Trading Newbie

[leeloo]

I understood 2 things till now.

Do not speculate as btc is volatile in case you cant afford a loss.
Buy only that much which you think can be sold and sell at the decided price which you thought at the time of buying insead of waiting for more price to rise.

Well, you misunderstood the first, and it's likely you don't understand the second as much as you think.

BTC is volatile, but so is everything else that is worth trading: it's true that you can't lose without volatility, but you couldn't win, either. Trading isn't about avoiding volatility, it's about how to capture the upside of it.

About the second point, you do capture two important ideas:

  1) position sizing: don't risk more than what you're willing to lose
  2) having a pre-determined exit

However, the strategy you describe is called mean-reversion and, while it may actually work, it comes with a limited upside and an unlimited downside. In human speech that means things will look quite spectacular until it suddenly won't: you'll keep winning small amounts quite regularly, and then you'll lose it all (and more) in one go. That is, unless you always set a stop-loss, but stop-losses erode the edge of mean-reversion strategies, so I doubt you could make it both working and secure. Unless you can compound very very fast, in which case maybe it'll work.

More robust are the different momentum strategies, maybe augmented with some mean-reversion to smooth out the equity curve and increase the win-ratio.

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[SaShiRaJaVu]

I understood 2 things till now.

Do not speculate as btc is volatile in case you cant afford a loss.
Buy only that much which you think can be sold and sell at the decided price which you thought at the time of buying insead of waiting for more price to rise.

You really cannot the price of bitcoin exactly no matter how experienced you are but there are several signs and indication when the price of coin rises .Yes bitcoin is really volatile but the price indicators can give us some clue on how the market will perform at certain times mainly during holiday season .For example is the price rise during December as most of the traders knew that the price would jump during Christmas but the bull run happened and everyone booked a good profit during that run.

[kidoseagle0312]

Hey all.  So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for What mistakes to avoid, what to never do etc.

Thanks everyone! 

For a newbie like you, it is really much better for you to read more in the bitcointalk.org were you can get the exact information about in trading. Just click the trading discussion most of often,. In trading, there is simple procedure that they follows buy at low price then sell at high price. That's it for now, enjoy!

[Dhoe]

As a newbie you have to be patients and exercise caution not to fall into the wrong trade ,look and learn from people who have been trading before and learn their success tips and what make them to fail

Do you have any other tip that you can follow how to trade and margin set or it is binary trading.. just newbie really do not know how to trade.. since i heard many people are recommending it as a good source of earnings i want to learn it..

For more information about trading, wa can join any groups, slack or twitter about coin has your trade. We can get information from dev or team about their coin. 

Yes we can make profit with it while joining in their groups but it will take some time to make profit from it, every day it is not possible to them and they will not announce that we are going to increase the price. We have to keep track every thing in order to make profits from it.

We have to keep updated on their chat, ask them what there will be released a new features or the latest platform in their coins, because usually when a new features release, the price will go up.

[legendbtc]

As a newbie you have to be patients and exercise caution not to fall into the wrong trade ,look and learn from people who have been trading before and learn their success tips and what make them to fail

Do you have any other tip that you can follow how to trade and margin set or it is binary trading.. just newbie really do not know how to trade.. since i heard many people are recommending it as a good source of earnings i want to learn it..

For more information about trading, wa can join any groups, slack or twitter about coin has your trade. We can get information from dev or team about their coin. 

Yes we can make profit with it while joining in their groups but it will take some time to make profit from it, every day it is not possible to them and they will not announce that we are going to increase the price. We have to keep track every thing in order to make profits from it.

We have to keep updated on their chat, ask them what there will be released a new features or the latest platform in their coins, because usually when a new features release, the price will go up.

How long we keep on waiting to see updates from the company because some times we need money but the price of altcoin is very low but we purchase them at higher price. See you need to keep track of every thing on what you are investing, every time you need to keep watching market because when price increase you sell them at higher price.

[carlfebz2]

As a newbie you have to be patients and exercise caution not to fall into the wrong trade ,look and learn from people who have been trading before and learn their success tips and what make them to fail

Do you have any other tip that you can follow how to trade and margin set or it is binary trading.. just newbie really do not know how to trade.. since i heard many people are recommending it as a good source of earnings i want to learn it..

For more information about trading, wa can join any groups, slack or twitter about coin has your trade. We can get information from dev or team about their coin. 

Yes we can make profit with it while joining in their groups but it will take some time to make profit from it, every day it is not possible to them and they will not announce that we are going to increase the price. We have to keep track every thing in order to make profits from it.

We have to keep updated on their chat, ask them what there will be released a new features or the latest platform in their coins, because usually when a new features release, the price will go up.

How long we keep on waiting to see updates from the company because some times we need money but the price of altcoin is very low but we purchase them at higher price. See you need to keep track of every thing on what you are investing, every time you need to keep watching market because when price increase you sell them at higher price.

As a trader you will really need to monitor the trades or coins that you have been made in able for you to see the price movements on that particular coin because if you did not pay attention to it and the price increases on a short time you will surely miss the opportunity on making huge profits which is really possible to happen on trading thats why we should be watchful.

[blackhawkeye1912]

Hey all.  So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for What mistakes to avoid, what to never do etc.

Thanks everyone! 

The things you need to avoid I think is You must not be impatient on waiting once you put a sell wall in the exchange platform. And never let your emotion in trading controls you instead you must know how to control your emotion.

[Superzpay]

Hey all.  So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for What mistakes to avoid, what to never do etc.

Thanks everyone! 

For a newbie like you, it is really much better for you to read more in the bitcointalk.org were you can get the exact information about in trading. Just click the trading discussion most of often,. In trading, there is simple procedure that they follows buy at low price then sell at high price. That's it for now, enjoy!

Along with the discussion on here about trade he also need to take some classes in trade training centers as the teachers often tell all the strategies on that place and besides that the newbie trader also need to real the tutorials available on internet. I am taking the tution from these tutorials and I am learning very well from there. After that when you have any doubt about any thing in trade you can search on this forum and if you do not find then ask a question. Members will like to help you.

[dotajhay]

Hey all.  So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for What mistakes to avoid, what to never do etc.

Thanks everyone! 

For a newbie like you, it is really much better for you to read more in the bitcointalk.org were you can get the exact information about in trading. Just click the trading discussion most of often,. In trading, there is simple procedure that they follows buy at low price then sell at high price. That's it for now, enjoy!

He can find a trading basics and guides here he must be to invest small amounts of bitcoins for practicing trading then when he is now professional in trading he can do bigger investments for traidng bitcoins.

[meemiinii]

Hey all.  So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for What mistakes to avoid, what to never do etc.

Thanks everyone! 

For a newbie like you, it is really much better for you to read more in the bitcointalk.org were you can get the exact information about in trading. Just click the trading discussion most of often,. In trading, there is simple procedure that they follows buy at low price then sell at high price. That's it for now, enjoy!

Along with the discussion on here about trade he also need to take some classes in trade training centers as the teachers often tell all the strategies on that place and besides that the newbie trader also need to real the tutorials available on internet. I am taking the tution from these tutorials and I am learning very well from there. After that when you have any doubt about any thing in trade you can search on this forum and if you do not find then ask a question. Members will like to help you.

being watchful is so important. this means that every now and then, you should monitor the price of a certain coin so you will not be late in trading incase there's a possible pump that is gonna happen.

anyway, if i may ask, what is your citizenship anyway mate? i have a filipino group in facebook which i have joined few montjs ago. and the admin is giving tips that are easy to understand how the trading works and startegies that are so easy to follow. unfortunately, some of his post were written in our language. if you dont understand it, you can send him a direct message to clarify things. i wilk come back later. i will just look for the link for you.

[jeraldskie11]

Hey all.  So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for What mistakes to avoid, what to never do etc.

Thanks everyone! 

Start trading in the Poloniex there are many altcoins there. Look to the rate of the altcoins that you want to trade, if the rate is more on increasing that is the time to trade with it because if you trade with low rate altcoins maybe you can't earn to it. That is my tricks in trading to earn faster. That is my advise for you.

[meemiinii]

this is the link im telling you mate..

https://mobile.facebook.com/groups/453765381500516

you can join.. there. you can pm the admin. he'll answer all of your questions.

[MMA]

Hey all.  So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for What mistakes to avoid, what to never do etc.

Thanks everyone!  

Start trading in the Poloniex there are many altcoins there. Look to the rate of the altcoins that you want to trade, if the rate is more on increasing that is the time to trade with it because if you trade with low rate altcoins maybe you can't earn to it. That is my tricks in trading to earn faster. That is my advise for you.

i think a newbie must be very much careful about his first trading. he should start from a very little amount, because there is more chance lose if you have no experience and skill in trading. they should invest such an amount that he can bare to lose. and gradually should increase his invested amount as soon as he get experience in trading.

[maydna]

Hey all.  So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for What mistakes to avoid, what to never do etc.

Thanks everyone! 

Start trading in the Poloniex there are many altcoins there. Look to the rate of the altcoins that you want to trade, if the rate is more on increasing that is the time to trade with it because if you trade with low rate altcoins maybe you can't earn to it. That is my tricks in trading to earn faster. That is my advise for you.

i think a newbie must be very much careful about his first trading.

indeed especially if a newbie use big funds and use all in for first trading because with less experience in trading it is not good and that person can getting loss of his funds. my suggestion is only use small amount with your first trading while you can learn and read about the trading so you can practice from what you've read.

[DarkIT]

Hey all.  So i want to start trading, but i have almost no idea what to do. So i would love if someone would disscus that with me and eberyone else

So, to start trading, i need site for that. I would want to do altcoins/bitcoins trading, i used to know one site but can't find it anymore...

And then, any tips here for me and other newbies? Buy cheap sell expensive is not tip i search for What mistakes to avoid, what to never do etc.

Thanks everyone! 

For a newbie like you, it is really much better for you to read more in the bitcointalk.org were you can get the exact information about in trading. Just click the trading discussion most of often,. In trading, there is simple procedure that they follows buy at low price then sell at high price. That's it for now, enjoy!

Well, I think before the start of trading, you have to find very much information from trading. if you have obtained a lot of information, you might try trading with a minimum price amount or small amount. because it could save you from unnecessary losses. ready yourself before trying to trade with a high amount

[alichang]

Is there also a Exchange that has a mobile app for android?

So that I can sell and buy 24/7 on my mobile phone ?

[e-coinomist]

i think a newbie must be very much careful about his first trading.

Nope, go in head first! Sorry there is no learning curve without taking some damage. But here comes the trick, you can scale that possible damage in advance.
Don't start with a portfolio sized like your year's salary. Start small, trade on the edge and get yourself both, lucky strickes and bloody nosed following closely.
We you realize it's "your thing" and the time spend pays out, then start to scale up.

[Question123]

If you want to start trading or become trader. You need a lot of information how to earn bitcoin from that. Visit ann thread for the info . look the previous price of the coin you want to buy and do lot of strategies like me I do strategy and its very effective.

[jossiel]

Is there also a Exchange that has a mobile app for android?

So that I can sell and buy 24/7 on my mobile phone ?

I think cex.io does have an app for android users and as well as for IOS users. I just don't know if kraken are supporting android users. Try to check these links.

https://play.google.com/store/apps/details?id=io.cex.app.prod&hl=en

https://itunes.apple.com/us/app/cex.io-bitcoin-exchange/id1047225016?mt=8

https://itunes.apple.com/us/app/kraken-bitcoin-exchange/id914671502?mt=8

[kidoseagle0312]

My recommendation about a Exchange site to Trading is C-cex.com.. Yobit is also famous but sorry to say  I am not satisfied with their support system. they are only interested to make more and more money but don't care to their users.

but if you are using Yobit then becareful with:

1: Don't buy a coin which's price is 1 satoshi, yobit charge fee to list any shit coin,
2: Never buy a Coin which is being pumped by a bot. sometime you may see an altcoin is being bought so badly. but if you see the amount of coins you'll this is all happening with the help of Pump bots,
3: Never Store big amount of money in your exchange wallet (this tip is not only for yobit. it is for all exchange sites)
4: Don't send your all coins in yobit in one time. some of yobit wallets are dead and not working. if you send all your coins there you'll probably lost them.. first send few coins and verify that the wallet is working or not.

Good Luck.

This is all correct about the information in yobit., Though this was a good starting for a newbie trader just mix it with carefulness by choosing the coins you are going to trade in. And true also that not all coins out there has an active wallet address too like gml that has listed in yobit.