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Topic: Advice for Those Who Would Like to Start Bitcoin Trading (Read 1680 times)

legendary
Activity: 1316
Merit: 1000

Just trade with small amounts and find others who are successful, watch the market for a few months and you should start to formulate some profitable strategies.
legendary
Activity: 1750
Merit: 1094
Assalamu Alekum
Hello,

Do you think we can get a link to beginner videos on youtube on how to start trading ?

thanks

Duke

hero member
Activity: 560
Merit: 500
Take advantage of the Internet.
If you have no idea how trading works then there are many useful videos on YouTube/ tutorials on the Internet that can teach you to understand the essentials in order to get started. Due to the similarities between cryptocurrency trading and stock trading, it shouldn’t be hard at all to find a tutorial that can explain candlestick charts and order depths.
It would be great if you can list some good introductory videos and guides to interpret those indicators and chart patterns.
Technical analysis is nothing more than astrology for traders. It pretends to be a science, but it is based on fantasy and nonsense.
Since I apply TA to my trading I finally make profit.

Monkeys throwing darts can make a profit, too. That doesn't mean it works.

Technical analysis is more like a self-fulfilling prophecy IMHO.
When a lot of people believe in it, those traders will act the same way when some "patterns" appear and their action will cause the price to move exactly as what they predicts.

Technical analysis is the key to success in my eyes (if you trade short-term, long-term you must use your mind Cheesy).
legendary
Activity: 966
Merit: 1000
thanks good advice
i want to try trade BTC
just a litlle  Grin
Did you read all the advices or only the first one? There is advice to START WITH ALTCOINS..IMHO it's good advice.
hero member
Activity: 896
Merit: 1000
Take advantage of the Internet.
If you have no idea how trading works then there are many useful videos on YouTube/ tutorials on the Internet that can teach you to understand the essentials in order to get started. Due to the similarities between cryptocurrency trading and stock trading, it shouldn’t be hard at all to find a tutorial that can explain candlestick charts and order depths.
It would be great if you can list some good introductory videos and guides to interpret those indicators and chart patterns.
Technical analysis is nothing more than astrology for traders. It pretends to be a science, but it is based on fantasy and nonsense.
Since I apply TA to my trading I finally make profit.

Monkeys throwing darts can make a profit, too. That doesn't mean it works.

Technical analysis is more like a self-fulfilling prophecy IMHO.
When a lot of people believe in it, those traders will act the same way when some "patterns" appear and their action will cause the price to move exactly as what they predicts.
legendary
Activity: 4354
Merit: 3260
Take advantage of the Internet.
If you have no idea how trading works then there are many useful videos on YouTube/ tutorials on the Internet that can teach you to understand the essentials in order to get started. Due to the similarities between cryptocurrency trading and stock trading, it shouldn’t be hard at all to find a tutorial that can explain candlestick charts and order depths.
It would be great if you can list some good introductory videos and guides to interpret those indicators and chart patterns.
Technical analysis is nothing more than astrology for traders. It pretends to be a science, but it is based on fantasy and nonsense.
Since I apply TA to my trading I finally make profit.

Monkeys throwing darts can make a profit, too. That doesn't mean it works.
legendary
Activity: 3472
Merit: 10611
its a great list of advice, thanks for that. but can you add some links to it for example for the last part you can add links of the websites that contain charts and stuff like that i know of coinmarketcap
legendary
Activity: 966
Merit: 1000
Do not go all in
this is very important  Grin
Gotta highlight this point, invest only as big ammount as you can affort to loose.
legendary
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
Take advantage of the Internet.

If you have no idea how trading works then there are many useful videos on YouTube/ tutorials on the Internet that can teach you to understand the essentials in order to get started. Due to the similarities between cryptocurrency trading and stock trading, it shouldn’t be hard at all to find a tutorial that can explain candlestick charts and order depths.

Cheers

It would be great if you can list some good introductory videos and guides to interpret those indicators and chart patterns.

Technical analysis is nothing more than astrology for traders. It pretends to be a science, but it is based on fantasy and nonsense.


Hahaha, lol.
Since I apply TA to my trading I finally make profit.
Before I did everything with emotion.

Since bitcoin doesn't give a fuck about my emotion TA works much better.
legendary
Activity: 4354
Merit: 3260
Take advantage of the Internet.

If you have no idea how trading works then there are many useful videos on YouTube/ tutorials on the Internet that can teach you to understand the essentials in order to get started. Due to the similarities between cryptocurrency trading and stock trading, it shouldn’t be hard at all to find a tutorial that can explain candlestick charts and order depths.

Cheers

It would be great if you can list some good introductory videos and guides to interpret those indicators and chart patterns.

Technical analysis is nothing more than astrology for traders. It pretends to be a science, but it is based on fantasy and nonsense.
sr. member
Activity: 252
Merit: 250
I do not recommend Bitcoin trading ,especially for the Newbie,because you won't get much profit from it for the stable price,on the contrary,you need to take high risk from trading.


yes agree
trading is too risk for us (newbies) Smiley
legendary
Activity: 896
Merit: 1000
I do not recommend Bitcoin trading ,especially for the Newbie,because you won't get much profit from it for the stable price,on the contrary,you need to take high risk from trading.

hero member
Activity: 686
Merit: 500
fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!
Start with Altcoins.

Altcoins are alternative cryptocurrencies that tend to be significantly cheaper than Bitcoin. Due to the general stable and high price of Bitcoin, any real profits aren’t going to be that noticeable unless you invest heavily. However, with certain Altcoins, investing could lead to a much higher profit.


This is good step for start trading cyrpto currency.

And learn technical analysis and don't just trade on your gut feeling.

That's right.
hero member
Activity: 706
Merit: 500
https://twitter.com/CryptoTrout
Starting with altcoins is a great way to lose a lot of money really quick.
legendary
Activity: 1022
Merit: 1006
Delusional crypto obsessionist

Start with Altcoins.

Altcoins are alternative cryptocurrencies that tend to be significantly cheaper than Bitcoin. Due to the general stable and high price of Bitcoin, any real profits aren’t going to be that noticeable unless you invest heavily. However, with certain Altcoins, investing could lead to a much higher profit.

It depends.
If you're new to trading at all, you should stick to bitcoin.
If you're an experienced trader in other markets, you could go to alts because there are many scams and they are hard to see if you're new.
hero member
Activity: 560
Merit: 500
And learn technical analysis and don't just trade on your gut feeling.
b!z
legendary
Activity: 1582
Merit: 1010
That is a great guide! I would recommend people without experience to avoid spending large amounts of money on daytrading, as there is a very high risk of losing said money. You should always exercise caution and should not trade based on emotion. Also, keep in mind that trading is risky enough to be considered gambling.
sr. member
Activity: 252
Merit: 250
Do not go all in
this is very important  Grin
hero member
Activity: 686
Merit: 500

It would be great if you can list some good introductory videos and guides to interpret those indicators and chart patterns.

Yes, a compilation of a few would be really appreciated. Smiley

Just to get newbies like me started. Cheesy
sr. member
Activity: 252
Merit: 250
thanks good advice
i want to try trade BTC
just a litlle  Grin
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