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Author Topic: What I Should Know Before i Start Trading Cryptocurrency  (Read 1074 times)
hitrawal91
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March 04, 2018, 02:38:35 PM
 #41

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

For starting the trading business you need to have some trading capital and apart from it, you need to have some sound knowledge about trading. But trading is not about Hold and Sell only. You need to buy the coins at the Minimal price and then sell at the Maximum value. There are different trading styles and different trading timeframe which you need to look after according to your trading mindset and approach. Make sure that you do enough practise before going for live trading.

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March 04, 2018, 03:01:53 PM
 #42

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

If you have a idea to start trade,atfirst you should have some patience.If you had brought a bitcoin means,you should hold as much time you can.Holding is the required one to get some profit from your investments.When the price increase,you can sell to get some profit.
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March 04, 2018, 03:25:33 PM
 #43

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
Holding and selling is more like investing for a long time. Trading is like trading instantly and switching between coins for maximizing profit.The best thing to do is learn how the market works first. Gain information about the coins you are about to invest and check their potentiality. Try investing small before going big. Learn from your small mistakes.

There are two ways to trade. There's short term and long term. Holding and selling is a long term way to trade while in short term, you usually buy then sell within short periods of time. The thing about short trading is you would have to keep track of the prices and know when is the best time to buy and sell. Know about pumps and dumps. Also, keep updated about the different coins so that you can diversify your portfolio.

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March 04, 2018, 03:30:35 PM
 #44

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

For starting the trading business you need to have some trading capital and apart from it, you need to have some sound knowledge about trading. But trading is not about Hold and Sell only. You need to buy the coins at the Minimal price and then sell at the Maximum value. There are different trading styles and different trading timeframe which you need to look after according to your trading mindset and approach. Make sure that you do enough practise before going for live trading.


That's good explanation and I think this is enough list that we should follow for the purpose of crypto trading. Also one thing you should remember quite strongly is that you should not be emotional trader at all. Those who do it emotional way will never get the sweet pie and will always loose the money. Better keep it straight and hit the right coins always by studying them from the market buzz. Mix more to learn from the project announcement threads as it gives hell lot of info about when and how it will spike.

 
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March 04, 2018, 03:47:57 PM
 #45

- Only invest what you can afford to lose.
- Try to get your initial investment back and then trade with the left coins as that would be your net profit.
- Always research a coin before investing in it.
- Never panic sell.
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March 04, 2018, 03:48:17 PM
 #46

You need to know that cryotocurrency trading won't give stable income so if you keep bitcoin trading as your only job then you are in a great danger.
Crypto currency prices are to volatile so invest the amount only you can afford to lose.
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March 04, 2018, 03:50:58 PM
 #47

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
No, it's not all about HOLD or SELL, you must study the trends, history and the trading volume of a certain coin that you wanted to trade, withoit the knowledge about that, you will surely loose your money over this field.

I use this provider to trade Cryptos : Bitcoin Revolution
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March 04, 2018, 04:14:56 PM
 #48

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
No, it's not all about HOLD or SELL, you must study the trends, history and the trading volume of a certain coin that you wanted to trade, withoit the knowledge about that, you will surely loose your money over this field.

Well it also would be extremely helpful if you get yourself aware about what's going on in the crypto world. Coins that are being listed  or delisted from exchanges, fuds, adoption from governments or big companies, those are aspects that largely affects a coin's movement so best to be aware of that as well

 
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March 04, 2018, 04:35:29 PM
 #49

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
Crypto currency trading is far more than hodl or sell and the first rule of crypto trading is not to be greedy. Second, is treat crypto trading like real business in order to be successful trader. Third, is setting some money aside in other to make some quick trade i.e protect capital by saving money to fund a trading business. Invest the money you can afford to lose and study the past historical data of coin before invest.

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March 04, 2018, 06:13:53 PM
 #50

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
No, it's not all about HOLD or SELL, you must study the trends, history and the trading volume of a certain coin that you wanted to trade, withoit the knowledge about that, you will surely loose your money over this field.

Yes. Nowadays most of the use the trading for the transaction process. It good opportunity for the  future saving and easy to exchange any country currency. But before you will know the all process. This information help to plan to work.  Trading is not to easy. Time is important for this process. So you know the all coin price information. Trading connect the all country people.
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March 04, 2018, 06:22:56 PM
 #51

There are so many things you need to know before start trading but I think the most important thing is analyzing the price chart ability. When you can be able to analyze the price chart, you'll know when is the best time to buy or sell and which coin will be the best choice to trade. Beside you also need to learn about collecting news, it's also important when you want to trade cause news affect a lot to cryptocurrency price.

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March 04, 2018, 06:25:03 PM
 #52

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
You need to know on how to use cryptocurrency. The mechanism behind it. What are advantages and drawbacks. How to recognize ponzi schemes. How to check if it's a phising site or not. Read about cryptocurrencies first and then start trading. This is not exactly like stocks, there are changes. Beware of idiots trying to scam innocents. Don't be a victim.


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March 04, 2018, 06:32:17 PM
 #53

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

You must learn how to do trading, learn the market, learn the basic etc. Not talk about hold and sell. You need invest for long term, and you can get more profit. At least 3-5 years and you will see the profit.

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March 04, 2018, 06:47:30 PM
 #54

You need to know that cryotocurrency trading won't give stable income so if you keep bitcoin trading as your only job then you are in a great danger.
Crypto currency prices are to volatile so invest the amount only you can afford to lose.

Good to know first how cryptocurrency works so you can know if its fit for your goal and you can take the risk without sacrificing your whole assets. Learn more about the technology before you invest, do your own research and after that make a decision and focus on it. Trading is a risky game, and don't forget that you can loss money for just a minute of unwise decision.
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March 04, 2018, 06:59:31 PM
 #55

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

If you have a idea to start trade,atfirst you should have some patience.If you had brought a bitcoin means,you should hold as much time you can.Holding is the required one to get some profit from your investments.When the price increase,you can sell to get some profit.


What patience you are saying bro. If want to invest on trading they have to go with analyze the all best altcoins in the market. Then invest your fund on the concern coin in the market.
Short term circulation of the each coin in the market will be analyze perfectly and go with exchanging the each coins you invested.
Holding of alts will not give profit all the time.
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March 04, 2018, 07:28:17 PM
 #56

U always need to known and remember that crypto is extremly riskly active and u could loose everything in one day like u could earn so much !

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March 04, 2018, 07:50:29 PM
 #57

At first I think you should spend your time to read some topics in this section to collect experience and knowledge about trading from other traders. Beside you can take part in some courses to learn about trading skills like collecting news, analyze chart, control your emotion when you trade,....A lot of things to learn and prepare to join trading Smiley)

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March 05, 2018, 01:46:14 AM
 #58

First, know the market.. what is the best crypto? How I earned? The Price?.... Their is so many things you should consider before you enter into a Cryptocurrency Trading... Sometimes even we have already in business of trading, we continuous in searching and reading. in what is the trend and best right now.
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March 05, 2018, 01:55:42 AM
 #59

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
Do an extensive research how trading works, make reading a habit in every news and forum where you can get ideas in each coins. Its an advantage if you can find a mentor who can guide you as a beginner.

This might also help you what to avoid when you trade
https://bitcointalk.org/index.php?topic=2850179.msg29236037#msg29236037

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hulla
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March 05, 2018, 03:11:32 PM
 #60

There are a lot of certain things you need to know before start crypto trading. First of all. You must accept the wining and loosing part of crypto currency volatility,you must study the price movement and take one step at a time along the path to profitable trading. Take your emotion out of trading sometime and don't let the market plunge tempt you.

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.Duelbits.
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