Post
Topic
Board Trading Discussion
Re: Very important tips in digital currency trading
by
Finestream
on 29/04/2019, 06:27:42 UTC
Second: you should always buy at the lowest possible price try to buy the currency when it decreases
To the lowest levels and avoid buying on the rise or when it is at the top of the rise
They may go down at any moment and dramatically
This is really difficult, like catching knives? For me, it is much better just buy the dip, you can' predict exactly what's the lowest. Or you can also the averaging of your entry when you are buying the lowest level. Technical analysis is really important on this, like identifying the previous supports and resistances so you have an idea where to buy and sell.
ever-changing prices will not make it easy for us to make decisions, all we need to do is try to make the best decision by doing various analyzes of the coins we have. A trader will be successful when the trader can analyze well.
Right.But you cannot come up with a good analysis if you lack knowledge on a certain coin you invested.You should have a background check on that coin and know its dumping and pumping of its price so you will have ideas on the coin you are going to put your money in it.I usually buy at the dips after i have known that certain coin deeply.