how to start trading with a very small amount

[jod_doj]

well when i have started trading i had really small money so i had to do some kind of a strategy in order to maximize my earnings from trading so i traded usually in the morning when i bought all the cryptos and then sold it at the evening

i sometimes managed to make some small money but i think it was because of luck too i think this strategy had some potential it just needs a bit of tweaking

[Hazyel]

Trading is almost like gambling, but if you know enough about a background of a developer, you can have some profit.
Altcoin is about the developer, not the coin. People often ignore that.

[Koamder]

Trading is almost like gambling, but if you know enough about a background of a developer, you can have some profit.
Altcoin is about the developer, not the coin. People often ignore that.

That is right. The Etereum developers are quite well known. They also have connection with big companies.

[BitHodler]

Trading is almost like gambling, but if you know enough about a background of a developer, you can have some profit.
Altcoin is about the developer, not the coin. People often ignore that.

Last years the majority of the altcoins are bought coins and have no real devs behind them at all.

Which means that no matter how much research you do, investing in altcoins is pure gambling.

[rizkyhiw]

Trading is almost like gambling, but if you know enough about a background of a developer, you can have some profit.
Altcoin is about the developer, not the coin. People often ignore that.

great suggestion from newbie this is should become warning and tuttorial that when we would start trading,we must have good knowledge about coins and it developer as well,so we can little bit know what will happen to the price and activity from that coin.

[n0ne]

Recently lot of users profited with the altcoin trade and invested the profit in bitcoin. so this looks to be the best at present with a small capital.

[Aggressor66]

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

Make your own decisions.

I figured the most important bit of advice should come first. Following the choices of others is a very bad idea. Many traders will use social media as a way to manipulate markets by spreading bad investment advice in order to lower the prices. I strongly recommend you make your own decisions on when to invest and when to sell.

Do your research.

There are a huge number of different sites dedicated to monitoring the price of Bitcoin with features such as order depths, candlestick charts and much more. These sites are extremely helpful when it comes to reading trend lines and general market analysis.

Do not go all in.

Only invest money that you are fine with potentially losing. Over the years, many traders have made the big mistake of investing everything they have and losing it. There have been people that have even sold their houses for Bitcoin. While some have invested lots of money into Bitcoin at the right time, it does not mean you will end up with the same fortune. Start with small amounts of money and once you get the hang of trading you can increase the amount.

Start with Altcoins.

Altcoins are alternative cryptocurrencies that tend to be significantly cheaper than Bitcoin. Due to the general stable and high price of Bitcoin, any real profits aren’t going to be that noticeable unless you invest heavily. However, with certain Altcoins, investing could lead to a much higher profit.

Take advantage of the Internet.

If you have no idea how trading works then there are many useful videos on YouTube/ tutorials on the Internet that can teach you to understand the essentials in order to get started. Due to the similarities between cryptocurrency trading and stock trading, it shouldn’t be hard at all to find a tutorial that can explain candlestick charts and order depths.

[BitMaxz]

Recently lot of users profited with the altcoin trade and invested the profit in bitcoin. so this looks to be the best at present with a small capital.

Yeah you can make a lots of profit if you start with small amount slow but gradually increase your profit honestly i also start in small amount and never spend my profit anywhere just use it for trading until i can make lots of profit with my small amount of trading..

[BellaBitBit]

Trading is almost like gambling, but if you know enough about a background of a developer, you can have some profit.
Altcoin is about the developer, not the coin. People often ignore that.

great suggestion from newbie this is should become warning and tuttorial that when we would start trading,we must have good knowledge about coins and it developer as well,so we can little bit know what will happen to the price and activity from that coin.

Agree with this as well.  Study the coin, do your research, and make sure there are actual developers behind the coin and if they have a resume of accomplishes even better.  Google the coin and see if there is any legitimate news.  RESEARCH

[talkbitcoin]

the most important to do when trading anything is to stay aware of the market of that thing, and all the news that is happening with it. for example a developer team change or release of a new feature can shoot the price up.

and it doesn't matter how much you have for trading because most exchangers will let you make orders as small as 10000 satoshi.

[btcdevil]

the most important to do when trading anything is to stay aware of the market of that thing, and all the news that is happening with it. for example a developer team change or release of a new feature can shoot the price up.

and it doesn't matter how much you have for trading because most exchangers will let you make orders as small as 10000 satoshi.

It is right which ever coin you are going to trade , first check the details about that coin its developer and the coin is live or dead, then start doing trading instead of any one tell about a coin and you just get stuck if that coin is not moving.

as i have check with most exchanges minimum transaction is 10000 satoshi only.

[bitcoinbox]

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

to trade with small amounts(probably because you are newbie) you have to find site that allows you to trade small amounts, because main sites that are very popular, well i don't think that they will let you to trade 2 or 3 $ only, they probably let you to trade large amounts only

On most of the popular trading platform, you can trade with even less than 2 or 3$.

[quadriple7]

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

well because you're new to trading, it is good that you decided to ask for help here, people here are very friendly and will help you, you also have to be ready to lose you money too, you can't always win them, and you have to decide which currency you will trade, then find a exchange site that you like and start trading, buy when cheap sell when expensive and watch you get get more money

[Psi]

at yobit are quite a few cheap coins (under 10 sat) some as sharp rises occasionally, if you check out the threads here on forum before you buy you can do quite well for low risk and get experience

[mrhelpful]

Recently lot of users profited with the altcoin trade and invested the profit in bitcoin. so this looks to be the best at present with a small capital.

i see more scenarios like this in hyped up alt coins.

but I never seen it with bitcoin, unless you knew something others didnt way ahead of time.

[vendetahome]

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

first you need some money to start trading, bitcoin is okay for trading but you should try to trade etherium too as it is pretty new currency so you might earn a lot from it

then buy any currency when it is cheap and sell when it is expensive, i think this is the main rule for trading, don't be greedy too and don't wait for very huge price rise

[niall05]

Join this site dude. Poloniex.com or yobit.net this site help u to make money faster this site is also very safe to trade. Don't worry about your bitcoin it is safe in that site. Try it now!

[Koamder]

Join this site dude. Poloniex.com or yobit.net this site help u to make money faster this site is also very safe to trade. Don't worry about your bitcoin it is safe in that site. Try it now!

How do you know they are safe? Are the funds in there insured? If they are hacked, can you get them back?

[Goms]

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

As you know nothing about trading, its best to start educating yourself first before jumping into any trading site. Read their FAQ section so you know what you are doing. Don't just blindly buy any coin out there without doing some research on that particular crypto.

Do you know the reputable trading sites to go to? I heard yobit's customer service is not fast.

[Herbert2020]

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

As you know nothing about trading, its best to start educating yourself first before jumping into any trading site. Read their FAQ section so you know what you are doing. Don't just blindly buy any coin out there without doing some research on that particular crypto.

Do you know the reputable trading sites to go to? I heard yobit's customer service is not fast.

there are a lot of exchangers for bitcoin and altcoins so it depends on what you want to trade.

for bitcoin-fiat you can use bitfinex, kraken, btc-e, ...
for altcoin-bitcoin you can use kraken and btc-e for just a couple of altcoins but you can use bittrex or poloniex for more options.