dayem708 (OP)
Jr. Member
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Activity: 123
Merit: 2
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March 02, 2018, 04:31:36 PM |
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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.
Thanks for your valuable tips. but wanna know that where i can buy the coin and sell? thanks for ICO tips. i am learning about ICO. it is kind of trading sometimes it is called investment. |
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adzino
Copper Member
Hero Member
Offline
Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
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March 02, 2018, 04:34:34 PM |
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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?
Holding and selling is more like investing for a long time. Trading is like trading instantly and switching between coins for maximizing profit.The best thing to do is learn how the market works first. Gain information about the coins you are about to invest and check their potentiality. Try investing small before going big. Learn from your small mistakes. |
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greenclub09
Full Member
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Activity: 560
Merit: 102
BBOD - The Best Crypto Derivatives Exchange
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March 02, 2018, 04:52:54 PM |
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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?
holding and selling is very important in this market, but of all that is about timing, just need informations faster than the crowd a little bit, we can earn a lot of profit, so when you want to get in this cryptocurrency trading, unless you are big whales you should learn from groups of cryptos first and participating in groups that can bring profit from pumping and dumpings. |
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MURONDI
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March 02, 2018, 05:03:29 PM |
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basically trading is buying cheaply and selling it for a high price, learn to determine the direction of the market, and choose a coin that is suitable for you to trade, because each coin has a different character different.
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bitcoinwiser
Newbie
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Activity: 4
Merit: 0
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March 02, 2018, 05:17:07 PM |
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as much as crypto trading seems extremely lucrative, if you have a day job that pays your bill - IMO i strongly urge to NOT quit it and become a full time trader. Start slowly by investing time after job and weekends (work your ass off on the weekends in getting educated and researching).
Hone your trading skills and style in due time and once you are able to sustain your monthly dues via consistent profits, scale to being a full time one.
The most important and crucial thing is - you have to be a voracious READER!
Wish you luck on your journey!
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VPoro
Full Member
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Activity: 201
Merit: 100
Decentralized Ascending Auctions on Blockchain
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March 02, 2018, 05:50:26 PM |
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there are many many things you have to know before trading. technical analyst, pshycology,... but i think hunting skills is the most important lesson you should study before trading
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Slow death
Legendary
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Activity: 3010
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
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March 02, 2018, 08:02:32 PM |
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What do I need to Know to Start Trading on Cryptocurrency? I realize you want to know where you trade, right? To start trading you need exchange like: https://www.bitfinex.comhttps://www.binance.comhttps://bittrex.com ( be very careful with this ) then search on youtube how to use exchange to make trade next step: you should learn technical analysis even if you will not use much, is very useful in certain cases. you need to be always informed, that means you should read the news channels: https://cointelegraph.comhttps://coinmarketcap.com ( read constantimento the thread of the currency that you are doing trade) |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
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▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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djselery
Legendary
Offline
Activity: 1386
Merit: 1001
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March 02, 2018, 09:14:45 PM |
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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 take your time firstly reading more about crypto trading, and learning the basics to avoid the biggest mistakes, and to minimize the risks. You have to learn how to study the market, the chart, and how to choose the most promising coins or tokens to trade, and when buying and selling. Without such knowledge you risk losing your hard earned money easily because trading involve high risks. |
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marlboroza
Legendary
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Activity: 1932
Merit: 2270
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March 02, 2018, 09:56:35 PM |
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What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?
First read all "how to trade" topics. Do a lot research about coins and market before you start trading. Read news but choose wisely what news to follow because there are more FUD and fake news than real news. Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
Your final goal is profit, so you will need to buy coins when their price is low and sell when price increase. The thing is you have to spot right time for buying and right time for selling. |
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strongwarrior238
Member
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Activity: 294
Merit: 10
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March 02, 2018, 10:05:54 PM |
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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?
I believe that in order to be able to invest in the Cryptocurrency market you have to understand what the nature of the market is, how it works and understand all the projects you are intending to invest. private If you are involved in a trade, you need to learn about technical analysis, market intelligence, capital management, and information channels to work out a trade plan. |
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entrepmind23
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March 03, 2018, 03:43:08 AM |
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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?
Buy low and sell high would always be the popular advice not just in trading cryptocurrency but it applies to all trading markets like forex and stocks. If you wanted to learn trading then you should start first by understanding how the market works. You can start with the School of Pipsology here https://www.babypips.com/learn. One of the mistakes newbies made when starting to trade is that they do not understand the terms use and the market structure. They just buy a coin immediately not even knowing the fees involve and study why the coin is increasing or decreasing rapidly only to be rekt afterwards. There are a lot of youtube videos if you don't want to read. If you are really serious about trading then you should dedicate time to study the market because those who are successful didn't just study them for a short period but it took them a lot of time before they become profitable. |
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datodota002
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March 03, 2018, 04:13:17 AM |
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1. you should know why you buy a crypto, do not buying with rush just because the crypto are in still up situation.
2. you have to make clear target to taking profit and the most important to make stop loss level to avoid over loss.
3. you have to do risk management, do not too acquisitive to make big profit in one trade. keep in mind take little profit into that accumulated into big profit
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erickkyut
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March 03, 2018, 04:18:12 AM |
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There are lots of things to know before you start trading cryptocurrency. First is the types of wallets you should use. You should know the level of security for each wallet because it is the most important thing in this market, the security. Next is on which exchange safe is the safest and most convenient for you to use. third is your goal on trading. Are you a short term trader or a long term trader? Last but not the least, you should know the things how to possibly avoid losses and avoid scams.
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AntonDrobot
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March 03, 2018, 04:23:04 AM |
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This is electronic money or digital assets that are created by private computer systems without the control of central banks using encryption algorithms. The idea of e-currency came about because of the disappointment in the fiduciary, or fiat money that we are accustomed to using. The very first and most common crypto currency is bitcoin.
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Fantastic33
Member
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Activity: 308
Merit: 12
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March 03, 2018, 04:38:21 AM |
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Trading is very risky. Before you start doing it, you must read more about trading such as the basic rules or laws about trading. Decide what type of trading do you want, either short term or long term one. Where to buy or sell your bitcoin. So you must look for trusted sites. You must also watch bitcoin price from time to time to monitor when is the right time to trade. Laslty, you must be able to develop your attitude and learn to become patient.
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nikenv2212
Jr. Member
Offline
Activity: 84
Merit: 3
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March 03, 2018, 01:38:11 PM |
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Cryptocurrency is a high risk high return investment program, you must know and understand its meaning. In a matter of hours even shorter you could be lucky, and you could lose all your money. For that you have to equip yourself with enough knowledge about what is trading, what is cryptocurrency, then you also have to be smart in choosing the right coin for you to invest in it, etc. If you are a beginner, do not rush to invest a large amount.
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mostkey
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March 04, 2018, 12:40:26 PM |
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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?
Well, you can search for technical knowledge of analysts in google search engine, this is an important part of trading so that you do not experience loss later. fundamental, and some techniques for reading the market. so you can know what will happen to a coin that you have, whether it will develop or even destroyed and lost. |
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Borisb52
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March 04, 2018, 12:47:55 PM |
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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?
For trading on the exchange, you need to know and know a lot about crypto currency. You need to be able to analyze the market and events, be able to read graphics and most importantly - understand the psychology of the masses. I advise you to get training from a practicing trader. Otherwise, you can simply lose all your money. |
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crypto1nvest
Member
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Activity: 236
Merit: 10
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March 04, 2018, 02:26:12 PM |
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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 on HOLD or SELL?
You need to learn a lot. 1. Technical analysis 2. Fundamental analysis 3. Money management There are a lot of information on https://www.investopedia.com/ |
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rhayot
Newbie
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Activity: 351
Merit: 0
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March 04, 2018, 02:33:16 PM |
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You should know first, if what type of cryptocurrency are you going to trade, is it profitable or not. If you want to have a good profit you should invest in an low price cryptocurrency with a great platforms about their community so that, their coins will be having a good value in the market. In the long run, the coins will be in a high amount and that’s the time that you will gain a profit. You must have a deep reserach and critical analysis before trading otherwise your money will be wasted.
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