Newbie in trading cryptocurrency and forex

[Baby Dragon]

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.

Trading is speculative, it requires a great deal of persistence and exertion to learn different information that will upgrade your insight. The outcomes of your trading depends on the trader itself, on how he will deal with his trading, on how he will settle on choices and activities. It just implies that everything will be pointless if the trader isn't determined. Do your own study, it will help you easily comprehend various of information. Simply analyze that it is risky and sometimes your trade won't end up great however don't let it be a hindrance on you accomplishing your specific objectives, learn and utilized your experiences as guide and it the results will be acceptable.

[magnum cyber]

First, you need to understand in advance about trading risks, because most beginners are tempted to get big prizes from trading without having knowledge about trading. my advice you have to read a lot, study the movement of price charts, to start not using big money, do it in large exchanges & have a high volume, and it is important you always have to monitor the coins you trade so as not to lose a golden opportunity to sell.

[tbterryboy]

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

What exactly do you want to do, Cryptocurrency trading or forex trading, because you mentioned the both of them? They maybe similar to each other since both involves trading of currencies, but there are still some differencesbetween the both of them.

Forex has stability unlike cryptocurrency that is volatile. The good thing about the volatility of cryptocurrency is that you can take advantage of the small differences in exchange. There’s still more differences, it’s up to you to do some research on the both of them and know which one would be better for you. There is also option trading.

[Omega Weapon]

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

You are suffering from information overload, there is so much information about trading on the Internet that you do not know what to believe, but you do not really give an example of what is the source of your confusion, so it is impossible to answer your question, however be very careful there are many scammers out there selling systems that supposedly win 99% of the time and when you actually try those systems the accuracy rate is nowhere near to what their creators claimed.

[minairia3]

I have the same question but dont trust anybody.. I also did search what are the needs to be able to do trading and all the aspect to learn in order to be a good trader. All of users here are saying all the feedback you need. Actually when I first try it, dont even know how to use exchange but as I keep trying and doing it all the knowledge needed just sync in. Try it all first and the things you dont understand upon doing it thats the thing you can ask here. If its not so complicated yet then just use Google anything is there I believe.

[Farma]

actually, in trading, especially crypto, you need to determine the exchanger where you will trade. many trusted exchangers such as binance, kucoin, huobi, and many more. Before you begin, decide where you will do it. after that, you need to determine the type of coins you will trade, such as bitcoin, ethereum, BNB, and others. It is strongly recommended to choose the top altcoin or trusted altcoin for now. after those two things are good enough, you need to minimize the risk by trading at a minimum, it's because you just started. after that, you just need to prepare yourself for all the risks that could happen. if you do, you will get used to trading, because the experience is the best teacher.

[shoreno]

I have the same question but dont trust anybody.. I also did search what are the needs to be able to do trading and all the aspect to learn in order to be a good trader. All of users here are saying all the feedback you need. Actually when I first try it, dont even know how to use exchange but as I keep trying and doing it all the knowledge needed just sync in. Try it all first and the things you dont understand upon doing it thats the thing you can ask here. If its not so complicated yet then just use Google anything is there I believe.

your only show that you are independent and you can learn things on your own which is good because you are not lazy and you dont spoon feed your self  . whats more better is that you are free from getting tricked/scammed because scamers and thieves tend to victimized newbies  because they provide guides and other promising words to make you follow them   . also complicated things are i think more searchable on google because google can show you many results while here , this is only a one site but other users here do also use google to help you out  .

[olabsd]

Hello everyone. In my opinion, much these days depends on reliability and practical value of each concrete idea. But what makes much sense - some aspects that stay for new trends. For example, I am pretty disappointed by more attacks on leading exchanges and thus interested in new strategies here

[jetskur]

Hello everyone. In my opinion, much these days depends on reliability and practical value of each concrete idea. But what makes much sense - some aspects that stay for new trends. For example, I am pretty disappointed by more attacks on leading exchanges and thus interested in new strategies here

Morning there. You are absolutely right. But are there any alternatives right now? I mean is there any particular strategy you are switching to? Anything you can share here?

[olabsd]

Morning there. You are absolutely right. But are there any alternatives right now? I mean is there any particular strategy you are switching to? Anything you can share here?

Interesting question. I would say that the only alternative is usage of hardware wallets. But in here, of course, you should be choosing the most advanced solutions only

[jetskur]

Interesting question. I would say that the only alternative is usage of hardware wallets. But in here, of course, you should be choosing the most advanced solutions only

Generally, yes. At least I cannot think of something more rational. But you know, talking more on hard wallets, I tried to find unique solutions several times and what I have noticed - it is not very simple to find impressing ones. They are all more or less similar

[olabsd]

Generally, yes. At least I cannot think of something more rational. But you know, talking more on hard wallets, I tried to find unique solutions several times and what I have noticed - it is not very simple to find impressing ones. They are all more or less similar

I was also thinking so and that's why I conducted many researches. Basically, the most advanced and attractive solution I have found is GetHashWallet. Guys are bringing easy to use product that is arrow certified and available for sale, so everything can already be tried out. Moreover, they had crowdfunding on Indiegogo, it brings higher confidence for me too. And I definitely recommend you to have a look at their website to have a better understanding

[jetskur]

I was also thinking so and that's why I conducted many researches. Basically, the most advanced and attractive solution I have found is GetHashWallet. Guys are bringing easy to use product that is arrow certified and available for sale, so everything can already be tried out. Moreover, they had crowdfunding on Indiegogo, it brings higher confidence for me too. And I definitely recommend you to have a look at their website to have a better understanding

So far for sure sounds interesting, let me also have a closer look at the solution and get back with my thoughts

[Stanlo]

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

I've asked this question severally on this forum and I can't find a single straight answer, its risky they kept saying, there will be gains and losses, that's the fact, my own way of trading is buying when bitcoin is down and wait for it to rise and I will sell again and rebuy when its down

[sana54210]

I have the same question but dont trust anybody.. I also did search what are the needs to be able to do trading and all the aspect to learn in order to be a good trader. All of users here are saying all the feedback you need. Actually when I first try it, dont even know how to use exchange but as I keep trying and doing it all the knowledge needed just sync in. Try it all first and the things you dont understand upon doing it thats the thing you can ask here. If its not so complicated yet then just use Google anything is there I believe.

your only show that you are independent and you can learn things on your own which is good because you are not lazy and you dont spoon feed your self  . whats more better is that you are free from getting tricked/scammed because scamers and thieves tend to victimized newbies  because they provide guides and other promising words to make you follow them   . also complicated things are i think more searchable on google because google can show you many results while here , this is only a one site but other users here do also use google to help you out  .

There already are a lot of people sitting out there with evil minds just waiting for newbies to trap themselves with them. They might promise extreme higher profits which usually attracts the attention from newbies and that is what makes newbies to invest some amount with those scammers.

At the end, those newbies keep on cursing the cryptocurrency markets only because of few scammers. So to make our own research and use google as our teacher would be a best suggestion for now in order to minimize your risk and maximize the profits. Even if you move onto direct trading than you can find a number of good dips and peaks which would give you instant profit. Try to follow such smaller movements which would make you gain some experience and then you can move onto more professional ways of trading.

[TheGreatPython]

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

You need to stay focused if you ever want to move onto trading. Trading would require a lot of skills and you would also need to learn a lot of new things which would make it easy for you to understand the graphs. You need to get closer to the trading charts and patterns in order to start practicing trading. Trading might seem a profitable mean to earn profits but it could also bring a lot of risk along.

You need to have proper risk management which would not make you land in excess loss. You must learn to be patient because it is what will make you earn profits. The markets are much volatile which might instantly make you earn a decent amount of profits but at the same time you can even face loss if the market moves in opposite direction.

[thesmallgod]

Since you want to trade, I suggest you first learn how to trade by familiarizing yourself with different trading techniques and options and the pros and cons involved in trading. There are many ebooks that provide a detail explanation about crypto trading. You can check some of the topics I created about some free cryptocurrency ebooks. I Know most people like you always want to go to coinmarketcap to get a list of exchange platforms but I will also warn you to be careful. Always seek for further help regarding any exchange platform you intend to trade.

[judaspriest]

You are free to think about what you want to do with all this. everyone has the right to choose what they will do later. If you choose the right thing then a great profit will come to you.

that's not a good suggestion, it's good if a newbie doesn't spend a lot of capital to first trade, this is from my experience, I lost $ 500 in trade, and I think it is necessary to have knowledge, yes you can do it slowly

[RealMalatesta]

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

I've asked this question severally on this forum and I can't find a single straight answer, its risky they kept saying, there will be gains and losses, that's the fact, my own way of trading is buying when bitcoin is down and wait for it to rise and I will sell again and rebuy when its down

No matter how many suggestions you would get but it entirely would depend on yourself about which trading strategy you want to use and how do you want to have profits. Even in trading, there are a number of ways to earn profits. There also are various kinds of trading which includes spot trading, margin trading, futures trading, etc and it would entirely depend on yourself about which trading you want to select to start gaining profits.

I would suggest you to go for lower risk trading which is spot trading. That is the same you are currently doing. But perhaps the profits you would be getting in spot trading with bitcoins might be much lower and in order to start increasing your profits you can move onto some other potential coins who have lower price but higher volume.

[leatutz]

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

Not quite clear to me by forex suppose instaforex or bitforex. As far I know instaforex is offering 5K USD to start and understand trading, those USD isn't original. Only market bad situation could lose you, otherwise trading always profits for everyone. It's hard to believe but make a research for long time, it's very easy.