Topic: Beginner of Trading (Read 245 times)
Investing and trading are two diverse ways we can profit from the financial market. I think you can beginner traders will learn the meaning of each before entering the market. Because of for trading we have videos which go into the basics of trading technology from the introduction to trading. However, beginner traders often have a hard time understanding how the market works.
If you do not need the money for some time you can invest in altcoins. But we must take into account that the profit may not be soon. We must wait for the market to rise.
If you have a lot of money divide it, invest the half of the money then trade half of it so you can earn more profit. And if you want to earn more join campaign.
It is important to think that it is no problem to lose.
Go-to utube to learn more about trading, sometimes lesten to others opinion make you wake,stand your own believe your instict trading is risky so make your decision what should coin give you profit or lose:)
#selfstudy is the best way!
#selfstudy is the best way!
You can pass some trading courses before starting to trade. Or to buy coins from top-10 of coinmarketcap.com for holding.
But if there you will invest all (to 5-10 cryptocurrency after research and so on), you have big chance that in long way you can earn big gaiiiiins. And if you loose? You cant loose in cryptocurrency, it is only start, just hold it and buy house and car in 2-3 years. Thats it!
Sure. There's definitely a chance for earning "big gaiiiiins" if you invested a good amount in to certain cryptocurrencies. But don't spread misinformation like you cant "loose" in crypto. You definitely can lose. In fact, theoretically almost everyone of us can lose. Crypto has a chance to be a lot bigger in the future, sure. But don't be spreading information like the success of crypto is guaranteed, as it's definitely NOT.
Wow, you’re on my dream path. I too follow what you’re doing. I really want to experience my first pay from my bounty in order for me to get more encouragement for my next bounties. And also earn experience of being paid and earning to invest to trading. While I’m doing that, i’m also preparing myself for trading game. Good luck to you sir. I’ll follow your steps.
This is the biggest s*it on internet. Risk ewerything, about risk is life, when you will give there low money, you will have low gains. If you lose low money (becouse you did not have big money before to invest), your life will be still same, becouse you dont have money now, and you didnt have money yet. But if there you will invest all (to 5-10 cryptocurrency after research and so on), you have big chance that in long way you can earn big gaiiiiins. And if you loose? You cant loose in cryptocurrency, it is only start, just hold it and buy house and car in 2-3 years. Thats it!
Never risk amount of money you can't afford to lose. If you have been able to raise money from bounty campaign, then why don't you use that as a starting capital, after all is a free money.
I'm participating bounty programmes from 4 months now. I have collected some amount money from the bounty. But I yet to invest any of money for the trading. I decided to invest some money. Can someone tell me how much money do I invest for the first trading? and what are the good coins should I buy now?
Trading is a most important platform so first, know and research on this section.If you get some valuable coin you can start trading but always focus on btc price and coinmarketcap.I can suggest some coin like as waves,eth,btc,utk,dent but make your own decision and risk. If you want an expert on trading platform read and research and google on trading and create some account on demo trading site start demo trading what are the good coins should I buy now?
The amount of people here in the cryptocurrency space that wants to invest but isn't willing to do research baffles me to be honest.
This that i do when i'm going to be trader first learn about trading. Then make your management money it means i'm not will make all of my money to get into buy coin. I always make this 3 step 25%,25% and then 50% from the money. Because we don't know when market is going up or down. And you must plan how many % you will be lost. 10% or maybe 5%. If you lost more then that you should make correction maybe any wrong with you method. And doing practice frequenly and also always be careful
If you want to start day trading I would recommend you to follow philakonecrypto at youtube/twitter. He released a lot of teaching material which will get you everything needed to start.
But be careful, day trading will teach you very expensive lessons if you dont know what you do.
But be careful, day trading will teach you very expensive lessons if you dont know what you do.
To start trading in bitcointalk world you should pay attention to some basic things:
1. calculate profit, loss, and cost of expenditure.
2. Must master trading techniques.
3. Should be able to attract buyers to buy goods traded.
1. calculate profit, loss, and cost of expenditure.
2. Must master trading techniques.
3. Should be able to attract buyers to buy goods traded.
I'm participating bounty programmes from 4 months now. I have collected some amount money from the bounty. But I yet to invest any of money for the trading. I decided to invest some money. Can someone tell me how much money do I invest for the first trading? and what are the good coins should I buy now?
Just to add, if you mean day trading, it requires a lot of knowledge and skill, if you are a newbie you'll need to read and learn a lot, so you can develop the knowledge to DYOR, else you end up losing a larger % of you investment.
I think you should move this thread in the altcoins or trading discussion, where you will get a better answer regarding this.
In my suggestion, you will pick 5 top altcoins and divide the equal part with them.
Don't invest all of your money. Invest some as 1/2 or 1/3 of your salary 1st so its not matter for you if you lose.
If you want to trade, divide your investment to 5 or 10 part. For each part of investment, make a rule that is only 10% of profit and loss 10%. Don't be greedy. If you want to hold coin for long-term, leave it for at least 6 month to 2-3 years, it will gain a lot of profit.
If you want to trade, divide your investment to 5 or 10 part. For each part of investment, make a rule that is only 10% of profit and loss 10%. Don't be greedy. If you want to hold coin for long-term, leave it for at least 6 month to 2-3 years, it will gain a lot of profit.
Never risk amount of money you can't afford to lose. If you have been able to raise money from bounty campaign, then why don't you use that as a starting capital, after all is a free money.
I'm participating bounty programmes from 4 months now. I have collected some amount money from the bounty. But I yet to invest any of money for the trading. I decided to invest some money. Can someone tell me how much money do I invest for the first trading? and what are the good coins should I buy now?
I wouldn't speculate more than you're willing to lose. ~~We don't know how much you're earning or what your net worth is. How do you think our answer could really ever answer your question?~~
Obviously, if you're new to trading, i wouldn't start with big amounts, and first try to understand what you're doing.
Which brings me to the next part of your question;
Quote
and what are the good coins should I buy now?
With an attitude like that, you're going to lose a lot of money, believe me.
Everyone here on this forum, heck everyone on the internet is biased, everyone holds a personal bag of coins, and is trying to shill them to you.
You should do your own research and invest based on that. Not on someone else's *biased* opinion.
I get the point. I will do my own research. Invest depend on someone idea is too risky. Thank you very much
I'm participating bounty programmes from 4 months now. I have collected some amount money from the bounty. But I yet to invest any of money for the trading. I decided to invest some money. Can someone tell me how much money do I invest for the first trading? and what are the good coins should I buy now?
Check out the Altcoin Speculation board for some ideas: https://bitcointalk.org/index.php?board=224.0
Although you should take peoples' forecasts with a grain of salt. A lot of people are just "talking their book" -- telling you to buy so they can profit. Be skeptical of anything that is overly hyped. If a market is already hyped and has seen huge gains, I would stay away. Once a market gets to that point, the path of least resistance is down.
As for how much to invest: I wouldn't risk much. You're a beginner, so you should approach it that way.
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