how to trade efficiently?

[mega]

If you never did mistake it mean you never tried,Risk factor every where involved we can not finish it but we can minimize it by pre study and knowledge of trade and after practical experience no matter if you did g you will learn from it and in future will avoid past mistakes. Just keep going on never stop will reach the goal.

[Japinat]

If you never did mistake it mean you never tried,Risk factor every where involved we can not finish it but we can minimize it by pre study and knowledge of trade and after practical experience no matter if you did g you will learn from it and in future will avoid past mistakes. Just keep going on never stop will reach the goal.

Make sure you learn from your mistakes because if not you will keep losing money and that is not good, it's better to quit when you cannot improve and look for other venture that would give you profit. Trading is risky for a reason, we need to set up a capital and we gamble it, therefore we have to be cautious with our decision and always ensure that we carefully analyze everything to minimize the mistakes.

[faithupgrade]

I am not a pro-trader. But I usually trade altcoins via its USDT pairs. Trading coins on BTC pairs sucks. I usually follow my coins from Twitter. If theres a big event then it will produce a greate output on its USDT pairs.

Try the coin's USDT pair, sometimes even the coin is down on its BTC pair. USDT pair keeps kicking butt.

Ok so you need to encash the altcoin? Just convert the coin into BTC.

[MirandaGreen12]

First of all you should keep in mind that day trading is quite risky for newbie traders, you can loose everyting in a moment. It's better to have a long-term plan, choose some coins and wait for profit. Trading is some kind of gambling in many ways. The same degree of risk, you should be really cautious and intelligently analyze how the trend goes, then you will make more profit.

[farwellbit]

Trading is HARD, not gonna lie. you need to be self tamed before you can actually trade because i am very sure you will loose money in the process to be a pro trader.

Everyone loses money, this is not a big deal. Profits and losses are the part of game just as winning and losing. So don’t get afraid of this, it may happens. Sometimes you are going with much losses been you are dealing in bitcoins and sometimes time will give your profit out of nothing. Trading is not that much difficult, it only needs a focused concern and hard work.

[NJB18]

First of all you should keep in mind that day trading is quite risky for newbie traders, you can loose everyting in a moment. It's better to have a long-term plan, choose some coins and wait for profit. Trading is some kind of gambling in many ways. The same degree of risk, you should be really cautious and intelligently analyze how the trend goes, then you will make more profit.

Seriously? Trading has the same risk to gambling? You do know gambling casinos have house edge with land based casinos having higher.

[Soksuci]

Set a target, always do that then your trading will be profitable

[Genemind]

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.

To trade efficiently, it is imperative to establish and maintain a range of standards on when to trade and to hold. There should be a limit as to when you trade and when you have successfully traded and yet sees the value grow more, do not ever look back and regret. Just be happy that you have earned during that trade rather than getting upset.

[bamb]

Trading is very engaging, trading efficiently however required skills and dedication! There are two ways you can approach your trading:
1. You can study everyday traded coin and make profit trading it.
2. You can research a coin with solid tech and support and buy to hold for long term!
If you take second approach to trading, always buy your coin when it dips and if you are going to hold for very long, don't buy so much of the coin.
You can aso use trading software and tools like ALGORY.IO multi functional tools for trading cryptocurrency.

[nl247]

Trading is HARD, not gonna lie. you need to be self tamed before you can actually trade because i am very sure you will loose money in the process to be a pro trader.

Everyone loses money, this is not a big deal. Profits and losses are the part of game just as winning and losing. So don’t get afraid of this, it may happens. Sometimes you are going with much losses been you are dealing in bitcoins and sometimes time will give your profit out of nothing. Trading is not that much difficult, it only needs a focused concern and hard work.

Sure, everyone loses money and even pro traders do, nevertheless, losing a lot of money due to the inability to learn or looking for some shortcuts, while trading with no strategy is the worst thing to even do. A lot are doing these and which is why unless they keep getting lucky which is not always going to be possible, then such a person will just keep losing and never be able to trade efficiently. It is an extremely volatile market and it can be crazy when you are making the wrong moves, but you just have to learn and be smart to avoid those huge losses.

[dianalevchenko16]

did anyone try simdaq? it seems to be an artificial trading platform, that teaches trading trough gamification
https://simdaq.com/

https://bitcointalk.org/index.php?topic=2413752.0

[darkywis]

Observe the flow of the coin and research on it.
Put some stop loss on your trading in case of severe dips.
Be patience and don't panic.
Stay away from the HYPE groups because the announcer and his close friends only benefits from the pump.

[Mr.Junker]

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.

I agree with all of you, maybe the points are almost the same, hold coins for a long time, by doing monitoring, and do research for all coin that we will support, the need to do research is to guarantee the continuity of the coin .... for how much can we do? invest we do not half to be all out, to get maximum results as well, in fact when will end up to hold only we know.

[St4yInTh3D4rk]

The basic rule in crypto trading is buy low and sell high so you need to analyse the market always and need to choose some good coins and some volatile coins as well because they will make huge price bump in very short time so you can trade them at that time to have more profits.
But in trading many people will wait for the big trades but you need to do more small trades which is good than doing one big trade.

[hritevanz]

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.

Trading is a process of buy and sells which is popular for the businessman. Analyzing how the market works for sure will help a lot in order to get informed about how to become a good trader. The basic rules on how to trade efficiently has been said by many people here on the forum and for me, you should read them because some expert out there is trying to help you. Based on my friend’s experience from trading, dealing with this has a great risk.

[Gabb]

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.

You're right. Each trader has different ways of focusing their trading strategies according to their investor profile, but in my opinion the most important aspect of trading is undoubtedly money management, as well as the discipline to stick to your rules at all times and emotional control to make your decisions only and exclusively guided by reason, leaving emotions aside.

[ChrisSand]

I think the simple virtue that most traders have in doing an efficient trading is PATIENCE. Having patience being composed in any situation makes all traders profit more and more likely will not commit any mistakes.

[wayancrypto]

Control your emotion and dont over trading but keep focus analysis the market. Over trading only make tired and finally we can not control emotion and also will be greedy. And also dont forget always patience and thinking twice to get better price when buy any coin.

[chris200x9]

First of all you should keep in mind that day trading is quite risky for newbie traders, you can loose everyting in a moment. It's better to have a long-term plan, choose some coins and wait for profit. Trading is some kind of gambling in many ways. The same degree of risk, you should be really cautious and intelligently analyze how the trend goes, then you will make more profit.

Seriously? Trading has the same risk to gambling? You do know gambling casinos have house edge with land based casinos having higher.

He is not talking about house edge but he is trying to say that if one don't manage their trades properly then they got a high chance of losing money similar to gambling. I do agree that particularly in day trading because in day trading no fundamentals will work, prices can go in both directions means it is a guessing game similar to gambling. But if you buy some good coins and hold them until it goes up then it is a different method.

[Babebottle]

I do not understand how you define efficiently, i usually buy and hold for a while, if it goes up then i would sell some of it.