Which knowledge is important for crypto trading?

[hersey27]

In trading crypto ... It is sometimes really hard hard to see which one has the biggest potential in the market where you can unvest your money... But maybe all you have to do is tathered some info and researches about tge orogress of those different crypto for you to choose which one do you preferred to used

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[Julia_bitcoin]

I will add a little, it is necessary to understand:
1) Where to invest? (using the CoinMarketCap website)
2) How much to invest? (Invest as much as you can afford to lose)
3) Where is it better to store crypto currency? (to study ways of storing crypto currency, exchange)

[DevilSlayer]

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 the trading world is important. It is true that having a lot of information can make us rich. I using all of the information that I learned for me to make more money.

[Rebisco]

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...

If you are just learning, start out small by just trading one or two coins. I recommend sticking with Bitcoin or a major altcoin until you have time to learn and do research on others. For whichever coin you pick to trade, buy on a dip (drop in price). I also recommend that you don't buy all at once. Put in a buy order for a small portion of your trading balance. When that buy goes thru, the price could drop more, so buy a little more if it drops again. Keep doing this and you can buy through the drop. When the price increases enough for you to make the profit you want, put in the sell order.

I agree to you that we should be carefull if we are choosing an altcoin. We should have a knowledge about what we are investing for us to earn income in the future. I can say that Knowledge is very important factor in the trading world.

[felipe04]

Many of coins become gone because the developer of the coins can't handle so better to search the community of the coins so your invest will have more secure then try to monitor the coins price like the cycle if its high or low in month or weeks then do invest i think most of the coins are have good developer but sometimes even they that the coins still become gone because many bitcoin user not enjoys the coins

[creeps]

For me knowing how to read charts will help you or lead you to earn big money. Although in every aspects of trading are important but if you master reading charts you have an advantage to other people. Knowledge is more important than following any speculation, learn it how.

[Fazlurkhan.kz]

First all you need to have is patience. Trading needs that. A lot. And before buying study everything you can about that particular coin you wish to use for trading. Then take each and step carefully in trading. But you always have to keep researching on that coin. And search for other options if you find the current coin you're using not that good. But don't switch too fast. Everything takes time. In switching too fast, there are chances of leaving a good coin. So as i said earlier, patience is important.
And good luck for trading!

[arpon11]

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 will advise you to start the process of how this market work buy spending time reading what traders are saying concerned there trading on this forum. You should focus your attention on candlestick formation and learned support and resistance in bitcoin and others altcoins pricing. Many have lose their investment by jumping into trade and some even abandon their investment because they don't know were to start. I have been trading forex for long and candlestick formation tell you about all information on the assets you are trading.

[airdagon]

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...

actually the coin crypto coin is not difficult and not easy.
need enough knowledge and often learn.
when the crypto value improves you should be able to strategize and always benefit you.
in this case you should be gradual and should not be instant, especially you have to know your surroundings and you also recognize the first science of trading that exist in yourself .....

[2hot2handle]

You should know about everything from the market to the developer to the product of the coin, you have to follow every step of the way. There are plenty of coins so if you want to know more about it then go to coinmarketcup and look for it one by one. Research about the coin and know more about it.

[Dr.Osh]

Yes, of course. expecting luck alone will not make you successful on trading. even without it, you're just playing in gambling. well, with information, experience, and knowledge, maybe you can master the market, and benefit from it.

[Ayiranorea]

First of all, an mind to observe the market moves is a must, next thing is the patience to keep hold of it and involve into buying or selling of assets at the right time. Another thing is a mind that can accept loss as well wins and should possess self control, because price fluctuations happen quite often during which should not get into panic and make wrong decisions.

[St4yInTh3D4rk]

First of all, an mind to observe the market moves is a must, next thing is the patience to keep hold of it and involve into buying or selling of assets at the right time. Another thing is a mind that can accept loss as well wins and should possess self control, because price fluctuations happen quite often during which should not get into panic and make wrong decisions.

These are all the important skills needed to be an successful trader but i have to add one more point to your skills is that abilty to make decisions at the right time because in altcoin trading the time is important some coins will give high profits for the short period of time so we have to find that coin and investing on it will give good profits.

[Dodoymabs]

First of all, learn how to separate the scams from the deeply underpriced currencies. Then use proper risk management and play the odds.Cryptocurrencies were created by super nerds. You don't need to know how to code, but if you are not good with computers you may want to stay away from cryptocurrency trading, at least until they start building more user friendly interfaces.

[Kiweikoo]

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...

If you want to pick the best coin for trading then i suggest picking major coins such as BITCOIN, MONERO, DOGE, etc but if you're looking for long term trading investment then you need to possibly read whitepaper of the token or projects that you have interest in it 

hard research is what you need mate, its not just because most people bought some coins then you should do the same inside trading you need to use analysis
in order for you to select which coin can be profitable in long run, you need to have knowledge regarding to its plan development and what the project will offer for some useful things inside the chain.

There are lot of things which you need to learn in the world of crypto currency. It is because of the reason that the more knowledge you have, more are the chances that you are going to make wise decisions. In addition to this, this will also help you in having a better idea about the trends of the market.

You need to read the articles related to crypto currency and you also need to have an eye on what all is going on in the market.

[justdimin]

You have to know the cryptocurrency marke, the trends and to predict the future development. I think these are very important things and you can come to that by lot of research and practical experiences. You can't become successful trader over night and there is no receipe how to do it. Probably you will learn the best on your own mistakes but it would be good that they are not to expensive. So not to many theory but lot of practice.

Understanding the market is a very important thing, most especially for each coin one may want to add to his or her portfolio. However, all these does not come without learning, cause the only way to understand the market is to understand how trading is done itself, which would help you to know which coin you want to add to your trading portfolio or not.

I do not deal with much coin; I only look at the possibilities of a coin always doing the trick for me, rather than trying to cut through the whole market, considering the number of altcoins.

[ukboss]

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...

Before start crypto currency trading you should know details of coin market. we suggest at first you analysis coin market then you chose coin which is very ups and down. coinmarketcap you can use for you coin analysis and you must note down which coin and how many movement in 24 hour then you can buy .

[arseaboy]

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...

Before start crypto currency trading you should know details of coin market. we suggest at first you analysis coin market then you chose coin which is very ups and down. coinmarketcap you can use for you coin analysis and you must note down which coin and how many movement in 24 hour then you can buy .

yeah that's the right basis in terms of checking history and how the coin performed, you will be able to catch some anticipation as you assess whether the project has been supported or if its just a pumped and dumped project, you can always check the actual movements in terms of days , weeks or moths in
order for you to make any decision supporting the said coin.

[khan149]

It is up to you to study the depth charts, order books, candle bar charts, daily trading volumes and news cycle to discern the patterns. The price is a composite of this and the psychology of people who don't understand this. You will learn more about day trading this way and more importantly learn to trade/invest independent of the price.

[MURONDI]

if you do not have any trading experience at all, Maybe you can follow the trading signal from a trusted trader master, or follow a trusted group in social media,  trader is not an easy job, you have to learn a lot from experienced traders