I'm a beginner, I want to start trading. What should i do?

[Wind_FURY]

Trading is not just easy as you think. Its hard to predict in trading, so your money that you invest in trading is risky. So you need to be careful in buying a currency when you start trading. Before to start trading you need to watch and analyse or put a question in mind how it works to be success. You should also do research before buying and there are many buying signals for you.

Please do not discourage new comers. Unlike any other field trading has some possibilities to get profits if we are ready to show our efforts and dedications. Still I am not saying trading is a safe heaven to make profits. It requires hard work and knowledge. All the requirements of trading are easily achievable.

Practicing for free of cost is possible in trading too similar to gambling. But, we need to remember our experience so that we can make use of our knowledge at right times. 

But it is not to encourage then either. There are a lot of Bitcoins scam investments and scamcoins out there. This market is also not regulated by the SEC which makes investing in cryptocurrencies more risky than stocks or forex.

[1714809237]

1714809237

[1714809237]

1714809237

[1714809237]

1714809237

[xFiber]

well Alt-coins are incredibly risky so i would put a 10 on that.  However there is a lot of potential as the saying goes.  As long as only a small amount of your portfolio is on that then you are fine.

They're not if you handle them carefully and only trade the trusted ones (LTC, ETH,...). All you need is a basic understanding of what trading is about. Recognize good trading opportunities and don't panic sell ever.

For a beginner trader, it's better to trade only which the market is more likely to be stable yo prevent huge percentage of money lose. However, as you know everything and you are seeking for high inflation altcoins, you may try new coin which has a huge potential to pump rapidly or gradually for bigger profit. This is quite risky yet if it is understood clearly and you are updated on its market, it would be easy for you to avoid money loss but you get profit instead.

You're probably right there but that's the gready way. I personally try to find more sustainable opportunities rather than a one time pump and dump. But is the potential risk really worth the reward, even if you know the coin well it may go either way.

[alexsandria]

Well, the safest thing you can do is just hold your Bitcoin and after many years its value can indeed be reaching 500K and by that time you can be living an easy life. But if you think you don't agree with what I said then the best thing to do is invest it with BitconnectCoin as the price right now is on appreciative mode am sure you can make some money here plus BCC can easily be converted back to Bitcoin for your convenience using some few clicks. Thanks and good luck to your many endeavors in life.

I agree that you must wait for the right time to sell your bitcoin if the value of it get high so that you will have many income. Many people do this strategy because they are sure that they will earn in this kind of strategy and they sure that they will not get scam by anyone. Many people became rich by this system and I know one of them because he told me how he pursue it and how he do it. Goodluck.

[sana54210]

Trading is not just easy as you think. Its hard to predict in trading, so your money that you invest in trading is risky. So you need to be careful in buying a currency when you start trading. Before to start trading you need to watch and analyse or put a question in mind how it works to be success. You should also do research before buying and there are many buying signals for you.

Please do not discourage new comers. Unlike any other field trading has some possibilities to get profits if we are ready to show our efforts and dedications. Still I am not saying trading is a safe heaven to make profits. It requires hard work and knowledge. All the requirements of trading are easily achievable.

Practicing for free of cost is possible in trading too similar to gambling. But, we need to remember our experience so that we can make use of our knowledge at right times. 

But it is not to encourage then either. There are a lot of Bitcoins scam investments and scamcoins out there. This market is also not regulated by the SEC which makes investing in cryptocurrencies more risky than stocks or forex.

You mean to say to stay away from crypto currency trading ? Will You leave bitcoin ecosystem as it is not recognised by any government and it is not regulated ?

Entire bitcoin system is a free market and you never would expect regulations on this. It is individual's responsibility to take care of their actions and this is how bitcoin itself working. Beginners must work on learning on how to make profits and how to prevent losses. That will make them as a professional traders over time.

Bitcoin scam investments and scamcoins are out of subject or part of the system like losses also part of trading career need to experience to learn some knowledge for future use.

[Wind_FURY]

Trading is not just easy as you think. Its hard to predict in trading, so your money that you invest in trading is risky. So you need to be careful in buying a currency when you start trading. Before to start trading you need to watch and analyse or put a question in mind how it works to be success. You should also do research before buying and there are many buying signals for you.

Please do not discourage new comers. Unlike any other field trading has some possibilities to get profits if we are ready to show our efforts and dedications. Still I am not saying trading is a safe heaven to make profits. It requires hard work and knowledge. All the requirements of trading are easily achievable.

Practicing for free of cost is possible in trading too similar to gambling. But, we need to remember our experience so that we can make use of our knowledge at right times.  

But it is not to encourage then either. There are a lot of Bitcoins scam investments and scamcoins out there. This market is also not regulated by the SEC which makes investing in cryptocurrencies more risky than stocks or forex.

You mean to say to stay away from crypto currency trading ? Will You leave bitcoin ecosystem as it is not recognised by any government and it is not regulated ?

No but it will not be bad to be extra careful. Many frustrated "investors" have lost all their money in cryptocurrencies because the think they can be the next Warren Buffet.

Entire bitcoin system is a free market and you never would expect regulations on this. It is individual's responsibility to take care of their actions and this is how bitcoin itself working. Beginners must work on learning on how to make profits and how to prevent losses. That will make them as a professional traders over time.

Bitcoin scam investments and scamcoins are out of subject or part of the system like losses also part of trading career need to experience to learn some knowledge for future use.

Talk, talk, talk. We have heard the same people say the same. But when they lost their money they are now singing a different tune. It is better for them to shut up.

[Sled]

You should think first on where exchanger you will be trading, because there is a lot of trading site and most of them are not well because a lot of coins are there while you can use bittrex or poloniex which is popular and one of the most trusted site and after that you need to study the market or the first 5-10 altcoins and determine on which altcoin is the best to trade and for long term at the same time.

[iamaruf]

At first Read this forum carefully. Hope you will understand.In treading first rules is Buy Low sell high. And I recommend to you manual treading.because Sometimes price decease and if you sell them you will in loss. I hope you understad. If something is wrong. I am sorry for that.

[lovesybitz]

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.

1. You must start study about in bitcoin first before trading.
2. You can use Poloniex, Bittrex, C-cex, Novaexchange, Cryptopia, Bitcoinwisdom.
3. You can analyze them through checking it in the coinmarketcap.com
4. Much better to do manual
5. I think the risk was 6 only, depending in your skills knowledge.

[n0ne]

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.

1. You must start study about in bitcoin first before trading.
2. You can use Poloniex, Bittrex, C-cex, Novaexchange, Cryptopia, Bitcoinwisdom.
3. You can analyze them through checking it in the coinmarketcap.com
4. Much better to do manual
5. I think the risk was 6 only, depending in your skills knowledge.

Well described, to the one that's been quoted above I would like to add a small statement that once after you feel that you are good enough to follow these instructions start with very small amount. In a short you'll experience how we need to make changes depending on the market, further increase the amount, you'll learn all about trading in a better way.

[TheGodFather]

yes everyone has a power to become professional someday, we will improved ourselves when we already know what we are going to do. he is beginner therefore he has the right to ask question to us, its not a big problem at all. it is a blessing to help other to improved thereselves too. let us him , give him advice, on what he has needed to know.

[BTCLovingDude]

....
2. You can use Poloniex, Bittrex, C-cex, Novaexchange, Cryptopia, Bitcoinwisdom.
3. You can analyze them through checking it in the coinmarketcap.com
...

bitcoinwisdom is not an exchange platform. it is just showing some charts that it gets from these exchanges for a quick and easy view of the charts without needing to log in any of them.
and for analysis it is best to use a proper chart (either bitcoin wisdom or the exchange itself, bittrex has good charts). coinmarketcap charts are terrible.

[ice098]

First, study the forum.
Many of your questions will be answered here.

yes it can help you dear, this site might help you in all your needs and advice regarding on what do you need to do and what you are plannning for, it doesnt matter if you are a beginner or an expert what matter most is that you are interested earning bitcoins. thats it

[Restmand]

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.

0.5 bitcoin is a big amount of bitcoin for me. I think you should try the Demo first on the trading sites, you can try, learn and adapt first on the trading sites. When you already confident about your trading, you can start using your real money/bitcoin. Find many informations about altcoins, go to their ANN thread, look their updates and if all good, you can invest on that altcoins. Good luck on your trading.

he's correct, you should try to invest a little bit , because you should know how the tradings might be, you should learn all the aspects regarding on the way you want to earn. You need to lose a little bit also to think that this will never gonna happen again and you should learn how to avoid this and never happen again. You should do this buddy.

[Bunsomjelican]

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 want to be trader but suddenly you don't think correctly. How can you think that bitcoin will be 500.000 euro in 2030? Nothing gives us opportunity to think like that.
At first you need to read threads in this section and you won't have such questions.
It's better for you to start trading on demo platform, I mean trading with points, virtual money. But while you do this, it's better for you to start reading of books about trading and after that do previously said. Also remember, manual trading is absolutely better, bot is created by human that means human can make better decisions.

Yup this forum is a big library for all Bitcoins related questions, here whatever you have doubt just ask in this forum you will get all possible answers from experts in Bitcoin. Bitcoin trading is not easy work, and you have to learn a lot of things before entering this trading. Once you got basic knowledge then start small amount trading it will teach you how to do trading in the real world.

I agreed on you sir! bitcoin is like a  school which you need to start from the basic learning stage in trading. actually, doing trade was really hard to understand form the start which is very normal for a newbie. Moreover, doing trade in the exchange isn't easy, it is too risky also once you enter in the platform. You cannot go in the actual trading if your not fully knowledgeable about it, because if you insist for sure in the end you will lose only.

[dady12]

it is very clear that the so called experts in this forum don't want to help but just trying to discourage others from trading,remember that you were sometime ago a newbie to trading,you are advising the beginner to research Google and video,that is fine,the questions is why can't you give the site to read news,chart and what require for the newbie to be successful?I still appreciate some people in this forums that provide the newbie with site to check out,I still appreciate those that give the newbie the information to check on volumes of the aitcoin   as I believe giving someone clear  information like this will surely help the newbie  rather than saying trading is very risky and research without you giving him the necessary information or site to check out

[Sled]

First, study the forum.
Many of your questions will be answered here.

yes it can help you dear, this site might help you in all your needs and advice regarding on what do you need to do and what you are plannning for, it doesnt matter if you are a beginner or an expert what matter most is that you are interested earning bitcoins. thats it

Our forum will be a huge help for us in understanding a lot of things because most of the common or mainstream topics are here and most of them are already discussed by the members here so you can easily learn a lot of things especially trading. If you want to learn a lot then all you need is to have patience in exploring and because of you patience you will learn a lot of things and become an expert.

[Wind_FURY]

yes everyone has a power to become professional someday, we will improved ourselves when we already know what we are going to do. he is beginner therefore he has the right to ask question to us, its not a big problem at all. it is a blessing to help other to improved thereselves too. let us him , give him advice, on what he has needed to know.

No. Everyone cannot become a professional trader at any day. He educational background needed alone is lacking from most of the people in this forum. They do not have the math skills and they lack the IQ. You can already tell from the way they post that they are not that smart.

[yueno]

If you want to be a trader in the future i suggested you to read the lesson in babypips.com it is easy to understand the trading system than the other lesson.  And a broker in your trusted friend who is in also in forex trading. So That you have a teacher on how to buy currency and how to sell currency in forex trading.

[johnwest]

yes everyone has a power to become professional someday, we will improved ourselves when we already know what we are going to do. he is beginner therefore he has the right to ask question to us, its not a big problem at all. it is a blessing to help other to improved thereselves too. let us him , give him advice, on what he has needed to know.

No. Everyone cannot become a professional trader at any day. He educational background needed alone is lacking from most of the people in this forum. They do not have the math skills and they lack the IQ. You can already tell from the way they post that they are not that smart.

Most probably, Trading is a tricky business and everyone cannot become a trader, that too professional in a short time. getting to know about all the news going on about BTC or other altcoins and predicting about the pumps or dumps otherwise you may lose an important opportunity or may lose your investment.

[Harry Callahan]

yes everyone has a power to become professional someday, we will improved ourselves when we already know what we are going to do. he is beginner therefore he has the right to ask question to us, its not a big problem at all. it is a blessing to help other to improved thereselves too. let us him , give him advice, on what he has needed to know.

No. Everyone cannot become a professional trader at any day. He educational background needed alone is lacking from most of the people in this forum. They do not have the math skills and they lack the IQ. You can already tell from the way they post that they are not that smart.

Lets give them the benefit of doubt,even a skilled stock trader could find crypto trading confusing as there are many coins floating around and many exchanges without any regulation and from different parts of the world and so these things could confuse any beginner,The site i am using to look at various coins is coinmarketcap in it you could find everything you are looking for,from different exchanges to the coins in existence.