Basic trading tips

[Ace_Of_Fades]

I trade altcoins on cryptsy, and to this day I haven't lost a trade. I got most of my knowledge from a bunch of penny stock DVD's that are worth $300, I found them on the piratebay for free. There was 72 hours of information and alot of it was pointless BS. Sooner or later I'll be writing an in depth post on how I trade, I just need to get around to it. If you know how to torrent PM me, I'll send you a link to get them. The guy who made the DVD's name is Timothy Sykes, if you google his name you should be able to find some of his teachings online for free.

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[HeroCat]

The main problem can be - know the right time, when to buy at low price. Therefore I would suggest to choose some crypto and then check them for some weeks, before you start to do something real 

[avw1982]

The main problem can be - know the right time, when to buy at low price. Therefore I would suggest to choose some crypto and then check them for some weeks, before you start to do something real 

Its a good idea. I use to buy at when price is low only and I use to sell to traders when its reaches the good value for the bitcoin the market. But I noticed in many bitcoin exchanges, Traders are not updating the rate for the bitcoin according to its current condition. If they consistently work on that means I would really happy while selling.

[realchlorum]

I recommend to go to a exchange like BTC-E or any site and take idk .5 btc and trade with it.
Just to understand the system and get a feeling of the market.
Its like training, i did this back in the days with ppc when there was this "big announcement"

[Relex]

Try youtube there are hundreds of tutorials for learning this.

[BTCBinary]

You just need to stick to the simple rules of daytrading. You buy low and sell high. Try to use less than half of your stack. After buyig if the price goes about 10% more sell it and wait for a turnback, if the price goes down buy some more to try to lower the buy price.

Anyways always remember Buy low and sell High.

[davinchi]

I recommend to go to a exchange like BTC-E or any site and take idk .5 btc and trade with it.
Just to understand the system and get a feeling of the market.
Its like training, i did this back in the days with ppc when there was this "big announcement"

BTC-E is good and they have MT4 wherein a user can start trading using a demo account. 0.5 wouldn't be a good amount to start with though if the user is new to BTC and I guess 0.1 would be more than enough and then the user can increase the amount as he gets a hold of it.

@OP: Demo account is the best tip I can give you. Best of luck as a trader.

[omahapoker]

Go and do this learning course:

http://www.babypips.com/school

its about Forex Trading, but most of the things can be applied to BTC

[HarHarHar9965]

Trading bitcoin is very simple You could suggestion to your friends who are all using bitcoins and You need to do is just go to any trading site and there you find traders Just do If you want to sell or buy. thats according to your wish.

[wailui]

Thanks for the tips

[Slark]

The safest way to make money with trading is through arbitrage. This means that you see an opportunity to buy an asset in one place for a certain price and sell it immediately at another place for a higher price. It is important that you know you can sell the asset immediately at a certain price. If you decide to keep that asset and sell it later after price will shift - then it is speculation not arbitrage anymore.

[flagpara]

The safest way to make money with trading is through arbitrage. This means that you see an opportunity to buy an asset in one place for a certain price and sell it immediately at another place for a higher price. It is important that you know you can sell the asset immediately at a certain price. If you decide to keep that asset and sell it later after price will shift - then it is speculation not arbitrage anymore.

I disagree. It may be true in some cases and currency, especially in the FOREX market, but it's not true with bitcoin. Unless you have really huuuuuuuge amounts in many brokers.
Cause you can't transfer funds from an exchange to another, it takes too much time! Depending on number of confirmations needed it can take up to an hour to make the transfer! So hard to do any arbitrage...

And you have to see a gap of prices big enough to absorb the fees, you usually have a 0.2% fee that woud'll have to pay twice. Considering the current price of 450$ (more or less) it means you have to ensure at least a 2$ difference ONLY TO BE EVEN!

Arbitrage is for huge amounts, dealt by robots in an automatic and fast way.

At least that's my opinion