Set low buy orders and you may get lucky

[Ralphjoe]

The best way to trade is to buy the Cryptocurrency when the price is low and later sell it when the price appreciates so that you can make a huge profits on your investment. This is the best way to trade on cryptocurrencies.

 

[Odebunmi ajewamiri]

As a day trader, you should always use a stop-loss order on your trades. Barring slippage, the stop-loss lets you know how much you stand to lose on a given trade.1 Once you start using stop-loss orders, you'll need to learn how to calculate your stop-loss and determine exactly where your stop-loss order will go.

 

[Alexandoy]

Yes, buying low and selling high is the essence of trading not only in crypto currency but also in stocks or forex. But that is not easy to do because sometimes you have investment on a commodity that you are waiting for the price to go up. Unfortunately the price went down and you need the money so you are forced to sell at a loss. Maybe it is a good habit to develop in trading that you will buy only with your extra money so that you have the luxury of time to wait for the price to appreciate.

 

[Arrain1122]

To buy stocks, you'll first need a brokerage account, which you can set up in about 15 minutes. ... If you place a market order trade “ after hours,” when the markets have closed for the day, ..

 

[Sotherefore]

trading of cryptocurrency of forex does not just work as simple as you just said for you to predict when to buy and went to sell is always the real deal you might predict on your own understanding as a norvice and immediately you enter the market the market might seriously turn against you to a point that you are outlaws

 

[Mahnoor]

Generally, a market buy order is equivalent to a limit buy order at an infinite (or very high) price, so I disagree with Harper's suggestion that you would pay less with a market order. Even if you enter a limit buy order at $10,000, you'll be matched with the lowest available ask for the quantity bought (same as a market order), which is unlikely to be anywhere near $10,000 during regular hours.

 

[Akinwale701]

In order to trade in any cryptocurrency the key to being successful is to be able to buy low and sell the coins at a higher value. This is essentially the whole purpose behind a trade in the first place. Therefore I think that it is very important that you choose specific coins that you are interested in, in order to make it easier to manage and track their prices and the fluctuations that occur.

Sometimes there are major dips in the market that happen for brief seconds and in this case, what I would suggest that you do is that you set low buy orders at a low price. This way even if you are not at your laptop you can still make the purchase when these dips occur, and you can later sell it for a higher price to get a profit. This ensures that you can catch those split second drops in the price.

The actual fact about cryptocurrency trading is that there's no particular law by which you can be successful in the business. We are all just trying to do it the way we think we know.

 

[Nicklas22]

It's very good to buy cryptocurrency at a lower price and sell at a higher price, that's where the gain is
You can still buy at a high amount and wait for the amount to appreciate then you can sell

 

[BrolySSJ]

The actual fact about cryptocurrency trading is that there's no particular law by which you can be successful in the business. We are all just trying to do it the way we think we know.

This is true and at the end of the day it all boils down to how much will if you are willing to take within the cryptocurrency space because that determines how much potential profit you can also make. And it depends on how far along in your career you are because if you are well established in your career you will be able to take greater risks knowing that you can make up for it.

 

[tyrim88]

This is one of the mistake a lot of cryptocurrency traders,especially those that are new in the trade,the time they usually get into the market is a surge in the prices and hope to sell when it increases,but most times it does not work that way and they loss their money.

 

[Justin]

I am not yet into crypto currency trading or even investment. I understand how crypto currency investment works but I am still learning how trading works.

 

[eLdavis]

To get the best profit on crypto is to buy when the coin is extremely low, then when it increases in value, you can sell them off. Though most times i could take years to achieve this. I believe its actually the waiting that gets most persons scared and they want to go for coins that already have high value.

 

[Nomad]

Using a crypto trading bots can help you trade crypto currency easily as you can set when to buy crypto currencies and when to sell your assets. You can even use the bits to set low buy orders.

 

[jeff87]

In order to trade in any cryptocurrency the key to being successful is to be able to buy low and sell the coins at a higher value. This is essentially the whole purpose behind a trade in the first place. Therefore I think that it is very important that you choose specific coins that you are interested in, in order to make it easier to manage and track their prices and the fluctuations that occur.

Sometimes there are major dips in the market that happen for brief seconds and in this case, what I would suggest that you do is that you set low buy orders at a low price. This way even if you are not at your laptop you can still make the purchase when these dips occur, and you can later sell it for a higher price to get a profit. This ensures that you can catch those split second drops in the price.

That is also what I have in my mind when it comes to trading in cryptocurrency. I will set my order in low price and when the price goes higher that's the right time to sell my cryptocurrency. But I don't know why when I buy in low price the price will get down and down. Sometimes it's only days that I will wait and then I could sell. The longest time was months of waiting for the price to hit my high price target.

 

[Kingstone]

And if does activate and it shoots up, you are in big money. But to do that effectively, you must understand how the support levels and the trendlines work. Trading with those indicators are helpful and not just a wild guess

 

[Sotherefore]

If you are doing it like this that means you are just trading cryptocurrency without understanding and you are believing in luck, You may be lucky no doubt but it is not the best for you to trade cryptocurrency this way, you should have what signs to look for when you are buying and selling.

 

[ganibade]

To set low buy order for customers to make a bid. The only customers that are lucky will be selected. This is not common in business community. This is like gambling in some areas in business transaction when set low price.

 

[Sincerem]

It could work to some extent but proper technical analysis is what is needed to successfully trade the crypto-currency market without any problem . That gives you the confident since you completely be aware of what you are doing.

 

[GIFTMICHAEL]

Sometimes you could buy but the market keep dropping futher or the other way around. I generally believe that to be able to trade the volatile crypto market you must have an idea of technical analysis.

 

[Laurentta]

This is a very nice tip you dropped. Thank you for the information.Crypto currencies trading is very profitable when one buys at a low price and sells at a much higher price