Bitcoin Forum

Other => Beginners & Help => Topic started by: Vslacha on September 12, 2014, 06:20:57 AM



Title: Looking for advice
Post by: Vslacha on September 12, 2014, 06:20:57 AM
I am a new comer. I want to be a successful trader on this market. How can I do it? Any advice from expert traders?


Title: Re: Looking for advice
Post by: hilariousandco on September 12, 2014, 08:00:30 AM
Buy low sell high. If you want my advice: don't do it. Trading isn't as easy as it seems and you'll very likely lose money. It's definitely not a get rich quick scheme if that's what you're hoping it to be. A better option IMO would be just to buy bitcoin and hold it for a while. I'm sure it'll double in value again eventually.


Title: Re: Looking for advice
Post by: virtualx on September 12, 2014, 08:01:39 AM
I am a new comer. I want to be a successful trader on this market. How can I do it? Any advice from expert traders?
Don't buy/sell daily, you want big differences. Many alt coins are pump and dump, not going to 2000$  :)


Title: Re: Looking for advice
Post by: DrG on September 12, 2014, 08:04:23 AM
Most of the successful traders are both lucky and disciplined.  You need to be watching at the right time (bots don't work) and you need to have rules set - don't let emotions get in the way.

Coins prices are easily manipulated on an exchange and unless you're doing the manipulation you could get tricked.


Title: Re: Looking for advice
Post by: dothebeats on September 12, 2014, 10:12:30 AM
Hi. Welcome to the world of bitcoim! Trading isn't as easy as it sounds. There are many things you would like to think or consider first before delving in this risky thing. You should know the basic principle of trading: buy low, sell high. By knowing the basic principle, you can continue your way down the road of trading. However, there are many factors that would affect your way to become a successful trader. Don't let those things ruin you. There are times that you're lucky, and there are times that you're not. Keen observation and a disciplined mind will help you a lot.

Good luck and have a nice day.


Title: Re: Looking for advice
Post by: Homer Biff on September 12, 2014, 12:26:55 PM
I am a new comer. I want to be a successful trader on this market. How can I do it? Any advice from expert traders?

Most traders lose money. So, if you want to learn, use only small amounts of bitcoin, send 0.02 btc to bitstamp, bitfinex or any onther exchange, and make it bigger.

Once you lost all your trading stash, you will know that trading is not for you.

Enjoy.


Title: Re: Looking for advice
Post by: popolite11 on September 12, 2014, 12:45:14 PM
if you want to be a successful trader then you need to overcome the panic factor.


Title: Re: Looking for advice
Post by: ranochigo on September 12, 2014, 12:45:47 PM
In the long run, you would likely be losing money. Market can crash like what happened in January. Trading is not for anyone inexperienced and it isn't as easy as using a bot. There is no strategy which guarantees you profit in the long run.


Title: Re: Looking for advice
Post by: minerpumpkin on September 12, 2014, 12:50:37 PM
Don't try to daytrade if you don't know what you're doing. You'll most likely get caught up doing the wrong thing and buying back higher, or selling lower. Also, don't ever trade on emotions. Think your strategy through, stick to it, and sleep over big decisions. Always consider things going the very opposite, too. And don't listen to people on the Internet, make up your own mind about trading decisions!


Title: Re: Looking for advice
Post by: oceans on September 12, 2014, 03:52:11 PM
Hey there and welcome! I always advise people to invest when the price is low and sell high if you are wanting to make a profit. Take a look around the forums and try and gather as much information as you can and familiarise yourself as best you can with bitcoin before jumping in head first. Always go by your gut instinct and don't do anything you feel may be bad for you or that you feel is not right.


Title: Re: Looking for advice
Post by: waser12 on October 25, 2014, 05:13:45 PM
you must understand what is really bitcoin before trading and taking bad decisions, good luck guy!


Title: Re: Looking for advice
Post by: mullerdan on October 25, 2014, 09:37:00 PM
you must understand that you will not be rich overnight, you have to be patient, to make the right decisions in a short time, everybody can trade its not so complicate but we can do a lot of mistake ! you can do it! just be careful ! let you play ;)