Newbie in trading cryptocurrency and forex

[Ridwan Fauzi]

Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step

First of all move this thread to this board https://bitcointalk.org/index.php?board=8.0

You will get many useful knowledge there, because there are some people who just focus on trading and never try to open the altcoin board.

Also, if you just new to cryptocurrency this board https://bitcointalk.org/index.php?board=39.0 is highly recommended for you because you have to know cryptocurrency is not about currency or profit only. There are many thing especially how to avoid several things that will fall you later.

[Doranile432]

Once upon a time i never knew the difference between binary trading and crypto trading, in fact i used to think they are the same until i tried out both and came to understand that binary options are very risky compare to crypto trading

[carter34]

Once upon a time i never knew the difference between binary trading and crypto trading, in fact i used to think they are the same until i tried out both and came to understand that binary options are very risky compare to crypto trading

Binary is more like the beast of them all for the reason that it can dive to a direction and stay that way for a longer time that is the fear of it. But if you are on the winning side, you are sure to keep smiling.

[Zionatin]

Faucets friend faucets. People who know nothing like to say they a worthless waste of time. They are great educational tools and way to get small amounts of crypto. Btw you can actually get a decent amount with enough referrals but that only appeals really to site owners and people who already do affiliate style marketing. With faucets, you learn about transactions. They all very small so making a mistake on a micro wallet trascantion will cost you nothing. When you have a sizable amount you can deposit on the exchange and trade for real. Learn how to trade through faucets its the best way. You don't need anything to invest and if you lose all you lose is your time which is not true since you gained knowledge. Good luck.

[lousie9]

there are many tutorials about trading for beginners in several sources such as Google, Youtube, Articles, etc. there you can learn that. but you need to remember in advance that trading is high risk and no one can guarantee you fully. my advice, you need to do it on your own belief. use the source as your reference material.

[zenhu]

First thing that you must learn about trading is how to transaction in the market, then you can learn about how candle stick run in the chart. This is the most difficult thing, many people have loss on their money because don't know how to read candle stick. Don't think you always get profit when you're trades, you must learn about money management as well. If you want to be forex trader, just go with demo account first until you master on it.

[Mianae]

The first rule is not to trust anyone out here. To become good with trading or anything cryptocurrency requires persistence and consistency. You must be prepared to read, watch videos by experts and above all trust your self to make right trade decisions. Don't depeeon any call from anywhere be it a paid group or a twitter guru.

[mbakruroh]

First you need friend and you can get it in broker forex community or crypto trading group, get the expert and take his experience. You can't do by your self, as newbie have friend as sharing partner and expert opinion really needed. Second thing is try the demo account to understand tools ( indicator ) and market direction. Do it slowly but sure because you can not play with your money.

[Rcoinmoon]

My brother I would advise you not to go close to trading if you are truly a newbie as you claim until you understand how it works

[asyakashi]

You will not find real knowledge about trading. You have to start then you will find the best way to benefit. I suggest to continue to try and analyze the market.

[bitgolden]

Trading is hard for beginners and there will be panics and fears, find a good top exchange like huobi or binance and use one of the best coins out there which is bitcoin for your trading, some trade once a day and other multiple times in a day, the only one that works for me is buying when bitcoin is down and selling when price recovers

You can find a number of such pumps and dumps as you mentioned in a single day and that might be something which makes most of the traders to trade multiple times in a day. Even I am among the traders who would like to trade with the price manipulations multiple times in a day.

The high volatile markets opens doors for immense profits and once you gain enough experience, even you could start trading with multiple coins or a trading multiple times with a single coin each day. These kinds of trading strategies might be riskier but would give you immense profits. Choosing an exchange would be the first and foremost thing for OP to do first and I am sure, he/she would only trust the exchange which already is popular.

[setialovers]

Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step

Forex or cryptocurrency in my opinion can use the same technical analysis. What's different between forex and cryptocurrency is the regulation of the government. Forex is known as a money market that is played by banks around the world while cryptocurrency is more dominantly played by individuals or speculative companies

[el kaka22]

Well, you can take advises from the biggest traders in the world that has already achieved that success. Peter lynch, warren buffet, these are all great names for stock market and not forex but you can get some advice from that which you can apply. There is also social trading where you can check other traders and how they made their money previously without even checking what they are planning to do next either.

So, always check people who already had success and not people who are trying to sell you something about their "program" that they are trying to sell for couple bucks or on some youtube video, if they were any good they wouldn't be selling it, they would be making money anyway without trying to promote their system. People who are good either don't share success while they are working or they do after they retire.

[White Christmas]

Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step

Actually forex is having some seminar in which they are teaching how to learn on forex trading in which it is a big opportunity for you to learn on a veteran when it terms of trading, but the thing is there is a payment with the teachings that they are talking about and you really need a money in order to learn from them, but there is also an alternative way on how to learn and it is by watching youtube in which it really helps you a lot on how to trade. Actually it is really hard to say on how you will trust in this cryptocurrency so It would probably hard to answer that question, because in my case I don't trust anyone when it talks about money and all I am trusting is myself.

[key4co.in]

Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step

When it comes to trading, you need to ve calm and confident neglecting any emotional attachments to trades.

Secondly, you can check YouTube or medium for videos or blogs as regards crypto trade n forez trade.

Practice with very small $ and develop in bits, the faster u adjust, the more you know how to trade for profit

Very relevant points made here, a lot of patience is required to be a successful trader. Also, over time I realized that experience will help you become a better trader, with consistency too and steady learning to improve. It's old news to also say greed is a bad factor in trading.

[inoes]

Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step

First of all move this thread to this board https://bitcointalk.org/index.php?board=8.0

You will get many useful knowledge there, because there are some people who just focus on trading and never try to open the altcoin board.

Also, if you just new to cryptocurrency this board https://bitcointalk.org/index.php?board=39.0 is highly recommended for you because you have to know cryptocurrency is not about currency or profit only. There are many thing especially how to avoid several things that will fall you later.

Right. the knowledge you are looking for is basic knowledge so it's better in more specialized subforums.  my advice for the first stage is to learn what is Crypto currency, after that how to get it, after that how to get profit from it

[Joyawan13]

Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step

When it comes to trading, you need to ve calm and confident neglecting any emotional attachments to trades.

Secondly, you can check YouTube or medium for videos or blogs as regards crypto trade n forez trade.

Practice with very small $ and develop in bits, the faster u adjust, the more you know how to trade for profit

Very relevant points made here, a lot of patience is required to be a successful trader. Also, over time I realized that experience will help you become a better trader, with consistency too and steady learning to improve. It's old news to also say greed is a bad factor in trading.

a matter of greed and want to get a big profit that can indeed make us fall and cause huge losses, I myself have experienced it, when I trade and for example when I have gained 20% / 25% I do not want to sell it, because I am not satisfied with the profit, but instead the coins bought eventually go down in price and it takes a long time to raise the price again, so
that greed was my worst experience when trading.

[coinfinger]

Never have a doubt about whom to trust in terms of trading. The most simple answer to this from me would be "trust no-one" in terms of trading. You would need to utilize your own brain in order to gain benefits from trading. There are a lot of newbies who do join the trading markets each single day but majority of them immediately leave the markets if they face loss in their first trade itself. You would need to recover from this.

You should keep on trying no matter how hard loss you face. Always try to start with trading without actually investing your capital. You can try demo trading or paper trading which would be much beneficial for you in order to gain some experience.

[ameliana]

For the first time you trade, I suggest you use the Binance exchange because there are many coin options to trade there and before you start, you can read some tutorials on YouTube or other sites that discuss trading. and it's important to remember for the first time that you have to use small capital so that the risk of loss isn't too great.

[bttmember]

It is very simple, before putting on your real money trade on demo accounts for few months alongside also use google and youtube to learn basics about trading and also learn how to read charts and candles, also i would suggest you to trade on your own and do not give your funds to someone to trade.