Which knowledge is important for crypto trading?

[Thanasis]

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.

As you said these knowledge are enough to do crypto trading but our aim through crypto trading is making money so we need some skills to do that,particularly the decision making and technical analysis is the important knowledge need in the crypto trading.

[sgenuine]

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.

Most of the people that are involved in trading and dealing with the cryptocurrency are trying to make their own technical analysis. As I have mentioned it does not work in 90% of the situations, man.

[Jake2134]

I think the knowledge you want to master is of course the first thing to learn or the basic knowledge because that will take a role as a foundation in your trading career.

[bitcoinmasterlord]

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.

As you said these knowledge are enough to do crypto trading but our aim through crypto trading is making money so we need some skills to do that,particularly the decision making and technical analysis is the important knowledge need in the crypto trading.

The process is simple everyone will understand this quickly and all trading sites follow the same method but without having proper knowledge about different crypto coins how can you start trading. So for this, we need some skills and to handle pressure situation patience is a must. If you do not control your feelings then trading will be difficult for you.

[Angelina Jolie]

The main thing is not to sell at the bottom, if the price has fallen you have to wait. The market is cyclical, the price always returns to where it was. Of course, if the project is not a scam, then we need to get rid of it faster

[sonic22]

Rule #1 that should be memorized by any beginner trader should be "Never go all in", regardless of how great potential gains look.

[tbterryboy]

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.

There are so many things involved in crypto trading and that all of them have their own importance. There is no such way that you can skip any of thing and that you need to do lot of hard work to learn all the essential things related to it. You need to learn things like that of chart analysis, market prediction and keeping control over your emotions at tough times so that you can have some better results.

[jiop111]

Most of the knowledge is useless. The most important transaction actually requires a lot of experience. It is more important to gradually accumulate trading experience than any knowledge.

[Alex077]

First of all, the experience is essential; the second is a continued study of news, at least 10 per day and the third - choose only proven coins from the top 10 or 15. Purchases on the market's bottom in order to long-term retention of purchased coins will be a key for a good profit.

[bealjulian]

It is crystal clear that you cannot perform great in trading until and unless you don’t have sound knowledge about the coins you want to trade with. Just reading whitepaper of the coin is not enough for knowing all about the project. We live in an age of modern science where impossible can be replaced by possible. So, there are thousand types of way to know about bitcoin. Because the knowledge is important for crypto trading

[Miracleismyidol]

This is a bad way to start trading you should educate your self first before going to trading. You might see yourself losing a lot of money if you do not know waht you are doing. 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

[alibaba93]

The best knowledge for crypto trading is you must understand how you profit from trading results, how to buy coins when the price is rather cheap and sells when the price is high, nahh from the price difference you get a profit. For me the important thing that you should know when you are in trading. It to be updated about the price of bitcoin.  Because you will rely in that information weather your going to sell or hold a little bit more

[MawanWawan]

As the world focuses on basic cyptocurrency, it seems we understand that bitcoin is one of the new things to invest. So many companies sell coins, but since this is an unregulated industry you have to be very careful. to make money with bitcoin, just buy a coin and wait until it rises in the long run and monitors price movements that make you profit.

[brainape]

I think the knowledge you want to master is of course the first thing to learn or the basic knowledge because that will take a role as a foundation in your trading career.

Crypto trading needs a vigilant mind and basic knowledge of how things work in the crypto business. You must be a good market observer by which I mean you should know when to buy, hold or sell. You must be aware of the business models and strategies of the exchange you sell or buy at. Having some knowledge of finance is also a good thing which would enable you to decide the right thing. These tricks and strategies can be accessed on search engines.

Yes that is right, for a crypto trading it is necessary that he must have good and relavent knowledge about crypto market which can be helpful for them to make money from trading, in fact for getting knowledge about crypto trading one need to study the market regularlty, they should get opinion from their experts and should act according to their advises and hope that after some good time they will surely get a very good experience and knowledge about crytpo trading for making good money from crypto trading.

[waqasniaz007]

There are two important things that are important for crypto trading, Technical analysis and fundamentals, Technical analysis considers the history of a coin with price charts and trading volumes, no matter what the coin or project does. As opposed to technical analysis, fundamental analysis is more focused on establishing if a coin is over or under valued.To get a better idea of technical analysis, it is crucial to understand the fundamental. But unfortunately crypto market depends on bitcoin stability, and work only when bitcoin is stable.

[richcorner100]

You have to understanding which level price called support and resistance area, by know strong support and strong resistance areawill make more easy to decide when best area to buy and sell. That is apart of technical analysis, and beside that should understanding about fundamental of the coins that can increase the demand.

[pelipurlara]

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.

Studying the basic concepts will give you a great grounding and guidance for making the right decisions in all kinds of circumstances. I think the best knowledge of the most important in trade is to learn basic concepts in industry

[jeepuerit]

knowledge for trading should know how to buy and sell, which is the most important, and look at the graph and look carefully at how many sellers or buyers are, as it is also important to invest in lesser value, see the volume whether large or small small.

[Mystika]

it is not easy to become a trader so it is important that you have enough knowledge especially when it comes to crypto trading just before, one of the important trading knowledge is that you know how buy and hold it, especially if the flow of the market is slowly moving.

[bitcoinking11]

In my opinion, technical analysis is very important for crypto trading. On of the important part of technical analysis is candlesticks pattern. You should learn it well, if you want to be successful in trading. There are a lot of candlesticks tutorial videos on Youtube, you can watch those it would be of great help.