Begginers in trading ( share you experiences about trading )

[Ethreyes]

Hello traders!  

Can I ask you about how can begginers start in trading? If you had already a little bit of knowledge about in cryptocurrency and technical analysis or terms in crypto systems can you will start trading? And last thing for a begginer like me how much the starting capital or money will I spend to become traders?

Can you share your opinions and experiences. For us to start investment and trading with cryptocurrency.


Thank you!!

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[Joel_Jantsen]

Can I ask you about how can begginers start in trading?

Yes.You start with learning how crypto works and get your basics about crypto currencies right.Things like wallet,public key,exchanges etc are need to be understood before blindly doing stuff.Read a lot of cryptos in general and maybe watch a few videos on youtube to get an idea how things work.Once you have basic technical understanding of the cryptos, you're ready to buy/create a account on an exchange.

If you had already a little bit of knowledge about in cryptocurrency and technical analysis or terms in crypto systems can you will start trading? And last thing for a begginer like me how much the starting capital or money will I spend to become traders?

You start small.In fact, you start very small.Download some ebooks on crypto trading which will have a follow up tutorials and you can start doing stuff as you go through it.

Can you share your opinions and experiences. For us to start investment and trading with cryptocurrency.

Opinions are subjective.Facts matter.General consensus is

- Don't put what you can't afford to lose
- Don't store coins on an exchange wallet
- Use exchanges which are reputable in your country
- Don't put your life on it

[Tytanowy Janusz]

0 - Choose if you want to earn bitcoins or dolars. Dont mix it. You can't make 1 trade and say i earned 100sat on it and next trade and say i lost 100 sat buy earned 10$. Earn sat or $.
1 - try to chose coins that are good fundamentialy and at right price (dont jump into shitcoins pumped to top50) - chose some and trade on them only.
2 - fallow their twitter and telegram - news are gamechanger
3 - chose good, high volume exchange with low fees i suggest you binance
4 - as a trader with basic knowledge about TA all you need is experience. Thats why chose minimum bet (0,0001BTC ~ 6$ in binance) and make as manny trades as you can. Learn with every of them. What can possibly go wrong/ -10%? its only 60 cents with this bet. And what you will learn is priceless. If you will not earn on 6$ you will not earn on 1000$
5 - Chose small candles (5-15 min) for beginig. Lower risk (there will be less waste after wrong predicion for next 3 5min candles than for next 3 1hour candles - 3h amplitude can be up to 10% 15min amplitude is up to 2%) and you will make more trades daily. That will faster your learning.When you will sucees on short candles you can jump to longer. (but look at all timeframes. If you are imexpirienced dont jump on buy oportunity on 5 min cadles if there is sell oportunity on 1h or 1d candles)
6 - Check daily amplitude before jumping in. Some coin have daily amplitude of 1% some have 10% (some are moving faster and others are in stagnation (higher risk higher profit))
6 - In trading nothing is certain. There is no trader with 100% acurancy. Cut looses and move on to next trade. You did nothing wrong. Its just the one unlucky trade. Think about trading like it is work and lost trades are fuel to get to work. That will help you get over it.  Problem is when there are more lost trades. Stop. Take a break and change strategy or take longer break. Mayby market is in this moment too much manipulated by whale.
7- Dont jump into fomo. You can trade on waves after pomp on panicked noobs
8- Buy fear sell hope

[ryurifai]

Don't trade with your whole stack. If you're going to do it, do it with a small fraction of your bitcoin/dollars - play money. And then practice. Do it for a good while, and then if you're having success, you can gradually increase the amount you do it with.

[nanasei]

Acquire knowledge in cryptocurrency first through personal studies or mentorship. If after gaining knowledge then you can start trading,at first with 200 USD before committing bigger more money

[fmasta]

When I started here, I have already developed the strategy, what should I do next. I din't have any money to invest than, I just attended to one Bounty, and start my trading from the tokens that I get from it.

[ajqjjj]

Hello traders!  

Can I ask you about how can begginers start in trading? If you had already a little bit of knowledge about in cryptocurrency and technical analysis or terms in crypto systems can you will start trading? And last thing for a begginer like me how much the starting capital or money will I spend to become traders?

Can you share your opinions and experiences. For us to start investment and trading with cryptocurrency.


Thank you!!

Trading is a simple technique if you have experience in this platform you will earn profit and if you are a beginner in this platform long term investment is more secure investment because current scenario is really unpredictable so better invest in long term or day trading you will earn profit. Day trading is a highly risk investment if you have good analytical skills you will earn good profit.

[Lucius]

Hello traders!  

Can I ask you about how can begginers start in trading? If you had already a little bit of knowledge about in cryptocurrency and technical analysis or terms in crypto systems can you will start trading? And last thing for a begginer like me how much the starting capital or money will I spend to become traders?

Can you share your opinions and experiences. For us to start investment and trading with cryptocurrency.


Thank you!!

Before you invest any money in trading take some time to read and learn from the experience of others, many have made the mistakes that cost them a lot of money and a lot of lost nerves, so use that knowledge to your benefit from the start. I will not post any links, just use search engine with key words "trading", "bitcoin" and you will find lot of tips and instructions how to start. I just can say that this is not something what can be learned overnight, it takes time, learning, and understanding how markets work. But let this not discourage you, if you have a strong will to do something success is possible.

Regarding money, some will say 100$ is not enough, but for start it will be enough if you can not afford more. Then you need to decide your trading tactics, do you want be daily trader or invest on long term - are you interesting only in BTC or maybe altcoins trading?

I suggest you look at my signature, there is something that may interest you, full guides available on site.

[lavishlife]

just a selling tip,
Don't get consumed by your greed, don't wait for the peak of the pump, sell immediately if the price reached your selling point. don't be greedy.

[wayaneka]

I know about trading strategy from some video on the youtube, and i try to sign up in demo account in forex trading to learn about technical analysis. And after i have some knowledge about TA, i try to make deposit on crypto exchange to test my skill. When i started is easy to make profit because in that times is bull market, but after that i loss again in big money. By keep learning i know some strategy, how to diversify risk and to lock the profit and avoid loss, keep learn from the mistake will make use become more expert.

[cancoinl2]

Well, people have already provided you with a lot of tips and useful information The only thing I can add is that you will need a reputable and user-frienly exchange. I suggest CEX (https://cex.io/). It has a limited number of currency pairs, but their security is great which is essential for dealing with crypto.

[xvacator]

Well, people have already provided you with a lot of tips and useful information The only thing I can add is that you will need a reputable and user-frienly exchange. I suggest CEX (https://cex.io/). It has a limited number of currency pairs, but their security is great which is essential for dealing with crypto.

Why not binance or bittrex or even poloniex to start? Because I see that site is good enough for new people, who want to learn to trade. But I don't know if he wants to try one by one of the exchanges so he can find what exchanges that he likes. You can use $100 if you want so you can start trading, but first, you need to have bitcoin or usdt to buy the altcoin. And for making the analysis, I suggest you read the book or watch the videos on youtube.

[aencarnaci]

Well, people have already provided you with a lot of tips and useful information The only thing I can add is that you will need a reputable and user-frienly exchange. I suggest CEX (https://cex.io/). It has a limited number of currency pairs, but their security is great which is essential for dealing with crypto.

CEX ? If you are really looking for a reputable exchange with a lot of supported cryptocurrencies that you can trade, I would rather go for the likes of Bittrex or Binance. Why CEX ?

I am not saying CEX is a bad exchange, but when you are comparing exchanges with each other, CEX does not even stand the chance of the top 5 in the market.

As a beginner in trading however, what you should even be doing first is to learn and afterwards practice using a demo site like that of bitmex to get your hands dirty, fine tune your strategy and then get better, while now deciding if you want to go into spot trading or leverage trading which in that case I would rather choose binance most especially.

[vit05]

I will suggest that before any move you should read two books. These books are not just about techniques, they talk mainly about the psychology in decision making. It is very important that you have an idea of why you should decide on something.


Trade Management


The Zurich Axioms:

After reading, you should make your account on an exchange. They need to have those basic trade instruments, which are:

• Have a graph of the negotiations
• Have a volume chart
• Have a large volume of negotiations
• Allow Stop loss
• Allow Leverage

It is necessary that you sign up even if you think you do not know knthing. Because the best way to learn, it is when you lose money. Cryptocurrencies allow you to start with very small amounts like 10 dollars. So it is easy them investing in stock markets.

Inside the platform, you will already be able to familiarize yourself with several options, tools, and needs. And that will force you to study. I believe that just by subscribing to Bitmex referral link or Binance you can already operate and read the information they provide. Bitmex has a lot of articles and material to study.

Then you can start reading about charts. A summary of some is in this post: Trading Cheat Sheet Collection


The Bitmex link has my referral. You will receive 10% discount when using a referral link. If you do not want to use one, just go to www.bitmex.com

[prtty2gal2]

Well, people have already provided you with a lot of tips and useful information The only thing I can add is that you will need a reputable and user-frienly exchange. I suggest CEX (https://cex.io/). It has a limited number of currency pairs, but their security is great which is essential for dealing with crypto.

Why not binance or bittrex or even poloniex to start? Because I see that site is good enough for new people, who want to learn to trade. But I don't know if he wants to try one by one of the exchanges so he can find what exchanges that he likes. You can use $100 if you want so you can start trading, but first, you need to have bitcoin or usdt to buy the altcoin. And for making the analysis, I suggest you read the book or watch the videos on youtube.

Actually, when I read that too I was surprised. CEX is not even on the top list of exchanges in terms of reputation, interface, or whatever you want to think as there are so many other better exchanges that still is a lot better.

The main thing with CEX is that they offer cryptocurrency trading for fiat money but nothing too advanced when it comes to trading professionally and in that case, I would rather prefer to pick an exchange like Binance with low fees and more cryptocurrencies, as well as the fact that it is an exchange that is growing rapidly.

[omonuyak]

Hello traders!  

Can I ask you about how can begginers start in trading? If you had already a little bit of knowledge about in cryptocurrency and technical analysis or terms in crypto systems can you will start trading? And last thing for a begginer like me how much the starting capital or money will I spend to become traders?

Can you share your opinions and experiences. For us to start investment and trading with cryptocurrency.


Thank you!!

Trading is a game and you need skills in other to become a successful trader. Since it demands skills to make money from trading it then means you will need practice! Those that have jump into this market without skills will tell you story on how much their have lost in trading.  I will advise you to take the learning process more important than the capital to invest because the more skillful you are the more money you make from the market. Don't think you will make it in trading by following signals services.

[atrocityx]

Trade based off of Satoshi value, not USD value... USD value can give you a real false sense of security in doing well when you actually maybe aren't.  Kind of hard to explain in a bear market, but when it goes bull, its not really enough just to make money, you need to be multiplying and growing exponentially since your window is very small.

[frowsiter]

When I started with crypto trading then all I gotten was loss, loss and more loss. I literally tried trading many times with all the different strategies which I failed eventually. However, with the time you get hand of it and time comes when you recover everything that you have lost earlier mate.
I adopted new methods all the time, you dont hit the right one immediately because crypto keeps changing its course all the time. Now I have accepted that one very well and it makes me trade far more easily than the normal one. 
As beginners you always fall for it, but if you keep the pace and patience then you can spice up the trade.

[Supercrypt]

I am still a beginner in trading world to be honest with you but I have been a beginner for about 6 years now and never really improved my trading skills to a great level that I could actually live with it.

However, as a person who has been trading in crypto space for over 6 year period (which seems a lot in crypto world since it is less than a decade old but it is still not so much because someone who has traded other stuff like forex and stocks for over 20 years and been interested in bitcoin for a year now is much better than me) rest assured no matter what you do in trading there are very few golden rules that always helps out.

First is never trust something if it looks too good to be true because in the end it is rarely ever true. I have bought and sold more coins than I can count and only ones that really made me money is the ones that we all know, the rest that looked amazing to trade all vanished and disappeared. Go with the top 10-20 coins and trade them, rest are not that important.

Second important rule is to keep your losses to a minimum by either selling out before it goes down or it went down only a bit (stop loss helps in this case) or but a sell order slightly higher than what you bought so you get your profit and leave.

[Sadlife]

It would be wise to learn first through watching youtube tutorials, googling and researching some good articles about the different kinds of  trading techniques and indicators before investing all your money into trading that you have little knowledge about.