Post
Topic
Board Trading Discussion
Re: What are the trading tips for newbies...
by
exstasie
on 04/10/2018, 21:46:52 UTC
I have done some bounties and now my wallet has few tokens balance. So I need to know about trading. I searched and learned some points of trading. But I think my knowledge of trading is not enough for trading with this unstable market. So can anyone give me advises about trading. Or can anyone post some links of articles to read about trading charts. Thank you....

It really depends what you're trading. I don't like day trading ICO tokens because the markets are so illiquid. It can be impossible to exit the market without huge losses from slippage.

When it comes to tokens and altcoins with low market capitalization, I focus purely on fundamental analysis (like circulating supply vs. hype and prospects for adoption). And I'm not trading so much as investing. With low cap coins, I'm buying and holding and waiting for huge gains like 10x or better. TA (chart reading) is nearly useless for these markets.

I trade based on TA in more established and liquid markets like BTC and ETH. Here's a decent intro on how to use TA to trade effectively: https://www.investopedia.com/university/technical/