How To Go About Crypto Trading For Newbies.

[Boov]

Hello,
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.

For newbies who had no proper idea, always let them be aware that trading needs capital. It serves as their investment on purchasing potential coins which soon  reach a profitable value in the marketplace.
This isn't easy for us to guide the nobs, so it's better to educate them the basics about trading same with how you learn from the start. Taking small amount as capital would be good for them to begin trading.

[Kelvinid]

Don't get excited to know to trade as it will surprise you how hard it was. Mind for you to go for holding first and while doing that you can make some searches about trading, then if you have enough knowledge and capital, it could be the time to start learning about trading. You don't need to rush yourselves in this volatile market because the more you are doing this the more you will fail. It should be one step at a time and keep your decision be smart as possible.

[Cindella]

Newbies entering the field of cryptocurrency should not rush to trade, first learn a lot of knowledge about cryptocurrency. There are many threads and topics about cryptocurrency trading on this forum, and you can search for things you want to know. Study and learn to choose safe exchanges and the errors that many investors are prone to when investing and trading. According to market trends and indicator analysis, develop suitable investment strategies to avoid more problems in subsequent transactions.
For Newbies, short-term transactions have greater risks. Diversified investment and long-term investment in Bitcoin are good investment strategies.

[zanezane]

Learn the basics/fundamentals first, practice your way to trading to gain experience in the field through paper trading, take your time when it comes to learning and gaining experience with trading because you need all the knowledge and experience you can get when you get into the real deal.

[Silberman]

The simplest method is obvious, you need to watch youtube videos to become good at trading, but you will not be getting good at it just yet, you will learn how the good ones are doing. If you like to read then read, if you like to watch then watch, if you like to listen then listen because all kinds of studying is available for people who learn anyway they feel comfortable with.

After you "learn" how they do it, then you open a demo account somewhere to test for free, and you start to trade according to what you learned, if there is a big loss somewhere you go back to your learning and see what you did and what you should have done and what's wrong, sometimes nothing is wrong and you were just unlucky but still check it and learn from the mistake. When you do all of these for a while, then you can start with small amounts and depending on your results could grow bigger and bigger. Simple as that.

To this I will add that you need to verify the nature of the information that you are receiving, I say this because nowadays anyone can open a YouTube channel about trading and talk about all kind of strategies that you can implement in the markets and you can easily see they do not know what they are talking about, but this only becomes obvious once you know how to trade, so there are a lot of newbies learning from videos that are given completely mistaken information and they have no way to know this is the case until it is too late.

[Zilon]

Newbies shouldn't risk their funds when the don't have the knowledge yet. Capital is a big factor in the Crypto business but knowledge is a prerequisite and an indispensable toolkit to make it in the business.

From experience even long standing investors, traders and speculators lose huge funds in the business this is just to point out that capital isn't just enough to make it in crypto the knowledge will help reduce your losses and will help point out when and how to avoid further loss

[Twinkledoe]

Newbies shouldn't risk their funds when the don't have the knowledge yet. Capital is a big factor in the Crypto business but knowledge is a prerequisite and an indispensable toolkit to make it in the business.

From experience even long standing investors, traders and speculators lose huge funds in the business this is just to point out that capital isn't just enough to make it in crypto the knowledge will help reduce your losses and will help point out when and how to avoid further loss

Crypto is a different market. Each alt has their own market performance, this is why it becomes too difficult for beginners because each coin has their own market trend, some may follow btc performance but most of the time some are not. For small market cap coins, usually, the market performance depends on what the dev team is doing to their project, are they developing to its full potential or just after for the money that they will get from buyers?

[lienfaye]

Hello,
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.

There are many articles and videos out there for trading tutorials if you really want to learn on how to trade, you just need to exert some effort to find it. Learn the basics from the wallet to use, choosing an exchange and the coins that you're going to invest in. Fill your mind with knowledge because that's a way to better understand trading and the risk associated with it. Either trading or investing, remember to timing the market for best result.

[wahyu wida]

Newbies shouldn't risk their funds when the don't have the knowledge yet. Capital is a big factor in the Crypto business but knowledge is a prerequisite and an indispensable toolkit to make it in the business.

From experience even long standing investors, traders and speculators lose huge funds in the business this is just to point out that capital isn't just enough to make it in crypto the knowledge will help reduce your losses and will help point out when and how to avoid further loss

Crypto is a different market. Each alt has their own market performance, this is why it becomes too difficult for beginners because each coin has their own market trend, some may follow btc performance but most of the time some are not. For small market cap coins, usually, the market performance depends on what the dev team is doing to their project, are they developing to its full potential or just after for the money that they will get from buyers?

every crypto does have its own market, especially for new projects which are still difficult to analyze, and in crypto it cannot be separated from price manipulation, coins that have a low market capitalization will certainly be easily manipulated by whales, or even the developers themselves. therefore trading on a large market capitalization, will give us security from price manipulation

[checkmatesir]

Everyone knows that trading need capital whether some people start with small capital or other people start their trading with having a big capital. But the main thing in trading is your strategies or a trader's strategies. So, it would be important for every newbie to start with a small capital and gain his potential.

[Sweetbtc]

First of all before the start of your trading, you need to have a capital in your account whether you want to start with a small capital or with a big capital. It depends upon you but if you are not that much best trader and didn't have much knowledge about the trading. As trading needs constant attention and concentration of every individual.

[jostorres]

I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.

Right now is a bit of a difficult spot to start for a newbie, I would say wait until the dust settles so that you could start trading properly. After all crypto is not something known to be calm and collected, it is a volatile thing but right now it is even more than usual. If you see bitcoin price being within 10% for a whole week, then it is time to buy, doesn't matter if it falls or goes up, if it is stable that is all we want. After that you can start trading, of course there are million things to learn about it, but the simple one is when the price crashes like it did recently, then you should buy, and when it goes up more than 20% then you should sell. Keep doing that because it happens many times a year and that will be your whole profit.