how to trade efficiently?

[yojodojo21]

Leading altcoins to leading crypto is the best trade, don't try to waste time if you discern that coin you are going to buy is shitcoin it will be a non profitable when going to sell. There are new ICO nowadays the best opportunity to start trading buy best new coin HODL for months and then trade if available in exchange sites.

P.S. trading is risky, you need a numb heart.

[1715300206]

1715300206

[1715300206]

1715300206

[ZenRoy]

1. Read books, watch videos and webinars, make friends with those who know how to trade. 2. Make your own system based on YOUR OWN experience. 3. Stick to that system and never factor in the advice of other people.

Each of us has our own style in trading. Most of the time, it won't make us efficient by copying other trader's style.. It makes us dependent.

[dothebeats]

A very vague and open-ended term, when we say efficiency in trading it covers a lot of aspects: how well one manages to trade without any loss or maximum profit etc. For me, you need to set aside emotions and be able to take risks on high risk, high reward situations. Also, removing the fear when everything goes south is also one way on being efficient because fear clouds your judgment thus helping you to not think clearly.

[wantjokull]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

I think trading with responsibility is first step towards crypto trading. The market is really uncertain and you never know what is dead end here. So of rme the first step is always to limit myself on my trades, limit in the sense how much money I'm putting into it. Only amount which I'm ready to loose and not a single penny more than that.

Speaking about the strategy I will not do much but whenever I see even 2-5% of the profits then I will stop that trade immediately and will grab that profit. So here the plus point is I don't get much greedy about it and just make it happen in single shot so no crying after losing the money. Lolz.

Just simple way of trading can get you big results so its better to work in that way only.

[bitgolden]

My strategy is to set my trading plan carefully and follow it. I will also research the potential coins before jumping into it. I try to avoid pump so that I won’t be dumped on.

It is even very risky trading pumped coins and unless you know there is a possibility of you losing all your funds and then you enter at the very huge dip then you may get lucky, but that is one aspect of trading I really do not fancy as no strategy plainly works for that except the assumption of pumps coming up for the coin based on the period of previous pumps.

It is good to always have a strategy and you just need to apply different strategies for different market based on the charts.

[rysea2]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

not many tricks are done to make trading, the key is to be patient and control the emotions and can know some important information about the market.

[Marrionbitcoin]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

First of all, leave day trading to the bots! Go for longer term trades on recently heavily dumped coins. Don't diversify too much, and don't buy small amounts of a lot of coin. You will end up only with scraps. Concentrate on few well researched coins instead. Hunt down coins with solid, new technology and buy the dips.
And stay away from pump groups. The good ones are closed clubs with rather high buy-in price.

Good suggestions but he can actually make day active trades but depending on how much time he would put up into trading.If time is to hectic then better go for longer terms when it comes on trading cryptos and as being suggested don't diversify too much and it much better to have a few coins but on solid ones rather than on have many but on weaker or doesn't have any potential for long term.This would really matter on how a certain individual would do its just like on researching up important things.

In my opinion, you need to read books and news, watch videos and seek advices from someone who are expert in trading. With that, you can learn the best techniques and strategies from their experiences. When trading Bitcoin, it really depends on your goals, either short or long term. As I have noticed, most of the successful traders in Bitcoin, they go for a long term strategy. As you notice from early this year up to this day, the price of Bitcoin is keep on increasing and if you do hold your BTC, you are now earning much income. Just read the forecast about Bitcoin so that you can make plans. Don't be so impulsive about anything just be calm and think clearly. Don't listen to many people who says without any basis. Just believe in your plans and strategies since you will be the one who will take the risks and not them.

[maianh09]

Psychology is also a problem if you are not good psychology you will lose more than interest in trade. Seriously, analysis is the most important part of a trade that is sometimes incorrectly analyzed but about 70% of the analysis is accurate.

[NuttyOrange]

Trading efficiently would require you to make a system where your trades have a high probability of gaining and lower probability of losing. I think it's called risk:reward ratio.

[goaldigger]

Before going into a war for example, you should know first the status of your enemy , whether to attack or defense. Its more likely in trading. Before investing on that particular investment, first knkw its history and analyze whether its chart are continuesly get high or drops down. Better be for atleast 75% of probability to earn before investing.

[soname12]

I agree with you people are very important. If you are serious about the crypto market then you should research a bit about technical analysis, finding coin information, participating in communities to improve your knowledge.

[appiivenkii]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

Always balance ur portfolio ..never put everything in single basket.if u trust the project and made a research then HOLD on to it..never sell for short term gains in good Cryptos...dont depend on twitter/telegram calls ..market is vast make some time and research..dont get into FOMO

[sana9826]

i think the beat way of trading is for long term investment. not daily trading that will bring you to loss everyday, it's totally high risk. when you do longterm investment, you just need to hold it, when you feel time to sell, just sell as well you get profit more. but you need the best coin to start of good investment. my suggestion is bitcoin, if you interest with another coin to be invested, split your funds into some part portfolio.

[wuvdoll]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

First of all you need understand how risky trading is, because if you do not understand it most likely you will get emotional and be illogical when trading. If you think you can control your emotions when trading then study technical analysis there are thousands of tutorial videos in the internet,  You do not need to learn chart reading specifically in crypto currency chart for stock market and forex are okay because all of them has the same concept. Practice by creating a demo account, do not rush creating a live account. If your trade are  winning in Demo account it does not guarantee that it will be the same in the live account but at least you have some experience in trading.
Diversify but do not over diversify i personally have three to five coins for trading but I am holding a few more on my long term. Also do not listen to some random person in the internet all of has their own motive, you will notice this in social media like facebook and telegram ignore them do your own research.

Really, that is the reason why a lot of traders get emotional and then they panic seriously until they get frustrated to stop trading. I have been there !

There is something that learning gives you, some little confidence to do it well. And when you start practicing all the stuffs you have learned, you start gaining even more confidence in applying them very well until you become a pro. Every pro started from somewhere and rushing would only make it worst.

[Dimonhamon]

In the field of trading, the main thing is to be calm. Do not take dishonest action. You need to start with a small amount to understand how everything works. And to study, study,  study!

[samcrypto]

Before going into a war for example, you should know first the status of your enemy , whether to attack or defense. Its more likely in trading. Before investing on that particular investment, first knkw its history and analyze whether its chart are continuesly get high or drops down. Better be for atleast 75% of probability to earn before investing.

You must equip yourself with a very good knowledge about trading and it can help you earn profit. In trading you will not always win, in order for you to be more efficient you should know the basic thing and study more later on. Trading is very profitable specially when you trade with confident and strategy.

[xuan87]

First of all in trading you must do your own research, I think most of the beginner always take suggestion from the signal trading group, don't believe them 100%, study the market behavior, and always act fast and don't panic, some of the trade need immediate action some of them need a long wait, build your experience and don't afraid of losing money, if you too stressful with daily trading, just trade when you sure you can get profit, you become a professional trader by earning maximum profit not by trading every day

[Jaya912]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

First of all, leave day trading to the bots! Go for longer term trades on recently heavily dumped coins. Don't diversify too much, and don't buy small amounts of a lot of coin. You will end up only with scraps. Concentrate on few well researched coins instead. Hunt down coins with solid, new technology and buy the dips.
And stay away from pump groups. The good ones are closed clubs with rather high buy-in price.

Bot is not always better than us as life people when decide something.
I know bot is not greedy at all, it works based on program but leave trade 100% to bot is daangerous.

[anthinguy21]

I think if you want to earn a lot of Bitcoin or money from trading at the moment, you should try to use some trading bot and trading signal service. You'll received a lot of signal to trade when you used these tool, while you earning money by using bot and signal service, you can also get more trading skills and experience then when you get enough trading skills so you'll no need to use trading bot and trading signal service anymore

[ralle14]

Very good advisers. But how did we know if this coins has a great potential for us to buy more of it. Im just an still newbie at this kind of way. I think I need more advice guys.

You have to know more about the coin. Stick with the big coins like btc eth dash xmr ltc. Never invest on coins you're not familiar with.

Bot is not always better than us as life people when decide something.
I know bot is not greedy at all, it works based on program but leave trade 100% to bot is daangerous.

Have you tried using a bot?  It's not better than us but it can help you with your trading activity. It saves up time because the bot does all the work so you don't have to watch the price for the whole day just to make a quick profit.