Post
Topic
Board Altcoin Discussion
Re: The right mindset needed for all traders
by
distr@yopmail.com
on 21/06/2020, 05:45:56 UTC
Trading is a prediction game, predicting the price volatility of cryptocurrencies is quite difficult compared to stocks because no matter how good the fundamentals of the project are, prices will always follow the evolution of prices. Bitcoin, this should be ready by the traders, it will be of great help to them especially if they really want to succeed in trading. Trading is not a simple thing unlike investing, so you really need to read and learn some skills and techniques you can use to become a better trader.
It isn't prediction if you have the experience and can see some pattern or particulate trend on certain kinds of crypto. For example, we can notice a typical pump and dump if data about orders, volumes,... available.
it only applies to certain assets. because of the market character of every coin we cannot equate. trade charts will tell us but all of that has to be analyzed. we must develop our abilities first before we can carry out such an analysis.