Which knowledge is important for crypto trading?

[swordling143]

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 the most important knowledge to have in crypto trading is to always know whether it is the right time to trade or not. I'm sure that a lot of traders still do not figure out and ask questions whether to trade or not. We all need to have standards that will tell us whether to trade or not. Otherwise, we will just keep on waiting until we fail.

[francis2]

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.

Trading is really not a very long process when you consider the little time of probably some weeks of dedication to learning and years you will be making good profits, then I will say it is just the best thing so ever to do. Some people however are always just too lazy or consider trading as something you can just start experiencing and learning on every mistake. One would have finished losing everything before realizing.

I disagree if you think you are going to become a master trader in just a few weeks you are wrong you could dedicate your whole life to trading and that will still not be enough, trading is a very deep subject and only those that think already know everything are the ones that are going to fail at trading.

[Soranith]

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.

Trading is really not a very long process when you consider the little time of probably some weeks of dedication to learning and years you will be making good profits, then I will say it is just the best thing so ever to do. Some people however are always just too lazy or consider trading as something you can just start experiencing and learning on every mistake. One would have finished losing everything before realizing.

I disagree if you think you are going to become a master trader in just a few weeks you are wrong you could dedicate your hole life to trading and that will still not be enough, trading is a very deep subject and only those that think already know everything are the ones that are going to fail at trading.

Yeah there is no shortcut to become a good trader we have to constantly study and learn from our trade and even if you are already been trading its not still assurance that you will be successful in every trade.

[kumara]

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 need to develop the ability spot trends and which coins fit into those trends. Think of it like when certain clothes become trendy to wear everyone it seems wants to wear the same one's. Investment is no different. It all comes down to momentum.

[francis2]

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.

Some coins are even dead because the developers never really had much interest in really letting it survive while some were just scams. This is why it is always very important to read much about the coin most especially if it is not well known and still has some low market cap.

If you can hit the right coin with a good team and a good project, it is always very hard for you not to see them give you good profit at the end.

This is why the most important thing in a project are the developers, there are going to be rough times and you need the developers to have an attitude of never giving up, if they do the project fails, but if they keep struggling the project may become something big in the future.

[kyl0r3n]

I think the learning about pumping and dumping signal is the most important knowledges that we have to know at first.

[proTECH77]

Before going into trading, one need to be groomed with the dos and don'ts of trading. As to the above question, every knowledge is important as far as trading is concern. You just have to acquaint yourself with the basic principles.   

[Smarty14392]

Don't buy coins just because they are increasing in value pretty fast. Find out ways to figure out whether the coin is just being pumped and dumped.

Even in real life asides trading, if you do not have any knowledge on something, you are bound to fail on that thing. We all went to school and we did some bit of learning and examinations to test what we have learnt. Without reading and understanding, one ends up failing woefully.

It is just the same thing with trading, hitting the charts to trade is like writing an exam and if you do not know the right answer (which is your decision in this case), nothing can help to succeed.

[blckhawk]

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...

Well, my indication on what coin would be the best to trade is it volume, because I do believe that the higher the volume is the more profit you will have. In order to become successful in crypto trading first you must have gain more knowledge about this certain topic and try to ask some help from the veterans. Just remember the basic which is buy low and sell high.

[Drizzlepistol]

i think that you have to  analyst charts and follow the news in the coinmaket to make pridictions for the going up or going down of the price to buy or sell

[bribed]

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...

In order to decide which coins to buy you should inform yourself about the fundamentals of a coin. There is no knowledge needed about cryptotrading in general. You must evaluate which coins do have potential and which dont. An already working product is a great indicator for this. However if you plan to start daytrading you must also learn about technical analysis in order to be a successful daytrader. Being able to read charts is a must in this case.

[desi92]

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 am also beginner in crypto trading so it is very difficult to make sure wheater we will be successfull or not because we can just do our best effort to do it. About success or not is not problem at least we have tried.

As newbi, by altcoin with big news and holding it, i am sure we will have profit.

[meyklove]

Hold your coins for 1-2 weeks or more. short/day trading is more risky compare to holding. Control your emotions, don't panic, put some stop/cut loss in every trade you do and don't be greedy.

[IgniHash]

Forget it about Technical Analysis. I can say the most important things is to practice controlling your emotion. Another skill will useless if you do not take care your emotion properly.

[cryptoglam]

I think you really need to understand how it works and what it impacts and try to see a whole picture of what's going on but be emotionally ready for sudden changes

[gabmen]

I think you really need to understand how it works and what it impacts and try to see a whole picture of what's going on but be emotionally ready for sudden changes

Right. First before any technicalities, you have to know yourself. Emotions taking the better of your judgement may be a big mistake. Then you have to extensively study the coins and their backgrounds before investing so you'll not end up investing in shitcoins.

[AjithBtc]

I think you really need to understand how it works and what it impacts and try to see a whole picture of what's going on but be emotionally ready for sudden changes

Right. First before any technicalities, you have to know yourself. Emotions taking the better of your judgement may be a big mistake. Then you have to extensively study the coins and their backgrounds before investing so you'll not end up investing in shitcoins.

Before getting into crypto trading its a must to have a long study about the different assets that were under selection for the purpose of buying or for investment. As in the above quote it can be clearly known about the particular coin through the analysis using the growth charts. More accurate the prediction about the growth, more will be the profiting.

[zemb]

You need a lot of knowledge in trading like be patient, being a researcher and use some tips and strategy. Making a research you can know what is the best coin to buy because you read a lot of information of different coin

[Racekid]

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...

Setting Goals
If you wanna be a successful trader, you've to learn to set achievable goals. You've to state when you will take profits and set your Stop loss. And most importantly, doing your due Diligence. When you research about a project and you are really sure of it, be rest assured you would reap good profits. Without setting up goals, you're going nowhere

[PrinceCaspian]

You should focus in improving your knowledge about technical analysis compared to fundamental because technical analysis is like understanding the language of the coins because you can understand if they are going to fall or not and that is a great advantage in crypto trading and as a crypto trader.