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.
actually to make trading in crypto is a risky work because most of the people usually get losses on crypto trading .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.
but i will suggest for only bitcoin trading .
as we know the price at different exchange are different so we can transfer our btc into and doller into btc to get profit from one exchange to another .
( be careful use this stretgy when btc rate are at high difference between the two exchange )
The method you are pertaining must be the " Arbitrade Method" wherein you will buy low in the other site then you will sell it in another site where the price is high.
But it is risky because not all trading sites are legit. So if you are going to use that method. Make sure the sites you are trading is a legit one to prevent loosing from trading crypto.