Bitcoin Forum

Hi :) I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

Exchanges to use :
poloniex.com
bittrex.com
c-cex.com
yobit.net

Tips: don't buy when price is pumping and don't sell being panic when price gets like 10-20% down within a day time. And also don't follow what chat box suggest you, in altcoin world fud/hype plays important role in manipulating market stay careful.

Check volume before you buy anything. Do not buy any dead coins. As the name states, they are dead. No volume in them. People won't be trading those coins. If you buy them you will wait forever. Find some high volume coins wait for mega dumps. When you wait enough get in and wait for the counter pump. Then get off.

First dont try trading altcoins before reading and learning enough about it, trying this method without any experience or strategy is risky just like gambling, so i suggest you keep reading a lot here before trading altcoins

I took my start from yobit and there i did not faced any issue while trading with bitcoin and I think for new comers yobit is much better as its usage is easy and it has some coins which have potential to grow much higher. I think you should have to take your start from there.

Yobit is just fine, that's more or less how I started (RIP, Cryptsy!).  But OP, watch out.  There are so many coins on the exchanges, and you'll see some of them up and down like 10000% or something crazy like that.  A lot of those coins have no market depth, meaning you'll have a tough time unloading them even if they do go up.

My advice is to start small and just get a feel for the markets.  It's very much like trading penny stocks, except you have much less info to trade on.  It's the most bizarre thing I've ever seen in markets.  Good luck.

The first step for starting your journey into the world of trading alt coins choosing your reliable site for the trading place and my suggestion is choosing the crowded place because the circulation of trading will be fast and you can anytime for rotating your money.

the second step, starting with low amount because you're new in the trading site and then you can learning about choosing the potential coins before.

Select the trading sites which is there from longtime and legit ,get an reliable exchange site , first study about the trade volume and which coin is having more value on trading also worth of buying , invest only little in the beginning which you can afford and if it is giving real profit start increasing the investment.   

On my preference bookmark list are these two exchanges: poloniex and yobit.

If you don't have any preferred coin to trade then check the most traded coin (poloniex at the top right, yobit at bottom left)

Based on the most trading volume within 24 hours you can see which coins are more popular, what you should do is check how often does the price change and estimate where is the best time to buy and to sell that coin you invested in.

i don't know why others are suggesting yobit, it is the last site that you should look into if you want to trade. so as long as you can trade on good sites like bittrex, poloniex and c-cex don't even think about yobit.

and as for start i suggest you start with a small amount and test the waters so to speak and then invest more.

One great resource for novice alt traders is:
http://alunacrypto.blogspot.in/2016/03/bitcoin-altcoins-trading-complete-guide-cryptocurrency-tutorial-trading-strategy-fundamental-analysis-technical-analysis.html

Actually, I prefer going to coinmarketcap.com to get a daily list of the prices. When I decide on which coin to buy, I click on the coin and it shows me the exchanges selling the coin. I prefer picking the exchange with the lowest price if I want to buy and if selling, the exchange with the highest price.

I consider myself as a newbie and would like to share some tips from my little experience.

# 1. Choose a good exchange - Make sure it's not a scam or in trouble. You can compare without investing.

# 2. Research - Do your own research before investing in any option, this is a must.

# 3. Ignore Green Blinks / Trollbox - You will see some coins are being bought on each second but ignore it (that's likely to be a  pump & dump scheme) don't even trust on whatever advice you get in the chat box.

# 4. Start will low amount - Don't invest your whole capital at once, start will low trades.

# 5. Be Ready to Lose - Don't forget, trading is a risky job so you might lose your whole capital. Don't invest what you can't afford to lose.

# 6. Diversify Your Investments - Don't put all eggs in one basket, diversify your investments.

Good luck for your trading journey.

Just go to altcoin sections and see what is the people are talking of. Look for what altcoin is in trend, it's usually the biggest projects that has a potential to get a higher price. You can also ask people for an honest opinion on their thread about what they think of the coin.

I think you are too much newbie to this platform of altcoin, as you even don;t know that how to take the start and from where to take the start, by the try invest much lower amount in any coin you want, in the start you only have to learn not to invest all.

Bro If You Want To Start Trading Then Firstly Create An Account On Yobit.net And Then Deposit Some Money and they Buy Some Altcoins...
As You Are New To Trading I Also Suggest You Some Coins:-
1) Pak Coin
2) Blry Coin
3 Aum Coin
4) Rdd Coin Etc...
I also Trading the Above Coins....

First of all spend more and more time in altcoin section and after getting knowledge about all the coins you will be able to know that from where to start and what coin is better to invest.

I just want to mention that trading altcoin is a risky way , you might lose your money , you should learn first , and when you join trading , don't use your all money , try with small amounts , watch the news , follow the announcements in altcoin announcements board , read others opinions , then make your own strategy .

It could be risky if yoy don't have any knowledge about it and just buying around without noticing that the coin you buy is on dumping stage or on dying state, so the better for us to do on our first trade is monitor the price,volume and the community if it is alive and  so by that yoy can determine if the coin will be healthy to be traded and will not turn scam right away. And also we must consider some thing before we do some trades since tradings is not all about earnings we might gonna lose all we've got if we miss does pump oppurtunities.

step one) sign up on a well known exchanger which people have been satisfied with using like poloniex or bittrex

step two) deposit a small amount because you are new to this

step three) learn basics of trading and then move on to finding best altcoins to buy and buy low and sell high

step four) do not withdraw now, since you have invested small amount it is not a risk to keep it on the exchanger and add the profit to your balance to grow it and when you felt confident deposit more.

You could start by looking for an altcoin exchange website, I recommend YoBit.net because of their interface. The support is pretty slow, though. After depositing some Bitcoins to start your trading with, go ahead to alt coin section and see what's the "trend" coin. Do some research about that trendy coin, they usually have a thread in here, and see what does other people think about it.

Since you're just new to altcoin trading, you have no other way of learning but to have some experience. Trust a user in the altcoin board and ask some advice, but don't trust him too much that you're ready to give him your coins. That'd be foolish. If the coin dies and you get negative profit, that's okay. If the coin rises, then that's good and that's also a sign that the person you were talking to actually knows what he is doing.

Yobit has terrible customer support and have been facing a lot of issues lately.Not a wise thing to advise to a newbie..Speaking of trendy coins,the pump and dump business is on the highest peek these days!You never know if exchanges get paid to promote shit coins.
OP ,just stick to bitcoin trading.Much more lucrative in the long run and definitely risk free!

To that I agree.Additionally,compare the prices of coins on different exchanges.Make sure the coin is accepted on more than 3 exchanges.Do not invest in the ICO's if you have no idea what's what.Read through the comments of an ICO thread and follow what expericed members are doing.

do not forget these couple things that can destroy anything you make on trading any coins

1. Fees.....Even if you buy low and sell high on a coin, there is a fee on both transactions.  Since people have recently spoken about YoBit, their fee is 0.2%.  So, you need to make sure that you not only make a profit, but that your profit is higher than the coming and going fees.

2. Marked price is not always true.  Again, using YoBit as an example, if you straight to the trading interface for a coin you will see that the buy and sell forms are prefilled with the highest and lowest prices for each, the best deals that are listed below each form.  But, if you are selling 50000 Doge and the highest buy order is only for 1000 Doge, then you are only going to sell 1000 automatically at that price.  The next buy order below that is the next to be filled and that price may be very different on a new coin.  The same is true on the other side. It does not matter what the going price is, the average price or any bit of information.  Anything is worth what a person will pay for it, and in the quantity that they are willing to buy or sell.

3. Order minimums.  Using YoBit again, you have a minimum order of 0.0001 BTC.  Small traders and new traders can make money on a new coin and then be stuck with that new coin because to sell they are below a minimum trade.  Another thing that happens sometimes is a person gets funds, say Doge, from a faucet and they sell them.  Let's say that you deposit 300 Doge into the exchange, jump in and try to sell them.  That is going to be below the minimum trade.  There are some that take their current BTC and then buy Doge to reach the minimum trade and then sell the higher quantity of Doge. Between the two trade fees, they come out with fewer Bitcoins in the end than before adding the Doge.

4. Last but not least, look before you leap.  I know loads of people that see a coin at a very low price and grab them up before they look to the other side of the page and see that no one is buying them back.  Again, price information matters not a bit if no one is willing to buy. 

best trading places for me poloniex and bittrex.

tips from me, before you determine to buy the coin, it is better to find out information about the coin in this forum, twitter or others. whether the coin is increasing because of the hype of the game from the whales, or indeed any good info about the coin.

that is also a good point and do not forget that you can access that information through the same exchange that you are using many times, you can simply go to "coin info" or whatever link is much like that there are there are usually links to the wallet, github, the forum announcement here and so on.  but then, search the same forum for the name of the coin, as there may have been other threads opened and that can either be a very good thing or a very bad thing.

Instead of focusing on finding exchange and buy existing coins, why don't you start looking for new promising ICOs?
There is some projects going on which looks very promising and probably will bring its investors serious profits.
For example ICONOMI ICO is active right now, you can check their announcement thread here:

https://bitcointalk.org/index.php?topic=1587736.0 (https://bitcointalk.org/index.php?topic=1587736.0)

i don't think that is such a good idea so i discourage you to do it also.
many of these ICOs are bad and many look good on the surface but turn into scams so fast you can't turn your head around and say what.

investing in ICO means investing in something that is not yet take any shape, it would be a great gamble so if you want to gamble then go for it.

but trading on the other hand means you can see the coin after it is released and it has shown its weaknesses and powers and also you can see the volume, the interest people shown and many other stuff and make your investment then.

It really depends on people if he really wants to invest on ick or not since they are the one who's entitled with their money and there are some potential ICO coins are existing today, but as you say there are  many scam coin existing there but you can really define wich is scam or not since some of them are givinf so much bunos and to good to be true offers to their prospects. And if OP wants to trade a coin who's existing on exchange well he must try to trade xaur,xhi,stratis and draco.

I agree, poloniex and bittrex are so far the better if not the best trading place in cryptocurrency.  You can see almost all the major coins aims poloniex and bittrex since they have a good base users.  As for the coin, you can choose from the list of trading pairs and if you happen picked one, try to research it first before investing in it.  Read the troll box but never be influenced by it.

i think you start Altcoin trading from yobit and a huge of people are also using yobit for trading because yobit is much more good and secure and yobit is very popular and i also using yobit for trading .

As you pointed out. With ICO investing you are risking even higher - but you can gain much more. There are projects with high potential, serious developers team, and community & investors backup.
That is why I listed ICONOMI as example as I think it is the most promising ICO being released right now. Chances that huge project like them turn out to be scam is basically 0%

Of course something could go wrong, but nothing is certain with trading & investing in crypto, you can lose money trading LTC or ETH as well.

for me yobit only be good place to train your skills in the beginning .
but not good at all later if you continue trading for long term.
they are indeed have a lot of choice to trade altcoin.
but yobit for me morelikely to a scam trading platform  if you trade in high amount.

I mainly use the Poloniex for most of my trading. If the coin is not liquid, I will use the Bittrex. It is also good.

Most members above has posted some of the popular exchanges and guides that you could follow. I am adding that you could try a new exchange too since new exchanges often pay some altcoins to test their features so to exchange. You may should not expect much profit from it, but it definitely is a money-safe way to start with trading.

Do you have any places where we can see almost new exchange sites so that i can collect their trial coins to try their service?

First of all! before even you open a exchange account, you need to learn how to recognize a good coin from a shit coin
Spend some time in forum and read some decent coins i wont tell you which you must find them ill give you a hint ( https://coinmarketcap.com/ (https://coinmarketcap.com/) ) after that take a closer look on which coins have the biggest change (24h) & volume, after you make a list go read their ANN & their thread a bit, the 80% of that are good coins, so you get a first idea
 Now go on Yobit and take a look at their trading pairs on the top you will see some good coins , and after that you will see all the shit coins  go read their ANN and you will have an idea how a shit coin look like,

Then go to an exchange create an account , pick your coins you wanna buy in, look at their price & check their history price to learn the market , what price a go and when its a no go,
Go for Poloniex or Bittrex

And remember dont be greedy..! first you need to learn , prefer the easy way!
Good luck with your trades

P.S. never trust or even read the trollbox !

First you must understand is that trading is a high risk activity, once you understand this please to signup in exchange like bittrex poloniex c-cex yobit and others, before choosing altcoin better to seek to know about the altcoin, learn more about trading and do not use the money that is prepared for everyday needs

First i will suggest you to learn the basic of trading.  If you are unable to understand or go witht he basics of trading, it is not wise for you to venture in it.  Anyway, after you grasp the basic, it is now time to do your research.  Pick up a coin you want to trade and read about  this coin.  Make sure to visit and understand the flow of their thread.  And never listen to the troll box.

learn to search and read a lot and that is the best suggestion that i can give you.

both about the trading itself, the basics and all other things about it like analysis and how it really works. and also you should read about the thing you want to invest in. if it is bitcoin you should know what it is and how its price is being affected.

if you want to invest in an altcoin then you have to know what that altcoin is really offering, and more importantly how many people are interested in it enough to make an investment. because even if the altcoin is good but nobody wants it, that altcoin will never grow.

First of all ,you need to know what are the consequences of trading ,the risk of investing and losing of it with a wrong move .i would suggest a research on altcoins will be the best thing for you to know where to invest.

start small and try to work your way up. and do not jump in with all of your money because that would be a bad decision. and you should know that despite many believing that trading is like gambling it really is not and if you can find out how to trade with speculations and finding best prices to get in and out then you would be successful in trading.

Try to select only those altcoins which will have reliable and known developers and will have a good number of investment and will have a good volume of trade.

If my news are actual, people at TuxExchange still give coins to newcomers. You can find them on Bitcointalk forum so I am not copying their current offers. This is their forum thread where you could find everything https://bitcointalk.org/index.php?topic=1541333.0 Good luck!

Yeah these features are most affecting the value of any altcoin, coins with that features will have good potential to increase in value in the future so any person who will have investment in that coin will not be disappointed and will earn a good profit in the future when the value will increase.

Yes trading is gambling but only for those who will be inexperienced in trade as they do invest without knowing any consequences of the asset and wait for the good time, and do not know that what will come! a good time or bad! . while those who will have knowledge and skills about trade can earn with intelligence and for then trading is business not gambling.

You do not know beforehand how much money people will invest into the altcoin, do you? Transparency truly is an important feature to determine a coin's reliability, but even when everything seem cool, there is risk so you are still advised to be cautious and keep your eyes on the development progress and check that it actually is progress, not simple forking.

I too my start from ybit so I will suggest you to go to yobit as I think that is much easy for to use by newbie and there you invest oly on those altcoins which will have a bigger volume of trade but stay away from those coins which are pumped by bots a little bit.

not forever the alt coins are having a reliable developer will having the happy ending, maybe there are a lot of example like that. I think too difficult just considering about their developer. and there is no guarantee about your profit if choosing the altcoins with the reliable development.

if you are new to trading in altcoin then you should visit at google sites to how to trade with altcoin . after getting knowlege you can start you trading at yobit.com . it is the best site ir exchange for trade .

i tried yobit but i find it as a shitty exchanger to use for trading.
the charts are terrible compared to other places and they have nothing to offer on the charts since they are ugly.
also they add so many scam coins to their site that makes it worse.
on top of that i had trouble withdrawing my money and their support was not responding me at all. i gave up.

Yobit offers a huge variety of altcoins so I think they are fit for newbie more, the withdrawal problem is not always the issue because I have been trading in that certain site and I have no problem that was not solve the soonest.

for small amount, you can start with yobit because in yobit, you can found many altcoins with the rate 1 sat. but careful if you are trading in yobit, because sometimes after the altcoin get pump, the rate is still going down until bottom and won't come back.

for middle amount, you can start with poloniex or bittrex. both have many of altcoin that you can choose and you can make good profit on that site.

my suggestion is don't use all in of your bitcoin, but split it into 3 parts, 1 parts for trading, 2 parts for buy backup, 3 parts for fund backup.

Usualy i traded altcoins on poloniex, because it is low fees can be trusted. You can try trading altcoins on poloniex, with low amount of bitcoin and you must learn about coins will be traded are like time for price going up and down. You must make analysis before trade altcoins.

Poloniex has 0.15% exchange fee if you place the order and it stays on the sell/buy orders book but also they have 0.25% exchange fee if you place an order and it is executed immediately (you sell or buy immediately the coin). Comparing to yobit it has 0.2% on all orders.

I have acutally been playing a little bit with Burst, just because of the concept and Algo. To stay on topic, I brought it up because the last few days that I was tinkering around it seemed the price was pretty stable.

I am only speaking of the price that they are showing in the wallet software, but I doubt that it is much off from the real deal.  It's funny that on Pol the price is actually coming up on NXT itself. 

True I do agree in yobit there's a wide selection of coins which you could choose from but still we must be wise to choose because some coins there might pump or not at all on a period of time. I do usually trade there using my profits on my signature campaign . Do quite good profits sometimes on trading new alts.

My advice to you is to be really really patient. Plenty of people are doing short trading and earn some money but that doesn't mean that you should be used to doing short trading. In short trading, you need to have a good amount of capital to see some actual profit. Only a small percent of your capital will be your profit in short trading.

There are times that long trading is way too long. You either should patient or stop waiting and sell your coins right away.

I may be wrong, but I thought that all coins based on NXT were really NXT assets.  I could not find Burst through the NXT wallet and did not follow through, I was too busy then.  I am getting more into the coin and I will add more here when I get more info.

If you are into trading altcoins, I  think you need to start with reading the altcoin section.  Find the coins  you like to trade and research on it.  The exchanges where it can be traded  will be more likely announced on the page of that  altcoin.  There are also some insights on what is the good altcoin to trade in that section too.

you can choose yobit.net thats a popular and a good trading platform for altcoin trading at first you need to understand the market behaviour like watch and observe the market for 2weeks trading needs very patcence and good decesion making skills

there is a lot of exchange for Altcoin trading but i prefer Yobit for trading because i also using youbit for Altcoin trading and i think that yobit is much more safest and easy and i am in yobit exchange and still Altcoin trader through yobit.

Yobit is also better, or I think the newbies should have to go there for getting trained for trade, but poloniex is also much better it also have a good number of altcoins, the reason for to go to poloniex is that the community at there is much bigger.

The poloniex is more crowded than yobit and I think that's will be a real place for advanced traders and like my experience I using yobit for my training for being traders. starting from the lower to be a higher.

Yobit has a variety of altcoins you can choose from and so far yobit has no issue since they are operating base on the standard principle of a trading business, I like poloniex if only the amount involved is material to me but for training purposes yobit is the one.

the firs step :
1. research to get more information about altcoin
2. buying a potential altcoin with 50% of your capital
3. sell after get some profit (it's good to take less risk with low profit)
4. buy back with your 50% capital if the price failling before you can sell your altcoin.

i always get fomo condition at coin which still pumping and when i already bought it , it already down and i must wait for another pump, don't be FOMO , better wait than stuck in altcoin that already dumped

There are place for start trading altcoins, you can try on poloniex, yobit or other markets. But before you start trading altcoins, you must have system trading (way trading some people call it with trading plan) it can help you for getting profit constantly from trading.

No constant at all , we don't know about market price so you can't earn constantly from trading. But , you can earn huge amount in first attempt because luck and fate also a bit of knowledge about volume and community

yes i am agree this, for first trading, i think we can get our luck to earn huge amount but after that, we still need to learn to get profit, and there many mistake that we do but don't afraid, because its normal. every trader will get loss and profit and its a good if we can take the lesson from this.

I agree with you there's no constant earnings on trading on daily basis since we don't know the movement of market price same as you said. But I disagree with you when you say that we would earn huge amount. On the first attempt it doesn't even guarantee us since we must be knowledgeable on doing trading because in first time we trade for sure we would not easy as it sounds.

Yes there is no constant earnings on trading., the daily transaction is different every day.  If  you  will only watch how the  coin behave everyday,  you can see the ups and downs of the coin, that shows how the trading  is done, there will be a scenario where lots of people are buying  the said coin and the other day it has a zero volume.

poloniex and bittrex are the most trusted trading exchange that have a lot of altcoin listed
i will believe on them for now , but never believe 100% of course
just avoid to trading on yobit ,this is personal advice (ignore me if you have different thoughts)
trading altcoin also frequently feel like gambling , as the price looks bouncing randomly

if you have a great skill with highest capital management also good trading plan, i think constanly profit is very possible, i have real friend where he can constanly profit arround $1000 per month from poloniex trading.

i think first you start trading of Alt coin from yobit because yobit is very easy exchange and you should buy maximum coin and and when i was new trader i also use yobit for trading and there is a lot exchange for trading but i prefer yobit.

If you are looking to trade seriously for profit, you need some knowledge to apply to your trading. Most of trading is just trying out what works, but you need some basic knowledge.  There are many good books out there, so I'll only recommend one to simplify your research. "Technical analysis for dummies" by Barbara Rockefeller is quite useful.

I already read that books but honestly i didn't get its objective and all the point is theoretical. For me experience is the best teacher and no books can be better on it. Hahaha. I lose some btc when i'm newbie at trading but that loses teach me many lessons and now i apply it and trade on profit. :)

I agree, each of us will have a different experiences in trading. It's up to us how to overcome when we make mistakes. Surely will lose at first but as time passes you will get better in trading and start earning some real profits from it. I think not just in trading that experience is our best teacher but in our whole life. :D

Unfortunately it is worth for me, i have system trading by my self. It was gave me profit from trading altcoins on poloniex, the profit constantly is mean i can make withdrawal profit from trading, although just small amount of profit.

Sometimes you're need for think for a twice for spending your profit from the trading into your capital and make your capital is grow more and more, so you will get more profit for that and that is a good way.

If you want to keep your coins on an exchange Don't since they are prone to being hacked(like bitfinex was) and or are scammers(Cryptsy is an example). For some altcoins that you can invest in, I'd suggest eth as they seem to be pretty legit.

i don't like reading these types of books. they are very informative and good but i find it a tedious amount of work to read it all for something that is not really going to work for trading especially trading crypto currencies. you can read some articles online though.

They are just our reference and theory in trading and we know that theory are not applicable in real practice sometimes, so the best way to learn in trading is through enough knowledge and more experience.

Many bigginers now in trading are lose their money because they are lack of knowledge about altcoins. As i can see many traders are get big profit by doing shory trade. Because short trade is very easy to earn bitcoin you must see the coins active and see how much different price between buy and sell if the different is 100- 300 sat that is good for short trade.

Remember to be very patient. The basic fundamental of altcoin trading is to buy low and sell high. Sometimes you can make short trades but that's not always the case. What's mostly the case is that you're going to wait for days/weeks before you can get some actual profit. In short trades, the only ones who's making some actual profits are the ones who bought a lot of that altcoins. If you're going to buy a little amount of that altcoin and then short trade it, it's almost as if nothing has added to your Bitcoin balance.

This suggestion would  be  the best to consider  and i totally agree with him, dont follow on the hypes and speculation especially on the troll box because  if  you follow them for sure you would   lost some of your investments because  they are just promoting their  coins which  doesnt  have any guarantee to pump.

But if the developers disclose their identity and they share all their activity with public so we will be able to know that how much they can struggle for their coin and how much they are reliable and by showing their identity they will not commit to scam people.

I also like these points, but sometime in chat box, some suggestion useful, i am not saying that all are saying right in chat box, but sometime it will be true.
And also if you have skills to do trading than you will be succeed, i saw majority of the persons who have no patience and become panic and sell their all coins in frustration and later on they realize that they have lose.

The easiest way is to buy some bitcoin and transfer it to an exchange. Then you can trade bitcoin for any altcoins they have to offer. Choose an exchange based on the trustworthiness of it and the altcoins it has available.

Of course, that is normally done by traders here, because they do not want to open more wallet just to buy a certain altcoins. If they can buy bitcoins they can easily deposit in a certain trading site and trading site will already provide wallet for their clients, so that's easy.

knowing the identity of the developers doesn't guarantee the safety of the coin and it certainly does not guarantee you not to lose money when you invest in them. as an example you can take a look at ethereum that we all know the identity of the main developer Vitalik B. but we all know how manipulated and scammy that coins really is and it has caused a lot of pump and dumps and losses for many people.

That is right. But if you know the identity of the developers, you can know their traack record and find a good one.

No matter how you tract a  good developer  but still the  situation  of  manipulated  dumps and  pumps are still there. As  other members said here  knowing the identity of   the devs  of a certain coins would  not   give you assurance anytime that you  could  able to make profits of  such coins.

There are two basic strategies:

- try to trade the swings by buying low and selling high on exchanges

- try to buy in on the ground floor of new altcoins which are launching

For the first strategy, you can start by paper trading on exchanges like bittrex, poloniex, kraken, bitfinex.  Meaning, you keep a spreadsheet where you pretend you have 1 btc or 10 btc, then record your buys and sells.  You can paper trade in order to learn for a couple of months before you start risking real money

The price is falling and rising just slightly each time the players buy, loading up on the cheap coins without drawing too much attention.

Bro As You Said Above that You are New to Trading So I Suggest You Before Getting into Trading Firstly Get Some Knowledge about Trading Or Do Some Research about Altcoin Trading Because Without Proper Knowledge Of Altcoin Trading, You can Lose Your Whole Money.......

yes knowing the fundamentals from the coin you are supporting is very important and that's our advantage because aside from their own web site this forum also providing information so if you really interesting into trading and wants to support an alt project all you need to do is take a deep look on it here and keep tracing every single info about the coin.

i will advice before go for direct trade of altcoin you should only trade with Bitcoin only ( buy btc at low prices and sell at high )
after 10-20 days practice of trading of bitcoin will make you knowledgeful to make trade with other coins also and you will able to make prediction of rise and down of Price .

I do agree with you  because  bitcoins  price movement is somehow  moves  in small amounts which  you could  actually learn  how to trade with it  but   dont tkae it too easy because  trading  isnt easy  at all, the difference on  trading altcoins  is  its  more volatile compare  to bitcoin.

Trading bitcoin will require you a good capital so you will be able to make good amount of money with its fluctuation, in altcoins it would be easy as the price move faster than bitcoin, but sometimes when you do not pay attention you will be victim of scamcoins or what they called shitcoins.

First thing you need atleast read some good thread here in forum about the altcoins and tradings matters you just need to have a friend who can really teach you about trading coz if no one will guided you , you can lose money in the first place, And trading is not just a game if you want to have that then you need to learn on the best way.

in order to start trading alt coin the most important is to know updated news from the coin, you need to find exchanger that has the alt coin wallet, after that you need to check the alt coin price everyday because usually alt coin price can suddenly go high and it last in a very short time, so you need to make advantage of every opportunity
you can start to trade in yobit, bittrex, ccex, poloniex

First research about that altcoin. Find out if it has a forum. Read about its feedbacks. Study about its roadmap. Find out who the devs are. Other than that if you can't find anything about that altcoin then think twice before buying it.

It's good to be always smart in buying altcoins because that is most riskiest assets in the crypto world, study the trend and history of altcoins to determine which altcoins has a good road map and was managed by a well trusted and legitimate developers. Trust is the most important factors here, no matter how good your coins but lack of trust it will not succeed.

In one month for now i think the opinion of many member here is enough for you to get an advice how to trade in altcoins. Maybe now you can good trader or an profisional one. So good luck earn i hope you can earn many bitcoin by doing in trading altcoins.

yes mate you needed to make sure you already studied everything about the coin project before you enter and place your entry, don't place your self into something that you are unsure and no idea, losing small amount of money can be normal if you are just starting but you should learn from it and use that as your guide to make it successful next time.

Seeing how frequent an altcoin becomes a dump coin, I can only say that you should put your trust in the altcoin that you're buying. Yes, you can conduct a lot of research about it but all of them promise good things and mostly everybody is so optimistic about it. You'll get swayed by all those positive stuffs. Some dev even say that their project is doing great even if they are facing problems.

I Prefer You to Gain Some Knowledge and Information about Trading Before Doing Altcoin Trading Because it is Very Risky and You can Lose Your All Money You Invested In Trading and Also I Prefer You to Start With Some Big Altcoins Like Dogecoin, Etherum, Litecoin and Many Altcoins and Before Start Trading On any Website Do Some Research about the Website.....