cryptocurrency forum

⁣Basics Of Crypto Trading Strategies

Discussion in 'General Discussion' started by hellen jones, Jan 13, 2020 at 5:24 AM.

  1. hellen jones

    hellen jones Contributor

    Messages:
    19
    Likes Received:
    0
    Trophy Points:
    6
    Credits
    10%
    [​IMG]

    Before moving on to know the basics of crypto trading strategies, let's have a brief understanding of what is cryptocurrency. It is a decentralized currency secured by cryptography that does not include any double-spending. Today, several cryptocurrency advisors provide the latest information on cryptocurrencies. The most definite feature of cryptocurrency is that it does not involve any central authority and is free from any kind of government interference or manipulations.

    Investing in cryptocurrency is completely different from investing in other assets. It’s a fresh new concept featuring the right strategy of trading. It involves the two most important concepts which is must understand. These are:

    sources>>https://www.tennis-motion-connect.com/blogs/post/120750/basics-of-crypto-trading-strategies
     
  2. Eliza Abrams

    Eliza Abrams Scholar

    Messages:
    162
    Likes Received:
    4
    Trophy Points:
    28
    Credits
    16%
    That's very useful, thank you for sharing!
     
  3. Jonathan

    Jonathan Contributor

    Messages:
    53
    Likes Received:
    13
    Trophy Points:
    8
    Credits
    48%
    The is well-written and pretty informative. What I think why most traders fail the reason is lack of patience. Crypto is a new and hot market for people who are looking for investing in something, but due to lack of patience and they creat loss for themselves.
     
  4. Eliza Abrams

    Eliza Abrams Scholar

    Messages:
    162
    Likes Received:
    4
    Trophy Points:
    28
    Credits
    16%
    Lack of knowledge is the other problem, I think.
     
  5. Holland

    Holland Contributor

    Messages:
    18
    Likes Received:
    0
    Trophy Points:
    6
    Credits
    9%
    Steady steady wins the race!!
     
  6. Eliza Abrams

    Eliza Abrams Scholar

    Messages:
    162
    Likes Received:
    4
    Trophy Points:
    28
    Credits
    16%
    I agree.If you don't rush but you take your time to learn you'll likely be more successful.
     
  7. Pre90

    Pre90 Contributor

    Messages:
    21
    Likes Received:
    2
    Trophy Points:
    8
    Credits
    12%
    Well, I think that’s the biggest problem. Its impossible to achieve success in a field without properly knowing what is it all about.
     
  8. Bethash_IO

    Bethash_IO Beginner

    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    1
    Credits
    10%
    The main issue is a lack of understanding. The crypto market is different from other markets like the volatility is huge when compared to other assets so buy and hold will not be a good strategy here. A little technical analysis would help, a lot of videos available to understand the technical indicators which help in selling at higher price and buying back at a lower price level
     
  9. Eliza Abrams

    Eliza Abrams Scholar

    Messages:
    162
    Likes Received:
    4
    Trophy Points:
    28
    Credits
    16%
    Do you think having an understanding of technical analysis from forex trading helps to understand cryptos?
     

Share This Page