Topic: How can I do trading? - page 8. (Read 18278 times)

Good advice, and btw, it ain't necessary that you are always going to make profits only on your trades as losses may occur too while doing this risky way of gambling, so it's better to stay away from real money trading and practice it on demo accounts which are available on many websites in order for us to learn how is it done in a better way...

This is the  best way to do  if you intend to  engage  on  trading  because  most of  us here  do suggest trading when it terms of  investment but  in reality  its not easy as it sounds hence it would really require some  knowledge and experience to  be  profitable with it thats why you need to learn first the basic and gradually learn  on every trade you made.

Always it is better to discuss with experienced resource before starting up with it and learn more about it before start trading because it is not easy to earn money from trading and there are chances one will loose a lot when being a new one to trading. Try with small capital and increase in numbers when you fully understand how to get profit from trading.

There would be definitely dumb people to choose  gambling  than into trading  since they  like easy money and  dont  like to do hard work  andeffort to attain  or to make money which  is  possibly could happen when you do trading. Well its  up to ones decision  on  which thing he would choose. Trading is simply you are selling  high and buying  low  to a certain coin which you could earn  profit but its not easy as it sounds.

There is a vast difference in gambling and trading, gambling is a place to loose money and trading allows your to make money, so if you are wise enough then I hope you better know which option to choose.

Also, we are having chances to have free bitcoins and altcoin on some exchanges on regular basis so that we could fasten our trading if we keep on collecting them regularly. Now a days we got chances to start trading even for free of cost as some exchanges are giving freebies time to time.

it depend on you if you are interested in alt coin then you have to join a exchange and there you can buy an alt share using bitcoin directly, and if you are interested in gambling then there are so many online site through which you can do online gambling and can really enjoy it.

An easy place to start would be YoBit. They have a nice interface, however as of late they have been receiving alot of flak. Just don't listen to the trollbox.

This is  the most precise of basic steps  to start trading  which is  very helpful but   before  you  jump into trading  you must be  knowledgeable enough  and  do have already  an idea    on it  because  trading  would be  useless  if you dont  know what you are  doing and for sure you would  lose up  money.

once you have registered on an exchange and confirmed your deposit, there are some simple steps that can get confusing.

firstly, trades are broken into "pairs".  since i mostly use yobit i will use them as an example.  now, on that exchange all other coins are traded against BTC or bitcoin.  you can trade doge for bitcoin and bitcoin for litecoin, but not doge for litecoin.  there are some exchanges that add in other basic pairs, but this is a simple start.

lets say that your deposit was 1 BTC.  lets say that you are going to use the entire balance in your first trade.  i use yobit a lot for the simple reason of the left hand sidebar.  there is a list of the alr coins and an awesome number, they show the percentage change in the value of those coins versus bitcoin.  that is your first concept.  every alt coin is going to be expressed as the price versus bitcoin.  an easy example would be a coin that does not exist, call it X coin.  the price at this second can be 0.1.  that means that a bitcoin can buy 10 X coins.  the value of X coin is 0.1 or one tenth of BTC.

so, watch the side bar.  red values are lower than the last check and green are higher.  a green change means the coin is gaining value and red the opposite.  this is where people differ.  there are really reasons to buy a coin going in either direction.  most people that are trading based on that moments info are going to try to catch a coin going up.  they buy the coin at 0.1 and a few minutes/hours later it is worth 0.3 and they sell, making money.  others like coins going down because they are becoming cheap.  they intend to load up while cheap and hope for a rise.  so, X coin is 0.1 and the change is green, going up.  lets attack now and hope for the best. 

you then click on X coin over on the left and go to the trading screen.  there are two halves, buy and sell.  there are really 3 important numbers.  there is the "last" price...that is literally the last price paid for the coin, whether it was buy or sell, it was the last traded price.  the buy price is the highest amount currently offered for the coin and the sell price is the lowest.  a coin that is being actively traded will show a list of offers below each, you are buying so you want to look at the "sell" orders, those are people that are offering a number of coins at a price. 

the easy way to trade is to simply grab the lowest sell order, that is the top one.  the forms can be tricky, i will let you play with that as i have confused you enough.  so, X coin has a sell offer at 0.1 for 1000 coins. you can click the order, adjust the number to 9, you can;t afford 10, there are fees and click buy.  that should fill immediately.  on the other side, the buy side, the prices are a little different.  the offers are lower, but our coin is increasing in value so fast forward and you see a buy offer at 0.2, same deal, click and click and click and now you have 1.7 to 1.8 BTC, call it a day and live happy.

that is a lot of info.  play with that without actually spending money and you will be back shortly with more questions.

firstly you must have some funds on usd btc or other coins
secondly you register on exchange site but it should famous exchange like poloniex bittrex or etc
and the last you can start trading there as easy as that

Honestly? Don't trade, HODL!

In my moments of weakness I tend to use Poloniex.

If you do end up trading, ignore the troll box - its very entertaining just don't take advice from it!

Their are lot of exchanges where you can do altcoin and bitcoin trading , i am using yobit, bittrex and polonix for bitcoin trading but for altcoin i use most of all exchanges as new coin are launching on which exchange cannot say. according to the altcoin i use the exchanges and immediately after doing trading i just withdraw my bitcoins as some exchanges are not safe to keep bitcoins in their wallet.

I currently use Yobit and Poloniex.

Make a small deposit of ten or twenty dollars and start trading some alt-coins.
Do some research as well, but trading is the type of thing you need to practice.
Even in the last few weeks I've gotten much better at spotting trends in coins.

You also need to be familiar with the interface of each site. Learn about stop orders, how to read the graphs, etc.
Each website might not be exactly the same. Find a site whose layout and functions you prefer and do some trading there.

Whatever you do, make sure you use escrow.  Don't get burned.

Poloniex and Bittrex are my favorite two exchanges. Don't just jump into it and don't take advice from the public chat boxes. Do your own research on the different alt-currencies available and if something sounds promising or seems the price could rise in the future go for it. It gets a bit more in depth with that if you'd like to start margin trading but there are a plethora of articles about this sort of thing on the net. Good luck OP

Trading is simple when we know how to do it, we just waiting price down and then selling when the price rising again.

You have a point though, you could learn trading   while  you are doing it  but  its much better  to  study first all the  important things to  be  consider when you intend to do trading hence its not an easy  job after all  because  you are predicting  moving  prices and you would   really need  some  knowledge  to  be  profitable.

trading is one of those things that you can actually learn on the job.

so it is possible to just start it and then study the patterns and learn things online as you progress.

but in this case you should start with a smaller amount to not lose all your life on it.

usually trading is a best legit qay to make profit . if you want to enter in trading then i will suggest you to first of all get study about price of btc and altcoin how depend to each other so that you will be able to somewhat prediction in better manner .