I am confused with trading.Help me out

[bitcoinbox]

Before you start trading, I suggest you to acquire as much info as you can. Trading BTC or the Nasdaq or the Forex or whatever is basically the same so you'll find plenty of info everywhere.
Do not start trading if you have no idea about it. Also learn how to read the charts.

[techgeek]

Before you start trading, I suggest you to acquire as much info as you can. Trading BTC or the Nasdaq or the Forex or whatever is basically the same so you'll find plenty of info everywhere.
Do not start trading if you have no idea about it. Also learn how to read the charts.

Half the struggle is getting consumed with all the trade strategies to go, and because of this most people just give up.

Which is very understandable, if anything the best way is to network and find a day trader thats already been doing it for awhile and learn their trade setup etc.

[Dwelach]

I understand that you are confused, because many people here are negative about the value and they tell you that you have to stop or something etc. but dont do that.
But trading is not that bad, because you can make some profit with it and that is nice.

[TommyBitcoin]

Everyone keep going around buy low and sell high. You guys are just using different and more complicated ways to say the same thing.
There are real techniques for trading. But, looks like no one here knows. And those who know it, are not willing to teach.

Yes, buy low and sell high.  But it is more complicated than that.

First, wherever you buy, you are probably going to want to find a different source to sell. 

For example, if you think you can buy on bitstamp and then resell on bitstamp, you won't have much of a markup if any.  You have to find a different exchange or a different source to sell.

For example, buy on bitstamp and then sell on the otc market, like meeting someone in person or selling on localbitcoins.  The difference in price of what you've bought and then what you've sold can be profitable.   

Even better is if you find a trader who wants to get rid of his coins at below market rates.  If you advertise enough on Craig's List, localbitcoins, backpages, etc, you may eventually find people, like miners, bitcoin enthusiasts, etc, who will see you at below market rate.  You can then resell these on the exchanges or from a local buyer.

That is where the buy low, sell high comes in.  If you can't buy at a good rate, you will not be able to sell at a higher rate.

Hope this helps!

[jaff11]

It is clear that you don't have any previous experience or knowledge about trading, and you are only boosted by an emotional impulse to trade bitcoins. I would recommend you to stop this attempt in order to get a first understanding of this business if you don't like to blow your whole money.
 

 
 
 

[Herbert2020]

It is clear that you don't have any previous experience or knowledge about trading, and you are only boosted by an emotional impulse to trade bitcoins. I would recommend you to stop this attempt in order to get a first understanding of this business if you don't like to blow your whole money.
 

we were all confused and inexperienced once but over time we made mistakes and learned from them, so you shouldn't just run away if it is confusing.
although it is a good advice to not act irrationally and only based on fake hype that people create on the social media to create panic.

[gkv9]

@OP,
The difference between the buy and sell price that you are seeing is called spreads or margins that you need to wait to be filled when selling your coins in order for you to be able to earn from trading, as these brokers earn from these spreads only, which is why everyone is bound to follow the rule...

[btvGainer]

Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading

[fuathan]

You need to wait for earning some profit in trading. Cryptos moon and you can double or triple your investment in a short time.

You need to figure out what coins are best to invest and what coins are worst. Check sellwalls (automatically selling orders) and if you see a crypto that selling price is 10 satoshi and there is a sellwall in 11 satoshi than keep away from that crypto.

And also, don't listen trolls in trading sites.

[pooya87]

Before you start trading, I suggest you to acquire as much info as you can. Trading BTC or the Nasdaq or the Forex or whatever is basically the same so you'll find plenty of info everywhere.
Do not start trading if you have no idea about it. Also learn how to read the charts.

well, in my opinion they are the same and they aren't at the same time. as bitcoin grows bigger and bigger it becomes more like forex,... and the same rules will apply and the technical analysis will work but until then it is controlled a lot by hype and a lot of newbie traders who panic sell/buy and swing the price around.

and this becomes a lot worse when it comes to trading altcoins. since that market is a lot smaller the manipulations are a lot bigger.

[EdenHazard]

Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading

This is the real function of forum to spread and share knowledge / experience.

Glad to hear it was helpful for you, just additional comment from me , if you are talking about trade bitcoin-fiat then I think it is needed large capital to start. Try trade on altcoin, you might can start trading with 1 btc capital only and you can earn more than 50% of your capital a day.

[talkbitcoin]

Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading

This is the real function of forum to spread and share knowledge / experience.

Glad to hear it was helpful for you, just additional comment from me , if you are talking about trade bitcoin-fiat then I think it is needed large capital to start. Try trade on altcoin, you might can start trading with 1 btc capital only and you can earn more than 50% of your capital a day.

i don't agree with this, it doesn't matter how much you start with for trading no matter what you trade (bitcoin or altcoin) in both cases you can start with a small same size investment and make profit or lose money.
but altcoin have more profit but also more loss while bitcoin trading has less change.

[futurebit640]

Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading

This is the real function of forum to spread and share knowledge / experience.

Glad to hear it was helpful for you, just additional comment from me , if you are talking about trade bitcoin-fiat then I think it is needed large capital to start. Try trade on altcoin, you might can start trading with 1 btc capital only and you can earn more than 50% of your capital a day.

i don't agree with this, it doesn't matter how much you start with for trading no matter what you trade (bitcoin or altcoin) in both cases you can start with a small same size investment and make profit or lose money.
but altcoin have more profit but also more loss while bitcoin trading has less change.

Trading with high price is good we will make good profit with this but our fate is not good price went decrease means we will get huge loss so instead of loosing huge money in a single shot we may invest small amount and making small profit is good idea i think and in altcoin we can make nice profit but loss also is there because price variation so i think bitcoin variation is better now.

[talkbitcoin]

Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading

This is the real function of forum to spread and share knowledge / experience.

Glad to hear it was helpful for you, just additional comment from me , if you are talking about trade bitcoin-fiat then I think it is needed large capital to start. Try trade on altcoin, you might can start trading with 1 btc capital only and you can earn more than 50% of your capital a day.

i don't agree with this, it doesn't matter how much you start with for trading no matter what you trade (bitcoin or altcoin) in both cases you can start with a small same size investment and make profit or lose money.
but altcoin have more profit but also more loss while bitcoin trading has less change.

Trading with high price is good we will make good profit with this but our fate is not good price went decrease means we will get huge loss so instead of loosing huge money in a single shot we may invest small amount and making small profit is good idea i think and in altcoin we can make nice profit but loss also is there because price variation so i think bitcoin variation is better now.

your English is so bad, i can't really understand what you are trying to say.

if you are talking about diversifying your investment, then i agree this is a good idea to invest in multiple coins to reduce the risk.

but if you are saying if we buy coins that have lower value we can make better profit then i disagree because coins with lower value line something that is worth 100 satoshi are most probably going to die soon so the risk is higher.

[Goms]

yes you're right, main rule of bitcoin and every other crypto is to buy cheap and sell expensive, let's say if you bought your bitcoins at 390$ each, don't sell them for 380$ next day, you have to wait for right moment, like huge price rise to 500$ or 450$ and then sell
[/quote]




One will have to wait a whole year before the price can rise to $500!

[safari88]

yes you're right, main rule of bitcoin and every other crypto is to buy cheap and sell expensive, let's say if you bought your bitcoins at 390$ each, don't sell them for 380$ next day, you have to wait for right moment, like huge price rise to 500$ or 450$ and then sell

One will have to wait a whole year before the price can rise to $500!
[/quote]

if you buy bitcoin at $390 and sell at a price of $450-500 usually takes a long time. better play fast and sell in the range of $395-400

[btvGainer]

yes you're right, main rule of bitcoin and every other crypto is to buy cheap and sell expensive, let's say if you bought your bitcoins at 390$ each, don't sell them for 380$ next day, you have to wait for right moment, like huge price rise to 500$ or 450$ and then sell

One will have to wait a whole year before the price can rise to $500!
[/quote]
Short term trading works best only if you trade in great volume I.e if you buy 10 btc at $400 and sell after 2-3 days at $410 you will make $70 profit but if you trade with less btc,your traffic wouldn't be substantial

[mrhelpful]

Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading

This is the real function of forum to spread and share knowledge / experience.

Glad to hear it was helpful for you, just additional comment from me , if you are talking about trade bitcoin-fiat then I think it is needed large capital to start. Try trade on altcoin, you might can start trading with 1 btc capital only and you can earn more than 50% of your capital a day.

i don't agree with this, it doesn't matter how much you start with for trading no matter what you trade (bitcoin or altcoin) in both cases you can start with a small same size investment and make profit or lose money.
but altcoin have more profit but also more loss while bitcoin trading has less change.

This is why people should use the alt coin as a educational and stick with that route to earn back more in bitcoin.

As long you dont pay for the alt coins and trade and earn the alt coins through other ways should be fine.

[avw1982]

Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading

This is the real function of forum to spread and share knowledge / experience.

Glad to hear it was helpful for you, just additional comment from me , if you are talking about trade bitcoin-fiat then I think it is needed large capital to start. Try trade on altcoin, you might can start trading with 1 btc capital only and you can earn more than 50% of your capital a day.

i don't agree with this, it doesn't matter how much you start with for trading no matter what you trade (bitcoin or altcoin) in both cases you can start with a small same size investment and make profit or lose money.
but altcoin have more profit but also more loss while bitcoin trading has less change.

This is why people should use the alt coin as a educational and stick with that route to earn back more in bitcoin.

As long you dont pay for the alt coins and trade and earn the alt coins through other ways should be fine.

Yup I think OP could buy Localbitcoins account, Which is with more than 100 trade and 100% trust. Then He can do doing with his fund and as much he can...

[farfakugel]

Start with a small amount, make sure you can make at least 200 tiny trades before going bigger. This is better than demo trading because you use a little real money which is enough to trigger your internal emotions and decision-making skills that demo cannot.

Then practice practice as much as possible and eventually if you are part of the top 5% of traders at one point you will be able to make minimum wage consistently.