Requirements to become a cryptocurrency trader

[abubakar3141]

To trade on, pick a marketplace. Much like fiat currencies, you need a place where these coins are exchanged to invest in crypto currencies. ...
Choose a wallet with a cryptocurrency. ...
Locate relevant information. ...
To increase efficiency and mitigate risks, use software.

 

[MercySmith]

Becoming a trader requires a background in math, engineering, or hard science, rather than just finance or business.
Traders need research and analytical skills to monitor broad economic factors and day-to-day chart patterns that impact financial markets.
The ability to focus and concentrate, particularly in a chaotic, fast-moving environment, is an underappreciated but crucial skill for traders.
Self-control is crucial, as well as the ability to regulate emotions despite developments that could be upsetting.

wow this is quite enlightening you know. I actually thought you can just jump into it. Usually people just jump into the system and start trading. When the do so it is usually gambling. But i really disagree on the hard science part.

 

[Bilal0087]

Lately cryptocurrencies have become the talk of the town and have taken over the news headlines, so I've been thinking.. What are the required knowledge and skills required to become a cryptocurrency trader/investor..
A detailed explanation would be highly appreciated.

To become cryptocurrency trader, A person should be related to science field like math physics and statistic for the better understanding of cryptocurrencies.
You can get knowledge and experience from internet or by online mentor about all aspects of cryptocurrencies for becoming a successful trader.

 

[ossai]

Before even looking at potential cryptocurrencies, you should figure out which strategy you want to pursue. Everyone has their own tactics, but they generally fall into one of the following categories:

• Long-term hodler – You just want to buy a few different coins and keep them as a long-term (>1 year) investment. This is the simplest trading strategy and usually involves the least amount of risk. You’ll most likely stick to cryptocurrencies with a larger market cap.
• Mid-range investor – You have a slightly higher risk tolerance than the long-term hodler. There may be coins you hold for awhile, but you also rebalance your portfolio every month or so. Your holdings probably include a mixture of large and medium market cap coins.
• Daytrader – The most advanced and riskiest cryptocurrency trading strategy. You focus mainly on technical analysis to trade volatile swings in the market. This can be lucrative if you do it properly, but it’s difficult to execute well. All coins are fair game with this strategy.

 

[Felixko]

Before you buy cryptocurrency, know that it does not have the same protections as when you are using U.S. dollars. Also know that scammers are asking people to pay with cryptocurrency because they know that such payments are typically not reversible.

 

[Victor001]

To become a good and versatile crypto trader, know when to buy and sell, know how to combine risk reward ratio, always wait for clear entry before running a trade.stake what you can loose.

 

[Setfragil]

Cryptocurrency is not difficult to trade as it requires little knowledge to venture into it. What you really need to trade cryptocurrency is your capital a good and reliable wallet to store your cryptocurrencies and a good exchange platform.

 

[Justin]

You need two things: money and knowledge on the crypto market. If you have these two things you can easily become a crypto trader. sadly, I don't have both.

 

[Josemendez]

Lately cryptocurrencies have become the talk of the town and have taken over the news headlines, so I've been thinking.. What are the required knowledge and skills required to become a cryptocurrency trader/investor..
A detailed explanation would be highly appreciated.

To the best of my knowledge , I think one just need to learn about trading from some of the cryptocurrency exchange site , he needs to have some money set out and then have an exchange site selected

 

[Nomad]

In order to become a crypto currency trader, you should know every thing about crypto currencies, how it operates, what factors determine the price, the price history of the coin you re trading.

 

[tyrim88]

Lately cryptocurrencies have become the talk of the town and have taken over the news headlines, so I've been thinking.. What are the required knowledge and skills required to become a cryptocurrency trader/investor..
A detailed explanation would be highly appreciated.

Some things that is needed is a good and basic knowledge about the cryptocurrency world and familarity with a particular trading platform that you choose to trade with,And you must be able to learn how to analyset the market indice properly and this you will gain by constant real time practice.you need some level of discipline and contentment when you are trading also.

 

[Bousine123]

Lately cryptocurrencies have become the talk of the town and have taken over the news headlines, so I've been thinking.. What are the required knowledge and skills required to become a cryptocurrency trader/investor..
A detailed explanation would be highly appreciated.

There is nothing more you need than a little capital, your smartphone and internet connection, plus your willingness to learn the trade.

 

[Alexandoy]

From what I know about stocks the trader is considered good in speculating that is called a speculator too. In crypto coin the speculator is smarter because there is no clue about the trend. When the Bitcoin price hit a low of $29k all of the posts that I had read were disappointments. No one had said that he had anticipated the trend.

 

[Monster Masterpiece]

If you got paid by crypto you can easily became a crypto currency trader or investor it is not a hard step just you have to learn some youtube videos.

 

[eLdavis]

All you need to become a trader is understanding crypto currency in general and also study the market, how it moves when to buy, when to sell. Most trading platforms have tools they make use of. Study these tools as well

 

[mcjerry]

Lately cryptocurrencies have become the talk of the town and have taken over the news headlines, so I've been thinking.. What are the required knowledge and skills required to become a cryptocurrency trader/investor..
A detailed explanation would be highly appreciated.

First for you to become a crypto currency trader. You will need to learn about crypto currency and how to trade using different tools and techniques. And one more thing is that you need to take away emotions from trading

 

[Chizfab]

For those saying you don't need this or that before you can start trading crypto. The honest truth is that you need to learn how to put your emotions to check before trading, you need a little math, researches and practical to master you game. Trading doesn't mean successful trading.

 

[Yusuf]

The best way to make money from the crypto currency exchange Business as a trader is to know more on technical analysis and how to read chart. With this method you are good to go

 

[harrypaul]

To become a good trader I will tell you first the basic tools that you need.
:A good network provider
:A good working PC (note your mobile can do but PC is more comfortable)
:A stable power supply
Then you make your step into space where you will be required to have:
:A good exchange platform (uniswap and pancakes swap is the best)
:A good trading platform (Binance, Octa Fx)
: Choose a currency that has a good market volatility.
Then you can start your journey now by developing your confidence and being ready to learn from other traders.
Never be greedy and always developed your faith when trading

 

[Sotherefore]

One of the things I will advise people who are really interested in trading cryptocurrency is proper risk management because this is what will happen you to be in constant profit when trading