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Author Topic: What I Should Know Before i Start Trading Cryptocurrency  (Read 782 times)
dayem708
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March 02, 2018, 05:07:08 AM
#1

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

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St4yInTh3D4rk
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March 02, 2018, 06:23:00 AM
#2

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
You need to know the basic rule of trading Buy low and sell high and you have to select the which crypto currency you are going to trade and appropriate capital for that coin is also important to make enough money.

It is not about hold and sell you have know when to buy and when to sell,I suggest you to start with one coin initially and the do multiple currency trading after you got enough experience from it.

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March 02, 2018, 06:27:56 AM
#3

It's not just simply hold and sell however you can still make money with just holding but what you can make if you will day trade is way higher than what you can get from just holding all coins you have.

Day trading or active trading is not easy and you have to learn from mistakes and have perfect trading strategy. You should learn to be patience and you should not trade emotionally.

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March 02, 2018, 06:47:32 AM
#4

First thing and it's the important thing you need to know while you decided to start trading is trading has high risk. You could lose lot of money or earn lot of money. You should be ready for the worst and best because it's really unpredictable on cryptocurrecy trade.

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March 02, 2018, 06:49:39 AM
#5

I think for a start it's best to learn the basics of security. be careful not to lose your coins. Do not use bad exchanges, read more and personal practice will help you. when you feel more confident you will understand everything further.
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March 02, 2018, 07:03:27 AM
#6

The first thing you need to do and know about cryptocurrencies trading is how risky it is and it is very possible for you to lose all your investment in it. Trading is a game of professionals and skillful person and it is not advisable for any one to go into it without proper skills and knowledge how it works. After that knowllege you can now buy some of the coins and hold for long term.
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March 02, 2018, 07:13:20 AM
#7

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

If you have not done it previously then you consider yourself in the category of HODL and sell for now because that's what works just fine according to me. Trading can be frustrating after sometime if you don't earn pretty enough from that and over the time you might just loose hopes and by that time you will have lots of money on stake.

Crypto trading can be great opportunity but let's be straight about it, they work the best when done with hold and sell started. Now if I am telling you this then I am sure about it because I have been through that and I don't want you to spend and loose money for nothing. Try hold and sell or even swing trading for instance. Quick and easy.

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March 02, 2018, 07:25:39 AM
#8

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
First you should be able to see the state of the market is when the trend up and down, has a source of information that can provide you with accurate and fast information, because the price of crypto is determined on demand so you have to know what makes the demand up or down. When you are already in the world of crypto trading you will understand that this is not just hold and sell.


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March 02, 2018, 07:26:31 AM
#9

One should know before start trading that cryptocurrency trading is very risky and its price fluctuates quickly. So, always start with a small amount and get experience.
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March 02, 2018, 07:29:43 AM
#10

Basically what everybody else has said here.

At first just trade demo and see how it goes for you.

When you want to go live then learn about cold storage and hardware wallets first. A lot of stolen BTC out there due to newbies who don't know what they are doing.

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March 02, 2018, 07:31:41 AM
#11

I use 3 basic strategies for generating income from trading in crypto-currencies.
Selection of coins, investing in them and holding for a certain period.
I also analyze and invest in coins at the pre-ICO and ICO stages.
And of course trading.
Each strategy requires certain skills, experience and knowledge.
To get income and good results, I first went through training.
I am still studying a lot of information
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March 02, 2018, 07:38:53 AM
#12

Aside from the basic knowledge, you also need to acquire different skills and knowledge.  The scalping, the right timing and using the news as prediction to the trend of trading.  You also need to learn how to use your patience effectively and most of all, try to learn on how to join trading groups that can give you signals and news about the coin or stocks you are trading.

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March 02, 2018, 07:45:06 AM
#13

1. Create a trading wallet of crypto bitcoin IQ option
The normal currency is stored in the bank, while kryptocurrency is slightly different due to the fact that they are just software. This currency is stored in a place called "wallet".
2.Creating a Trading Account
The first thing you need is to open a trading account. I recommend opening an account in a regulated broker like IQ Option or a redeem offering kryptocurrency trading.
3.Fill Your Account.
Depending on the broker, you can fill your trading account in various ways. Namely, credit cards, bank transfers and eWallet.
4. How to start trading kryptocurrency
Depending on the broker or exchange place

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March 02, 2018, 09:30:58 AM
#14

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

You must know if trading is not only getting profit, and you must manage your amount for trading.
And next step you can create an account on any exchanger. That the basic for starting trading
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March 02, 2018, 10:00:07 AM
#15

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
There's a lots of factors that you needed to understand before proceeding to this business, trading is not just hold and sell or something that you think that it's easy to handle, trading is more about how taking the risk, a high risk is inside this system, if you don't have any knowledge and you don't have a big nerved to still being cool while seeing the fluctuations is happening, then think twice before placing any entry, keep reading those good advise and collect
that as a learning guides to enjoy and succeed.

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March 02, 2018, 10:08:50 AM
#16

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?

trading is not just hold or sell. there is a lot more to it than meets the eyes. you need to know when to hold, when to buy more and when to sell and what coin you do all this on. in my opinion it is more of an experience than something that you can just ask others to tell you the "how to" to learn it. of course there are some basics of trading that you can learn from any online course about trading but in the end that experience which is only gained through you getting your hands dirty is what makes the difference.

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March 02, 2018, 10:32:26 AM
#17

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
yes it is all about HODL and SELL but it depends if you have enough knowledge how it works.  . So first if your are lack of knowledge you must learn first and make some research about doing  trading, so that you can obtain more information and and you can make your own strategy for it to avoid loses ',cause to be honest doing trading in different manner is very risky you must risk also if you want to gain more profits after .
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March 02, 2018, 11:01:17 AM
#18

You should know the basic interms of cryptocurrency trading, The basic of when to buy and when to sell, you should also know the possible risk you may encounter in trading,  don't be afraod to take a risk becasue taking a risk might result to failure or sucess,  you might experience success or failure im trading but anything happen atleast you've learn you experience.

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March 02, 2018, 11:17:06 AM
#19

1. There is an anonymous group called whales that can easily manipulate the movement of the market.

2. Security of your funds in the exchange of your choice is very paramount. Always enable 2FA as an extra layer of security, use a very strong password and ensure to access your exchange account only from personal devices. All these really matter as even when your invested coins/tokens that you have been hodling hit the moon, you could still end up with $0.

3. Learn how to spot quality coins with a promising project.

4. Sometimes, it's best to buy a quality coin when the price dips for the first time it hits the exchanges than during the ICO which is higher.
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March 02, 2018, 04:25:24 PM
#20

1. Create a trading wallet of crypto bitcoin IQ option
The normal currency is stored in the bank, while kryptocurrency is slightly different due to the fact that they are just software. This currency is stored in a place called "wallet".
2.Creating a Trading Account
The first thing you need is to open a trading account. I recommend opening an account in a regulated broker like IQ Option or a redeem offering kryptocurrency trading.
3.Fill Your Account.
Depending on the broker, you can fill your trading account in various ways. Namely, credit cards, bank transfers and eWallet.
4. How to start trading kryptocurrency
Depending on the broker or exchange place

So how to trade? in IQ option is there any option to buy altcoin? i am talking about crypto trading where i can buy coins and will sell it when the price is increasing.

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