How to start trading with 2 BTC? What is the first step?

[60BTC]

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers 

[1714873567]

1714873567

[1714873567]

1714873567

[1714873567]

1714873567

[Upgrade00]

The first step would be to not to get started with 2BTC at all. That's too high an amount to start trading for someone with no experience.
Trading is a long term venture,so you have to properly build on your foundation. Profits in the early stages would be few an far between, but that's the best way to get a feel of it. Avoid trading/sign groups which are shared to you. DYOR.

Use your best learning option, books, videos or articles. I will suggest you try demo trading in the beginning, although a lot of people misuse this feature. If you're serious about learning how to trade, you'll take demo trading as the real thing, only use amounts you would risk in an actual trade and keep trying till you get it right.

[akamit]

So i have decided i will start trading with 2BTC first.

Good! Welcome to the crypto universe. Be patient and always control your emotions.

I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions

What others say is not important, the important thing is what you know about yourself and how strong confidence you have. If you don't have experience then you have to earn it. Just remember, climbing Everest is also so difficult but humans succeded.

so how can i start and where can i start?

As you said, you don't have experience so I suggest starting with learning because you need to understand the crypto market very well, it is very volatile.
Trading has different strategies and different strategies have a different knowledge base, so you have to learn those.

where to learn the basics? some good books?

Youtube can be a good free source, also you can find some source by googling. There are some books I guess, I just can't find the link now but I saw it somewhere a few days ago.

how much profit can i expect daily in the beginning?

That depends on many things. I suggest don't run for profit at the beginning, instead, trade with small amounts to taste the waters after earning some knowledge, basic or intermediate.

How to avoid major loss?

Probably, by controlling your greed and rush decision making also understanding the market trend.

is there any professional traders that allow to follow their trades and they charge some fees for it?

There are trade signal channels that offer free or paid trading signals. But it is a big NO.

[Immakillya]

We have tons of ways on how to do day trade. But dont expect it to be an easy profiteering activity. Cryptocurrency is very difficult to predict and different from traditional trading. It's very volatile and you could lose everything in a second. Anyway, I'm not scaring you. But this is the truth. Passive income? That's not true  Learn how to use stop loss function to avoid sudden loss, read news about current events on cryptocurrency and evaluate them if there will be a positive and negative impact in market.

[milewilda]

Several tips since you do completely start from the beginning.


- Dont use up that entire 2BTC money of yours if you dont like to lose it all unless if you do have thousands of coins then its fine.
- Start on small trades and figure it out on what kind of trading you do prefer either short or long term ones.
- Major loss? Its inevitable but somehow you can lessen it with your own experience and skills.
- Dont hurry and take time to learn up even the basics. Tradingview for plotting out technicals and visit out Babypips.com for total basic terms
 in regards to trade.
- Test small amounts on Binance.com
- Trial and error
- Dont rush up on making money or profit.

[EdenHazard]

Several tips since you do completely start from the beginning.


- Dont use up that entire 2BTC money of yours if you dont like to lose it all unless if you do have thousands of coins then its fine.
- Start on small trades and figure it out on what kind of trading you do prefer either short or long term ones.
- Major loss? Its inevitable but somehow you can lessen it with your own experience and skills.
- Dont hurry and take time to learn up even the basics. Tradingview for plotting out technicals and visit out Babypips.com for total basic terms
 in regards to trade.
- Test small amounts on Binance.com
- Trial and error
- Dont rush up on making money or profit.

+1

You need to plan everything, set a target ... daily, weekly, monthly and yearly.  Stick to that plan and be disciplined.

Minor loss is a must so you can learn something what's wrong from it and fixed everything ASAP. let it flow don't trade feel like under any pressure , do it patiently as time goes by you'll gained experience and that time you are good to go to set higher profit target and so on. The most important part is to not use all the money you have , save it for the unexpected scheme.

[clickerz]

Several tips since you do completely start from the beginning.


- Dont use up that entire 2BTC money of yours if you dont like to lose it all unless if you do have thousands of coins then its fine.
- Start on small trades and figure it out on what kind of trading you do prefer either short or long term ones.
- Major loss? Its inevitable but somehow you can lessen it with your own experience and skills.
- Dont hurry and take time to learn up even the basics. Tradingview for plotting out technicals and visit out Babypips.com for total basic terms
 in regards to trade.
- Test small amounts on Binance.com
- Trial and error
- Dont rush up on making money or profit.

True, having a BTC is a good crypto on hand already. Just set aside some funds for trading.

+1

You need to plan everything, set a target ... daily, weekly, monthly and yearly.  Stick to that plan and be disciplined.

Minor loss is a must so you can learn something what's wrong from it and fixed everything ASAP. let it flow don't trade feel like under any pressure , do it patiently as time goes by you'll gained experience and that time you are good to go to set higher profit target and so on. The most important part is to not use all the money you have , save it for the unexpected scheme.

Discipline is important here. Just rade on major coins so that it wot easily dump. Be patient always, and check your position from time to time. Hopefully, OP is ready for trading,  I mean armed with research, knowledge on TA or trading tools, etc for better decision making.

[leowonderful]

Do not mess with leverage if you're new. It's a terrible thing for people that don't really understand it, and it's going to mess you up if you start out trading with margin. Start by trading on a reputable site without using leverage and read up and test how the site you're using works (VERY important), and start by watching or reading beginner guides on trading on places like Medium or YouTube, and start applying what you learn with a very small amount of money to ensure you're learning but not wasting excessive amounts of money at first.

It's very possible you might not profit much at first. Most new traders tend to lose money simply because of inexperience, but that's fine as long as you're only risking a set percentage of your trading capital per trade and you're not risking more than you can afford to lose. The latter is probably the most important thing you need to remember in trading.

You'll never learn much by copying others' trades, though it's possible and actually built into some platforms like eToro for free (AFAIK). I'd advise against starting out by copying others' trades, because the end goal is to be trading on your own, not by depending on other people. It's fine to occasionally view other peoples' trades to visualize their thought processes and techniques, though.

[bassbity]

If you have intention with 2 BTC capital then my first suggestion is to trade at Binance there are many active coins and you can trade with your performance.
You should learn more about how to analyze the correct price of coins or see on YouTube how to practice it, for ways to overcome losses, I think it's a risk but how to minimize it by looking for potential coins.

[zeze18]

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers 

It's hard for the first time, you should just use 2-3% of your capital to learn the market movement.
Learn basic knowledge of trading is a must, and you have to be more careful to controlling emotion and greed when doing daytrading. I think it's recommend to just hold your BTC right now and use a little for practice trading

[rmhuntley]

How to start trading for beginners :

1. Start trading cryptocurrencies with something that can be lost
2. Continuous focus on Bitcoin
3. Another aspect of how Crypto trading is to avoid greed
4. Do not make a blind investment

Read more : How to start trading for beginners

[Shasha80]

Wow, 2 BTC is a lot of capital for me. Many strategies to make a profit with a capital of 2 BTC, The first step I would always
save half the capital that I have on stable coins, to anticipate if the price coins that we buy down then we can buy again at
the bottom price. So later if the price goes up can double profit. The next step is not to buy too many coins with a maximum
of 5 coins so you don't have trouble monitoring them. Lastly don't panic easily in any situation, because panic buy / sell will
make us experience losses.

[MURONDI]

2 bitcoin is too much for a beginner, do you already know the risks in trading,? don't be easily tempted by big profits like people say, because all that is not as easy as thought, You have to practice with a small capital first, if you are already proficient at making profits, then add the capital.

[Yatsan]

First, don't go all-in with your 2BTC, Try Binance with 0.01btc, be familiarize with the trading, and how trading works. After that, when you know to yourself that you can trade now with much bigger capital then increase it little by little, don't treat it as gambling that if you are losing, you are going to go all in. This strategy works for me, and I hope this is going to work with you too.

Remember that do it after you watch or read some basics in trading! Don't go trade empty-handed with knowledge. I am just suggesting this strategy because, for me, the experience is the best teacher in terms of trading, but yeah, read or watch some video first.

[Ailmand]

It would be the best for you to start practicing with small amounts for you to be able to experience how it is to day trade. The experience will teach you more than reading books, watching trading videos, of course, it is a good reference, but trying it first hand would give you more insight into trading. If you fail on your first try, don't get to emotional and just focus, even expert traders lose money in trading. 2 bitcoin is a huge amount to start with and do not use it all-in if you are new in trading.

[maxreish]

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?

Start with the basic, "buy low-sell high" in trading. It is better if you start with altcoin trading and long term trading first. You have enough capital but use and choose it to those coins that are worth to buy.

I don't have books to read when I was a starter, I just read everyday some useful contents and article onlines, youtube videos also help me and this forum offers a lot just browse and DYOR.

how much profit can i expect daily in the beginning?
How to avoid major loss?

Profits depend on the situatin and depends on how much is your target profit. Since there are numerous sideways especially in day trading, consider being a swing trader first. And about the major loss, there is a thing called "stop loss".

is there any professional traders that allow to follow their trades and they charge some fees for it?

There are several groups that allows you to join but with paid subscription. It will not guarantee you that their group gives you secure profits. Just learn what you have to know in trading and drop the idea of joining and following paid professional trader's group.

[andycarrol]

in the beginning, it is better to try with a small amount when you have no basic trading because I have a bad experience with losing a lot of money because it does not have basic trading when I just followed some of my friends who do daily trading. quite a lot of shitcoin, and you have to be careful before buying it, and most importantly not greedy, self-control, because this often makes us lose a lot of money in trading.

[justdimin]

I would probably put some of it on savings before I get in that deeply, I don't mean savings in the sense of bank savings account, I would probably put some on staking so that I would get some more while doing nothing, binance started doing staking so now you can literally put all your money on binance and buy those proof of stake coins and just collect cash (depending on coin going up or down you can make even more or even lose).

However, I would try to learn indicators and what they mean, anything could happen in bitcoin world but indicators basically tells you what the market "should" do, it doesn't have to do it but it "should" do it. That kind of stuff matters a lot and you should know them and learn them so you can be prepared a lot better when something unexpected happens.

[enhu]

Don't start using leverage, even traders to had been trading for year lose a lot of money due to it. Start by just selling your BTC for USD and then buy back when it dips. Basically BTC/USDT is the pair. 2BTC is even big enough to play around as a newbie. I could really start with just $200 nothing for you but pennies.  Moving averages and RSI I guess, that's just the indicators to use for starters.

To avoid loss, which should be your first concern is that don't do anything yet unless a spike or price nosedive happen. and when that happens, check the RSI and then take action. This usually work for daily chart so no hurries, wait for days.

[ReiMomo]

I had been sharing this article with the other thread asking what is the guide for the new traders, here it is. https://www.mycryptopedia.com/the-ultimate-beginners-guide-to-trading-cryptocurrency/

Don't invest your 2 bitcoin in one exchange, just split it and invest the half on it and hold for long time purposes. Find a hardware wallet where to keep your Bitcoin safe. The other half is just starting to trade and if you have been fully knowledgeable in trading then, you are good to go. As what they say don't leverage trading because it is high risk. Just do the basic one, sell high and buy low.