Help with trading tips

[bitkilo]

I would like to start trading altcoins, bitcoin in paticular. Can anyone give me tips on best place to start and some sites you use to trade, thanks

[Sharky444]

You should search twitter for altcoin trading.

[wenben]

Check out all the exchanges and volume to see which one is suitable for you.

The main one are: bitstamp, btc-e, bitfinex

Alt coin: crypsy, btc-e, poloniex

[DavidHume]

One of the best advice I received for trading is "let your winner run and cut your losses early".

[Mobius]

I think that altcoins are very speculative. If you decide to trade them you should understand that you are speculating. It is also important to note that a lot of people try "pump" altcoins that they own so you should take everything you read with a grain of salt.

[trade-for-pokermoney]

What is your goal? Just do it for fun, or do you want to do it seriously?

If for fun: just set aside an amount you are willing to lose and then read a bit about the coins, and then choose.

If serious: Start by reading technical analysis literature and fundamental literature.

[TheGull]

Key place to start is to work out what you are willing to lose and then to understand your risk/reward appetite. The cardinal sin in trading is risking more than you can afford, a problem which is more likely to occur if you have a few wins early and get over confident.

Next, have a clear plan of when to take your wins and when to cut your losses. It is often tempting to just let losses run but it rarely works out well.

Finally, work out how and where you are going to play. There are a few ways to do it, specifically with or without leverage (a few different platforms offer leverage, including ours, but even these work in different ways (we have no margin calls and capped losses for example)) and using only longs or going both long and short.

Posted From bitcointalk.org Android App

[titulng]

BTC-e, and no second choose

[bitkilo]

What is your goal? Just do it for fun, or do you want to do it seriously?

If for fun: just set aside an amount you are willing to lose and then read a bit about the coins, and then choose.

If serious: Start by reading technical analysis literature and fundamental literature.

Just a bit of fun to start with, see how i go then decide.

[FelixOliver]

First, forget all exchanges that have been mentioned. They are all irrelevant (except, stamp, finex, btce)

Go and join Bittrex. Study the market, find non-random patterns... confirm/re confirm these patterns.. then begin trading

Discipline is key.. People are getting hammered left right and centre due to greed.

[SecureErase]

I would like to start trading altcoins, bitcoin in paticular. Can anyone give me tips on best place to start and some sites you use to trade, thanks

CEX have started a regular blog on trading related topics, worth reading http://blog.cex.io/successful-trading-with-cex-io-trading-psychology/

[gmx95]

There is so much trading resources that it is hard to choose the right one. Everyone has to decide for himself what is best. Successful traders have a touch, they can feel when is the right time to buy or to sell.

[Trade-Winds]

I would like to start trading altcoins, bitcoin in paticular. Can anyone give me tips on best place to start and some sites you use to trade, thanks

Bit of self promotion  but my Crypto Trading Diary thread might be interesting for you https://bitcointalk.org/index.php?topic=743940.0

[Nawaytes]

altcoin trading is unpredictable different with forex,
not ust analyst the market also think smart when you will buy or sell,
and always learn by mistake

[whoknowsthisnose]

Who is as a trader or trodler on the go at exchanges, will get caught sooner or later: A problem occurs. Failed withdrawals/deposits, false balances etc. are every-day-events.

Then you need support and find that there are large differences in the quality of support. This has motivated me to open a thread "quality comparison of the exchanges' support":

https://bitcointalk.org/index.php?topic=743446.0

I want to encourage all of you to report your experiences with the support of the exchanges, as a helpful support for other user and inspiration for the exchanges.

[soccosocco]

altcoin trading is unpredictable, I usually find the info via twitter and from here

for BTC i use btc-e and bitstamp

for Alt coin i use  bittrex, btc-e, poloniex

[bitkilo]

I signed up to bitcoinwisdom just to watch the movement and see what some alt coin are trading at but haven't really worked out what i can do by signng up, is this a trade site?
Also whats the minium amount i can invest in trading to have fun and learn, could i just play with $5 buying a few cheap coins?

[tee-rex]

I signed up to bitcoinwisdom just to watch the movement and see what some alt coin are trading at but haven't really worked out what i can do by signng up, is this a trade site?
Also whats the minium amount i can invest in trading to have fun and learn, could i just play with $5 buying a few cheap coins?

As to me, trading in altcoins is rather a matter of luck, so I doubt you will learn anything from it (you could just as well try playing at some online casino). Otherwise, with just 5 dollars you can hardly do anything. I'm talking about stock and futures markets where you can actually get valuable trading experience. Just my 2 cents.

[Coinfan]

People that think trading is a matter of luck or completely unpredictable, have to study a little more the subject.

There are coins so predictable that trading them is like having money on a deposit with amazing interest rate. You just have to look for them.

Of course, bitcoin isn't one of those coins.

[Mieehayii]

I also recommend BTC-e, its an altcoin exchange, so best not to trading bitcoin on BTC-e.