to learn more about investing, trading, and everything related to finance. I like the simulation feature of Investopedia where you can "virtually" trade stocks and practice more about trading and investing. 

[SmartIphone]

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits. 

There is no book that tells you the secrets of trading, from my experience (which is not a lot but not small too) you learn more by doing.
Trade yourself (without bots) and analyze a lot the most traded coin on the exchange you plan to trade.

buy the rumor sell the news. buy red sell green.

This is the traditional quote that we should buy low and sell high but this does not work every time because we are not lukcy 100%
So before making such a decision we should make a deep research and estimate if it worth buying or not and the luck is another part.

[ipanks]

first, you will need to take a look a market and see what coins have a middle and fast movements. after that, select one until four coins to choose and watch the order sell and order buy. don't forget to take a look in market depth to see the position. if there are a way for wide different the price and you are ok with that, then you can start to make order buy but i think don't put to high or all in when you buy for first time, make little buy to make sure the trend is really down.

[abugseuf]

i will only recomend you that if you are a new trader then you should only do trading with a little amount, as you need to get experience in trading and only then you can make good profit from trading.

[Maesters1-]

i will only recomend you that if you are a new trader then you should only do trading with a little amount, as you need to get experience in trading and only then you can make good profit from trading.

yes i am also agree with you that trading with small amount is really good and less risky, you can get experience if you trading with little amount, and when you get some experience then you should go for trading with big amount.

[PsursV]

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits. 

Every trader is not successful in maximizing the profits, there too it needs luck as well we need to be in close observation over the price movement. More users without knowing much about trading bitcoin to other altcoins involves and ends in loss. So to avoid such scenarios one could get into the trading of bitcoin to fiat. After gaining some experience and profit can move to the other forms of bitcoin trading.

but you can get experience in crypto trading if you are exercising it therefore you should invest to trading with little amount so as to get experience in trading, and luck is also important factor for successive trading there is no doubt about this.

[Viyamore]

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits. 

Yes that is the mkst basic buy low and sell high but it isn't just about you will buy low amount or cheap coins in the market make sure you have research the kind of altcoins you pick to invest know something about it ..its application ,uses and plans to be in the future .

You need to know more about .
Super cheap buying,
Newbies and Pro traders moves ,
Pump and dump scheme .
How to get along with these happenings.

No.1 is to handle your emotions it is the no.1 enemy of traders.

[TastyChillySauce00]

i will only recomend you that if you are a new trader then you should only do trading with a little amount, as you need to get experience in trading and only then you can make good profit from trading.

yes i am also agree with you that trading with small amount is really good and less risky, you can get experience if you trading with little amount, and when you get some experience then you should go for trading with big amount.

well it's indeed good because it's having low risk because when you lose you will only losing such a small amount of money but when it's about profit and time,it's for sure very bad,only wasting time because the profit you got is very small and the profit will be cut off by the fees

[Abiky]

Yes that is the mkst basic buy low and sell high but it isn't just about you will buy low amount or cheap coins in the market make sure you have research the kind of altcoins you pick to invest know something about it ..its application ,uses and plans to be in the future .

You need to know more about .
Super cheap buying,
Newbies and Pro traders moves ,
Pump and dump scheme .
How to get along with these happenings.

No.1 is to handle your emotions it is the no.1 enemy of traders.

Thanks for the advice, mate. It has been very helpful to me to know about this when doing trading, especially about the pump and dump schemes which most alt coins have. I'm looking to take advantage on altcoins which have a very low price but have good trading volume as well, in order to practice doing this with very little amount. 

but you can get experience in crypto trading if you are exercising it therefore you should invest to trading with little amount so as to get experience in trading, and luck is also important factor for successive trading there is no doubt about this.

Great! Thanks for your reply. I usually practice trading with the amount of coins that I earn via a faucet, in which, no money was needed to invest into but it serves as a good method to practice trading. I think that it is all about studying the market movements and you will become successful doing it if done the right way. 

[drnash85]

Treat crypto like you would treat your retirement account or 401k.

[ronaldo40]

i will only recomend you that if you are a new trader then you should only do trading with a little amount, as you need to get experience in trading and only then you can make good profit from trading.

yes i am also agree with you that trading with small amount is really good and less risky, you can get experience if you trading with little amount, and when you get some experience then you should go for trading with big amount.

well it's indeed good because it's having low risk because when you lose you will only losing such a small amount of money but when it's about profit and time,it's for sure very bad,only wasting time because the profit you got is very small and the profit will be cut off by the fees

not so bad for doing that for us in the learning process to gain experience. because the result is not too important. but when you already have a lot of experience was well worth doing trade with large amounts also to obtain greater profits.

[Abiky]

not so bad for doing that for us in the learning process to gain experience. because the result is not too important. but when you already have a lot of experience was well worth doing trade with large amounts also to obtain greater profits.

Agree. As long as you invest and trade wisely you can minimize the risks of losing a huge amount of profits. I always like to do arbitrage trading, but it doesn't work all the time leaving my buy orders on the exchange for quite some time.

Now, I'm practicing trading stocks at the virtual simulator from Investopedia in order to use the same skills obtained in cryptocurrencies. 

[mirakal]

My recommendation is that you only trade what you can afford to lose, choose an asset that is highly popular and you can see that on the volume, there are no specific asset that I have to say here because that depends on the trader itself on what caught up his interest.