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Author Topic: trading guide for newbie  (Read 1974 times)
mwsind (OP)
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November 07, 2017, 02:53:21 PM
 #1

i am new to cryptocurrencies trading is new for me. how can trade ?
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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mk4
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November 07, 2017, 03:10:29 PM
 #2

1. Buy some bitcoin (best site to buy depends on your country, preferrably go with localbitcoins)
2. Deposit some bitcoin on your preferred exchange's wallet (Bittrex, Bitfinex, Binance)
3. Choose the coin you want to trade: (e.g. BTC/ETH, BTC/LTC, BTC/BCH, etc)
4. Trade away

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risatrakib
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November 07, 2017, 03:54:03 PM
 #3

First welcome to crypto trade .
Try to know more about trading first . Youtube and Google are the best friend for you . You will know everything that you wanted to know about bitcoin in google . And if you can find a expert trader then you can learn trading very fast
 

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November 07, 2017, 04:06:08 PM
 #4

i am new to cryptocurrencies trading is new for me. how can trade ?
A simple introduction first, bitcoin and altcoins can be traded in exchanges. You can buy bitcoin with your native currency in local bitcoins. Start trading bitcoin with ethereum or litecoin if you are not willing to risk much. Don't be scared of price fluctuations, and the current state of markets is that of the bullish one and there are various reasons for it. Be updated with the latest news and rumors that have a huge possibility of influencing the price.
Here are some links :-
Exchanges :- www.bittrex.com (the one I usually use and recommend as it is user friendly)
Local bitcoins:- www.localbitcoins.com
News:- www.coindesk.com / www.cointelegraph.com



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ukboss
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November 07, 2017, 04:31:06 PM
 #5

If you want to be a best trader in this world you must watch and recharge candle. I'm show you a best trading tips in a site that is a babypips . If you want to a best trader you must check babypips site . you can found here more tips for your skill development.
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November 07, 2017, 07:50:04 PM
 #6

There is no magic guide in trading. You should learn technical analysis and especially be patient. Try to buy some bitcoins for long term investment. And try to follow some altcoins.
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November 07, 2017, 08:34:59 PM
 #7

When I started negotiating with cryptos the first thing I learned was to ignore the tempting offers that are false. Stay away from what seems "too good to be true". I assure you, you will avoid many headaches.
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November 07, 2017, 10:52:48 PM
 #8

It is difficult, if you are a newbie you should try to introduce yourself a little bit more into the crypto world, try to spend some money on buying guides, and then download a good script for making your own analysis based on your own indicators about the prices of X coin. It would be difficult at the beggining, but i am sure that once that you acostumbrate to it, you will realize that it is very easy and everybody can do it to start earning some easy money.
And for buying the bitcoins, try to use localmoney, it is the most safest way to buy, because it is a p2p platform.

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AngelInvest
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November 07, 2017, 11:53:41 PM
 #9

The advice that I would give is to be ruthlessly consistent. Research and devise a strategy. It doesn't really matter what that strategy is - more that you learn to follow it - and stay with set (small) amounts. Do not trade with more and more if you have early success. Then you can see if you have the mental discipline and patience to become a good trader.
Of course, the goal is always to cut your losses and run with your profits so choose a strategy that has a chance of allowing that.
Good luck and be careful - it's not easy and there are no shortcuts.
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November 07, 2017, 11:58:11 PM
 #10

You must invest a little to learn trading. Invest atleast. 005btc. I guess the minimum trading must be atleast. 0005btc. Make a target of growing this into double within your set timeframe. Once you are confident and earning thru trading, you may start trading with larger account.


i am new to cryptocurrencies trading is new for me. how can trade ?
coinsontheroad
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November 08, 2017, 12:23:18 AM
 #11

I found this thread this morning and am finding it incredibly useful!

https://bitcointalk.org/index.php?topic=2223191.0

Jack353
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November 08, 2017, 12:55:33 AM
 #12

I will list the steps to begin trading very simply, but you should know that you will almost definitely lose A LOT of money if you begin unprepared. I recommend that you take a few week (probably months) an learn about how trading works as well as learn different analysis strategies.

Anyway,

Step 1: Buy Bitcoin. I recommend that you use a service like CoinBase because it is very easy to use, but if you want a lower rate or if you wish to purchase a lot then I recommend that you gdax (its part of CoinBase, but more geared toward experienced users).

Step 2: Transfer the Bitcoin into an exchange of your choice. I recommend that you use Bittrex because they do not have many problems and their interface is very easy to use (it is beginner friendly).

Step 3: Trade! It is that easy!

Good luck and make sure that you are prepared!  Tongue
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November 08, 2017, 01:26:20 AM
 #13

i am new to cryptocurrencies trading is new for me. how can trade ?

Most of the member have already replied to you so what I can give you is just a piece of advise. When I started as a newbie in cryptocurrency trading, I was at lost as well. But I never give up but instead try to be positive in every way eventhough I have lost in the beginning. But just continue and don't lose focus and I'm sure that we will find trading exciting specially if you are seeing profits in your end. Goodluck in your career as a trader. And one more thing, don't be afraid to try and experiment as well, there are no secrets in trading and not every trading methods works for everyone. So try to do little tweaks every now and then and see how it fits your trading style.

R


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richminded
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November 08, 2017, 04:32:53 AM
 #14

i am new to cryptocurrencies trading is new for me. how can trade ?

A lot of resources that you can use to learn how to trade and to fully understand the concept of trading, since you are here in forum I'm pretty sure that many people will help you and also a lot of useful threads here about trading. For me don't just focus on trading instead learn how to hold more bitcoin because this will make money for you in the long run.
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November 09, 2017, 04:30:02 AM
 #15

First, find a good exchange: Bittrex, Poloniex
Second, find 2-4 altcoin you love: NEO,ETH,ETC..
Third, place buy order with low price that you think that worth, dont chase coin price
Final: waiting.

samurai_ico
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November 09, 2017, 04:33:58 AM
 #16

First welcome to crypto trade .
Try to know more about trading first . Youtube and Google are the best friend for you . You will know everything that you wanted to know about bitcoin in google . And if you can find a expert trader then you can learn trading very fast
 

Hi, do you have any recommended Youtube channels or Youtuber to follow? That would be really great.
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November 09, 2017, 04:42:19 AM
 #17

Many ways can be done,
you can just jump in there

I would advise some preparation:
Learn it specss;
Check its price movement;
Learn TA
Aming amirudin
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November 09, 2017, 07:13:20 AM
 #18

I am new in the world of trading the first step what should I do to start it ..
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November 09, 2017, 01:20:46 PM
 #19


I'm still a newbie .. I will do trading.bagaimana to be able to trade well
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November 09, 2017, 02:15:36 PM
 #20

Hi im a newbie. But reading back to the comments (q&a) i think i will be learn in a short time. Thank you for the inputs i will do your advices to make me grow in this world of bitcoin.
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