Which knowledge is important for crypto trading?

[Quidat]

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

Learning or getting some ideas on experienced traders is just a plus not totally making yourself dependent on them since we do have different styles on doing trading which we would able to identify our trading style along the way.Yes, its not really an easy job since it would really require time and hardwork for you to be able to get the right way on how to do it and making it profitable as we can.

[1Referee]

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

No serious trader will ever bother to provide noobs advice aside from a few tips here and there, and that's if that person knows you. If you actively search for "experienced" traders, you mostly end up with idiots selling you guides/tutorials with information that can be found freely by using Google, and the worst of all is that it isn't of value to starters at all. If you can't figure out the basics yourself (without paying for free to find information), you'll never be able to come anywhere in this market, and that's a fact.

[iffeanyii]

open a twitter account, follow some good guys in that space. do not buy whatever is shilled in that space. take note of the mentioned coins, check out their Github and ensure that their is an activity. ensure it has a low supply. then you keep buying the dip ( buy the silence on crypto twitter and sell the noise). these has worked for me since the month of May 2017

[Rj Manik]

It is really not easy way to know about crypto trading.Because crypto market any time fluctuate.So If you know better about crypto trading then you follow order book, Buyer quantity, seller quantity and daily candle bar updown quantity.Although it is not perfect way or better way but i hope you will known something.Moreover follow crypto news in social media and invest your money feel free.

[jenni161]

open a twitter account, follow some good guys in that space. do not buy whatever is shilled in that space. take note of the mentioned coins, check out their Github and ensure that their is an activity. ensure it has a low supply. then you keep buying the dip ( buy the silence on crypto twitter and sell the noise). these has worked for me since the month of May 2017

How do you monitor noise/silence? I think this is one of the best ideas I've heard for a while.

[1BTC EQUALS 1CAR]

I think what important knowledge is the use of any cypto if it can change anything that what we have right now because most of them are claiming they are trying to solve a problem that does not even exist so we will know if that coin is good for trading or not.

[ultrloa]

open a twitter account, follow some good guys in that space. do not buy whatever is shilled in that space. take note of the mentioned coins, check out their Github and ensure that their is an activity. ensure it has a low supply. then you keep buying the dip ( buy the silence on crypto twitter and sell the noise). these has worked for me since the month of May 2017

How do you monitor noise/silence? I think this is one of the best ideas I've heard for a while.

The noise about the coins is one of great indicator to us to see if the coin is pumping and if there are so many people ranting and pointing for the coin who's moving up for that moment then maybe you can join with them and earn for short time. But be careful since if there's a hype pump comes the dump scheme will be follow on that and make sure that you wouldn't be left holding or else you will bag hold that coin for long time period.

[Rosa Paula]

It is very hard subject to know about crypto trading.Yet If you caught some technic then I think you know some ways to easy about crypto currency.Always see crypto news and follow twitter and telegram.It is very helpful for know crypto trading.

[Nariza]

Making a decisions in trading is very hard for us. specially for those people who can not control their emotions. The best thing you can do is research and read about trading to get some tips.

[EDWARD78]

Other than Twitter, what are the suggested best trading chat groups to join?

Also to the OP, it’s critical to know when to cut your losses, and know when to take your gains. If you find yourself wishing or hoping for a particular movement during a trade, you’re on your way to a quick loss. The factors and signals that get you into a trade and the stop losses/limits you set for yourself to minimize risk aren’t based on emotion. They’re based on research and analysis and you should be so confident in them that you’re willing to risk your money based on that confidence. Trades will turn against you despite your experience but as they do they’ll ALWAYS cross your stop first. Respect your money.

One word is MOST important in trading: Discipline.

[bamb]

There is no silver bullet here. What you don't know, you don't know. I think you may have to spend some time and money to educate yourself about crypto currency. Lean about blockchain, bitcoin, Alternative coin and trade with little money that may help you learn how to trade in the future

[naidray]

Wow, I thought studying about charting and basic trading is already enough. Thanks for the tips you guys posted, this thread is really helpful. I wish I could master the skills that would fit my trading style. Thanks!

Reading or watching tutorials is a really good start, but it's very important to get some hands on experience too.
Start trading with little amounts and pick coins that are volatile (big price swings), you'll get a feel for the market and can apply your strategies immediately.

Also don't forget to make a log of your strategies and the profits or losses it generated.
There are services that offer this automatically though

Most people who have skipped that first part you have mentioned always have themselves to blame at the end.
It is very necessary to read and learn, which is where one would get strategies from, understand how to monitor and do a quick scan of a chart to make decisions and also be able to make buying, selling, profit and loss decisions.

Logs are really very good and they help a lot for cross referencing, which is what a good trader should always make use of.

[Bessta]

It is important to know the basics of crypto trading first to learn the dynamics, then the strategies. You can achieve these by learnjng theoritically and practice. At first you will experience failure but remember that from these failures you will learn snd develop your skills in trading.

[davinchi]

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.

You don’t just seek a particular knowledge in trading, you seek all, everything that it will take for you to become a professional and benefit from trading. You need to be studying every market you show interest on, try to know everything about it and you can be able to tell when it’s in demand, when it will rise and when it will fall.

Know the right type of trading chart to make use of--- especially candlesticks, and the right time to trade. There are lots of things to learn, I’m not a teacher, these are just the basics.

[CGPA]

In crypto trading, you will first have to control emotions.Do not be frustrated if you see a price of a coin that may fall.Because the price of coins will increase afterward.Buy good coins.Of course, we have to hold good coins.Try to always know about crypto.

[Scar69]

crypto trading may be difficult for those not willing to learn new things to be a successful trader u need to increase ur curiosity and learn, research. u will become successful. set rules for urself. andd remember, buy low sell high. rinse and repeat. you will get  there
 

[nasipadang]

You need knowledge of how to get information easily, because the important part is information, once you get the required information you needed, next is knowledge how to read chart and analyze it.

[iv4n]

You need knowledge of how to get information easily, because the important part is information, once you get the required information you needed, next is knowledge how to read chart and analyze it.

Getting good and valid informations is great for every business, but not all of us have good sources for that.
My approach is choose a coin that you wish to trade with, take a look on charts and analyze it. Bitcoin is the best for trading, because bitcoin fluctuations are the highest. Other coins are also good, but you need to know how much profit you wish to make, to set up min and max, min profit is the safest, max always have its own risks. This is daily trading, if you don't have time limitations then buying in dips when prices are red and selling them when they are green will be profitable for you, just target 10-20% profit and you will always make profit, if you wish higher profit you will lose more often.

[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

No serious trader will ever bother to provide noobs advice aside from a few tips here and there, and that's if that person knows you. If you actively search for "experienced" traders, you mostly end up with idiots selling you guides/tutorials with information that can be found freely by using Google, and the worst of all is that it isn't of value to starters at all. If you can't figure out the basics yourself (without paying for free to find information), you'll never be able to come anywhere in this market, and that's a fact.

I followed several trading groups, I can learn a lot from there, Sometimes I also search for information via google, and that can add my insight, so I can know a little about how to read an indicator, Our task is to develop the knowledge we have learned.

[mrayazgul]

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

No serious trader will ever bother to provide noobs advice aside from a few tips here and there, and that's if that person knows you. If you actively search for "experienced" traders, you mostly end up with idiots selling you guides/tutorials with information that can be found freely by using Google, and the worst of all is that it isn't of value to starters at all. If you can't figure out the basics yourself (without paying for free to find information), you'll never be able to come anywhere in this market, and that's a fact.

I followed several trading groups, I can learn a lot from there, Sometimes I also search for information via google, and that can add my insight, so I can know a little about how to read an indicator, Our task is to develop the knowledge we have learned.

Read the full details and ANN threads for any coin you need to trade. Also you should know the upcoming projects the coin has to offer as projects are the key for any coin success.