Practice trading

[Lansky]

1. You need to develop strategy
2. You have to safely check this strategy.
For this you need some back-tester either developed by you or bought/taken somewhere
The other thing is data. You have to feed your back-tester with historical data to asses if the strategy above is successful.
If not - redevelop strategy till it satisfies you.
3. Even if you have your working method of trading, it's better to be careful, when trading in real market.
It's full of unpredictable movements, so keep caution.

You may also refuse volatile speculation (known as trading) and become an investor.
It's safer, requires less efforts and which is more important less nerves, but that doesn't mean, that it's easier.
For this you should learn coins you want to keep, split your investments (Don't keep all your investments in one direction /coin)
and go on. Practice makes perfect.   

[1714002718]

1714002718

[Zrs]

Do you have primary idea about crypto trade? however, you can try this https://demo.hitbtc.com/exchange/LTC-to-BTC there you would found demo trade option.you dont need to invest or deposit USD/BTC/ALT coin for this. just openvisit there and start demo trade,you dont need open an account.best of luck man.

[nidacoinlove]

1. You need to develop strategy
2. You have to safely check this strategy.
For this you need some back-tester either developed by you or bought/taken somewhere
The other thing is data. You have to feed your back-tester with historical data to asses if the strategy above is successful.
If not - redevelop strategy till it satisfies you.
3. Even if you have your working method of trading, it's better to be careful, when trading in real market.
It's full of unpredictable movements, so keep caution.

You may also refuse volatile speculation (known as trading) and become an investor.
It's safer, requires less efforts and which is more important less nerves, but that doesn't mean, that it's easier.
For this you should learn coins you want to keep, split your investments (Don't keep all your investments in one direction /coin)
and go on. Practice makes perfect.   

This is one of the best ideas but I would like to add something more so that it helps you in trading. My first and foremost advice to every newcomer to trading is that don't take trading too light, it is a tough job and it needs a full-time dedication. Before going practically to trading study about those currencies which you want to invest in and secondly don't invest huge amount in the beginning, start with a little amount and randomly increase your investment if you think you.are good in trading.

[zekeshawn]

Best way is to read and understand what is trading since this is a serious kind of thing. Then if you know what are the basic then you can start practicing by using little amount of money and do not expect to be successful right away because there will be plenty of ups and downs in trading. The secret is just keep on practicing and of course read and research about trading and the rest will follow.

[naughty1]

First, you should learn about how the market works, try to get to know someone who is experienced in trading. He will give you the knowledge and experience, then, start trading on the demo. This will make you safer. Finally, when you are confident about your abilities, start trading according to your abilities.

[trecore4]

Learn from mistakes of people who are posting in the forum. They have explained how they went into bad trading and how they are trying to achieve their goals. This is really important to know what they did because its more than enough to understand how trading works. There will be thousands of books and articles explaining you how to deal with trades but most efficient and shortest way is to learn mistakes. Hope that will make you great trader one day.

[nicolas1979]

Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?

Read some books about trading, join some trade group and find a mentor. Do it step by step, keep calm and patience. Design trading strategy and try with account demo, fix mistakes and never do that again. Repeat that until you find the best strategy for you and do that with real market. Before that you must understand the risk and deal with it. Trading needs hard work and time, don't forget that. Good luck.

[PokerFace3]

First, you should learn about how the market works, try to get to know someone who is experienced in trading. He will give you the knowledge and experience, then, start trading on the demo. This will make you safer. Finally, when you are confident about your abilities, start trading according to your abilities.

Having an experience a trader as a mentor would be really nice, I know a few of my friends who are into trading for years but unfortunately they do not have enough time to guide me. I guess this is the situation for most of the traders hence we need to pay lot of fees to hire a professional trader so that they can dedicate some for our improvements.

I guess as we are having various video tutorials, we can make use of them as virtual mentors.

[The Sceptical Chymist]

You could seriously start trading with a couple dollars,  which is exactly what I would recommend that you do.  Or you could do what people have done since the beginning of the stock market,  which is to just trade on paper--no money involved.  That way you could see how you would have done had you risked some money.

I would also advise not to start trading until you're calm and ready to lose everything you put in, because that's precisely what could happen.   These altcoins can break your bank within a matter of minutes.   Definitely get a feel for the market before you jump in, else you'll be back here crying about your losses before you know it.

[ldah94]

Also I am new in the field of trading and what I do is read, know the currencies with the I want to invest and know which is the best time to buy and sell. The best exchange I can recommend is bittrex.
Pd: Start with little money because it is a very volatile market and so you win is also lost.

[Bianxee]

Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?

The only solution in your problem is action , Taking action to do some researching around the internet and watching some trading guidelines in the youtube channel or any kind of sources in trading with the help of the internet, No one can help you if youu don't make a start in your ownself.

[xuan87]

This few weeks is not a good time to start trading because a lot of traders now is holding back to observe the situation because of BTC forking, but when the situation already stable, I suggest who want to start trading start with a small amount and trade the coin that already famous like top ten coin in coinmarketcap and then you need to learn what is causing the price to go up and go down, when you gained more experience you will be able to make more profit

[fanbeila]

Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?

First you should read websites which gives details about crypto currencies and should know which coins are the older and newer coins.Then you should read the ANN thread of coin of your interest and find who are its investors,its market cap,road map and by this way,you will be able to trace the most under valued coin.Then try to learn how to read various price charts given in exchanges so that you would be able to know the previous price movements of that coin.Then start trading by investing a very low amount of even 0.01 btc and buy an altcoin and start trading.Fix your own profit range of 5 or 10 %so that you could trade safely.Don't ever panic.Don't ever follow the market blindly.After gaining prior experience,continue trading with a big amount.

[omonuyak]

There are many free material and tutorials on this online you can just Google. https://reddit.com/r/bitcoin is also a best place for you to have some news information on fundamental issue affecting coins price. Another such of learning place for you is exchangers trading platform such as https://poloniex.com https://c-cex.com etc. Trading is easy if you can spend time practising before investing your real money.

[Samueltalk]

Actually to make trading very easy, that is when the cheap price to buy when the price began to rise. But it is certainly not enough, you must be good at analyzing the coin you will trade, you can analyze through chandelstick market.

[weblouartisan]

Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?

First thing to do is research about coins. Not just bitcoins, there's alot of coins with different value's. That's the first thing to know. Second is look for the best wallet that can hold your bitcoins, you can also research about that. Next thing is look for a way to earn bitcoins consistently. The easiest way is through joining campaigns so you can earn much. My suggestion is do not spend all your coins in trading, spend only your excess coins. Because your just starting and there's of alot analyzation before you can do it correctly.

[Zrs]

There are many free material and tutorials on this online you can just Google. https://reddit.com/r/bitcoin is also a best place for you to have some news information on fundamental issue affecting coins price. Another such of learning place for you is exchangers trading platform such as https://poloniex.com https://c-cex.com etc. Trading is easy if you can spend time practising before investing your real money.

Agreed with you.
Actually Google is the best place for learning anything.You can easily withing 30 second get thousand of news or article at once.First try to know trade, then make free practice(in my previous post i gave you a link).after that id you feel that your are now fine for trade then deposit BTC and start trade.remember, for trade you need patients, without patients you can earn profit.

[Zrs]

Actually to make trading very easy, that is when the cheap price to buy when the price began to rise. But it is certainly not enough, you must be good at analyzing the coin you will trade, you can analyze through chandelstick market.

Agree with you.before buy a coin you need to do a lot of research about the coin. dont believe anyone,because all of people want to pump their coin.just study about the coin, then buy coin that is good and has real life uses.never buy any shit coin that has no future.

[bitcub]

Hi, there are some trading sites that offers demo trading. So you could practice trading against the true crypto currencies economic prices. Or you could trade for as low as 0.0005. I think this is the minimum for some trading sites.

Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?

[Mr. Regi]

If you are a total newb in trading, your first concern should be learning the basics.
For that you shloud read books about the subject, some videos on youtube are also very interesting.
Trading is something you do by analysing and thinking for yourself, but it doesn't mean you can't have some sort of guide and can't join a community.
To have that can help you greatly.
Also never forget that trading is 20% knowledge and skills, and 80% personnality, your mental and wisdom.
Getting to understand charts and being good at paper trade is just the beginning. People tend to neglect themselves when trading.