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glowing10
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October 03, 2017, 04:12:35 AM |
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One of the best pieces of advice I've gotten would probably be to take profit. When a trade is going well and you're up a couple percent you always feel like it can go higher. Don't submit to this greed. Dare to take profit.
The best way is that you should always determine the profit at which you would sell at the time of purchase itself . So when you acheive that target sell it and in case if you feel that market will still go up should keep small amount of coins for future rest can be sold . In this way you will get profits out and also keep some small part for future too . |
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infinity33
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October 03, 2017, 04:18:12 AM |
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The most important things in crypto is updated news because crypto currencies is decentralized things so all of the price is based on market, so when you see a lot of people demand that coin, then big percentage that the coin will going up, chart and technical analysis will help you to predicted the lowest and highest price possibility, the theory is like that, but in reality there are so many things to be consider and so many things that can suddenly happen
always check an update on what happen on the market there is so many way but agree with that being updated is a must anything else not just in trading like when joining for some campaign when you are updated you know if it is success or not and for trading when you know all things that are happening in the market you can now decide which coin you want to trade. |
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frowsiter
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October 03, 2017, 04:59:31 AM |
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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...
Go for the swing trading in the initial stages as it is the most easy stuff for newbie trader. It's simple bug at low and sell at high game which you can win if you find some good coins. Try to trade top most linked coins on the exchanger which will be shown on the different exchanger itself. If you mid them then just nite them die and again wait for the opportunity to buy at low. Repeat this for every coin that you think is potential coin. Not only this but you can also try copy the experts on the forum. Keep an eye on the people about what coin they are speaking about and also join the pump groups who will artificially pump the coin for getting profits. This might be confusing to understand at this point but you will get feel for everything soon. |
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giveen
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October 03, 2017, 05:33:14 AM |
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There are so many things that people don't do in trading they think that they know everything about the price , support level breakout point etc but you see them screwing up in abritage you should at least know some basics of how coins work we see many people complaining their eth transactions don't get credited. You should atleast know some features like eth smart contract how it's valuable to the future or xmr how will non tracing coin be helpful in future.
Second important thing is exchange many go on yobit with 10 btc and pump the price it surely increases but no one is there for dumping and they lose everything. Many don't check the trust factors also they see no kyc that's it I'll use this.
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prashanta
Copper Member
Sr. Member
 Offline
Activity: 728
Merit: 250
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October 03, 2017, 07:27:39 AM |
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Most probably everyone should read about any coin real time update this is the most important for trader i think. Secondly should know graphchart info for valume transaction about anycoin. And have to follow recent price histry as well.
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yugyug
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October 03, 2017, 07:45:37 AM |
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Crypto trading is quite different than stock and forex trading due to its very volatile, it is very rare to see an altcoins that has a very minimal price fluctuation like the one for Ripple XRP token. Top 10 coins are good for long term investment, the best coin to trade and to play are the ones on the ICO or any alt coin who have less than 1 dollar value, except for XRP. Always watch the ICO list and ANN thread about ICO on which coin to buy. Trends and bandwagons are the basic knowledge about crypto trading but it all lies in your own hands which one fits for you. Or you may try to read my post about coin buying guides for this month of October here : https://bitcointalk.org/index.php?topic=2231991.0 , this might also help you decide which one should you trade. |
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BobBct
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October 05, 2017, 12:01:13 PM |
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For me it would be the patterns because you will have a bigger chance of earning or not loosing that much money when trading which is a big thing.
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monica69
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October 06, 2017, 10:20:29 AM |
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one aspect that you would like to be updated to is the news about the coin. A coin that has a real value would eventually go up in price even if there are FUDs every where about it like bitcoin but it can be applied to other altcoin as well. Its recent developments, how active its developers are and what is the purpose of the coin would give you an idea if the coin would be valuable in the future. This would be the fundamental analysis.There are so many things that people don't do in trading they think that they know everything about the price , support level breakout point etc but you see them screwing up in abritage you should at least know some basics of how coins work we see many people complaining their eth transactions don't get credited.
Second important thing is exchange many go on yobit with 10 btc and pump the price it surely increases but no one is there for dumping and they lose everything.
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waser12
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October 06, 2017, 11:06:22 AM |
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probably the most important thing to understand is that there are no guarantees and stability...
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Eternu
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October 06, 2017, 12:54:09 PM |
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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...
Most important thing in cryptocurrency world is information. We all know that knowledge is power, and we can put information in knowledge section. From that we can learn that to be successful in cryptocurrency trading you need to follow news, to do a research of market and many other less important thing. Maybe most important thing would be controling your emotions. Emotions can lead you to wrong conclusions and deeds. Stay calm when trading or doing anything else. As far as making profit is concerned, as long as your sell at higher price, higher than you paid, you will make progress in your trading profession. |
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Burks
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October 06, 2017, 12:55:14 PM |
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probably the most important thing to understand is that there are no guarantees and stability...
The most important knowledge you need to get is that you need to set goal of how much profit you want to earn.And another important thing is that you need to invest how much you can affoerd, because sometimes you will lose your bitcoin too in trading process so always be aware investment capital is an excessive amount you have it don't use your important savings.Try to learn from your own mistakes . Don't only depends on the guesses try to understand that concept of trading. |
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bitcoinisbest
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October 06, 2017, 01:05:24 PM |
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probably the most important thing to understand is that there are no guarantees and stability...
You need to have very wide knowledge about the different countries how they manager and treat cypto currencies. Because if any bad news come from major countries it will directly have impact on the demand and price of the coin. So overall knowledge about the market, forecasting and technical analysis will help you to judge and do trading along with the investment in right type of coin. |
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marcbitcoins
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October 06, 2017, 01:05:49 PM |
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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...
You should learn the golden rules of trading before you joining any trades my golden rules are: 1. Make peace with your losses so they wont disturb you future. 2. What other people think of your trading is non of your business. 3. Don't compare your trades to others because comparison is the thief of joy. 4. The Only person in charge of your success is you. 5. Stop thinking so much sometimes you just need to take action. |
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haroldtee
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October 06, 2017, 01:22:55 PM |
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5. Stop thinking so much sometimes you just need to take action.
So many times I have found myself doing this. Thinking too much on a trade, trying to see whether it is the best time to get in or get out of the trade and eventually finding out that I was too late. Once one is sure of what he or she is doing, the most important thing is to stick with your decision and take a step immediately. If things did not go out as planned, your strategies will help you to know when to get out and all still balls down to making quick, good decisions. Thanks for this statement buddy! |
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Fireblade
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October 06, 2017, 11:54:41 PM |
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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...
Most important thing in cryptocurrency world is information. We all know that knowledge is power, and we can put information in knowledge section. From that we can learn that to be successful in cryptocurrency trading you need to follow news, to do a research of market and many other less important thing. Maybe most important thing would be controling your emotions. Emotions can lead you to wrong conclusions and deeds. Stay calm when trading or doing anything else. As far as making profit is concerned, as long as your sell at higher price, higher than you paid, you will make progress in your trading profession. Emotions are definitely a main element you need to control while you are trading because sometimes people make wrong decisions being emotional. This is then hard to defend and fortify your position. Coming towards the things, which are required to be known by you before you buy the altcoin? 1. Check for the software and the nodes etc. that are supporting the altcoin. 2. Check the market cap of the altcoin. 3. Check the trading volume of the altcoin. These are the things that will help you and make it easy for you to whether to invest in a certain altcoin or not. With the help of the above mentioned things you can easily determine the future any altcoin, if it is gonna survive or dump. |
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creeps
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October 06, 2017, 11:57:01 PM |
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When you are doing trading with cryptocurrency you must be updated everytime for any news about the token simply because the price moves every seconds well for me everything about trading must be consider so you cannot loose big money.
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gabbie2010
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October 07, 2017, 12:54:00 AM |
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News had been the focal point of cryptocurrencies trading, of course news triggers it's volatility, you just have to be alert and be conversant with news.
More so, you will have to study those coins very to know the profitable ones among them and make sure you invest with the amount of money you can afford to lose, don't use all all capital for trading at a go.
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el kaka22
Legendary
Offline
Activity: 3696
Merit: 1166
www.Crypto.Games: Multiple coins, multiple games
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October 07, 2017, 02:07:27 PM |
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The knowledge of controling emotions. Some newbies can't control their selves from greed. And because of greed they lose a lot of money. It is important that you must be in control even the situation is unfavourable to you. Learn to control emotions. Also some traders are just buying altcoins based on people's opinions which is bad because they might wrong. Learn how to analyze things first. What's the reason why you buy that particular coin? 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. Do your study first before jumping in.
That initial level of emotion cannot be ruled out for every newbie no matter how they try. Over time, experience will teach them lessons on how to end up controlling such emotions whether loosing or winning. That temptation will just come until you start realizing they are not worth it and start discarding the emotion bit by bit until you find out you are gradually trading like a pro and making even more without the emotions. |
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Edrian
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October 07, 2017, 03:21:57 PM |
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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 think most expert would say that if you wanted a lot more profit you should a lot of daytrading. Study candlestick etc. FIRST IS TO KNOW MECHANICS OF COURSE. But I think the most important information in trading most specially in alternative coin aside from bitcoin is study the information and platform that this certain coin have. Choose a coin that you think has more potential in the future most specially if you have been aiming on long term holding of a certain coin. don't just believe on someone that would say that 'hey this coin will go to the moon, you should buy it', almost most holder will say something like that on all the coin they have. In short don't believe on just someones'speculation/ Learn to speculate a coin by yourself. See if their dev are active, if the road map really leads to a productive activities. After investingtune in to the news about them. I think he news are important to trading, most news are manipulating the price and you should subscribe to crypto-news to be updated. |
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bitbunnny
Legendary
Offline
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
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October 07, 2017, 04:19:04 PM |
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If you want to trade altcoins that is not easy like it seems. There are so many altcoins and it's hard to decide which would be the most profitable. That is the situation where experience helps the most. So you will not become good trader over night, it might take even a year before you learn enough about market, patterns and you will definetely suffer some losses before you get the profit.
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