Which knowledge is important for crypto trading?

[nhattori27]

In my opinion, technical analysis is very important in crypto trading. There are a lot of youtube videos you can watch to learn technical analysis. You should also learn about candlestick.

[ahmad21]

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...

There are two theories as per what you want to achieve if you want to earn a long term return by investment then its better if you study the coin properly by understanding its utility and making out how it will achieve the desired results. Is the team capable and really working or the results are being shown merely on paper. If you want to do trading in short term then its better if you trade in the market after learning technical analysis. Apart from it also make sure that you allocate proper time to current news regarding cryptos. As news are what trigger cryptos to moon not TA.

[bitcoinveda]

For beginners I reccomend to trade cryptocurrencies from Top 10. Do not mess  with little-known cryptocurrencies, if you havn't an insider information...

The points you have made is good ,you need to follow the market really well before investing and understand how things work, the main idea behind it is simple, but for beginners starting with top ten coins means those are high valuation coins that have broken the shell and had a rally, go for low valuation coin with for a small budget and have some experience dealing with it before investing heavily. Right now i would say that it is the best time to invest as the market is on a correction mode for some time.

and right now if we buy bitcoin or altcoins it could give us profits.but some time for tokens/coins with low valuation give us big profits,much people just focus on top coins/tokens.meanwhile other could give them high return.

Finding good one is very difficult in this crypto because every coin seems to be same but the thing we must go with the altcoin for more than 1 years because owners will mention their developments within the year in this way, they can lead the market.

[d1ceplayer]

The technical strength of the team, the history of the members, and the idea of the project are all very important factors, but this requires you to make a thorough understanding of the cryptocurrency before you can judge. I suggest that you first learn some basic knowledge and you can buy some books.

Well, when you re going to invest in Bitcoins, you mustn’t get there without any prior knowledge. Things aren’t that much complex, just need is to make a better plan and homework before getting in the practical field. So as you have said, this is better to judge what you are going to invest and in which you are putting your investment. This can be source of amazing results at the end.

[futureofeth]

For beginners I reccomend to trade cryptocurrencies from Top 10. Do not mess  with little-known cryptocurrencies, if you havn't an insider information...

The points you have made is good ,you need to follow the market really well before investing and understand how things work, the main idea behind it is simple, but for beginners starting with top ten coins means those are high valuation coins that have broken the shell and had a rally, go for low valuation coin with for a small budget and have some experience dealing with it before investing heavily. Right now i would say that it is the best time to invest as the market is on a correction mode for some time.

and right now if we buy bitcoin or altcoins it could give us profits.but some time for tokens/coins with low valuation give us big profits,much people just focus on top coins/tokens.meanwhile other could give them high return.

Before buying we need to learn how to analyse the coins and their development status because most of the companies are cheating people without any potential developments. So before investing, we have to keep track these things for our investments.

[royale143]

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...

First and foremost, the important thing here is to choose the coins you want to focus on trading. Not every coin is the same and some of them are more suited to day trading or quick trade and release style, and some of them are better for trade and hold style, where you get a coin and wait for some time before you release them for profit. After than, check how other seasoned traders do their business, you can first copy their styles and strategies until you can apply your own style, they are not good traders for nothing. As you gain more and experience and knowledge, then it would be easier for your to device your own strategies.

[parthgajjar]

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 that market sentiment is still the biggest influence on trading results. You can see that this is a new market, and many new investors have no experience entering the market, for which reason the market becomes very unpredictable due to the psychological barriers that come from investors. If you have a plan that does not have enough psychology to do it, then you will fail.

[Kunlejoe0]

Self inclinations and self method of which you will have to develop over time for your trading activities. These abilities are the skill that take time to perfect and it will eventually make you money. Just continue to trade and learn.

[EinWert]

In trading crypto ... It is sometimes really hard hard to see which one has the biggest potential in the market where you can unvest your money... But maybe all you have to do is tathered some info and researches about tge orogress of those different crypto for you to choose which one do you preferred to used

[Webberson]

There are certain knowledge one need to acquire before going into trading. But the once that i think are important are; having a general knowledge of the market - on how it works; risk management and dealing with emotions while trading.

[Hassan02]

In my opinion, technical analysis is very important in crypto trading. There are a lot of youtube videos you can watch to learn technical analysis. You should also learn about candlestick.

it is quite true that in trading it is the most important it is to learn technical analysis so that we can avoid the name of the loss. and not only that it must be needed in trade, we also must have a great sense of patience and of course also of course

Learn every each kind of what could be some of the best what you can do for while youvare in trading this is not as a easy task to do for but this is some if the basec thing to be learned here in this trafing.

[sethme]

First of all, basic understanding of blockchain technology thouhg. Second, there is neccessary to keep an eye on industry and projects. IMHO it will allow you to analyze fundamentally. By the way you need to learn the ropes of technical analysis

[Xerox101]

Which knowledge is important for crypto trading, for me the best knowledge are those ideas you gain from those experienced traders that alreaady encountered many tradings, thus it will helps you on your trading on how to handle it properly.

[Ewox]

For me experience is the best knowledge when trading cryptos because you get to learn more about the coin and you get to know which coins are best for long term and short term. To start woth, just go to coinmarketcap.com and check what are the top coins and go from there, choose which coins you want to start with trading.

[--DarkSecrets--]

For me experience is the best knowledge when trading cryptos because you get to learn more about the coin and you get to know which coins are best for long term and short term. To start woth, just go to coinmarketcap.com and check what are the top coins and go from there, choose which coins you want to start with trading.

Its not a knowledge but it is the best teacher mistake from your trading experience. No which of the knowledge because anything that is related to trading is best for you to learn and apply, try to explore the strategies that will fit for you in what ways you're good at and practice more. Knowledge to be acceptable for all the circumstances is the best you can get.

[yvesp110]

Which knowledge is important for crypto trading, for me the best knowledge are those ideas you gain from those experienced traders that alreaady encountered many tradings, thus it will helps you on your trading on how to handle it properly.

I would be a plus point if you have a practical experience in the crypto world along with market information about the current prices, the speculated prices and the time to sell or buy. Having the knowledge to hold for a specific time and sell again makes the difference between a mature and immature mind. Finally some knowledge about the finance and crypto models is also important.

[cryptoblue]

If you want to do well in crypto trading then you have to learn technical analysis. There are videos about technical analysis on youtube, wathch those, they would be helpful.

[Altcoins enthusiast]

To become a successful trader you must be ready to learned on how to trade professionally! What people did not no is that trading is not a job for every one and you must be ready to spend time in understanding when an asset or coins is at the buying face because what must newbies are doing is buying into coin at the selling face.

[jostorres]

It's not really knowledge but controlling your emotions and not getting caught on the hype of a bull run.

Actually trading deals with decision making. In short term investment or day trading simply, people start with decision making and the whole day, after every moment, they are making some decisions based on their selling and buying strategies. So better is to work out on this characteristic because if this become lose, everything would be losing and you are ending up with nothing.

[morrisby25]

You don't need to have much knowledge in other for you to start trading crypto,  all you need to know is the knowledge of how to switch between coins on exchange, how to set buy and sell orders and also how to read the trade chart in other to see if there might be a pump or a dump in the coin in which you are about to buy. I think this is the main knowledge you need to have before you involve yourself in trading.