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idrees khan

What is the basic need of trading ?

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If you want to start trading but first you have to gain

Knowledge and experience about exchanges and

Currencies. And then you can enter some small

Amount invest for trade.

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i'm able to summerize it in four strains for you, just go to YouTube and research the fundamentals of buying and selling crypto currenceies, then start small and exercise  a lot of live trading then you may have a a hit buying and selling.

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i will summerize it in four strains for you, simply visit YouTube and research the fundamentals of trading crypto currenceies, then start small and practice  a lot of live trading then you'll have a a hit trading.

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the basic things in trading that you should buy when the price is low and sell when the price is high and you should to know that you will loss some of your money and also you will earn  

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One of the main things that you should learn in the trading field is the analysis and reading of the market move, and everything will become easy after that


 

Life is great and enjoy it

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If some want to invest in trading, he should get enough knowledge about that and has absolutely own strategy. l mean without knowledge and experiences it is hard to make something good. 

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Money and knowledge.. Trading isn't easy as it sounds, you have to have a good amount if money and to know how to make profits from trading! Try to learn about crypto then about wallets and exchanges then learning the analysing of the market! This may take a long time to become a pro.. But you will earn really good amounts of profits..

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Posted (edited)

You have to know everything related to the cryptocurrency, market news, trading methods and strategies, all of these are important for a person to be able to start trading and invest in the currency market.

Edited by Maroua

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On 1/27/2020 at 11:08 AM, idrees khan said:

i mean if some want to invest in trading what should he know about a coins or about exchange or something else please justify 

The first thing that you should know is that you must possess the necessary knowledge and skills to remain in the market and in order to be able to profit from trading without losing your money and being dragged behind your feelings

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I think selection of coin is much important then selection of exchange.  If you select good coins to invest in then chances of your success will increases. And yes the basic knowledge of crypto world and some trading skills also matters in your success.

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My own techniques and strategies is my best advice with the basics of trading, and a constant study using the hold method, you can know how the price works psychologically, apart from that it forges your emotions to make you immune in loss situations.

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well first thing is money without money you cant do anything and other thing is knowledge without knowledge you cant get profit.i think learning charts is good thing to start also you should learn how btc effect on other coins.

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First, do not invest a large amount. You need to know that losses are inevitable at the early stages of trading. And trading for a novice is worth trading on more well-known coins that have a large capitalization and trading volumes.


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On 2/1/2020 at 7:21 PM, Jhadhasan said:

If you want to invest in the field of cryptocurrencies, then before investing any currency you must read good about it and learn everything about it in relation to movements and liquidity. You must be familiar with technical analysis regarding the direction and areas of support and resistance, Fibonacci and technical models.

You need to learn about trading and some trading experience. These are the basic needs for trading. Always learn to trade by reading chat in popular websites like deals and through which you can trade well.

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On 2/4/2020 at 10:56 PM, Agios said:

The basic need of trading:
Of course you have to learn at least top 10 coins, then you choose and learn the exchange that will be a place to trade. The chart will show trends, certain charting tools available on the exchange can help traders better predict short-term and long-term cryptocurrency market movements. After getting acquainted with exchanges and making a few simple trades, you might want to learn about some technical indicators and charting tools. For example, the Relative Strength Index (RSI) measures the speed and strength of market price volatility. The RSI will give traders some insight into whether the market is "oversold" or "overbought"

I think you have learned some basic skills so you can trade trading strategies and make money from digital money. If you have a good brain and you know more abkut trading then you have become a good trader.

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While starting trading, first we can choose best Crypto exchange and invest in top Crypto coins only and manager risk management . Do research and trade perfect wats and be Patience .

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On 1/27/2020 at 6:08 PM, idrees khan said:

i mean if some want to invest in trading what should he know about a coins or about exchange or something else please justify 

When you want to invest in a certain crypto coin you must first  know if its legit or not search more about it,find out it's previous price performance if it has really been profitable or not and by doing so you will have a right decision to make. 


 

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If you want to be in the cryptocurrency trading, following things are required:-

  • You should be capable of making technical analysis
  • You should be familiar with cryptocurrencies that you are willing to trade on the cryptocurrency exchange
  • You should have ability of taking patience
  • Be sure which sort of trading strategies you are preferring

 

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You need to know what currencies you want to invest in first of all.

 

Then you can search the exchanges that provide such currencies and therefore try it out if it suits for your needs.

 

Speaking on trading analysis you need to know what are active and non active coins (check some topics on this forum) and which have 24 hour good volumes for trading so you can buy and sell with a price fluctuation gap = therefore profit.


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The primary need for trading success is to gain sufficient knowledge about the digital currencies that we want to trade in addition to gaining experience in analyzing the digital currency market to choose the appropriate time to do the buying and selling operations.


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For trading , you need to decide which coin to trade on and then find the suitable exchange for trading. You can trade with around $20 at beginning and always keep an eye on the price of the coin which you want to trade for best chance of making profit.

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can not make anything from this market because after learning we can make a lot from this market doing with mindfulness. It is better for novice traders to choose only the top cryptocurrencies like Bitcoin, Ethereum. you have to do some research in advance about the use cases of that coin and how the group is doing well and actively promoting

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On 1/27/2020 at 11:08 PM, idrees khan said:

i mean if some want to invest in trading what should he know about a coins or about exchange or something else please justify 

If you want to start trading you have to pay attention to the coins you want to buy, because coins will have an effect on trading results, besides that choosing a trusted exchange is also very important, because all your funds are on the exchange. choose yobit exchange for your trade.

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Posted (edited)

I think the basic needs for trading are many, first you have to calm your mind and learn more knowledge about trade from people which are smart on trading but also you should  monitor some more research through websites or internet to know the state of cryptocurrency you prefer to trade as well as marketcap,volume and price of Coins, on my opinion

Edited by Malcolm
Typing error

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you need learn how to choose and research good coin to trade and also caring about price, volume, and marketcap.To buy / sell using currency, it must be converted from digital form to some existing currency. A currency is not a currency of any kind that can be used in the real world

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