What did you learn about crypto trading?

[LUCKMCFLY]

I learnt many favourable things from crypto trading that can help me to develop and improve financial aspect and economy aspect. I used to buy bitcoin anytime without looking into the market price, if it will be favourable or not before purchasing.
I learnt how to buy bitcoin and when to sell bitcoin to make a good profit at the end of the business. It hard me to experience losses in my investment since I learnt how to buy bitcoin when the price is low in the market .

Well my criteria for buying BTC has changed a lot, although for me now buying BTC is a good time as long as the price is below its last ATH, before I used to buy when I saw an increase in the volume of the charts in the exchanges , because he told me that they were whales entering, and if you buy when the whales buy it is a very good moment, and to sell is when you see the movements of the volume, not in a chartist style but by reading and understanding the volume, the only thing is that each exchange has its volume, and there should be a consolidated volume to have more truth when deciding to make a trade.

[Sayeds56]

I learnt many favourable things from crypto trading that can help me to develop and improve financial aspect and economy aspect. I used to buy bitcoin anytime without looking into the market price, if it will be favourable or not before purchasing.
I learnt how to buy bitcoin and when to sell bitcoin to make a good profit at the end of the business. It hard me to experience losses in my investment since I learnt how to buy bitcoin when the price is low in the market .

Well my criteria for buying BTC has changed a lot, although for me now buying BTC is a good time as long as the price is below its last ATH, before I used to buy when I saw an increase in the volume of the charts in the exchanges , because he told me that they were whales entering, and if you buy when the whales buy it is a very good moment, and to sell is when you see the movements of the volume, not in a chartist style but by reading and understanding the volume, the only thing is that each exchange has its volume, and there should be a consolidated volume to have more truth when deciding to make a trade.

Well said. Trading volume is a good indicator to evaluate the strength of Bullish or bear trend but as you said we need to look at larger picture of volume( consolidate volume of all exchanges) and I think this information is available on coinmaketcap for every listed coin/token. I think the best time to buy is not when price is increasing but when price is bottomed out on weekly or monthly charts and signs of price recovery become visible.

[navya23]

Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.

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[shawon01]

deletd

[breathlessz]

I learnt many favourable things from crypto trading that can help me to develop and improve financial aspect and economy aspect. I used to buy bitcoin anytime without looking into the market price, if it will be favourable or not before purchasing.
I learnt how to buy bitcoin and when to sell bitcoin to make a good profit at the end of the business. It hard me to experience losses in my investment since I learnt how to buy bitcoin when the price is low in the market .

Well my criteria for buying BTC has changed a lot, although for me now buying BTC is a good time as long as the price is below its last ATH, before I used to buy when I saw an increase in the volume of the charts in the exchanges , because he told me that they were whales entering, and if you buy when the whales buy it is a very good moment, and to sell is when you see the movements of the volume, not in a chartist style but by reading and understanding the volume, the only thing is that each exchange has its volume, and there should be a consolidated volume to have more truth when deciding to make a trade.

Well said. Trading volume is a good indicator to evaluate the strength of Bullish or bear trend but as you said we need to look at larger picture of volume( consolidate volume of all exchanges) and I think this information is available on coinmaketcap for every listed coin/token. I think the best time to buy is not when price is increasing but when price is bottomed out on weekly or monthly charts and signs of price recovery become visible.

I think the best time to buy is in the area of strong support. we sometimes find it difficult to determine the lowest point when the price is running. therefore we have to analyze it first, so that we can map the areas that will make the price react. therefore it is important to learn to analyze to determine the work area, with frequent analysis, of course we will learn personal strengths and weaknesses, so it will be good for future trading

[shawon01]

I have been doing sprot trades for a long time today. I have learned this by watching my friend. Through my friend, I do sporting tate and by clicking here, I can make a fairly good income and I hope that my income will be better than this in the future.

[zaesvlas]

In general, I learned quite a lot about cryptocurrencies. It should be understood that this is the kind of work that really requires knowledge. Otherwise, the results may not be very encouraging.

[GigaBit]

We know that there is no ending to learning. If some one always in learning then he will be the most experienced. The crypto world is a platform for experienced players to always rely on your knowledge to survive. One of the common mistakes we often make on trading platform which is buy in the bull market hope of quick profit but suddenly it stops and we face huge losses. Now i am confident and know hot to control my self at that moment.

[kamilah147]

yes, trading is not a place to get rich in a short time. Trading is a new style of work without wasting too much effort and time. trading is a side income, meaning there is a main job to do. if we use trading as our main job, we will have bad luck for our daily needs if the market is not in our favor. so in my opinion use free time to trade as additional income.

[Sayeds56]

yes, trading is not a place to get rich in a short time. Trading is a new style of work without wasting too much effort and time. trading is a side income, meaning there is a main job to do. if we use trading as our main job, we will have bad luck for our daily needs if the market is not in our favor. so in my opinion use free time to trade as additional income.

True. Trading is not an easy  way to get quick rich, it is a serious profession and need adequate training of Technical charts, good knowledge of risk and money management skills as well as up to date information of crypto industry  to be a successful trader. There is another way to make money beside trading  by participating in ICO/IDO/IGO of good projects on well reputed exchanges like Binance. The recent example is STEPN ( GMT)project which was launched on Binance and it has given more than 1000% profit to its participants  and also who bought it right after launching of project at low price because the use case of the project is very strong and attractive for investors.

[zaesvlas]

I think that every trader has learned a lot in the process. At least, we definitely got a very important and necessary experience.

[sensimilia]

.
The lesson which I learned from my few trading transactions are that I am not suitable guy for this. I switched myself from trading to HODLing  very early and that helped me in minimizing my crypto loss.

If you buy a coin in the cryptocurrency market and give that coin for a long time, it can be called holding.  In the long run, if you buy a coin with a target, you will see that if the price of that coin increases, then you will get a good post from here, in the long run, you can earn a good amount of money here.

[Nrcewker]

Trading teaches us life lessons and i am pretty sure all have known it.
The main things I learned about crypto trading is that to not trade with emotions.
Also if you show greed in trading then definitely you will face the loss.
Trade in limit and cash out when necessary.
These are the golden lessons i have learnt while trading the crypto.
Hope this helps all the newbies out there who are willing to come to crypto trading.

[zaesvlas]

Before starting to work, I studied a lot of aspects. It is extremely important to pay attention to this, because it has a very big impact on the results of the trader.

[Wexnident]

True. Trading is not an easy  way to get quick rich, it is a serious profession and need adequate training of Technical charts, good knowledge of risk and money management skills as well as up to date information of crypto industry  to be a successful trader.

I don't think there's any easy way at all to quickly get rich. Even scamming people needs a certain level of skill (not that I agree with the act itself). Just that trading is seen as something much harder because it involves us spending money in a visible way to earn more. And well, trading visibly risks more than other types of skills such as a regular work, where it risks both time, money and attention compared to your average regular work (which most of the time only involves time and attention).

I think that every trader has learned a lot in the process. At least, we definitely got a very important and necessary experience.

True. Every trader has lost something, and imo, losing means that there's something to learn out of it. Take it as a tuition fee I guess.

[Rockstarguy]

yes, trading is not a place to get rich in a short time. Trading is a new style of work without wasting too much effort and time. trading is a side income, meaning there is a main job to do. if we use trading as our main job, we will have bad luck for our daily needs if the market is not in our favor. so in my opinion use free time to trade as additional income.

It is very funny to think that trading can get one rich as soon as possible,  trading is like second hustle to assist one financially.  It is not really advisable to depend on trading without having any other source job or business,  profit in trading comes unexpected and if ones put all the attention waiting fall profits and it doesn't come at the appropriate time, it can be frustrating and make one to be emotional.

[MinMan]

Trading is not an easy  way to get quick rich, it is a serious profession and need adequate training of Technical charts, good knowledge of risk and money management skills as well as up to date information of crypto industry  to be a successful trader. There is another way to make money beside trading  by participating in ICO/IDO/IGO of good projects on well reputed exchanges like Binance. The recent example is STEPN ( GMT)project which was launched on Binance and it has given more than 1000% profit to its participants  and also who bought it right after launching of project at low price because the use case of the project is very strong and attractive for investors.

It is not an easy thing, but it is an easy thing to do get into, that's the problem. You can't just start coding and be a bad coder, I can't start coding today, I wouldn't know how to, or I can't suddenly become a designer, or a doctor, or a lawyer, there is nothing that could help me do all of these today.

However, I could put my money in, buy bitcoin, sell it, and I traded. Which means that it is a profession that requires training and learning how to be good, but it's something anyone can do in under 5 minutes very easily. This is the risk of trading, if you are not good yet, and you could still trade and end up losing money, that's a risk you are taking.

[LUCKMCFLY]

I learnt many favourable things from crypto trading that can help me to develop and improve financial aspect and economy aspect. I used to buy bitcoin anytime without looking into the market price, if it will be favourable or not before purchasing.
I learnt how to buy bitcoin and when to sell bitcoin to make a good profit at the end of the business. It hard me to experience losses in my investment since I learnt how to buy bitcoin when the price is low in the market .

Well my criteria for buying BTC has changed a lot, although for me now buying BTC is a good time as long as the price is below its last ATH, before I used to buy when I saw an increase in the volume of the charts in the exchanges , because he told me that they were whales entering, and if you buy when the whales buy it is a very good moment, and to sell is when you see the movements of the volume, not in a chartist style but by reading and understanding the volume, the only thing is that each exchange has its volume, and there should be a consolidated volume to have more truth when deciding to make a trade.

Well said. Trading volume is a good indicator to evaluate the strength of Bullish or bear trend but as you said we need to look at larger picture of volume( consolidate volume of all exchanges) and I think this information is available on coinmaketcap for every listed coin/token. I think the best time to buy is not when price is increasing but when price is bottomed out on weekly or monthly charts and signs of price recovery become visible.

Yes, although I have been very aware of the volume in CMC and although it is quite good, CMC does not take into account some volumes of Korean Exchanges and there is already a certain lack of information, or volumes that are sometimes made in p2p exchanges, then if there is no consolidated volume it is like entering a casino to gamble, I know that there are people who pay to have the consolidated volume and it is still difficult, but having the consolidated volume, but at least 80-85% of the volume consolidated decisions can be made much more reliable, but those who do not have such tools, it is necessary to look for the volume of Binance, Btifinex and exchanges where large volumes are handled to see if a more specific analysis can be done.

[BobK71]

During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.

Most of the time new traders make the mistake at that moment. They thought that it is very easy to earn money by investing in crypto currency. They can not control their self ultimately they lost huge money. So it is very important in trading platform is learning there is no alternative way to get success accept it.

[tippytoes]

During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.

Most of the time new traders make the mistake at that moment. They thought that it is very easy to earn money by investing in crypto currency. They can not control their self ultimately they lost huge money. So it is very important in trading platform is learning there is no alternative way to get success accept it.

There are many reasons why a trader can earn profit from this market but definitely you need basic information on how to trade crypto at the very least. It is easy to trade, but getting profit is another thing. The simple rule in trading which is, buy low, sell high is actually difficult to execute once you are in the trading market. How would you know it is in the lower price level of the coin or the higher price range. So in this regard, you need to focus on the coin/s you want to trade with and understand their market movement. For sure, there is a reason why they were dumped for certain period of time or come rising after couple of months. That's your goal here, understand their market so you approximately know when to execute your trades.