How does Trading works?

[macchiato]

Can someone please elaborate to me how trading works? I'm a newbie here so I guess I still need a little headstart. Thank you for answering.

[Cactushrt]

What trading are you referring to? Bitcoin trading or altcoin trading? Be specific for us to answer your questions. You can try also reading other topics here.

[GeovanaMoscow12]

bitcoin trader or altcoins?

[pooya87]

Can someone please elaborate to me how trading works? I'm a newbie here so I guess I still need a little headstart. Thank you for answering.

it is such a broad question! which part of trading don't you understand?

trading is when you buy something at some price then you sell it to someone else at a higher price. then from the difference you make profit.
it can be buying winter cloths now and selling them in 4 months when winter is here at higher price and make profit.
it can be buying stocks on the market and when the company grew bigger, sell your stocks for higher price
or it can be buying currencies against each other (bitcoin versus USD) and when they go up in price sell for profit.

for the last 2 you sign up on an exchange or use a broker. in bitcoin people always use an exchange.

[mk4]

Trading in general is simply just buying a certain cryptocurrency low and selling them at a certain price depending on how much profit your goal is.

Probably read this to get a better, more broad idea: https://www.coinstaker.com/cryptocurrency-trading/

[Ctn]

Very general question but the trading is easy stuff when you do it in the long run. In the world of crypto currency the day trading is most famous. In this you will have opportunities to invest money into different altcoins and trade them against the bitcoin pair. First of all learn what an exchanger is where you will be spending most of the time doing your day trades. Then learn what is most pumped coin and what is most dumped coin. Then learn to read the graphs and historical data from which you will predict the ultimate fate of coins in the long run. Visit the trading discussion section often to know which coin is about to explode and an opportunity for you to grab the profits with its investment.


This might look very easy but these are just headings of storyline and the real story is big which you have to learn by all yourself. Slowly and steady. :-)

[PinkB]

Can someone please elaborate to me how trading works? I'm a newbie here so I guess I still need a little headstart. Thank you for answering.

Trade mean buy with low rate and sell when its high.suppose you bought 50 waves at .0010BTC rate per coin and you need to wait for a pump, suppose after your buying now the waves coin price is .0012btc so you can sell now all of your coin and take profit from them.its the simple trick for crypto trade.
I just try to understand what i know about trade or what i followed.

[Peterson60]

Trading works that in the moment when you think that the price is low you buy (so for example Bitcoin). And when you think the price is high - you sell. That's pretty much the main basic of trading

[AlienSeeker]

Garl, trading is when you are buying in a low price and sell it when the price goes high. It is like buying a stock in a stock market. Don't be confused to what trading is. You can just search for more informations if you are not yet satisfied to the replies you got.

[websoftwareengineer]

Can someone please elaborate to me how trading works? I'm a newbie here so I guess I still need a little headstart. Thank you for answering.

Trading needs capital to start and the profit you will gain will be depending on how much your going to spend to your capital. So if you really want to join trading then you need to use your salary. I suggest you just join signature campaigns so you can have a good head start.

[aardvark15]

Can someone please elaborate to me how trading works? I'm a newbie here so I guess I still need a little headstart. Thank you for answering.

It's a lot like trading in the stock market. Most cryptocurrency exchanges allow immediate trades which is very similar to typical day trading sites like Ameritrade , Etrade, etc.

These exchanges are risky though because they are not necessarily like an established business. They could be based anywhere in the world and they could get hacked and lose you money or they could be fraudulent and steal your money with almost no chance of getting it back.

The good exchanges have platforms that are easy to trade on and allow trades with fiat currencies and various altcoins and Bitcoin. You just transfer Bitcoins to the exchange that you choose and place sell and buy orders just like you would with stocks in the stock market.

[kevoh]

Trading in crypto currency is pretty basic, buy when there the value is low a.k.a dumping and sell as soon as you make profit. There are also day trading where you buy and sell for profit same day, medium term trading where you buy and sell within a few weeks and/or few months and finally long term trading where you hodl your coins for long-term and sell for profit after wards. You will aslo be needing exchanges to carry out your trading orders.

[pkdas]

First of all,you have to constantly research on  the markets..And one more thing is,patience..Whatever coin you buy,you have to wait for it's best price..And then sell the coin...

[bitbunnny]

Trading is basicly functioning on simple principles, buy low and sell high. But in practice that isn't that easy and there are different forms of trading and therefor different rules. So you should explore first and learn some basic theory and principles. Trading is not easy job and it takes time and experience to become successful and make profit.

[richkellj]

Can someone please elaborate to me how trading works? I'm a newbie here so I guess I still need a little headstart. Thank you for answering.

Trading usually works on the simple phenomena i.e. buy low sell high with little bit of fortune. A trader start investing in bit coins when their prices are low and trade them off during the dump period of bit coin in market i.e. rise in the price of bit coins. This might be a little helpful for you for understanding how trading works.

[noormcs5]

Before it you did it? I mean have you experience of trading? I think you wanna start trading, then firstly you decide which coin you want to buy, the best forever is bitcoin, and it is easy to deal with bitcoin as a trading, then you know in bitcoin how to work, within week bitcoin price is down then it is right time to buy the bitcoin in this time, and try to buy some satoshi as you could afford it easily then hold for some time, even in the next month you can sell your satoshi in a profitable price. So it is bitcoin trading.

[Yuhee]

I think the basic concept in either here or IRL is like buying something in low price then sell it to someone you know who would need it more at a much higher price. Then you get profit after you sold it. This idea would be the same in crypto trading. But the catch is that you have to know what you are buying and who your are selling and at how much was the cost then compared to now.

[sasaki111]

Trading is work as buying at bottom and selling at top . That is the basic thing about trading, beside if you want to trade you need more skills and mostly is luck.

[gabmen]

Can someone please elaborate to me how trading works? I'm a newbie here so I guess I still need a little headstart. Thank you for answering.

Trading in btc and trading in alts are a bit different from each other but in essence they're the same. With your capital, you select a trusted coin you're going to invest on, study the previous movements, wait for a good time to buy, preferably when the price is down like what's going on with bitcoin right now, and sell when you're in profit.

[TheGodFather]

Can someone please elaborate to me how trading works? I'm a newbie here so I guess I still need a little headstart. Thank you for answering.

trading works when you deposit some money in some exchanger, you will be the one who decide to choose on which you need to deposit, so the thing is you need to research for it first so that you will not be regret everything if the coin that you will invest for doesnt grow, so take advice by someone also and read some articles and even some topic here in this forum so that it will helps you.