I have some couple of experiences while trading cryptocurrencies which I would like to share with you guys. This is a personal experience I had. I have suffered some losses and gains some coins in the process of trading. These tips have helped me a whole lot and I have realise a massive gain each time I applied them. My advise is, don't be in a hurry to start trading. First study the movements of the coin you wish to trade. Ask few questions about it. Good news is, some exchanges have trollbox where you can Ask few questions about the performance of the coin.
Here are some of my buying tips
- If a coin has remained in a fixed position for a long time and you have checked the previous trades of two days ago or earlier and found out that the previous trade was still the same price. Chances are, the price will go up.
- If the volume is below 50
- If the change is below 5 Percent
- When the price crashes or there is a dump.
Here are some of my Selling tip.
- If the volume is above plus 100 percent after you have entered. Exit and take your profit.
- If the coin is no longer moving after you have entered. Exit and take your profit.
Here are some of my not to buy tip.
- If the change is above plus 100 percent. Do not buy. Chances are, it will drop.
I hope these tips helps and I wish you a successful trade.
Nice post! I will follow you from now on.
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