What would be your recommendations when trading crypto?

[Wind_FURY]

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. 

We all end up loosing in trading because our emotions get the better of us. When the prices go up very fast we tend to chase it and buy at whatever price there is available because we are fearful that the "train will leave" without us. Then to only see that a fall in price happens making our trade a losing one. So one trait that would be good to have as a trader is to be calm in the face of the volatile nature of cryptocurrencies.

that is why you should never trade in your life because you are an emotional guy.

a trader should delete any emotional thinking out of his mind and instead starts thinking more logically and like a machine.

That is easier said than done. Even professional traders make bad trades because they also get affected emotionally. We are only human so we cannot really "switch off" our emotions.

and actually that is why many traders use bots for trading because that would eliminate the emotion part.

This is a very good suggestion. Using bots would automate your trade and follow all your orders even in the face of volatility. The limitation of this is your trades will become too "robotic". Some traders trade by feeling the market. It is an art form to them and it has to come with a little finesse. Bots will only ruin their style.

[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.

I have been trading since a long time like 6 months or 10 months and one thing I can tell you, yes experience comes from doing more and more trades, but hey you cannot say books don't teach about trading, I myself have a few that I learn with how to manage when the market is fluctuating and all, though I do not really remember the names and authors.

I'm not saying that the books don't teach us anything but we have to face with the real situation where you "play" with your funds.
And from experience you can gain skills and you think way different comparing with the trading that you started at day 1.

[tabas]

My recommendation when trading crypto is just to think about yourself first. Think that are you sure that you really want to enter trading? And once you decided that you really want it, then make some assumption on how much you are going to invest in trading and lastly, take some time for researching for the strong alt coins that you wanted to buy and trade.

[maydna]

for now, i think my recommendations is what do you want to trade? btc pair altcoin or btc pair usd or btc pair euro. after you decide what you want to trade, then if you choose btc pair altcoin, you need to watch the altcoin you might want to select. this could be by watching the volume of the coins, the order buy and order sell, the market depth, the charts of the market, or the market history.

this can be your option when you want to trade crypto because with you analyze all the thing i mention, you can select which altcoin will be make you profit and you can avoid by selecting wrong altcoin. don't be afraid if you are not profit, just trial and error, and i am sure finally you can be a pro trader like other trader.

[RealPhotoshoper]

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.

I have been trading since a long time like 6 months or 10 months and one thing I can tell you, yes experience comes from doing more and more trades, but hey you cannot say books don't teach about trading, I myself have a few that I learn with how to manage when the market is fluctuating and all, though I do not really remember the names and authors.

I'm not saying that the books don't teach us anything but we have to face with the real situation where you "play" with your funds.
And from experience you can gain skills and you think way different comparing with the trading that you started at day 1.

A theory and real action is same important guys.
You need both theory & real action and apply it at same time to get the best result.
Then the next step is to make a steady profit , targetting a goals and coumpound every profit you got to your capital.

[yakdivine]

The best recommendations for newbies in forex, bitcoin or other arbitrage trading is sound money management. Note: there is know any strategy that work hundreds percent but good money management will save you from bad trade, maximize your profits and lower your risks.

[Supercrypt]

The best recommendations for newbies in forex, bitcoin or other arbitrage trading is sound money management. Note: there is know any strategy that work hundreds percent but good money management will save you from bad trade, maximize your profits and lower your risks.

Yes, money management is more important but it needs to be done along with a better trading strategy.
Because, money management has only supporting role on profit making and but plays a vital role preventing losses whereas trading strategy has the main role of generating profits. But, we never ignore money management as it will help any trader in preventing losses.

[mirakal]

The best recommendations for newbies in forex, bitcoin or other arbitrage trading is sound money management. Note: there is know any strategy that work hundreds percent but good money management will save you from bad trade, maximize your profits and lower your risks.

Yes, money management is more important but it needs to be done along with a better trading strategy.
Because, money management has only supporting role on profit making and but plays a vital role preventing losses whereas trading strategy has the main role of generating profits. But, we never ignore money management as it will help any trader in preventing losses.

Yeah, know how to manage your money and you will have a good chance to succeed in trading, a good money management is something that will help you make consistent profit because you know how to react in tough situation, that is being professional as if you are not you will just trade with emotions.

[Zadicar]

The best recommendations for newbies in forex, bitcoin or other arbitrage trading is sound money management. Note: there is know any strategy that work hundreds percent but good money management will save you from bad trade, maximize your profits and lower your risks.

Yes, money management is more important but it needs to be done along with a better trading strategy.
Because, money management has only supporting role on profit making and but plays a vital role preventing losses whereas trading strategy has the main role of generating profits. But, we never ignore money management as it will help any trader in preventing losses.

Yeah, know how to manage your money and you will have a good chance to succeed in trading, a good money management is something that will help you make consistent profit because you know how to react in tough situation, that is being professional as if you are not you will just trade with emotions.

Managing your  money and  good decision  making and   patience would  really the  key to increase   the chance   of having a  successful trade and as  you said  we  must not  let our emotion   and  temper  would able to control  us  because  these would surely lead  us to make  a fail trade because   in trading   time  is  very  critical  hence  the  movement of price is  unpredictable thats  why we need this  components in able to handle that.

[Golftech]

The best recommendations for newbies in forex, bitcoin or other arbitrage trading is sound money management. Note: there is know any strategy that work hundreds percent but good money management will save you from bad trade, maximize your profits and lower your risks.

Yes, money management is more important but it needs to be done along with a better trading strategy.
Because, money management has only supporting role on profit making and but plays a vital role preventing losses whereas trading strategy has the main role of generating profits. But, we never ignore money management as it will help any trader in preventing losses.

We needed more exposure for us to able to learned how crypto works and what is the best practice that we can do in order to make good profits considering your interest and your actual capability to handle big situation as we knew inside crypto sudden movements is always present so better to learned how to ride with it.

[ekoice]

Trading in Altcoins is a good step for earning maximum profits.It depends upon which Altcoin you choose.You should see the market strategy of that altcoin, its founder who has invested in it and then only you should invest in it. You must see how long that altcoin has survived in the market.Then only, your investment will be secure.If you invest in a newly introduced altcoin, you have more chances of gaining more profits, but at the same time, you may loose your entire investment also.

[serjent05]

Trading in Altcoins is a good step for earning maximum profits.It depends upon which Altcoin you choose.You should see the market strategy of that altcoin, its founder who has invested in it and then only you should invest in it. You must see how long that altcoin has survived in the market.Then only, your investment will be secure.If you invest in a newly introduced altcoin, you have more chances of gaining more profits, but at the same time, you may loose your entire investment also.

I agree because of the volatility of altcoin, it is now the favorite trading grounds of investors.  Unlike bitcoin that someone needs a year to get a good profit, altcoin sometimes only need an hour or a day.  The time is very essential because of the timing to get in the start of a pump and get out at the middle to near the peak of the pump.

[iqlimasyadiqa]

Trading in Altcoins is a good step for earning maximum profits.It depends upon which Altcoin you choose.You should see the market strategy of that altcoin, its founder who has invested in it and then only you should invest in it. You must see how long that altcoin has survived in the market.Then only, your investment will be secure.If you invest in a newly introduced altcoin, you have more chances of gaining more profits, but at the same time, you may loose your entire investment also.

Altcoin be alterantif when the price of bitcoin have very stable rates. plus altcoin just need the capital that is not too much to trade. altcoin is a very wise alternative, we can benefit greatly when the pump against the coin.

[carlerha]

The most important thing in trading crypto is a skill, but patience is also needed in order to make the appropriate action. Most traders difficult to control the emotions that can not make a good profit. Which the most important is to choose a site that truly reliable and not a scam.

yes skill and patient play important role in trading crypto, but to me experience and knowledge about a particular currency is also so much important for a successful trading, if you have some good knowledge about currency in which you are going to trade then the result will be really good.

[choppork]

My recommendation is that you make sure that what you're doing is actually worth your time and effort. Trading is a very unstable job. There are days when you earn a lot but there's a lot of days when you earn nothing at all. If you're impatient, I wouldn't recommend that you even try doing altcoin trading. Just check your status in life and I would definitely recommend you doing work that would surely give you an income instead of doing altcoin trading.

[SmartIphone]

A theory and real action is same important guys.
You need both theory & real action and apply it at same time to get the best result.
Then the next step is to make a steady profit , targetting a goals and coumpound every profit you got to your capital.

You should be super informed what will happen with a coin when trading it.
For example the recent bitcoin price rise we didn't expected so when trading crypto the luck has a high impact.

[JeffBrad12]

Trading in Altcoins is a good step for earning maximum profits.It depends upon which Altcoin you choose.You should see the market strategy of that altcoin, its founder who has invested in it and then only you should invest in it. You must see how long that altcoin has survived in the market.Then only, your investment will be secure.If you invest in a newly introduced altcoin, you have more chances of gaining more profits, but at the same time, you may loose your entire investment also.

Altcoin be alterantif when the price of bitcoin have very stable rates. plus altcoin just need the capital that is not too much to trade. altcoin is a very wise alternative, we can benefit greatly when the pump against the coin.

Waiting about the bitcoin are got their muscle for hit the altcoin into the negative rate or will be decreasing a some of their rate, totally that's the right time for buying any coins, and waiting about bitcoin get their stabilization or no get a pumped and you was be able for selling your altcoins and gain your money.

[JITENDERPAR3]

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. 

my main and successful stretgy which is also recommendation for all .
i will recommend for all never invest all of your money in the particular thing . always distribute your money pr btc in the mamy many things and in small investment ( whether you are in online trading or practical life ) .

[bhadz]

I would recommend that don't just trade because you see the price of bitcoin is increasing. You should learn first the basic of trading, gain some knowledge , read articles and speculations for each alt coins that has the potential to become a good asset. And if you think you are ready then just set an amount for your starting trading, maybe 0.01 bitcoin is good enough.

[hajimasan]

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 trading in crypto is a very tedious task but if we use simple cool stretgy to make trading , then we will get better Profit .
my stretgy is to make trading with many active coins that means altcoin . i ja never tried to make bulk buy of particular coin ,  since i am using this stretgy from 2 week whicj results in 10% profit of my principle .