Bitcoin Forum
June 23, 2024, 02:27:54 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Other / Beginners & Help / Re: Trading altcoin for the first time... on: August 11, 2018, 12:22:36 PM
Don't force yourself learning that candlesticks and any chart related terms during your newbie phase. It will just gave you more headache. Altcoin price movement is so volatile that technical analysis even how good it is are sometimes can't be applied.

Didn't you know that some of the good traders start without learning those chart terms at first?

THAT is good to hear.   Maybe that is what's holding me back, trying to learn the "technical" end of it first.

I was thinking to myself,  "I wish I could just find a sub-penny coin on gut instinct and go with it".  I know I need to research the history on the coin (even if its a short history) and what the objectives of the company behind the coin are trying to accomplish. 
2  Other / Beginners & Help / Re: Trading altcoin for the first time... on: August 11, 2018, 12:09:28 PM
If you really do it seriously, if you are still learning not. try using the application on android, I have tried it with a demo account. I forgot the name. you can learn how to trade there. later if you can get into a large site.

That actually was my next question.  Couldn't I just let a bot do this for me?  Has to be some downsides to that though, or everyone would be using them, right?
3  Other / Beginners & Help / Re: Trading altcoin for the first time... on: August 10, 2018, 01:12:01 PM
Wow!  Didn't expect so much help!  Thanks everyone.   I'm glad I ran my ideas through you all and from what I've read, looks like I'm on target in what I want to do.

I was going to take maybe $20 worth of what I have in ADA and trade it for another hopefully "hot" alt coin.  Just to learn the trading part of Binance.  I still have to learn "stop loss" I guess though too, as I'm not wanting to lose much of my $20 if I can help it.

I'm still watching several more vids on how to do this. I guess now would be the time to trade with the crypto market being in a valley.
4  Other / Beginners & Help / Trading altcoin for the first time... on: August 09, 2018, 06:38:03 PM
I want to learn to trade alts, on Binance, but am just afraid to begin.  Most of the vids I've seen say to use Bollinger bands along with, of course the candlesticks.  Can I get by with just those two indicators for trading?  Or, are there more "tools" I should use?  Just seems a bit overwhelming! Only going to spend $20 worth in fiat to start out, until I learn this. Any suggestions would be appreciated.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!