How to be a good traders of altcoins?

[zero714309]

Learn by process,have a good technical/skills,money management and one good thing is experience. We need to know how good that altcoin so we can know the movement because each altcoin have different typical.

[jcarlo]

When it comes to the trading of altcoin the I find it is one of the most complex jobs. There are lot of chances and possibilities. So to become a good trader of altcoins what are the main strategies do we need to have? Is it the best time to put money on the altcoin?

In my opinion, each person has a different strategy, depending on the person's comfort in using the trading plan. The most important thing is when we choose altcoin, we see from the number of daily transactions and the products produced. As long as these two factors are met, I think holding on for the long term or trading on altcoin will make it comfortable for us

[Emilyp]

Trading Altcoins needs one to have knowledge of analysing charts, studying the fundamentals behind a project. When I trade, I always checked my trades from time to time because trading requires active focus on the market to keep adjusting your trades based on the current trend.

[Dakijon]

No lesson or knowledge about how to become good trading. only experience are best to be good trader. you will come lose money and time when begin trading like profesional. it's true, my friend begin trading at 10 years ago, until now never be good trader.

[Wipangga]

if I think a good strategy for crypto trading, if I think I previously put my money in altcoin, for me first I will have a lot of good research, so I think it will also be better to hold back and get profits in altcoin trading, and now is also a good time to get profit in the future by buying altcoin prices now.

[Herry Toms]

Well, the answer is simple to trade with the trend. The irony about altcoins is: People think selling them is not a good way and they keep on buying even when the market is going down. You will get hurt if you trying to catch the falling knife. Look at major alts how much they are down instead of hoping and wishing if people sold them at the top the would have a lot of profits till nows.
To trade altcoins, we need to change our perspective that everything can happen to define loss in advance and the market decide.

[DonFacundo]

The main strategy is to buy low and sell high of course, and I think there is no the best time to buy altcoins if you do trading just buy at low price, but if you like to hold an altcoin for long term then this is the best time to buy and wait bull run.

[shushu9977]

If you have enough Knowledge of crypto, then than you should be a good trader. A good trader always research, know of best time to buy crypto and also sell the crypto, good knowledge of market position etc. There is no time to put money for altcoins,  all time is the best time if you have proper knowledge about the crypto.

[Etsu]

Going through lot of suggestions here, I'm really impressed. The very few times i've tried trading altcoins, i got really burnt. I hope this various guidelines will work out

[adjed]

To.be a successful traders there are many things one would require (and no, I am not talking about bots) but one of the major ones is Stop-loss, you have to learn how to use it and use it very frequently, this is why it's advisable to do your day trading in big exchanges with large volume to ensure that the Stop-loss works very well, additionally, don't joke with stable coins.

[nanaimogold]

To become a good trader, one must be ready to learn how things work when it comes to cryptocurrency trading because it goes beyond the mere principle of buying at certain low price and selling at certain high price to make profit. The trader must first know which exchange platform to choose for trading, which altcoins are favourable for trading at a particular point in time, how to access and analyze market trends and data, how to read market graphs etc.

The key is study study study. That's the only way to be good at trading. When I started out newly, I had to familiarise myself with technical analysis and I found materials from babypips very helpful. Also experience and patience matters alot. Even when you make mistakes, always keep your cool and learn from every incident and remain consistent