BitcoinYu (OP)
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Activity: 48
Merit: 10
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May 15, 2019, 11:19:13 AM |
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Hey guys!
I need your wisdom about something!
So I am writing an article about bitcoin trading and what I would need is some expert advice on that.
Thus I would really value your answer to this question:
What are the TOP 3 most underutilized tools or unpopular resources that all traders should learn how to use?
I just need a couple of sentences if you don't mind.
You can just write them here in comments or in PM.
Thank you very much!
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pushups44
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May 15, 2019, 11:30:25 AM |
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Hey guys!
I need your wisdom about something!
So I am writing an article about bitcoin trading and what I would need is some expert advice on that.
Thus I would really value your answer to this question:
What are the TOP 3 most underutilized tools or unpopular resources that all traders should learn how to use?
I just need a couple of sentences if you don't mind.
You can just write them here in comments or in PM.
Thank you very much!
I would say money management is the biggest issue along with placing proper stops. Technical analysis - such as moving averages, oscillators, patterns, and price action - along with fundamental analysis are important. This requires lots of practice and experience.
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Haunebu
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May 15, 2019, 01:37:17 PM |
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In my opinion, these resources go a long way in helping a trader become successful. They have helped me a lot though I am a HODLER primarily.
- Stop-loss indicators - Trading View and similar resources - Pattern analysis
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Ailmand
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May 15, 2019, 02:10:53 PM |
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Trading patterns and technical analysis like candlestick patterns, capital and profit calculation and management and a lot more could be a good article for you to do but you could focus on topics which are helpful for beginners. You could also focus on the latest changes and different strategies on trading.
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Gozie51
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May 15, 2019, 02:18:30 PM |
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you could focus on topics which are helpful for beginners.
I think he should try and touch money management because newbies can be carried away when they are profiting and decide to increase their risk appetite, thereby losing all. This is important for a new trader.
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kryptqnick
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Join the world-leading crypto sportsbook NOW!
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May 15, 2019, 02:31:01 PM |
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Even though coinmarketcap.com is rather popular, it might qualify as underutilized. People usually focus on marketcap and price charts, but this website can help with more than that. For instance, there is trading volume, and it's dynamics can also help to predict the price movements (when it increases significantly, get ready for a bull run, whereas if it keeps going down, be cautious). The website also has historical snapshots that help to get a bigger picture on how the market has been changing over time. Another useful thing for potential small profits is that one can click on a chosen coin and take a look at different markets with trading pairs and prices. One can try to play on the difference between the prices on different exchanges.
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eternalgloom
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Even though coinmarketcap.com is rather popular, it might qualify as underutilized. People usually focus on marketcap and price charts, but this website can help with more than that. For instance, there is trading volume, and it's dynamics can also help to predict the price movements (when it increases significantly, get ready for a bull run, whereas if it keeps going down, be cautious). The website also has historical snapshots that help to get a bigger picture on how the market has been changing over time. Another useful thing for potential small profits is that one can click on a chosen coin and take a look at different markets with trading pairs and prices. One can try to play on the difference between the prices on different exchanges.
Uhm I think you picked to wrong time to recommend Coinmarketcap as a good source for trading volume. I mean they're under scrutiny for posting fake trading volume right now, so I would suggest other websites than Coinmarketcap. Alternatively you could use CoinGecko, they've just announced that they will be taking extra measures against fake volume being displayed.
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Herbert2020
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Merit: 1137
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May 15, 2019, 04:28:52 PM |
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What are the TOP 3 most underutilized tools or unpopular resources that all traders should learn how to use? [/b]
charts, charts and charts! you may not notice this but most traders these days (specially the newcomers) are only focusing on many other resources from analysis of some random trolls on the internet to useless news sites that keep publishing nonsense. and then they forget to learn how to read and analyze the charts. so that is in my opinion the most underutilized resource that people have at their disposal but they don't analyze it. for example most people don't yet know that when bitcoin rises altcoins dump. they think it is other way around because instead of going to where they trade (exchanges) and looking at that chart, they open coinmarketcap.com and see a green collour and think all prices are rising.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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pinoycash
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May 15, 2019, 05:18:41 PM |
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Do something that others are not doing,. TA is already boring to read.
Writing articles is not easy and you should focus on the niche you already have knowledge and interest.
Asking for help on what to write is not a good way to start your blogging career, sooner or later you will run out of ideas for your articles.
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target
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Merit: 1041
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May 15, 2019, 05:34:20 PM |
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Writing article is very challenging when all other writers had tackled most of the subjects. You will have to talk about a more define subject that should caught the attention of crypto enthusiast. When it comes to trading crypto its always going to be interesting when you teach how to use indicators. Surprise your readers about how much you earn using a tool in a short period of time. But in order for you to explain it deeply you will have to learn the tool as well. Which means you will have to trade yourself not just write an article.
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Genemind
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May 15, 2019, 05:55:39 PM |
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Focus on the basic where beginners could relate. Most newbies are looking for reliable articles to learn something about trading. You can create something that could help and influence them to make a firm decision about trading and anything that is related to cryptocurrency.
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Ray55
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Free Crypto in Stake.com Telegram t.me/StakeCasino
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May 15, 2019, 06:52:41 PM |
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The trading view is one of the greatest resources a trader needs and there are a lot of free sites which let you practice trading with dummy balance. I hope those are going to be very helpful, basic practical knowledge will be better before jumping into the real world trading.
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Mahanton
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May 15, 2019, 07:13:02 PM |
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What are the TOP 3 most underutilized tools or unpopular resources that all traders should learn how to use?
I cant really deny that making some article without sufficient knowledge is quite hard but at least asking out the community is a good step on piling up things that you do wanna add up with your article. Answering it up the most common tools that traders should learn how to use. -Technical analysis (Indicators) Common thing of all but really worth to test on. -Stop Loss management (Risk handling) -Media outlet (Part of Fundamentals where its critical to make considerations of these things).
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Pipdips
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May 15, 2019, 07:18:10 PM |
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Patience Persistence Practice
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edisystem
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May 16, 2019, 06:28:13 AM |
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For me, the first is learn how to know when is the best time to buy and sell. The second is money/balance management on your account and the third is all trader must keep up to date about crypto news and market react to a news or gossip.
There are still many good points too for trader must know.
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aly
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Beşiktaş.
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May 16, 2019, 01:04:27 PM |
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It would not be correct to restrict it to 3 or a specific number. There are too many resources, there is video and tool.
Once you have read and learned, you will have to guess what you have to do. What is technical analysis? Start with this, for example.
Also, follow some opinion leaders on Twitter, you'll surely compete with constructive and informative conversations, choose the ones that will help you.
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Beerwizzard
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May 16, 2019, 01:57:41 PM |
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Under trading people have to understand short time speculative trades that usually performed within a day in order to get some benefit from price fluctuations. Crypto investing is a different thing. So if you are really going to do such things using technical analysis then imho you shouldn't trade cryptocurrencies. You can easily trade fiat on forex markets that are easier to predict and compensate increased BTC volatility with some higher possible leverage. That's the main advice.
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traderethereum
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May 16, 2019, 04:57:02 PM |
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Did you find what you search so far, OP? I think you need to give more information about what you need so we can give more information to you. I see many of us give good advice to you and I hope that you can finish your article so you can share what you write in your article.
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bozzy
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May 16, 2019, 05:59:49 PM |
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If they are available in the country where you live, you should check out Trade.io and Crypto.com. Trade.io has a feature called Liquidity Pool where you can stake their token and receive interest payments in various cryptos. Liquidity Pool isn't really a trading tool but they do have maker and taker trading with very low fees. In fact they have zero deposit fees, zero maker fees and very low taker fees. They also have very minimal withdrawal fees. Likewise Crypto.com has an investment piece where they do all the work for you. You simply deposit the crypto and they will buy and sell and trade as they see fit within the guidelines you set out. I hope one of those helps you out a little bit.
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recaph
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May 17, 2019, 07:02:55 AM |
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First of all, where r u gonna publish? I was looking for where I can post content for payment, I heard that the Brave browser supports this function. switched to it. but has not yet figured out how to receive rewards.
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