Bitcoin Forum

Guys I'm new here. So I want to start trading crypto how can I start and what is the starting capital do I need. And What flatform or website do I need to use in trading crypto currency. And aside from Bitcoin, what other crypto currency can I use to start?

There are many markets for crypto trading. Such as Binance, Kucoin, Bittrex, Poloniex etc. Among them, I will order you to start trading with Binance. Because Binance is one of the world's largest and popular crypto markets. These are the advantages of trading of many coins. Its interface, design, and support are great one-liner. Moreover, its market graph is much easier compared to other markets, so the marketers of the newcomers will not have any problem to understand. There is a different market pian for Basic and Advance users, as well as the low fees of Binance are there on this. So, for the start of crypto trading, Binance is absolutely ideal.


just for example read this topic https://bitcointalk.org/index.php?topic=3500875.msg36173654#msg36173654 (https://bitcointalk.org/index.php?topic=3500875.msg36173654#msg36173654)

I think more capital is easier to trade with over less.. when your stack is too small you try to maximize every dollar and it makes you make bad decisions like not setting stop losses, etc. I'd say bare minimum would be 1000.00 but 5000.00 would be better.  Remember at the end of the day no matter how much you start with, you have to take risks and be willing to lose as much as 10% for the chance of making 50% or more.. but don't follow any bad entries all the way down.  Bitcoin is king and whatever bitcoin does, most of the alts market will follow.. you have to time the market right by buying near the bottom and riding alts on the way up, then realizing your gains back to bitcoin so you don't suffer the out of position effect.  Hodling is a term invented by bagholders to feel better about their losses.. real traders, in my opinion, realize gains safely and multiply back to bitcoin.  Usually, new people make two major mistakes:  go all in at alt coins at one time... or they try to scalp and day trade too much and get lost in indecision and fees.  Play the big moves, avoid the dumb zones in the middle.. take profits back to bitcoin.. wait to re-enter.

To answer your specific question... look to enter alt coin positions to multiply bitcoin.. there are no safe hedges to bitcoin so act accordingly until the market decides differently.

80% of trading is common sense and knowing how alts/btc/tether correlate to each other and adjusting accordingly
20% is Technical analysis trying to squeeze a bit more min-maxing over the above.

Good luck, if you have any specific questions about trading, please let me know. 

I've wrote some responses more in depth that can be referenced below if any of these topics interest you.

Exchanges: https://bitcointalk.org/index.php?topic=4377729.msg39044000#msg39044000
Paid Services like Signal Groups: https://bitcointalk.org/index.php?topic=3311676.msg34874137#msg34874137
Is Technical Analysis Useful: https://bitcointalk.org/index.php?topic=2944431.msg30246763#msg30246763

There are many platform or website that you can use to trade crypto currency, such as poloniex, bittrex, binance, etc. Every market have a pair for crypto, and my favorite platform is poloniex because they have big order book and their platform easy to use.

If you are new comers in crypto trade, i suggest you to create your own money management in microsoft excels or anything, this is used for tracking your profit-loss and also your capital.

I think you should not trade at this point, you can see that the market is constantly fluctuating and difficult to guess, so it is very difficult to trade successfully. Bitcoin prices are continuously adjusting and, according to my analysis, bitcoin prices will likely continue to fall in the long run as they are in the bearish trend.

To earn profit from crypto trading is not easy, before you start with real money much better you learn it in demo account. You can create demo account in HitBTC exchange or in Meta Trader 4 that offer crypto trading, like FXopen and Simplefx broker. And after you understand some technical analysis and risk management, you can try that your skill in real account by start $100. Also you have to create account in trading view platform because this platform will connect you with expert trader.

It's up to @OP to determine a budget he can use to start trading, the rule is don't invest what you can't afford to lose. The platform to use will depend on what you want to trade because not all exchanges have all the altcoins existing. And secondly, on the verifications that you agree to complete if any (ID verification,...)
Once you know what to trade, just check Coinmarketcap and check the "market" tab to see what platforms have the coin listed.

All of this information will be answered after you have had enough experience.
Each person has his or her own experience, as the difference of time, state, knowledge, capital and other things make the probability of failure to repeat the experiences of others likely.
How can I start: You need a secured wallet, exchange platform, and bitcoins
beginning capital: any amount.
Platform or website: Based on your state and fees
cryptocurrencies can I use to start?: It’s up to you but try to reduce the number

As for the starting capital, only invest what you can afford to lose. Do not sell properties just like what others did last year during the peak of the market. For the platform, bittrex is the best for newbies. You can also use cryptopia or binance. As for other cryptocurrency, try to make some research on the top 20 coins in the market and choose which one you prefer.

Trading is not a simple platform you must have analytical skill and strategies of Crypto market then only you will survive in this platform. So better you must gain some knowledge in trading platform automatically you are fit for this platform. My suggestion is longterm investment is good for you but day trading and short term trading little risky one.

There is no minimum amount for you to trade but id you want have more profit try to put large capital but of course don't do that if you have zero knowledge about trading. Learn first before you enter in the market, this forum can really guide you on your trading journey. Know the basic things, and you can surely have profit.

I would recommend you to open a demo account to get started trading because it is obviously that without experiences you will lose your money quite fast and another important advise, it would better to invest instead of to trade.
When you will open a real money account I would recommend to deposit such an amount which you may lose.
I wish you good luck.

I believe the trade at this time is very dangerous, you can see that bitcoin prices are constantly fluctuating and adjusting in recent days and that has made the price of altcoin is constantly falling. According to my analysis, the bitcoin price will reach $ 7100 in the coming hours so you should not trade at this time.

Start with aproximately $500 - $1000, that is a very good amount of money to start trading without worrying yourself too much about what you can earn in a daily basis. Trust me.

Study the following,
1. Chart Indicator
2. Chart Formation
3. Support and Resistance
4. Technical Analysis
5. Chart Pattern

Regarding exchange,
You can start in any exchange and any amount, preferably small since you're still a newbie. so losing doesn't hurt you that much.

Remember always to buy low sell high

It's all up to you there's no minimum and maximum in doing trading. But remember this quote "The Higher the Capital, The Higher the Profit. The Higher the profit, The higher the risk.

---

There a lot of exchanges in Cryptocurrency Industry, some of this are:
• Poloniex
• Bittrex
• HitBtc

Check more here: https://www.bitpremier.com/best-exchanges

Well I suggest to study first every exchange, read their reviews,  etc. Some of the exchanges are scam so you better study it on your own.

---

There's a lot of cryptocurrency in the market you can check at https://coinmarketcap.com/ for the top cryptocurrency and study all of them. There's a lot of coins/tokens that has a potential.

choose top exchange like poloneix bittrex,binance,okexchange,kucoin etc. To start you need to always remember that the capital that you will only use is a money that you can afford to lose becuase trading is  like a gambling that you can lost all your capital in just a blink of an eye.

I heard that alpari (a forex platform) also trade cryptocurrency especially Btc/Usdt. Alpari is a reliable platform to deal or transact with. They have fast support and customer service system.

Wow you are too new here! I would suggest taking sometime to research over this question on the forum itself as this has been asked many times!

However, just to get the highlights I would suggest that you should start with the minimum amount of trading and according to the coins that you are selecting. If the coins are best in the market then you have all the freedom to invest more and more money into that specific one. But while making trades on rest of the coins you should choose the investment very wisely. I think little over 500-1000 USD is all right to trade.

Though I myself am not verified yet on this exchange (going on for almost a year now, lol), I'd recommend Bittrex due to its garnered trust and reliability from the community over the past years. Its simple and easy to understand UI allows even newbies to trade with ease. As for BTC/USD exchange, I suggest you look for a platform that is within your jurisdiction or which accepts customers from your area. Kraken is my all-time favorite due to the fact that I never have problems with their customer support alongside their trading platform. As for a capital, it highly depends on your capability or how much money can you spend without ever affecting your personal needs and expenses. It's a tough call but I allocate 10% of my salary into trading/investing and the rest goes to expenses and savings which had been my setup for over 3 years now.

The market is showing signs of recovery when the price of bitcoin is recovering very strongly, you can see that the market is showing signs of positive when altcoin prices are recovering very strongly. I believe this is a great time for you to trade altcoin, according to my analysis, the bitcoin price will probably rise and reach $ 8000 before the next correction.

This will take a detailed and long answer.

But first?

1) What is your plan budget? Just think of amount you afford as there is really no specific amount you can used as capital.
2) Do you already know trading basics?
3) There are lots of trading sites. What you preferred or plan to used based on your own research?

Some questions of yours have lots of answers. We need to minimize it first.

You can see that after the bitcoin price has recovered to $ 7600, there is a sign of a nagng, which is a good time for you to trade altcoin, a bitcoin rebound has caused the altcoin to recover. Very strong, I believe that bitcoin prices will continue to rise sharply in the coming days and reach the $ 8100 mark.

I believe you can trade at this point, you can see that the market has been fluctuating continuously over the past few days and it is difficult to predict, so it is very difficult to trade successfully. I believe that at this point you should just trade short and finish the day trading so that you can minimize your risk and maximize your profit margin.

I think this is the right time for you to trade altcoin, you can see the price of bitcoin in the past few days is constantly fluctuating and rising, this has caused the price of altcoin very strong recovery. , the market is up again, so you can trade altcoin at this point. According to my analysis, bitcon prices will probably continue to rise slightly before adjusting to the $ 7100 mark.

Start by first learning all trading techniques you can lay your hands on. More knowledge means more experience. Start trading bitcoin and ether,as they have much liquidity and volume to cause price to flactuate,and with this you can trade on its volatility

Today's bitcoin prices are showing signs of sideways, which has caused the market to rebound and altcoin prices are rising sharply today, so I think that this time is very suitable for you can trade altcoin. If you are a newcomer, take advantage of this opportunity to make the most secure and less risky, always having a commercial plan.

First you have to create account in crypto exchange like Binance, Okex, Bittrex, Poloniex, others. And after that you should has skill about technical analysis, this is important to decide the price in support or resistance level. When you understanding about support and resistance level and then will make more easy to get best price when doing buy and sell.

Crypto market is like the ocean so you can see a lot of markets/exchange to start your trading. Now Binance and Okex are a top market to start your trading. If you don't like those you can choose any one from others. And ETH, NEO, XRP are good to start.

As a beginner you need to learn from experience. There are many platforms that you need to know for trading such as kucoin, etherdelta, forkdelta, coss.io. In addition to storing bitcoin you can store ethereum (ETH).

First of all learn about cryptocurrencies, behind technologies and ideas behind them, because in the market fundamental analysis has very important place. Then try to learn technical analysis through indicators, Elliot's waves and etc. Personally I like trading methods of William D.Gann described on "45 Years In Wall Street". Also I like "Dimensional Stock Market Structures and Cycles" of Bradley F. Cowan.

I think that using Ether Delta is already becoming impossible, because this project is getting bad and many users are turning away from it. But regarding the advice of using etherium, you are right. This is a real and proper investment of your funds.

It seems to me now to invest costs in the elderly on the blockchain(ICO). This is more interesting and profitable.But if you have the experience of trading in the financial market, you can try to start with the crypto currency that is included in the TOP 10

I think you have been able to trade at this time, you can see that bitcoin girls have been increasing steadily over the past few days and now are showing signs of sideways and strong convergence. In my experience bitcoin prices will probably increase in the coming days, so you buy bitcoin and trade at this time your profits will be very high.

To maximize profit from high volatility of crypto market is for the better divide your money in to day trading and swing trading. Chooce 20 top ranking coin for day trading and chooce low market cap coin that has good community for swing trading, because this kind of coin possible to give you up to 10 times profit just in amonth.

First of all it depends upon you , how much you want to invest in trading and as such .
Don't invest what you can't afford to loose,it's really a risky process, there it comes with no surity and you could easily loose all your money.
Secondly we must know that a good and a trusted trading platform is a must one that's well known and acceptable.
Ex. 1Fox
Then you should know that you need to improve your genral knowledge because you need to know everything about cryptocurrency news and all, because that is how the price changes.
You need to be active and always set an alarm for the price .

As a newbie it is challenging for you to start your trading. But if you have a patience and have the mentality you can win. At first you have have to make account different exchanger like Cryptopia, Hitbtc, Binance, Mercatox, Kucoin, Qryptous, etc,, . Secondly you have to open MYetherwallet address one. Not only open account but also you have to learn how to trade in these exchanger. You can take help from your friend or Google is waiting for you. You can take help coinmarketcap for up down of coin price. Best of luck.

If you intend to trade Bitcoin regularly, then you must have some deposit in one or two Bitcoin exchanges. Meanwhile, unique platform features and trading options will be the most important aspect of exchange exchanges on the market.

Great advice, this is how trading works we have to understand everything about it. Being a trader is not at easy task because your money is really in risk. Knowledge is very important in trading so you can protect your capital especially in a bear market, if you're new in trading keep on learning you have to learn more  so you can be stronger in this market of high volatility.

You can use to trade currency kriptocurrancy like poloniex, bittrex, binance, Every market has a pair for cryptocurrancy and my favorite platform is poloniex because they have big order book and their platform is easy to use. If you are a newcomer in kriptocurrancy trading I suggest you to make your own money management in microsoft excels.After you know what to trade, just check Coinmarketcap and check the market tab to see what platforms have registered coins.

You need to choose the most convenient cryptobirzhu for yourself. for this you just need to register in 2-3 exchanges and choose. And then you can try to bargain using a small amount to learn. You can trade with currencies from the TOP 10 it's safe.

That kind of advice are common to followed by the other traders of this crypto, but most of the beginner are didn't know about what they should do. Well yes this is a good advice that really can help  with the other member.

i have not seen any analysis of the news that happened, which is very influential on the movement of market. news that occurs usually leads to fud or fomo, and this is complementary to our analysis

$500 is a good starting point who wants a good experience in trading. You can use Binance, Cryptopia or Huobi. Maybe try buying Eth to purchase tokens from ICOs or either EOS or  NEO. You can also pick the altcoins in the top 30 in coinmarketcap for lower risks on your investments.

Here is an interesting educational article from Hackernoon (https://hackernoon.com/beginners-guide-to-cryptocurrency-trading-how-to-make-profit-fcaf68f63b44). You can learn something from it, but In fact, there are many similar articles all over the Internet. You may just google it.
Besides, you’ll be needed to find proper exchange.  The choice is up to you (you may google some reviews about platforms as well), but I’d like to suggest you to try CEX - https://cex.io/. This platform is quite simple and friendly for beginners like you.

I'll try to simplify what you need to do. Trading is simply buying of bitcoins at a low price and selling when the price is high enough to give a significant amount of profit.
You simply need to start trading by buying any amount of bitcoins to get your capital. In case, you don't have the money for the capital,  it is advisable you participate in signature campaigns to earn your first bitcoins which you can then use to trade. Participating in signature campaigns however requires you be a Jr. Member or above in rank.
You can use cryptopia.com or bittrex.com for your trades. They are very good trading platforms.

Crypto Trading is high risk activity, so better you should be know first how to make the risk lower by make trading plan. And learn first in demo account is better before use real money. For demo account you can use MT4 platform like Simple fx. Many trader was make the same mistake like greedy and not patient, and dont use stop loss in every trade. And when you want to use real money , important to use exchange that has stop limit order as stop loss like Binance, Okex, Bitfinex, Bittrex.

To start a trade in cryptocurrency,you need atleast 10$ to inverse.You have to learn patience in trading.

My suggestion is localbitcoin.com , it's the trusted website from long.I had trading more than a year in this website.Previously ,I had used coinbase for bitcoin trading.
Apart from bitcoin, their are lot of potential cryptocurrency available in the market.They are Ethereum, litecoin, Monero, Ripple,Waves,Neo and IOTA.

You need to learn Bitcoin, but bitcoin needs capital. You can try with Ethereum. And my favorite exchange is Coinbase.

There is no general answer for your most of the questions. However, the best way to learn how to trade is starting actual trade and gaining the practical experience by testing self-generated trading strategies in multiple situations. As far as the starting amount is concerned, you can start with the minimum required amount as per the exchange and start trading. However, I would recommend you to invest your time before investing your money and try to understand how the market works.