Post
Topic
Board Altcoin Discussion
Re: How to be a good traders of altcoins?
by
mamahdedeh
on 23/08/2019, 06:47:32 UTC
When it comes to the trading of altcoin the I find it is one of the most complex jobs. There are lot of chances and possibilities. So to become a good trader of altcoins what are the main strategies do we need to have? Is it the best time to put money on the altcoin?
Sounds like you're an investor rather than a trader. Anyway, to be a good trader in altcoin you need to know which coin has the biggest volume per day, which coins are top gainers for a day, and which coins are the top losers for a day. By determining this, you can sort which altcoins are good to be traded; that's the time you'll apply the technical analysis, fundamental analysis, and risk management at the same time as much as possible.
of course bitcoin market analysis every day becomes our food, besides that we must have a good strategy to anticipate market conditions if it is not in accordance with our analysis. many things must be run when we trade, another case when investing, where there is no need to monitor the market often, because it is our goal for the long term