Crypto Trading Basics

 

Crypto Trading Fundamentals are basic knowledge that every crypto trader needs to know, especially novice traders. The basics of crypto trading are also the knowledge base to go to the next level. What is Crypto Trading? Crypto trading is the activity of buying and selling crypto assets for profit based on market volatility. daily, or also known as intraday trading.
Because they are daily or short-term, traders, called traders, pay little attention to long-term prospects. Instead, only pay attention to the sentiment that is currently warm and the pattern of price movements on the chart. 

Trading Basics
If you are new to this field, there are some basics in trading that you should know. So that it can do well and continue to increase the percentage of income.
1. Understanding Technical Analysis
Technical analysis is a technique for estimating (predicting) the direction of price movements based on past price patterns and structures. For a trader, technical analysis is the main skill that must be mastered. There are a lot of technical analysis, starting from using support and resistance points, using tools on charts and certain indicators. We really need reliable charts and have complete tools to make it easier for you to do technical analysis. Of course this will make it easier for you to profit in the crypto market.
2. Understanding Market Psychology
Not many novice trades understand that, in fact, the crypto market is the same as stocks. Move because there is a psychological role that exists in the crypto market. Fear, worry, greed and anger exist in the market because it is all based on the law of supply-demand between investors. It will usually be reflected in the movement of the chart and its candles. Experience and intuition skills are needed. The more you practice trading, the more you will be able to control market psychology.
3. Understand Risk Management
Since trading is a short-term activity, you need to know when and where to close losing and profitable deals, and how much money to spend on trading a single crypto. Limiting losses is that, before trading, you already know at what price you will close the transaction if the crypto you buy goes down. Limiting profits is that, before trading, you already know at what price to close the transaction in order to avoid a decline or price rejection. Of course profits will decrease if this happens.

Guided by the three principles or basics of crypto trading, it is hoped that you will be able to develop your knowledge and skills and add experience so that you will become a better, more reliable crypto trader and can get a satisfactory profit percentage.