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Author Topic: Practice trading  (Read 9474 times)
Aizhen05
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October 06, 2017, 12:17:21 PM
 #201

You can start with searching the basics in trading such as different strategies, the one strategy or the basic strategy in trading is the "BUY LOW AND SELL HIGH" which is you're going to buy a low price coin and wait for it to increase its value.

Second if you already read the basics and you want to apply it into real trading you can try these trading simulation sites.
https://coinmarketgame.com/
https://currencytycoon.com/

there are many trading simulations out there you can search by yourself.

and if you really want to try in real trading site you can invest a low amount of bitcoin and try to experience and familiarize things.

here are some of the most known and most trusted site.
https://www.poloniex.com/
https://www.bittrex.com/

your information that you've post really help me too I want to try that I am to shy here in forum to ask some question regarding on how I can start but when I read this I think it will truly help with. thank you.
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albert11
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October 06, 2017, 04:31:02 PM
 #202

Because you are just a beginner in bitcoins do not first enter into trading. Because the whales are sure to swallow the money you invest in here. Take a bitcoins first because this will guide you to open the other things you need to know. Because if you skip to the study of bitcoins I'm sure you do not understand Trading

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palle11
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October 06, 2017, 09:22:12 PM
 #203

If you have not been into trading, I suggest you do some demo trading before you go in proper. Even if you go into it proper, you don't have to invest much for a start. Demo trade will help, you can do that on forex trade if you  can't get demo on bitcoin. Alpari  platform is ok for forex trading .
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October 06, 2017, 09:55:06 PM
 #204

You can start with searching the basics in trading such as different strategies, the one strategy or the basic strategy in trading is the "BUY LOW AND SELL HIGH" which is you're going to buy a low price coin and wait for it to increase its value.

Second if you already read the basics and you want to apply it into real trading you can try these trading simulation sites.
https://coinmarketgame.com/
https://currencytycoon.com/

there are many trading simulations out there you can search by yourself.

and if you really want to try in real trading site you can invest a low amount of bitcoin and try to experience and familiarize things.

here are some of the most known and most trusted site.
https://www.poloniex.com/
https://www.bittrex.com/

your information that you've post really help me too I want to try that I am to shy here in forum to ask some question regarding on how I can start but when I read this I think it will truly help with. thank you.
Why are you shy? This is a forum and anyone do really have the right or freedom to create their own thread and do ask things just be sure to post relevant topic or queries on a specific board.
You can actually have lots of valuable informations inside on this forum if you do have questions on mind just type up on search button for sure you would find answers that you do seek since this forum has it all.For op,speaking of practice trading all informations and tools are already on internet.

Nerman
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October 07, 2017, 01:17:11 AM
 #205

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

If you just want to practice trade there are a lot of platform that offers dummy account. Just google a practice trading app. But before you practice trade you should also know the basics of trading. In youtube there are tons of tutorial videos that are very educational. I first started on youtube and after that I attended some seminars and webinars that are for free. Once you get the hang of it then open a live account but be careful the stress in practice trading and live trading are very much different. Good luck.
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October 07, 2017, 01:59:59 AM
 #206

Hello i am a student and newbie.I think of trading as the most difficult thing amongst all other things in the world of business.it is very much needed to practice how to trade bitcoin in market.I also experience hard times deciding what to do at first when I started trading.
ThunderCatSteve
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October 07, 2017, 06:03:25 PM
 #207

Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
i am also a newbie but i have some experiance about trading.first you need learn about trading.then you need research about crypto which you want to buy.
Learning the basics of trading is one thing, having some little strategies to trade with is also one thing, but practicing is another thing. Even after learning, it is good to have just a little bit of funds in the platform you want to use, try your hands on some of the thing you have learnt and see how you would have fair if you go in big.

No need to always rush, even if you need weeks or a month, make sure you perfect to a point that you can have little confidence that yes, you can do your best with more funds.
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October 07, 2017, 11:36:19 PM
 #208

Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
i am also a newbie but i have some experiance about trading.first you need learn about trading.then you need research about crypto which you want to buy.
You still need to learn so many thing in the world of trading. Being newbie, the first thing you need to learn is how to remain patient under the circumstances when things are little tensed. Moreover, more learning can help you in making better decisions. Keep on learning the things which you don’t know. Moreover, keep on learning from your past mistakes as well.
JohnBitCo
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October 08, 2017, 05:33:53 PM
 #209

There is no place for you can practice trade although you can't start with very little money. That is the place where most people start. You understand that if you're starting for just a couple of thousand satoshi , did your only gambling $0.50 ?
pkb007
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October 08, 2017, 06:35:29 PM
 #210

Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
There have no practice trading site/option. So if you start trading you can start little bit trading to buying some coin. But first of all you earn primary knowledge about trading and all time follow the marketplace, ANN thread of the coin. Follow coin own website and control you emotion when coin prize up and down. It is my opinion and thinking.
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October 08, 2017, 07:15:11 PM
 #211

What i do when i trading and most important thing, is to stay calm. If you invest on a coin and EVERYTHING is crashing, including the coin you invested on, just wait, is not just one coin that's crashing, is the entire market. You gotta be patience in general, right noe the market is bleeding!  Tongue So, just stay relaxed hehe Grin
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October 08, 2017, 07:40:34 PM
 #212

Because you are just a beginner in bitcoins do not first enter into trading. Because the whales are sure to swallow the money you invest in here. Take a bitcoins first because this will guide you to open the other things you need to know. Because if you skip to the study of bitcoins I'm sure you do not understand Trading
To become a good trader, it is too much important to have good study about trading, you also must have good experience about trading, because without good experience you cannot become a perfect trader, If you are a new trader, the you need to spend some time without investing money, because there are more chances that your will lose money if you do not have any experience in trading and still you are trading with huge amount.
okala
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October 08, 2017, 08:27:49 PM
 #213

Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
As a newbie you should not just jump into trading based on the speculation and statements made around the internet about bitcoin and alternative coins but try to practice on how the market work and then develop Your Own trading strategy and investments plans. If you are not already into trading maybe stocks or forex then you will need to learn how to study chart and charting information. Trading is a game play by professionals and as a newbie you will need to develop your skills and knowledge about it in other to play it well.
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October 08, 2017, 08:40:29 PM
 #214

Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
As a newbie you should not just jump into trading based on the speculation and statements made around the internet about bitcoin and alternative coins but try to practice on how the market work and then develop Your Own trading strategy and investments plans. If you are not already into trading maybe stocks or forex then you will need to learn how to study chart and charting information. Trading is a game play by professionals and as a newbie you will need to develop your skills and knowledge about it in other to play it well.
That would be a good generalization and realization. When I started trading I had a lot of mistakes and lost a pretty substantial amount of money based on my starting investment. So, I would tend to agree with this. I just dived into it, which was really wrong. The best plan of attack would have been to study the market first and see the trends of cryptocurrency trading. But that wasn't the case for me so, I had to learn the hard way. I guess the learning curve with cryptocurrency trading is pretty steep, something we should all be careful of.
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October 08, 2017, 09:05:22 PM
 #215

You need to read up basics of trading and understand how to bid and sell orders. Internet can give you that for free, babypips and investopedia. Join groups on telegram,  what ever you do stay away from pump and dump groups. Use what ever amount you can risk with to start and take it slow.
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October 08, 2017, 09:23:03 PM
 #216

If you cant read orderbook dont waste your time and money withtrading.Just do whatever you know good and experience related subjects.
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October 08, 2017, 10:25:46 PM
 #217

If you cant read orderbook dont waste your time and money withtrading.Just do whatever you know good and experience related subjects.
It is good to learn it on your own skin but, i suppose it is better if you learn from the mistakes of others. This way you don't reinvent the wheel. welcome among us and good luck in market trade.
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October 08, 2017, 11:01:21 PM
 #218

If you cant read orderbook dont waste your time and money withtrading.Just do whatever you know good and experience related subjects.
It is good to learn it on your own skin but, i suppose it is better if you learn from the mistakes of others. This way you don't reinvent the wheel. welcome among us and good luck in market trade.

Trading isn't easy as it looks like, or as some people presented it here. I learned about trading on my own mistakes, and with following couple trading groups. I think trading must be learned on with practice, you can read a lot, follow others but in the end you are the one who place order and choose how much money you are willing to risk to make some profit.
Its hard to predict market, but depends do you trade with bitcoins and dollars or other bitcoins and alts you need to have separate plans. Bitcoin is again on 4600 dollars, and who ever bought bitcoin and waited enough earned money, bitcoin market is bullish and it will rise constantly. Some alts are also bullish in past year, so you take conclusions and make your plans for trading before you enter.

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KesoNie
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October 08, 2017, 11:01:35 PM
 #219

If you cant read orderbook dont waste your time and money withtrading.Just do whatever you know good and experience related subjects.
It is good to learn it on your own skin but, i suppose it is better if you learn from the mistakes of others. This way you don't reinvent the wheel. welcome among us and good luck in market trade.
Actually practice trading on your own is much better, getting learned on your own is very effectively because you doing it on your own and you really wanted to learned to do it. But of course you also needed some piece of advice of others, their mistakes especially in trading, their experience that reached them most. Seeking knowledge by others experienced could also be very helpful.
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October 08, 2017, 11:16:20 PM
 #220

If you cant read orderbook dont waste your time and money withtrading.Just do whatever you know good and experience related subjects.
It is good to learn it on your own skin but, i suppose it is better if you learn from the mistakes of others. This way you don't reinvent the wheel. welcome among us and good luck in market trade.

In my whole experienced in trading I learned a lot in my own mistakes actually. But I consider some of others advices, I read and understand more stories and considered their past experienced in trading but I learned very well on my own. Heard once the quote "your experience is your best teacher", then it'll proven by me. I think some of us here also proved this quote by their own experienced too. So in our new practice trader, be a kin observer, adopt some ideas, and dont be afraid to risk on your own because in that case you will be learn a lot.
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