Day trading, the very beginning | Bitcointalksearch.org

fasdorcas

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Quote from: drgomez89 on October 07, 2018, 06:15:36 PM

i think im the only 1 with only 1 account the guy wo start the tread was a newbie but he says he has earn a lot of money with icos that make me think that account is a new one because he has less that 6 participations . well getting back to the initial topic. whatever you do you have to start doing everything with a simul;ation without real money i dont know u guys but i use metatrader and with simulation i lost a lot but a lot of money jeje thx god it wasnt real money

Someone having a newbie account on this platform does not necessarily make the person a novice to investment in the space when it comes to ICOs. There are so many other platforms with which you can have access to ICOs as well.

That is by the way though, but those who are smart are not always looking into investing in ICOs and concentrating on the short term, and personally for me, I have been investing in ICOs for over a year now and with my trading knowledge I have been able to do very well when it comes to even increasing my stash for the long run so at the end, it still depends on your level of knowledge in some certain areas.

bummm

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Quote from: KGBx on October 06, 2018, 06:30:37 PM

I suggest you to trade different coins, but not more than 5 for the beginning, that will make you know various scenarios and trading models.

I think that it is very difficult for a beginner to deal with the day trading. The guy must better concentrate on the long-term trading or holding. When he gets more experience, he can try himself in this business.

darewaller

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Quote from: Bitcotalk on October 08, 2018, 05:36:24 AM

Quote from: JustNerd on September 29, 2018, 10:44:15 AM

Hi guys,

I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.

October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.

Thank you!

I don’t really know for you, but ICOs are the big thing for this year. Cryptocurrencies has been failing a lot of people so the choice for majority is ICO and lots of people who went for ICO has been able to make a lot of profit from it this year.

If you try to HODL this year you’re not going to gain anything from what I’m seeing, so best is ICO, unless you will go for trading or maybe go back to mining, since you said you’re gaining from it. If I were you I would continue would anyone that is helping me earn some income.

Patience is actually one of the problems a lot of people usually find difficult to be able to imbibe when it comes to the market. They are always looking for the market to just hit an exchange and voila, things should just start getting rosy. A lot of things will have to take place when it comes to development and as time goes on with other people finding the need to use the product as well as the coin, the demand would increase.

Hence at the end, it is just all about how ready you are when it comes to being patient and focusing on the long term. With day trading however, I guess in this space, everything requires great deal of knowledge and if you do not have it, which would be a huge problem.

letsfly

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Before you begin to day trading you need to research first and practice trading without using your own money. You can also collect free coins and tokens to use it for trading. Once you are familiar and confident in the process then you can start trading in real trading.

Maslate

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Quote from: Bitcotalk on October 08, 2018, 05:36:24 AM

Quote from: JustNerd on September 29, 2018, 10:44:15 AM

Hi guys,

I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.

October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.

Thank you!

I don’t really know for you, but ICOs are the big thing for this year. Cryptocurrencies has been failing a lot of people so the choice for majority is ICO and lots of people who went for ICO has been able to make a lot of profit from it this year.

If you try to HODL this year you’re not going to gain anything from what I’m seeing, so best is ICO, unless you will go for trading or maybe go back to mining, since you said you’re gaining from it. If I were you I would continue would anyone that is helping me earn some income.

ICOs are good, it's intended for long term hold and only in bull market where you can make a day trading more easy.
Right now, the price is so unpredictable but the sad thing is that the downtrend is more dominant, we should understand that it's all about timing
and we should not rush things if we want to have a long term success in crypto.

Bitcotalk

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Quote from: JustNerd on September 29, 2018, 10:44:15 AM

Hi guys,

I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.

October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.

Thank you!

I don’t really know for you, but ICOs are the big thing for this year. Cryptocurrencies has been failing a lot of people so the choice for majority is ICO and lots of people who went for ICO has been able to make a lot of profit from it this year.

If you try to HODL this year you’re not going to gain anything from what I’m seeing, so best is ICO, unless you will go for trading or maybe go back to mining, since you said you’re gaining from it. If I were you I would continue would anyone that is helping me earn some income.

CodyAlfaridzi

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Quote from: JustNerd on September 29, 2018, 10:44:15 AM

Hi guys,

I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.

October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.

Thank you!

Glad to know that there are people who realized the need to learn before trading and willing to spend a whole month to do so. A lot of newbies today only care about making a profit but didn't do their homework (i.e. learning, setting up a strategy) before executing.

As already mentioned above, babypips is the best place to get started in trading as a whole. Once you got into crypto, you might want to read this article https://alunacrypto.blogspot.com/2016/03/bitcoin-altcoins-trading-complete-guide-cryptocurrency-tutorial-trading-strategy-fundamental-analysis-technical-analysis.html. The article is more focused into cryptocurrency.

letecia012

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ICO Now adays really suck investors are currently losing money in buying ICO coins and for day trading the risk maybe higher and it require trading experience to make your chance higher of earning profit

drgomez89

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i think im the only 1 with only 1 account the guy wo start the tread was a newbie but he says he has earn a lot of money with icos that make me think that account is a new one because he has less that 6 participations . well getting back to the initial topic. whatever you do you have to start doing everything with a simul;ation without real money i dont know u guys but i use metatrader and with simulation i lost a lot but a lot of money jeje thx god it wasnt real money

Altero

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It could be better to try some trading simulator as a basic way of learning and guide you what to do next cause all exchanges have similar way of depositing and withdrawal but it could have in different address. The more you engage in crypto trading, the more you've earned knowledge from.

danherbias07

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Why pay for books or a course if you can just browse the internet and find some answers?

There are also groups in discord and telegram that helps with new traders. Just dont go beyond what they offer to avoid payment.

There is youtube also where people create videos for tutorials of this kind. No worries they are getting paid for views and subscribers.

pjwaffle

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Quote from: h0lybyte on October 07, 2018, 12:23:51 PM

I do not suggest day trading to people like you who have little experience in trading because it is so risky.
Long-term trading will make you much profits as well as grow your experience in this field, also remember to invest only what you can afford to loose so that you have no mishaps in journey

I completely agree with your opinion. But, If they have to pay each daily bills, they have to start learning daily trading. They cant wait and invest in long term. My suggestion for you is to not be greedy. there is a huge diffirence between long term investment and daily trading. You cant hope that you can earn 10 or 20% each days. 1% or 2% is enough for each transaction

h0lybyte

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I do not suggest day trading to people like you who have little experience in trading because it is so risky.
Long-term trading will make you much profits as well as grow your experience in this field, also remember to invest only what you can afford to loose so that you have no mishaps in journey

monster2

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Quote from: KGBx on October 06, 2018, 06:30:37 PM

I suggest you to trade different coins, but not more than 5 for the beginning, that will make you know various scenarios and trading models.

5 cryptocoins is also hard to manage and make a nice profit of it. Because you need to learn some coins will show up to you to earn and pick only onr by one.

raghovsing34

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Crypto trading is very risky and day trading is very risky for everyone. Even a expert trader losses their money by day trading. If you want to learn day trading then you need to be concentration on every part of trading. There have no benfits by reading books, if you don't try it practically. So if you want to learn day trading then you can learn it from an expert persons or you can try to learn from youtube.

rickadone

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Quote from: sarul on October 03, 2018, 07:31:02 PM

Quote from: deevan on October 03, 2018, 04:41:18 PM

Day trading is very hectic, you need a lot of skills & experience to succeed in day trading. No issue everyone has to start from somewhere better if you start with a small amount and test your skills and gain experience about the movement of charts & crypto market. Day trading can make you frustrated if you lose your capital so at least learn the technical skills that bring you some profits. There are a lot of resources on the internet you can also find courses on udemy.

Indeed, it requires someone who is really active in monitoring market conditions and selecting coins and tokens carefully. Not every person can do it, because most of them lose capital when they start and force them to hold the coin longer to get it back. It's only for people who dare to take big risks.

It is even one thing to be actively monitoring the market and it is another thing to know what you are actually monitoring.
Day trading generally is very hectic and there is absolutely no doubt about that, which is not something new anyway, but the thing is that as long as you know what you are doing, the chances of really doing well hugely is there.

Now, that knowing what you are doing is something a whole lot of people do not want to get enough patience to be able to do right and they just feel as long as they just start, learn from experience, things would be good. I have never even advised a new trader to start with day trading in the first place.

greeklogos

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My suggestion to you is to search directly on YouTube for learning video, just type straight 'crypto daily trading learnibg' and you will find some videos which will help you to achieve your target.

KGBx

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I suggest you to trade different coins, but not more than 5 for the beginning, that will make you know various scenarios and trading models.

pundit

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Quote from: JustNerd on September 29, 2018, 10:44:15 AM

Hi guys,

I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.

October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.

Thank you!

Day trading is still a challenge in Crypto as most of the exchange still does not have good volume, I have tried day even in Binance but could not succeed, although I am still trying daily TF trading there but volume is always a challenge in current situation, there is no fluctuation is the price, I would recommend you to try in forex if you are thinking of day trading, due to high price fluctuation you can get a good profit on right trades.

naruto7676

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You can also watch videos to start in your first time trading Like youtube but reading books it's not good for me anyway to start some trading performance.

Topic: Day trading, the very beginning (Read 819 times)