Which knowledge is important for crypto trading?

[Hamphser]

It should be knowing how to identify what's legit and what's not. Reading many threads on these forum gave me many ideas to filter those scammers. Imagine that if you got hyped in a coin and you go all in but you never knew that it's a scam from the start so having that knowledge is very helpful.

We should really be careful on hypes, sometimes thy are just manipulated so better have idea in what project it is, there are many paid people who are hired just for a while to make it hype.

We should really keep an eye to this matter which we do mostly believe on this hypes when we do still new on trading field on where people do make such claims which aren't true and just purely hyping up a coin will really convinced you to buy such thing. Crytpo trading do really require lots of knowledge on your surroundings and you should really be wary about those false informations circling around.

[noictib]

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 actual no one knowledge will work for you for the trading Because all will depend upon your experience that how much time you spent in cryptourrency and frommhow long time you are in cryptourrency Field Because knowledge is that thing which tell you that what you need to do .
Normally a basic thing that you should have is patience ( don't get panic and don't go for the sell of your coin at loss ) , make attention at many coin , this means you need to see yourself which coin is fluctuating in which price range and after that make buy at down and sell at high .
And also at any point if people are getting back then you should start to go ago and buy those coins Because panic sell are the time are the opportunity to make investment and sudden profit .

[BlasterS]

I think the best knowledge which is the important the most in trading is learn the basic concepts in our industry.
Learning the basic concepts will provides you a great foundation and a guide to make appropriate decisions in all kinds of circumstance.

[angrynerd88]

Being full time trader must know the history of crypto currency and mainly focus on those where you invest.Learn about market and be update with news keep eye on indirect factors which effect on the market.

Do not invest at one place divide your capital for investment it will help to minimize the losses.

[budz0425]

Being full time trader must know the history of crypto currency and mainly focus on those where you invest.Learn about market and be update with news keep eye on indirect factors which effect on the market.

Do not invest at one place divide your capital for investment it will help to minimize the losses.

All of those things written here in this thread is true but for mo most important thing in life is to share our knowledge to those people who are willing to learn but having a hard time learning about cryptocurrency, don't limit themselves in doing so, make them believe that their life will also change by simply doing this one. We should be noted that we should not live alone, so if you have the chance to change other people's life do not hesitate.

[shimbark123]

You just need the basic in order for you to succeed in trading cryptocurrencies. What I meant by basics, is that you need to set your goal in trading especially if you are a newbie. For example, in day trading, you gain 10%, by that you can now TP out.

[jostorres]

For me of course how to trade and how to do it good. but the thing that will change you trading experience if you control your emotions. because if not you will be scared mad when trading which can affect dramatically in you trades.

A calm mind is the key to success in this risky profession of trading because it enables a person to take right decision on right time, which is all that trader needs to do. It is not possible to avoid failure forever which means there will be a time when loss will occur. The bad effect is many give up after coming across this situation and sell out their coins. That is why it is said over and over again to show patience while crypto trading.

You need to learn number of things before even stepping into the world of crypto trading and even after you get in this stuff as this is the only possible way of your safe survival and it will help you in having something good. The thing is you need to learn things like that of chart analysis, knowledge about different kind of coins and most important control over your own emotions in order to make wise decisions.

[GeniusAko]

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 this forum are important. You can use all of the information that you learned for you to find a way to earn more money. If you want to become successful trader, then you should find a way where you can improve your skills.

[RakknRoll]

I think the most important knowledge that you need to know is the basics and fundamentals; since these information serve as a very vital role in your decision making skills in trading.

[ilya_gr]

I think the best knowledge which is the important the most in trading is learn the basic concepts in our industry.
Learning the basic concepts will provides you a great foundation and a guide to make appropriate decisions in all kinds of circumstance.

What do you mean "basic concepts"? Everybody talks about Basic thing, but how does it help for profitable trading?
The first thing you should know according to this market is psychology, because you guys usually loose your money while professionals win during "red days", you can just read topics on this forum during these days to make sure. So if you know everybody`s mind, you could take profit very easy.
And what about basic concepts, how does the knowledge about technical part of bitcoin or some alt will help you to trade succesfully?

[bubble pop]

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 strategies of a successful trader is the most important knowledge to acquire for me because if that happen you have the capability to know which coins you will buy and on how the coin behave because that is hownit works you will just monitor hownthe coin behaves and if you now that they are the right coin to buy and sell then that is the rught time to waut for their drop and buy them just for example bitcoins if they drop they will surely rise again so a lot of people buy bitcoins even if they are falling just some things like that.

[speedy1987]

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 very first thing is you should observe and analyze the coin which you are going to buy it. You must know all the information about that coin. Then you should keep on updating yourself with what is happening in the cryptoworld. You should never go with the guesses, all your trading should be done with proper analytical prediction

[btcformula]

Do your study first before jumping in.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.

[Bdstar]

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...

At first, You have to control your emotion in order to make money from this platform. You must take every step very carefully. A lot of crypto research you will find in this related website and media. So you can take help from those platforms. Not only that but also verifying a good ICO you need to consult with a crypto expert since you are a newbie to this platform.
Frankly speaking, there is no basic knowledge regarding this issue. You have to gather a lot of experience by reading materials or sharing ideas from expert people. Mind it, Luck is also an important factor for this issue.

[mega]

First of thoroughly study of market and coins you are going to trade,It will clear your vision that which coins are best for long term and short term.Study of chart and awareness of internal and external factors of market helps to take right decision of buy and sell.Psychological skills need for successful trading like patience and control the emotions helps to take right decisions.

[Weawant]

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...

At first, You have to control your emotion in order to make money from this platform. You must take every step very carefully. A lot of crypto research you will find in this related website and media. So you can take help from those platforms. Not only that but also verifying a good ICO you need to consult with a crypto expert since you are a newbie to this platform.
Frankly speaking, there is no basic knowledge regarding this issue. You have to gather a lot of experience by reading materials or sharing ideas from expert people. Mind it, Luck is also an important factor for this issue.

The emotion is the most critical one should really need to be practiced to handle by traders since if they are always been beaten by theirselves they could lose more, But if they could learn to handle it well the tradings skills will came out and traders could earn for longterm goal or doing some wiser decisions on their trades.

[Roachgo04]

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 basic knowledge you need in crypto is the technical and fundamental analysis. These two analyses are vital for your investment or trading success. Aside of knowledge there more important things you need to learn in cryptocurrency and that is the virtue of patience. Many people became millionaire because of this virtue.

[Savemore]

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 are a beginner so you should learn first all of the basic knowledge about cryptocurrency. You can't make profit from cryptocurrency if you don't have knowledge about it. If you want to become successful person, you should focus on how you will improve your knowledge.

[jonahhex]

I think the first is the community of coins to be purchased. If the coin you are going to buy has a good community. then the coin is a good coin. Next you only need to find the coin information from the community, usually the coin will go up if dev will make a new project concerned with the coin. But this way is for long-term investment. And hereafter is patience. you must be patient in trading (patience is the key to success in trading

[Birin016]

Most important to got profit from trading cryptocurrency is "Do you can control your emotion?" . We must be patience for do it trading when we want got a profit. Because if you can't control emotion, we can hear FUD and be panic then do panic sell. Panic sell just cause loss. Just patience and calm about fluctuative price in market. Dont be Panic if price go down.