How to start trading alt coins? Beginner Tips!

[smsupto]

It is very helpful topic. Thanks sir. I hope we will get also helpful topic from you.

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[aquapanic]

From options trading - be mechanical! If your trading strategy that you (hopefully) wrote down first says to take an action - TAKE THE ACTION. Analyze later whether or not that was a good strategy/move and if there was an adjustment that would've turned out better. Think about the potential risks of incorporating that actions or adjustment into your strategy, then test. Keep a log and write results.

[Krakatoa87]

Thank you for all your tips and advice! It's a very helpfull thread!
I will keep reading it until it's all printed in my head before actually starting to trade! ^^

[VectorExchange]

Number one tip: Due Diligence

[Misshi]

Agree with your list of tips from us, beginners. My very tip from a beginner is START SMALL. Even if you've search well enough or you have experienced in other trading, crypto world trading is very volatile. Markets rise and fall in minutes some in seconds. Small means different things to different people. As a good rule, "Never invest what you can't afford to lose".  If you do this and have an attitude that you can win sometimes you lose, you will almost always have a pleasant trading experience.

[Simss]

I think your step in trading well, I like your way. thanks for the step and i will try it But if I can ask, how to distinguish the real and fake ICO?

[tk808]

I think your step in trading well, I like your way. thanks for the step and i will try it But if I can ask, how to distinguish the real and fake ICO?

It's difficult for newcommers, and there is no-sure method. The safest bet with ICO's is to check every bit of credibility of the devs, bitcointalk accounts, the information they post, any previous coins they worked on and etc...

Ask tough questions to the devs, don't just throw your money at them because you see a bandwagon of potentially fake account going there way, throwing btc at them

[VTS]

I think your step in trading well, I like your way. thanks for the step and i will try it But if I can ask, how to distinguish the real and fake ICO?

I made a thread about starting an ico with some tips from community members here https://bitcointalk.org/index.php?topic=2131560.msg21629882#msg21629882

This tips can be used as a guide to investigate an ico as well, but you will never be 100% sure if something is scam or not as in most cases the scam gets revealed soon after the ico is held or even 1 year after. Of course there are scam projects that a smart brain can detect instantly after checking the ANN thread, but this is not the rule...

There is also the problem that some projects needs pre-funding to deliver MVP and collect marketing budget. This projects can be seen as risky, but again it depends on the idea, the team and the strategy. I wouldn't generalize never, rather look individually in the project.

If you found a ico that does not full fill all requirements at start, but the idea, team and strategy is proper for you, JUST INVEST SMALLER AMOUNTS! Invest something from your risk budget 0.5, 0.1, 0.01 if you really like it and think it has future, start small.... Its hard to say in today's time what ico will be scam or not ...

[Anita1873]

i am also a newbie and want to start trading of altcoins, how to start it and which is the best exchange to trade altcoins. Can you give some suggestion that which is the best coin to buy for long term.

[VTS]

10. I recommend starting with Bittrex

I cannot recommend Bittrex anymore because they need to verify your IDENTITY in order to let you withdraw BTC and alt coins.

[VTS]

From options trading - be mechanical! If your trading strategy that you (hopefully) wrote down first says to take an action - TAKE THE ACTION. Analyze later whether or not that was a good strategy/move and if there was an adjustment that would've turned out better. Think about the potential risks of incorporating that actions or adjustment into your strategy, then test. Keep a log and write results.

Analyses are major important and keep your emotions out of trade! So I agree to be analytical and permanently adjust your strategy based on the collected data, BUT stick to the "main points" of your strategy.

[Temmy007]

Technical  analysis skill is needable,  it helps you to keep your emotion in check,  learn not to FOMO in a trade.  Very important learn patience

[MaryleeLMacneil]

I totally agree with your opinion
Thank you for your insightful comments these will help newbies like me a lot.

[romecheo]

too bad for me, if I could found this tips before i enter the door of Trading, i won't loss to much. everything was charged to experienced.

Yet, i hasn't lost hope, i made a bad choice/decisions on tradings, that I almost hit my head into wall.

Nothing i can do about my previous mistakes, but to change my strategies on my on going venture with trading.

[axiline]

Thank you. These are very good tips. It's a pity that I met them so late. I had to check everything on a joint experience.

[VTS]

I totally agree with your opinion
Thank you for your insightful comments these will help newbies like me a lot.

Thank you for you kind words! I hope that the one or other tip will help you!

[zidorov]

For me it's crucial to study project thoroughly before investing.

The main problem is that it is very time-consuming and you most liked don't have competencies to assess all aspects of the project.

Though there is a platform which is being developed that will help solve this problem.
See Dolphin blockchain intelligence

[SIHIN]

Buy when the price is low and sell when the price is high. For trading search for n the movement of quick sale or buy a good coin and potential.

[Sidas_Crew669]

Nice suggestions there good job! What i want to add is to find someone who can help you in your adaptation procces. It would be better if you are luck enough to have a friend who is trading for a while. After you get used to this market you should start making analyses you own . Go and read, study for hours if you have to because investing on a high potential coin or ICO can be curicial. So don't be lazy and start to study ASAP.

Exactly, the main requirement for trading is analysis. Because when you trade in the absence of data that may be, your guide to make a decision is not there is definitely something that you will do is something wrong or does not fit the existing path (origin only do). Because with the existence of this then we you get a very valuable experience to something that is in it, only that it takes time so if you keep trying it is definitely your profit quickly obtained.

[red4slash]

If you want to start trading try to read the official article updates a coin widely available diweb or other social media. A little story about trig coins I read an article that the coin was going to burn on the 15th and a few weeks ago I bought it cheaply and yesterday I sold it at a price that can be spelled out fantastic and get many profit. But not everything is true depending on the market conditions are adequate. The most important thing is to try to learn the coin analysis you want to trade sir.
Maybe it's a little science that I give may be useful for everyone