Which knowledge is important for crypto trading?

[iqlimasyadiqa]

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...

The most important knowledge is about the coin you are going to buy. it will determine how you will take the decision because when we can choose the right coin then our chances to get profit will be greater. while when we choose coin wrong we will be very difficult to be able to gain profit. you can see that the right coin is a coin that has an opportunity to experience an increase in price.

[eaLiTy]

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.

Most of the said trading groups have a biased opinion and you wont get to know the best investment opportunity always,make sure you learn about the project before investing your money and there are some good coins in the altcoin market where you could invest and i am sure when the alt coin market recovers you could get a good profit,make sure you invest only in top coins and not in hyped coins.

[PORN_coin]

steadiness
stress resistance
ability to wait
concentration

it is these qualities and skills that are important in my opinion

[Rashid555]

for crypto currencies it is important to have knowledge regarding bitcoin and other currencies because these are the things which can be traded in this market. for help you can ask from the experts which are available in the forum as well they will properly guide you and also you can make good decision by your own easily like in the other tradings we can make good decision as also this can be done easily crypto currency knowledge is must for this trading.

[newwest]

steadiness
stress resistance
ability to wait
concentration

it is these qualities and skills that are important in my opinion

Holding is the biggest thing that you need to  know first. Also knowing the international market and news will help you invest rightly in the right coins.

[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.

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.

I meant to ask something like: Is there any software monitoring that noise or do you make manual searches on different social medias?

[rodalutor]

For me when trading I like to watch the markets first for a day or more, and pay particular attention to a few coins that I am interested in, this will allow you to see how the market moves and start to notice some trends. I do not use huge levels of technical analysis but instead feel for how a price will change over time.

[Clark05]

You need a lot of knowledge in trading like be patient , being researcher and use some tips and startegy. Making a research you can know what is the best coin to buy because you read a lot of information of different coin and you see some comments and thats good because you will build Idea if this coin have potenti to increase in the future or not.

[peter0425]

Research, research and research. Since you are going to invest with out real money, its better to look at the coins you are going to put your hard earn cash. It's better to do some background checks like historical logs, recent news and other parameters before making your moved. Sometimes its better to also used our common sense. I see others just invest because someone says so, it should not be. Used your common sense and better judgement and let listen to FUD because when you do that, you can't do anything when the price just drop down and lost all your money in it.

[madwica]

For me just learn how to avoid greediness because this is one thing always make investors loose its capital avoid also to but shit coins if your capital is limited. I will recommend to buy bitcoin and ethereum because these two are surely profitable by just holding it for long period of time.

[richardsNY]

For me when trading I like to watch the markets first for a day or more, and pay particular attention to a few coins that I am interested in, this will allow you to see how the market moves and start to notice some trends. I do not use huge levels of technical analysis but instead feel for how a price will change over time.

Just keeping an eye on the market, and especially when it comes to altcoins, won't do much for you. Their markets could look insanely bullish one day, and turn into a complete bear hole the other day. It's fine and all if you are looking to gamble on a pump or whatever, but luck isn't something you always have on your side. In most cases people just look for certain events that are planned, and then act in advance of the actual event, which again is more or less a gamble since you don't know how that market will react at that time. If that event doesn't happen for whatever reason, you'll be seeing your calculated profits vanish very quickly. It's basically also what happened with people buying Bitcoin in advance of the planned hard fork -- result is exactly the same

[babyshaun]

What you need to know about crypto trading is how it can raise the price of their Coins. You will learn how to read roadmaps they will find here what they intend to do and how it will run on the market. So you will have more knowledge here and you can get rich here. Just be patient and read all the news

roadmap is not enough to based the price of coins... much better u need technical analysis in trading like candles stick and hear the news about the coin some people he making a huge group to hype the coin be aware the hype coin even are you newbie..

[gabmen]

What you need to know about crypto trading is how it can raise the price of their Coins. You will learn how to read roadmaps they will find here what they intend to do and how it will run on the market. So you will have more knowledge here and you can get rich here. Just be patient and read all the news

roadmap is not enough to based the price of coins... much better u need technical analysis in trading like candles stick and hear the news about the coin some people he making a huge group to hype the coin be aware the hype coin even are you newbie..

Well you'll need both. Knowing how to read candlesticks has helped a lot even for stock traders. I think you just have to be aware of what's going on in the crypto world since many pumps and dumps are influenced events so you have to keep yourself updated

[anga3636]

In the terms of exchanging is far of procedure to learn,we have such a large number of things alway's do's and dont's .in exchanging we should watch the drifting and improvement of venture of which coins must have potential in the market,second,we must figure out how to foresee when and where should we put resources into the sort of stages that less administration fee,thirds is to purchase less and offer high,and in conclusion we ought to have a patient to hold our benefit in the midst of a few issues happen in the realm of cryptocurrency,like this coming segwit2x hardfork.

[carlisle1]

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 started trading without proper understanding about profiteering?how did you manage to trade while you know nothing?just wondering what coins have you traded..being a full member means your not a newbie so you have read most of the advices here in thread.

As what have always mentioned here that READ MORE TO LEARN MORE.before going into battle your weapon must be ready.so stop trading for a while and invest your time to make research to all prospective coins and digest to a smallest details of each for you to find what is better

[Heyyyrenz]

You can try searching about the coin, different reviews about it, background of the team member and the concept of the project and if you think it's gonna click or gonna trend then you buy it also there are some sites that rates the coin it may also a big help. And to answer your question i think the most important thing into cryptocurrency trading is that you have a "Presence of Mind" why? We all know that some people are panicking when their coin or where they invested drops the price if you really study the coin well you're going to have faith on it or in your decision.

Precense of mind is important once the coin drops price you should really think what isthe best way. Is it to believe in the coin or cut your lose.

[MAJICOIN]

The knowledge which is important for trading is the trading knowledge. The traders have knowledge about the correct time of a crypto currency when they are willing to purchase for profit. The important thing for us is the practical experience of trading because from this we can examine that is trading profitable for now or not.

[gribble]

The knowledge which is important for trading is the trading knowledge. The traders have knowledge about the correct time of a crypto currency when they are willing to purchase for profit. The important thing for us is the practical experience of trading because from this we can examine that is trading profitable for now or not.

Yes the trading knowledge covers
1. Analysis technical to find the trend of price digital coins up trend or down trend, it is usefull to prediction of price, about the analysis technical lesson can found on the video via YouTube, it is more clear than just be explained by writing.
2. Management of money and risk in trading activity, we must have planning how much the target of taking profit and stop loss base on the analysis technical.
3. We must take control emotions in trading activity, so always follow the rules of trading be made by our selves, it will help us when the price has huge volatility due to we have trading plan before entry the market.

[zxl912157]

I found many similar questions about this. Is this coincidence or is it real?
they are not looking for answers and prefer to keep asking, whereas everything related to trade is here and in some other media like youtube and google.
I can not give any answer, just an immediate suggestion of practice and learning from experience. if it fails keep trying and learning.

[djselery]

You need a large knowledge about crypto currencies in general, and especially about trading before investing in this world. You have to read and get learning about the most successful crypto currencies, or tokens to trade, how to choose them, and how to study the chart and the market, when buying and selling and so on.
This forum can help you to get such knowledge because most successful crypto traders are already members of bitcointalk.