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Author Topic: How to start trading with 2 BTC? What is the first step?  (Read 1320 times)
harizen
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November 12, 2019, 08:34:29 PM
 #41

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?

"HODL" it. Don't engage in trading yet. Since you have no experience, you need to do first a self-study to be able to picture out what things you should expect once you enter the world of trading. Start from learning basic trading knowledge and that's enough to now finally start the actual trading. Your best source is your favorite web search engine. Almost all trading article stuffs today out there on the web are useful. I know you already know how to determine sh*t infos on the web so I don't think you will have a problem if you read those at random sites.

It will take time before understanding trading stuff so you need to be serious if you really want to push the idea of doing trades. BTC2 is not a joke amount and it can vanish even within a day. Understand the risks of trading and take note that there's no overnight rich profit here.

Goodluck.



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

A subscription but most of them are fakes and scams. Trust your knowledge instead.

Real professional traders are too busy to have time assisting their all supposed clients so don't believe easily in that kind of offer.

If you are talking about a copy feature, like in E-toro, I don't see any crypto-related platforms today who has that feature. But no need for this. Build experience and you will be fine in the long run.

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November 13, 2019, 08:10:06 AM
 #42

I would say instead of trading maybe he should start with "investing", that sounds like a better idea than trading right off the bat. Sure, there are ways to start trading checking up on indicators and so forth but that doesn't mean he should jump into it.

For the OP and anyone that wants to ask the same question : my suggestion is to take your time, if you have no time to deal with this and want to get rich quick that means you should run away and leave quickly, it may take YEARS before you see a decent profit, nobody wants to make you rich, you need to basically find people who lost money and be the guy who made money on that which is very difficult.

Learn the indicators, learn the trends, learn the supports and resistances and test out very small and grow from there.

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piebeyb
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November 13, 2019, 09:13:11 AM
 #43

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  Wink

You can use BTC capital smaller than that to test the market or go to an exchange that provides a DEMO account for you to learn first

so how can i start and where can i start? You might be able to see exchange information here, you can register and have an account there, usually I choose one that has a high trading volume

where to learn the basics? some good books? You can find it on YouTube and you can practice it directly, I rarely see books for trading crypto

how much profit can i expect daily in the beginning? stop to hope, whatever people say out there discussing the advantages of trading in the crypto world is wrong, the first thing you must understand is understanding the second risk about profit

How to avoid major loss? I think to avoid risk is very difficult, maybe to reduce the risk I think there is, I use 3 buy order techniques in trading using mathematics

is there any professional traders that allow to follow their trades and they charge some fees for it? I think a lot, but unfortunately they usually have a closed group so it might be hard to find, but you can follow the trading signals if you want and you can look for it in a telegram, you join there for free

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November 13, 2019, 10:03:44 AM
 #44

The first step is definitely not to come to Bitcointalk and ask a bunch of strangers how to trade, this is the first step to rekt. But I understand how it could be  for a newbie and we all have different ways of learning, if you want to begin, you have to know that there would be absolutely no way to avoid losses at the beginning but you are going to learn what works and what doesn't work by trial and error, you could start with much smaller funds to learn though.
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November 13, 2019, 12:39:46 PM
 #45

the first step is NOT starting with 2 BTC!!!
you say you have no experience in trading and you just heard some people hype the profit for you, that is the most common reason for thousands of people who lost money in this market.
people already posted a lot of good suggestions here but none of them matter when you have such a large amount of money at stake in a market you do not understand.
the solution is very simple too, you first have to reduce that capital to something more reasonable like $100 and then follow the suggestions here and learn trading.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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November 13, 2019, 12:57:05 PM
 #46

the first step is NOT starting with 2 BTC!!!
you say you have no experience in trading and you just heard some people hype the profit for you, that is the most common reason for thousands of people who lost money in this market.
people already posted a lot of good suggestions here but none of them matter when you have such a large amount of money at stake in a market you do not understand.
the solution is very simple too, you first have to reduce that capital to something more reasonable like $100 and then follow the suggestions here and learn trading.
You are right! Its not really that necessary to start up $16000+ of start up capital for trading specially you are starting from the beginning.
99% chances that you will surely lose up those funds in a short time since you dont even know on what you are doing.As been said earlier this would
involve lots of mistakes and errors which for you to learn along the way.Learn from it then gradually applying trading techniques or system which
would somewhat workout into your own strategy.

R


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November 13, 2019, 03:29:19 PM
 #47

The first step is definitely not to come to Bitcointalk and ask a bunch of strangers how to trade, this is the first step to rekt. But I understand how it could be  for a newbie and we all have different ways of learning, if you want to begin, you have to know that there would be absolutely no way to avoid losses at the beginning but you are going to learn what works and what doesn't work by trial and error, you could start with much smaller funds to learn though.
Since this is a forum where people can disscuss anything they want, then it shouldn't be a problem for OP to ask about that. Where is the different between ask on here and searching from youtube or book?
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November 13, 2019, 05:51:46 PM
 #48

I think 2BTC enough to start trading. To be honest even I were not start trading with such as amount. First thing is you should play with big amount for first time since you are beginner. And don't trade with more than 80% from your portfolio. Remaining fund would be use for emergency situations. And learning market analysis is important part of trading. You should know real time updates which coin you are going to trade. Otherwise you can't make profits just based on ideas. Remember you have to take action with patience and you have to avoid your greedy behaviour. As so as you gain experience then you could get profits from trading. Remember, everyone there for profits, but it's really very complicated.

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November 13, 2019, 07:22:49 PM
 #49


wow you got a lot of concerns huh  but let me try to answer some of your concerns   . first you said your a noob and a noob means no experience but why you start with 2 btc  ? 2 btc is already a huge amount for just a starter  but that i a good capital once you are already have an experience  . you can just try demo trading to practice and save the 2btc for a while  . second , you can learn here on the forum for tips and tricks or you can watch trading vid on yt  . you cant expect a good profit at the start but itll only come ones your getting the grasp of doing good trades  .
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November 14, 2019, 12:39:15 AM
 #50

I'm not an expert to trade but I just know it and had several times to gain a profit from it.

Basically, trading is not like a gambling that you can buy/sell (buy/bet) bitcoin whenever you want and just play it, more than that you need a startegy to start it. Sans it you've included that trading is purely like gambling.

I see all your question only lead to a knowledge how to trade, I just wanna know first, have you know trading? I mean its strategy, its analyst and also your emotional when you trade?  Because when you an intention to start it you need to overcome for at least the basic of those.

Learn more first what strategy that shoulf you choose, what analsyt that should you choose and how to control your emotional before you start to trade. Find them by yourself and then I'll believe you will ask your own question that you've mentioned.
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November 14, 2019, 01:25:53 AM
 #51

for a beginner, you can try joining the telegram trading signal channel,
if you want to trade on your own, you can try learning to trade with a Demo account before using real money,
I don't have a good book recommendation, but on YouTube there are a lot of them and I study there,
after you learn on youtube and can already trade smoothly using a DEMO account, then you can do real trading.
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November 14, 2019, 01:43:03 AM
 #52

First start gaining knowledge on how to trade, do a research or watch videos on youtube. There are many tutorials in youtube where you can learn the basics about trading and the usual mistakes of a beginner.

Then find a reputable exchange, its important because this is where you will entrust your funds so choose wisely.

Have plan and strategy and it would be better if you dont spend all your capital start with small amount. Then if you're already aware of what to expect you can choose whether to become a day trader or not.
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November 14, 2019, 09:13:04 AM
 #53

The first step you need to take is to get to know bitcoin more deeply, and learn well the properties of bitcoin and its risks.
and if you want to trade with bitcoin, you must also have knowledge about trading and must learn to control yourself and discipline when trading and don't be shy to ask experienced people and besides find the best source of information anywhere before you do it and Choose the best time and right price to make a purchase.
and to get started you can learn by watching tutorials on YouTube and guidebooks and ways to trade, and there are many other ways to start and learn about trading depending on your efforts and hard work.


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November 14, 2019, 10:37:05 AM
 #54

I got started trading by watching a few videos on technical analysis on Youtube. Learn things like Bollinger Bands, RSI, MACD, ETC., I'm almost certain that after just a few minutes, you will have enough known to at least get you started. Don't pay for any courses or anything on trading. The information is all out there already and completely free on everyone's favorite video platforms.
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November 14, 2019, 11:25:23 AM
 #55

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  Wink
2 BTC? no, please. Don't do this if you don't want to be stressed or depressed for a long time. because new traders often have account fires up to 95%. We need to use small capital to practice our trading skills and risk management skills. You even have to do it continuously for a few years and keep a journal to gain experience for yourself. Don't use capital that is too large at first, you will regret it.

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November 14, 2019, 02:49:25 PM
 #56

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  Wink

If you don’t know anything about trading, I suggest you just HODL for now and learn more about trading. Or at least start out very slowly because it’s easy to lose a bunch of money when you panic buy or panic sell because of a bad decision.
wxa7115
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November 14, 2019, 06:21:55 PM
 #57

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  Wink
As you do not have any kind of experience when it comes to trading I can say to you that it is a bad idea to try to become a day trader and to use such a high capital, try to make longer trades and at most only use 10% of your capital, your first weeks and months as a trader should be dedicated to learn as much as you can, so at the beginning you should not expect to get any profits, if anything if you can break even you should consider yourself lucky.

This may seem weird after all our goal when it comes to the market is to make money but before you learn how to make money in the markets you need to learn how to not lose it and that can only be done by exercising money management.
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November 14, 2019, 07:43:56 PM
 #58

Trading with 2bitcoin is huge sum of money and that can earn you good profit if you are smart in trading but since you are new in crypto Currency trading I will advise you to spend more in learning trading with a small amount of money till when you can consistently make good profit from your trading at the end of the day before you put huge sum of money.
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November 14, 2019, 10:25:14 PM
 #59

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  Wink
2 BTC? no, please. Don't do this if you don't want to be stressed or depressed for a long time. because new traders often have account fires up to 95%. We need to use small capital to practice our trading skills and risk management skills. You even have to do it continuously for a few years and keep a journal to gain experience for yourself. Don't use capital that is too large at first, you will regret it.
Same situation that do happen to me when im starting up on trading.It might not be similar of  2 btc but that was a 1month salary of my day job being used since
i got hyped too much on how to make money out of trading without even knowing the accompanied risk behind.Until i lost up those funds on a short period of time
then thats the time realization happens.You wont learn if you wont experience but it isnt really necessary to experience before you learn yet you can avoid it
as early as you can.As suggested by most people it isnt really ideal to start up with that big amount hence we can start to learn even on few minimal amounts.

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tenakha
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November 14, 2019, 11:04:49 PM
 #60

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  Wink
If you are unfamiliar with trading, do not think about investing previously. Do not think profit as running water from the faucet. To make profit, you should gather information thoroughly, and once you have gotten that information, you should gain experience by experimenting with small amounts of money. Once you are ready, you can invest as much as you want.
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