Cryptocurrency trading for beginners.

[AlexZHankok]

Good explanation from an experienced traders and I really benefits from the explanation you have give here.  If we follow this step that you have giving and the advice we would will reduce the risk of enter the market at the wrong time, been trike to enter the market at the wrong price and over trade. I will add that op also need to updating his tradings' knowledge by practicing on how to trade from demo trade before putting really money.

If demo trade engine is available, always make sure to use that first. Many different exchanges have different spread limits. A demo trading account would expose you to all those hidden details that an exchange might make ambiguous for an inexperienced user to find.

As it is compulsory for a horse rider to practice what he has learnt in his theoretical lectures, same is the case with bitcoins trader when he is willing to join trading.

He must be learning enough about what and why of trading. Once learnt, he must be allowed in practical field to try whatever he had learnt. So definitely demo trade engines are best in this regard as they give you a computer picture of how everything work.

I think it's best to start with investing. Creation of a cryptographic portfolio helps to understand the market itself. In addition, investing helps to discipline itself, which is very important in trade. After 3 months you can start working on the trend on demo account.
This is purely my opinion, because I already have experience in trading another markets.

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[Dart18]

Friends, I welcome you, I'm very glad that the previous article was useful for many https://bitcointalk.org/index.php?topic=2850179.msg29236037#msg29236037, so I decide to write a little more about trading and investments.

Trading for a beginner is a dangerous thing, so everyone should decide for themselves: not to be a beginner, or not to be a trader. Why is that?
Here are a few facts:
 1. Cryptocurrency market is highly volatile, the rates change constantly and it is almost impossible to predict the price movement up or down.

Sorry I deleted most of them from the quote but that is because I think this is the main rule that every new trader will need.

If you focus on that #1 you will see you wont have any problems when it comes to trading. You will have this thought of "It is okay, it is called fluctuation".
Every trader have problems when it comes to predicting where the market will go. You cannot just understand it that easily. So better be ready with that instead of making FUD's afterwards when you are losing. Not a good trait when you are a trader. It comes with patience too. Use the order and wait for it to be completed.

[santorinii]

very helpful once the trends in technical analysis

[AlexZHankok]

Thank you for rating. I hope I will add supplements on the topic already next week. There will be a lot of useful stuff.

[biba67]

I fined interesting and helpfull information in the first post, but i have little experiance in crypto trading and investing in some ICOs and i think, that fundamental analis don't work with cryptomarket. There are another lows in this section.

[iv4n]

For new people that wish to try trading posts like this one can be very useful. I stated some facts that I like to use myself when explaining trading to people who never tried it. Crypto movement is unpredictable, trading can be dangerous and very risky, but there are ways to lower that risk with using some basics tools and you listed them in nice order. All that is important but I think the most important is to believe in your predictions, in your instinct.
Many times I made good profit just because I had faith. Like you said "3. Cryptocurrency market does not have a transparent information background, no one can be 100% sure of it." Many things are just spam, fud, trolling, its hard to make difference between right or wrong, truth from lie, in all that mess you need to know where to look and to believe in your choice even if many things point in other directions.

[AlexZHankok]

Kucoin is one of the many cryptocurrency exchanges available for those in search of a modern and secure platform to trade between cryptocurrencies.
It was founded by a group with a passion for the blockchain who had already built up strong reputations at industry giants, such as GF Securities, Ant Financial, Youling, Jianbang Communication, and iBOX PAY. Kucoin always aims to provide users with a safe and straightforward method of converting their currencies on a state-of-the-art platform.

Why advertise Kucoin here? This and other exchanges already have topics, where everything is discussed and written in detail. I agree with you the criptoexchange is not bad, but so far the volumes are small.

[AngellSky]

Kucoin is one of the many cryptocurrency exchanges available for those in search of a modern and secure platform to trade between cryptocurrencies.
It was founded by a group with a passion for the blockchain who had already built up strong reputations at industry giants, such as GF Securities, Ant Financial, Youling, Jianbang Communication, and iBOX PAY. Kucoin always aims to provide users with a safe and straightforward method of converting their currencies on a state-of-the-art platform.

very much I already heard from such a new trading platform. I think that after completing the Bounty company in which I participate, I will be able to realize all my capabilities on the most popular trading exchanges. After all, everyone is looking for the best and the best.

[AlexZHankok]

Friends, I will update the topic tomorrow! Set of cryptotrade tools.

[AlexZHankok]

A set of cryptotrade tools.

I offer a selection of tools that I use myself and can recommend to you. They help to competently manage their portfolio, automate their management, analyze the market and also monitor the current information on the market as a whole.

1. Use crypto portfolio to record profit / loss
https://www.cryptocompare.com/portfolio/ is a powerful, informative resource that includes ratings of purses, exchanges, plastic cards, mining pools, etc. But for me the main thing is that it has the opportunity to create its own crypto portfolio, for personal or public review.
https://www.blockfolio.com/ application №1 for created your portfolio on Android and iOS. Stores transactions, displays profit / loss relative to the rate at which you purchased the currency. Also you can set notifications for change in the price of the token.
https://getdelta.io/ same thing. But, it is possible to add a commission for transaction and use several portfolios in pro version.

2. Analyze the price movement, watch the volumes.
https://coinmarketcap.com/ is the most popular site for assessing basic information on the market. You can find many data on many existing coins. On the service you can get acquainted with the most significant data about a particular crypto currency: historical price dynamics, market capitalization, price change and the total number of coins on the market, a list of new crypto-currencies on exchanges.
cryptomaps.org service visually shows the movement of the volume of trades on each crypto currency.
https://icorating.com/ a rating agency that conducts independent analytical research, evaluates ICO projects and assigns them a rating.

3. Watch out for projects and upcoming events. Read the latest news.
coinmarketcal.com is a calendar of upcoming events, updates, forks etc. Events and insights are added by the users themselves.
https://www.investing.com/crypto/ I think write about this resource does not make sense, all mens know it. All the latest news and analytic can be found on this resource.

4. You must work with the charts, in trading it is necessary.
https://www.tradingview.com/ technical analysis in one click. There are all the necessary indicators for professional traders. There is a system of notifications and chat. Also has a well organized system of "blogs" of traders, with the possibility of publishing their technical analysis. Such graphics are called "ideas". Users can subscribe to authors of similar "ideas" and use recommendations in further trade.

Sorry for my English. Especially did not check, hastened to add fresh information.  

[logan16j]

Friends, I welcome you, I'm very glad that the previous article was useful for many https://bitcointalk.org/index.php?topic=2850179.msg29236037#msg29236037, so I decide to write a little more about trading and investments.

Trading for a beginner is a dangerous thing, so everyone should decide for themselves: not to be a beginner, or not to be a trader. Why is that?
Here are a few facts:
 1. Cryptocurrency market is highly volatile, the rates change constantly and it is almost impossible to predict the price movement up or down.
 2. Cryptocurrency market is practically not subject to fundamental analysis. Basically, this is a market relationships, or the manipulation of the market by large players.
 3. Cryptocurrency market does not have a transparent information background, no one can be 100% sure of it. Very often it happens: there seems to be believable news, but in fact it was just a market manipulation, for someone's re-purchasing or information was just incorrect.

If the newcomer wants to succeed in trading, he should study in detail 6 tools for analysis:
1. Basics of technical analysis
2. Computer analysis
3. Use of tools for trading
4. Basics of fundamental analysis and analysis of market movements in the past.
5. News
6. Cryptocurrency technologies (whether there is in general a sense in this or that technology, whether it is useful to a society, whether carries something new or it is the next fork of what that of coins).

To become a professional trader you will have to learn a lot, practice a lot, plunge deeply into the market, conduct a certain number of transactions, survive ups and downs, as well as incur certain losses.

It is this approach will allow eventually succeed and become a successful trader. Learning and knowing a certain tool shifts the scale in your favor: if initially your chances of predicting price movement are estimated at 50/50, many mistakenly think that knowing all the subtleties of trading their chances will approach 90/10, unfortunately this is not so.
Good indicators are 55/45, at best they will be 65/35, because one transaction is not indicative, it will be necessary to open many transactions and only at the distance in the theory of large numbers the results will approach the mathematical expectation. You will start to guess more often and less often make mistakes, this is the best way to succeed in trading on the crypto exchange market and this is no longer the path of a beginner. You will have to cease to be a beginner and become a professional. Or you can choose another way – not to be a trader. Do not try to predict the movement of a course, but simply buy something that has fundamental reasons for growth, buy something that is inextricably linked with cryptoeconomics. It is known, it grows, grows very violently for a long time, even when local corrections occur, even when markets or individual market sectors collapse locally. Thus, changing the approach to a more fundamental one: portfolio or index, you very often can get rid of those problems that are in trading.

Historically, in a variety of markets: foreign exchange, commodities, securities markets and other proven -traders tend not to overtake the market itself. So, for example, if you invested in all American stocks by not a lot, you would get a better result than you looked for the asset that you want to invest in now, anticipating its price movement in the short/medium term.


Nevertheless, many people try their luck in trading, because it is precisely in times when the cryptocurrency itself does not give such a rapid growth and trading comes to the fore as a market neutral strategy, a strategy that can bring you profit, even when the whole market is in the flat or in the red. After all, trading allows you to earn on the fall and stagnation of the market, not just on its growth.

So I decide to sort out all 6 tools a little, so that the beginner had the opportunity to combine trading with investment.

I hope that in order for you to start trading in this market, you need to understand the market and the projects you intend to invest. It can be seen that the market is fluctuating continuously and extremely mixed, so the successful trade is extremely difficult, requires you to have good technical analysis skills and can combine the. with market information. From there, design your own specific business plan.

[Radhead]

Guys, what cryptocurrency exchange platform do you recommend to a newcomer? It is desirable that there would be many currency pairs and small commissions. Looked closer to Bittrex, but they have closed registration of new users

[AlexZHankok]

Guys, what cryptocurrency exchange platform do you recommend to a newcomer? It is desirable that there would be many currency pairs and small commissions. Looked closer to Bittrex, but they have closed registration of new users

At the moment, the undisputed leader is Binance. Also I recommend KuCoin. All the base altcoins you can find on these crypto currency exchangers.

[Daimon88]

Good explanation from an experienced traders and I really benefits from the explanation you have give here.  If we follow this step that you have giving and the advice we would will reduce the risk of enter the market at the wrong time, been trike to enter the market at the wrong price and over trade. I will add that op also need to updating his tradings' knowledge by practicing on how to trade from demo trade before putting really money.

If demo trade engine is available, always make sure to use that first. Many different exchanges have different spread limits. A demo trading account would expose you to all those hidden details that an exchange might make ambiguous for an inexperienced user to find.

As it is compulsory for a horse rider to practice what he has learnt in his theoretical lectures, same is the case with bitcoins trader when he is willing to join trading.

He must be learning enough about what and why of trading. Once learnt, he must be allowed in practical field to try whatever he had learnt. So definitely demo trade engines are best in this regard as they give you a computer picture of how everything work.

I think it's best to start with investing. Creation of a cryptographic portfolio helps to understand the market itself. In addition, investing helps to discipline itself, which is very important in trade. After 3 months you can start working on the trend on demo account.
This is purely my opinion, because I already have experience in trading another markets.

And prior to all this, I suggest and advice everyone who is coming to or willing to come in this world of bitcoins. Do go through about what you are going to invest in. you must be knowing before coming here that what you are supposed to do and what is your goal. How will you be making things happens to archive your goal. And for all this, basic knowledge about bitcoins is necessary.

[AlexZHankok]

Good explanation from an experienced traders and I really benefits from the explanation you have give here.  If we follow this step that you have giving and the advice we would will reduce the risk of enter the market at the wrong time, been trike to enter the market at the wrong price and over trade. I will add that op also need to updating his tradings' knowledge by practicing on how to trade from demo trade before putting really money.

If demo trade engine is available, always make sure to use that first. Many different exchanges have different spread limits. A demo trading account would expose you to all those hidden details that an exchange might make ambiguous for an inexperienced user to find.

As it is compulsory for a horse rider to practice what he has learnt in his theoretical lectures, same is the case with bitcoins trader when he is willing to join trading.

He must be learning enough about what and why of trading. Once learnt, he must be allowed in practical field to try whatever he had learnt. So definitely demo trade engines are best in this regard as they give you a computer picture of how everything work.

I think it's best to start with investing. Creation of a cryptographic portfolio helps to understand the market itself. In addition, investing helps to discipline itself, which is very important in trade. After 3 months you can start working on the trend on demo account.
This is purely my opinion, because I already have experience in trading another markets.

And prior to all this, I suggest and advice everyone who is coming to or willing to come in this world of bitcoins. Do go through about what you are going to invest in. you must be knowing before coming here that what you are supposed to do and what is your goal. How will you be making things happens to archive your goal. And for all this, basic knowledge about bitcoins is necessary.

I agree with you. It is advisable to start with this:
1. You must understand an technology blockchain;
2. You must believe in these technologies;
3. You must create your first crypto-portfolio for cold investment;
4. You need to understand the dynamics of the market and how it works;
5. And after that you can start to active trading.

[Robin77]

Crypto Trade is a good way to earn money from online. A cryptocurrency exchange is like a stock exchange or like a currency exchange in a foreign airport. You can make a fortune in a moment and lose it in the next whether you trade Bitcoin, another coin, or the GBTC Bitcoin trust.
You need to research for trade and crypto coin. Do it at your own risk.

[PuertoLibre]

Trading cryptocurrencies can be dangerous for rookies. I advice babypips site to learn the basics of trading before jumping to volatile markets. Cryptos look like different  than stable forex market in terms of pips.

[AlexZHankok]

A cryptocurrency exchange is like a stock exchange or like a currency exchange in a foreign airport.

Very original comparison
I do not agree only with the fact that this is a lottery or fortune. An analytical approach is needed in everything.

[Radhead]

Trading cryptocurrencies can be dangerous for rookies. I advice babypips site to learn the basics of trading before jumping to volatile markets. Cryptos look like different  than stable forex market in terms of pips.

it's not only different, it's completely unpredictable. That is why I tend to believe that classical technical analysis will not help.

[Miraz69]

Yes, of course, before starting cryptocurrency trading, there are some initial knowledge to get. With this you can understand various aspects of crypto trading. Which will be able to play an important role in your subsequent crypto career.