• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

Managing Crypto trading order .

  • Thread starter Thread starter ahmedo24
  • Start date Start date
Placing a sell or buying order requires technical analysis because that the most important aspect of cryptocurrency trading. When you want to place order, be sure that you have done your research very well before placing such order
 
Ralphjoe said:
One thing that I have noticed in the cryptocurrency trading venture is that one should be very sure about the profitability of a cryptocurrency pair before he or she can be creating on it as this will ensure if the person will make profit or not on each trade.
Click to expand...
Yes you really need to be sure about your prediction when you are buying or selling cryptocurrency, because without proper prediction it will be very difficult for me to make profit and you start believing that cryptocurrency is a scam.
 
In placing oder when trading the cryptocurrencies market, you should be very knowledgeable about the price fluctuations in cryptocurrencies so that you don't delay in making a fast oder execution to cut the probability of lossing value
 
Sotherefore said:
Yes you really need to be sure about your prediction when you are buying or selling cryptocurrency, because without proper prediction it will be very difficult for me to make profit and you start believing that cryptocurrency is a scam.
Click to expand...
The way you guys are branding this word scam all around is just so amazing because I have discovered that any little things you guys will just say the word scam. I don't know what your end game is but I will really tell you that cryptocurrency cannot be a scam. Cryptocurrency that millions of people are trading on cannot be a scam so if anyone is not capable of making profit on them then that person is not knowledgeable enough about cryptocurrency trading.
 
Ralphjoe said:
The way you guys are branding this word scam all around is just so amazing because I have discovered that any little things you guys will just say the word scam. I don't know what your end game is but I will really tell you that cryptocurrency cannot be a scam. Cryptocurrency that millions of people are trading on cannot be a scam so if anyone is not capable of making profit on them then that person is not knowledgeable enough about cryptocurrency trading.
Click to expand...
Sorry you actually misinterpreted me, what I meant to say is that people who don't take their time to learn how to trade very well will lose in trading and because of the losses they will start calling cryptocurrency a scam.
 
Except you are trading a higher amount of order at that moment, you should instead use the market value that should make things a little bit more simplified and also fast and instant to execute trade
 
It depends on my target and since I make use of binance futures trading before placing an order and closing an order I will first make sure I have acheived my said profit
 
ahmedo24 said:
If you are very conversant with Crypto currency trading you will understand that you can place both sell and buy order at your own price then the system match the order as soon as possible but sometimes the order may take longer time. In your experience or opinion for how long can you keep buying or selling order before cancelling to create a feasible one?.
Click to expand...
Thats what i love most about crypto currency trading, you will always gain no matter the situation, I like the situation where you can place both sell and buy order at your own convenient price.
 
I have never traded crypto, but right now I am learning how to trade cryptos and I am also learning how to predict the crypto prices and also analyzing the charts. I hope I will be trading crypto sooner.
 
Sotherefore said:
Sorry you actually misinterpreted me, what I meant to say is that people who don't take their time to learn how to trade very well will lose in trading and because of the losses they will start calling cryptocurrency a scam.
Click to expand...
Now you are talking I believe that is the same reason why most people are calling cryptocurrency scam. Cryptocurrency is a digital asset that everyone can trade and invest into but before one can do that you have to get the basic knowledge of the asset so that you don't run into big loss.
 
Ralphjoe said:
Now you are talking I believe that is the same reason why most people are calling cryptocurrency scam. Cryptocurrency is a digital asset that everyone can trade and invest into but before one can do that you have to get the basic knowledge of the asset so that you don't run into big loss.
Click to expand...
If you're investing it is better for you to only get a basic understanding of the crypto you are investing .but if you are trading you will still need to learn a lot of complicated analysis to carry out a successful trading.
 
I haven't been able to set up the but and sell order because you have to meet the requirements of your wallet provider to do that, like binance requires a kyc registration which I haven't been able to do
 
these features are one of the main reasons I like trading cryptocurrencies because you can definitely take your profit even when you are sleeping with this order.
 
You have to be very wise sometimes here when it comes to managing your tracing order in cryptocurrency trading platforms. It might be wise to sell off or buy off an asset at the market price if it is not going to result to a loss for you
 
I get so mad when my buy order gets filled on an amount that was higher than what I wanted to buy but moved it because of time and the original price now ends up as the price of the coin. Now, I have learnt to patiently wait within reasonable period of time for the price I want the order to be filled at.
 
Sotherefore said:
If you're investing it is better for you to only get a basic understanding of the crypto you are investing .but if you are trading you will still need to learn a lot of complicated analysis to carry out a successful trading.
Click to expand...
I have discovered a way to be trading cryptocurrency without much knowledge of it as I currently do have a robot to be trading the cryptocurrency on my behalf without much knowledge of it.
 
Ralphjoe said:
I have discovered a way to be trading cryptocurrency without much knowledge of it as I currently do have a robot to be trading the cryptocurrency on my behalf without much knowledge of it.
Click to expand...
Robot will only be able to generate signal best on the sign that has been instructed on the robot to read and observe, robot may not take into consideration and influencer like Elon musk's, united state news, Chinese economy another thing is that influence the crypto market.
 
People should always be mindful how they place order for execution on the spot trading platform of their various cryptocurrency exchanges. You should properly know how these things work first before placing orders
 
Having multiple accounts with different exchanges is also an advantage especially when there are some good coins that are listed in one and not listed on the other you can always bet that those coins will get listed at some point in time and so when its listed it pumps real hard on the first days and you can always make a profit on those days.
 
One thing I'm currently learning and aim to improve very soon is the concept of OCO. Cryptocurrency trading needs a fundamental understanding of technical analysis and this would increase profitability of traders.
 
You must log in or register to reply here.
Back
Top