Which knowledge is important for crypto trading?

[Potatohead]

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...

Perfect timing through patience would really be an effective way for you to earn better here in crypto. Better know the basics of trading for you to be able to handle every situations here smoothly without worrying or being panic. Be patient and have the willingness to wait for the perfect timing to sell.

[bitgolden]

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.

You have talked here about few of them, but what I believe is, if a person is coming into this field, he must know everything related to bitcoins and their trading. No matter, from which background he is just coming off, he must be learning all the basics and thumb rules and every little information related to this topic. Because this would be letting his trading skills so up within short period of time.

[Chachacoin17]

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.

You have talked here about few of them, but what I believe is, if a person is coming into this field, he must know everything related to bitcoins and their trading. No matter, from which background he is just coming off, he must be learning all the basics and thumb rules and every little information related to this topic. Because this would be letting his trading skills so up within short period of time.

Precisely! It is a very dangerous game beginners or to those who don't cohere to a well-planned method. Having an idea on how to play the game correctly can be an advantage for a gainful result. Never limit yourself to learn the scope and beyond of crypto trading. Better to be well-versed about it to have a full grasp of understanding of what it is, how it works, and more. The more it also gives the confidence and peace of mind because you already have the idea, guide, and flow to follow.

[BCSHonda]

The important knowledge in the cryptocurrency market is how to analyze the market from time to time. This is a point to help investors soon succeed in the cryptocurrency market. You should read a lot of news, press and market updates regularly and continuously to make the most effective business and investment decisions in the cryptocurrency market.

[Ken_1102]

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.   

[Semaj123]

Commonly, we have to know first the basic in trading before getting into another form of analysis.  Crypto are eventually hard to determine its fixed value so holding may take some risk. Trading needs some mathematical skills and have a heart of stone to accept some failures because trading will not always can guarantee to give us good profit.

[SirLancelot]

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.

You have talked here about few of them, but what I believe is, if a person is coming into this field, he must know everything related to bitcoins and their trading. No matter, from which background he is just coming off, he must be learning all the basics and thumb rules and every little information related to this topic. Because this would be letting his trading skills so up within short period of time.

If you talk about the knowledge which you need to have while you are into the world of the trading, then you can’t rely on any single thing as there are so many things which you need to learn and that which you must know to make some good decision which can then help you in becoming more successful trader and to help you earn more money which can give you a chance of having a better living.

[mstfprcn]

if you do not have any trading experience at all, Maybe you can follow the trading signal from a trusted trader master, or follow a trusted group in social media,  trader is not an easy job, you have to learn a lot from experienced traders, may be you can follow some good technical analists via twitter as well.

[Angelic T]

Trading is a matter of time, learning and patience. To start with, get articles on crypto trading and read. After, get some Satoshi and try using them to practice trading. Trading is a matter of practice and studying the graphs to know when to buy at a particular time.

[GawirZZ]

the most important knowledge in the world of crypto is that you must know all the coins including prices, markets, websites, news, and everything related to crypto you have to find out because if you are less digging about crypto you could just fall.

[mudasarali43]

The knowledge about the market condition market trends which condition make effect the other altcoins, The main knowledge is for the coin which you are select to trade, all the news updates and the value and technology of the coin and the trade which is trading all these knowledge is important for crypto trading,

[dab000]

You should constantly read the news about bitcoin and altcoins so that to predict the price change

[kramr]

Trading skills and Behavioral psychology are the important knowledges for crypto trading If you are good at both of them, you will always win the games....

[dynospytan]

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...

For me the important knowledge that you need to gain is to know how trading works. In order for you to earn in trading you must learn how market works and the best coins to buy in order for you to get more profit. For example, coin1 has a lot of volume of traders so therfore this coin1 has a potential to give you a profit. As long as you are a hardworking person you will earn a lot. Or you may try also joining a signature campaign for an extra income.

[Crash21]

I think that you need to know about promising tokens, about market and also be cold-blooded. Everything you will learn in progress would be helpful in future.

[ymirymir]

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...

Patience is what you really need to have here because as you wait and hold, better opportunities will come your way and you might also get a better profit. Just wait and see that the more patience you have, the more reward and profit you'll get. Just choose the best and potential coin for you to hold. Just be sure of the coins that you are using.

[Macmelody]

WHAT A THRILL:
 When BTC was pumping like no man's business it was all over the media all hail btc the ruler of them all, when btc started misbehaving they all changed their mouth oh mehn this is just pure P & D and their came alts with their rich making strategy which could transmogrify one into a state of Orgasmic ecstasy caused by the impact of cupits arrow we were carried away by the motherly love of Aphrodite herself who was ready to take us beyond the moon to Venus itself where she owns and make us feel the joyful ride where 10ripple could buy a Lambo and 1000doge could buy a Ferrari and they said behold alts are bae and cryptocurrency is the future hodl ur alts with your dear life and never sell ur pot of honey to a stranger cos alts were showing us great love from the very bossom of Aphrodite even before the expected time. But when alts cupid flavour was all exhausted and it was time for alts to account to Zeus on how their talents were spent they all turned against alts altering with complete disregard and disrespect for the very ones who gave them blankets during the rain; behold all alts are pure shit, behold all alts have no use case, behold alts have no life on their own beholds 99.9% of alts are shitholes and we even try to proof these with facts that have no connections but I say to u it is just our emotions running and I fully understand how u are feeling cos am feeling it too but how we handle this feelings and emotion is what might be different and remember the resolutions u made now against the next season are temporary and seemingly useless cos till u are able to remake and keep them in the next bull I ain't believing shit about these resolutions. But I have a question for us all, how long did it take btc to reach the current levels/statuesque (2009-2018) and how long did it take alts to reach their current levels. Do not let the present becloud your judgement unleach yourself into the future of decentralization where the current centralized nature of Crypto currency will be no more and I could buy a Tesla 20waves and Lamborghini with 10000CV. If someone after having researched deeply on the Ans(Neo) project saw the potentialities that it weilds bought 500$ worth of neo in May 2017 @0.5$ and hodled for a x100 profit but ended up getting X300 in return after 9mnths, we would say he is an intelligent and patient hodler but if someone bought neo @50$ and hodled for a X10 profit only for neo to retrace (healthy ofcourse) to 65$ after touching x4 from his buy prize we would say he is unintelligent and greedy considering the "Present" but this is our greatest problem we are so obsessed with the present and so we in many cases loose hold of the future, have u ever asked ur sef the question; if everybody panic sold @ the end of a bull run what will be the fate of the Crypto community. Don't get me wrong buying the dip and selling the tip is the summary of this game and we all agree on dat but this idea of if I had done this I would have made made money if I had done dat I would have made crazy cash is all a null and void talks and this idea of making endless resolutions and promises cos of the excitements of the moment is worthless cos resolutions are great but only when it transforms into a character which will it change ur trading carrier and life in general for remember "Character is that which remains after the excitement of the moment is gone".
So just find that intelligent and informed strategy which works for you and stick to it cos remember the past is gone and the present is fading away but the future is yet unshaped and we are the people who shape it.

[shaadsufi]

Analyzing the candles is the most important thing which a trade should learn before starting trading. Because with the candle analyzation you can predict the movement of the coin. Many websites have good videos available for learning candle analyzation you can search on google.

[tamarindbleu]

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.

I think the best knowledge that is really important in crypto trading, is we should should know how to have long patience or off course to became sucessful here crypto trsding, people should always choose a coin that is on top 100 coins.

[denisaardelean]

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. 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