Bitcoin Forum

I know a lot of people who are interested in making money now more than ever just because of the current situation that we have now. Most of us are in lockdown, and people are starting to need to have that extra income more than ever.

IF you are that person, what would you like to know before starting to dwell into the Trading Space?

• Do you want to be introduced to Bitcoin first?
• What is Bitcoin?
• How could you make money in Bitcoin?
• Basic Trading strategies
• etc

The list above is just an example, feel free to make your own.

This can be of help to many too, knowing that some are just starting, and they are waiting to get around to trading. And if you are a new trader, what do you expect in this market?

When I was starting to trade just a while ago, what I want to know is the behavior of the cryptomarket which as we know is quiet different compared to the stock market. What influences the price of the cryptocurrencies in general? Does the price of Bitcoin affect other cryptocurrencies and to what extent? By understanding as how the cryptomarket behaves, then basic strategies would be a trader's next interest i.e. of course assuming that you entered trading with necessary knowledge about Bitcoin.

I don't really know what to expect in the market honestly. All I have is price expectation in the short term which varies from time to time depending on the situation while in the long run I am more concerned with Bitcoin which I am optimistic about to reach new heights and would exceed beyond our expectations as what it had done in the past.

Their are so many services who provided paid call trading in cryptocurrency. From my personal experience if you trading by yourself you always being in loss. Because their are whales who accumulated whole crypto market. They liquidate your short and long position so fast. So for new person it's good to receive paid calls from experts and if you don't want to paid someone for paid call then best things to do it just hold your btc. Because if you are going to do day trading then 99 percent are chances that you loose your whole fund in this market.

Personally, I am not a type of person who likes a lot of introduction, a basic knowledge about bitcoin and how to trade would be enough for me.
I know how to manage my funds and my strategy is that i like to learn more on experience rather than in theory, so basically I don't need more time before I start trading, doing it is just like a continues study or improvement in my actual activity.

So to summarize what you think would help you is that

• Emphasize the difference between the stock market and the crypto market
• What is Bitcoin's role in the price of altcoins?
• Basic trading strategies

We can never really know what could happen in the market, that should be another point that should be emphasized. Being too emotional would be hard for people.

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This is not ideal, IMO if you really want to learn to trade. For those who are busy, it would be nice to have this service for sure. Just don't expect to be the best in it. Most of the signals show their Best Trades not the losing trades.

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I think you should be more specific on the part of basic knowledge on Bitcoin and how to trade. Like what aspects of it? The ideal type of introduction that you would like.

To other things, me too but in trading? I guess it will take you more time than what you expected before getting through with it. A simple strategy won't work with all market situation, you must know how to apply every strategy with any market situation, that's what I learned when I began. There are fast learner people who can easily cope up with simple steps but there are also people who isn't that fit for the work however there are way to get to it.

To be honest, I am quite far from trading now and there is multiple reason for that like lack of time & network. For me if I am beginner or I were want to introduce someone for crypto trading then first thing I will have to explain about risk managment. Next is about bitcoin and how its work. Because everyone here to get profits so it's more important to know how bitcoin work and this isn't something where you would get 100% profits. Also prevention of greed another challenge for newbies even I couldn't control fully yet. Analyze markets is one of important as well when you are wondering to start trading. Overall start trading of current epidemic situation is quite risky since it's not very easy money making method.

As a trader they no need to learn more about the technology behind the usage of bitcoin, all they need to have is to strong skills on analyzing the market. For a beginner it will be hard to make money so for people who wanted to make money from their saving should be extra careful while doing crypto related activities.

But if they wanted to involve in crypto trading for short term like until the lockdown ends they can go for stable pair so by the daily volatility it is easier for to make money than doing trades more often.

Then, how they decide about the "Fundamental Analysis" required a speculation conclusion from the project, news, and rumor. If you can't really understand whats the project update about their technology how they can thinking did the price will be reflected in the news. Before trading/investment you should know the understand the reason why you put ur money into that's coins including what the project/platform is about not just the news itself.

Its really important to make your first analysis and then you can move to another analysis, its "TA".

Do you know the stable coin? the price will be fixed pegged from which asset their using. It's mean you will never get a profit by trading stable coins, you just can add more/less
 the amount which currency you used to buy stable coins example bitcoin but the estimation of the asset still the same from the day you buy the stable coins.

I can't really deny the fact that when i joined this crypto space, it was hard for me because i had no one to put me through. I picked interest from seeing news headlines almost everywhere and the most painful aspect of it was that i found this forum late. So then i was focus on learning  everything at the same time since i just want to understand everything related to bitcoin and cryptocurrency. Indeed, proper orientation is needed when you want to venture into any new thing. Well, look at me today, it was all worth it.

You are right, who has Bitcoin should stay in it because Halving time will push the price. Your lose is good in trading experience. Choose any promising coin that's passed long time in coinmarketcap. I don't think that this coin price will drive more dip. From this theory you can make your research, I think you can't fail again.

The final stopper for many people here once they decide to make money from crypto trading or at least after adopting cryptos is "holding or long term trading". Unlike it seems like easier way to make money by staying within home, people are trapped cheaply due to unpredictable fluctuations of crypto markets. For example; on panic of corona outbreak, bitcoin lost more than 40% of its value in less than 2 days of sessions. But, right now it is slowly recovering which means the traders who opt to hold, NOT affected by these volatility.

Basic profitable trading strategy which fits all beginners is, holding. Watch markets for days and buy in possible dips and wait for months; halving is approaching hence you may get 10x profits very easily.

To kill your boredom, definitely thinking about to start trading is not a good idea as per my humble opinion. Trading must need lots of preparation to ensure the minimum success. I guess, this lockdown period must be a very good time for LEARNING about trading and definitely NOT TO START trading right away.

My simple suggestions to beginner level traders is do not day-trade. Trade only bitcoins and 1 or 2 famous altcoins. Learn more about trade and trade less until you gain experience.

Trader doesn't need to know all the usage of blockchain technology they just have to know what it is so they can avoid scam and shit coins but for trading bitcoin they no need to worry about the development, they just get into the trend by sticking with crypto news sites.

Stable coin pair means BTC/USDT ,ETH/USDT so the user can analyse the one end of volatile coin because the other end is going to be stable so for beginner it will be an easy thing.

To trade bitcoin well, we don't need to understand bitcoin. As far as I can see, bitcoin is just a tool to manipulate it, but it is not important for people to learn about it. In addition to halving events and hashrate levels rise or fall. The most important thing in trading is that you have to understand Dow theory, one of the most basic knowledge you need to equip yourself. It really helps a lot with your trading psychology and it also makes it very clear about how the financial market works. By fully understanding the Dow theory, you have achieved 50% winning on your trade.

There are plenty of resources available online that could teach you what bitcoin is and how you could use it and how you could make money from it. So, there is no reason to actually go out and help people who are right now needing extra money, if they are looking that extra money from bitcoin they have all they need to start.

However if you are a person who is out of work and need money, just putting the one you already barely have and start trading is definitely not the way. If you want to make money just apply to remote jobs that are in the crypto world, and if you are unemployed but very well experienced you could get a remote job in crypto world that will be paid with bitcoin. That way you are both not spending the little money you have, but also getting into crypto at the same time.

Before we start trading, of course, we need to learn the basic lesson of trading so we can know what we need to do in trading. The very basic lesson is to buy at a low price and sell at a high price. But it's not simple as it said because to determine the low price, we will need experience and have skills so we can know the good time to buy. There are many sources that we can use to get the lesson, and I am sure that we can get the point of every lesson that will be useful for us to trade. Besides learning about trading, we need to learn about how to control ourselves in trading because trading will have the emotion from us because sometimes we will get panic, greedy, and another feeling. That is why we need to have control for ourselves.

As new people in trading, of course, I expect to see the market will increase every time I trade, but I know that will not always happen because the market will always change. So I need to adjust or modify my strategies based on the current situations, so I can try to make a profit, and if I can do that, I will have a good time to trade.

If I were to summarize your thoughts, I think this is the right ones.

• Introduce what crypto trading is
• Risk management
• What bitcoin is and it's not money machine
• Analyzing markets

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This gives me quite an idea to do with. Maybe I could test this out only with pure stable coins. All the volatility that they produce can be profited or something.

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The problem with this one is that people are impatient and want the profits right away. I think it's better for them to gamble instead of trading. You could lose a lot of money in trading and in gambling, just choose between the two. Lol.

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Maybe a simple introduction would do but not technically completely dive into how does bitcoin works at a programming level or whatnot. Trading psychology is one thing to look at for sure. I don't think DOW theory accompasses the cryptocurrency space unless you can point me to the right direction?

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I think this list below summarizes what you have contributed.

• The basic principle of trading, buy low sell high
• Know when to buy low sell high
• Different market situations

I guess we can agree that many trading methods that we already had in the world could actually be applicable to the bitcoin world as well. People from forex world actually brought in their charts, indicators, weird named things and basically all used that to make money from bitcoin, they are trading basically the same way they trade with stocks or forex or whatever else they traded so far in the history, they just added crypto that list as well.

Of course crypto is a bit different because there are many many things that changes the price of stocks or forex and so forth, but there is only one thing that changes the price of bitcoin ; people trading. There could be a huge asteroid coming to earth destroying it very soon, everyone could be in panic mode, and as long as nobody sells, bitcoin won't drop, hence its traded same way but its actually quite different itself.

I have been a newbie trader before but the first thing I want to learn is the bitcoin, blockchain and how these thing works. Followed by the vague terms like hold, pump and dump, bear and bull, trading, etc. Time flies and when I think I do fully understand cryptocurrency flow and actions, I decided to become a bitcoin investor before finally became a crypto trader.

You see, if you are eager to learn, all the possible things and knowledge will go with the flow along with the learnings and techniques. There are so much to learn and it takes time.

I guess you just mentioned about just 1% of things, a trader needs to enlighten themselves before being a profitable trader. This may discourage people when we list all the required knowledge for being a successful trader but to travel 100 miles or 1000 miles, the first step should be just the movement of our feet which may measure only 0.000001% of total distance to be covered. Same applies everywhere. Once we start learning with all dedications, everything will be easier like 1-2-3 because when we start showing interest, nothing will be a burden or hard to learn and to get practiced to.

There is no compulsion to learn everything theoretically. There are demo accounts or you may risk with least capital to learn practically. But, most traders once enter the watching/trading live markets, they are stopping their process of learning from books and videos. But, the best approach should be doing both. Yes, learn from both books and live environments. It would be more fun than we could imagine.

Please note; for a successful trader, the learning process never ends.

Well, in my own opinion. Experience is still the best teacher though are things that we can only learn through books like when we need to learn how to read for us to do that we need books same as in trading we can learn a lot of things and be successful on this through experience but we will still need those paid calls or books that contain information about trading. Crypto market is no different from the stock market you can invest and trade into both of them, --strategies and current or upcoming situation makes them different on when and how you will respond to it. Indeed, please consider also your emotion here because almost newbie traders are greedy.

Everyone who is in this business has the same goal and that is to gain profit but not all are successful because either they are not yet knowledgable enough in trading or they have just failed on the strategy they use when the critical situations happened. I short it will be both books and experience will be the tool for a trader to succeed but every newbie should be aware that failure is always there to mold them and become a great trader. The concept of losing may make us give up but still, it depends on us on how we perceive it.

When I first heard of Bitcoin, I wanted to find out everything, I found out everything in Google search and I got what I wanted to know, and finaly, i read article how to trade bitcoin with best strategy, but the strategy I got wasn't strong enough to guess the movements of the value of bitcoin. in the market

Everything is almost the same, it's just that Crypto runs 24/7. Multiple exchanges as well. What do you mean by weird named things?

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Emotion is the number 1 enemy with regards to newbies and even pro traders. I know a lot of people who have traded every day and still is affected or not emotionally controlling themselves.

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Venturing out into different things is always about having a profit. It's knowledge and books that could conquer the obstacles in front of you but it's your experience and emotional strength that would help you be successful.

Yes, experience matters. A beginner in trading, should not focus on accumulating profits but should focus on accumulating as much as possible experience by risking all the new things they come across but with small capital. Unfortunately most new traders are just focusing on cracking profits because from day one itself they want to be trading like pro.

Basics of all the markets are same because risk management - money management - controlling our emotions are same thing everywhere. But, level of fluctuations and impacting news sectors may differ market to market but those things are easier to adopt for a trader who is switching over.

I'm not surprise why a lot of beginners are losing in trading, why? because they keep asking what to do about this, how about that , and they will do it not considering the market situation. I could not agree more that experience will teach you the best lesson in trading, most probably it will teach you the hard way to understand but It's actually worth the time spending.

There will be always emotion involve in our actions, but as a trader we should not let it take over our decision making. You may find the market very unpredictable but technicalities always help.

It would be useful for novice traders to familiarize themselves with the golden rules of trading. 1) Always diversify risks by investing in different assets and trading on different exchanges. 2) Remember that margin trading is very risky and allocate to it the part of the portfolio that you can afford to lose. 3) It is easier to lose money in day trading than when holding coins for a long time.

I think everyone will know what bitcoin is, so if it were me, then I would first learn how to do basic trading strategies.

I think starting your trading journey would be to learn all that you can about trading and the nook and crannies of it, learn from succesful people and follow their advice but not blindly, you are to learn but also use your common sense. Remember to not put your eggs in one basket, making diversity in your investments in your trading, this makes sure that you will not suffer a big loss when you start trading and lastly, all I can think of as a smart trader is be patient, no man could ever strike a gold at their first hit, it takes time and effort. On a side note, do not focus all your effort with just trading, do it together with other things, you can work your day time job and trade, it makes you have a stable source for sustenance and not pull out your investments when push comes to shove.

Some of the questions you asked are unnecessary and anyone asking that kind of question doesn't really deserve my answer, especially that number one and two. Someone that's been here for quite a long time is meant to know what's Bitcoin, and if you're a newbie there are lots of articles written about Bitcoin online, and sites like Cointelegraph and Coindesk all have a whole page dedicated to teaching about Bitcoin and what it's all about. And as for how to earn, you already mentioned trading; trading is a good method, though everyone do not understand how it works.

I mean bitcoin trading is a good method to make money but not suitable for most of the people; in other words, bitcoin must be a good method for making money but actively trading may not be viable for many people. Investing in bitcoin must be another method instead of trying to trade it.

I think the points that you made out are great. The thing about divesting as well should be known in all financial planning stuff. Just be sure it's not your rent money or something related to that.

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You are definitely on point with that patience things. It's better to set the expectation before anything else because once they understand that it's not lightning fast compared to gambling, they would build that mentality when it comes to trading.

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Why not have the best of both worlds? Accumulating Bitcoin and trading it at the same time? I think having that set up would be practical because you would be gaining from the trades (assuming you have Gunbot (https://gunbot.ph)) automatically. That would answer your "actively" trading part and continuously investing is the "Investing in Bitcoin" part.

When you do just make yourself to learn up trading just because you do need money or to sustain yourself then better you opt out this one into your option because results wont just pop out in a matter of minutes hours or days. Everything would really need that sufficient time for you to learn up everything but at least you do make yourself learn in earlier phase but i would say that this one wont be that enough as said earlier
profits wont be sustainable since you are still a noob and the fact in spite on making profits you would eventually lose even more if you dont know on what you are doing.On this time of crisis there are lots of ways
for us to earn money not just here on crypto but in other traditional potential sources as well.

All the information is available in the Internet you just need to show an effort and have some time to research it.

I can't believe that someone who wants to be a Bitcoin trader needs to learn what Bitcoin is and how it works. He'd have to be like that guy who wants to be an astronaut but can't even name planets of the Solar System.

If you have to teach a future trader about the basics of Bitcoin and reading charts you can expect that trader to fail miserably.

I sometimes wish I could be good at day trading and ake profit every single day. Although I trade, but not as such active and sometimes, I experience some drawbacks on trading. For instance, the fear of losing draws me back. My urge right now is to see that I gain more courage to trade, irrespective of whether I will gain or lose.
Things are now quite different. I think i now have the time and will focus more on it.

That's pretty normal, I'm sure many traders come to that kind of stage that they are scared of losing their capital and can't make a profit every single day. To be honest I came to that point when I was still a newbie and still wondering how can I make my trading skills better. Experiences help a lot in trading and with the experiences you can build your skills. If your serious enough in trading just continue what you are doing and if you have the confidence to trade on a daily basis then go.

Yes but not everyone knows why recently the price is increasing and an experienced trader will easily laugh and say that is because of the FOMO around the halving that makes people buy more bitcoins and hence the price went up. Knowing bitcoins is good but knowing about the deep aspects like how will miners cooperate with halving and how the price will be affected by some milestones, I mean I consider halving as a milestone, will help a trader make more suitable trades. That been said there are a large number of reddit posts I saw with good information and there are some good videos too, just make sure not to trust any links or software any unknown people provide you.

When I was new someone easily fooled  me by sending some transaction with 0 fees or something which was later cancelled and I felt so bad and foolish so same applies to trading, you learn new things and you grow daily.

If you still believe that you can earn money without trading bots, then you are a fool. ;D ;D ;D

Yes, you can. Trading bots only trade on the basis of signals from professional traders, but it doesn´t mean that these traders have good results and even they have, it is not a guarantee that they will have them in the future  :).
If you are new comer, please do not fall into this FOMO and lets wait, I believe that we will see new lows 3k. Why? People don´t have money to invest - 30 millions unemployed americans  ::).

There is something very important to keep in mind that newbies do not do, is read about market speculation, because if they read financial education books without a focus on technical analysis they would have control over risk management, knowing when it is advisable to enter to the market and when staying out of the market, having these clear concepts could easily manage how much balance you could risk, in my case, I never risk 10% of what I decide to put, I always go with 7% or 8% loss, but the benefit is calculated between 24% and 30% for each operation, of course, my way of operating is in the medium or long term.

Have anyone used indicator script from tradest.io?
I’m looking someone who can tell is it really that accurate.

In a situation like now where making money is difficult, because the corona virus spreads so fast. Make us required to make money
from home. So one of the solutions is cryptocurrency trading, which I will choose bitcoin for the first coins for trading. I chose bitcoin
because it's the most profitable compared to other coins. The basic strategy that I use is taking 3% profit per day, but I also maintain
the capital that I have by using a 10% stop loss.

Of course as they are the necessary equipments that you need in order to earn a profit in trading and lessen the risk of your hard earned money. Trading without learning the basics of trading is like going to a battle without a gun, you will just lost your money without any fight.

Once you are fully equip already and you think that you are ready to start your first trade then experience will be your next target and make sure that you will not create the same again and again.

All of us started at zero in our cryptocurrency life, we started without even knowing even a single information about market, strategies, technical analysis or any terms that involved in trading. Sometimes, we need more knowledge and seek more information so that we can explore the movement and how trading works in the market. It doesn't mean that because you know the fundamentals and basics in trading, you can always win profit and you will not experiences losses. The key to success and become an effective trader is through practice, experiences and failures. As you learn and learn until you overcome your mistakes, that's the time where you can adapt to the reality and situations in trading. You don't need to hurry up, just take it slowly step by step and you will reach your goal.

Have anyone used indicator script from tradest.io?
I’m looking someone who can tell is it really that accurate.

Today there are a lot of people who want to earn more money some of them do have a job already and some of them just want to have extra money as a student or unemployed for a while just taking some other things need to focus first. While the bitcoin today is rapidly increasing it becomes more and more popular and many people starting to make adaptation and changes to support the use of the bitcoin but not only the bitcoin itself but the whole cryptocurrency also trading are one of the most popular methods of making more income or profit by just having enough knowledge and skills you can now predict the market price of the coin and make a profit but this is not just by predicting always having a good market strategy when is the right time to buy a lot of coins when the market dip and sell immediately when they think they already got a profit. By just a simple technique you can now make a huge income and monthly. Don't mind if you do not get a huge profit always think that profit is a profit no matter what happens.

I will suggest you to try the leverage trading which allows you to trade with much more funds and you can learn about trading losses by actually not investing much, when I recently started to consider trading as a serious task, I went to Binance and used their leverage trading option where they gave me 5x more money which I will put and the interest if I remember it right was 0.001% hourly which is negligible if you are a serious trader.

Apart from that I believe basic knowledge about bitcoin is must as OP mentioned and that helps you understand the mechanism like when halving will happen, how it will impact the price and market and other essential information can be used wisely in trading.

I recommend this resource https://tradingbot.info
Just for beginners it will be useful. It has all information needed to choose and start your trading bot for crypto 8)

If you really want the basics of bitcoin and how to trade it, I would say this ; Bitcoin is a currency that is also a commodity, think about it like the gold coins people used to have thousands of years ago and how they used it, but also the gold of today as well.

You can use it like dollars and just spend it on a cafe for the coffee you drank, but also it is like gold where you can store it for not losing value when dollar devalues from inflation. And how to trade it is basically the simplest thing would be just putting all your money into bitcoin for long term in installments, like if you have 1000 dollars to put into bitcoin, put 100 dollars in June, put 100 in July, put 100 in august and keep doing that until you have no more money to go into it in order to average the purchasing price.

I'd say some words of caution if you've just started trading and jumped straight to Bitcoin trading. Personally, I would learn trading using another crypto coin not Bitcoin since this is seen as the most volatile coin and possibly the one which we'll cause you 99.99% of you losses in trading. I'd start off easy with some altcoins like ripple but still not etherium just until you learn the swing of trading  :D

If I newbie I'll choose to learn how crypto currency work before I start to learn the basic trading. Yeah I guess that is the important factor to know. It will be useless when I learn the basic knowledge against trading but I didn't know where I'm trading, it will bite me. As far as I know crypto currency and different investment/trading place in this world is quite different. The volatility price is the factor who can differentiate between crypto currency and other investment place. You will lose more than half in your capital just a few times and otherwise, there is no investment place who can do that. At least if I know crypto currency price first I won't leave when I got a lot of lose.

Here is my list before start trading;

1. Know the basic trading strategy
2. Search for a new and effective strategy
3. Trading tools that could help more
4. Trading platform (friendly-user)
5. Coin/s to trade

Maybe this is good enough to start. Knowledge and skill will actually develop once we already engage in trading and it needs time to make it nearly at its perfection.

The best is to have the basic knowledge of trading strategies for some months before dwelling in trading of any digital assets. With this, most things will not appear to be magic when you get started eventually.

But there is a acute lack of proper source, I mean there are videos that are aimed at trying to steal some bitcoins or inject some code into your system through which they can always steal your bitcoins. I believe having a trusted source for information and tools for bitcoins trading will be a good idea.

I disagree, if you are buying any asset and even if you are trying to sell it the next day it is always recommended to gather all the possible information if you are investing significant money and later that helps define your trades, I mean a good trader for example will always invest in such times price is increasing, for example right now while someone who has zero knowledge might be tricked into wrong trades.

Can you put more emphasis on why would that happen? I mean knowing a certain asset/entity and then investing/trading with it will actually help in my opinion. With all respect, I would love to know why you said that.

that is if your not a newbie anymore but for a complete noob , learning the basics knowledge of trading ( not strategies  ) or on how to trade and alike  is the most important lesson  . then after that , you can proceed on strats  on how to improve your trading career   .

  and you cant just say trade any digital assets because not all digital assets on this crypto world are legit or safe  but most are only scams and are willing to take your money instead of you earning from them 

Acquiring those things takes time, but if you are keen in learning it won't be that hard as you are willing to make things achievable, traders needs to learned the very concepts of trading, basic to advanced are learnable if you are aiming to succeed.
Trading is risky but if you do your research and you prepare yourself the chance to gained profits is possible.

Newbie needs an experienced consultant (his best friend is best) to limit risk, I think this is essential before he starts trading. Everything can be learned slowly, but sometimes money is not enough to wait for him to learn everything.

Going to stop you right there my friend. I remember in the last economic crisis a lot of my friends also thought. Shit, we are losing our jobs so let us make money from home. I remember all the google ads, I even fell for some and clicked to read about the amazing method people use to make hundreds of dollars just from their laptop.

It's all a scam. You're not a good trader. Real traders don't even have time to come online here and chat.

in my opinion what is needed before entering into the world of trading is knowing the risks,
then find out our target,
and how we can meet our targets,

and when it comes to ways, in my opinion at least 1 year we try a demo account first, then dare to jump right in, if we want to trade manually.

The basics for a trader: buy low, sell high lol  ;D.

Nobody can really predict the price of a bitcoin, do your own research and make a plan. At which price do you want to buy bitcoin? For what price do you want to sell it?
What is your timeframe? ...

Mann, trading is not like gambling which you are going to have a 50/50 chance of winning. you can lower the risk by studying and analyzing the market! and being always updated is good too.

Here's my list before trading whether it's a short term or long term :

• Where is the support?
• Where is the resistance?
• What is the price
• is it good price to enter the market?

When I was only 15-16 years old, my interest in the economy started and this interest did not decrease afterwards. I followed the news about the economy and did a lot of research to find out the economic terms. About a year later, I met Bitcoin and I have learned a lot about Bitcoin since then. If I need to talk about my many years of experience, I can make the following recommendations to anyone who has just started;

- Always research and learn more.
- Get detailed information about trade before you start trading.
- Know the technical analysis methods and indicator usage well.
- Gain experience by trading with trial accounts.

And finally, start trading when you feel ready. Any operation without sufficient knowledge and experience will cause you to suffer. You can only earn by chance by trading without sufficient knowledge and experience.

Trading is always fun regardless of whether you are doing Crypto trading or any other style of it. I do all styles through FreshForex broker, as there are over 130 instruments including Cryptos. So it’s easier to do trading on whatever you are comfortable with.

1) I would like to know how to minimize the risks when trading cryptocurrency and at the same time increase the potential profit?
2) It would also be cool to find out how best to store cryptocurrency, which exchanges are the most reliable in this?
3) Which exchanges Have the lowest trading commissions?
4) It would also be interesting to hear the experience of traders, on which trading pairs they managed to earn the most money?

Not all traders are having fun on what they are doing, those who are losing might stop trading and just give up.
it's only fun for those who understand it and those who like to pursue because they are challenge, you need a set of skills in order to succeed being a trader.

The summary of everyone "if they are just starting as a trader in Bitcoin" is sufficient. I have understood well enough most of the suggested topics to discuss.

The important points that I want to point out are

• Understanding the Risk of Trading
• What is the best exchange to trade on?
• Choosing a strategy that best suits the trader
• What coins to choose from
• How to become profitable in trading?

I think most of the points above single have things in common, and that's the wanting to learn and preventing the possible risks towards the portfolio. No one could perfect it, but if you are consistent in winning, you could overcome all the losses.

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It's time to close this thread, knowing that it's been thoroughly discussed, and I aim to prevent spamming as well in this thread.