Topic: Developed trading skills (Read 146 times)

I would rather say no one can tell you because no one can actually predict the nature of crypto currencies very well. They are so fluctuating that even experts fail at times and I am not just babbling things out of my mouth, I am saying what I have seen so far. Especially when it comes to bitcoin all the predictions fail. It was expected to touch $10,000 to $12,000 by the end of 2017 but what happened, we all know that so best is to go with your own intuition and research.

If its day trading you'rr interested at, then its probably better if you set aside btc. Try any from the top 6-10 alts and others further down. Be ready with money that you can actually lose. Having said that, bittrex probably has one of the most numbers of coin to choose from. Have a dummy or practice account to get the feelnof the market.

Binance is really getting a lot of votes here.
The problem is the registration had been stopped. That could have been the best trading site for now.
We could just wait for their updates if ever they will open again and I am sure it will.

Do not look at the price of one coin. Look how much the project is working or will work. That is all I am looking at with ICO or even the one who just ended their ICO.

Good approach before starting something new. Asking is first thing that lets you win the situation. Well, you don’t really have to bother about the good pair in the crypto world because mostly in this world you will find alts are being traded against the btc. That makes up most of the market that we are seeing today. So you just have to find good coin or project related to it. You can literally form a good way earning money via best possible portfolio. The best platforms in today’s date are, bittrex, binnace, cryptopia etc. They have good market depth and daily volume so you can trust on them. Well, for tutorials you should follow some steemit and medium blogs.

1) I suggest you to pair with USD or ETH, because trading with BTC Pair too much risk. BTC price very unstable
2) try gate.io, bittrex, binance,
3) You can try this https://www.investopedia.com/articles/trading/05/011705.asp

   Agetan I am not a newbie I still believe that long term holding is better then day trading cause
this is market is constantly rising, when ever you enter it is good and you do not need to do anything
except to wait. More you wait more profit you will make, it is not a risk-free but it is less riskier then
day trading.
   Upekhaanthiny let me answer your questions:
1. For day trading the best pair is traditional currencies/BTC,ETH,LTC, this pair have the highest range
between days low/high. If your pair is crypto-currency/crypto-currency you will realize that most of
them are pump/dump alt-coins, stable prices most of the time with little fluctuations, and in one moment
they just go up, and later you have corrections.
2. Trading platform should depends from your pair, check which trading platform have your pair.
3. Day trading tutorial could be found on internet, you have many videos on YouTube, many PDF files,
and many more things. I was not excited by anything too much, so I can not recommend any, take a look
and you will see that most of them saying the same. I think reading about projects, their adoption, their
plans and road-maps, following their communities will make you more familiar with trading, and you will
know what you can expect to happen in near or far future. This information`s can help you understand
price movements.
   

As newbie, i dont suggest you to do day trading because it needs very high skill and experience.
As newbie i think better you try to do long term holding of any altcoin and bitcoin too.

I would not suggest any youtuber to the OP for learning. Even though it is true that you can learn a lot from youtube these days compared to the bookish learning that elder people have seen. Crypto trading occurs at a more uneasy state and not always supported by every news but mostly FUD news found on the internet spread by shitcoin pumpers. Youtubers are one of the biggest sources of shitcoin pumping that I have seen and I am amazed to see the level of brainwashing these scumbags have done on their subscribers.

Honestly I learnt trading myself with my own hands (with some ideas from my parents who trade on stocks) and I tell every other person to follow the same method - make mistakes learn form those mistakes.

You should check out sniperstube on youtube he gives some really good advice for beginners

1st focus on your trading job 2nd patience is also very important for the traders 3rd control your emotions because is make panic and your investment are in the risk if you can't control your emotions.

And most importantly if you want to improve your knowledge in trading learn how to trade with good strategy and skills by doing research.

about your 3rd question, I'd totally recommend watching cointelegraph vids - only good experts there who know what they're talking about! here's the link: https://www.youtube.com/channel/UCRqBu-grVX1p97WaX4d-OuQ
I am so pumped that I found their channel, it's really funny but at the same time educating..

Ill only answer your third questions since it is what I know more. I don't think that for a newbie like you that heading straight to tutorials is the best way for you to learn trading. For you to learn trading more you must understand it by the book as when you head to tutoring they will teach you some techniques on trading right away but you won't understand it as you still don't know the basics. I have learned it the hard way listening to some of the most popular gurus online but without having a trading plan I loss some of my capital that is why learning by the book is one of the best ways possible.

I am into trading also but i only know few things about trading. If I want to trade i looked at the coin in the coin market cap and checked at the telegram if more traders also are trading.

There are many resources out there to find good coins to trade. Check out youtube. Someone above me mentioned the news and I agree. Crypto news can make major pump and dumps.

I have been using 3 exchanges so far with pretty much no issues besides speed, which everyone is having it seems.

Cryptopia, Bittrex, and Binance.

Do some research on them as well, but they seem pretty trusted. Least popular out of the is cryptopia. Start with Binance or Bittrex once registration opens again.

No one will tell you how. This is the job of the trader to find the very best coins for trading. You must define for yourself the strategy by which you will trade and under its parameters choose the appropriate coins. Good luck.

Day trading is not a simple one. First you should trade some coins constantly. After that you have some idea about day trading. Because if you want to start day trading suddenly you may suffer. When you collect more knowledge in trading. You are the day trader that means you always trading in cryptocurrency. Many platform are available in the trading. But analyse one to two times in  before to invest.

1. TOP ICO hold just a little of them if youre unsure of your decissions. BTC is far greater than anybody elses coins but it has a high fee and more unstable than before. I prefer ETH and Ripple.
2. Im using mercatrox and Bittrex no problems so far.
3. Dont have that just read and speculate practice more.

Herbert2020 pretty much answered your 1st and 2nd questions/requests, so for the 3rd one, I suggest looking up High Altitude Investing[1] on YouTube. He has a noob's guide on how to trade crypto[2], a guide on understanding candlestick charts[3], etc. Check him out.

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[1] https://www.youtube.com/channel/UCD9j5qyDqQvb9qnLss3vxww
[2] https://www.youtube.com/watch?v=DqV-SxDMg_4
[3] https://www.youtube.com/watch?v=kO_Brgth4UY

1. you can go in binance all the coins ther is good to trade long term or short term and do some reseach about the before investing it.

2.speed i dont think so all exchange are experiencing of some lag due of massive  using of thier system.

3 youtube theres a lot of tutorial you can find.

1. look for high liquidity first then in that particular day (last 24-36 hours) look for increase in volume and obviously price but mostly volume. and also news since the altcoin market is a pump and dump market news is the bread and butter to pumpers

2. you should look for more security and trustworthiness, something that is hard to come by these days. for now i believe binance is the leading one in this front until they scam people like the rest of the did so far.

3. i have none!