Bitcoin Forum

Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step

The first thing that you need to do is to make an account on an exchange. Knowing where to exchange and trade crypto is the first thing that you need to put in your mind. And choosing the best does matter much, everybody will suggest you to start trading on Binance. Next is the crypto that you will trade and that means choosing what pairs you want to trade, for beginners it's advisable to get to start with bitcoin and usdt first so that you can have an experience knowing how the market runs. There are also some beginners tool where you can try to trade with free money so that you can exercise and practice trading there. You have to search them on google, it doesn't require any amount to deposit if you would love to try them.

Don't trust any technical analysis and too detailed fundamental one either - that's my main advice :)
Crypto is an investing instrument where you will win if you are smart enough not to follow the crowd and think like the whales think. And don't try to short, better make less trades and ride the big waves.

Absorb absolutely anything and everything you can before you begin trading. Remember, around 75% of traders lose money when doing so, make sure you're educated enough to not be part of this metric.

Personally, I'd start by producing trading strategies on platforms that offer a demo account, see if you can turn a profit when using a demo account, and make sure you can do this consistently in both a bear and bull market.

Once you can do this, you're ready to begin trading. Start with small amounts and gradually ramp it up as you feel comfortable.

Stay away from leveraged (margin) trading until you can reliably turn at least 5% profit each week without it

First do an account on any known exchange and after watch some tutorials but you should always practice with low amount and if see you are good and can make profit you can try with higher amounts but don't be greedy, if you see price grow even if you are in Forex or crypto don't wait to much for more grow cause sometimes after a grow follow a drop.

My opinion is that newbies shouldn't be dumping large amounts of money initially into trading and should instead experiment with smaller amounts of money and then trading with larger amounts gradually over time as you find and fix the errors you're making and improve on your strengths as you go on. This also helps you recognize earlier on whether or not you're good at trading or not and whether you're willing to spend the time to learn to become a good trader if you think you've got what it takes as well.

Absolutely do stay away from margin and leverage. It's just not worth messing with at this stage, and leverage can become like a casino game even for more experienced traders.

Starting from scratch is a good practice. Dont begin trading if you already have some funds and account on some exchange. Since youre a newbie you must absorb first and study all necessary stuff in trading. Not all tutorials are useful some of them are just a bunch of prediction tool as well. Might better if you listen, read and understand first the terminologies of basic trading then watch some videos on how those term are being used and utilized in market. Real money are at stake here dont waste it on your first trial without any knowledge about it.

My advice if you are a beginner trader that you practice first to control your own emotions, and do not put all your funds. try a small amount first, so you are accustomed to profit and loss. maybe below the initial steps, namely:

• learn what assets are. especially if you want to have a crypto, learn the basic characteristics.
  
• before entering the chart determine what coins / tokens you want to trade.
• after that you try to choose an exchange with a good reputation and start buying in small quantities. study the chart function, usually on the right side.
• practice to control your emotions first, and be accompanied by analysis in accordance with the results of the research you are doing.
  
• after you get used to your emotions or psychologist. try detailed technical and fundamental analysis, most do this prediction correctly and appropriately, and do it in small to large amounts.

___________
I used to do it like that, now I'm used to it all.

if you don't trust anyone, then you can look for references in the book. but actually on the internet there are still people who can be trusted, especially for those who share information about how to trade. You only need to try their ways first with a small fund, and I am sure if you really are able to learn from it then you will find your own way to trade.

Perhaps the best thing to do is to register on an trading platform and try to play with the system. You don't need to subscribe to these so called experts who give TA, it's better if you learn everything thru experience. You can start with small amounts, again, just to get a feel on what trading is.

And then if you are that confident enough, then you can go and seek other crypto trading platforms out there and see how it goes for you. Remember that is not not going to be a smooth sailing specially in the beginning, there are a lots of ups and downs. Just keep going and chase your dreams.

I have done many things for had more knowledge about trading. After all the time I used to gain knowledge, I still don't believe that it can produce 100% accuracy and can always be used for trading.

All altcoin basically has the potential to be better, but market laws still apply. The more demand the higher the price, and sometimes we never know what the exact cause of the rise and fall in prices in the market.

This is trading, it's hard to guess and even the trading signals shared by the community haven't helped much, and so far I just want to say that never forgetting trading is a high-risk activity and do your own analysis and decision making so that we don't blame anyone who recommend us for one of two purposes.

Insights and knowledge are important for every trader. Without these two things I think traders will only spend a lot of capital in the market and maybe they will also get stuck on shitcoin which cannot produce anything.

For a beginner, I think it is advisable to learn first about trading before they actually jump in and become a trader and if possible they can also trade with demo accounts in some well-known exchanges like Binance.

There are many users who have shared their experiences in the field of trading and also their analysis of charts and future price predictions. I can assume that it is a part of trade that is also useful, but it still has to bring up your own analysis as you explained.

When a trader realizes that trading is not as easy as imagined, then that's when they will also consider the risks posed by the trade itself. So whatever the activities that we do, the risk is something that must always be considered, the amount of risk caused depends on decision making.

For me: Successful trades are those that are trade with good management.

In my opinion, try to gain experience by trading very low amounts in the beginning. In the meantime, try to learn about the market and trade. Try to learn how the system works and create your own trading method with the help of your experiments. And also, i recommend you to stay away from risky investments. Finally, you will find many investment advice on the internet, but always do your own research and decide for yourself before any investment.

Personally, I think to trade well on the exchange. It takes a lot of effort to study trading on the exchange. Since you first need to practice on the training platform. All this information can be found on the Internet. And I want to say that it’s simply impossible to make good money right away. Since all novice traders leave very large amounts. And after a good experience, they begin to gradually recapture their funds and go into the plus. So I only wish you good luck in this hard job.

When I began my journey to crypto I was looking for guidance too. From my personal experience, I can tell that forums like this are very helpful, cause you always have access to the knowledge base that other people provide. Courses are also helpful, you just have to pick the right one. As an example, I may recommend the one I studied, changelly's crash course (https://crashcourse.changelly.com). Any other free course with a good rating is fine too, just read the reviews before studying

Trading is hard for beginners and there will be panics and fears, find a good top exchange like huobi or binance and use one of the best coins out there which is bitcoin for your trading, some trade once a day and other multiple times in a day, the only one that works for me is buying when bitcoin is down and selling when price recovers

Stay away from forex/binary trading, they are highly dangerous and risky, once you make a wrong choice your money is gone, buy coins and trade on bittrex or binance but first you gotta learn how charts works, how to read candles, you can start with youtube for tutors

When it comes to trading, you need to ve calm and confident neglecting any emotional attachments to trades.

Secondly, you can check YouTube or medium for videos or blogs as regards crypto trade n forez trade.

Practice with very small $ and develop in bits, the faster u adjust, the more you know how to trade for profit

I'd add that you can lose your money anyway with crypto aswell.
Binary trading aswell as cryptocurrencies is volatile.
But with cryptocurrencies there is one thing that makes it better - every coin has some company behind it.
And if you believe in company's future you can invest in 'em (but you gotta do research beforehand).

I just forgot the author was and as I keep on digging I can seem to find it.
Buried by a lot of post in Trading discussions.
But you should first go there. You will some good steps into what you should prevent and how to not trade by your emotions.
Because that might be the first mistake that you will make.

Also, better find a reputable trading website which really suits you.
I look into UI, I want something that is also good for my eyes and not just the volume. That goes second for me.

First of all move this thread to this board https://bitcointalk.org/index.php?board=8.0

You will get many useful knowledge there, because there are some people who just focus on trading and never try to open the altcoin board.

Also, if you just new to cryptocurrency this board https://bitcointalk.org/index.php?board=39.0 is highly recommended for you because you have to know cryptocurrency is not about currency or profit only. There are many thing especially how to avoid several things that will fall you later.

Once upon a time i never knew the difference between binary trading and crypto trading, in fact i used to think they are the same until i tried out both and came to understand that binary options are very risky compare to crypto trading

Binary is more like the beast of them all for the reason that it can dive to a direction and stay that way for a longer time that is the fear of it. But if you are on the winning side, you are sure to keep smiling.

Faucets friend faucets. People who know nothing like to say they a worthless waste of time. They are great educational tools and way to get small amounts of crypto. Btw you can actually get a decent amount with enough referrals but that only appeals really to site owners and people who already do affiliate style marketing. With faucets, you learn about transactions. They all very small so making a mistake on a micro wallet trascantion will cost you nothing. When you have a sizable amount you can deposit on the exchange and trade for real. Learn how to trade through faucets its the best way. You don't need anything to invest and if you lose all you lose is your time which is not true since you gained knowledge. Good luck.

there are many tutorials about trading for beginners in several sources such as Google, Youtube, Articles, etc. there you can learn that. but you need to remember in advance that trading is high risk and no one can guarantee you fully. my advice, you need to do it on your own belief. use the source as your reference material.

First thing that you must learn about trading is how to transaction in the market, then you can learn about how candle stick run in the chart. This is the most difficult thing, many people have loss on their money because don't know how to read candle stick. Don't think you always get profit when you're trades, you must learn about money management as well. If you want to be forex trader, just go with demo account first until you master on it.

The first rule is not to trust anyone out here. To become good with trading or anything cryptocurrency requires persistence and consistency. You must be prepared to read, watch videos by experts and above all trust your self to make right trade decisions. Don't depeeon any call from anywhere be it a paid group or a twitter guru.

First you need friend and you can get it in broker forex community or crypto trading group, get the expert and take his experience. You can't do by your self, as newbie have friend as sharing partner and expert opinion really needed. Second thing is try the demo account to understand tools ( indicator ) and market direction. Do it slowly but sure because you can not play with your money.

My brother I would advise you not to go close to trading if you are truly a newbie as you claim until you understand how it works

You will not find real knowledge about trading. You have to start then you will find the best way to benefit. I suggest to continue to try and analyze the market.

You can find a number of such pumps and dumps as you mentioned in a single day and that might be something which makes most of the traders to trade multiple times in a day. Even I am among the traders who would like to trade with the price manipulations multiple times in a day.

The high volatile markets opens doors for immense profits and once you gain enough experience, even you could start trading with multiple coins or a trading multiple times with a single coin each day. These kinds of trading strategies might be riskier but would give you immense profits. Choosing an exchange would be the first and foremost thing for OP to do first and I am sure, he/she would only trust the exchange which already is popular.

Forex or cryptocurrency in my opinion can use the same technical analysis. What's different between forex and cryptocurrency is the regulation of the government. Forex is known as a money market that is played by banks around the world while cryptocurrency is more dominantly played by individuals or speculative companies

Well, you can take advises from the biggest traders in the world that has already achieved that success. Peter lynch, warren buffet, these are all great names for stock market and not forex but you can get some advice from that which you can apply. There is also social trading where you can check other traders and how they made their money previously without even checking what they are planning to do next either.

So, always check people who already had success and not people who are trying to sell you something about their "program" that they are trying to sell for couple bucks or on some youtube video, if they were any good they wouldn't be selling it, they would be making money anyway without trying to promote their system. People who are good either don't share success while they are working or they do after they retire.

Actually forex is having some seminar in which they are teaching how to learn on forex trading in which it is a big opportunity for you to learn on a veteran when it terms of trading, but the thing is there is a payment with the teachings that they are talking about and you really need a money in order to learn from them, but there is also an alternative way on how to learn and it is by watching youtube in which it really helps you a lot on how to trade. Actually it is really hard to say on how you will trust in this cryptocurrency so It would probably hard to answer that question, because in my case I don't trust anyone when it talks about money and all I am trusting is myself.

Very relevant points made here, a lot of patience is required to be a successful trader. Also, over time I realized that experience will help you become a better trader, with consistency too and steady learning to improve. It's old news to also say greed is a bad factor in trading.

Right. the knowledge you are looking for is basic knowledge so it's better in more specialized subforums.  my advice for the first stage is to learn what is Crypto currency, after that how to get it, after that how to get profit from it

a matter of greed and want to get a big profit that can indeed make us fall and cause huge losses, I myself have experienced it, when I trade and for example when I have gained 20% / 25% I do not want to sell it, because I am not satisfied with the profit, but instead the coins bought eventually go down in price and it takes a long time to raise the price again, so
that greed was my worst experience when trading.

Never have a doubt about whom to trust in terms of trading. The most simple answer to this from me would be "trust no-one" in terms of trading. You would need to utilize your own brain in order to gain benefits from trading. There are a lot of newbies who do join the trading markets each single day but majority of them immediately leave the markets if they face loss in their first trade itself. You would need to recover from this.

You should keep on trying no matter how hard loss you face. Always try to start with trading without actually investing your capital. You can try demo trading or paper trading which would be much beneficial for you in order to gain some experience.

For the first time you trade, I suggest you use the Binance exchange because there are many coin options to trade there and before you start, you can read some tutorials on YouTube or other sites that discuss trading. and it's important to remember for the first time that you have to use small capital so that the risk of loss isn't too great.

It is very simple, before putting on your real money trade on demo accounts for few months alongside also use google and youtube to learn basics about trading and also learn how to read charts and candles, also i would suggest you to trade on your own and do not give your funds to someone to trade.

Trading is speculative, it requires a great deal of persistence and exertion to learn different information that will upgrade your insight. The outcomes of your trading depends on the trader itself, on how he will deal with his trading, on how he will settle on choices and activities. It just implies that everything will be pointless if the trader isn't determined. Do your own study, it will help you easily comprehend various of information. Simply analyze that it is risky and sometimes your trade won't end up great however don't let it be a hindrance on you accomplishing your specific objectives, learn and utilized your experiences as guide and it the results will be acceptable.

First, you need to understand in advance about trading risks, because most beginners are tempted to get big prizes from trading without having knowledge about trading. my advice you have to read a lot, study the movement of price charts, to start not using big money, do it in large exchanges & have a high volume, and it is important you always have to monitor the coins you trade so as not to lose a golden opportunity to sell.

What exactly do you want to do, Cryptocurrency trading or forex trading, because you mentioned the both of them? They maybe similar to each other since both involves trading of currencies, but there are still some differencesbetween the both of them.

Forex has stability unlike cryptocurrency that is volatile. The good thing about the volatility of cryptocurrency is that you can take advantage of the small differences in exchange. There’s still more differences, it’s up to you to do some research on the both of them and know which one would be better for you. There is also option trading.

You are suffering from information overload, there is so much information about trading on the Internet that you do not know what to believe, but you do not really give an example of what is the source of your confusion, so it is impossible to answer your question, however be very careful there are many scammers out there selling systems that supposedly win 99% of the time and when you actually try those systems the accuracy rate is nowhere near to what their creators claimed.

I have the same question but dont trust anybody.. I also did search what are the needs to be able to do trading and all the aspect to learn in order to be a good trader. All of users here are saying all the feedback you need. Actually when I first try it, dont even know how to use exchange but as I keep trying and doing it all the knowledge needed just sync in. Try it all first and the things you dont understand upon doing it thats the thing you can ask here. If its not so complicated yet then just use Google anything is there I believe.

actually, in trading, especially crypto, you need to determine the exchanger where you will trade. many trusted exchangers such as binance, kucoin, huobi, and many more. Before you begin, decide where you will do it. after that, you need to determine the type of coins you will trade, such as bitcoin, ethereum, BNB, and others. It is strongly recommended to choose the top altcoin or trusted altcoin for now. after those two things are good enough, you need to minimize the risk by trading at a minimum, it's because you just started. after that, you just need to prepare yourself for all the risks that could happen. if you do, you will get used to trading, because the experience is the best teacher.

your only show that you are independent and you can learn things on your own which is good because you are not lazy and you dont spoon feed your self  . whats more better is that you are free from getting tricked/scammed because scamers and thieves tend to victimized newbies  because they provide guides and other promising words to make you follow them   . also complicated things are i think more searchable on google because google can show you many results while here , this is only a one site but other users here do also use google to help you out  .

Hello everyone. In my opinion, much these days depends on reliability and practical value of each concrete idea. But what makes much sense - some aspects that stay for new trends. For example, I am pretty disappointed by more attacks on leading exchanges and thus interested in new strategies here

Morning there. You are absolutely right. But are there any alternatives right now? I mean is there any particular strategy you are switching to? Anything you can share here?

Interesting question. I would say that the only alternative is usage of hardware wallets. But in here, of course, you should be choosing the most advanced solutions only

Generally, yes. At least I cannot think of something more rational. But you know, talking more on hard wallets, I tried to find unique solutions several times and what I have noticed - it is not very simple to find impressing ones. They are all more or less similar

I was also thinking so and that's why I conducted many researches. Basically, the most advanced and attractive solution I have found is GetHashWallet. Guys are bringing easy to use product that is arrow certified and available for sale, so everything can already be tried out. Moreover, they had crowdfunding on Indiegogo, it brings higher confidence for me too. And I definitely recommend you to have a look at their website to have a better understanding

So far for sure sounds interesting, let me also have a closer look at the solution and get back with my thoughts

I've asked this question severally on this forum and I can't find a single straight answer, its risky they kept saying, there will be gains and losses, that's the fact, my own way of trading is buying when bitcoin is down and wait for it to rise and I will sell again and rebuy when its down

There already are a lot of people sitting out there with evil minds just waiting for newbies to trap themselves with them. They might promise extreme higher profits which usually attracts the attention from newbies and that is what makes newbies to invest some amount with those scammers.

At the end, those newbies keep on cursing the cryptocurrency markets only because of few scammers. So to make our own research and use google as our teacher would be a best suggestion for now in order to minimize your risk and maximize the profits. Even if you move onto direct trading than you can find a number of good dips and peaks which would give you instant profit. Try to follow such smaller movements which would make you gain some experience and then you can move onto more professional ways of trading.

You need to stay focused if you ever want to move onto trading. Trading would require a lot of skills and you would also need to learn a lot of new things which would make it easy for you to understand the graphs. You need to get closer to the trading charts and patterns in order to start practicing trading. Trading might seem a profitable mean to earn profits but it could also bring a lot of risk along.

You need to have proper risk management which would not make you land in excess loss. You must learn to be patient because it is what will make you earn profits. The markets are much volatile which might instantly make you earn a decent amount of profits but at the same time you can even face loss if the market moves in opposite direction.

Since you want to trade, I suggest you first learn how to trade by familiarizing yourself with different trading techniques and options and the pros and cons involved in trading. There are many ebooks that provide a detail explanation about crypto trading. You can check some of the topics I created about some free cryptocurrency ebooks. I Know most people like you always want to go to coinmarketcap to get a list of exchange platforms but I will also warn you to be careful. Always seek for further help regarding any exchange platform you intend to trade.

that's not a good suggestion, it's good if a newbie doesn't spend a lot of capital to first trade, this is from my experience, I lost $ 500 in trade, and I think it is necessary to have knowledge, yes you can do it slowly

No matter how many suggestions you would get but it entirely would depend on yourself about which trading strategy you want to use and how do you want to have profits. Even in trading, there are a number of ways to earn profits. There also are various kinds of trading which includes spot trading, margin trading, futures trading, etc and it would entirely depend on yourself about which trading you want to select to start gaining profits.

I would suggest you to go for lower risk trading which is spot trading. That is the same you are currently doing. But perhaps the profits you would be getting in spot trading with bitcoins might be much lower and in order to start increasing your profits you can move onto some other potential coins who have lower price but higher volume.

Not quite clear to me by forex suppose instaforex or bitforex. As far I know instaforex is offering 5K USD to start and understand trading, those USD isn't original. Only market bad situation could lose you, otherwise trading always profits for everyone. It's hard to believe but make a research for long time, it's very easy.

all you have to do first is look for the altcoin you want to trading, but I recommend you to trading in altcoin that is in the top 100 coinmarketcap, because altcoin in the top 100 coinmarketcap is definitely very easy to trading (has a high volume), so you only need to buy altcoin when the price go down and sell it when the price goes up, but if the price doesn't go up then you only need to hold and wait until the price increases again.

Yes i can say that it will be much more easier for someone who is new to trading to learn the basics or the fundamental steps of trading like what you said. Well yes looking at coinmarketcap can help beginners but after you gain some experience in trading do not rely on cmc alone, try to do your own research, study candles etc. Just remember the golden rule, buy low and sell high.

Of course, For beginners in Crypto or forex trading don't use large capital to learn, but use small capital so that when there is a loss, then it is not too big. I personally when a beginner in the world of Crypto only used the capital that I got from Bounty, didn't spend my money.

if you start learning self-taught or with the help of references through every source of information then there is no guarantee for you and you also cannot trust them fully. it's just that if you really have high confidence in trading then chances are you can do it. The first time I started trading was based on intention, learning, experience, and income. but my advice is to start using small capital and do it in large exchanges and choose coins that have high trading volumes.

Afternoon there ladies and gentlemen. There is huge variety of different solutions coming onto the market, so I am here with the strategy I personally use. In my opinion, mine is pretty rational and can help to find the most advanced solution for you

Greetings. There are many aspects that matter, indeed. And we are not only talking about the idea as the idea, but much more about complex approach. So curious to hear yours

Mine is the following - I am starting with the niche. For example, talking about me, I am fond of different progressive ticketing solutions. When the niche is chosen, I try to have a look at the solutions that are having the highest ratings along with real feedback from users. And then I am also evaluating things on my own, paying attention to team, future opportunities and more

Interesting, usually people just follow what everyone follows. But to be honest, I love your strategy more, kinda it is deeper and more objective. As you are into the industry, can you give me an example of the solution that meets your requirements?

One of the most advanced solurions I am aware of is GET protocol. Guys are not only partnered with Klaitn (Google it, very famous korean platform), but also is main ticketing partner of Oerrock festival. And talking more on current progress, they have already sold around 300k tickets. This is a truly great result, from my point of view. And they grow truly fast

Hmm, indeed sounds pretty impressing, let me have a closer look at what the guys are offering and get back with own thoughts, thanks for your recommendation

Is not a problem to invest in crypto and forex, at least if you check some tutorials and try to not lose and also to not spend all money from the house to invest.

just like me, I got a prize 5 ETH in 2018, and it made me try to trade, but only 1 ETH for I traded at that time,
after I understood until now I already have 20 ETH, even though the amount is still small and i'm happy

In my opinion, trading is a complex matter that requires knowledge and experience for its management.  So this is not something that can be learned instantly, but it must be gradual and consistent.  Tips from me, learn the mistakes that are often made by new traders, then find and learn the solution.  it's effective enough to avoid common mistakes.  other than that use cold funds that you have prepared to learn to trade, so that if losses do not interfere with your finances completely.  the most important thing is not to trust too much on trading signals and the like, it's better to do independent analysis and expand the network to have discussions with fellow traded.

There are lots of good tips here. I wouldn’t have to cramp you up with my tips as the ones here are mostly related to what I would have mentioned. Just note that regardless of whatever opinions you get here, you have to make your due diligence. Keep learning about trading and don’t forget to take action. And start small and with money, you can afford to lose.