I really dont have a strong knowledge of good trading practices but I was thinking of taking about .5 to 1 of my BTC and converting it to LTC. I only have a few BTC but I thought it might be a good idea to diversify a little bit. Looking for advice.
If you want I can trade you a small amount of ltc. I accidentally sent some net to an exchange that didn't convert it to btc. DOH
The difference between trading and investing is huge. If you want to invest in and hold litecoins long term then by all means buy LTC. However if you want to buy low/sell high (traditional trading) or daytrade then I'd advise you to do a bit more reading on the subject.
http://www.babypips.com/school This is a forex trading introduction/school for newbies. Lots of great information on the subject which can be applied to any market even crypto currencies.
Thanks for this link! wow I'm going to lose all day tomorrow trying to finish it!
