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Author Topic: I'm a beginner, I want to start trading. What should i do?  (Read 11419 times)
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April 12, 2017, 12:05:31 PM
 #21

Never do panic sells/buys, you'll be ruined otherwise. If you want to be a successful, you be the one who set the price, don't let someone else do it for you. Also know that you can't exactly set a price on bitcoin because bitcoin's value fully comes from its users. It is not a house, it is not gold, it is not potatoes. People always be able sell it cheaper than you do. Know it that its a volatile market and you can end up with nothing.

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April 12, 2017, 12:52:56 PM
 #22

Trading is a completely different concept to learn and trading is acquired only when you have practical experience on it. There are many videos on youtube regarding trading but consider them as a suggestion because each person has his own views when it comes to trading.

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April 12, 2017, 01:05:36 PM
 #23

Not to lose your hard earned money google search trading strategies and possibly youtube is another avenue for learning trading although it's gonna time your time but it's worth it rather than losing your money after learning all the rudiments of trading try and demo your strategy before putting your real money or going live.

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April 12, 2017, 02:17:24 PM
 #24

Not to lose your hard earned money google search trading strategies and possibly youtube is another avenue for learning trading although it's gonna time your time but it's worth it rather than losing your money after learning all the rudiments of trading try and demo your strategy before putting your real money or going live.
Well, using google search for finding trading strategies is a really dumb idea.
You should get into books about it, nobody will like to reveal his secret on the internet, believe me.

For example, it is very hard (if not impossible)to find a full tutorial of price action scalping in the web, but the books are basically available in many places.
Except the strategy or technique, you need to have knowledge about how market works, and it's mechanics.

Trading news should be watched every day, and im not talking about the programme in TV, but e.g cryptocurrency news if you do altcoin trading.
Information is a very important thing in trading, having it first may help you to get into really good trades that can make up your profit better.














 

 

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@prashant
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April 13, 2017, 02:23:20 PM
 #25

Not to lose your hard earned money google search trading strategies and possibly youtube is another avenue for learning trading although it's gonna time your time but it's worth it rather than losing your money after learning all the rudiments of trading try and demo your strategy before putting your real money or going live.
Well, using google search for finding trading strategies is a really dumb idea.
You should get into books about it, nobody will like to reveal his secret on the internet, believe me.

For example, it is very hard (if not impossible)to find a full tutorial of price action scalping in the web, but the books are basically available in many places.
Except the strategy or technique, you need to have knowledge about how market works, and it's mechanics.

Trading news should be watched every day, and im not talking about the programme in TV, but e.g cryptocurrency news if you do altcoin trading.
Information is a very important thing in trading, having it first may help you to get into really good trades that can make up your profit better.
Even if you read hundreds of book then also there is not guarantee you will able to do it. It is same as share market but more volatile.only doing by self and loosing or winning some currency will give you an idea. The important part is patience and good prediction of its trade.
Trades should invest in top coins only as even they loose some value they will regain it quickly.

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April 13, 2017, 03:06:19 PM
 #26

Trading is a completely different concept to learn and trading is acquired only when you have practical experience on it. There are many videos on youtube regarding trading but consider them as a suggestion because each person has his own views when it comes to trading.

Hmm, I don't see that having a basic concept or trading. Because of the nature of trading essentially was selling and every sale definitely need an analysis of the market that they are doing the trading. So, if you want to become a trading correct then you should be able to know and understand the trading until analysis. If you can grasp and understand about trading then it is already highly enough to be able to benefit
 





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April 14, 2017, 04:22:00 PM
 #27

Trading is a completely different concept to learn and trading is acquired only when you have practical experience on it. There are many videos on youtube regarding trading but consider them as a suggestion because each person has his own views when it comes to trading.
The problem with all these videos is that they basically dont teach anything.
I always thought that showing few patterns on video with entry and exit price isn't helpful at all for a newbies, they can only try to memorize the pattern and look for it in the real markets, but that won't make a job.
It is about recognizing when to enter, when the specific incident occurs you have to be ready to go short/long.

Without any practical experience ( on real money ) you won't make a career as a trader, demo accounts won't do the thing.
It is because when the real money is involved, the panic and uncertainity goes in to the game. If you play only on demo, you dont really care if the trade you look at will be winning or losing one.


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April 14, 2017, 06:27:01 PM
 #28

basic things you need to do, is find out everything related to trading, and learn it as quickly as possible. when you are already familiar with trading, begin by raising capital, or bitcoin as a prefix for you. Well, try it with a small amount, because it can make you better in the analysis of trading. Well, this way has always managed to generate a small profit in trading.

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April 14, 2017, 07:00:17 PM
 #29

Trading altcoin is profitable. You  can make coin trading doge because the margin is high. I trade at https://exmo.com/?ref=122475 you can start from small amount of bitcoin. Minimal deposit is 0.001 Btc

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April 14, 2017, 10:16:14 PM
 #30

Trading has a lot opportunities to get extra bitcoins, but besides research you need to follow the market interest as well follow the fresh news, soo you need to read and follow news at first. Then you have to put your coins at risk, and choose a strategy, daily traders usually once they hit the roi they drop their coins and moove into others or wait some opportunity, but there is no way to predict the market at all.
Last month i bought doget at 19 satoshis, this month it had reached already 45 satoshis and now traded around 38 satoshis, this is just to show you that with some coins the waiting period might worth the risk.

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April 15, 2017, 04:47:03 AM
 #31

Trading altcoin is profitable. You  can make coin trading doge because the margin is high. I trade at https://exmo.com/?ref=122475 you can start from small amount of bitcoin. Minimal deposit is 0.001 Btc
yes there is no doubt about this that trading alt coin is really profitable, i have personal experience of trading alt coin and getting good profit from it.

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April 15, 2017, 05:56:14 AM
 #32

You can save your bitcoin as bitcoin itself is investment. For other choices you can invest in altcoins. High risk but high profit also. 0.5bitcoin is a big number already. Why not turn it to 1bitcoin in alts trading. You should watch youtube and google it more my friend. Experient by yourself and learn from mistake. My advice do not put your egg only in one basket ok.kbye
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April 15, 2017, 06:37:36 PM
 #33

Any beginner must start with demo accounts. For crypto currency trading only very few exchanges are offering demo accounts, you can check for bitfinex for availing demo accounts. I'm not sure they are still providing it.

In the case you cannot find, you can choose any Forex broker and trying with them to get familiar with various trading tools. Without demo accounts also we can get practice by just watching market and doing trading in paper itself.

Secondly you must watch more videos on youtube about different trading strategies and methods to get yourself familiar with them.

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BitcoinHeroes
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April 15, 2017, 07:58:33 PM
 #34

it's very successful to open titles like this.I do not know how much the person who opened the title controlled it.But I look at it from time to time and it is very educational.I want to give  some ideas.I'm following the coins that will go to the new market.And I try to collect information about these coins as much as I can.So I reduce the risk. And I can see the future of coin more clearly. There are a few coins I follow. If you want to send a private message.But it is certainly not investment advice.It's just my idea.







LittleBitFunny
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April 15, 2017, 08:32:29 PM
 #35

1) What should I start?
You could go down two routes.  You could start by looking at the altcoin announcements section and finding the altcoins with the most potential and investing in them at the beginning/during ICOs, or you could start by day trading relatively stable currencies like Monero or something based on smaller fluctuations (day trading).
Quote
2) Which platform should I use?
Poloniex is best in my opinion.
Quote
3) How can I analyze the Altcoins?
Find their subreddit, websites and ANN thread so that you can keep up to date and predict future events related to the coin based on the state of it and sell or buy based on how these events affect/will affect the market.  This is called fundamental analysis.  The other form of analysis is technical analysis, which is where you analyse the state of the market through charts/graphs in order to try and find how the price will change.
Quote
4) Auto or Manual?
If you're day trading, you can use bots as an assistant as long as you're very aware of trading and how to handle it manually in various situations.
Quote
5) From 1-10 how much is risks in trading Altcoins?
10.
Colt22
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April 15, 2017, 10:04:32 PM
 #36

If you are a beginner then do not start with that much amount because you will not be able to predict the market and you will not be able to earn from your investment if you were not having skills in trade. Put a smaller amount in the market and start to learn with that.


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BitcoinHeroes
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April 15, 2017, 10:09:10 PM
 #37

If you are a beginner then do not start with that much amount because you will not be able to predict the market and you will not be able to earn from your investment if you were not having skills in trade. Put a smaller amount in the market and start to learn with that.

So of course you can do it this way too.Set some amount you will not feel sorry for when you lose.You can at least learn about the operation by trial and error.


YTBitcoin
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April 15, 2017, 10:58:09 PM
 #38

First of all go to some expert and professional traders and get training from them you can also join some training institutes for starting the trade and when you find that you are in the stage that you can invest and will win in the trade without any risk then start to trade.


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sotoshihero
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April 16, 2017, 12:53:32 AM
 #39

As a beginner or newbie especially on cryptocurrency trading, you need to study more details about trading. Also, by doing trading in real time in small amount is a good idea to start with as you are immersed in trading at the same time learning it. Start from reputable trading site like Polo. Good luck.

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April 16, 2017, 04:09:11 AM
 #40

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.
You may start at 0.01-0.05BTC amount only for you to experience how it is and try to buy some active coins.
There are many trading sites there just make some research .
Check some threads here in altcoin .It is a big help , I only analyze it by some movements and update from my co trader from the start .
Manual or auto depends on your time to watch your trades.
10 as a start because you are an empty cup ,the skills you will learned will lower the risk of your trades.

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