What is Trade Coin?

For those who play and invest Bitcoin, Ethereum Coin, Ripple Coin, Monero, Litecoin, etc., it is no stranger to the term Trade coin, also known as "Surfing", which is a picture. buy and sell Coin for profit. Here I take for example, you buy Bitcoin at low price and then sell it when the price increases, Trade coin is often applied to coins with strong exchange rate in a short time, maybe in a few days, even each hour by minute.

In order to apply the Trade coin form effectively, you must be a highly experienced person, in which the ability to understand the dynamics chart to know the price stops, plus the ability to judge and accompanying the calculation assertive, and indispensable element of luck. Currently, most of the coins are subject to the influence of Bitcoin, so to grasp the price of any coin you need to know the Bitcoin situation first.

*: You should also be aware that when the Trade coin only selects the listed coins, it is accepted by the community to trade. And usually the trading floors will provide the allowed coin, you can view valid coins on https://coinmarketcap.com/

Currently, the most used exchanges for Trade coin are: Binance, Huobi, Bitfinex and Poloniex.

Specialized terms in trade coin

• Dump: It means that prices are falling sharply
• Pumb: Prices are strong
• Stop loss (SL): Stop loss. When buying a coin, but at a certain time, the price does not go up, instead of falling continuously, you feel that it will continue to decrease, so stop loss. Accepting the loss and waiting for the opportunity when it touches it will buy again, when the price increases, the selling will become a profit
• Take profit (TP): Take profit: That means you feel like that is enough and feel that you will reduce your sales
• What is support: The word where the price is coming can increase again
• What is resistance: A place where prices may fall
• Volume: Volume of transactions, you buy, there will be sellers. When the sale is completed, it is called a successful transaction and counted as a Volume
• Long: Buy coin (Used for margin)
• Short: Sell coin (Used for margin)
• What is Margin: A form of Trade coin that uses leverage, usually 2.5 times, meaning that the exchange will give you 2.5 times the amount of money you have. When you have 1 BTC and you trade in margin, you will have 2.5 BTC to trade.

Some experience when Trade Coin

If you have little capital, you should choose garbage coins for Trade, not trade BTC will have less profit. When you have capital from 1 BTC or more, Trade BTC
For high-priced currencies such as ETH, DASH, and XMR, it will usually follow BTC

The garbage coins will definitely be dominated by Bitcoin, so when the BTC decreases, the coin garbage will go up and vice versa

In some cases Bitcoin encounters bad news affecting users with investment through Ethereum, DASH coin, Monero Coin, then this type has a high price. Important to judge the psychology of investors

You should remember that virtual money trading floors are always able to manipulate prices, and adjust prices up and down as they wish. In addition, people with large capital may also be more or less priced. You have to judge the idea when you see a strong and declining coin. This part requires a lot of trade coin experience.

New to the trade coin, play the garbage coin, the advantage is low price, low investment capital is mainly experienced

One of my biggest experiences is "Practicing" the loss of stupid money is not possible, you just try to lose $ 1000 as I will see it out a lot 🙂