Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.
Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.
Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)
I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.
Yes that is the mkst basic buy low and sell high but it isn't just about you will buy low amount or cheap coins in the market make sure you have research the kind of altcoins you pick to invest know something about it ..its application ,uses and plans to be in the future .Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.
Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)
I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.
You need to know more about .
Super cheap buying,
Newbies and Pro traders moves ,
Pump and dump scheme .
How to get along with these happenings.
No.1 is to handle your emotions it is the no.1 enemy of traders.