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dx_twisted
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January 21, 2018, 05:13:20 PM |
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To those newbie who is willing and ready enough to face the consequences of trading just to experience the method is just fine. Why? Because just like the other newbie, I always wanted to learn new things by means of experiencing it. As the matter of fact, the experience will make someone wiser in doing things that she/he always wanted. Just an advice from me, don't turn all your fiat into digital coins because there will be a time that you will need a paper money in an emergency case. Keep on reading, fighting.
Everyone is welcome to do trading, but for that we need to consider a lot of things, as a beginner we should start by choosing a good coin with a good reputation, start to trade a prominent coins just like btc and eth, but don't just stick with it as it will change in the future, also it is important to know how to do trading by analyzing the reputation of exchange. Trading is open for everyone, young or old, beginner or professional, rich or poor, it doesn't choose its investors. However, the result will be different if you are inexperience, without proper knowledge of what you are exactly doing. All traders will take the same path but might end up either success or fail. In order to properly analyze the market, lots of research must be done. Same sith exchange sites, you have to see who has the smallest fee, a site which you can feel comfortable and friendly. Most important is the one which has a tight security but won't be hassle for your trading purposes. |
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starsnshamrocks
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January 21, 2018, 05:33:04 PM |
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The beautiful thing about the markets is you can trade with tiny amounts. So as Newbie make sure to trade with amounts which you can afford to lose and expect to lose and not always win. Gain experience and next you can trade with bigger amounts. |
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Stephgmnl
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January 21, 2018, 06:15:01 PM |
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If you have enough knowledge about trading then go ahead, but if you are also new and doesnt have enough knowledge about trading then my I suggest that study first about trading so that you can avoid losses. Keep your tokens until you have enough knowledge about trading. |
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x001tk
Newbie
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Activity: 29
Merit: 0
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January 21, 2018, 07:01:24 PM |
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To start trading you need a reliable trading system. Its like go hunting with the rifle. BUT you should go there with your own rifle cause you know how it works, you know how to aim and shoot it. The opposite when you go with stranger's rifle, you know about it only that stranger told you (aim on target and shoot). But you will fail in epic moment. So in trading, you can buy or download free some trading strategy, but you should make your own which could fit your goals, your risk limit and your trading style. So, I wish you to find YOUR trading system and start trading... |
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hoangtujuda (OP)
Jr. Member
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Activity: 238
Merit: 1
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January 21, 2018, 07:15:50 PM |
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Semosuchi Tesongrato
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Activity: 546
Merit: 33
Rasputin Party Mansion
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January 21, 2018, 09:06:15 PM |
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Well, don't forget that what you put on the table are money!
So, before to start to trade, please be sure that you master at least the basis of the game and - of course - don't use money that you need.
Actually, the best way is to consider money you use in trading as already lost.
Then, if you win, it's just a good surprise.
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Dread Pirate Roberts
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January 21, 2018, 09:24:31 PM |
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Sorry but all the coins you mentioned may I never know, if you really believe the coin will be the prospect of shiny in future (not the price) you can save it for some time. but i will share my little personal experience. storing altcoins for too long is also sometimes a high risk of price.
so for spend altcoin with a lot money make sure you always standby with the exchange and ANN thread of every coin you bought to get always update every news from their community . Good luck and welcome to forum .
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Oilacris
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January 21, 2018, 10:33:39 PM |
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Sorry but all the coins you mentioned may I never know, if you really believe the coin will be the prospect of shiny in future (not the price) you can save it for some time. but i will share my little personal experience. storing altcoins for too long is also sometimes a high risk of price.
so for spend altcoin with a lot money make sure you always standby with the exchange and ANN thread of every coin you bought to get always update every news from their community . Good luck and welcome to forum .
This is always been part of the risk on doing trading because not all coins you do hold does give you assurance to make profits for long term because there are really specific times which it is considered would be the best spot to sell on but telling or identifying this time wont really be easily considered because we do hope for even more profits which is normal. Choices of coins will really be different on each person because we do have different kind of research of coins that they do prefer. |
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Zlatangu
Newbie
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Activity: 29
Merit: 0
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January 21, 2018, 10:34:41 PM |
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Absolutely yes, the very first trade i made was to sell my airdroped coins, then i started trading a lot of altcoins, it wasn't the right thing to do, i lost some value then i converted back to btc, the dip happened ,you learn stuff everyday. Then i sought for coins that were in red and were more likely to raise in value in 1 hr timeframe , i started small made like 5k sats, then the second trade brought me 100k sats(tel coin dunno a lot of bots were there the price got like 50% pumpd). It needs to be mentioned that i have a small capital and afraid of going more than half of it in one trade.
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JesusCryptos
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January 21, 2018, 11:34:11 PM |
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Newbie should first spend a lot of time studying what's going on, if you start to trade immediately you will likely end up losing your money. You need to study first, both the theory and the actual behavior of the market.
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racistyui
Member
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Activity: 110
Merit: 10
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January 22, 2018, 02:45:16 AM |
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With newbies you have to find a master in trading to give you the first guidelines. Find one at your local is the best , they will inspirit you and stop you from making the mistakes.
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Cryptoguru274
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January 22, 2018, 03:00:18 AM |
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I think crypto trading is purely a professional kind of work. As a Newbie you should take time to learn the robes of trading before you dive into the dip. My advice is for you hold you coins for long, like say 6 months and see whether the prices will soar higher. Again you can consult experts to trade for you. |
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mikey12
Newbie
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Activity: 65
Merit: 0
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January 22, 2018, 03:13:53 AM |
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I think as a newbie i am i have to trade because that is the only way i can learn the trade but i have to learn from the Members to the Legends that have been trading before me knowing how experience they are..So newbies should trade after learning so they don't make mistakes in future.
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jamids
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January 22, 2018, 03:53:39 AM |
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If you want to learn then you should trade. You cannot just learn something by just seeing others do it. You should do it yourself. Yes you may lose some and win some but the important thing is that you learn something that can help you to become a better trader. All others did not just suddenly become rich because they watch others do it, they do it themselves and then learn their own way because each one of us has its own strategy to earn some. If you are doubting yourself then maybe you should just a buy a coin then hold it for a long time since many people are doing it this way. |
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maydna
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January 22, 2018, 04:06:07 AM |
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With newbies you have to find a master in trading to give you the first guidelines. Find one at your local is the best , they will inspirit you and stop you from making the mistakes.
and if he cannot find someone which could teach him in trading, then I guess he can learn from any source and I know that youtube is the best place that he could learn more in trading. but before we learn to trade, it is better that we know what we want so when we watch the video, we can learn the tutorial with good and we can apply in the exchanges. there are many videos that he could watch and I am sure that he could learn something and he could master in trading. |
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nhanhzam
Newbie
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Activity: 52
Merit: 0
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January 22, 2018, 04:06:34 AM |
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 Trading is very hard and you could easily lose money and time by trading. If you want to trade, start with small amount, about 1% of your portfolio And why ICO lending? There are tons of good projects instead of those evil ponzi schemes. Simply holding BTC, ETH, LTC or NEO, NEM ... any top high quality coins is already highly profitable.
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maianh09
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January 22, 2018, 04:16:06 AM
Last edit: January 24, 2018, 04:22:57 AM by maianh09 |
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I think you should not learn about ADA, ETC as well as invest in it. If you want to invest in crypto and are less risky and profitable, you can learn about ETN, EDO, EOS. |
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dewi91
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January 22, 2018, 04:34:45 AM |
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I think you have to learn a lot before you try to trading, because trading have a risky and if you not have enough knowledge about it you can lost your money.. trading is not as easy as you think, try it when you feel ready for try trading..
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GoodLuck2
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January 22, 2018, 06:19:14 PM |
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Trading is very hard and you could easily lose money and time by trading. If you want to trade, start with small amount, about 1% of your portfolio And why ICO lending? There are tons of good projects instead of those evil ponzi schemes. Simply holding BTC, ETH, LTC or NEO, NEM ... any top high quality coins is already highly profitable. For trading, the most important thing which you need to have is some very good amount of knowledge related to that of cryptocurrencies and above all you need to learn the trading techniques first. I will suggest you to increase your knowledge first and once you will be having sufficient knowledge, only then you should jump into trading. Otherwise, you will end up losing money. |
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Mister k
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January 22, 2018, 07:39:44 PM |
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You can, if you are ready to lose some of your money. It is part of learning how things work. But you still have to educate yourself too.
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