Newbie in crypto trading

[Coin-Desk]

200 $ enough to start crypto trading. But I would say that you are absolutely new, so start with 100 ৳ without starting at Tk 200. Cause crypto may cause damage at trading. Because you're just new. There are some rules for crypto trading that you have to comply with. If you do not comply with rules, crypto trading may be harmful. To start crypto trading, first 4-5 coins will be selected. Remember, crypto trading can never be done with just one currency. And always will not have to worry about profit. Because crypto trading may be a loss. And if the damage cannot be frustrating. Rather, be patient if you have to suffer. If you can successfully make crypto trading, you will definitely get the benefit. Thank you

[Tungsten-1]

You should be know first how to minimize the risk from wrong trade because in each open potition will be not possible all of that will make profit , but some of that will be failed trade. So you have to understanding how to use stop loss in crypto exchange, this is the most important thing in trading and apart of risk management.

absolutely right and I agree with you because to have a very good and fast success trade must deepen the knowledge of the crypto world because of the big risks. so you also have to be patient and never panic when the market goes down because if you panic it will make you lose money

So this is nice suggestion mate because most of time new traders use to sell for panic as when they see price is falling they get emotional and before trading we are told by expert traders to have patience and never get emotional as in treading emotions only discourages so newbie’s should have patience and choose only promising coin, don’t trust blindly, better to trade for long term only.

[playboy654]

The traders need to be get experience because the experience only will made you to get the profits so if you are a newbie you need to be trained and guide by some experienced people then only you can learn that trips and tricks involved in this field.

[mersal]

Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.

trading in cryptocurrency field will always difficult so choosing the best currency for first experience will helpful you to learn something better than reading about it make the practical work will be the way to get 100% experience in this field so newbie should definitely investor the best currency only for getting the positive result.

[Noa_Amable]

I think is better to trade top 10 crypto based on market cap because the fundamental is better than others.  Price action of crypto is unpredictable and sometimes the market crash just a few minutes so we need to use stop loss and trailing stop as risk management.

therefore, for beginners, what is needed is a lot of knowledge about the crypto world, because the risk in crypto is large. so for beginners understand first about the world of crypto trading more clearly

There was more specific question asked actually. So I suppose just 'learn more or it could be risky' is just hilarious answer...

Regarding the matter. Try ETH and ETC as trading using technical analysis (in case no news are coming of course).
Try to use support and resistance concept or some indicators like Ichimoku.

[akram143]

Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.

trading for a new people will definitely Dil Duffer in the situation because there are lots of Technical difficulties available here to learn how to read properly if you possible then only it will be useful for them to make the trade in joining more people and more profitable.

[DeadCoin]

Have a simple start. Start with $100. Go with BTC, ETH, XRP in the beginning. Get your own experience. You will certainly gather experience. Start with the  best exchange which cost you with less transaction fees. Certainly there will be ups and downs. Keep studying the market. Try to invest more time as well besides money.

[StephenJH]

Have a simple start. Start with $100. Go with BTC, ETH, XRP in the beginning. Get your own experience. You will certainly gather experience. Start with the  best exchange which cost you with less transaction fees. Certainly there will be ups and downs. Keep studying the market. Try to invest more time as well besides money.

Cent accounts are more affordable than wasting money and time on real platforms. Newbie traders always tend to make mistakes but all these mistakes teach a very valuable lesson. Veteran traders are against to start trading account without proper knowledge and skills.

[BUK2016]

Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.

Well, it is unfortunate that after you put up your quest for people's opinions on how you should trade crypto currency you have not returned read the reply from people you are seeking their opinion which seems to me that you are not yet ready to learn crypto currency trading.

[samcrypto]

Have a simple start. Start with $100. Go with BTC, ETH, XRP in the beginning. Get your own experience. You will certainly gather experience. Start with the  best exchange which cost you with less transaction fees. Certainly there will be ups and downs. Keep studying the market. Try to invest more time as well besides money.

Small capital while you’re on the process of studying how to trade is a good idea because it can allow you to lose small money only. If you don’t make any effort on learning how yo trade then you cannot succeed on that. Trading is not about making money, its also about spending more time with the chart.

[Johnyz]

Have a simple start. Start with $100. Go with BTC, ETH, XRP in the beginning. Get your own experience. You will certainly gather experience. Start with the  best exchange which cost you with less transaction fees. Certainly there will be ups and downs. Keep studying the market. Try to invest more time as well besides money.

Small capital while you’re on the process of studying how to trade is a good idea because it can allow you to lose small money only. If you don’t make any effort on learning how yo trade then you cannot succeed on that. Trading is not about making money, its also about spending more time with the chart.

Spend more time on studying than to focus much on the possible profit. No matter what you capital is if you are not knowledgeable enough about trading you will still lose it. Start small but always dream big, start woking now and have a brighter future with your trading decisions.

[izanagi narukami]

Personally I prefer focus on 1 or 2 well known crypto like btc or ETH
For me, you're wasting your time to analyze other token that still not have great prospect.
Except you're really believe on it just like I did on bitcoin and ETH as well

[LUCKMCFLY]

If you have investor thinking, I recommend that you buy Bitcoin and wait until Bitcoin goes up, it can be a long time. If you want to be a market speculator, I recommend that you study a lot so that you understand how the market moves. Being an investor, you should only review the price, the idea is that you have the availability to wait, and if you want to win as the market advances, it is what I call a speculator, the difference lies in this way, the speculator he is always analyzing movements to see how he can predict or react and thus win.

[ikicha]

You have a money but cant decide whats currency you are gonna to invest, better try to learn first about investing and trading know all the risk after that you can try research by your self whats project you are gonna to invest.

[adamlillian]

Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.

If you really appreciate ELLA and PIRL, don't hesitate to invest in it. Even if you fail, this is your first lesson in the crypto market.
I will not recommend you because I want you to create your own investment plans and strategies. Successful investment will greatly depend on your differences. Trust in yourself when investing. That is the most important thing.

[LogitechMouse]

I think what you need to do first is just get some information that is related to trading and don't trade when you don't have enough knowledge to use. You must know the supports and resistances, different indicators used in trading etc. I'm not expert in trading but when I first invested in trading, I lost all of them because I don't know the indicators that are often used in trading. I tried to learn indicators and now, I'm gaining profit even though its a small amount only at least I'm gaining.

[SvonioneFromMangoCoinz]

Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.

I will have no idea about the altcoins you have invested. Your $ 200 should invest in FET or BTT. It is 2 tokens that have just been listed on Binance and the price of the new FET is only x4. It went to the floor 30 minutes ago and this is a good time to buy it before its price x15.

[creeps]

You have a money but cant decide whats currency you are gonna to invest, better try to learn first about investing and trading know all the risk after that you can try research by your self whats project you are gonna to invest.

You have the capital now to start trading, so the next step is to learn how.
Its not easy to trade even if you have the money because your decision is very important. Look for guidelines on how to trade properly, learn every steps and you can be good. We all once a newbie before, some traders succeed some are not its your choice where you want to go.

[icecube45]

If you want to learn trade, try to daily trading, you will get a lot of knowledge in daily trading because you have to keep an eye on market fluctuations so that you can know the price developments. Choose the top 10 coins in the coinmarketcap, this is a coin that has good development and you will be easy to be able to make a profit rather than you choosing uncertain coins. The most important thing is that you can control your emotions and keep learning because at each situation the fluctuations will be different so it is necessary to learn. If you only want to hold a choice of coins such as bitcoin and ethereum, this is more profitable for the long term.

[panganib999]

If you want to learn trade, try to daily trading, you will get a lot of knowledge in daily trading because you have to keep an eye on market fluctuations so that you can know the price developments. Choose the top 10 coins in the coinmarketcap, this is a coin that has good development and you will be easy to be able to make a profit rather than you choosing uncertain coins. The most important thing is that you can control your emotions and keep learning because at each situation the fluctuations will be different so it is necessary to learn. If you only want to hold a choice of coins such as bitcoin and ethereum, this is more profitable for the long term.

I also advice day trading on some newbies eventhough its kinda tough and hard to do but they will going to learn easily although they can lose easily as long as they will gain a experience and keep an eye on the market to know the fundamentals is enough to learn.