noormcs5
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April 07, 2019, 05:15:57 AM |
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Don't put the cart before the horse
First thing first: You need the skill set of trading before investing in it. Otherwise you will end up blowing your capital, it doesn't matter how much you are going to fund with. YouTube is a cool place to learn if you can't find someone to mentor you offline or one on one. Learn before investing to avoid regrets.
I think youtube is not a place to start learning trading because there is a lot of material available on youtube but it is so much scattered and you may lose your way if you start to follow it. A better approach is to learn trading from any teacher / friend etc who is already doing it, as he will be able to teach your from the start. Trading is a full time job and you cannot be a successful trader unless you learn it properly.
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Tungsten-1
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April 07, 2019, 11:39:42 AM |
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Hey I am newbie this forum and analysis that Bitcoin market down last 2 years.So I want to how much money need for trade and how get profitable frorm trade.I think this forum have many expert traders so I requested to all please tell me your experience about trading.
Trading is not so easy especially for the newbie. But you can learn it by starting with a small amount of money. The most important rules you need to maintain is technical analysis. Without it you can't get much success on trading. I agree, there is no amount of money needed in doing trading because if you are newbie it's better to start in a small amount of money on which you can encounter different struggles in order to know and develop your trading strategy and it will help you to avoid too much loss in the start. Yeah if you are new and you don’t know well about trading rules you can start with miner amount of money which you are not afraid to lose, but those who has good experience and who knows market rise and fall can make profit even starting from anytime, I got good profit with my long term trading as I bought in 2016 and trade in 2017, so I made good profit.
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GregH37
Legendary
Offline
Activity: 1302
Merit: 1037
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April 09, 2019, 03:17:01 PM |
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And anyone who is investing in cryptocurrency should know what exchange will work best for them. Some exchanges are really a waste of time and you should not go for them. For newbies , it’s best to start with Coinbase and gain experience of everything . Coinbase is secured and they have everything you will need, including wallet , exchange etc.
Even the best exchange there is has people who are complaining about them. Bitfinex is a good exchange but lately I have seen a few people that complained about having some problem with withdrawal. One thing is that if you’re going for any exchange just try to understand everything about them and how they work. There are rules as well, and you should know them and also abide by those rules. This way you’re not going to have any problem with them. What you’re investing depends on you. Some people might find it difficult to invest $10,000 but to others , that $10,000 is nothing.
But, I guess any new trader can start with $500 or below to that still it all depends on how much you have. Some people recommend that you go into trading with 1- 5% of what you have. Reason for this is that trading has risk and you can lose at the time you least expect it. So you should calculate what you have and see how much the 1% -5% gives you. If it’s around $500 and above, then it’s a good start.
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Oceat
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April 09, 2019, 03:34:17 PM |
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Don't put the cart before the horse
First thing first: You need the skill set of trading before investing in it. Otherwise you will end up blowing your capital, it doesn't matter how much you are going to fund with. YouTube is a cool place to learn if you can't find someone to mentor you offline or one on one. Learn before investing to avoid regrets.
I think youtube is not a place to start learning trading because there is a lot of material available on youtube but it is so much scattered and you may lose your way if you start to follow it. A better approach is to learn trading from any teacher / friend etc who is already doing it, as he will be able to teach your from the start. Trading is a full time job and you cannot be a successful trader unless you learn it properly. There are so many available tutorials and guide on the internet these days some of them are free. You gotta have to look carefully on searching them because some of these tutorials are not really giving the exact information that you want to know. So better read carefully everything and apply it in trading, since trading really need an experience for you to be able to fully understand.
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3996
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gabbie2010
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April 09, 2019, 04:43:39 PM |
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Don't put the cart before the horse
First thing first: You need the skill set of trading before investing in it. Otherwise you will end up blowing your capital, it doesn't matter how much you are going to fund with. YouTube is a cool place to learn if you can't find someone to mentor you offline or one on one. Learn before investing to avoid regrets.
I think youtube is not a place to start learning trading because there is a lot of material available on youtube but it is so much scattered and you may lose your way if you start to follow it. A better approach is to learn trading from any teacher / friend etc who is already doing it, as he will be able to teach your from the start. Trading is a full time job and you cannot be a successful trader unless you learn it properly. There are so many available tutorials and guide on the internet these days some of them are free. You gotta have to look carefully on searching them because some of these tutorials are not really giving the exact information that you want to know. So better read carefully everything and apply it in trading, since trading really need an experience for you to be able to fully understand. In addition to those advise you need to practice trading (demo) after learning from those tutorials via trading platform eg Mt4 platform or cryptos stimulators to get accustom to all rudiments of trading so as to gain more experience and consistently making profits before going live. You should ensured that you device a working strategy equipped with a good money management and trade with maximum of 5% of your total portfolio irrespective of the amount funded for trading.
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binhvo1505
Member
Offline
Activity: 728
Merit: 11
https://streamies.io/
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April 09, 2019, 05:12:14 PM |
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Hey I am newbie this forum and analysis that Bitcoin market down last 2 years.So I want to how much money need for trade and how get profitable frorm trade.I think this forum have many expert traders so I requested to all please tell me your experience about trading.
First of all, you need to understand a lot about the basic principles of investment. because even if you have a lot of money, you will lose it when you invest blindly and have no knowledge of the market. Observe and read more to get a better overview of the market. After that, you will definitely have the perfect strategy.
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emberbekas
Legendary
Offline
Activity: 1904
Merit: 1000
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April 09, 2019, 06:02:24 PM |
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Hey I am newbie this forum and analysis that Bitcoin market down last 2 years.So I want to how much money need for trade and how get profitable frorm trade.I think this forum have many expert traders so I requested to all please tell me your experience about trading.
First of all, you need to understand a lot about the basic principles of investment. because even if you have a lot of money, you will lose it when you invest blindly and have no knowledge of the market. Observe and read more to get a better overview of the market. After that, you will definitely have the perfect strategy. Of course, people who will put money into something must know or at least fancy with such thing. If trading is something new for us, of course we must learn it first before actually plunging into it. Practicing regularly and looking for references from various sources are ways that we can take. While how much money we have to use, it will depend on the financial capacity of each individual.
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spadormie
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April 09, 2019, 06:24:35 PM |
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Hey I am newbie this forum and analysis that Bitcoin market down last 2 years.So I want to how much money need for trade and how get profitable frorm trade.
If you are a newbie and doesn't want to read and read, just invest in bitcoin and do it for a long term investment. Shorting bitcoin requires knowledge and skills in trading. Regarding the money, fortunately there's none required for that. You can trade whatever amount that is.
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Finestream
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April 09, 2019, 10:59:18 PM |
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Hey I am newbie this forum and analysis that Bitcoin market down last 2 years.So I want to how much money need for trade and how get profitable frorm trade.
If you are a newbie and doesn't want to read and read, just invest in bitcoin and do it for a long term investment. Shorting bitcoin requires knowledge and skills in trading. Regarding the money, fortunately there's none required for that. You can trade whatever amount that is. Just invest with the amount you can afford to lose.Because it's really inevitable that during your first time in trading,losses may come naturally so prepare for it.And keep on learning in trading through continues studies and varied experiences in trading.In the end,nothing would help you but only yoursef you can trust.
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Mila52
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April 10, 2019, 09:52:11 AM |
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There are many articles of strategies and videos about trading, but without knowledge and experience it's difficult to get permanent profit . I will advise three rules: 1. Be patient and don't expect fast profits 2.Don't put all the eggs in one basket) Always have a plan "B" 3. Invest as much as you aren't afraid to lose.
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DeadCoin
Sr. Member
Offline
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
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April 10, 2019, 06:01:28 PM |
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There are many articles of strategies and videos about trading, but without knowledge and experience it's difficult to get permanent profit . I will advise three rules: 1. Be patient and don't expect fast profits 2.Don't put all the eggs in one basket) Always have a plan "B" 3. Invest as much as you aren't afraid to lose.
No set rules as such. Just go with it. Take a complete study of best coins projects, exchanges that have good volumes with traders crowded. Invest in coins that are less than $1. Invest little a training for a period. Once you are sure about how trading should be done, then yes go ahead investing in other best coins.
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Pamadar
Legendary
Offline
Activity: 2982
Merit: 1028
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April 10, 2019, 07:03:14 PM |
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There are many articles of strategies and videos about trading, but without knowledge and experience it's difficult to get permanent profit . I will advise three rules: 1. Be patient and don't expect fast profits 2.Don't put all the eggs in one basket) Always have a plan "B" 3. Invest as much as you aren't afraid to lose.
No set rules as such. Just go with it. Take a complete study of best coins projects, exchanges that have good volumes with traders crowded. Invest in coins that are less than $1. Invest little a training for a period. Once you are sure about how trading should be done, then yes go ahead investing in other best coins. Slowly but have a good directions, it's always better to have good knowledge regarding to investment that you will going to take, most traders have their very own style and keeps improving it over and over, there's no real system unless being keen to adopt certain situations that happened and learned how to apply it for your winning strategy.
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Pattart
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April 13, 2019, 08:35:57 AM |
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Don't put the cart before the horse
First thing first: You need the skill set of trading before investing in it. Otherwise you will end up blowing your capital, it doesn't matter how much you are going to fund with. YouTube is a cool place to learn if you can't find someone to mentor you offline or one on one. Learn before investing to avoid regrets.
Agree, because what matters is not how much capital you have, an expert trader can generate big profits only from small capital, the first rule that you must have is skilled skills, and the second is set of capital according to your financial abilities
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BlueStackz
Legendary
Offline
Activity: 1204
Merit: 1028
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April 14, 2019, 08:40:59 PM |
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Don't put the cart before the horse
First thing first: You need the skill set of trading before investing in it. Otherwise you will end up blowing your capital, it doesn't matter how much you are going to fund with. YouTube is a cool place to learn if you can't find someone to mentor you offline or one on one. Learn before investing to avoid regrets.
Agree, because what matters is not how much capital you have, an expert trader can generate big profits only from small capital, the first rule that you must have is skilled skills, and the second is set of capital according to your financial abilities Skills and practice is the most vital thing like you said, when it comes to trading, money cannot buy us success if we don’t approach our trading in the right way, and the only way we can have a better approach is when we have the necessary knowledge and strategy to carry out such trade, and coupled with the fact that we have to know that mistakes are bound to happen no matter how perfect we think we are, that is why as a normal trader, we should only trade with any money that we feel we can let go off and not money that will make us stay away from trading finally after we have blown it finish before becoming perfect.
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Vaculin
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April 14, 2019, 11:20:08 PM |
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Don't put the cart before the horse
First thing first: You need the skill set of trading before investing in it. Otherwise you will end up blowing your capital, it doesn't matter how much you are going to fund with. YouTube is a cool place to learn if you can't find someone to mentor you offline or one on one. Learn before investing to avoid regrets.
Agree, because what matters is not how much capital you have, an expert trader can generate big profits only from small capital, the first rule that you must have is skilled skills, and the second is set of capital according to your financial abilities Right. You can start a small capital first in trading and make it bigger with the skills you will develop in trading. It's still best to enter into trading if you know already how to trade and how to refrain from losses based on the experiences you have gained from trading.
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jonhn772
Jr. Member
Offline
Activity: 280
Merit: 1
Security and Privacy Features on the Blockchain
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April 15, 2019, 07:28:26 PM |
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Hey I am newbie this forum and analysis that Bitcoin market down last 2 years.So I want to how much money need for trade and how get profitable frorm trade.I think this forum have many expert traders so I requested to all please tell me your experience about trading.
As a newbie you need to start trading with small amount of money. I recommended you to start with $50 minimum. Before start trading try to learn about trading from youtube and from this forum.
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mrdeposit
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April 15, 2019, 07:30:55 PM |
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Hey I am newbie this forum and analysis that Bitcoin market down last 2 years.So I want to how much money need for trade and how get profitable frorm trade.I think this forum have many expert traders so I requested to all please tell me your experience about trading.
As a newbie you need to start trading with small amount of money. I recommended you to start with $50 minimum. Before start trading try to learn about trading from youtube and from this forum. İ don't recommend to start with real money as a newbie trader. Better to use demo accounts for learning the basics and later start a new journey with real money. I know 50$ is nothing but losing it as a newbie trader is the same thing like throwing it away.
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dvdrewritable
Member
Offline
Activity: 280
Merit: 13
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April 15, 2019, 07:43:41 PM |
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Since you are in the new trading sector, you do not trade with a large amount of dollars. So you will have more chance of losses. You can do it with the small amount of dollar. You do the trade, as much as you can afford because you might lose. However, when you become an expert in the training sector, you can understand when taking a trade is good When you grow up.
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werokez
Newbie
Offline
Activity: 140
Merit: 0
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April 17, 2019, 08:04:39 PM |
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You don’t need a lot of money to begin. Learn this sphere, read articles on it, analyze market, find trading platform convenient for you and everything will be ok
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Homorton
Newbie
Offline
Activity: 126
Merit: 0
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April 17, 2019, 08:08:54 PM |
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You don’t need a lot of money to begin. Learn this sphere, read articles on it, analyze market, find trading platform convenient for you and everything will be ok
Sounds simple. I wish it’d be so. Give me please a link on a platform where you trading
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