Where can i learn to use the market to make a profit

[goldkey0070]

Hi, I am very green when it comes to buying and selling bitcoin for a profit.Can anyone tell me where the best place to learn and what is the minimum amount of bitcoins to start with, is there micro trading untill i get the hang of it??

[1715630399]

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[1715630399]

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[randy8777]

i suggest you to be patient with trading as you haven't done it before. best is not to chase quick profits as it might cost you a lot.
btc-e is a decent exchange which allows you to make deposits and hold balance without verification.

[gentlemand]

This sub is entirely dedicated to that type of thing - http://www.reddit.com/r/BitcoinMarkets

There's a vast amount to learn. Successful people might have been wiped out several times before they started to make a profit. I suspect consistent successes are few and far between.

Paper trading for a few months will tell you whether you've got a knack for it or not. Exchanges will normally let you trade in very small amounts. The Chinese exchanges like OKCoin and Huobi have zero fees. Fees will add up if you trade often.

It's a game most will lose at. Keep that in mind.

[freemind1]

Hello goldkey0070. randy8777 gives you good advice. It would also be good for you to read a lot, if you search in the forum you can see threads about people who know much, read, ask them and observe. And with patience will learn.

[BTC-Bank]

Hello @goldkey0070 my friendly advice before start anything is to understand how the whole market work, also before get in the trading world even if you are looking for arbitrage opportunities is good to give a little time to practice with a pen and a paper to avoid mistakes,calculate charges/fees and to see if you can control it and can be profitably for the amount you are going to invest in.I am sure that you will find many sources online, just dont be hurry!

Kind Regards,
BTC-Bank.

[goldkey0070]

Thats great advice just doing it with paper at first. I won't hurry and ill leave this thread open for my updates......i still have to learn how and pick a platform. so im going to look into the chinese one and ill get back to you.

[Remember remember the 5th of November]

This type of thing takes YEARS to learn, I'm afraid. You'd have to do like 6+ months of FOREX on a demo account, to learn all types of patterns, trading strategies and whatnot, try and lose your real money on FOREX first, and maybe just maybe start to get the hang of it to do Bitcoin.

Or try blind luck.

[leesin]

Not promising you will handle all the learning but if you do you will have a good grasp on whether you want to carry on or not the site i started learning is called http://www.babypips.com/ and it has a vast amount you can transfer to whatever market you choose. If you have not seen it however experienced you believe you are then try it out and you will thank me later

[Tabata11]

I think the best way to do is buy on exchange and sell it P2P quickly at a higher rate.

[bitkilo]

This sub is entirely dedicated to that type of thing - http://www.reddit.com/r/BitcoinMarkets

There's a vast amount to learn. Successful people might have been wiped out several times before they started to make a profit. I suspect consistent successes are few and far between.

Paper trading for a few months will tell you whether you've got a knack for it or not. Exchanges will normally let you trade in very small amounts. The Chinese exchanges like OKCoin and Huobi have zero fees. Fees will add up if you trade often.

It's a game most will lose at. Keep that in mind.

Thanks for the link, i have been looking for something just like this, I've been trading small amounts, under 1btc and every now and then i pull off a good trade and make a small profit, easy too loose also if you don't know what your doing.

[Amph]

a useful site, don't know how much they are right

http://btcpredictions.com/

i want to add, take a look at the speculation section here on bitcointalk, there some users with nice prediction and technical analysis

[notlist3d]

BTC is not a get rich quick scheme.  If you have a opportunity that says you will get rich quick chances are it's a scam.

I think you are better off looking long term (1 year or possibly longer).   If you look long term you don't fret day to day drops or going up.   

If I had to throw out "quickest" way I would say it's buying BTC right now then selling later.  Only thing is we have been in 240's for a little bit.  And we have not manage to stay over 300 in a while.

[SirChiko]

Hi, I am very green when it comes to buying and selling bitcoin for a profit.Can anyone tell me where the best place to learn and what is the minimum amount of bitcoins to start with, is there micro trading untill i get the hang of it??

Daytrading suck man and you will probably end up in minus numbers if i may suggest you then buy in now and hold for atleast few months...then sell.

[benzenen]

Hi, I am very green when it comes to buying and selling bitcoin for a profit.Can anyone tell me where the best place to learn and what is the minimum amount of bitcoins to start with, is there micro trading untill i get the hang of it??

You just can learn trading by your experience. Don't believe in anyone . They can cheat you. If they're a good trading. they were millionaire.

They wont have time to teach you. They were on holiday in the Caribbean

[poisenrang]

Hi, I am very green when it comes to buying and selling bitcoin for a profit.Can anyone tell me where the best place to learn and what is the minimum amount of bitcoins to start with, is there micro trading untill i get the hang of it??

go to this website for further info it will maybe help you.

 http://www.reddit.com/r/BitcoinMarkets

[notlist3d]

Hi, I am very green when it comes to buying and selling bitcoin for a profit.Can anyone tell me where the best place to learn and what is the minimum amount of bitcoins to start with, is there micro trading untill i get the hang of it??

You just can learn trading by your experience. Don't believe in anyone . They can cheat you. If they're a good trading. they were millionaire.

They wont have time to teach you. They were on holiday in the Caribbean

I think you are a little unfair on this.  I am not a day trader, but I doubt near all of day traders are millionaires.

I do agree about watching out for your coins.  Not everyone but some are out for their self and a scammer.  But if something sounds to good to be true chances are it is.

[goldkey0070]

Thanks for your input  but you see i have no idea what to do when it comes to this. I just think if i learn i might be able to not do labor all day like i am now and make ok money.....is this even possible ??       im looking for some kind of training video or some site that will teach for free...does anyone know one of these sites url???  im not in any hurry because i dont want to lose money but my back can't take much more of this hard work i do.

[notlist3d]

Thanks for your input  but you see i have no idea what to do when it comes to this. I just think if i learn i might be able to not do labor all day like i am now and make ok money.....is this even possible ??       im looking for some kind of training video or some site that will teach for free...does anyone know one of these sites url???  im not in any hurry because i dont want to lose money but my back can't take much more of this hard work i do.

Bitcoin is not a get rich quick scheme.  You can mine, sell goods or services, signature campaign, trade.  All take time you cannot just do nothing and make anywhere close to "ok" money.

As far as BTC if you cant do one of the things above then your looking at buying it.   But there is no guarantee you can lose money if done wrong.

[goldkey0070]

 signature campaign??? what is that? is that what i did with this forum to post and they add an ad to my sig??? is that really profitable by itself........

[goldkey0070]

I do get a lot of traffic on my websites http://bitcoinfaucetrelay.com  and I do own a faucet but one site just feeds the other http://dimensionalbtc.ddns.net . i have adsense and bit media but they just don't pay enough. i own another site that has no purpose http://bitcoinfaucetexchange.com I'm not sure what to do with it . it has nothing on it... i am just not making enough coin with these sites ,thats why i was looking into using the market or some other direction,maybe someone has an idea for that site with no purpose... i can't change the name... any suggestions??? i also dont have enough money to buy bitcoins and sit on them i barely get by as it is...