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Author Topic: How to start trading with 2 BTC? What is the first step?  (Read 1269 times)
leavolnhals
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November 15, 2019, 04:09:01 AM
 #61

to avoid a big loss, you need to allocate your capital appropriately and try trading your first $ 100 in 3 months. Test out all types of transactions and pick out the models that you feel best and understand them the most.
Those factors will help you increase your odds of predicting a trend or reversing, leading to greater profits.

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November 15, 2019, 05:25:03 AM
 #62

Yes, there are traders who will charge you for help and basics of trading. But "professional"? I dont think so.
There are no professional traders, they are just more experienced. There is no certificate for being a lucky trader.  Grin
Start low, try to feel the rhythm of movements and prices.
Try it first with just one pair. Pick one. Try BTC/USDT pair, that way you will just be looking at the movement of BTC because USDT wont move at all.
If a mistake is done then learn from it.
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November 15, 2019, 09:27:31 AM
 #63

I say that is a lot of money to wager in trading.
Start low maybe?

It will be a mess if you will do it in an instant besides, you still have not much idea of what is going on.
Youtube might help but those are just the basics.
Try reading more in this forum in the same discussion then you could see some good story and experiences.
It will help a lot.

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November 15, 2019, 12:15:02 PM
 #64

You are too aggressive despite you are just a beginner in trading, I suggest you reduce the amount you risk as most likely you will make more bad decision at your early stage. The fact that you are asking basic questions, I can only think that your 2 btc is at high risk if you are not considering on reducing your starting amount in trading.

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November 15, 2019, 03:52:20 PM
 #65

There is really no difference between starting with 2 bitcoins or 0.1 or 10 bitcoins or even 100 bitcoins.

The first order of business is to decide what you really want from trading. If you want to make a billion dollars, get your 2 btc and leave now, right now, run away. If you are smart and know that you just want to beat the market and that is the biggest challenge and may not even happen, that means you should at least try to beat the market but may fail so don't worry.

Secondly your most important weapon in trading is the news cycles going around and what people react to it, if you see a lot of reaction towards a coin doing something negative that means there are whales going around doing something that the community doesn't but the community is weak to stop it, stay away from those coins.

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November 15, 2019, 05:00:20 PM
 #66

You are too aggressive despite you are just a beginner in trading, I suggest you reduce the amount you risk as most likely you will make more bad decision at your early stage. The fact that you are asking basic questions, I can only think that your 2 btc is at high risk if you are not considering on reducing your starting amount in trading.

yeah learning from experience, bringing 2 BTC is very big for beginners, especially not understanding about basic trading is very risky. even I who have long played trading sometimes still often lose by bringing 1 BTC. better try with a demo account, how the results he can get. if you want to learn, at least you look for close friends who can be trusted, because if not, there will be many people who use you.

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November 15, 2019, 05:21:49 PM
 #67

You are too aggressive despite you are just a beginner in trading, I suggest you reduce the amount you risk as most likely you will make more bad decision at your early stage. The fact that you are asking basic questions, I can only think that your 2 btc is at high risk if you are not considering on reducing your starting amount in trading.

yeah learning from experience, bringing 2 BTC is very big for beginners, especially not understanding about basic trading is very risky. even I who have long played trading sometimes still often lose by bringing 1 BTC. better try with a demo account, how the results he can get. if you want to learn, at least you look for close friends who can be trusted, because if not, there will be many people who use you.
am agree with your sight,,for beginner start trading with 2 bitcoin was too risky. We should not careless with this amount,for some people its sama with their trading result for long time. Its very unfortunate if we gambling this much of money info something that we dont understand at all on its inside . if we have this money someday,maybe starting with huge amount could be avoided of we will loss and feel regret later.

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November 15, 2019, 08:06:10 PM
 #68

I don't think it will be a good idea if you're starting directly to trade with this High amount of money while you're not into this field before. You should just lower this amount alot and just start with q few bucks to at least get some knowledge how to maket moves. but before even trying you should read some articles about trading and the methods of it. I'd recommend you to take a look at some topics related to this field aswell as starting with a low amount of btc instead of 2 bitcois. Hope you'll gonna do well.
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November 15, 2019, 11:08:17 PM
 #69

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

First thing you need to do is learn the basic principles of trading since you are newbie in trading industry but you want to start with a high amount of capital its better to start with a small one then familiarize your self on how to open order, take profit and put a stop lose then after learning the basic proceed to advance on how to read candle, chart and how to use indicators.

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November 16, 2019, 01:44:03 AM
 #70

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
First thing first, learn everything you need to know about the basic of trading. You could find them on google, in the forum, books or watch some videos, or if you have a friend that could give you guidance, it'd be better. And with 2 Bitcoin is quite the sum of fund you have there. Just, always remember, there's always risk no matter what strategy you choose. I can say that 2 bitcoin isn't something you're willing to lose just like that if you ever lose it in the process. So, use a little funds first. You need to  get the gist of trading first. And about which one between daily or long, you'll find the answers in the forum, we have a bunch of them threads all over here.
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November 16, 2019, 03:39:30 AM
 #71

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?
Look and try to understand the basics of trading first. Set your plan, invest what you can afford to lose, and lastly discipline yourself. In addition, 2 BTC were too way big for a fund, diversify it, or just cut some little piece of it.
Quote
where to learn the basics? some good books?
The internet is enough for you. You can gather alot of infos here in forum, youtube, and google.
Quote
how much profit can i expect daily in the beginning?
Depending how you do the trading. Sometimes you won't get any in return.
Quote
How to avoid major loss?
Imbibe knowledge, and discipline as well.
Quote
is there any professional traders that allow to follow their trades and they charge some fees for it?
You can see alot here in forum mate. Explore it.

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November 16, 2019, 01:59:45 PM
 #72

The capital you have is good and better for you to be careful when you buy a coin because 2 bitcoin is very high amount of money. You can start day trading if you want but you need to know the basic learning of trading to not do any mistakes to avoid losing money on day trading. You need to consider a lot when you enter in trading best of luck to your journey do your best to grow your bitcoin.
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November 16, 2019, 03:53:05 PM
 #73

The capital you have is good and better for you to be careful when you buy a coin because 2 bitcoin is very high amount of money. You can start day trading if you want but you need to know the basic learning of trading to not do any mistakes to avoid losing money on day trading. You need to consider a lot when you enter in trading best of luck to your journey do your best to grow your bitcoin.
Almost advise had been given, also important that we can share is never start to invest without knowing anything in crypto. Also know the risks in crypto, gain knowledge first as we know the market is unstable. Indeed the capital is big amount and the best to do once already know how to trade is start with small funds and if ready diversify the investment into good coins.
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November 17, 2019, 02:19:12 PM
 #74

I'm sorry for discouraging you but you are like playing with fire in starting cryptocurrency trading. Having said this, I advise you not to proceed with it starting with 2 BTC. You need to know more about the starting knowledge, the most fundamental of terms, and the most basic moves in cryptocurrency trading. Save your 2 BTC later on when you are already good in it. Start with the basics first.

MEGA

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davinchi
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November 17, 2019, 04:35:57 PM
 #75

Trading is not so easy as people make you think man, and you really need to be very full of knowledge about it and I must tell you that the best way to get some education, I mean basic education is going to be for you to go on YouTube, all the resources that you have are already there and many people would train you like you are in the class, it is just that you have to really research on the ones that is going to simplify the tutorial for you because not everyone you see have a tutorial on the age knows how to teach, some of them are just trying their best just to make you tube money while some of the do put passion to it.

Aside YouTube, there are some books called crypto trading for dummies on the net which you can get from Google, and finally, you still need to look for a live mentor around you which you can get from your area.
Hamphser
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November 17, 2019, 05:44:06 PM
 #76

I'm sorry for discouraging you but you are like playing with fire in starting cryptocurrency trading. Having said this, I advise you not to proceed with it starting with 2 BTC. You need to know more about the starting knowledge, the most fundamental of terms, and the most basic moves in cryptocurrency trading. Save your 2 BTC later on when you are already good in it. Start with the basics first.
I agree! People need to do their own research first and try applying it on the market. But of course, it won't be that easy as you think so you might wanna practice it first on a virtual machine that simulates the market movement and then try applying it on the real exchange. But first you have to choose what strategy you have to use in order for you to gain the desired profit.

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barota
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November 17, 2019, 07:01:33 PM
 #77

starting trading ; how? if you have skill before; in this market by looking to the situation of altcoins ; i think you know that bitcoin is the only legit investement . i advice you to hold your bitcoin for long term and not for short term ; and for sure you can get lot of profit in the future
if you are new in electronic money ; you must aware from lot of sites exchange bitcoin when you want buy bitcoin with usd.in thhis case i advice you to use binance.com
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November 17, 2019, 08:43:04 PM
 #78

First of all you have to realize that you're already trading because you have a market position. You bought 2 BTC which mean you have a long! This is very important for you because you already are invested whether you like it or not.

The second important thing is realizing that you have a long in a bear market. Bitcoin has lost 10% in the last month so you're down 10% already before you even start trading. Do you really want to exit your long now when we might be at the bottom of this correction? Trading is difficult and newbies get rekt.
Realroy
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November 18, 2019, 04:37:23 AM
 #79

First of all you have to realize that you're already trading because you have a market position. You bought 2 BTC which mean you have a long! This is very important for you because you already are invested whether you like it or not.

The second important thing is realizing that you have a long in a bear market. Bitcoin has lost 10% in the last month so you're down 10% already before you even start trading. Do you really want to exit your long now when we might be at the bottom of this correction? Trading is difficult and newbies get rekt.
exactly what i wanted to say. you are already into trading bitcoin, you should've started planning the moment you bought those 2 BTC. but, it's never late to start. better start small, don't risk all of those 2BTC.
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November 18, 2019, 10:46:03 AM
 #80

You mentioned that you are Newbie in trading. So my suggestion is don't invest all your btc in trading. You can hold 1btc for future.use 1btc for trading. This technique will be helpful for you. To learn trading you can read this section. Also try to watch video about trading.try to trade only top rated coin to avoid huge loss.Also don’t invest all of your btc in one altcoin.                 

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