5 Easy Ways to Improve Your Cryptocurrency Trading Profits

[cheezcarls]

When it comes to cryptocurrency trading, skill, luck, and excellent timing are crucial to turning a regular profit.

Fortunately, there are now more ways than ever before to better grasp the current market situation and extract profits from price movements that other, less-equipped traders might miss out on.

With that in mind, let’s take a look at the five easiest ways to boost your trading profits in 2020 and beyond!

To read the full article about improving your cryptocurrency trading tips, go here

I know that a lot of cryptocurrency traders here are always hungry to learn how to easily profit in trading. As for me, I am still considering myself a newbie to cryptocurrency trading. I am still learning the basics though, and I honestly think that these tips being shared here in this article would really help me a bit.

I don’t know about you guys. Either you’re a newbie, average or a professional crypto traders, these tips would really help. I would like to hear about your feedback or opinion on what you have read or learned so far in these tips that would easily make you profits in cryptocurrency trading.

Cheers!

[stomachgrowls]

Dont know whats wrong with the site yet i cant open it even though i have strong and stable connection.Tried for several browsers but still have the same problem.

Okay setting it aside and basing up on topic title on getting improvement with your trading.It might sound easy but wont really be that simple to follow.
Experience would always be the key for you to learn everything.You would face up common mistakes and learn from it until you do learn it gradually
and making you as a better trader as soon you do realize on familiarizing anything on different market situations and corresponding decisions to be made.

[Hallmader]

Dont know whats wrong with the site yet i cant open it even though i have strong and stable connection.Tried for several browsers but still have the same problem.

Okay setting it aside and basing up on topic title on getting improvement with your trading.It might sound easy but wont really be that simple to follow.
Experience would always be the key for you to learn everything.You would face up common mistakes and learn from it until you do learn it gradually
and making you as a better trader as soon you do realize on familiarizing anything on different market situations and corresponding decisions to be made.

The site is accessible on my end. So here are the five ways as mentioned in the article in case you got curious:

• Trade With a Multiplier
• Trade on the Short Side
• Set up Automatic Alerts
• Use All the Available Tools and More
• Cut Down Your Fees

The writer is obviously referring to margin trading which is very risky especially for newbies. I don't even encourage average traders to get into margin trading. It is very risky everything is like gambling. So I only agree on the 3rd up to 5th. The 1st and 2nd are case to case basis.

[Wexnident]

It isn't a massive boost though. It's more on the side of lessening the miscellaneous fees for trading and possibly increasing the amount of short term profits a trader can, which is nice and all but it still lacks in comparison to long term investments where you exit the market beautifully at the right moment. There's also the factor of difficulty in trusting external tools, especially when it comes to the rally season where everyone wants to take advantage of literally every other traders minds out there.

[CodyAlfaridzi]

Trade With a Multiplier

This would be an easy way to get quickly liquidated too lol. People shouldn't call using margin an easy way to get profit. Trading on margin is extremely risky and for a newbie without proper risk management, it's just an accelerated way to wipe out their trading balance.

Trading on shorts, yes that's a good tip because a lot of people might not know that they can profit from downward movement too. Short selling might not be intuitive at first but it's not that hard to understand. It's more clever to just short when you feel it's the top rather than wait for the dump and buy lower which would take more time.

[davis196]

I don't click on links pointing towards crypto related blogs,because my PC hot infected with trojans right after visiting such pages in the past.It would be nice if you copy paste the main points of the article with a link and credit to the author,instead of forcing people to click on that URL.
Anyway,I assume that there's nothing revolutionary and innovative in the tips mentioned in the article.

[GreatArkansas]

When it comes to cryptocurrency trading, skill, luck, and excellent timing are crucial to turning a regular profit.
(...)

I don't think so if luck is really need on trading because I do believe trading is not pure luck, like a dice gambling.
But this is just for my opinion. Lot of successful traders out there are become owning on trading because they learn a lot and love what they do and for sure they are not relying on luck.
That's why we should not stop learning especially in trading which is very risky.

[ethereumhunter]

I can visit the site without any problem.

Hm, I don't suggest to people who don't have the knowledge to do margin trading because that will be too risky for them. They can use leverage to get more money to trade, but they need to know when they need to close the trade, especially if they already get the profit. Many traders wait for more to close the trade because they want to make a bigger profit, but unfortunately, the market is not moving as they wish. So if you don't have knowledge about margin trading, you don't have to try.

[3la9l_kolbaCa]

When it comes to cryptocurrency trading, skill, luck, and excellent timing are crucial to turning a regular profit.
(...)

I don't think so if luck is really need on trading because I do believe trading is not pure luck, like a dice gambling.
But this is just for my opinion. Lot of successful traders out there are become owning on trading because they learn a lot and love what they do and for sure they are not relying on luck.
That's why we should not stop learning especially in trading which is very risky.

We can't associate any luck on trading here, although being lucky was just a coincidence on every journey. As I've known better during my hardships on trading, all the negative experiences was my lessons learned. I didn't bother to think any of them but I used it as my strength to pursue what is needed correct all erroneous moves that hinders the best decision.

[Distinctin]

I don't think we need to master everything just to become successful in trading.
Quite some of the ways that it only be understandable to professional trading. Noobs and average traders wouldn't probably spend to much time in trading just to learn those things. I know it will help a lot but it some ways also that we have to skip some of them depending on the our capability.

[rijaljun]

OP is considering himself a newbie to cryptocurrency trading but also writing articles about trading tips. My questions, how would people believe in OP if the tips haven't been proven on himself?

[panganib999]

They're pretty.. ehh average? I mean. It's not to improve, its more to decrease costs that you do in trading in general. Tbh, if one were actually quite a serious analyst, fees would become secondary, depending on the amount of time he/she believes is required to obtain a certain percentage of profit that he/ she had for the initial investment.

OP is considering himself a newbie to cryptocurrency trading but also writing articles about trading tips. My questions, how would people believe in OP if the tips haven't been proven on himself?

He didn't say anything about it being his though. It's an article he probably found on the net and he wants it to be shared to the forum.

[electronicash]

if you now are trying to improve your trading profits then that means you already learned how to read charts effectively. why would you consider yourself newbie still?

improving trading profits is more advance than learning to trade itself.

Trade With a Multiplier

This would be an easy way to get quickly liquidated too lol. People shouldn't call using margin an easy way to get profit. Trading on margin is extremely risky and for a newbie without proper risk management, it's just an accelerated way to wipe out their trading balance.

Trading on shorts, yes that's a good tip because a lot of people might not know that they can profit from downward movement too. Short selling might not be intuitive at first but it's not that hard to understand. It's more clever to just short when you feel it's the top rather than wait for the dump and buy lower which would take more time.

its not about when we feel like its the ath price, it varies to the time frame you are trading and what the indicators are telling you in that particular time frame.  everything has risk but make sense to use "multiplier"in bear markets.  leverage like they say amplifies the risks.

[worle1bm]

Article emphasis on the usage of various trading forms like future, margins, derivative as well as shorting/longing. But if someone is new trader, he must restrict himself to spot trading for the starting. Other forms can give you substantial returns but at the same time can drain your wealth faster if you aren't actually aware completely how they work. Spot trading on the other hand works on simple concept of 'buy lower and sell higher'. Profits maybe lower (you can also face losses) but at least you will learn concrete trading.

Once you are pro-trader, you can easily switch to other forms and increase profits as the article mentioned.

[ReiMomo]

I will consider my self a newbie in trading. Upon reading the article there are some good point but I dont know if that is all accurate and these tips were made by pro traders. I believed on " Set up Automatic Alerts ". I think this is a trading tool that they called a trading bot. All I know that it is easy to use in trading and make easier when you set automatic buy and sell. Although, I am still searching and gathering ideas before I step in unto trading.   

[desticy]

The first two tips, in my opinion, are suicide. Trading with leverage carries fierce risks; I would never advise starting with it.
The same goes for opening short deals, the most unpredictable and dangerous deals on the market. Everything else is acceptable if applied correctly.

[Kimi80]

Dont know whats wrong with the site yet i cant open it even though i have strong and stable connection.Tried for several browsers but still have the same problem.

Okay setting it aside and basing up on topic title on getting improvement with your trading.It might sound easy but wont really be that simple to follow.
Experience would always be the key for you to learn everything.You would face up common mistakes and learn from it until you do learn it gradually
and making you as a better trader as soon you do realize on familiarizing anything on different market situations and corresponding decisions to be made.

The site is accessible on my end. So here are the five ways as mentioned in the article in case you got curious:

• Trade With a Multiplier
• Trade on the Short Side
• Set up Automatic Alerts
• Use All the Available Tools and More
• Cut Down Your Fees

The writer is obviously referring to margin trading which is very risky especially for newbies. I don't even encourage average traders to get into margin trading. It is very risky everything is like gambling. So I only agree on the 3rd up to 5th. The 1st and 2nd are case to case basis.

On which site do you trade? I decided to try myself in trading, but I am far from being an expert. I wonder what is automatic alert, how it works and does every trading site supports it? Tell me more about it if you have time.

[AniviaBtc]

if you now are trying to improve your trading profits then that means you already learned how to read charts effectively. why would you consider yourself newbie still?

improving trading profits is more advance than learning to trade itself.

Trade With a Multiplier

This would be an easy way to get quickly liquidated too lol. People shouldn't call using margin an easy way to get profit. Trading on margin is extremely risky and for a newbie without proper risk management, it's just an accelerated way to wipe out their trading balance.

Trading on shorts, yes that's a good tip because a lot of people might not know that they can profit from downward movement too. Short selling might not be intuitive at first but it's not that hard to understand. It's more clever to just short when you feel it's the top rather than wait for the dump and buy lower which would take more time.

its not about when we feel like its the ath price, it varies to the time frame you are trading and what the indicators are telling you in that particular time frame.  everything has risk but make sense to use "multiplier"in bear markets.  leverage like they say amplifies the risks.

Technical Analysis in the market is the most essential and helpful thing to do in trading because it will depend your strategies and plans before you do a transactions. You can consider yourself still a newbie if you notice that, when you trade for so long but still you didn't have a large profit or it didn't reach your target profit. So that you need to change your strategies and learn from the mistakes you've made. Help yourself grow before your money, and know that patience, hard-work and critical thinking do to your trading experience.

[Quidat]

The first two tips, in my opinion, are suicide. Trading with leverage carries fierce risks; I would never advise starting with it.
The same goes for opening short deals, the most unpredictable and dangerous deals on the market. Everything else is acceptable if applied correctly.

A newbie doing a leverage trading is absolutely a suicide. Even I myself don't bother to try trading with leverage because of the high risk of it. What's best strategy for a beginners is to do the buy low sell high strategy first, although it is not that fast to get your target profit but it is the most efficient way to decrease the risk of losing your investment.

[Findingnemo]

When it comes to cryptocurrency trading, skill, luck, and excellent timing are crucial to turning a regular profit.
(...)

I don't think so if luck is really need on trading because I do believe trading is not pure luck, like a dice gambling.
But this is just for my opinion. Lot of successful traders out there are become owning on trading because they learn a lot and love what they do and for sure they are not relying on luck.
That's why we should not stop learning especially in trading which is very risky.

IMHO, crypto success involves the individual's success as well because we never know what will be the prices the next day even if we do enough research or whatever can be done still the success is something beyond from skills we have.

But it's not entirely like in dice gambling as you said, one who work for it and has enough luck to find the right time will make more profits.