Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Loah Morgan on December 18, 2018, 12:10:29 PM
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It is important to do a lot of research before one start trading cryptocurrency. For the new users who do not know how to start trading, they should know a few things in crypto trading that will help them to trade without any fear. Can anyone tell what are the most critical things to keep in mind while trading cryptocurrency?
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You have been in this forum longer than me so I am a bit surprised that you're not aware of the Trading Discussion Board. You can find the answers to your questions there. Here's the link in case you do not know where the thread is https://www.altcoinstalks.com/index.php?board=132.0
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My opinion is that if we are going to trade we should first analyze the coins we will buy, and the analysis can be divided into two, namely fundamental analysis, namely analysis of news from the media, both local and international media, listening to the news circulating in crypto world, because the news we get from a large audience can have an effect on the ups and downs of a coin. and the second is technical analysis, which is a technique of reading a chart in an exchange on a coin that we are going to buy, we can see the chart movement both the rise and fall of a coin, and the most important thing in doing a trade in my opinion the most important is us must be able to hold back or be patient and do not easily panic, because if we panic can have fatal consequences, which we should hold instead we can dump because of our panic.
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what you need to keep in mind in trading is understanding current trends and doing analysis quickly, don't let yourself be greedy and emotional because this will influence decision making that is more logical for the profit you want to achieve
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the most critical thing is not to fall in love with a coin and without pity to cut losses and put stop losses
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it is more logical to judge all crypto coins without being trapped in a fanatical form on one coin because this will damage all your analysis
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Yes, we never forget to take a research before we start to trade coins. Doing research will be very helpful to know best time to trade or best time to buy. Without doing research, you are very risky and potentially to get losses.
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In my opinion the most important things we must do before trading on Cryptocurrency is that we must first analyze the coins that we are going to buy, and the analysis can be divided into two, namely fundamental analysis, which is the analysis of news from the media, both media local and international, and also listen to news circulating in the crypto world, because the news we get from a large audience can have an effect on the rise and fall of coins. and the second is technical analysis, which is a technique of reading parts in the exchange of coins that we will buy, and also we can see the movement of the graph both the rise and fall of the coin, and the most important thing in doing a trade. and in my opinion the most important thing is that we must be able to resist or be patient and not easily panic, because if we easily panic, it can have fatal consequences, which we have to hold, so we can throw it away. because of our own panic.