Re: What would be your recommendations when trading crypto?
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.
The only people that succeed in trading are skillful and professional trader.Professional trader learn a lot of skills for technical, sentiment, and fundamental analysis. Google this! For crypto trading I think technical analysis is not as important as the other two. In contrast, in classical ForEx the technical analysis is the most prominent activity.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.
It also pays to have the technical skills to actually understand crypto currencies. Do you actually know what a hash function does? While I can do such analysis for you in my coin reviews, you should learn that yourself in the long-term.
Aq