Topic: advice on trading (Read 270 times)
There are many exchange to trade altcoin like Bittrex, HitBTC, Poloniex. And to start trading i think you should be learn first about technical analysis and for this you can use trading view platform, this platform is easy to use and very interface. To understand some function about technical analysis, how to read the chart and function of some indikator you just google it and looking for on youtube. To learn technical analyisis is important to decide where price level to buy and sell.
Sign up on Poloniex or Binance , deposit BTC , ETH or USDT in than get some tips from experts to make a trade. Don't do it by yourself if you're newbie.
many exchanger you can use for trading,maybe bittrex,poloniex or hitbtc
you can use a little bit of your btc/eth to trading and you must now every altcoin you trade
you can use a little bit of your btc/eth to trading and you must now every altcoin you trade
The first thing you really need to know is to do a lot of research about trading and in what sites are good for trading. You also need to understand gow trading works and all the things needed to know. Basics is just enough if the money you'll be trading is big.
And always keep in our mind to always love what we are doing especially when we want to do trading in our life, trading is not really easy so it needs patience and courage to become successful here. Basic things, trust yourself make sure not to do panic when you are seeing that the price becomes low.
Here are a few suggestions:
1) Use a reputable exchange for trading (Bittrex, Binance, Bitfinex, etc).
2) Trade coins that have good trading volume.
3) Trade coins that have a high market cap.
4) Always buy low and sell high. Watch the charts to find dips in price or peaks.
5) Make sure your sell price is high enough to cover the fees and makes a decent profit.
1) Use a reputable exchange for trading (Bittrex, Binance, Bitfinex, etc).
2) Trade coins that have good trading volume.
3) Trade coins that have a high market cap.
4) Always buy low and sell high. Watch the charts to find dips in price or peaks.
5) Make sure your sell price is high enough to cover the fees and makes a decent profit.
The first thing you really need to know is to do a lot of research about trading and in what sites are good for trading. You also need to understand gow trading works and all the things needed to know. Basics is just enough if the money you'll be trading is big.
You should check your trading ability on a test account. Then start trading for a little (1 - 3 lots in currency at a time). Traders-newbies need to learn the mechanics before starting trading for real money.
Do you have a reasonable capital to start with? Beacuse small capital is an enemy to any trader. You must have your trading plan and stick to it whether postive or negative outcome. Open an account with www.bittrex .com
I don't think you need a reasonable amount to start trading because if you start with the big amount then you may gain or lose big but if you start with a small amount then your profits also less and your chances of losing money also less. Particularly for the beginners, it is always good to start with a small amount until they learn how markets works then slowly they can increase their amount.
The only place in where you can trade safely is on binance, bitstamp or cryptopia, the other ones are pure crap who are always going to ask you for KYC or AML verifications before withdrawing at least $20 from there.
hello!
i have learned the basics of what are cryptocurrencies and now i wonder how to begin trading to multiply my money. do you have any favorite sites on where you trade? which advice would you have for a beginner like me?
i have learned the basics of what are cryptocurrencies and now i wonder how to begin trading to multiply my money. do you have any favorite sites on where you trade? which advice would you have for a beginner like me?
The basic rule is buy low and sell high,so buy and hold soem potential coins on the exchange and sell them when the price bump,then purchase the same coin when the price dumped or you can buy other coins with cheaper which price may grow in the future.
But as beginner you don't try day trading because the chance of losing money in day trading is more.
The favorite exchange of me is Poloniex because the transaction fee is very less when compared to other exchanges and all coins are available in this exchange.
Do you have a reasonable capital to start with? Beacuse small capital is an enemy to any trader. You must have your trading plan and stick to it whether postive or negative outcome. Open an account with www.bittrex .com
For trading i prefer bittrex.com, poloniex.com & binance.com. Do A LOT of research before buying any coins. Diversify your portfolio! And only invest what you can afford to lose. Buy the dips and stay patient, try to keep emotions out of your decisions.
The first, let prepare a mount of money as capital. After that you choose a exchange to register your nick such as Bittrex, Bifinance, Etherdelta,... Finally research and choose some coins you wanna buy.
Trading is easy if you are passionate about the crypto currency. If you are just starting then stick to long term investments and before investing you should keep yourself update with the market everyday and research about your favorite coins. I'm using Bittrex and coinbase but try them all to see which site you are comfortable with. I'd recommend an android app called Blockfolio which makes things easier for you to track your favorite coins and start with small amount to get some trading experience before going all in. Good luck
1) Use Stop Loss and never move it up!
2) Never go "all In"
3) Never Go against the market
4) If your trade are in loss, don't increase it
5) Enjoy your profits, learn by your losses
Read some good book like Technical Analisys of Financial Markets (Pring or Murphy, are both good).
2) Never go "all In"
3) Never Go against the market
4) If your trade are in loss, don't increase it
5) Enjoy your profits, learn by your losses
Read some good book like Technical Analisys of Financial Markets (Pring or Murphy, are both good).
hello!
i have learned the basics of what are cryptocurrencies and now i wonder how to begin trading to multiply my money. do you have any favorite sites on where you trade? which advice would you have for a beginner like me?
i have learned the basics of what are cryptocurrencies and now i wonder how to begin trading to multiply my money. do you have any favorite sites on where you trade? which advice would you have for a beginner like me?
to multiply your money required patient and research. You have to choose some coins and invest in it, then wait for long time to multiply the investment.
hello!
i have learned the basics of what are cryptocurrencies and now i wonder how to begin trading to multiply my money. do you have any favorite sites on where you trade? which advice would you have for a beginner like me?
i have learned the basics of what are cryptocurrencies and now i wonder how to begin trading to multiply my money. do you have any favorite sites on where you trade? which advice would you have for a beginner like me?
as you are a beginner, I think you can register on bittrex and make your account verified because it is important for you. in bittrex, you can find many coins that help you to multiply your money but I suggest to you to not be greedy if you can make your first profit. I think you can make your first profit because of today, I see that almost every coin in bittrex is down so you can buy at lower price and you can wait for a while to see the price increase.
Always do your research before buying the coins, (to be safe, start with the top 10 coins).
Its normal to make mistake, but be sure to learn from your mistake
When you see the price is going south, NEVER SELL in panic
Set your earning to lowest, dont wait for the price to reach +10% or +30% because at the end, you will gain nothing
And BE PATIENCE,
Its normal to make mistake, but be sure to learn from your mistake
When you see the price is going south, NEVER SELL in panic
Set your earning to lowest, dont wait for the price to reach +10% or +30% because at the end, you will gain nothing
And BE PATIENCE,
1. Buy coins from one of the trusted exchange like bittrex, poloniex, hitbtc etc at low price and than hold it for next few weeks or months
2. Sell coins when it will be pumped and you think that will be peak price for the coin
3. Don't follow other's advice on which coin to buy read about them yourself
4. Try to learn trading charts so that you can guess perfect buy and sell point for quick profit
5. Never sell for loss because of panic during huge correction/dump.
2. Sell coins when it will be pumped and you think that will be peak price for the coin
3. Don't follow other's advice on which coin to buy read about them yourself
4. Try to learn trading charts so that you can guess perfect buy and sell point for quick profit
5. Never sell for loss because of panic during huge correction/dump.
Do not trade every day, you should be a holder not a trader.
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