I Suggest You to If You Want to Trade a Specific Altcoin then Firstly Know about the Market cap Of that Coin, Demand Of the Coin and Also See the Past Performance of the Coin....
After that I suggest You to Firstly Talk with a Trading Master Who is Doing Trading From a Long time.....
You actually do not have to say that because it's the basic for every trader should learn. Getting the right information will help you decide on the right way to do in trading. Do not just gamble and rely on luck, treat trading seriously as there's money in here.
Thanks for your helpful advice, guys. Unfortunately, due to my ignorance, I've lost plenty of money doing trades, but thanks to the information that I've found across the web, and your advices too, I'll be able to execute new trading strategies and reduce the chance of loss. Also, I've seen that sometimes, arbitrage trading works, but it is considered a very risky method, since market prices change quickly, thus you can easily miss the chance of buying cheap coins at one exchange, and then selling them at a higher price on another exchange.
Speaking of which, I was going to ask, what is the difference between stop and limit orders when trading on the exchange? Is there an advantage from one another, in order to minimize the risks, and increase my chances of profit? Sorry for asking this, but when it comes to trading I'm a bit of a noob. It has been much easier for me to use instant exchanges like Shapeshift.io
