Bitcoin Forum

Greetings! ,

I am Annie , yes i am new at this forum but playing dice is my habit since two years , and i am top 3rd player at crypto-games.net

https://i.imgur.com/oSgqAbS.jpg

i daily read about altcoins trading and yes in these days buying and selling altcoins , at yobit, poloniex and bittrex.

In Short, my question is this still i am unable to get profit, so please i need help and suggestions and if someone wants to tell me any secret then sure i will pay for it.

Thanks  

It's tough to say. It's almost like asking "Whats the secret to the stock market". Prices always fluctuate, some more than others. Nobody can really know for sure whether they will go down or up, although there are

ways to know the general idea or "trend" of a coin's value. This I am not too familiar with, although I'm sure there are websites or videos that can tell you all about it, or people on the forum who would be glad to

share how to recognize the trends of a coin. But I suggest keeping a close eye on the altcoin values and try to recognize and become familiar with what causes a coin's value to rise and fall, that way you will be able

to predict the rise or fall of a coin.

Patience is a virtue.

https://bitcointalk.org/index.php?topic=1414824

2nd thread to post same link.

'newbies! like me don't post whenever you want to'pls browse first before creating a thread.

If altcoin trading doesn't work for you then try something else, there is no point in throwing money away if you don't find it works or you are making progress. Try different kinds of trading like leveraged bitcoin derivatives or forex markets.

You have started already but you dont know it yet because by taking the first step in creating the Thread is a step in the right direction the next thing is moving in that light and be determined to get through it no matter the challenges because it might get rough and might be discouraging.

SO gather your energy to read there are various thread on the subject matter you raised which have been attended to by Pros in the art of trading so go read them up to update yourself first then you can now come back to the point of taking action on buying the right coin or selling at the right time but at the same time be ready for the risk that you will take because that is what will decide whether you are ready for this or just wishing.

Well, I guess your an expert dice player due to you always on the top 3rd player in playing dice. It means your not innocent here anymore because you also doing trade in the exchange sites. And as I observed also I think your not  just an ordinary member here, well if your really interested, you ask me privately or send pm in my message.

For surely, You're in the correct place to read the whole of the trading discussion thread. But analyse what's your problem? if you unable to get profit. I may think if the problem is there on your method to doing a trade.

Welcome to the forum Annie, I would advise you to start practical trading with low amounts and do that more frequently. Make sure you pick the right pair for trade because there are more than 600 altcoins at this moment and most of them are going to end up with a loss so be careful while choosing a pair. Alternatively, do your own research and don't rely on other's opinion, especially when it comes to the financial matters.

Seems that you are like a student in the campus, need to learn everything in the school. Just like what you are doing in the forum you read most of the time in the thread regarding about bitcoin, altcoins, how to trade in the different exchange platform. In fact, you have a lot of capability  to get profit here. actually, you're doing it already in the trading sites, but wait, aren't you done yet or what I mean have you ever try to participate your account in the signature campaign? if not, try to apply there just do their rules and policy for you to be qualify for the bounty after 1 month almost of the campaign.

Its hard to make profit on trading you must have a patient.But I will recommend you to start buying some tokens from some popular altcoins ICO because you can get profit on it after they release on exchange and trading site.

first order of business, stop gambling. or at least do it with an amount that you are not going to miss when you lose.

second order of business, stop using Yobit, because it is a bad exchange, a shady place and also it is a terrible place for a newbie to go and trade because they have fake everything. fake orders, fake volumes, fake orderbook and finally fake pumps. you don't learn anything there and only waste your time and money and get more confused.

continue using bittrex and poloniex, but try to first study the markets for a while. don't jump in, look at the charts, history and try to predict the next move then move the chart forward and see if you were right. do that for a while and then invest.

Thanks to all, leave yobit , buy tokens. good suggestions.

Before starting you need to learn many things about trading when it comes to altcoin you need to start with low amount. Better choose most trust able exchanges like polo, bittrex so that you will find lot of volumes in it. Follow their ANN and see the updates about coin daily many keep on posting their reviews in ANN.

Yes before its starting you need to learn many many things how does trading works and how to earn money in trading. As a trader you need a lot of research like looking at the twitter and the ann thread of the coin you want to buy. Gets a lot strategy because sometimes its effective but don't trust in all time in strategy follow also the successful trader get a lot of tips.

For any newbie even like me trading in alt coins is very difficult because here we have many fake devs which start new coins for cheat and run with money is very usual business so you need to be very careful about this first read all about coins and relative things very carefully and then invest which you can afford to lost is better option

More tips for OP, It's a good thing that You're a Gambler and I'm sure you understand the risks involved. I'm not a trading expert but I suggest you check out Altcoins section of this forum. There you'll find a lot of coins, some are already in exchanged and some are just in development. Always make analysis of coins you in tend to trade based on Community support and a few other things. A Coin with a large community fanbase has a chance to succeed so such coin is worth investing and trading on. You may want to try out ICO investing too but Be careful. There are Lot's of scam ICO

The key is research research, research and patience. You need to read a lot and be informed. That is the only way you can have the right information to be able to predict the trend or where the price of the coin is going or what is the real value of of the coin. It is way more complicated than playing dice where the only choice is high or low. There is no one formula in earning in trading, you have to find your own trading style that fits your need, risk tolerance and target profit.

As a newbie you need to over come your fear in order to start trading, trading is not an easy job to learn in one day and there are no specific rules to follow in trading you need to act according to market situation. You will get those skills once you are familiar with analyzing market.

Loss at the start of trading in my opinion it is reasonable, because to be profitable in the trade required a good learning. Maybe a little suggestion in the early start of trade would be better to establish the amount of profit and loss, it is intended that you start a trade according to your target. After that begin to analyze and you should know how the trend at the time, adjust to the market conditions at the time. The basic method of trading is basically technical and fundamentals. I'm sure if you're already familiar definitely be can get a profit.

Cotinuous learning is the key. 'the basic method of blah, blah, blah' don't know what you mean.

There are so many threads already asking how to start trading you can go through them to have an idea. Few of such threads are listed below;
https://bitcointalk.org/index.php?topic=1396650.0
https://bitcointalk.org/index.php?topic=1770001.0
https://bitcointalk.org/index.php?topic=1519299.0
https://bitcointalk.org/index.php?topic=1702677.0

Hi annie, in trading altcoin you have to be patient and you should read graph, supply & demand, and trend. Do not follow trollbox, and don't jump in peak price if you are not sure

Come on! You are just starting this business, so you need to be patient to gradually acquire the basic knowledge and experience to succeed in this business. You also need to be aware that markets are always unpredictable and that is why you only should invest the money you can afford to lose. But with patience, discipline and persistence l have no doubt that you will achieve your goals in trading sooner rather than later.

to me i think if you are very new in trading then you  should try to take start from trading alt coin. where you can find such new currencies whose have a very reasonable price but having good potential, so investing in such currencies you can get some experience and have very little chance to lose your big amount of money, you can also get a chance to make big money from investing a small amount of bitcoin in alt coin section.

Congratulations Annie. :)


Be careful there! They're not as secure as they convey they are.Most of the coins traded at YoShit are Pump and Dump.YoBit gives them a paid promotion.

Why not try investing in Crypto-Games.net's investment programs ? They can be lucrative too!TBH,if you are not good with numbers and finance basics,trading should not be your way of making few bucks.

Altcoin investing is a great thing. One can earn even 10X earnings from altcoins but it's difficult to find altcoins having good potential. Especially when we wee hundreds of pair with thousands of buy orders (most of them from bots) on various exchanges. One must make a deep research before taking any investment decision IMO.

That is correct.Most of the altcoin projects with good potential don't intend to put them out in the exchanges as soon as the ICO ends.If you are falling for shit coins,make your money worth it if at all it lasts until the project turns into a scam.Only handful of stable alts in the market right now.I'd rather invest in bitcoins which is undoubtedly the best coin.

As long as you decide to do trade in the exchange site. Immediately, you can start and do the trade. but never forget to buy bitcoins first for you to have a chance to buy some other altcoins in the trading platform. then try to observe the traders on how they play and how they put a buy wall or sell wall order, and always update or read the message inbox in the trading platform.

There are ways to earn from trading, you can do day trade or long trade much better to do both... day trading you can earn everyday usually low profit...depends actually how much u invest... On long trade u need patience buy the possible smallest amount of coin and wait it to pump.. do some research on what coin to buy.... And since you are a dice player u can gamble some coins... btw maybee you can teach me some strategies on dice game...lol... goodluck....

Transfer some Bitcoin to a reputable exchange. Set up a sell order for a small amount but only for a high price (like we have now). After the sale goes through, set a buy price but make sure the buy is low enough to make the profit you want and account for the fees.

Make your strategy they are many strategy made by traders that they used to get profi in trading.I recommend you to search some strategy that can fit to you. Im using the strategy called Wall stalking and dump buyer.

Many experts have given some good suggestion about trading, but when it comes to altcoin trading you need to have patience, with one day you cannot make profit with altcoin trading. Better i my best suggestion don't look for higher profit because when you look for higher profits it will take long time to make profits. Go with marginal trading.

To be honest, I have lost my money in my early phase of trading by investing in scam coins or pump and dump schemes. Therefore I spend too much time in research before investing in any investment option to prevent loss. No doubt bitcoin is great investment for the long term but altcoins are also rapidly growing, the only thing is to invest in wise altcoins to make good profits.

Nowadays you do not need to buy or invest in any altcoin because from yesterday the price of bitcoin once again started to increase faster and now everyone need to invest in bitcoin only. For you I also suggest that you start trade in bitcoin. Put your money to bitcoin as much as possible and hold them for longer you will get more higher profit than any other investment.

not only in trading alt coins but in all format of trading and investment you need  to be patient. for example those people who have invested their money in bitcoin when the price was trading below 400 USD level, they show patient and hold their bitcoin for the period of one year, their invest  will almost become triple in some days. 

alt coin is a bit unpredictable, you need some basic about how to read chart and follow the market trends, since alt coin is a bit different with stock, so you need to be more active to find news and where the investor put their investment, and trading alt coin need to extra patience, because the price sometimes can stuck for weeks

For us to start trading, we should have a bitcoin balance into our wallet storage.  So that once we go to the exchange platform, we can have a choice to buy a coins were we think the coin has a capacity to increase the price value or drop the price.

First, you need to have an exact experience in trading, know more of it before you start trading. You need to look also the movement of the crypto-currency that you want to trade if not, find another. There's a time for the trade to withdraw so be patience because its need a much of time if you.want to earn much more, patience is the key.

There are not secret on trading, you just need the best way trading altcoins that gives you profit
( amount of profit more much than amount losing in trading altcoins)
you must make method trading altcoins that suitable for you and it can be made by your selfe
i don't know how are your stylish of trading altcoins.

secret trading only one, altcoin trading, bitcoin trading, gold trading, forex trading and more
you only buy in low price and sell in high price, you only see in chart price , about low price or high price

I would suggest you that you are just a newbie here.
So first get some knowledge about bitcoins first.
Because people might easily scam you.
I would recommend that you at least reach member or full member before trading.
As till you reach the rank / post of full member, you will automatically have enough knowledge about bitcoins.
As you will constantly read posts sent by people and even you putting your points.
You can even earn in this process.

At all types of trading, even it forex trading, USD to BTC trading, or altcoins to btc trading, that's all required peoples to have expertise to read the market.
All you can do to trading altcoins is read, read, and read.
Read anythings about what altcoin do you want to trade, how and who is the develover, the volume, everything about that coin is needed to make a speculation.

No doubt that the people who invested a long time ago in bitcoin now earn a lot but those people have taken the risk and were patient and always believed in bitcoin even if it dropped in price, and I think that if we want to make money out of trading we have be patient and not sell whenever the price goes up.

you can start trading anytime you like, as long as your ready for it.
and have enough fund for trading. I mean you have tools already, like bitcoin balance, bitcoin wallet address,
what else, and of course you'll have to be patience on waiting while holding your coins.

In any exchange platform actually, you can really make a profit it depends on how you gonna handle your situation in trading. Now those trading platform which I can consider as legit and good to trade in was Poloniex, Bittrex, C-cex and Yobit.

Actually, you can't start trading anytime you want. You have to study is in the first place since it's not basic to do.
And as you know how to trade, that is the time you can start. Knowledge it the most important in trading since without it even though you are patient, it would be worthless.

There isn't sort of secret for trading in general. There are tough a few rules :
It is kind of gambling as some luck is surely involved but basically what you do is buy a coin when the price is low and sell when the price is high. And then again repeat the same process.
The thing which i think is important is you should take the risk as sometimes it can be worth and also try trading with high amount like 300$ or more as this will save those fees and you get some profit. If you trade with 10$ and get a profit of 11$ but the fees can reduce it to 10.5$. Another thing as for now if you want you can buy bitcoins and hold it for a few months and wait for china to some sh*t and sell your bitcoin at that moment itself.
Or what you can do currently monero price is really low so you can buy some monero and wait for the price to increase and buy bitcoin.
If you want you can check my thread for a basic idea of trading : https://bitcointalk.org/index.php?topic=1841745.msg18325966#msg18325966 (https://bitcointalk.org/index.php?topic=1841745.msg18325966#msg18325966)

Clearly you have a huge appetite for risk.  This is not always a good thing, as with trading your situation could be even worse than gambling if you're not very good at it.  My only advice for starting is to not put in too much money, and only put any money into coins that are moderately stable and have been round for at least a year without being seriously dumped.

welcome aboard to this forum and i hope you enjoy while you read many info in here. its good if you are top 3rd player at crypto-games.net but i think you need to stop for just playing gambling and you can trying to do trading. i guess poloniex or bittrex is the right option for you to start trading, but you need to learn something about trading. i wonder, what you want to know with trading? i think its easy to do trading, you buy in lower price, waiting for a while, sell in while the price is increase and finally you can make profit.

If you want to start trading whether it is altcoin or bitcoin. Make sure that you already know the basics so you can have a good foundation in doing trades. Also make sure that you are updated to the latest news of the coins that you want to trade, for me, it is better if you choose popular and stable coins rather than fast pump and dump scheme coins. Just always remember to buy the rumors and sell the news, so you can earn at least good profits. And last but not the least, always remember to buy low sell high, if a coin is already in a high price make sure that it has a great support so if you buy at a high price. You can still make profit.

Whenever you see any of the top 10 coins in coinmarketcap with steady and somehow stable price over the course of minimum 10 days put 10% of your cash into buying that coin and completely forget about it until it's price moving upwards.
Like next time you see Iconomi under $0.4 you should go for it because it'll for sure rise above $0.5 again.
Also don't listen to anyone of the trolls in troll boxes/chat boxes in exchanges because they are all shills.

First of all here I will suggest to exit Gambling , enjoy gambling only for fun and don't make Gambling as an professional .
Second thing I will suggest that use only simple exchange site to make altcoins trading , that is yobit.net Because your.net have the simple way of trading option , if you got much experienced then use bitrex Poloniex like big and famouse exchage .
The third thing is my secret  that , never buy the altcoins at the current price , just give the advance order to buy and also give the advance order sell after buy .
This is my success secret and I am making profit with this my secret .

you need to start trading is, capital, and courage. sometimes people like to trade, but they hesitate to start, because notch losing money. Well, all the business risk of losing money if you do not set it up properly.

Even though OP is expert in gambling and has the third position that does not imply that she can be on top of trading too. Trading is a techy thing and need good knowledge if you want to make good income.

I think she already learned a lot here, And I do agreed that fear has no space to all traders. though I can't deny to myself that applying trade in the platform is really not that easy, but as long as you determined to do it you can start anytime you want.

Great tip there mate. Like OP, I need some information regarding trading as I just started trading a week ago. I just want to know If there's any website/app where I can see top gainers and losers (price of altcoins) Keeping track of pump and dump moments has proved to be essential part of trading.

Agree with you determination is need to do things that you want to do and it is the key of success, you need determination to learn all things in trading to be successful because trading is not easy.
Also your patience will test this method because it will took long time to generate good income and also you should start with good amount of capital for better income.

Of course, you need to learn the basic principles of trading then know the procedure step before making trade in the exchange sites. Because  many are here but still got confuse about in trading. That's shows only that doing trade in the platform is not a joke, it will really need full of analysis, and observation in the movement of the coins in the market.

Analysis is just a part of trading which is required to make the profiting effective compared to an analysis free buy low and sell high concept. Basic principles of trading can be learned effectively through small scale trading platforms available in several trading websites.

Learn basic and capital, both are the most important things before making trades. That's helped you to improve your chances of success. In the worlds nothing is simple, contain full of risk. In trading you should deal with risk, only some people come over this and get success.

I think the price movement is the most important thing in trading. we could have lost the advantage when we are not focused look at price movements bitcoin / altcoin every day.

yeah Price is very important think in trading if we focus on price and we buy bitcoin with low price and then sell it with high price then we can get a good profit.

@OP I may add also that patience is also another traits to learn aside from knowledge that is is more important. Being patient some time  is an advantage as it gives more time for a coin to appreciate.Also, you can set your SELL Order and wait until it is being hit. Also, in trading you must be updated from time to time about your coins ,you might not know, it has no value or delisted already. :)

If you really want to take this activity seriously, and earn a living from it, you should consider seeking the help of an expert. If you are not willing to do so, there is the possibility of learning through free content on the internet, but that path may be longer and harder.

Trading was not just simple or easy to apply to do it. It needs time to study first before you proceed in the battle platform. You supposed to have a proper knowledge in trading for you to obtain profit in the exchange platform. Meaning, if you know what you are going to do in trading well that's the time for you to start in doing trade.

If the price doesn't move at all there is no trading basically right. I've just had to switch off for a couple hours due to market standing still. Others look to regular markets when crypto goes still but you need to understand whatever market you trade so i just stick to crypto.

yes trading is not such an easy job, it really require a lot of experience and skill. if a person do not have any experience in trading then trading is really risky and one can even lose his own money in trading.

If you've already got some altcoins or Bitcoins, then you could use an exchange to place a sell order for a portion of your coins for a relatively high price (higher than you paid for the coins but also high enough that it is on the upper side of that coins trading range). This will get you started and you wait for the sell to go through. Once sold, put in an order to buy that coin or any other for a relatively low price.

It is alright if a person doesn't have a experience or skills yet because he can start trading with a small amount of money to test the market and gather some ideas and experience from doing mistakes and after a few trades he can develop a skill which he can use to trade well and earn money. It is all about risk taking and being brave in facing those mistakes and applying it to yourself to be a better trader.

Predicting the price is a must in trading because through this you can know if you will going to buy or sell. The first thing to do if you want to start trading is you need to keep on your mind that there is always a risk in trading so you need to work hard and focus on your trading in order to earn more. Then you will need to have a knowledge to regarding on different kind of trading so i suggest to start reading different topic about trading for you to know some tips and guideline. Then start on doing signature campaign for you to earn and to have an capital to ensure all your tradings.

Patience is a key and just wait when the price below from your buy order because maybe that is a bait or just a manipulation. Make sure with your own decision and see recent buy/sell order history to see which coins are best to trade.

Trading is an unpredictable business especially margin and leverage trading. I will advice you to visit babypip web page and try learn how to trade then following advise given there on money management principles in trade. You should also developed your skills and trading knowledge through practical account or demo.

Well I think that the playing dice cannot be good for all of us,, it requires investment, time and the strategy to win, We have to focus non the learning of crypto currency trading or normal currency trading as if we understand it then it can change our lives easily within the short time.

yes that is very right. in fact people are investing money in bitcoin because of fluctuation of the price of bitcoin. for example i current time people are investing bitcoin because they are expecting that the price of bitcoin is going to increase and will give them a good proft.

yes that can be correct, if there is some fluctuation in the price of bitcoin, then people will  like to invest their money here as they can get chance to make good money there.

My suggestion for you is to deposit just a small amount of bitcoin in one of the trading site that you know and then start trading explore it by yourself just deposit 0.001 in the coin that you like after that wait and the strategy is buy low sell high you can see that in the chart and if you get profit in that coin then invest more and start the real trading.

Since there is no demo account in the trading sites of coins then trying trading with just a small amount of capital is a safe one and it will not affect you pocket when you fail in your first few trades. After you deposit a small amount of bitcoin then it is good to study first the market and observe the movement of the coins so you will have a high possibility to grow that small amount of capital into a huge one.

trading is diffult. bt you can following some rules. you become trader..
    1.Decide if this is the right strategy for you. ...
    2.Get an education. ...
    3.Select an online broker. ...
    4.Start researching stocks. ...
    5.Make a plan and stick to it. ..
One advice for u (No risk No gain). trading is so risk bt u can follow this ..i think you can succes.
   

Ok so in order to start with trading you will need 1 btc to actually see some profit. What you should do is invest in any altcoin or even bitcoin and wait for the price to grow. When you see the price is growing steadily don't sell just wait. When you see there is a bit price drop in any wait for 24 hours , if the price still drops sell everything you have and try some other altcoin.
Normally most people do bitcoin selling but currently i don't think any sort of drop is going to happen in the coming future.

I want to believe that OP meant Bitcoin/Altcoins trading and not Forex Trading. However, I do see a lot of similarities between both  trading activities. Yes, Altcoins trading is also a bit difficult as It involves knowing the right time to either buy or sell.


By the way, Your tips are good, Could be applied in Altcoins trading IMO

The thing is, you will never know when you will be ready. The only way to know this is to go and trade. You will suffer losses but you will gain experience. As you have more experience, you will be better and more profitable in trading.

Even you are just starting in trading you can avoid losses by doing a lot of research and studying the market very well because trading also needs knowledge and analysis to make it profitable. If you want to get good results in your first new trades then study first and learn how the market works so you can avoid hassle of being a loser.

You can start trading by trying it first is choose a trading site then deposit and then start trading just use 0.001 bitcoin became it's your first time with that 0.001 try the trading an know how trading works and after that maybe a 1 week start the real trading with a big money that is involve.

But but no one should start trading, once decided to do so. We must ask ourselves whether we are already for risking our capital ? Because losses is part of trading and how we are going to tackle the risk levels by showing our knowledge and skill is the key whether we need to start right away or after getting ready.

Choosing site and depositing money are things, anyone could do, but the catch is how effectively and how profitably we are going to do trading is really matter and we need to get ready for ourselves for these things.

That’s it, trading is all about profit in the long run. At first, and especially when you are new to trading you will probably loose more than you profit but think of your losses as paying for the experience you gained. Eventually you will find that you are able to profit more than you lose.

Of course, even the best of traders can make mistakes. I guess my advice is to just go for it and keep at it even if it doesn’t seem like its working in the beginning.

In trading industry. We shouldn't think that trading is just an easy things were you can  gain profit in a quick manner. Of course is not like that. Just always remember for you able to start trading in the platform you must first the basic stage of this one, and you must be aware of the coins were you're going to trade in and third you must know how to analysis in doing trade.

Learning the basics first before trying something just like trading is a must to do because it enables you to understand the platform very well and you will not waste time if you study first because when you trade then you know what to do and what are the don'ts so there is assurance that you will trade properly because you already know the basics of the market.

It will not be easy to getting active profit from trading activity due to there are many factors must be learned
for example, you must understand about analysis technical for making prediction
 also you must have trading plan to manage your money, it needs much time and practice to learn about trading
but if you are always learn soon or slow will getting active profit.

These days trading is made easier by most of the trading websites. Every website has got some procedures to register as a trader. Fulfilling the requirements will make you go active as a trader and making regular buying and selling of bitcois and exchange of bitcoins to other altcoins.

First you need to have little capital to buy Btc or any alt coins . Then find out the local exchanges exacts in your country and see if there is any arbitrage option among other exec hanged . Or you can buy sell on this forum itself and do trading

You need to find a local exchange first in your location but consider the things you need to know if it is legit or trusted site. Trading is the most profitable way of earning because even you have a small amount you can join it, slowly but surely.

You must have system trading for getting constant profit weekly or monthly in trading
system trading is mean strategy in trading, how to follow trend of price,
how to analysis price and how if you make wrong positions buy what will be done,
 you must have  rules in trading, so you must understand analysis technical for find the trend.

On trading you need to educate yourself first and to achieve it you need to read in forum to gain knowledge and idea on how to start on trading. Practical tips may be share in forum through reply and new topic. I suggest on joining on a signature campaign rather than to gamble, Because as I experienced gambling is to risky that the probability to earn is very low. So if you are on a signature campaign that is the time you can have a capital for you to start on trading. Besides signature campaign is fast and reliable way to earn so is sure that you will earn. Then start working hard and focusing on your trading always monitor the price for you to know if it is better to buy or to sell then do not consider using bot but work for your own. Work hard and focus on your trading.

Learn charts, read about bull traps / bear traps candlesticks/analysis/ema1/ema2/bollinger band
Here are a couple of sites that you might find useful.
http://www.investopedia.com/terms/s/signal_line.asp
https://tradingsim.com/blog/bull-trap-stocks/
https://www.moneyshow.com/articles/DAYTRADERS-32191/how-to-identify--avoid-bull-traps/
https://www.cryptocompare.com/exchanges/guides/how-to-trade-bitcoin-and-other-crypto-currencies-using-an-ema/

Happy trading!

That is the exact reason, of why it is such a hard goal to become an educated full-time trader, not only part-time.

Without some kind of a technique which you follow every time you want to make a trade, making yourself successful as a trader is not possible. Sooner or later you will face the losses and only correct way to behave, is to have specific exit strategies and rules which you follow no matter what is happening.

You need to make up your own trades only if they follow your trading style, everyone should collect a list of "how-to" before opening any new orders.

Google out profitable trading strategy and start demoing until you are making consistent profits then you can deposit and design your trading plans and stick to it. then you go live trading with the amount of money you can afford to lose.

I dont get that,nobody in the trading industry says that things we have acces to and know how to use are easy to learn or get.

As a new trader you play against many kinds of different players, like big fishes or smart and old traders.
In fact, they have advantage beyond you which sets you up on a losing position


Only good cash menagement and correct exit techniques may lead you to good results, and what about rest of neccesary skills?

There are several apps and sites that allow you to trade with virtual money, but that by far isn't the same as is the case when you start trading with real money. People are more likely to take high risks as it doesn't cost them a single penny in case they lose out. If they then jump into the market with real money, things get serious and thus they will behave completely different. Or they will look carefully when to enter the market, or they go yolo (buy blindly). I think the latter is more often than not a frequent occurrence.

That is right. There is a lot of traders who are good in trading like the manipulators, professional traders and the old traders in the market. They almost know everything because of their experience and that is what you are lacking of, if you just trade and get some experiences then you can deal with them and beat them in trading performance because that is what makes the traders have gap and that is experience, get that experience and the skills and other kinds of things will follow.

When playing with virtual money or we can called Demo, people doesn't care about risk they would get because they don't even lose single penny with the virtual money, playing with virtual money doesn't help you much if someone think like that.

Yes " continuous learning is the key" professional traders leaned and developed their skills through consistent Learning. For traders that are new in forex or bitcoin trading, what you need to do first is to demo trade or open a practice account then from there develop your skills on how to trade skillfully , before risk your trading capital.

Base on my experienced about readings from internet and here in forum I just learned on how to trade perfectly I implemented those I read on this forum from people who giving advices to me. It is better to figure it out by your self than following some ones move follow what you've think you will gain income.

Then the answer is simple. Don't think like that. Sometimes it all comes down to your guts and willingness. If you have strong emotions like that. Making a demo account will be truly useful as beginners tend to lose more money than the experienced ones. In this way you can avoid losing pennies.


It is impossible to trade perfectly even the veterans can't do this what's more if its a beginner. Yah. Its good to learn the basic things from the internet by reading articles, discussing on forums, watching videos but you shouldn't just follow what they say. Understand that by learning you are not just repeating informations but instead you will learn how to think for yourself to have original thoughts.

In trading their is no secret ,only one policy that is first analyze and collect all details about the coin in which you are going to start trading. for some days observe the way of trading and then first try with small amount and then when you are confident then go for higher limit but main key is patience if you are stuck in high buying price then wait and dont get panic and sell off in loss.

For op, if you think that you are good in dice why not just pursue your dicing career? But if you are truly want to explore in trading, don't give up, that's a very normal thing in starting your trading career. Try to focus on some alt coins and know to yourself and assure that you will have time for monitoring them. Follow some tips and you'll be at good hands.

There's no secret in trading, what you need to do is dedicate enough time for learning the market of alt coins and as well as bitcoin.

You don't have pay for any method or tutorial because what you need is experience. Just make sure that you will start with small amount.

So that if ever your loss will be continuous it is not going to be that heavy on your part.

Hi Annie, I'm sure you learned some things from dice trading (hopefully bankroll management) that you can use in trading alts.

First, I agree with the advice below:


Here's how you can learn how to trade:

1. Set a small budget and deposit to more than 1 exchange (e.g. poloniex, kraken, btc-e).
2. Pick an altcoin that is not very hyped, but has some volume, and try to do a test trade.
3. Watch the orderbook and try to observe how people trade (this is to get a basic understanding of how it works not to mimic them - assume that they are losing).
4. Start learning the basics of technical analysis (you can learn the basics in a few days) and practice making your own analysis on places like BitcoinWisdom, CryptoWat.ch, TradingView.
5. Start making trades based on technical analysis, and don't risk too much at once (use solid bankroll management).
6. Don't pour more of your own money into it. Try to survive with your starting bankroll and reinvest all profits.

This is how you get started. If you can make it a habit like dice, your skill will definitely improve and you should become profitable.

Good luck!

Yeah that is the best way.
I will just add something to prevent wrong decision. Dont try to agree wirh the chatbox experts. They are just trolls or maybe they are trying to pump their own coins.
This method happens in Yobit and different trading websites with a chatbox. They create accounts for you to think they are different person.
I can vouch from it because i have been a victim.
Make your own decisions from getting knowledge in different altcoins.

Learning altcoins or bitcoins means we need to study on potential aspects not on technical side. Instead of spending time on that, we can simply learn common things which are more effective to make profits in trading. Yes, the common things are different trading tools and strategies, which are applicable to all types of trading.

Learning trading strategies and tools are becoming so easier now a days thanks to youtube videos and lots of other resources like blogs and forums. Just showing interests and dedications are more than enough to get ourselves experts. I believe these alone more than enough to get start with trading.

Congratz man on being such a nice gambler and a big whale if I am not wrong. Since you already know how altcoins work and where to keep them, since you gamble with doges as in that picture, you should just visit a exchange site like poloniex or bittrex and start trading there. But mate since you are a big holder make sure you know the limits on poloniex daily and monthly usage of dollars ( they ave some limit over withdraw ) though I personally never able to cross that limit :P

I agree with you. Trading like professionalism not like others job, it's completely different what you have expected.  You should need learning altcoins industry and in details knowlege among the marketplace.  Overall, you have ensured your skilled, busy with survey that's definitely help you further for smoothly walking.

yes that is right to say that there noting secret in trading you just need to get some good experience in trading and then you can really show good result in trading.

Oh yes, those trolls from the chatboxes are keep on saying that "this coin will pump for the next minutes, buy now."

And afterwards they will say, "this coin will be dead soon, try to sell out." most of them are spread in every trading site chatboxes.

They are surely will going to do nothing but false information when you are a newbie. I've been a victim of it too.

But upon knowing that those guys really does have time to do trolls and make it for their living, I don't fall for it easily right now.

start with a very less investment or open a dummy account for the the practice and learn the basic techniques or rules of it. rather than without experience or skills it will turn it into a big loss in your investment. so, learn the skills through less investment and when you are experienced than do it with good investment so, it will really help you. in one line trading altcoin is a very best source of earning but without experience it is worst.

If your just a new in trading and doesn't have such knowledge about what trading is it, try first to invest just a very small like 0.01BTC to 0.005BTC, then try how it works just a tip if you will buy an coins reasearch first about on what coins isn't, and if its have a good plan and roadmap that will trully make

It is a very hard task to start your journey on markets, and it doesnt matter if these are forex, stocks or crypto- you need to know the basics of trading, the mechanics and knowledge about the asset you are willing to buy/sell.
But if someone (like annie) is well-educated about altcoins and their markets, then trading becomes easier, you dont have to learn from the scratch.

I would propose to start trading on the alt you know the best as a first thing, because there will be no troubles with data about it.
After getting used to the mechanics of the markets, I would start observing other pairs, to see if they are attractive for me, or not.

Don't get too excited on earning in trading. Everyone will going through that way from the beginning. You just need to start from buying few coins that you can manage and I would suggest that buy those alt coins that has name and already a good market cap so that you had chance of making profit from it, don't buy those are near to be dead.

You need an investment first. Second, you need a site, and third you need a plan or a goal. For example this week, I need to earn as much as 1 btc. Then create a plan, just think of it how can you start earning bitcoin . For example, I have .5 BTC and in just a week, I need to earn another 0.5 btc to become 1 Btc, what will I do now is ny 25% will be going to gambling site and 25% of it will be going to trading site.

My suggestion are :
- a lot of reading (about some potential coins such as byteball, dash, litecoin, zcash and so on)
- watch and learn about charts and how it relates to 'time', so you can decide the best time to buy and sell
- see what others talk about (reviews)
- do your own research.
Good luck.

Even if they're shitcoins you can make a profit from them, you just have to join in a non-scam ICO and get ready for when the coin starts so that you can dump as soon as the price gets pumped.

yes that is very right if you do not have any experience in trading then you should really try to start will less amount of bitcoin.

btc-e.com

experience really matter in trading and the only way to gain experience is to do it with the less amount and learn the ethics first. the trading is a good way of earning but i think without experience it is the worst.

More importantly, there are several practice accounts which you can trade in for forex, which would teach you the fundamentals before you get into cryptocurrency trading.

yes that is a fact that experience play too much important role in trading, and specially in trading alt coin. i think those people who have too much experience in trading then they can make good profit from trading.

Experience is the great teacher. As you keep trading, you will learn the things that you need to know especially the techniques for you to be able make successful trades on next round. Enter the trading community if you are ready like having much more time for it.

The biggest problem I have ever encountered during my period of trading education was having enough time, to learn all market mechanics well.
That have led me to spending a lot of time, learning not important things, which is why I think that the best way to learn trading FX or stocks thanks to your experienced friend.
In my case, that have worked very well, but the most important thing is to have a goos teacher, if someone helps you to get the grasp on taking profits from different markets.

If you dont have any other way than learning on your own, then I would suggest joining traders community, to learn the basics.

Thank you for this! I am also trying to learn things about trading since I am planning to trade. Thanks for elaborating what other members are also trying to tell to annie9771 and also for putting effort. I have been reading articles about trading for two weeks and I guess suggestions coming from members here still matters since it is based from own experiences. This would really be helpful. I hope that I would succeed in making profit by means of trading.

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Trading can be done with steps and instructions to be prepared and it will be perfect once you complete you task. Not only choosing altcoin to buy but to know what coin has a potential to grow faster to make weekly profits. Learn more about the market mechanics to avoid lose coins when you sell.

The best advice i have ever seen, Most of the great trader experience also a big loss before they do trading perfectly we must learn from our mistakes and use it to make profit in the next trade

Choosing the coin needs to be done properly. You should be meticulously choosing the right coin to trade and for your start. And it's always going to be a good thing that you are just going to start with small amount so whenever things comes worst, you are fine with the losses and you can just start it again.

And in trading Bitcoin/altcoin, don't believe anyone that gives you any info that is not clear, for example,
gives you signals for trading before you actually already studying and find out for yourself that info is valid.

The problem of facing losses even in small amount will be eliminated when traders are opting get practising with demo accounts. When we are practising with demo for long haul, we never need to worry about losses after that. Because the demo accounts are capable of providing real-time experience which will be more than enough to become professional trader even before touching real market.

I believe hard practising with demo accounts before starting trading must be the right way for finding better trading.

Rule nr one is to never take anything for granted from what is being said in this forum. Problem only is that the majority of the people simply don't know what to do, or how to analyze the market, and thus will be looking for input from others. In that regard, there is no way for them to find out whether or not the input from others is helpful or not. People will find out afterwards. That's why I always advice people that don't know anything about trading or markets - just stay away from trading. Don't stick your nose into something that you don't know anything about.

Hi Annie! I would like to say that don't believe anybody who would come up and ask you for some money to share their "bullshit" methods that even they don't try themselves. There is nothing in altcoins trading except price action, because this is not forex where you get the news to try out your luck on a buy/sell trade, this is purely based on speculation and the mood of whales depending on which they move any coins from ground to sky.

There might be people that aren't giving a reliable signal but still there are people that has a very accurate tips though sometimes they may fail. But not all the time they will give a wrong one, it's up to you and it's your duty to avoid those type of traders that are going to give you false information so that you can avoid losses too.

First if all congrats for getting such a high profit. In order to start trading you first need to find a really trusted exchange and of course funds. Second you nees to check the prices of altcoins which are trusted and observe their charts. When you see the price of them is increasing more than usually buy with half of your funds and when the price still grows go all in. When you think the price is super high and this much profit is sufficient for you sell all the coins.

You can start altcoin trading easily find a very trusted exchange platform and you can also read some tips and strategies on how you choose a right altcoin

There are a lot of trusted platform in the crypto world just like poloniex and bittrex. It just depends on how you want to trade.

But it's better if you will start with a very small amount just like what others are saying. When I was starting in trading, my friend told me that I don't need to hesitate.

Also a friendly tip that don't be too greedy.

Trading is an unpredictable job that too in altcoin where the market is very volatile.You have to find an altcoin which is most under valued and your success lies in it.Better avoid newly released altcoins as most of them are just scam coins.Invest in a coin which has large trade volume.Dont invest in altcoins when bitcoin rally is going because its the time when mostly all altcoins start bleeding.

[1] Buy some altcoins when it released in exchange site is the best time to get some profit. Why? because on that time, those altcoins usually got pumped up and that's the right time to sell your altcoins (don't hold it too long or the price will decreased and back to ICO's price or lower).
[2] Not really, that's good time to buy more altcoins which you think it could increase so high in the future. You can get it with cheaper price than before now ;)

Trading is where people can make profit by stocking alt coins from exchange website or trading everyone is professional with this when knew about this or if you heard about forex its the same all you need ti to have knowledge on how you can mange your bitcoins to altcoins much better if you do watch youtube all the currency you want to buy and if you want to be updated theres social media to search it.

The best way of learning is experiencing, just try trading with just low capital, at this rate you can visuslized and even make your own strategies without losing lot of bitcoin. What I only do is wiat for a certain altcoins to go for their lowest price, and I do a buy order for it, and do a sell order after buying some with the highest price I think it can get. It doesn't work all the time but I make a decent profit doing so.

Well, the important thing before starting trading is that the information you get must be really accurate, because that would be an important point of your analysis. Without accurate information, it will be very difficult to predict the price that will occur, whether it will go up, or down.

You cannot be sure about the accuracy of information you will be getting all the times, that is the reason we must have strong analytical capability so that we can ignore those information. Yes, only charts and few technical tools are more than enough to predict accurate price levels.

In my experience we can completely ignore news because they are just the market trigger only fundamental analysis alone will win at the end of the day.

I am just a newbie here, base on what I read about trading. Before you proceed in the platform where you gonna do some trade of course, you must have enough knowledge in trading, and you must know also in which coins you are going to buy in the exchange site before you begin to trade. Because making trade is not a guessing type if you are a traders.

Ofcourse you'll need a exact and knowledge about trading. I suggest to you to ask some people who are pro or veteran on gambling so that they may share their experience good or bad to be able to be a lesson or path for you as you start in trading. And read some instructions and suggestiona here in bitcointalk so that your knowledge will be enough to make your trading life good.

I'd recommend buying some good coins and holding them. That'd be the safest but most boring way to play the trading game.

I cannot grasp the idea why so many people are suggesting investing in altcoins, in the moment when they are released.
First of all, this is not so easy to find a good coin, which might have a potential just before its launch. You can indeed might find many nice, cheap coins but still most of them are made for the pump and dump game.
Without a really good knowledge about cryptocurrencies and their mechanics, you are not really able to judge if the specific coin is going to adopt to the market, or rather is going to be dumped by people to just bail-out of the bad investments.

I just prefer to do investments in any other kind, they are much easier and they dont contain such a big risk like alt trading does.

with knowledge, you will know what you must do when you are in one situations and you know how you will solve the problem if you have and beside that, if you continue to practice from what you learn, you skills is also increase and finally you can mastered in trading and in the end, you will make profit.

It is good for a newbie to just gather some knowledge first before worrying about the skills because if he have knowledge then it will be easy for him to execute trades in the market and because of that he can gain skills and experience at the same time which he can use to enhance his knowledge. Trading is just easy for those people who have patience.

I give a way to start small profit trading like buying DASHS at 600Sats for 300 shares and then sell it at 800sats... only good for those really thin profit like 0.000001 BTC profit

your method is very good and I will like to learn it. I was a forex trader and you know in forex is just up and down your make profit today and tomorrow and loses all next tomorrow! I think should share more secret on how to buy coins make profit from it and convert it to bitcoin or eth.

like some one said, you need to be patience iin order to get some profits and know when to buy or sell, or find another solution like buying a good signal which you could follow and generate good profits, you could learn to analyze the market using the differents techniques such as sma, ema, rsi... to help you on your decisions

I think those techniques are not necessary because even just being updated to the news of the top coins are enough for you to make profit because there is nothing hard in trading and it just need patience and perseverance in doing it. Have patience in doing research and studying the market and after that you can completely earn profit when you do right decisions.

No doubt that the most popular game in the bitcoin/altcoins earning market is trading , but you need to ready for every moment of opportunities to get Profit .
You should only those altcoins which have strong base like dash , eth , dgb etc but never buy at the current price always place an order to buy the altcoin and always place the sell order in advance .
And second way for the earning in the trading is that make deals from one exchage to another , Usually some altcoins have price more different then what is at the another one , so always you should have bitcoin in every exchage and make your attention at every possible altcoin  .