Tips & Tricks

A collection of 62 posts

Tips & Tricks

Mastering the Mind Game: Behavioral Economics in Cryptocurrency Trading

In all its volatility and unpredictability, the cryptocurrency market can be overwhelming. Understanding the fundamentals of blockchain technology and the specifics of individual coins is a starting point, but traders often have to grapple with the less predictable elements of human behavior. At this juncture, the discipline of behavioral economics

Tips & Tricks

Mastering the Cryptocurrency Market: Avoiding Common Pitfalls and the Importance of Transaction Analysis for Successful Trading

Navigating the intricacies of cryptocurrency trading can yield rewarding outcomes, but it can equally expose one to potential risks and considerable losses. This is particularly common among novice traders, who often encounter pitfalls that deplete their deposits. In this discussion, we will shed light on some frequent blunders committed by

Tips & Tricks

Decoding Crypto Slang: From FUD to zk-SNARKs

In the wild world of cryptocurrency trading, the jargon can be as unpredictable as the market itself. From FUD to zk-SNARKs, the crypto community has its own language. Whether you're a newcomer looking to dip your toes into the crypto sea or a seasoned trader needing a refresher,

Tips & Tricks

Biases to Avoid: Common Pitfalls for Crypto Traders

Engaging in cryptocurrency trading can be a potentially profitable yet complex undertaking, and traders frequently confront multiple biases that may obscure their judgment and result in suboptimal choices. In this article, we will explore crypto traders' most common biases and discuss how to recognize and overcome them. Overconfidence Bias

Tips & Tricks

Understanding the Differences Between Technical & Fundamental Analyses in Crypto Trading

With the emergence of cryptocurrencies, traders are looking for ways to profit from the volatility of digital assets. Technical and fundamental analysis are two standard methods of analyzing the market and making investment decisions. We will observe the differences between technical and fundamental analyses in crypto trading and learn how

Tips & Tricks

Charting 101: 5 Day Trading Patterns You Should Track

What does pattern day trading mean? Cryptocurrency traders use technical analysis to identify profitable trades, which usually involve day trading patterns, or the trends and price movements in a market chart. Such chart formations help traders generate strategies they can rely on. So, if you want to become a pro,

Tips & Tricks

The Pitfalls of Nonstop Chart Monitoring for Beginners: A Comprehensive Guide

In the world of trading, it's natural for beginners to feel a strong attachment to their trades and an urge to monitor the charts constantly. However, this approach can lead to some significant mistakes and negatively impact their overall trading performance. This guide will discuss the reasons behind

Tips & Tricks

Crypto Trading Psychology: Common Mistakes of Traders When Opening a Position

The human brain evolved in entirely different conditions compared to which traders must conduct their activities. As a result, the human brain's decision-making patterns could be more efficient in the market. It doesn't mean that they sway trader toward a "bear" perspective, but rather

Tips & Tricks

10 Best Cryptocurrency Trading Platforms for Beginners

Finding the best crypto trading platforms for beginners might be daunting if you're starting in this field. So, here is a rundown of the top 10 best cryptocurrency trading platforms for beginners. 1. Coinbase is currently the best crypto trading platform in the US, which is a reputable

Tips & Tricks

Function of an Order Book and Order Book Trading Strategies for Newbies

> Trading order book is one of the most basic strategies in crypto trading. Similar to technical research, it involves getting information from the trading view. But, instead of utilizing technical metrics plotted on the candlestick chart, investors use the information from the record of orders. > Since almost all

Tips & Tricks

History of Trading and Why You Should Know It

* The History of the Emergence and Development of Exchanges * Market Crisis Review: Tulips and FTX * The Role of Modern Traders in the History of Trading * Where Are We All Headed? Nowadays, we can often hear people saying that crypto trading is a new profession, some kind of modern trend. But

Tips & Tricks

Overbought and Oversold Indicators for Technical Analysis

When trying to identify the best time to buy and sell financial instruments like cryptocurrencies, it's recommended to first identify if the asset is overbought or oversold. * The market is considered oversold if it has dropped significantly and is anticipated to rise again. When an asset is trading

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Technical Analysis: Top 5 Bullish Candlesticks Patterns

* Recap on Reading Candlesticks * Hammer * Morning Star * Bullish Engulfing * Three White Soldiers * The Piercing Pattern * Conclusion Strong bullish candlestick patterns are vital in an investor’s strategies, especially when trying to spot profitable positions. Investors who look at the bullish vs. bearish candlestick patterns are usually trying to spot a

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Best Books on Swing Trading: A Full Guide for Newbies

Swing trading means following a long-term market trend. Trend followers buy and hold the asset for as long as the prevailing trend persists, which could be anywhere from one day to weeks or even months. Predicting a reversal and riding the incoming trend requires a ton of research [https://tradermake.

Tips & Tricks

Swing Trading vs. Scalping: What Is The Difference? (Plus Useful Tips)

With cryptocurrency’s infamous fluctuations, many types of trading techniques originating from traditional markets continue to thrive. For example, many crypto traders harvested millions by just betting on the tiniest price changes within minutes, which corresponds to the high volume of scalpers in the market. Then, there are also part-time

Tips & Tricks

What is Crypto Short Squeeze & How to Avoid It in Day Trading?

The Meaning of Short Squeeze Day traders can be trapped in a short squeeze situation if the volume of buy orders increases because short sellers are cutting their losses in lieu of a sudden price surge. With retail purchases suddenly increasing, the market naturally spikes and incurs massive losses for

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Crypto Trading 101: What Is Stop-Loss and Take-Profit?

How to Calculate Stop-Loss and Take-Profit Levels If you’re new to crypto trading, you should start asking “what is stop loss and take profit?” One of the biggest mistakes traders commit is blowing their entire account due to emotional trading and not knowing when to exit. Two of the

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Crypto Trading Strategies: Can You Trade Crypto on Weekends?

Spot traders and people who invest in decentralized finance find it hard to figure out the best days or times to trade crypto. Even when most markets are closed for the weekend or a federal holiday, exchanges are still open for business. While trading digital assets might be profitable on

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Best Apps for Crypto Trading: Smartphones vs. Computers

Picking the best apps for crypto trading, when to use them, and which device to use them on could be difficult, especially if you're new to the world of cryptocurrency. For inexperienced traders, this sort of dilemma is quite unimportant. However, that one-second difference in reaction time is

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Crypto vs. Stocks: What’s the Difference?

> “Don’t put all your eggs in one basket.” A solid investment portfolio ought to include a wide variety of asset classes and types. A crucial component of successful risk management [https://youtu.be/11oyLEGeZKw] is diversifying one's financial holdings across a variety of asset classes, such

Tips & Tricks

Beginner’s Guide to Crypto Security: How to Protect Your Crypto from Intruders

Cryptocurrency has attracted many scammers and hackers. Here's how to protect your crypto by employing these crypto security standards. How secure is cryptocurrency? The DeFi hype has resulted in more crypto hacking and fraudulent activities. People became more willing to use less secure systems because they were afraid

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Tips to Avoid Being Involved in a Rug Pull in 2022

Picture this: You’re new to cryptocurrency. You decided to deposit your hard-earned cash on “the next biggest” cryptocurrency you saw on Instagram, Twitter, or YouTube. You’re just following what you see on social media without prior knowledge of cryptocurrency. Besides, it just costs a few bucks and many

Tips & Tricks

Bear Market Trading Strategy: How to Save Capital and Profit in the Bear Market

The bear market has set in. Bitcoin, the safe haven of crypto has just reached a bear market territory at the time of writing this article. Bitcoin just set a new lower low under $27,000, a price we haven’t seen since late 2020. If this trend continues, the

Tips & Tricks

Step-by-Step Guide: How to Get Into Crypto Trading – CORRECTLY

Before learning how to day trade crypto, you have to know what cryptocurrency is. * DYOR * Get a Reliable Crypto Wallet * Buy and Sell Cryptocurrency * Open an Account in an Exchange * Decide What's Your Crypto Trading Plan * Formulate Your Crypto Trading Strategy * Final Words of Wisdom What is Cryptocurrency

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Let’s Talk about Copytrading Honestly: How to Make Money by Copying Trades

Copytrading is becoming increasingly popular in the crypto market, all because it helps to make money trading cryptocurrencies as newcomers and professionals. How to get the first profit on copying trades and what are the pros and cons of trading on autopilot, we will consider below. What is copytrading Social