Begginers in trading ( share you experiences about trading ) - page 2.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18697

Quote from: cancoinl2 on October 18, 2018, 04:22:47 AM

I suggest CEX (https://cex.io/). It has a limited number of currency pairs, but their security is great which is essential for dealing with crypto.

As mentioned, CEX is a poor choice. CEX's most recent accounts show that they are in debt and do not have the assets to cover their debt. The assets that they do have are "currently located in a war zone and are not accessible" (direct quote from their most recent financial statement available here: https://beta.companieshouse.gov.uk/company/08757996/filing-history/MzE4NDczNjEzOGFkaXF6a2N4/document?format=pdf).

They are way, way down the list of exchanges at 78th by volume, with a 24h volume of only $8 million. You would do better sticking to high volume and more reputable exchanges like Binance or Huobi.

hridoyb

sr. member

Activity: 826

Merit: 250

Bitgesell (BGL) Decentralized Cryptocurrency!

Quote from: Ethreyes on June 13, 2018, 10:29:01 AM

Hello traders!

Can I ask you about how can begginers start in trading? If you had already a little bit of knowledge about in cryptocurrency and technical analysis or terms in crypto systems can you will start trading? And last thing for a begginer like me how much the starting capital or money will I spend to become traders?

Can you share your opinions and experiences. For us to start investment and trading with cryptocurrency.

Thank you!!

Trading is the most important part of the crypto world .You can start trade only 100$+ but first learn what is trade and how to create an account any exchanger. First time i have created an account on bittrex and all time follow market and trade history and then search on google and also read this forum every post.You can find every coin and exchanger full details this forum and but some token which down last one week and sell order it 2xprice and wait for sell.You can also start on demo trading its help to develop your trade knowledge

darasinmi4show

member

Activity: 406

Merit: 10

Everybody in the cryptosystem is once a beginninger in trade. However, If you have little knowledge about trading just find someone that will help or in part knowledge about how cryptosystem works into you. Crypto is great and profitable if you have knowledge about it.

Sadlife

sr. member

Activity: 1400

Merit: 269

It would be wise to learn first through watching youtube tutorials, googling and researching some good articles about the different kinds of trading techniques and indicators before investing all your money into trading that you have little knowledge about.

Supercrypt

legendary

Activity: 1554

Merit: 1054

I am still a beginner in trading world to be honest with you but I have been a beginner for about 6 years now and never really improved my trading skills to a great level that I could actually live with it.

However, as a person who has been trading in crypto space for over 6 year period (which seems a lot in crypto world since it is less than a decade old but it is still not so much because someone who has traded other stuff like forex and stocks for over 20 years and been interested in bitcoin for a year now is much better than me) rest assured no matter what you do in trading there are very few golden rules that always helps out.

First is never trust something if it looks too good to be true because in the end it is rarely ever true. I have bought and sold more coins than I can count and only ones that really made me money is the ones that we all know, the rest that looked amazing to trade all vanished and disappeared. Go with the top 10-20 coins and trade them, rest are not that important.

Second important rule is to keep your losses to a minimum by either selling out before it goes down or it went down only a bit (stop loss helps in this case) or but a sell order slightly higher than what you bought so you get your profit and leave.

frowsiter

sr. member

Activity: 714

Merit: 261

When I started with crypto trading then all I gotten was loss, loss and more loss. I literally tried trading many times with all the different strategies which I failed eventually. However, with the time you get hand of it and time comes when you recover everything that you have lost earlier mate.
I adopted new methods all the time, you dont hit the right one immediately because crypto keeps changing its course all the time. Now I have accepted that one very well and it makes me trade far more easily than the normal one.

As beginners you always fall for it, but if you keep the pace and patience then you can spice up the trade.

atrocityx

member

Activity: 336

Merit: 71

Trade based off of Satoshi value, not USD value... USD value can give you a real false sense of security in doing well when you actually maybe aren't. Kind of hard to explain in a bear market, but when it goes bull, its not really enough just to make money, you need to be multiplying and growing exponentially since your window is very small.

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: Ethreyes on June 13, 2018, 10:29:01 AM

Hello traders!

Can I ask you about how can begginers start in trading? If you had already a little bit of knowledge about in cryptocurrency and technical analysis or terms in crypto systems can you will start trading? And last thing for a begginer like me how much the starting capital or money will I spend to become traders?

Can you share your opinions and experiences. For us to start investment and trading with cryptocurrency.

Thank you!!

Trading is a game and you need skills in other to become a successful trader. Since it demands skills to make money from trading it then means you will need practice! Those that have jump into this market without skills will tell you story on how much their have lost in trading. I will advise you to take the learning process more important than the capital to invest because the more skillful you are the more money you make from the market. Don't think you will make it in trading by following signals services.

prtty2gal2

hero member

Activity: 1092

Merit: 523

Quote from: xvacator on October 18, 2018, 04:27:03 AM

Quote from: cancoinl2 on October 18, 2018, 04:22:47 AM

Well, people have already provided you with a lot of tips and useful information

The only thing I can add is that you will need a reputable and user-frienly exchange. I suggest CEX (https://cex.io/). It has a limited number of currency pairs, but their security is great which is essential for dealing with crypto.

Why not binance or bittrex or even poloniex to start? Because I see that site is good enough for new people, who want to learn to trade. But I don't know if he wants to try one by one of the exchanges so he can find what exchanges that he likes. You can use $100 if you want so you can start trading, but first, you need to have bitcoin or usdt to buy the altcoin. And for making the analysis, I suggest you read the book or watch the videos on youtube.

Actually, when I read that too I was surprised. CEX is not even on the top list of exchanges in terms of reputation, interface, or whatever you want to think as there are so many other better exchanges that still is a lot better.

The main thing with CEX is that they offer cryptocurrency trading for fiat money but nothing too advanced when it comes to trading professionally and in that case, I would rather prefer to pick an exchange like Binance with low fees and more cryptocurrencies, as well as the fact that it is an exchange that is growing rapidly.

vit05

hero member

Activity: 672

Merit: 526

I will suggest that before any move you should read two books. These books are not just about techniques, they talk mainly about the psychology in decision making. It is very important that you have an idea of why you should decide on something.

Trade Management

The Zurich Axioms:

After reading, you should make your account on an exchange. They need to have those basic trade instruments, which are:

Have a graph of the negotiations
Have a volume chart
Have a large volume of negotiations
Allow Stop loss
Allow Leverage

It is necessary that you sign up even if you think you do not know knthing. Because the best way to learn, it is when you lose money. Cryptocurrencies allow you to start with very small amounts like 10 dollars. So it is easy them investing in stock markets.

Inside the platform, you will already be able to familiarize yourself with several options, tools, and needs. And that will force you to study. I believe that just by subscribing to Bitmex referral link or Binance you can already operate and read the information they provide. Bitmex has a lot of articles and material to study.

Then you can start reading about charts. A summary of some is in this post: Trading Cheat Sheet Collection

The Bitmex link has my referral. You will receive 10% discount when using a referral link. If you do not want to use one, just go to www.bitmex.com

aencarnaci

sr. member

Activity: 448

Merit: 281

Quote from: cancoinl2 on October 18, 2018, 04:22:47 AM

Well, people have already provided you with a lot of tips and useful information

The only thing I can add is that you will need a reputable and user-frienly exchange. I suggest CEX (https://cex.io/). It has a limited number of currency pairs, but their security is great which is essential for dealing with crypto.

CEX ? If you are really looking for a reputable exchange with a lot of supported cryptocurrencies that you can trade, I would rather go for the likes of Bittrex or Binance. Why CEX ?

I am not saying CEX is a bad exchange, but when you are comparing exchanges with each other, CEX does not even stand the chance of the top 5 in the market.

As a beginner in trading however, what you should even be doing first is to learn and afterwards practice using a demo site like that of bitmex to get your hands dirty, fine tune your strategy and then get better, while now deciding if you want to go into spot trading or leverage trading which in that case I would rather choose binance most especially.

xvacator

jr. member

Activity: 341

Merit: 4

Quote from: cancoinl2 on October 18, 2018, 04:22:47 AM

Well, people have already provided you with a lot of tips and useful information

The only thing I can add is that you will need a reputable and user-frienly exchange. I suggest CEX (https://cex.io/). It has a limited number of currency pairs, but their security is great which is essential for dealing with crypto.

Why not binance or bittrex or even poloniex to start? Because I see that site is good enough for new people, who want to learn to trade. But I don't know if he wants to try one by one of the exchanges so he can find what exchanges that he likes. You can use $100 if you want so you can start trading, but first, you need to have bitcoin or usdt to buy the altcoin. And for making the analysis, I suggest you read the book or watch the videos on youtube.

cancoinl2

newbie

Activity: 25

Merit: 0

Well, people have already provided you with a lot of tips and useful information

The only thing I can add is that you will need a reputable and user-frienly exchange. I suggest CEX (https://cex.io/). It has a limited number of currency pairs, but their security is great which is essential for dealing with crypto.

wayaneka

full member

Activity: 644

Merit: 101

I know about trading strategy from some video on the youtube, and i try to sign up in demo account in forex trading to learn about technical analysis. And after i have some knowledge about TA, i try to make deposit on crypto exchange to test my skill. When i started is easy to make profit because in that times is bull market, but after that i loss again in big money. By keep learning i know some strategy, how to diversify risk and to lock the profit and avoid loss, keep learn from the mistake will make use become more expert.

lavishlife

newbie

Activity: 137

Merit: 0

just a selling tip,
Don't get consumed by your greed, don't wait for the peak of the pump, sell immediately if the price reached your selling point. don't be greedy.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: Ethreyes on June 13, 2018, 10:29:01 AM

Hello traders!

Can I ask you about how can begginers start in trading? If you had already a little bit of knowledge about in cryptocurrency and technical analysis or terms in crypto systems can you will start trading? And last thing for a begginer like me how much the starting capital or money will I spend to become traders?

Can you share your opinions and experiences. For us to start investment and trading with cryptocurrency.

Thank you!!

Before you invest any money in trading take some time to read and learn from the experience of others, many have made the mistakes that cost them a lot of money and a lot of lost nerves, so use that knowledge to your benefit from the start. I will not post any links, just use search engine with key words "trading", "bitcoin" and you will find lot of tips and instructions how to start. I just can say that this is not something what can be learned overnight, it takes time, learning, and understanding how markets work. But let this not discourage you, if you have a strong will to do something success is possible.

Regarding money, some will say 100$ is not enough, but for start it will be enough if you can not afford more. Then you need to decide your trading tactics, do you want be daily trader or invest on long term - are you interesting only in BTC or maybe altcoins trading?

I suggest you look at my signature, there is something that may interest you, full guides available on site.

ajqjjj

hero member

Activity: 1498

Merit: 507

Not your Keys, not your Bitcoin

Quote from: Ethreyes on June 13, 2018, 10:29:01 AM

Hello traders!

Can I ask you about how can begginers start in trading? If you had already a little bit of knowledge about in cryptocurrency and technical analysis or terms in crypto systems can you will start trading? And last thing for a begginer like me how much the starting capital or money will I spend to become traders?

Can you share your opinions and experiences. For us to start investment and trading with cryptocurrency.

Thank you!!

Trading is a simple technique if you have experience in this platform you will earn profit and if you are a beginner in this platform long term investment is more secure investment because current scenario is really unpredictable so better invest in long term or day trading you will earn profit. Day trading is a highly risk investment if you have good analytical skills you will earn good profit.

fmasta

full member

Activity: 254

Merit: 102

When I started here, I have already developed the strategy, what should I do next. I din't have any money to invest than, I just attended to one Bounty, and start my trading from the tokens that I get from it.

nanasei

newbie

Activity: 126

Merit: 0

Acquire knowledge in cryptocurrency first through personal studies or mentorship. If after gaining knowledge then you can start trading,at first with 200 USD before committing bigger more money

ryurifai

member

Activity: 294

Merit: 10

Don't trade with your whole stack. If you're going to do it, do it with a small fraction of your bitcoin/dollars - play money. And then practice. Do it for a good while, and then if you're having success, you can gradually increase the amount you do it with.

Topic: Begginers in trading ( share you experiences about trading ) - page 2. (Read 516 times)