There are many ways to become a successful trader. One of the most credible ways I have learned over time is to focus on a viable trading strategy instead of on the profit because in the long run, a great strategy will rake in profit. Additionally, start small. Invest a little bit of money first after you have don tons of demo trading.
The importance of having a personal trading plan cannot be over-emphasized. I firmly believe that it is the bedrock to every successful trade. Every successful trader is patient, know when to trade and when to hold-off of trading.
Topic: How to be a successful trader? (Read 371 times)
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
It's good that you're aware that you lack the necessary knowledge to trade because this is the most common mistake that a lot of newcomers make when getting into trading. I'm not an expert in trading myself, but I've had a few experiences trading without any prior knowledge and I'm not proud of it. It will definitely take time, but it's the best thing to start with before diving into trading, and then you can decide which coin to invest in. Take one step at a time But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Individuals that are new to trading are overjoyed when they hear the word "trading". We are astonished to see the top gainers in the market. We frequently disregard the red coins in the market and the reality of the difficulty of earning money through trading. There are numerous online trading lessons, and it's up to you how much time you want to spend understanding them and putting them into practice with your small starting capital. While you are still learning more charting techniques, it is essential that you comprehend the concept of starting with a small capital.
but if you want to trade bitcoin, i think it's the right decision because bitcoin volume is very good, and more secure.
We don't need to focus on Bitcoin to be a successful trader because there are many cryptocurrency out there are good to trade but we can't deny that most of them are focusing on Bitcoin. Altcoins mostly rely on Bitcoins movement that's why it's difficult to trade with them, and also very volatile have long wicks. Unlike Bitcoin, it has low volatility and didn't rely on any currency. 
but if you want to trade bitcoin, i think it's the right decision because bitcoin volume is very good, and more secure.
We don't need to focus on Bitcoin to be a successful trader because there are many cryptocurrency out there are good to trade but we can't deny that most of them are focusing on Bitcoin. Altcoins mostly rely on Bitcoins movement that's why it's difficult to trade with them, and also very volatile have long wicks. Unlike Bitcoin, it has low volatility and didn't rely on any currency. 
In addition to knowledge in the cryptocurrency environment, a skilled trader is distinguished by complete self-control and discipline. It is very difficult to be for yourself both a performer (subordinate) and a boss who thinks through the next steps. It would seem that it is easy to order yourself, but the brain is looking for dozens of reasons not to do something, to be afraid. And at the same time, we easily trust other people, their authority. I think a great trader lives according to a schedule, not chaotically. He is very measured and patient. No expression. I have seen only a few such people in my entire life.
I feel like if I trade bitcoins I might be able to make a profit.
Yes trading bitcoin is profitable if you have knowledge and skills all cryptocurrencies follow so if you follow bitcoin you can make good profit from it.100 % agree with you first you need to learn about the basic of cryptocurrencies and invest that much amount that you are happy to lose as a beginner.
Bonus tip
You can use demo account to learn about cryptocurrencies without losing anything.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
You don't need to Rush to get capital to start up trading. Their is a process in starting trading, what you need to do first is learning. Trading is kind of complicated for beginners who doesn't have any knowledge and experience. If you think having the capital is the first priority to start up a trading you may end up losing everything. Just have patience and learn first, having knowledge in trading you want have much challenges in trading as you start your journey. But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
In my opinion risk management is a key before opening any trade you need to accept profit as well as lose ,
Otherwise you may trade blindly and at any time you may lose all of your money .So develop different strategies using demo account and after testing implement on real account with low balance . DOnt be greedy, keep slow and steady .
Otherwise you may trade blindly and at any time you may lose all of your money .So develop different strategies using demo account and after testing implement on real account with low balance . DOnt be greedy, keep slow and steady .
Just jump onto an exchange, play around with coins - knowledge will come automatically.
Use sites like coinmarketcal for coin events. Buy week or so prior, sell day before event. Stick to prominent coins, check coingecko for data.
Use sites like coinmarketcal for coin events. Buy week or so prior, sell day before event. Stick to prominent coins, check coingecko for data.
@everyone
Thanks a lot to everyone as everyone has shared a lot of valuable views here and given me a lot of valuable advice which I feel will be useful. But one thing I found in common is that all advised me to invest in Bitcoin and all warned me that the investment carries a lot of risk so that I invest without thinking about the investment. I will keep your advice in mind.
Lol,there is nothing under this earth that does not carry risk,and if you want to be a winner,you must be a risk taker.Who ever is ready to take risk at any time,is determined to succeed.The reason why the advicers emphasize of the risk involved is because they don't want a situation whereby when you loose, you will say they didn't tell you It was like that, therefore,bare in mind that there are risks involved in investing,but that shouldn't scare you from making investmests.Give a try to it,and maybe it might just end up surprising you with a positive result. Thanks a lot to everyone as everyone has shared a lot of valuable views here and given me a lot of valuable advice which I feel will be useful. But one thing I found in common is that all advised me to invest in Bitcoin and all warned me that the investment carries a lot of risk so that I invest without thinking about the investment. I will keep your advice in mind.
Trading in cryptocurrencies requires you to acquire knowledge about trading. If you don't have any knowledge about trading then you can never trade on trading platform. But I will support Bitcoin for trading. Because trading with bitcoins you can avoid risk to a large extent and you can profit from trading. And Bitcoin is best for trading especially for beginners. However, you will gradually increase your funds on the trading platform. You should never trade with too much money in the first place. You can start trading with more money only when you gain complete knowledge about trading.
Before being in the market for trading activities, every beginner is advised to have knowledge of market movements and some indications of the direction of market movements based on hype in an effort to avoid the impact of FUD which can reduce the market. However, there are many other things that must be understood before trading because many beginners are very panicked by the corrective movement of the market and they regret that they cut their losses because the next day the market increases again. 
I can see you stated categorically that you don't have enough knowledge about trading from your explanation , then why would you want to start trading in a volatile Crypto market that you don't have good understanding of how to navigate profitably and think you would be profitable ?.
Right now to start with, your main focus should be getting the proper knowledge or good understanding of what you want to do before starting your trading journey.
Remember!, learn before you earn.
Right now to start with, your main focus should be getting the proper knowledge or good understanding of what you want to do before starting your trading journey.
Remember!, learn before you earn.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Read and study a lot. And you must realize that even the best trader has losses. If you find someone that presents himself as 100% successful is a lie. You will have some failures but those ones will make you a stronger trader. Knowledge is the best key
PD: Always put an SL and NEVER, Repeat, NEVER OVER-LEVERAGE
As a youngster I think trading requires knowledge of how to trade.
Otherwise, it can be seen that buying a coin suddenly without knowing about something can lead to losses.
However, trading in cryptocurrency requires risk.Most of the coins are currently undervalued.Those who have enough money now can pretty well buy and trade the coins that are underpriced.
At present the price of Bitcoin is going very low so buying this coin can also be an investment on top of this coin.
Otherwise, it can be seen that buying a coin suddenly without knowing about something can lead to losses.
However, trading in cryptocurrency requires risk.Most of the coins are currently undervalued.Those who have enough money now can pretty well buy and trade the coins that are underpriced.
At present the price of Bitcoin is going very low so buying this coin can also be an investment on top of this coin.
@everyone
Thanks a lot to everyone as everyone has shared a lot of valuable views here and given me a lot of valuable advice which I feel will be useful. But one thing I found in common is that all advised me to invest in Bitcoin and all warned me that the investment carries a lot of risk so that I invest without thinking about the investment. I will keep your advice in mind.
Thanks a lot to everyone as everyone has shared a lot of valuable views here and given me a lot of valuable advice which I feel will be useful. But one thing I found in common is that all advised me to invest in Bitcoin and all warned me that the investment carries a lot of risk so that I invest without thinking about the investment. I will keep your advice in mind.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Trading in cryptocurrencies requires you to acquire knowledge about trading. If you don't have any knowledge about trading then you can never trade on trading platform. But I will support Bitcoin for trading. Because trading with bitcoins you can avoid risk to a large extent and you can profit from trading. And Bitcoin is best for trading especially for beginners. However, you will gradually increase your funds on the trading platform. You should never trade with too much money in the first place. You can start trading with more money only when you gain complete knowledge about trading. But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Trading doesn't have a university were you will learn or study it perfectly, right now we don't have a professor in trading, but it's your detriment to decide that you want to understand the scopes or rudiments of trading, because you can as well acquire the knowledge of trading through YouTube, you can also learn trading through forex traders tutorial, so since it's something of you mind when you devote out time you learn and understand it perfectly.But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Trading doesn't have a university were you will learn or study it perfectly, right now we don't have a professor in trading, but it's your detriment to decide that you want to understand the scopes or rudiments of trading, because you can as well acquire the knowledge of trading through YouTube, you can also learn trading through forex traders tutorial, so since it's something of you mind when you devote out time you learn and understand it perfectly. But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
The wisest and best thing to do when you still have no knowledge and want to trade is by learning at first until you really understand about cryptocurrency and about trading crypto itself. Additionally, you must also have good knowledge about what exchange platform you want to trade, what kind of trade (future or spot), and also other considerations about money and risk management. Why should learn these all at least? Because trading is very risky, not only the profits that you must think about but also the high risks that are awaiting. Risks will never be separated from trading. Even professional traders will also face high risks and the possibility of being lost in trading, moreover newbies without enough knowledge. Although you need a trial and error, if this is not based on your knowledge, it will fail and take higher risks again.
I love your advice and courage,but my question is were can some one lean or acquir this skill from is it from this forum or some were ealse,
The forum is little it no good in helping one to acquire trading skills. At best we have moderate discussions about price fluctuations and the possible causes, but nothing too Technica on how to reach charts and candlesticks.You can take a course on crypto trading and take out lots of time to practice what you have learnt.
Trading is not for newbies, you will lose all your money fast and those dreams of yours will turn to dust right in front of you, stay away from trading, I am damn serious, focus on learning how to trade and depending on how smart your brain is, you might get used to it fast, when you are finally ready you should start using a trial account, very good for learners.
I wholeheartedly agree with your suggestion that he begin researching about bitcoin before trading. To avoid being taken advantage of or scammed as a new member of the forum, it is best to learn more about trading before you begin. It will also be beneficial to understand the type of coin you trade in order to determine which one will make you money. I'd appreciate it if you could learn more about bitcoin and ask more questions before you start trading.
Sincerely I don't think there's a perfect trader,there will always be a profit or a loss, but I believe since you are in this forum you should learn how to trade, ask questions where you don't understand so you can be helped,
But one thing you should know is the timming of trading, you should know when you should invest, when you should start trading and when you are to stop your trade...
This are my thoughts though
But one thing you should know is the timming of trading, you should know when you should invest, when you should start trading and when you are to stop your trade...
This are my thoughts though
I've been trading currency pairs since before the days of crypto exchanges, so I think I have some experience. I can definitely write that a successful trader does not sit at the computer 24/7 doing some things on the stock exchange. By doing so, people only calm their conscience. The result is important here. I believe that you need to trade pending orders by buying at the bottom, selling at the top. This strategy saves a lot of time. It is only necessary to periodically correct the orders.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
This is a good decision ever. If you will start with the little amount and keep trying to learn more and more one day you will be able to invest big and will earn big. If you are thinking to become a trader so you must have some basic knowledge about candles basic patterns and the main thing is that you must have a look on the current news. First this will tell you that what's going on in the world and also will give you the green and red signals to trade.
If you just want to start trading and try to understand the discussion about trading on various social media that would be a good way. but you really have to be careful and just learn technical and fundamental analysis. Do not listen to investment advice or signals from other people. if you already understand the basics of trading, then you are ready to start your first trade. don't just think about the benefits, but think about the losses and risks that will occur.
Bitcoin is the best choice to start with.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
This is a good decision ever. If you will start with the little amount and keep trying to learn more and more one day you will be able to invest big and will earn big. If you are thinking to become a trader so you must have some basic knowledge about candles basic patterns and the main thing is that you must have a look on the current news. First this will tell you that what's going on in the world and also will give you the green and red signals to trade.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
This is a good decision ever. If you will start with the little amount and keep trying to learn more and more one day you will be able to invest big and will earn big. If you are thinking to become a trader so you must have some basic knowledge about candles basic patterns and the main thing is that you must have a look on the current news. First this will tell you that what's going on in the world and also will give you the green and red signals to trade.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Not to be pessimistic here, but what you feel is subjective. You could also lose when you trade bitcoin. Some loses a lot during the bull market thinking that it will go beyond 100k to 200k in value but instead did a major pullback and now coming back again. Yes do a business and only trade if you already gain the knowledge on how to do it. Its not a joke to do heavy trading especially in crypto that is so volatile. 
-snip-
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Not only bitcoin but several other altcoins that have strong fundamentals can also sometimes give us profits if we trade based on sufficient knowledge and experience because having experience lets us know when the momentum is right to buy and when is the right time to sell back, trading is not it's as easy as we imagine because no one can read price movements precisely, moreover basically crypto price movements are very volatile, so it's very possible that we have to be willing to lose everything if we make mistakes in trading. But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
The basics to learn are about the coins you will choose to trade. Learning the extent of a coin's potential will be very useful because it can keep us away from scam coins.But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Money comes second in trading activities because without knowing the basics of trading then the money will not give us the desired goal.
The choice of Bitcoin for you to trade is right even though the amount of money you have is limited.
Learn first the difference between other coins and Bitcoin because if we say Bitcoin is the king of coins and the best investment choice, you might not believe it. Learn the history of Bitcoin's journey with other coins.
We are sure you will not be disappointed choosing Bitcoin.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
A trader should learn some basic things at the beginning of trading. Which will increase his trading skills. A new trader needs to know which coins are good and which will be bullish in the future and which coins will never come back. Trader needs to possess a lot of knowledge which is not possible to acquire in a short period of time. A trader get advantage of trading Bitcoin. In this platform there is no chance of loss if someone hold it for a long time. Moreover, it is the best investment in crypto currency sphere.But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Various topics are discussed in www.babypips.com a users can learn and trade the financial markets safely and responsibly through this site. It is possible to achieve better efficiency by applying these rules and regulations and different types of trading knowledge with few days.
You present two things here one is that you don't have enough knowledge about trading but you are interested in trading and another thing is that you want to start trading with Bitcoin for the first time.
First discussing about your lack of understanding about trading:
First of all you don't know much about trading but you are interested in trading so I suggest you first get good understanding about trading. Different Candles Understand the current market conditions first and when you get enough knowledge about trading you can start trading with a small amount of money.
Starting your trading with Bitcoin:
I think you have made a very good decision Bitcoin is always better than other coins especially for trading. So if you start trading with Bitcoin hopefully you will earn some profit and there will be less risk.
First discussing about your lack of understanding about trading:
First of all you don't know much about trading but you are interested in trading so I suggest you first get good understanding about trading. Different Candles Understand the current market conditions first and when you get enough knowledge about trading you can start trading with a small amount of money.
Starting your trading with Bitcoin:
I think you have made a very good decision Bitcoin is always better than other coins especially for trading. So if you start trading with Bitcoin hopefully you will earn some profit and there will be less risk.
For some time now I have been making a plan that I will trade on the crypto platform .
One of biggest mistakes people commonly make is think that they can get rich quickly and easily by trading. They heard, read, watched somewhere about rich stories and think that those stories are real and rosy so that they want to make their debuts like that.Trading is risky and not easily so most of newbies will lose money, not get rich with trading.
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But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
How long have you ever participated in cryptocurrency market?If your time here is not too long, a few years, you should not think of trading.
Your way is to start with investment in Bitcoin. Spend a few years to see your portfolio growth with Bitcoin and experience how bull and bear market comes and completes then how news, fuds impact this market.
If you have profit from investment in Bitcoin, a few years later, you can use small part of it for trading. Don't use all fund for trading because even you have a few years in this market and succeed with investment, you are still vulnerable to lose by trading.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Due to what you said that you don't have enough knowledge about trading, that should be a major issue because you can't be a great trader without having the necessary skills, I will advice you to learn as much as you can about trading before you dive in. capital shouldn't be a concern because beginners are always advised to start with little amounts of money so they may learn from their mistakes before beginning to trade with larger sums.
Trading Bitcoin is a fantastic option because it doesn't lose value as quickly as other coins do over the course of a few hours.
Hope you all help me move forward.
I was in the same boat not too long ago. I too had aspirations to trade on a crypto platform but felt overwhelmed with the lack of knowledge about it. It can be intimidating. But don't let that discourage you, there's so much information and resources out there that can help you learn and get started. Just take your time and do your research before you jump into anything and you'll be well on your way. Just remember that when it comes to trading and investing in the crypto space, there's no such thing as a get rich quick scheme. It takes time, patience and discipline.
Op you want to make profit from trading bitcoin as a beginner and want to invest more later, but this is not how things work in trading. It is not easy to make profit from day trading. The proven way of making money from bitcoin is by holding it for long term.
First focus on learning, then make a plan and take your next step according to your plan.
First focus on learning, then make a plan and take your next step according to your plan.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
There is no minimum or maximum amount you can put into trading; just make sure you put money into trading that you won't need right now to avoid exiting the market when you're already profiting from it, as in the case of emergency funds. Learning is the most important thing you need before you begin trading, so learn how to trade first before you begin investing in order to get a good guide in the market.
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But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Bitcoin is the best currency for a beginner to trade because it allows for risk management and, to some extent, loss minimization. Bitcoin is the only coin on which you can rely and profit in the long run if you invest for a long period of time.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
Even a baby has to learn to crawl before standing and walking and running. The process of learning is not one that can be avoided, because without the knowledge of how to acquire the coins, the amount that would be sufficient, what exchange to use and other necessary setup that would be needed to be successful at trading, to be a successful trader would just be merely a dream. That is one reason for this forum. You learn here and have access to ask questions and get real life answers from experienced persons. But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
There is the chance of you profiting and also the chance of you loosing, and guess what? they are both likely to happen. As you expect to gain, expect to loose money too. If you have a small amount of money to start trading with, I think it is even better to start something else or just buy bitcoins to keep instead of wanting to trade when you do not have enough money to bear the risk. Trading is not the only way to make profit from cryptocurrency. But I am not able to trade because I don't have enough knowledge about trading.
Then learn from books, read what people on trading platforms like tradingview have to say, see if they're good with their predictions and try to copy their ideas.
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I have no idea how much money is needed to trade or what coins I can currently profit from trading.
There's no minimum or maximum. Just note that you will maybe earn 5% on a trade so if you start with $100 that's going to be $5.
There's a number of gambling methods. Some people play with leverage but I recommend you don't go over x3 as this is the fastest way to lose it all.
Remember that the market is heavily manipulated and you will probably lose more money nhan you'd gain by holding your coins.
Trading is not for newbies, you will lose all your money fast and those dreams of yours will turn to dust right in front of you, stay away from trading, I am damn serious, focus on learning how to trade and depending on how smart your brain is, you might get used to it fast, when you are finally ready you should start using a trial account, very good for learners.
You can't become a succesful trader because there is no statistically proven method of trading that gives an edge over other methods. The most successful traders are the insiders and manipulators, but if you're not a manipulator with connections, you can't become one of them.
The idea that trading is some sort of art that can be mastered to generate constant profit is just a lie that exchanges have invented to lure more customers, because they profit from trading fees and are interested in more market activity.
The idea that trading is some sort of art that can be mastered to generate constant profit is just a lie that exchanges have invented to lure more customers, because they profit from trading fees and are interested in more market activity.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. ..
It's great that you realize that for successful trading it is necessary to have the appropriate knowledge. But in addition to knowledge, you will need experience that cannot be obtained in a few days. The easiest way to gain knowledge would be paid training, but as a rule it requires material expenses, which beginners usually do not have. So the only way to gain knowledge will be self-learning the basics of trading, using a forum and free training videos on YouTube.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
I have no idea how much money is needed to trade or what coins I can currently profit from trading.
About the money, its simple: as much as you can afford to lose. Regarding what coins to trade, there is no guide about that as situation on the market changes constantly and you will have to figure out these things about yourself. To sum it up, be ready to lose quite a lot of money and invest a lot of time into education. Unless you are willing to do that, you won't be among those few % that are actually successful at trading.
I am trying to learn something new every moment. But in some places I have some difficulty in understanding, hope I will understand those things with time.
If some of the basic lessons are proving difficult, you should put off investing actual money unin you have gotten a hang of it. This doesn't mean you must learn everything before starting off as even the most experienced traders still learn regularly, but you should have a grip of the fundamentals.Also, trading is not for everyone. There are many skills that one can learn and if you do not really have the interest in something but only want to do it cause you heard it's profitable, chances are you would not be successful at it.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
I will also support your decision on the latter part of your second paragraph which takks about the idea of starting with bitcoin first, this will reduce the level of risk exposure you might go into since you're not used to cryptocurrencies in general and being a beginner, it's more safe and recommendable for a start, learn the trading strategies and choose the most desiring one you could easily blend with, start mall as you wished and gradually grow it up, but most importantly, don't choose altcoins for a start being a beginner, you can learn more about bitcoin on the bitcoin discussion board, and also learn about trading from the trading discussion board as well, be active and learn.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
I will also support your decision on the latter part of your second paragraph which takks about the idea of starting with bitcoin first, this will reduce the level of risk exposure you might go into since you're not used to cryptocurrencies in general and being a beginner, it's more safe and recommendable for a start, learn the trading strategies and choose the most desiring one you could easily blend with, start mall as you wished and gradually grow it up, but most importantly, don't choose altcoins for a start being a beginner, you can learn more about bitcoin on the bitcoin discussion board, and also learn about trading from the trading discussion board as well, be active and learn.
Your major problem isn't the capital. In fact, if anything, that shouldn't even come as a concern to you at this moment. The first thing you need (and it should run into months) is to acquire the basic skills for trading. You can start with learning about Price Action, candle patterns and Money Management. Babypips is a great site that teaches such stuff. It was a major part of my learning curve.
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.
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