Beginner Trader - page 2. | Bitcointalksearch.org

MrPiggles

sr. member

Activity: 980

Merit: 256

Decentralized Ascending Auctions on Blockchain

Quote from: Triffin on November 01, 2019, 12:20:13 PM

Quote from: cryptothreads on October 29, 2019, 09:00:18 PM

Quote from: zeze18 on October 28, 2019, 07:47:23 AM

Quote from: EdvinZ on October 23, 2019, 01:41:19 AM

I would advise you to choose 2-3 of the top cryptocurrency exchanges according to the site Coinmarketcap.com . In this way you will diversify your risks and be able to trade on exchanges with the highest liquidity. These exchanges have already been tested by time and most users like the functionality of these exchanges.

Beginners is better to use only one exchange, it doesn't matter about the volume as long as the exchange is safe and have good reviews from the traders.
But the current best exchange is still binance both for beginner or even experts.

I agree with you . New investors should only focus on one exchange because they will be easier to manage assets and do not need to participate in too much exchange. In fact, what people are interested in is profit because if you can not choose a good coin to invest, you will easily fail in this market. I think new investors are often easy to make mistakes because they do not have much investment experience and will panic sell immediately if the market turns red.

At this time new investors should have a specific strategy when investing and learning more knowledge to avoid losing money because no one can help you do this in this market.

Newcomers in the market are like toddlers. They need help from veterans to deal with the fluctuations of market and if their is no one to help them, they learn all tricks by hurting themselves like toddlers do. They bear losses which are giving them experiences for dealing with market efficiently. They need to stay away from false news especially regarding bitcoin which often panic them.

I think it is necessary to learn some basic knowledge from this market or look for top experts in trading because they often give you good advice and reduce a lot of risks. In addition, the internet is also the place to start first because this is a great place to learn analysis and you will understand the concept when investing in crypto. I have spent many years doing this and when I started trading, I was very optimistic and always won over the last few years.

danny868

newbie

Activity: 7

Merit: 0

I think if u wanna start Coinbase Pro is a good idea check it on google it's a must!

CryptoeJoe

newbie

Activity: 4

Merit: 0

WHERE can a guy get good information and DISCUSSION about HOW TO TRADE, by bot?

I know the basics and have traded by bot, using Telegram and Discord. But it seems no one is making any money, or if they are they must have $10,000+ invested from the looks of things...

It seems people are talking and talking but not actually increasing the amount of BTC/CC they started with while paying fees for a bot. At least that’s what was happening to me!

AND the answers to my questions were either ignored or poorly/flippantly answered. Month after month would go by where I was supposedly making profitable trades but the amount I was trading with did not go up at all... I LOST money!

How do you actually MAKE MONEY TRADING? Is anyone actually really doing this - other than investing $10,000+ and just playing around with their “extra cash”?

WHERE can I go and trade by bot and CONSTRUCTIVELY learn how to earn signigicant money doing so?

I want to MAKE MONEY trading, not just talk about it!!

JessicaVL

member

Activity: 346

Merit: 47

Quote from: *Saucey* on August 22, 2019, 06:42:56 AM

Hi, I’m not sure if I’m posting in the correct category. If someone could let me know that would be great.
I recently had a conversation with a person from Tradenix. As I am completely new to this I thought I would search reviews of other peoples’ experience with this company. I cannot find anything that doesn’t seem sort of made up. I did find one negative review but didn’t really understand why it was negative.
Does anyone have a suggestion where I could start to educate myself on this process and does anyone of a positive experience with any broker?

Personally I've never actually heard of them. If you're finding sketchy reviews, maybe stay away? There are loads of verifiably trustworthy trading platforms, exchanges, and marketplaces. If accessibility is an issue, Vertex has always worked out for me.

tonyvo2017

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Activity: 526

Merit: 10

Lifestyle & Wellness Platform

Quote from: *Saucey* on August 22, 2019, 06:42:56 AM

Hi, I’m not sure if I’m posting in the correct category. If someone could let me know that would be great.
I recently had a conversation with a person from Tradenix. As I am completely new to this I thought I would search reviews of other peoples’ experience with this company. I cannot find anything that doesn’t seem sort of made up. I did find one negative review but didn’t really understand why it was negative.
Does anyone have a suggestion where I could start to educate myself on this process and does anyone of a positive experience with any broker?

actually the knowledge about TA is quite good but quite vague. I learned a lot about price action models and indicators, it is only really useful when you know how to take advantage of it.
such as the Pinbar or Inside bar, the probability of winning is not high and many people suffer losses due to false predictions of the short trend of the market.
so we need to use certain indicators to see what the trend looks like and other news.
Technical analysis and trading is a job that requires a lot of inference and careful calculation. You should study it all and always revise every day.

jamesndungu1

member

Activity: 434

Merit: 25

Quote from: Visbay on October 24, 2019, 03:56:25 PM

Quote from: EdvinZ on October 23, 2019, 01:41:19 AM

I would advise you to choose 2-3 of the top cryptocurrency exchanges according to the site Coinmarketcap.com . In this way you will diversify your risks and be able to trade on exchanges with the highest liquidity. These exchanges have already been tested by time and most users like the functionality of these exchanges.

Everything that you mentioned are important for trading but I think the most important thing in trading is knowledge if you will have knowledge so you will be able to invest your money in good coin and you will be able to trade profitably. Choosing a good coin is an important step and after that beginners should trade for the long term only.

After choosing a good coin, check whether the exchange you want to trade in is available in your country, to avoid unnecessary losses. For example, there are Korean exchanges that only allows you to withdraw through Korean mediums. Do your research and try to find out what people say about the exchange, its reputation is a major consideration. Find out more about exchange rates because they vary from one exchange to the other and the most obvious thing to consider is the security of the exchange. Find exchanges which require some form of verification from you rather than anonymous ones. I highly recommend decentralized exchanges for a number of reasons, but to be honest Centralized exchanges have more features for traders such as margin trading and nice interface for easier navigation. You also need an exchnage with a high volume for your coin for easier exits and entry into a trade.

cryptoangel

sr. member

Activity: 700

Merit: 250

Quote from: wajik-tempe on October 30, 2019, 02:35:55 AM

Quote from: Apened on October 28, 2019, 07:20:59 PM

Quote from: Asmonist on October 28, 2019, 06:58:48 PM

The best experience is to first try it and learn the process. For now, I'm still saving my funds for trading. I want to trade with more funds to diversify from different crypto coins. There are many trading sites to try. Just make sure its legit and read reviews about it.

Yeah, i think 2-3 exchanges is enough to trade just use top 3 exchanges we know that they have almost all the good coins and altcoins in the market. You didn't even need to save funds to trade orto have big amount of it as a small funds but you know how to make it grow will be much much better than having a big funds.

Beginner traders should stick with one exchange because maybe they will confuse with many exchange with trade on, because sometimes the price is different between exchange.
Or if really want to use many exchanges, they have to control their trade with monitoring assets apps like blockfolio so they will not forget what was they invested in

I think investors are know what is internet so they just click the coinmarketcap and check the market result so they know which is the best trading exchange of our desire coin. But beginners are hard to predict the upcoming hype so they are not active in all the time. My suggestion is those start trading newly must fix some automatic trading.

Triffin

sr. member

Activity: 952

Merit: 251

Quote from: cryptothreads on October 29, 2019, 09:00:18 PM

Quote from: zeze18 on October 28, 2019, 07:47:23 AM

Quote from: EdvinZ on October 23, 2019, 01:41:19 AM

I would advise you to choose 2-3 of the top cryptocurrency exchanges according to the site Coinmarketcap.com . In this way you will diversify your risks and be able to trade on exchanges with the highest liquidity. These exchanges have already been tested by time and most users like the functionality of these exchanges.

Beginners is better to use only one exchange, it doesn't matter about the volume as long as the exchange is safe and have good reviews from the traders.
But the current best exchange is still binance both for beginner or even experts.

I agree with you . New investors should only focus on one exchange because they will be easier to manage assets and do not need to participate in too much exchange. In fact, what people are interested in is profit because if you can not choose a good coin to invest, you will easily fail in this market. I think new investors are often easy to make mistakes because they do not have much investment experience and will panic sell immediately if the market turns red.

At this time new investors should have a specific strategy when investing and learning more knowledge to avoid losing money because no one can help you do this in this market.

Newcomers in the market are like toddlers. They need help from veterans to deal with the fluctuations of market and if their is no one to help them, they learn all tricks by hurting themselves like toddlers do. They bear losses which are giving them experiences for dealing with market efficiently. They need to stay away from false news especially regarding bitcoin which often panic them.

wajik-tempe

sr. member

Activity: 1022

Merit: 252

Quote from: Apened on October 28, 2019, 07:20:59 PM

Quote from: Asmonist on October 28, 2019, 06:58:48 PM

The best experience is to first try it and learn the process. For now, I'm still saving my funds for trading. I want to trade with more funds to diversify from different crypto coins. There are many trading sites to try. Just make sure its legit and read reviews about it.

Yeah, i think 2-3 exchanges is enough to trade just use top 3 exchanges we know that they have almost all the good coins and altcoins in the market. You didn't even need to save funds to trade orto have big amount of it as a small funds but you know how to make it grow will be much much better than having a big funds.

Beginner traders should stick with one exchange because maybe they will confuse with many exchange with trade on, because sometimes the price is different between exchange.
Or if really want to use many exchanges, they have to control their trade with monitoring assets apps like blockfolio so they will not forget what was they invested in

Edraket31

hero member

Activity: 1190

Merit: 511

Quote from: cryptothreads on October 29, 2019, 09:00:18 PM

Quote from: zeze18 on October 28, 2019, 07:47:23 AM

Quote from: EdvinZ on October 23, 2019, 01:41:19 AM

I would advise you to choose 2-3 of the top cryptocurrency exchanges according to the site Coinmarketcap.com . In this way you will diversify your risks and be able to trade on exchanges with the highest liquidity. These exchanges have already been tested by time and most users like the functionality of these exchanges.

Beginners is better to use only one exchange, it doesn't matter about the volume as long as the exchange is safe and have good reviews from the traders.
But the current best exchange is still binance both for beginner or even experts.

I agree with you . New investors should only focus on one exchange because they will be easier to manage assets and do not need to participate in too much exchange. In fact, what people are interested in is profit because if you can not choose a good coin to invest, you will easily fail in this market. I think new investors are often easy to make mistakes because they do not have much investment experience and will panic sell immediately if the market turns red.

At this time new investors should have a specific strategy when investing and learning more knowledge to avoid losing money because no one can help you do this in this market.

Unless they are doing arbitrage trading. Anyway, I am only trading at Binance as it has been my favorite of all time, it's user-friendly and the things that trader is looking for is already there, so no doubt, Binance is the number one for most traders especially to me and to my colleagues.

Anyway, no matter where you want to do trading just make sure it's not fake volume and there is really liquidity on it so you won't waste your time doing trading there.

cryptothreads

hero member

Activity: 1274

Merit: 500

Quote from: zeze18 on October 28, 2019, 07:47:23 AM

Quote from: EdvinZ on October 23, 2019, 01:41:19 AM

I would advise you to choose 2-3 of the top cryptocurrency exchanges according to the site Coinmarketcap.com . In this way you will diversify your risks and be able to trade on exchanges with the highest liquidity. These exchanges have already been tested by time and most users like the functionality of these exchanges.

Beginners is better to use only one exchange, it doesn't matter about the volume as long as the exchange is safe and have good reviews from the traders.
But the current best exchange is still binance both for beginner or even experts.

I agree with you . New investors should only focus on one exchange because they will be easier to manage assets and do not need to participate in too much exchange. In fact, what people are interested in is profit because if you can not choose a good coin to invest, you will easily fail in this market. I think new investors are often easy to make mistakes because they do not have much investment experience and will panic sell immediately if the market turns red.

At this time new investors should have a specific strategy when investing and learning more knowledge to avoid losing money because no one can help you do this in this market.

Vispilio

legendary

Activity: 2114

Merit: 1656

Quote from: Jercyhora2 on October 28, 2019, 07:57:27 AM

I invested almost $100 on HitBTC. I know it's kinda small but I just wanna give it a try.

QUESTION:
Do you consider HitBTC as one of reputable exchanges?

Low volume on lots and lots of shitcoins, but they have cleaned up their game somewhat after many complaints against them and now at least they pay out on time.

The main problem with HitBTC is the withdrawal rates for almost all their products are too high...

Generalized advice for all beginners: read the fee structure of any exchange you are dealing with and make sure it has a respectable enough reputation so that you don't get hit by surprise fee traps like in the case of many altcoin dumps that make a living on withdrawal fees & fake volume...

Apened

hero member

Activity: 1386

Merit: 504

Quote from: Asmonist on October 28, 2019, 06:58:48 PM

The best experience is to first try it and learn the process. For now, I'm still saving my funds for trading. I want to trade with more funds to diversify from different crypto coins. There are many trading sites to try. Just make sure its legit and read reviews about it.

Yeah, i think 2-3 exchanges is enough to trade just use top 3 exchanges we know that they have almost all the good coins and altcoins in the market. You didn't even need to save funds to trade orto have big amount of it as a small funds but you know how to make it grow will be much much better than having a big funds.

Asmonist

sr. member

Activity: 756

Merit: 251

The best experience is to first try it and learn the process. For now, I'm still saving my funds for trading. I want to trade with more funds to diversify from different crypto coins. There are many trading sites to try. Just make sure its legit and read reviews about it.

Jercyhora2

member

Activity: 504

Merit: 23

Epsilon Omega

I invested almost $100 on HitBTC. I know it's kinda small but I just wanna give it a try.

QUESTION:
Do you consider HitBTC as one of reputable exchanges?

zeze18

sr. member

Activity: 938

Merit: 256

Quote from: EdvinZ on October 23, 2019, 01:41:19 AM

I would advise you to choose 2-3 of the top cryptocurrency exchanges according to the site Coinmarketcap.com . In this way you will diversify your risks and be able to trade on exchanges with the highest liquidity. These exchanges have already been tested by time and most users like the functionality of these exchanges.

Beginners is better to use only one exchange, it doesn't matter about the volume as long as the exchange is safe and have good reviews from the traders.
But the current best exchange is still binance both for beginner or even experts.

karanggatak

hero member

Activity: 1106

Merit: 506

Quote from: EdvinZ on October 28, 2019, 05:00:59 AM

I would advise novice traders to learn the basics of competent investment. Read tips from the planet's coolest investors. Rely only on their market analysis and do not listen to all sorts of false experts. Always diversify risks by buying different cryptocurrencies. Buy only proven digital assets with a good past.

I agree with your suggestion, it should be for a beginner to learn the basics of knowledge about investing and trading. I think beginners should often ask someone who is experienced in crypto trading.
and with this forum I think it's easier for beginners to be able to start educating themselves and searching for knowledge, and maybe will get solutions from people who have long joined this forum and have experience in cryptocurrency.

dillpicklechips

hero member

Activity: 994

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You can surf on the bitcoin forum here i will provided the link also, but in this section too you can see and even surf here. We all here come into a situation like this also we dont know what and how we can start trading at the start. So ill advice that to ask pros like read some article and also and on the link down below you can surf and know what are or how to be safe on and while doing trading.

https://bitcointalksearch.org/topic/ann-rapidbtc-safe-bitcoin-trading-5164299

EdvinZ

sr. member

Activity: 994

Merit: 260

I would advise novice traders to learn the basics of competent investment. Read tips from the planet's coolest investors. Rely only on their market analysis and do not listen to all sorts of false experts. Always diversify risks by buying different cryptocurrencies. Buy only proven digital assets with a good past.

secretgirl

sr. member

Activity: 798

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BabelFish - FISH Token Sale at Sovryn

Quote from: Edraket31 on October 21, 2019, 03:19:45 AM

Quote from: secretgirl on October 20, 2019, 11:09:51 PM

Maintain enthusiasm for learning, because every successful trader starts with a beginner like you. You can find guidance on how to trade on YouTube or other media. and find someone who knows about trading and can be trusted to share his trading methods. I just heard about tradenik, and I don't understand that. I was recommended by a friend to use coinbase or binance, the majority of crypto users will understand that. You can learn on YouTube or other media, about how to sell and buy on both of these sites.

Yes and keep in our mind that the future is always in our mind, so it will depend on our hands and mind how are we going to become successful trader, yes, beginning is so much easy, but when you are in the situation, it will be easy to give up but remember the consequence if you keep holding, practicing, and you never give up, I suggest whenever losing hope, check the trials of those successful traders to be inspired.

very true what you say, when I first started plunging into crypto, of course I was followed by a boring feeling and I easily give up if not inspired by the good inspiration of someone who has become a successful trader. I myself had lost hope when I first traded and suffered losses when the market price dropped dramatically, a friend who motivated me to get back up. I'm sure everyone has experienced failure, and someone who is successful would want to learn from failures they have experienced.

Topic: Beginner Trader - page 2. (Read 1703 times)